HSBA Finances: what changed
Two fiscal 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.
HSBA Finances
Largest movements
- Receivables after one year +€105,500
new in 2024: €105,500
- Receivables within one year -€45,587
down €45,587 (-67.2%), from €67,815 to €22,228
- Tangible fixed assets +€36,594
up €36,594 (+134.3%), from €27,245 to €63,839
of which Furniture and vehicles: +€32,318
- Intangible fixed assets -€23,500
down €23,500 (-13.4%), from €175,123 to €151,623
- Cash +€14,129
up €14,129 (+61.8%), from €22,861 to €36,990
mainly Net result for the year (+€61,529) and Receivables within one year (+€45,587)
- Profit (loss) carried forward +€61,529
up €61,529 (+379.1%), from €16,230 to €77,759
- Debts after one year +€30,836
up €30,836 (+19.0%), from €162,319 to €193,156
- Current portion of long-term debt +€8,433
up €8,433 (+28.6%), from €29,463 to €37,896
- Trade debts -€7,998
down €7,998 (-54.8%), from €14,584 to €6,586
- Tax, wage and social debts -€5,665
down €5,665 (-8.8%), from €64,657 to €58,992
of which Remuneration and social security: -€11,980
- Staff costs -€23,810
down €23,810 (-18.7%), from €127,174 to €103,364
- Gross operating margin +€19,646
up €19,646 (+9.2%), from €212,439 to €232,085
- Taxes +€8,702
up €8,702 (+87.0%), from €10,000 to €18,702
- Other operating charges +€4,078
up €4,078 (+274.8%), from €1,484 to €5,562
- Financial charges +€3,843
up €3,843 (+151.3%), from €2,540 to €6,382
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,045 | €380,180 | +€87,136 | +29.7% |
| Fixed assets | 21/28 | €202,368 | €215,463 | +€13,094 | +6.5% |
| Intangible fixed assets | 21 | €175,123 | €151,623 | -€23,500 | -13.4% |
| Tangible fixed assets | 22/27 | €27,245 | €63,839 | +€36,594 | +134.3% |
| Plant, machinery and equipment | 23 | - | €803 | +€803 | |
| Furniture and vehicles | 24 | €24,845 | €57,163 | +€32,318 | +130.1% |
| Other tangible fixed assets | 26 | €2,400 | €5,873 | +€3,473 | +144.7% |
| Current assets | 29/58 | €90,676 | €164,718 | +€74,041 | +81.7% |
| Amounts receivable after more than one year | 29 | - | €105,500 | +€105,500 | |
| Other amounts receivable | 291 | - | €105,500 | +€105,500 | |
| Amounts receivable within one year | 40/41 | €67,815 | €22,228 | -€45,587 | -67.2% |
| Other amounts receivable | 41 | €67,815 | €22,228 | -€45,587 | -67.2% |
| Cash at bank and in hand | 54/58 | €22,861 | €36,990 | +€14,129 | +61.8% |
| Total equity and liabilities | 10/49 | €293,045 | €380,180 | +€87,136 | +29.7% |
| Equity | 10/15 | €21,230 | €82,759 | +€61,529 | +289.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | €16,230 | €77,759 | +€61,529 | +379.1% |
| Amounts payable | 17/49 | €271,815 | €297,421 | +€25,606 | +9.4% |
| Amounts payable after more than one year | 17 | €162,319 | €193,156 | +€30,836 | +19.0% |
| Financial debts | 170/4 | €162,319 | €193,156 | +€30,836 | +19.0% |
| Amounts payable within one year | 42/48 | €109,496 | €104,266 | -€5,230 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €29,463 | €37,896 | +€8,433 | +28.6% |
| Financial debts | 43 | €791 | €791 | = | 0.0% |
| Credit institutions | 430/8 | €791 | €791 | = | 0.0% |
| Trade debts | 44 | €14,584 | €6,586 | -€7,998 | -54.8% |
| Suppliers | 440/4 | €14,584 | €6,586 | -€7,998 | -54.8% |
| Taxes, remuneration and social security | 45 | €64,657 | €58,992 | -€5,665 | -8.8% |
| Taxes | 450/3 | €32,422 | €38,737 | +€6,315 | +19.5% |
| Remuneration and social security | 454/9 | €32,234 | €20,254 | -€11,980 | -37.2% |
| Remuneration, social security and pensions | 62 | €127,174 | €103,364 | -€23,810 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,117 | €36,545 | +€2,428 | +7.1% |
| Other operating charges | 640/8 | €1,484 | €5,562 | +€4,078 | +274.8% |
| Gross operating margin | 9900 | €212,439 | €232,085 | +€19,646 | +9.2% |
| Operating profit (loss) | 9901 | €49,664 | €86,614 | +€36,950 | +74.4% |
| Financial charges | 65/66B | €2,540 | €6,382 | +€3,843 | +151.3% |
| Recurring financial charges | 65 | €2,540 | €6,382 | +€3,843 | +151.3% |
| Profit (loss) for the period before taxes | 9903 | €47,124 | €80,232 | +€33,107 | +70.3% |
| Income taxes | 67/77 | €10,000 | €18,702 | +€8,702 | +87.0% |
| Profit (loss) for the period | 9904 | €37,124 | €61,529 | +€24,405 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,124 | €61,529 | +€24,405 | +65.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.