HPM Solutions: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HPM Solutions
Largest movements
- Cash +€100,233
up €100,233 (+128.3%), from €78,116 to €178,349
mainly Net result for the year (+€102,497) and Receivables within one year (+€87,192)
- Receivables within one year -€87,192
down €87,192 (-61.0%), from €142,914 to €55,721
of which Trade receivables: -€137,192
- Tangible fixed assets +€49,800
up €49,800 (+84.6%), from €58,897 to €108,697
of which Furniture and vehicles: +€38,244
- Other debts -€57,413
down €57,413 (-54.6%), from €105,240 to €47,827
- Reserves +€54,670
up €54,670 (+64.4%), from €84,835 to €139,505
- Debts after one year +€40,626
up €40,626 (+116.9%), from €34,760 to €75,386
- Tax, wage and social debts +€17,196
up €17,196 (+57.5%), from €29,917 to €47,113
- Current portion of long-term debt +€4,918
up €4,918 (+30.6%), from €16,085 to €21,003
- Gross operating margin -€14,747
down €14,747 (-8.1%), from €182,837 to €168,091
- Taxes +€2,618
up €2,618 (+6.4%), from €40,692 to €43,311
- Financial charges +€2,361
up €2,361 (+136.4%), from €1,731 to €4,092
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €280,017 | €342,995 | +€62,978 | +22.5% |
| Fixed assets | 21/28 | €58,897 | €108,697 | +€49,800 | +84.6% |
| Tangible fixed assets | 22/27 | €58,897 | €108,697 | +€49,800 | +84.6% |
| Land and buildings | 22 | - | €12,350 | +€12,350 | |
| Plant, machinery and equipment | 23 | €3,964 | €3,171 | -€793 | -20.0% |
| Furniture and vehicles | 24 | €54,933 | €93,176 | +€38,244 | +69.6% |
| Current assets | 29/58 | €221,120 | €234,298 | +€13,179 | +6.0% |
| Amounts receivable within one year | 40/41 | €142,914 | €55,721 | -€87,192 | -61.0% |
| Trade receivables | 40 | €142,914 | €5,721 | -€137,192 | -96.0% |
| Other amounts receivable | 41 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €78,116 | €178,349 | +€100,233 | +128.3% |
| Deferred charges and accrued income | 490/1 | €90 | €228 | +€138 | +153.7% |
| Total equity and liabilities | 10/49 | €280,017 | €342,995 | +€62,978 | +22.5% |
| Equity | 10/15 | €85,835 | €140,505 | +€54,670 | +63.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €84,835 | €139,505 | +€54,670 | +64.4% |
| Distributable reserves | 133 | €84,835 | €139,505 | +€54,670 | +64.4% |
| Amounts payable | 17/49 | €194,182 | €202,490 | +€8,308 | +4.3% |
| Amounts payable after more than one year | 17 | €34,760 | €75,386 | +€40,626 | +116.9% |
| Financial debts | 170/4 | €34,760 | €75,386 | +€40,626 | +116.9% |
| Amounts payable within one year | 42/48 | €157,301 | €123,238 | -€34,063 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €16,085 | €21,003 | +€4,918 | +30.6% |
| Trade debts | 44 | €6,058 | €7,295 | +€1,237 | +20.4% |
| Suppliers | 440/4 | €6,058 | €7,295 | +€1,237 | +20.4% |
| Taxes, remuneration and social security | 45 | €29,917 | €47,113 | +€17,196 | +57.5% |
| Taxes | 450/3 | €29,917 | €47,113 | +€17,196 | +57.5% |
| Other amounts payable | 47/48 | €105,240 | €47,827 | -€57,413 | -54.6% |
| Accrued charges and deferred income | 492/3 | €2,121 | €3,866 | +€1,745 | +82.3% |
| Non-recurring operating income | 76A | - | €1,015 | +€1,015 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,026 | €18,710 | -€316 | -1.7% |
| Other operating charges | 640/8 | €348 | €1,046 | +€698 | +200.4% |
| Gross operating margin | 9900 | €182,837 | €168,091 | -€14,747 | -8.1% |
| Operating profit (loss) | 9901 | €163,463 | €148,334 | -€15,129 | -9.3% |
| Financial income | 75/76B | €196 | €1,566 | +€1,370 | +699.3% |
| Recurring financial income | 75 | €196 | €1,566 | +€1,370 | +699.3% |
| Financial charges | 65/66B | €1,731 | €4,092 | +€2,361 | +136.4% |
| Recurring financial charges | 65 | €1,731 | €4,092 | +€2,361 | +136.4% |
| Profit (loss) for the period before taxes | 9903 | €161,928 | €145,808 | -€16,120 | -10.0% |
| Income taxes | 67/77 | €40,692 | €43,311 | +€2,618 | +6.4% |
| Profit (loss) for the period | 9904 | €121,235 | €102,497 | -€18,738 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €121,235 | €102,497 | -€18,738 | -15.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.