HPP: what changed
What changed
HPP
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€257,587
2024 · €424,612-€167,025
Equity
€1.0m
2024 · €1.1m-€57,413
Cash
€61,414
2024 · €101,532-€40,118
Balance sheet total
€2.1m
2024 · €2.1m-€39,471
Largest movements
Assets
- Cash -€40,118
down €40,118 (-39.5%), from €101,532 to €61,414
mainly Contributions, distributions and other (-€315,000) and Current portion of long-term debt (-€156,416)
Equity and liabilities
- Other debts +€171,765
up €171,765 (+263%), from €65,294 to €237,059
- Current portion of long-term debt -€156,416
down €156,416 (-100%), from €156,416 to €0
- Profit (loss) carried forward -€57,413
down €57,413 (-5.4%), from €1.1m to €1.0m
Income statement
- Financial income -€152,000
down €152,000 (-43.0%), from €353,500 to €201,500
- Gross operating margin -€24,472
down €24,472 (-22.0%), from €111,205 to €86,732
- Taxes -€5,035
down €5,035 (-19.2%), from €26,246 to €21,210
- Depreciation -€3,973
down €3,973 (-49.1%), from €8,091 to €4,118
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€424,612
Gross operating margin
-€24,472
Depreciation
+€3,973
Other operating charges
-€21
Financial income
-€152,000
Financial charges
+€460
Taxes
+€5,035
Result 2025
€257,587
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€432,241
Investment
-€943
Financing
-€471,416
Cash 2024
€101,532
From operations (derived)
+€432,241
Net result for the year
+€257,587
Depreciation
+€4,118
Receivables within one year
-€3,790
Deferred charges and accrued income
-€32
Trade debts
+€1,383
Tax, wage and social debts
-€2,246
Other debts
+€171,765
Accrued charges and deferred income
+€3,455
Investment (derived)
-€943
Investment in fixed assets (net)
-€943
Financing
-€471,416
Current portion of long-term debt
-€156,416
Contributions, distributions and other
-€315,000
Cash 2025
€61,414
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,141,392 | €2,101,921 | -€39,471 | -1.8% |
| Fixed assets | 21/28 | €2,039,824 | €2,036,649 | -€3,175 | -0.2% |
| Tangible fixed assets | 22/27 | €7,824 | €4,649 | -€3,175 | -40.6% |
| Furniture and vehicles | 24 | €7,824 | €4,649 | -€3,175 | -40.6% |
| Financial fixed assets | 28 | €2,032,000 | €2,032,000 | = | 0.0% |
| Current assets | 29/58 | €101,568 | €65,272 | -€36,296 | -35.7% |
| Amounts receivable within one year | 40/41 | €0 | €3,790 | +€3,790 | |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | - | €3,790 | +€3,790 | |
| Cash at bank and in hand | 54/58 | €101,532 | €61,414 | -€40,118 | -39.5% |
| Deferred charges and accrued income | 490/1 | €36 | €68 | +€32 | +89.2% |
| Total equity and liabilities | 10/49 | €2,141,392 | €2,101,921 | -€39,471 | -1.8% |
| Equity | 10/15 | €1,083,744 | €1,026,332 | -€57,413 | -5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,063,284 | €1,005,872 | -€57,413 | -5.4% |
| Amounts payable | 17/49 | €1,057,647 | €1,075,589 | +€17,942 | +1.7% |
| Amounts payable after more than one year | 17 | €811,000 | €811,000 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €811,000 | €811,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €226,389 | €240,876 | +€14,487 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €156,416 | €0 | -€156,416 | -100% |
| Trade debts | 44 | €2,434 | €3,817 | +€1,383 | +56.8% |
| Suppliers | 440/4 | €2,434 | €3,817 | +€1,383 | +56.8% |
| Taxes, remuneration and social security | 45 | €2,246 | €0 | -€2,246 | -100% |
| Taxes | 450/3 | €2,246 | €0 | -€2,246 | -100% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €65,294 | €237,059 | +€171,765 | +263% |
| Accrued charges and deferred income | 492/3 | €20,259 | €23,713 | +€3,455 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,091 | €4,118 | -€3,973 | -49.1% |
| Other operating charges | 640/8 | €1,150 | €1,171 | +€21 | +1.8% |
| Gross operating margin | 9900 | €111,205 | €86,732 | -€24,472 | -22.0% |
| Operating profit (loss) | 9901 | €101,964 | €81,444 | -€20,520 | -20.1% |
| Financial income | 75/76B | €353,500 | €201,500 | -€152,000 | -43.0% |
| Recurring financial income | 75 | €353,500 | €201,500 | -€152,000 | -43.0% |
| Financial charges | 65/66B | €4,606 | €4,146 | -€460 | -10.0% |
| Recurring financial charges | 65 | €4,606 | €4,146 | -€460 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €450,858 | €278,798 | -€172,060 | -38.2% |
| Income taxes | 67/77 | €26,246 | €21,210 | -€5,035 | -19.2% |
| Profit (loss) for the period | 9904 | €424,612 | €257,587 | -€167,025 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €424,612 | €257,587 | -€167,025 | -39.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.