HPNW Group: what changed
Two financial 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.
HPNW Group
Largest movements
- Tangible fixed assets -€36,105
down €36,105 (-8.0%), from €449,360 to €413,255
of which Land and buildings: -€24,016
- Receivables within one year -€9,296
down €9,296 (-23.5%), from €39,578 to €30,281
of which Trade receivables: -€9,296
- Other debts -€38,436
down €38,436 (-44.8%), from €85,720 to €47,284
- Reserves +€22,077
up €22,077 (+36.1%), from €61,081 to €83,158
- Debts after one year -€21,182
down €21,182 (-9.4%), from €224,574 to €203,392
- Trade debts -€12,876
down €12,876 (-48.2%), from €26,738 to €13,862
- Staff costs +€22,566
up €22,566 (+24.6%), from €91,650 to €114,216
- Other operating charges -€5,331
down €5,331 (-50.1%), from €10,632 to €5,301
- Gross operating margin -€3,527
down €3,527 (-1.7%), from €203,357 to €199,830
- Taxes +€2,612
up €2,612 (+16.2%), from €16,090 to €18,702
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.
Derived cash bridge
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 | €576,865 | €527,764 | -€49,101 | -8.5% |
| Fixed assets | 21/28 | €449,360 | €413,255 | -€36,105 | -8.0% |
| Tangible fixed assets | 22/27 | €449,360 | €413,255 | -€36,105 | -8.0% |
| Land and buildings | 22 | €419,645 | €395,629 | -€24,016 | -5.7% |
| Furniture and vehicles | 24 | €21,945 | €10,773 | -€11,172 | -50.9% |
| Other tangible fixed assets | 26 | €7,769 | €6,852 | -€917 | -11.8% |
| Current assets | 29/58 | €127,506 | €114,510 | -€12,996 | -10.2% |
| Amounts receivable within one year | 40/41 | €39,578 | €30,281 | -€9,296 | -23.5% |
| Trade receivables | 40 | €39,379 | €30,083 | -€9,296 | -23.6% |
| Other amounts receivable | 41 | €199 | €199 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,190 | €83,388 | -€1,802 | -2.1% |
| Deferred charges and accrued income | 490/1 | €2,738 | €840 | -€1,898 | -69.3% |
| Total equity and liabilities | 10/49 | €576,865 | €527,764 | -€49,101 | -8.5% |
| Equity | 10/15 | €182,675 | €204,752 | +€22,077 | +12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,081 | €83,158 | +€22,077 | +36.1% |
| Distributable reserves | 133 | €61,081 | €83,158 | +€22,077 | +36.1% |
| Profit (loss) carried forward | 14 | €87,994 | €87,994 | = | 0.0% |
| Investment grants | 15 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €394,190 | €323,012 | -€71,178 | -18.1% |
| Amounts payable after more than one year | 17 | €224,574 | €203,392 | -€21,182 | -9.4% |
| Financial debts | 170/4 | €224,574 | €203,392 | -€21,182 | -9.4% |
| Amounts payable within one year | 42/48 | €169,616 | €117,745 | -€51,871 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €19,328 | €19,583 | +€255 | +1.3% |
| Trade debts | 44 | €26,738 | €13,862 | -€12,876 | -48.2% |
| Suppliers | 440/4 | €26,738 | €13,862 | -€12,876 | -48.2% |
| Taxes, remuneration and social security | 45 | €37,830 | €37,016 | -€814 | -2.2% |
| Taxes | 450/3 | €33,569 | €33,008 | -€562 | -1.7% |
| Remuneration and social security | 454/9 | €4,261 | €4,008 | -€252 | -5.9% |
| Other amounts payable | 47/48 | €85,720 | €47,284 | -€38,436 | -44.8% |
| Accrued charges and deferred income | 492/3 | - | €1,876 | +€1,876 | |
| Remuneration, social security and pensions | 62 | €91,650 | €114,216 | +€22,566 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,402 | €36,105 | +€1,703 | +4.9% |
| Other operating charges | 640/8 | €10,632 | €5,301 | -€5,331 | -50.1% |
| Non-recurring operating charges | 66A | €2,450 | - | -€2,450 | |
| Gross operating margin | 9900 | €203,357 | €199,830 | -€3,527 | -1.7% |
| Operating profit (loss) | 9901 | €64,223 | €44,208 | -€20,015 | -31.2% |
| Financial income | 75/76B | €1,289 | €762 | -€527 | -40.9% |
| Recurring financial income | 75 | €1,289 | €762 | -€527 | -40.9% |
| Financial charges | 65/66B | €4,346 | €4,191 | -€155 | -3.6% |
| Recurring financial charges | 65 | €4,346 | €4,191 | -€155 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €61,165 | €40,779 | -€20,386 | -33.3% |
| Income taxes | 67/77 | €16,090 | €18,702 | +€2,612 | +16.2% |
| Profit (loss) for the period | 9904 | €45,076 | €22,077 | -€22,999 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,076 | €22,077 | -€22,999 | -51.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.