HS TRADING: 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 TRADING
Largest movements
- Cash -€8,576
down €8,576 (-33.4%), from €25,652 to €17,075
mainly Other debts (-€18,142) and Tax, wage and social debts (-€14,294)
- Receivables within one year -€5,610
down €5,610 (-13.5%), from €41,539 to €35,929
of which Trade receivables: -€11,436
- Stocks and contracts -€2,050
down €2,050 (-20.5%), from €10,000 to €7,950
- Other debts -€18,142
no longer reported in 2025 (was €18,142)
- Profit (loss) carried forward +€16,476
up €16,476, from -€5,494 to €10,982
- Tax, wage and social debts -€14,294
down €14,294 (-24.7%), from €57,896 to €43,602
of which Taxes: -€26,194
- Purchases and services -€50,964
down €50,964 (-12.3%), from €414,756 to €363,792
- Turnover -€46,606
down €46,606 (-10.9%), from €427,212 to €380,606
- Gross operating margin -€12,456
no longer reported in 2025 (was €12,456)
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 | €77,323 | €60,954 | -€16,369 | -21.2% |
| Fixed assets | 21/28 | €133 | - | -€133 | |
| Financial fixed assets | 28 | €133 | - | -€133 | |
| Current assets | 29/58 | €77,190 | €60,954 | -€16,236 | -21.0% |
| Stocks and contracts in progress | 3 | €10,000 | €7,950 | -€2,050 | -20.5% |
| Stocks | 30/36 | €10,000 | €7,950 | -€2,050 | -20.5% |
| Amounts receivable within one year | 40/41 | €41,539 | €35,929 | -€5,610 | -13.5% |
| Trade receivables | 40 | €41,539 | €30,102 | -€11,436 | -27.5% |
| Other amounts receivable | 41 | - | €5,826 | +€5,826 | |
| Cash at bank and in hand | 54/58 | €25,652 | €17,075 | -€8,576 | -33.4% |
| Total equity and liabilities | 10/49 | €77,323 | €60,954 | -€16,369 | -21.2% |
| Equity | 10/15 | €706 | €17,182 | +€16,476 | +2,334% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Profit (loss) carried forward | 14 | -€5,494 | €10,982 | +€16,476 | |
| Amounts payable | 17/49 | €76,617 | €43,772 | -€32,846 | -42.9% |
| Amounts payable within one year | 42/48 | €76,617 | €43,772 | -€32,846 | -42.9% |
| Trade debts | 44 | €579 | €170 | -€410 | -70.7% |
| Suppliers | 440/4 | €579 | €170 | -€410 | -70.7% |
| Taxes, remuneration and social security | 45 | €57,896 | €43,602 | -€14,294 | -24.7% |
| Taxes | 450/3 | €36,256 | €10,062 | -€26,194 | -72.2% |
| Remuneration and social security | 454/9 | €21,640 | €33,540 | +€11,900 | +55.0% |
| Other amounts payable | 47/48 | €18,142 | - | -€18,142 | |
| Turnover | 70 | €427,212 | €380,606 | -€46,606 | -10.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €414,756 | €363,792 | -€50,964 | -12.3% |
| Other operating charges | 640/8 | €168 | €201 | +€33 | +19.8% |
| Gross operating margin | 9900 | €12,456 | - | -€12,456 | |
| Operating profit (loss) | 9901 | €12,288 | -€201 | -€12,489 | |
| Financial charges | 65/66B | €241 | - | -€241 | |
| Recurring financial charges | 65 | €241 | - | -€241 | |
| Profit (loss) for the period before taxes | 9903 | €12,047 | -€201 | -€12,248 | |
| Profit (loss) for the period | 9904 | €12,047 | -€201 | -€12,248 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,047 | -€201 | -€12,248 |
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 20 October 2026 via checked.be.