HS MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€1,664
down €1,664 (-71.0%), from €2,343 to €679
mainly Net result for the year (-€20,652) and Trade debts (-€387)
- Profit (loss) carried forward -€20,652
down €20,652 (-15.4%), from -€133,933 to -€154,585
- Other debts +€18,887
up €18,887 (+28.6%), from €66,088 to €84,976
- Gross operating margin -€385
down €385 (-2.0%), from -€19,587 to -€19,972
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 | €56,802 | €55,050 | -€1,752 | -3.1% |
| Fixed assets | 21/28 | €53,921 | €53,921 | = | 0.0% |
| Tangible fixed assets | 22/27 | €53,921 | €53,921 | = | 0.0% |
| Furniture and vehicles | 24 | €53,921 | €53,921 | = | 0.0% |
| Current assets | 29/58 | €2,882 | €1,129 | -€1,752 | -60.8% |
| Cash at bank and in hand | 54/58 | €2,343 | €679 | -€1,664 | -71.0% |
| Deferred charges and accrued income | 490/1 | €538 | €450 | -€88 | -16.3% |
| Total equity and liabilities | 10/49 | €56,802 | €55,050 | -€1,752 | -3.1% |
| Equity | 10/15 | -€9,673 | -€30,325 | -€20,652 | -213% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €111,860 | €111,860 | = | 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 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,933 | -€154,585 | -€20,652 | -15.4% |
| Amounts payable | 17/49 | €66,476 | €85,375 | +€18,900 | +28.4% |
| Amounts payable within one year | 42/48 | €66,476 | €84,976 | +€18,500 | +27.8% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Other amounts payable | 47/48 | €66,088 | €84,976 | +€18,887 | +28.6% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€19,587 | -€19,972 | -€385 | -2.0% |
| Operating profit (loss) | 9901 | -€19,974 | -€20,372 | -€398 | -2.0% |
| Financial charges | 65/66B | €243 | €280 | +€38 | +15.6% |
| Recurring financial charges | 65 | €243 | €280 | +€38 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,217 | -€20,652 | -€435 | -2.2% |
| Profit (loss) for the period | 9904 | -€20,217 | -€20,652 | -€435 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,217 | -€20,652 | -€435 | -2.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.