HSBP: 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.
HSBP
Largest movements
- Receivables within one year +€5,744
up €5,744 (+35.6%), from €16,126 to €21,869
of which Trade receivables: +€9,626
- Cash -€3,542
down €3,542 (-84.5%), from €4,194 to €652
mainly Contributions, distributions and other (-€10,000) and Receivables within one year (-€5,744)
- Tangible fixed assets -€3,234
down €3,234 (-71.3%), from €4,534 to €1,301
- Deferred charges and accrued income -€527
down €527 (-93.4%), from €564 to €37
- Profit (loss) carried forward -€5,872
down €5,872 (-25.8%), from -€22,762 to -€28,634
- Tax, wage and social debts +€4,278
up €4,278 (+373.4%), from €1,146 to €5,424
- Accrued charges and deferred income +€2,627
new in 2025: €2,627
- Other debts -€1,904
down €1,904 (-7.9%), from €24,002 to €22,099
- Trade debts -€1,658
down €1,658 (-19.1%), from €8,661 to €7,003
- Gross operating margin -€7,830
down €7,830 (-45.1%), from €17,364 to €9,533
- Other operating charges -€1,488
down €1,488 (-56.2%), from €2,650 to €1,161
- Depreciation -€736
down €736 (-18.5%), from €3,970 to €3,234
- Financial charges +€690
up €690 (+213.4%), from €323 to €1,013
- Taxes -€449
no longer reported in 2025 (was €449)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,417 | €23,858 | -€1,559 | -6.1% |
| Fixed assets | 21/28 | €4,534 | €1,301 | -€3,234 | -71.3% |
| Tangible fixed assets | 22/27 | €4,534 | €1,301 | -€3,234 | -71.3% |
| Furniture and vehicles | 24 | €4,534 | €1,301 | -€3,234 | -71.3% |
| Current assets | 29/58 | €20,883 | €22,558 | +€1,675 | +8.0% |
| Amounts receivable within one year | 40/41 | €16,126 | €21,869 | +€5,744 | +35.6% |
| Trade receivables | 40 | €7,138 | €16,764 | +€9,626 | +134.9% |
| Other amounts receivable | 41 | €8,988 | €5,105 | -€3,882 | -43.2% |
| Cash at bank and in hand | 54/58 | €4,194 | €652 | -€3,542 | -84.5% |
| Deferred charges and accrued income | 490/1 | €564 | €37 | -€527 | -93.4% |
| Total equity and liabilities | 10/49 | €25,417 | €23,858 | -€1,559 | -6.1% |
| Equity | 10/15 | -€8,392 | -€14,264 | -€5,872 | -70.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €11,870 | €11,870 | = | 0.0% |
| Distributable reserves | 133 | €11,870 | €11,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,762 | -€28,634 | -€5,872 | -25.8% |
| Amounts payable | 17/49 | €33,809 | €38,122 | +€4,313 | +12.8% |
| Amounts payable within one year | 42/48 | €33,809 | €35,495 | +€1,686 | +5.0% |
| Trade debts | 44 | €8,661 | €7,003 | -€1,658 | -19.1% |
| Suppliers | 440/4 | €8,661 | €7,003 | -€1,658 | -19.1% |
| Advances received on contracts in progress | 46 | - | €970 | +€970 | |
| Taxes, remuneration and social security | 45 | €1,146 | €5,424 | +€4,278 | +373.4% |
| Taxes | 450/3 | €1,146 | €5,424 | +€4,278 | +373.4% |
| Other amounts payable | 47/48 | €24,002 | €22,099 | -€1,904 | -7.9% |
| Accrued charges and deferred income | 492/3 | - | €2,627 | +€2,627 | |
| Non-recurring operating income | 76A | €1,865 | - | -€1,865 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,970 | €3,234 | -€736 | -18.5% |
| Other operating charges | 640/8 | €2,650 | €1,161 | -€1,488 | -56.2% |
| Gross operating margin | 9900 | €17,364 | €9,533 | -€7,830 | -45.1% |
| Operating profit (loss) | 9901 | €10,744 | €5,138 | -€5,606 | -52.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €323 | €1,013 | +€690 | +213.4% |
| Recurring financial charges | 65 | €323 | €1,013 | +€690 | +213.4% |
| Profit (loss) for the period before taxes | 9903 | €10,421 | €4,128 | -€6,293 | -60.4% |
| Income taxes | 67/77 | €449 | - | -€449 | |
| Profit (loss) for the period | 9904 | €9,972 | €4,128 | -€5,844 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,972 | €4,128 | -€5,844 | -58.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.