HS CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€2,620
up €2,620 (+7.1%), from €36,656 to €39,276
of which Other amounts receivable: +€2,368
- Cash +€1,598
up €1,598 (+113%), from €1,412 to €3,010
mainly Other debts (+€13,301) and Depreciation (+€4,632)
- Tangible fixed assets -€732
down €732 (-4.9%), from €14,971 to €14,239
of which Plant, machinery and equipment: -€2,066
- Other debts +€13,301
new in 2025: €13,301
- Profit (loss) carried forward -€9,337
down €9,337 (-93.0%), from €10,044 to €707
- Trade debts -€571
down €571 (-1.9%), from €30,168 to €29,597
- Gross operating margin -€18,925
down €18,925, from €17,851 to -€1,075
- Taxes -€2,378
no longer reported in 2025 (was €2,378)
- Depreciation +€1,886
up €1,886 (+68.7%), from €2,746 to €4,632
- Financial charges +€1,322
up €1,322 (+154%), from €859 to €2,181
- Staff costs -€705
no longer reported in 2025 (was €705)
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.
Derived cash bridge
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 | €53,069 | €56,525 | +€3,456 | +6.5% |
| Fixed assets | 21/28 | €14,971 | €14,239 | -€732 | -4.9% |
| Tangible fixed assets | 22/27 | €14,971 | €14,239 | -€732 | -4.9% |
| Plant, machinery and equipment | 23 | €14,971 | €12,906 | -€2,066 | -13.8% |
| Furniture and vehicles | 24 | - | €1,333 | +€1,333 | |
| Current assets | 29/58 | €38,098 | €42,286 | +€4,189 | +11.0% |
| Amounts receivable within one year | 40/41 | €36,656 | €39,276 | +€2,620 | +7.1% |
| Trade receivables | 40 | €34,622 | €34,875 | +€252 | +0.7% |
| Other amounts receivable | 41 | €2,034 | €4,402 | +€2,368 | +116% |
| Cash at bank and in hand | 54/58 | €1,412 | €3,010 | +€1,598 | +113% |
| Deferred charges and accrued income | 490/1 | €30 | - | -€30 | |
| Total equity and liabilities | 10/49 | €53,069 | €56,525 | +€3,456 | +6.5% |
| Equity | 10/15 | €20,044 | €10,707 | -€9,337 | -46.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,044 | €707 | -€9,337 | -93.0% |
| Amounts payable | 17/49 | €33,025 | €45,818 | +€12,793 | +38.7% |
| Amounts payable within one year | 42/48 | €33,025 | €45,818 | +€12,793 | +38.7% |
| Trade debts | 44 | €30,168 | €29,597 | -€571 | -1.9% |
| Suppliers | 440/4 | €30,168 | €29,597 | -€571 | -1.9% |
| Taxes, remuneration and social security | 45 | €2,857 | €2,921 | +€63 | +2.2% |
| Taxes | 450/3 | €2,857 | €2,921 | +€63 | +2.2% |
| Other amounts payable | 47/48 | - | €13,301 | +€13,301 | |
| Remuneration, social security and pensions | 62 | €705 | - | -€705 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,746 | €4,632 | +€1,886 | +68.7% |
| Other operating charges | 640/8 | €1,204 | €1,450 | +€245 | +20.4% |
| Gross operating margin | 9900 | €17,851 | -€1,075 | -€18,925 | |
| Operating profit (loss) | 9901 | €13,195 | -€7,157 | -€20,352 | |
| Financial income | 75/76B | €85 | €0 | -€85 | -99.8% |
| Recurring financial income | 75 | €85 | €0 | -€85 | -99.8% |
| Financial charges | 65/66B | €859 | €2,181 | +€1,322 | +154% |
| Recurring financial charges | 65 | €859 | €2,181 | +€1,322 | +154% |
| Profit (loss) for the period before taxes | 9903 | €12,421 | -€9,337 | -€21,758 | |
| Income taxes | 67/77 | €2,378 | - | -€2,378 | |
| Profit (loss) for the period | 9904 | €10,044 | -€9,337 | -€19,381 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,044 | -€9,337 | -€19,381 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.