HSM INTERIEUR: what changed
HSM INTERIEUR
Largest movements
- Receivables within one year -€28,619
down €28,619 (-28.6%), from €100,127 to €71,508
of which Trade receivables: -€21,982
- Tangible fixed assets -€22,725
down €22,725 (-5.8%), from €390,351 to €367,627
of which Land and buildings: -€17,628
- Stocks and contracts -€19,336
down €19,336 (-51.8%), from €37,309 to €17,973
- Cash -€8,654
down €8,654 (-40.2%), from €21,546 to €12,892
mainly Trade debts (-€48,361) and Other debts (-€34,733)
- Trade debts -€48,361
down €48,361 (-52.3%), from €92,504 to €44,143
- Other debts -€34,733
down €34,733 (-83.0%), from €41,860 to €7,126
- Debts after one year -€26,476
down €26,476 (-11.9%), from €222,453 to €195,977
- Short-term financial debts +€24,062
up €24,062 (+48.1%), from €50,000 to €74,062
- Reserves +€13,167
up €13,167 (+14.0%), from €94,046 to €107,213
- Gross operating margin -€48,874
down €48,874 (-36.2%), from €134,921 to €86,048
- Staff costs -€46,768
down €46,768 (-64.3%), from €72,735 to €25,967
- Financial charges -€7,549
down €7,549 (-30.7%), from €24,550 to €17,001
- Depreciation -€5,010
down €5,010 (-17.6%), from €28,429 to €23,419
- Taxes +€2,521
up €2,521 (+137%), from €1,834 to €4,355
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €561,633 | €479,221 | -€82,412 | -14.7% |
| Fixed assets | 21/28 | €392,283 | €368,864 | -€23,419 | -6.0% |
| Intangible fixed assets | 21 | €932 | €238 | -€694 | -74.5% |
| Tangible fixed assets | 22/27 | €390,351 | €367,627 | -€22,725 | -5.8% |
| Land and buildings | 22 | €349,488 | €331,860 | -€17,628 | -5.0% |
| Plant, machinery and equipment | 23 | €37,761 | €33,409 | -€4,352 | -11.5% |
| Furniture and vehicles | 24 | €404 | - | -€404 | |
| Other tangible fixed assets | 26 | €2,699 | €2,358 | -€341 | -12.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €169,350 | €110,356 | -€58,993 | -34.8% |
| Stocks and contracts in progress | 3 | €37,309 | €17,973 | -€19,336 | -51.8% |
| Stocks | 30/36 | €37,309 | €17,973 | -€19,336 | -51.8% |
| Amounts receivable within one year | 40/41 | €100,127 | €71,508 | -€28,619 | -28.6% |
| Trade receivables | 40 | €76,284 | €54,303 | -€21,982 | -28.8% |
| Other amounts receivable | 41 | €23,842 | €17,205 | -€6,637 | -27.8% |
| Cash at bank and in hand | 54/58 | €21,546 | €12,892 | -€8,654 | -40.2% |
| Deferred charges and accrued income | 490/1 | €10,368 | €7,983 | -€2,385 | -23.0% |
| Total equity and liabilities | 10/49 | €561,633 | €479,221 | -€82,412 | -14.7% |
| Equity | 10/15 | €111,646 | €124,813 | +€13,167 | +11.8% |
| Contributions | 10/11 | €17,600 | €17,600 | = | 0.0% |
| Reserves | 13 | €94,046 | €107,213 | +€13,167 | +14.0% |
| Distributable reserves | 133 | €94,046 | €107,213 | +€13,167 | +14.0% |
| Amounts payable | 17/49 | €449,986 | €354,408 | -€95,579 | -21.2% |
| Amounts payable after more than one year | 17 | €222,453 | €195,977 | -€26,476 | -11.9% |
| Financial debts | 170/4 | €222,453 | €195,977 | -€26,476 | -11.9% |
| Amounts payable within one year | 42/48 | €227,534 | €158,430 | -€69,103 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €30,169 | €27,494 | -€2,676 | -8.9% |
| Financial debts | 43 | €50,000 | €74,062 | +€24,062 | +48.1% |
| Credit institutions | 430/8 | €50,000 | €74,062 | +€24,062 | +48.1% |
| Trade debts | 44 | €92,504 | €44,143 | -€48,361 | -52.3% |
| Suppliers | 440/4 | €92,504 | €44,143 | -€48,361 | -52.3% |
| Taxes, remuneration and social security | 45 | €13,001 | €5,606 | -€7,395 | -56.9% |
| Taxes | 450/3 | €4,590 | €5,606 | +€1,016 | +22.1% |
| Remuneration and social security | 454/9 | €8,411 | - | -€8,411 | |
| Other amounts payable | 47/48 | €41,860 | €7,126 | -€34,733 | -83.0% |
| Non-recurring operating income | 76A | €15,329 | - | -€15,329 | |
| Remuneration, social security and pensions | 62 | €72,735 | €25,967 | -€46,768 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,429 | €23,419 | -€5,010 | -17.6% |
| Other operating charges | 640/8 | €2,983 | €2,368 | -€615 | -20.6% |
| Gross operating margin | 9900 | €134,921 | €86,048 | -€48,874 | -36.2% |
| Operating profit (loss) | 9901 | €30,774 | €34,294 | +€3,520 | +11.4% |
| Financial income | 75/76B | €215 | €229 | +€14 | +6.7% |
| Recurring financial income | 75 | €215 | €229 | +€14 | +6.7% |
| Financial charges | 65/66B | €24,550 | €17,001 | -€7,549 | -30.7% |
| Recurring financial charges | 65 | €24,550 | €17,001 | -€7,549 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €6,439 | €17,522 | +€11,083 | +172% |
| Income taxes | 67/77 | €1,834 | €4,355 | +€2,521 | +137% |
| Profit (loss) for the period | 9904 | €4,605 | €13,167 | +€8,562 | +186% |
| Profit (loss) for the period to be appropriated | 9905 | €4,605 | €13,167 | +€8,562 | +186% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.