HSBCAD: 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.
What changed
HSBCAD
NACE 62.200, Computer consultancy and computer facilities management
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€522,416
2024 · €1.2m-€696,421
Equity
€5.4m
2024 · €6.8m-€1.5m
Cash
€1.5m
2024 · €2.9m-€1.4m
Balance sheet total
€6.7m
2024 · €9.0m-€2.3m
Largest movements
Assets
- Cash -€1.4m
down €1.4m (-48.9%), from €2.9m to €1.5m
mainly Contributions, distributions and other (-€2.0m) and Investment in fixed assets (net) (-€1.1m)
- Receivables within one year -€876,430
down €876,430 (-43.0%), from €2.0m to €1.2m
of which Trade receivables: -€1.0m
Equity and liabilities
- Trade debts -€1.0m
down €1.0m (-73.1%), from €1.4m to €382,692
- Contributions -€1.0m
down €1.0m (-25.6%), from €3.9m to €2.9m
- Tax, wage and social debts -€565,841
down €565,841 (-75.8%), from €746,768 to €180,927
of which Remuneration and social security: -€377,744
- Other debts +€493,096
up €493,096 (+23645.6%), from €2,085 to €495,182
- Reserves -€477,584
down €477,584 (-16.3%), from €2.9m to €2.4m
of which Distributable reserves: -€455,285
Income statement
- Gross operating margin -€5.1m
no longer reported in 2025 (was €5.1m)
- Turnover +€4.8m
new in 2025: €4.8m
- Services and other goods +€4.4m
new in 2025: €4.4m
- Other operating income +€2.7m
new in 2025: €2.7m
- Depreciation +€262,393
up €262,393 (+30.2%), from €869,383 to €1.1m
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.
Result 2024
€1.2m
Turnover
+€4.8m
Other operating income
+€2.7m
Services and other goods
-€4.4m
Staff costs
+€140,250
Depreciation
-€262,393
Write-downs
+€40,450
Other operating charges
+€18,902
Other operating items
-€4.0m
Financial income
-€2,727
Financial charges
+€40,460
Taxes
+€214,866
Result 2025
€522,416
Cash bridge derived
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.
From operations
+€1.7m
Investment
-€1.1m
Financing
-€2.0m
Cash 2024
€2.9m
From operations (derived)
+€1.7m
Net result for the year
+€522,416
Depreciation
+€1.1m
Receivables within one year
+€876,430
Deferred charges and accrued income
-€42,010
Trade debts
-€1.0m
Tax, wage and social debts
-€565,841
Other debts
+€493,096
Accrued charges and deferred income
+€322,396
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Current investments
+€10,892
Financing
-€2.0m
Contributions, distributions and other
-€2.0m
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,009,717 | €6,740,580 | -€2.3m | -25.2% |
| Fixed assets | 21/28 | €4,007,152 | €3,978,874 | -€28,278 | -0.7% |
| Intangible fixed assets | 21 | €3,433,758 | €3,401,397 | -€32,361 | -0.9% |
| Tangible fixed assets | 22/27 | €271,844 | €250,132 | -€21,712 | -8.0% |
| Plant, machinery and equipment | 23 | €60,944 | €73,345 | +€12,401 | +20.3% |
| Furniture and vehicles | 24 | €13,880 | €302 | -€13,577 | -97.8% |
| Other tangible fixed assets | 26 | €197,020 | €176,485 | -€20,536 | -10.4% |
| Financial fixed assets | 28 | €301,549 | €327,344 | +€25,795 | +8.6% |
| Affiliated companies | 280/1 | - | €320,321 | +€320,321 | |
| Participating interests | 280 | - | €320,321 | +€320,321 | |
| Other financial fixed assets | 284/8 | - | €7,023 | +€7,023 | |
| Amounts receivable and cash guarantees | 285/8 | - | €7,023 | +€7,023 | |
| Current assets | 29/58 | €5,002,565 | €2,761,706 | -€2.2m | -44.8% |
| Amounts receivable within one year | 40/41 | €2,040,562 | €1,164,132 | -€876,430 | -43.0% |
| Trade receivables | 40 | €1,746,081 | €741,254 | -€1.0m | -57.5% |
| Other amounts receivable | 41 | €294,481 | €422,878 | +€128,397 | +43.6% |
