HS-LIVE: 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-LIVE
Largest movements
- Tangible fixed assets -€6,631
down €6,631 (-6.5%), from €102,187 to €95,555
- Receivables within one year -€3,952
down €3,952 (-33.5%), from €11,783 to €7,831
of which Other amounts receivable: -€4,956
- Other debts -€7,655
down €7,655 (-12.6%), from €60,897 to €53,242
- Profit (loss) carried forward -€7,515
down €7,515, from €1,224 to -€6,291
- Accrued charges and deferred income +€4,041
new in 2025: €4,041
- Other operating charges +€11,393
up €11,393 (+795%), from €1,433 to €12,826
- Depreciation +€5,419
up €5,419 (+120%), from €4,506 to €9,925
- Taxes -€3,570
no longer reported in 2025 (was €3,570)
- Financial charges +€3,538
up €3,538 (+596%), from €594 to €4,132
- Gross operating margin +€1,143
up €1,143 (+6.5%), from €17,676 to €18,818
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 | €118,247 | €106,387 | -€11,860 | -10.0% |
| Fixed assets | 21/28 | €102,187 | €95,555 | -€6,631 | -6.5% |
| Tangible fixed assets | 22/27 | €102,187 | €95,555 | -€6,631 | -6.5% |
| Land and buildings | 22 | €3,860 | €3,073 | -€788 | -20.4% |
| Plant, machinery and equipment | 23 | €7,852 | €5,034 | -€2,819 | -35.9% |
| Furniture and vehicles | 24 | €90,474 | €87,449 | -€3,025 | -3.3% |
| Current assets | 29/58 | €16,061 | €10,831 | -€5,229 | -32.6% |
| Stocks and contracts in progress | 3 | €1,500 | €1,000 | -€500 | -33.3% |
| Stocks | 30/36 | €1,500 | €1,000 | -€500 | -33.3% |
| Amounts receivable within one year | 40/41 | €11,783 | €7,831 | -€3,952 | -33.5% |
| Trade receivables | 40 | €4,421 | €5,425 | +€1,004 | +22.7% |
| Other amounts receivable | 41 | €7,362 | €2,406 | -€4,956 | -67.3% |
| Cash at bank and in hand | 54/58 | €2,778 | €2,001 | -€777 | -28.0% |
| Total equity and liabilities | 10/49 | €118,247 | €106,387 | -€11,860 | -10.0% |
| Equity | 10/15 | €53,924 | €46,409 | -€7,515 | -13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,500 | €46,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,640 | €44,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,224 | -€6,291 | -€7,515 | |
| Amounts payable | 17/49 | €64,323 | €59,978 | -€4,345 | -6.8% |
| Amounts payable within one year | 42/48 | €64,323 | €55,938 | -€8,385 | -13.0% |
| Trade debts | 44 | €730 | - | -€730 | |
| Suppliers | 440/4 | €730 | - | -€730 | |
| Taxes, remuneration and social security | 45 | €2,696 | €2,696 | = | 0.0% |
| Taxes | 450/3 | €2,696 | €2,696 | = | 0.0% |
| Other amounts payable | 47/48 | €60,897 | €53,242 | -€7,655 | -12.6% |
| Accrued charges and deferred income | 492/3 | - | €4,041 | +€4,041 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,506 | €9,925 | +€5,419 | +120% |
| Other operating charges | 640/8 | €1,433 | €12,826 | +€11,393 | +795% |
| Non-recurring operating charges | 66A | €2,263 | - | -€2,263 | |
| Gross operating margin | 9900 | €17,676 | €18,818 | +€1,143 | +6.5% |
| Operating profit (loss) | 9901 | €9,474 | -€3,932 | -€13,406 | |
| Financial income | 75/76B | €0 | €549 | +€549 | +5,487,900% |
| Recurring financial income | 75 | €0 | €549 | +€549 | +5,487,900% |
| Financial charges | 65/66B | €594 | €4,132 | +€3,538 | +596% |
| Recurring financial charges | 65 | €594 | €4,132 | +€3,538 | +596% |
| Profit (loss) for the period before taxes | 9903 | €8,880 | -€7,515 | -€16,395 | |
| Income taxes | 67/77 | €3,570 | - | -€3,570 | |
| Profit (loss) for the period | 9904 | €5,310 | -€7,515 | -€12,826 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,310 | -€7,515 | -€12,826 |
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 21 October 2026 via checked.be.