HPS+: 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.
HPS+
Largest movements
- Cash -€35,928
down €35,928 (-59.4%), from €60,435 to €24,506
mainly Receivables within one year (-€22,597) and Trade debts (-€12,723)
- Receivables within one year +€22,597
up €22,597 (+17.5%), from €128,801 to €151,398
of which Other amounts receivable: +€18,029
- Tangible fixed assets -€15,170
down €15,170 (-11.4%), from €132,786 to €117,616
of which Land and buildings: -€16,044
- Trade debts -€12,723
down €12,723 (-83.4%), from €15,257 to €2,535
- Debts after one year -€12,665
down €12,665 (-14.0%), from €90,152 to €77,488
- Tax, wage and social debts -€8,756
down €8,756 (-17.4%), from €50,465 to €41,709
- Gross operating margin -€37,064
down €37,064 (-41.6%), from €89,121 to €52,057
- Financial charges +€28,347
up €28,347 (+887.0%), from €3,196 to €31,543
- Taxes -€18,295
down €18,295 (-89.8%), from €20,384 to €2,089
- Financial income +€2,058
up €2,058 (+34.8%), from €5,921 to €7,979
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,535 | €324,564 | -€31,971 | -9.0% |
| Fixed assets | 21/28 | €132,786 | €117,616 | -€15,170 | -11.4% |
| Tangible fixed assets | 22/27 | €132,786 | €117,616 | -€15,170 | -11.4% |
| Land and buildings | 22 | €117,759 | €101,715 | -€16,044 | -13.6% |
| Plant, machinery and equipment | 23 | €3,895 | €7,433 | +€3,538 | +90.8% |
| Furniture and vehicles | 24 | €9,792 | €7,374 | -€2,419 | -24.7% |
| Other tangible fixed assets | 26 | €1,339 | €1,094 | -€246 | -18.3% |
| Current assets | 29/58 | €223,748 | €206,948 | -€16,800 | -7.5% |
| Stocks and contracts in progress | 3 | €31,943 | €29,323 | -€2,620 | -8.2% |
| Stocks | 30/36 | €31,943 | €29,323 | -€2,620 | -8.2% |
| Amounts receivable within one year | 40/41 | €128,801 | €151,398 | +€22,597 | +17.5% |
| Trade receivables | 40 | €3,669 | €8,237 | +€4,568 | +124.5% |
| Other amounts receivable | 41 | €125,132 | €143,161 | +€18,029 | +14.4% |
| Cash at bank and in hand | 54/58 | €60,435 | €24,506 | -€35,928 | -59.4% |
| Deferred charges and accrued income | 490/1 | €2,570 | €1,721 | -€849 | -33.0% |
| Total equity and liabilities | 10/49 | €356,535 | €324,564 | -€31,971 | -9.0% |
| Equity | 10/15 | €186,498 | €187,505 | +€1,007 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,381 | €81,388 | +€1,007 | +1.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,068 | €3,068 | = | 0.0% |
| Distributable reserves | 133 | €75,453 | €76,459 | +€1,007 | +1.3% |
| Profit (loss) carried forward | 14 | €87,517 | €87,517 | = | 0.0% |
| Amounts payable | 17/49 | €170,037 | €137,059 | -€32,977 | -19.4% |
| Amounts payable after more than one year | 17 | €90,152 | €77,488 | -€12,665 | -14.0% |
| Financial debts | 170/4 | €90,152 | €77,488 | -€12,665 | -14.0% |
| Amounts payable within one year | 42/48 | €79,884 | €58,750 | -€21,135 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €12,321 | €12,665 | +€344 | +2.8% |
| Trade debts | 44 | €15,257 | €2,535 | -€12,723 | -83.4% |
| Suppliers | 440/4 | €15,257 | €2,535 | -€12,723 | -83.4% |
| Advances received on contracts in progress | 46 | €1,841 | €1,841 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €50,465 | €41,709 | -€8,756 | -17.4% |
| Taxes | 450/3 | €50,465 | €41,709 | -€8,756 | -17.4% |
| Accrued charges and deferred income | 492/3 | - | €822 | +€822 | |
| Non-recurring operating income | 76A | €25,000 | €292 | -€24,708 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,811 | €21,042 | +€232 | +1.1% |
| Other operating charges | 640/8 | €2,648 | €2,140 | -€508 | -19.2% |
| Non-recurring operating charges | 66A | - | €2,215 | +€2,215 | |
| Gross operating margin | 9900 | €89,121 | €52,057 | -€37,064 | -41.6% |
| Operating profit (loss) | 9901 | €65,663 | €26,660 | -€39,003 | -59.4% |
| Financial income | 75/76B | €5,921 | €7,979 | +€2,058 | +34.8% |
| Recurring financial income | 75 | €5,921 | €7,979 | +€2,058 | +34.8% |
| Financial charges | 65/66B | €3,196 | €31,543 | +€28,347 | +887.0% |
| Recurring financial charges | 65 | €3,196 | €31,543 | +€28,347 | +887.0% |
| Profit (loss) for the period before taxes | 9903 | €68,388 | €3,096 | -€65,292 | -95.5% |
| Income taxes | 67/77 | €20,384 | €2,089 | -€18,295 | -89.8% |
| Profit (loss) for the period | 9904 | €48,003 | €1,007 | -€46,997 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,003 | €1,007 | -€46,997 | -97.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.