HPP: 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.
HPP
Largest movements
- Cash +€35,953
up €35,953 (+141.7%), from €25,366 to €61,319
mainly Net result for the year (+€40,211) and Receivables within one year (+€2,327)
- Receivables after one year +€7,500
up €7,500 (+25.0%), from €30,000 to €37,500
- Receivables within one year -€2,327
down €2,327 (-79.5%), from €2,926 to €598
of which Trade receivables: -€2,220
- Reserves +€40,211
up €40,211 (+95.2%), from €42,225 to €82,436
- Gross operating margin -€2,255
down €2,255 (-4.0%), from €56,017 to €53,762
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 | €59,378 | €99,960 | +€40,583 | +68.3% |
| Fixed assets | 21/28 | €1,086 | €543 | -€543 | -50.0% |
| Tangible fixed assets | 22/27 | €1,086 | €543 | -€543 | -50.0% |
| Furniture and vehicles | 24 | €1,086 | €543 | -€543 | -50.0% |
| Current assets | 29/58 | €58,292 | €99,417 | +€41,126 | +70.6% |
| Amounts receivable after more than one year | 29 | €30,000 | €37,500 | +€7,500 | +25.0% |
| Other amounts receivable | 291 | €30,000 | €37,500 | +€7,500 | +25.0% |
| Amounts receivable within one year | 40/41 | €2,926 | €598 | -€2,327 | -79.5% |
| Trade receivables | 40 | €2,819 | €598 | -€2,220 | -78.8% |
| Other amounts receivable | 41 | €107 | - | -€107 | |
| Cash at bank and in hand | 54/58 | €25,366 | €61,319 | +€35,953 | +141.7% |
| Total equity and liabilities | 10/49 | €59,378 | €99,960 | +€40,583 | +68.3% |
| Equity | 10/15 | €47,225 | €87,436 | +€40,211 | +85.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,225 | €82,436 | +€40,211 | +95.2% |
| Distributable reserves | 133 | €42,225 | €82,436 | +€40,211 | +95.2% |
| Amounts payable | 17/49 | €12,153 | €12,525 | +€372 | +3.1% |
| Amounts payable within one year | 42/48 | €12,153 | €12,125 | -€28 | -0.2% |
| Taxes, remuneration and social security | 45 | €11,717 | €11,380 | -€337 | -2.9% |
| Taxes | 450/3 | €11,717 | €11,380 | -€337 | -2.9% |
| Other amounts payable | 47/48 | €436 | €745 | +€309 | +70.8% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €543 | €543 | = | 0.0% |
| Other operating charges | 640/8 | €1,907 | €2,435 | +€528 | +27.7% |
| Gross operating margin | 9900 | €56,017 | €53,762 | -€2,255 | -4.0% |
| Operating profit (loss) | 9901 | €53,567 | €50,784 | -€2,783 | -5.2% |
| Financial income | 75/76B | €375 | €844 | +€469 | +125.0% |
| Recurring financial income | 75 | €375 | €844 | +€469 | +125.0% |
| Financial charges | 65/66B | €0 | €37 | +€37 | +366400.0% |
| Recurring financial charges | 65 | €0 | €37 | +€37 | +366400.0% |
| Profit (loss) for the period before taxes | 9903 | €53,942 | €51,591 | -€2,351 | -4.4% |
| Income taxes | 67/77 | €11,717 | €11,380 | -€337 | -2.9% |
| Profit (loss) for the period | 9904 | €42,225 | €40,211 | -€2,014 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,225 | €40,211 | -€2,014 | -4.8% |
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 8 October 2026 via checked.be.