HS TRANS: 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 TRANS
Largest movements
- Receivables within one year +€138,266
up €138,266 (+320%), from €43,192 to €181,458
of which Other amounts receivable: +€120,415
- Tangible fixed assets -€21,881
down €21,881 (-23.0%), from €95,071 to €73,189
of which Furniture and vehicles: -€11,679
- Cash +€13,348
up €13,348 (+33.0%), from €40,441 to €53,789
mainly Tax, wage and social debts (+€74,979) and Depreciation (+€37,178)
- Tax, wage and social debts +€74,979
up €74,979 (+130%), from €57,592 to €132,572
of which Remuneration and social security: +€60,922
- Profit (loss) carried forward +€34,178
up €34,178 (+68.0%), from €50,248 to €84,426
- Trade debts +€32,274
up €32,274 (+47.1%), from €68,561 to €100,835
- Debts after one year -€10,730
down €10,730 (-65.5%), from €16,376 to €5,646
- Gross operating margin +€167,786
up €167,786 (+68.5%), from €244,802 to €412,588
- Staff costs +€150,076
up €150,076 (+79.5%), from €188,701 to €338,778
- Financial income +€9,633
new in 2025: €9,633
of which Financial income: +€9,633
- Depreciation +€5,496
up €5,496 (+17.3%), from €31,682 to €37,178
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 | €199,419 | €327,637 | +€128,218 | +64.3% |
| Fixed assets | 21/28 | €105,587 | €83,705 | -€21,881 | -20.7% |
| Tangible fixed assets | 22/27 | €95,071 | €73,189 | -€21,881 | -23.0% |
| Plant, machinery and equipment | 23 | €9,587 | €7,190 | -€2,397 | -25.0% |
| Furniture and vehicles | 24 | €55,562 | €43,883 | -€11,679 | -21.0% |
| Leasing and similar rights | 25 | €29,922 | €22,116 | -€7,806 | -26.1% |
| Financial fixed assets | 28 | €10,516 | €10,516 | = | 0.0% |
| Current assets | 29/58 | €93,832 | €243,932 | +€150,099 | +160% |
| Amounts receivable within one year | 40/41 | €43,192 | €181,458 | +€138,266 | +320% |
| Trade receivables | 40 | €31,671 | €49,522 | +€17,851 | +56.4% |
| Other amounts receivable | 41 | €11,520 | €131,936 | +€120,415 | +1,045% |
| Cash at bank and in hand | 54/58 | €40,441 | €53,789 | +€13,348 | +33.0% |
| Deferred charges and accrued income | 490/1 | €10,200 | €8,685 | -€1,514 | -14.8% |
| Total equity and liabilities | 10/49 | €199,419 | €327,637 | +€128,218 | +64.3% |
| Equity | 10/15 | €54,407 | €88,585 | +€34,178 | +62.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €159 | €159 | = | 0.0% |
| Non-distributable reserves | 130/1 | €159 | €159 | = | 0.0% |
| Reserves not available under the articles | 1311 | €159 | €159 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,248 | €84,426 | +€34,178 | +68.0% |
| Amounts payable | 17/49 | €145,012 | €239,052 | +€94,040 | +64.9% |
| Amounts payable after more than one year | 17 | €16,376 | €5,646 | -€10,730 | -65.5% |
| Financial debts | 170/4 | €16,376 | €5,646 | -€10,730 | -65.5% |
| Amounts payable within one year | 42/48 | €128,636 | €233,406 | +€104,771 | +81.4% |
| Current portion of amounts payable after more than one year | 42 | €2,483 | - | -€2,483 | |
| Trade debts | 44 | €68,561 | €100,835 | +€32,274 | +47.1% |
| Suppliers | 440/4 | €68,561 | €100,835 | +€32,274 | +47.1% |
| Taxes, remuneration and social security | 45 | €57,592 | €132,572 | +€74,979 | +130% |
| Taxes | 450/3 | €16,443 | €30,500 | +€14,057 | +85.5% |
| Remuneration and social security | 454/9 | €41,150 | €102,072 | +€60,922 | +148% |
| Remuneration, social security and pensions | 62 | €188,701 | €338,778 | +€150,076 | +79.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,682 | €37,178 | +€5,496 | +17.3% |
| Other operating charges | 640/8 | €2,020 | €3,587 | +€1,568 | +77.6% |
| Non-recurring operating charges | 66A | €2,500 | €7,083 | +€4,583 | +183% |
| Gross operating margin | 9900 | €244,802 | €412,588 | +€167,786 | +68.5% |
| Operating profit (loss) | 9901 | €19,898 | €25,962 | +€6,063 | +30.5% |
| Financial income | 75/76B | - | €9,633 | +€9,633 | |
| Recurring financial income | 75 | - | €9,633 | +€9,633 | |
| Non-recurring financial income | 76B | - | €9,633 | +€9,633 | |
| Financial charges | 65/66B | €1,333 | €1,417 | +€84 | +6.3% |
| Recurring financial charges | 65 | €1,333 | €1,417 | +€84 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €18,565 | €34,178 | +€15,612 | +84.1% |
| Profit (loss) for the period | 9904 | €18,565 | €34,178 | +€15,612 | +84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,565 | €34,178 | +€15,612 | +84.1% |
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 14 October 2026 via checked.be.