HSB: 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.
HSB
Largest movements
- Cash +€6,290
up €6,290 (+58.4%), from €10,770 to €17,061
mainly Other debts (+€7,490) and Trade debts (+€3,880)
- Tangible fixed assets +€5,929
up €5,929 (+409%), from €1,449 to €7,378
of which Furniture and vehicles: +€6,186
- Deferred charges and accrued income -€996
down €996 (-33.3%), from €2,993 to €1,997
- Other debts +€7,490
up €7,490 (+10,048%), from €75 to €7,565
- Trade debts +€3,880
up €3,880 (+146%), from €2,652 to €6,532
- Profit (loss) carried forward +€1,027
up €1,027 (+16.7%), from -€6,150 to -€5,123
- Tax, wage and social debts -€1,003
down €1,003 (-20.4%), from €4,909 to €3,906
- Gross operating margin +€3,824
up €3,824 (+123%), from €3,106 to €6,929
- Depreciation +€1,057
up €1,057 (+79.2%), from €1,336 to €2,393
- Other operating charges +€792
up €792 (+71.6%), from €1,106 to €1,898
- Taxes +€325
up €325 (+28.0%), from €1,158 to €1,483
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 | €21,966 | €33,382 | +€11,416 | +52.0% |
| Fixed assets | 21/28 | €7,678 | €13,606 | +€5,929 | +77.2% |
| Intangible fixed assets | 21 | €5,979 | €5,979 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,449 | €7,378 | +€5,929 | +409% |
| Plant, machinery and equipment | 23 | €298 | €41 | -€257 | -86.3% |
| Furniture and vehicles | 24 | €1,151 | €7,337 | +€6,186 | +538% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €14,289 | €19,775 | +€5,487 | +38.4% |
| Stocks and contracts in progress | 3 | €514 | €718 | +€205 | +39.8% |
| Stocks | 30/36 | €514 | €718 | +€205 | +39.8% |
| Amounts receivable within one year | 40/41 | €12 | €0 | -€12 | -100% |
| Other amounts receivable | 41 | €12 | €0 | -€12 | -100% |
| Cash at bank and in hand | 54/58 | €10,770 | €17,061 | +€6,290 | +58.4% |
| Deferred charges and accrued income | 490/1 | €2,993 | €1,997 | -€996 | -33.3% |
| Total equity and liabilities | 10/49 | €21,966 | €33,382 | +€11,416 | +52.0% |
| Equity | 10/15 | €14,310 | €15,337 | +€1,027 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€6,150 | -€5,123 | +€1,027 | +16.7% |
| Amounts payable | 17/49 | €7,656 | €18,045 | +€10,388 | +136% |
| Amounts payable within one year | 42/48 | €7,635 | €18,003 | +€10,367 | +136% |
| Trade debts | 44 | €2,652 | €6,532 | +€3,880 | +146% |
| Suppliers | 440/4 | €2,652 | €6,532 | +€3,880 | +146% |
| Taxes, remuneration and social security | 45 | €4,909 | €3,906 | -€1,003 | -20.4% |
| Taxes | 450/3 | €4,909 | €3,906 | -€1,003 | -20.4% |
| Other amounts payable | 47/48 | €75 | €7,565 | +€7,490 | +10,048% |
| Accrued charges and deferred income | 492/3 | €21 | €42 | +€21 | +99.0% |
| Non-recurring operating income | 76A | €5,889 | €3,868 | -€2,022 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,336 | €2,393 | +€1,057 | +79.2% |
| Other operating charges | 640/8 | €1,106 | €1,898 | +€792 | +71.6% |
| Gross operating margin | 9900 | €3,106 | €6,929 | +€3,824 | +123% |
| Operating profit (loss) | 9901 | €664 | €2,638 | +€1,974 | +298% |
| Financial charges | 65/66B | €112 | €127 | +€16 | +14.1% |
| Recurring financial charges | 65 | €112 | €127 | +€16 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €552 | €2,510 | +€1,959 | +355% |
| Income taxes | 67/77 | €1,158 | €1,483 | +€325 | +28.0% |
| Profit (loss) for the period | 9904 | -€607 | €1,027 | +€1,634 | |
| Profit (loss) for the period to be appropriated | 9905 | -€607 | €1,027 | +€1,634 |
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.