HS COMPANY: 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.
HS COMPANY
Largest movements
- Stocks and contracts +€21,136
up €21,136 (+247%), from €8,561 to €29,697
- Receivables within one year +€17,534
up €17,534 (+10.6%), from €164,648 to €182,181
of which Trade receivables: +€21,469
- Tangible fixed assets -€12,138
down €12,138 (-66.0%), from €18,383 to €6,245
of which Plant, machinery and equipment: -€6,387
- Cash +€6,001
up €6,001 (+61.6%), from €9,736 to €15,737
mainly Trade debts (+€43,971) and Depreciation (+€12,138)
- Trade debts +€43,971
up €43,971 (+37.9%), from €116,137 to €160,108
- Other debts -€19,685
no longer reported in 2024 (was €19,685)
- Profit (loss) carried forward +€9,685
up €9,685 (+23.8%), from €40,664 to €50,349
- Gross operating margin -€15,903
down €15,903 (-20.7%), from €76,751 to €60,848
- Staff costs +€5,128
new in 2024: €5,128
- Other operating charges -€2,045
down €2,045 (-27.3%), from €7,484 to €5,439
- Depreciation -€1,630
down €1,630 (-11.8%), from €13,768 to €12,138
- Taxes +€913
up €913 (+15.5%), from €5,889 to €6,802
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.
Derived cash bridge
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 | €211,228 | €243,761 | +€32,533 | +15.4% |
| Fixed assets | 21/28 | €28,283 | €16,145 | -€12,138 | -42.9% |
| Tangible fixed assets | 22/27 | €18,383 | €6,245 | -€12,138 | -66.0% |
| Plant, machinery and equipment | 23 | €9,193 | €2,806 | -€6,387 | -69.5% |
| Furniture and vehicles | 24 | €6,366 | €3,300 | -€3,066 | -48.2% |
| Other tangible fixed assets | 26 | €2,824 | €140 | -€2,684 | -95.1% |
| Financial fixed assets | 28 | €9,900 | €9,900 | = | 0.0% |
| Current assets | 29/58 | €182,945 | €227,616 | +€44,670 | +24.4% |
| Stocks and contracts in progress | 3 | €8,561 | €29,697 | +€21,136 | +247% |
| Stocks | 30/36 | €8,561 | €29,697 | +€21,136 | +247% |
| Amounts receivable within one year | 40/41 | €164,648 | €182,181 | +€17,534 | +10.6% |
| Trade receivables | 40 | €138,672 | €160,141 | +€21,469 | +15.5% |
| Other amounts receivable | 41 | €25,976 | €22,041 | -€3,935 | -15.1% |
| Cash at bank and in hand | 54/58 | €9,736 | €15,737 | +€6,001 | +61.6% |
| Total equity and liabilities | 10/49 | €211,228 | €243,761 | +€32,533 | +15.4% |
| Equity | 10/15 | €60,664 | €70,349 | +€9,685 | +16.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,664 | €50,349 | +€9,685 | +23.8% |
| Amounts payable | 17/49 | €150,564 | €173,412 | +€22,848 | +15.2% |
| Amounts payable within one year | 42/48 | €150,564 | €173,412 | +€22,848 | +15.2% |
| Trade debts | 44 | €116,137 | €160,108 | +€43,971 | +37.9% |
| Suppliers | 440/4 | €116,137 | €160,108 | +€43,971 | +37.9% |
| Taxes, remuneration and social security | 45 | €14,743 | €13,304 | -€1,439 | -9.8% |
| Taxes | 450/3 | €13,543 | €12,691 | -€852 | -6.3% |
| Remuneration and social security | 454/9 | €1,200 | €614 | -€586 | -48.9% |
| Other amounts payable | 47/48 | €19,685 | - | -€19,685 | |
| Remuneration, social security and pensions | 62 | - | €5,128 | +€5,128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,768 | €12,138 | -€1,630 | -11.8% |
| Other operating charges | 640/8 | €7,484 | €5,439 | -€2,045 | -27.3% |
| Non-recurring operating charges | 66A | €36,141 | €19,454 | -€16,686 | -46.2% |
| Gross operating margin | 9900 | €76,751 | €60,848 | -€15,903 | -20.7% |
| Operating profit (loss) | 9901 | €19,360 | €18,689 | -€670 | -3.5% |
| Financial charges | 65/66B | €2,203 | €2,203 | -€1 | 0.0% |
| Recurring financial charges | 65 | €2,203 | €2,203 | -€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €17,156 | €16,487 | -€670 | -3.9% |
| Income taxes | 67/77 | €5,889 | €6,802 | +€913 | +15.5% |
| Profit (loss) for the period | 9904 | €11,268 | €9,685 | -€1,582 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,268 | €9,685 | -€1,582 | -14.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.