HSLS: 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.
HSLS
Largest movements
- Tangible fixed assets -€19,801
down €19,801 (-49.5%), from €40,024 to €20,222
- Cash -€12,864
down €12,864 (-17.0%), from €75,779 to €62,915
mainly Trade debts (-€22,120) and Contributions, distributions and other (-€18,600)
- Trade debts -€22,120
down €22,120 (-16.7%), from €132,395 to €110,276
- Contributions -€18,600
no longer reported in 2024 (was €18,600)
- Profit (loss) carried forward +€15,193
up €15,193 (+62.0%), from €24,500 to €39,693
- Other debts -€10,000
no longer reported in 2024 (was €10,000)
- Tax, wage and social debts +€4,734
new in 2024: €4,734
- Gross operating margin +€151,050
up €151,050 (+325.1%), from €46,463 to €197,513
- Financial charges +€139,318
up €139,318 (+20679.2%), from €674 to €139,992
of which Non-recurring financial charges: +€106,420
- Depreciation +€6,557
up €6,557 (+22.2%), from €29,490 to €36,047
- Taxes +€2,670
up €2,670 (+172.5%), from €1,548 to €4,219
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 | €275,495 | €244,703 | -€30,792 | -11.2% |
| Fixed assets | 21/28 | €40,024 | €20,222 | -€19,801 | -49.5% |
| Tangible fixed assets | 22/27 | €40,024 | €20,222 | -€19,801 | -49.5% |
| Furniture and vehicles | 24 | €40,024 | €20,222 | -€19,801 | -49.5% |
| Current assets | 29/58 | €235,472 | €224,481 | -€10,991 | -4.7% |
| Amounts receivable after more than one year | 29 | €240 | €240 | = | 0.0% |
| Other amounts receivable | 291 | €240 | €240 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €159,258 | €159,833 | +€575 | +0.4% |
| Trade receivables | 40 | €135,131 | €143,338 | +€8,207 | +6.1% |
| Other amounts receivable | 41 | €24,127 | €16,495 | -€7,632 | -31.6% |
| Cash at bank and in hand | 54/58 | €75,779 | €62,915 | -€12,864 | -17.0% |
| Deferred charges and accrued income | 490/1 | €194 | €1,492 | +€1,298 | +668.9% |
| Total equity and liabilities | 10/49 | €275,495 | €244,703 | -€30,792 | -11.2% |
| Equity | 10/15 | €43,100 | €39,693 | -€3,407 | -7.9% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €24,500 | €39,693 | +€15,193 | +62.0% |
| Amounts payable | 17/49 | €232,395 | €205,010 | -€27,386 | -11.8% |
| Amounts payable within one year | 42/48 | €142,395 | €115,010 | -€27,386 | -19.2% |
| Trade debts | 44 | €132,395 | €110,276 | -€22,120 | -16.7% |
| Suppliers | 440/4 | €132,395 | €110,276 | -€22,120 | -16.7% |
| Taxes, remuneration and social security | 45 | - | €4,734 | +€4,734 | |
| Taxes | 450/3 | - | €4,734 | +€4,734 | |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Accrued charges and deferred income | 492/3 | €90,000 | €90,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,490 | €36,047 | +€6,557 | +22.2% |
| Other operating charges | 640/8 | €2,250 | €2,063 | -€187 | -8.3% |
| Gross operating margin | 9900 | €46,463 | €197,513 | +€151,050 | +325.1% |
| Operating profit (loss) | 9901 | €14,723 | €159,404 | +€144,680 | +982.7% |
| Financial charges | 65/66B | €674 | €139,992 | +€139,318 | +20679.2% |
| Recurring financial charges | 65 | €674 | €33,571 | +€32,897 | +4883.0% |
| Non-recurring financial charges | 66B | - | €106,420 | +€106,420 | |
| Profit (loss) for the period before taxes | 9903 | €14,050 | €19,412 | +€5,362 | +38.2% |
| Income taxes | 67/77 | €1,548 | €4,219 | +€2,670 | +172.5% |
| Profit (loss) for the period | 9904 | €12,501 | €15,193 | +€2,692 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,501 | €15,193 | +€2,692 | +21.5% |
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 4 October 2026 via checked.be.