HPSB: 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.
HPSB
Largest movements
- Cash +€3,933
up €3,933 (+28.1%), from €13,993 to €17,926
mainly Net result for the year (+€3,887) and Tax, wage and social debts (+€46)
- Reserves +€3,887
up €3,887 (+10.2%), from €38,053 to €41,939
- Gross operating margin -€11,132
down €11,132 (-56.4%), from €19,736 to €8,604
- Taxes -€2,619
down €2,619 (-66.9%), from €3,914 to €1,296
- Other operating charges -€648
down €648 (-16.1%), from €4,025 to €3,377
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 | €375,035 | €378,968 | +€3,933 | +1.0% |
| Fixed assets | 21/28 | €361,042 | €361,042 | = | 0.0% |
| Tangible fixed assets | 22/27 | €361,042 | €361,042 | = | 0.0% |
| Land and buildings | 22 | €361,042 | €361,042 | = | 0.0% |
| Current assets | 29/58 | €13,993 | €17,926 | +€3,933 | +28.1% |
| Cash at bank and in hand | 54/58 | €13,993 | €17,926 | +€3,933 | +28.1% |
| Total equity and liabilities | 10/49 | €375,035 | €378,968 | +€3,933 | +1.0% |
| Equity | 10/15 | €372,785 | €376,672 | +€3,887 | +1.0% |
| Contributions | 10/11 | €334,733 | €334,733 | = | 0.0% |
| Reserves | 13 | €38,053 | €41,939 | +€3,887 | +10.2% |
| Distributable reserves | 133 | €38,053 | €41,939 | +€3,887 | +10.2% |
| Amounts payable | 17/49 | €2,250 | €2,296 | +€46 | +2.0% |
| Amounts payable within one year | 42/48 | €2,250 | €2,296 | +€46 | +2.0% |
| Taxes, remuneration and social security | 45 | €1,414 | €1,460 | +€46 | +3.2% |
| Taxes | 450/3 | €1,414 | €1,460 | +€46 | +3.2% |
| Other amounts payable | 47/48 | €835 | €835 | = | 0.0% |
| Other operating charges | 640/8 | €4,025 | €3,377 | -€648 | -16.1% |
| Gross operating margin | 9900 | €19,736 | €8,604 | -€11,132 | -56.4% |
| Operating profit (loss) | 9901 | €15,711 | €5,228 | -€10,484 | -66.7% |
| Financial charges | 65/66B | €53 | €45 | -€8 | -15.8% |
| Recurring financial charges | 65 | €53 | €45 | -€8 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €15,658 | €5,183 | -€10,475 | -66.9% |
| Income taxes | 67/77 | €3,914 | €1,296 | -€2,619 | -66.9% |
| Profit (loss) for the period | 9904 | €11,743 | €3,887 | -€7,856 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,743 | €3,887 | -€7,856 | -66.9% |
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 30 September 2026 via checked.be.