| Current investments | 50/53 | €31,562 | €20,670 | -€10,892 | -34.5% |
| Other investments | 51/53 | - | €20,670 | +€20,670 | |
| Cash at bank and in hand | 54/58 | €2,855,032 | €1,459,485 | -€1.4m | -48.9% |
| Deferred charges and accrued income | 490/1 | €75,409 | €117,419 | +€42,010 | +55.7% |
| Total equity and liabilities | 10/49 | €9,009,717 | €6,740,580 | -€2.3m | -25.2% |
| Equity | 10/15 | €6,836,967 | €5,359,383 | -€1.5m | -21.6% |
| Contributions | 10/11 | €3,912,620 | €2,912,620 | -€1.0m | -25.6% |
| Capital | 10 | €3,912,620 | - | -€3.9m | |
| Issued capital | 100 | €3,912,620 | - | -€3.9m | |
| Reserves | 13 | €2,924,347 | €2,446,763 | -€477,584 | -16.3% |
| Non-distributable reserves | 130/1 | €22,299 | - | -€22,299 | |
| Legal reserve | 130 | €22,299 | - | -€22,299 | |
| Tax-exempt reserves | 132 | €7,635 | €7,635 | = | 0.0% |
| Distributable reserves | 133 | €2,894,413 | €2,439,128 | -€455,285 | -15.7% |
| Amounts payable | 17/49 | €2,172,750 | €1,381,197 | -€791,554 | -36.4% |
| Amounts payable within one year | 42/48 | €2,172,750 | €1,058,801 | -€1.1m | -51.3% |
| Trade debts | 44 | €1,423,897 | €382,692 | -€1.0m | -73.1% |
| Suppliers | 440/4 | €1,423,897 | €382,692 | -€1.0m | -73.1% |
| Taxes, remuneration and social security | 45 | €746,768 | €180,927 | -€565,841 | -75.8% |
| Taxes | 450/3 | €250,926 | €62,830 | -€188,096 | -75.0% |
| Remuneration and social security | 454/9 | €495,842 | €118,097 | -€377,744 | -76.2% |
| Other amounts payable | 47/48 | €2,085 | €495,182 | +€493,096 | +23645.6% |
| Accrued charges and deferred income | 492/3 | - | €322,396 | +€322,396 | |
| Operating income | 70/76A | - | €8,612,391 | +€8.6m | |
| Turnover | 70 | - | €4,847,341 | +€4.8m | |
| Own construction capitalised | 72 | - | €1,033,097 | +€1.0m | |
| Other operating income | 74 | - | €2,720,061 | +€2.7m | |
| Non-recurring operating income | 76A | €36,517 | €11,892 | -€24,625 | -67.4% |
| Operating charges | 60/66A | - | €7,825,943 | +€7.8m | |
| Services and other goods | 61 | - | €4,428,275 | +€4.4m | |
| Remuneration, social security and pensions | 62 | €2,287,180 | €2,146,930 | -€140,250 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €869,383 | €1,131,777 | +€262,393 | +30.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45,877 | €5,427 | -€40,450 | -88.2% |
| Other operating charges | 640/8 | €29,228 | €10,325 | -€18,902 | -64.7% |
| Non-recurring operating charges | 66A | €92,473 | €103,209 | +€10,736 | +11.6% |
| Gross operating margin | 9900 | €5,059,608 | - | -€5.1m | |
| Operating profit (loss) | 9901 | €1,735,467 | €786,448 | -€949,019 | -54.7% |
| Financial income | 75/76B | €12,407 | €9,680 | -€2,727 | -22.0% |
| Recurring financial income | 75 | €12,407 | €9,680 | -€2,727 | -22.0% |
| Other financial income | 752/9 | - | €9,680 | +€9,680 | |
| Financial charges | 65/66B | €106,084 | €65,624 | -€40,460 | -38.1% |
| Recurring financial charges | 65 | €106,084 | €65,624 | -€40,460 | -38.1% |
| Other financial charges | 652/9 | - | €65,624 | +€65,624 | |
| Profit (loss) for the period before taxes | 9903 | €1,641,790 | €730,503 | -€911,287 | -55.5% |
| Income taxes | 67/77 | €422,953 | €208,087 | -€214,866 | -50.8% |
| Taxes | 670/3 | - | €208,087 | +€208,087 | |
| Profit (loss) for the period | 9904 | €1,218,837 | €522,416 | -€696,421 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,218,837 | €522,416 | -€696,421 | -57.1% |
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 10 October 2026 via checked.be.