HSL: 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.
HSL
Largest movements
- Cash -€332
down €332 (-89.7%), from €370 to €38
mainly Trade debts (-€240) and Receivables within one year (-€64)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€1,007
down €1,007 (-100.0%), from €1,007 to €0
- Gross operating margin -€993
down €993 (-97.9%), from €1,014 to €21
- Other operating charges -€253
down €253 (-100.0%), from €253 to €0
- Financial charges -€45
down €45 (-48.0%), from €94 to €49
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,744 | €25,477 | -€268 | -1.0% |
| Current assets | 29/58 | €25,744 | €25,477 | -€268 | -1.0% |
| Amounts receivable within one year | 40/41 | €25,374 | €25,439 | +€64 | +0.3% |
| Trade receivables | 40 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 41 | €374 | €439 | +€64 | +17.2% |
| Cash at bank and in hand | 54/58 | €370 | €38 | -€332 | -89.7% |
| Total equity and liabilities | 10/49 | €25,744 | €25,477 | -€268 | -1.0% |
| Equity | 10/15 | -€340 | -€367 | -€28 | -8.1% |
| Profit (loss) carried forward | 14 | -€340 | -€367 | -€28 | -8.1% |
| Amounts payable | 17/49 | €26,084 | €25,844 | -€240 | -0.9% |
| Amounts payable within one year | 42/48 | €26,084 | €25,844 | -€240 | -0.9% |
| Trade debts | 44 | €26,084 | €25,844 | -€240 | -0.9% |
| Suppliers | 440/4 | €26,084 | €25,844 | -€240 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,007 | €0 | -€1,007 | -100.0% |
| Other operating charges | 640/8 | €253 | €0 | -€253 | -100.0% |
| Gross operating margin | 9900 | €1,014 | €21 | -€993 | -97.9% |
| Operating profit (loss) | 9901 | -€246 | €21 | +€267 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €94 | €49 | -€45 | -48.0% |
| Recurring financial charges | 65 | €94 | €49 | -€45 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | -€340 | -€28 | +€312 | +91.9% |
| Profit (loss) for the period | 9904 | -€340 | -€28 | +€312 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€340 | -€28 | +€312 | +91.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.