HSE-CONFORM: 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.
HSE-CONFORM
Largest movements
- Cash +€11,995
up €11,995 (+29.5%), from €40,703 to €52,699
mainly Net result for the year (+€44,416) and Other debts (+€28,318)
- Tangible fixed assets -€5,251
down €5,251 (-34.8%), from €15,084 to €9,833
of which Furniture and vehicles: -€4,192
- Receivables within one year -€3,136
down €3,136 (-22.0%), from €14,250 to €11,114
- Other debts +€28,318
up €28,318 (+80.9%), from €35,020 to €63,338
- Profit (loss) carried forward -€17,584
down €17,584 (-81.7%), from €21,520 to €3,936
- Tax, wage and social debts -€4,441
down €4,441 (-33.5%), from €13,253 to €8,812
of which Taxes: -€2,691
- Trade debts -€1,876
down €1,876 (-92.6%), from €2,025 to €149
- Accrued charges and deferred income -€1,390
no longer reported in 2025 (was €1,390)
- Gross operating margin -€6,941
down €6,941 (-9.8%), from €70,808 to €63,866
- Taxes -€1,160
down €1,160 (-8.5%), from €13,684 to €12,524
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 | €73,209 | €76,235 | +€3,027 | +4.1% |
| Fixed assets | 21/28 | €15,084 | €9,833 | -€5,251 | -34.8% |
| Tangible fixed assets | 22/27 | €15,084 | €9,833 | -€5,251 | -34.8% |
| Plant, machinery and equipment | 23 | €2,846 | €1,787 | -€1,059 | -37.2% |
| Furniture and vehicles | 24 | €12,238 | €8,046 | -€4,192 | -34.3% |
| Current assets | 29/58 | €58,124 | €66,402 | +€8,278 | +14.2% |
| Amounts receivable within one year | 40/41 | €14,250 | €11,114 | -€3,136 | -22.0% |
| Trade receivables | 40 | €14,250 | €11,114 | -€3,136 | -22.0% |
| Cash at bank and in hand | 54/58 | €40,703 | €52,699 | +€11,995 | +29.5% |
| Deferred charges and accrued income | 490/1 | €3,171 | €2,589 | -€582 | -18.3% |
| Total equity and liabilities | 10/49 | €73,209 | €76,235 | +€3,027 | +4.1% |
| Equity | 10/15 | €21,520 | €3,936 | -€17,584 | -81.7% |
| Profit (loss) carried forward | 14 | €21,520 | €3,936 | -€17,584 | -81.7% |
| Amounts payable | 17/49 | €51,689 | €72,300 | +€20,611 | +39.9% |
| Amounts payable within one year | 42/48 | €50,298 | €72,300 | +€22,001 | +43.7% |
| Trade debts | 44 | €2,025 | €149 | -€1,876 | -92.6% |
| Suppliers | 440/4 | €2,025 | €149 | -€1,876 | -92.6% |
| Taxes, remuneration and social security | 45 | €13,253 | €8,812 | -€4,441 | -33.5% |
| Taxes | 450/3 | €11,503 | €8,812 | -€2,691 | -23.4% |
| Remuneration and social security | 454/9 | €1,750 | - | -€1,750 | |
| Other amounts payable | 47/48 | €35,020 | €63,338 | +€28,318 | +80.9% |
| Accrued charges and deferred income | 492/3 | €1,390 | - | -€1,390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,739 | €5,251 | -€488 | -8.5% |
| Other operating charges | 640/8 | €1,630 | €1,675 | +€45 | +2.8% |
| Gross operating margin | 9900 | €70,808 | €63,866 | -€6,941 | -9.8% |
| Operating profit (loss) | 9901 | €63,439 | €56,940 | -€6,499 | -10.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €0 | €0 | = | 0.0% |
| Recurring financial charges | 65 | €0 | €0 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €63,439 | €56,940 | -€6,499 | -10.2% |
| Income taxes | 67/77 | €13,684 | €12,524 | -€1,160 | -8.5% |
| Profit (loss) for the period | 9904 | €49,755 | €44,416 | -€5,339 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,755 | €44,416 | -€5,339 | -10.7% |
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 19 October 2026 via checked.be.