HSN COMPANY: 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.
HSN COMPANY
Largest movements
- Tangible fixed assets +€26,656
new in 2025: €26,656
- Cash +€23,195
up €23,195 (+99.1%), from €23,415 to €46,610
mainly Net result for the year (+€60,236) and Tax, wage and social debts (+€13,494)
- Receivables within one year +€18,668
new in 2025: €18,668
- Profit (loss) carried forward +€60,236
up €60,236 (+428%), from €14,069 to €74,305
- Tax, wage and social debts +€13,494
up €13,494 (+371%), from €3,640 to €17,133
- Trade debts -€5,269
no longer reported in 2025 (was €5,269)
- Gross operating margin +€58,806
up €58,806 (+332%), from €17,709 to €76,515
- Taxes +€12,494
up €12,494 (+343%), from €3,640 to €16,133
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 | €23,415 | €91,934 | +€68,519 | +293% |
| Fixed assets | 21/28 | - | €26,656 | +€26,656 | |
| Tangible fixed assets | 22/27 | - | €26,656 | +€26,656 | |
| Other tangible fixed assets | 26 | - | €26,656 | +€26,656 | |
| Current assets | 29/58 | €23,415 | €65,278 | +€41,863 | +179% |
| Amounts receivable within one year | 40/41 | - | €18,668 | +€18,668 | |
| Trade receivables | 40 | - | €18,668 | +€18,668 | |
| Cash at bank and in hand | 54/58 | €23,415 | €46,610 | +€23,195 | +99.1% |
| Total equity and liabilities | 10/49 | €23,415 | €91,934 | +€68,519 | +293% |
| Equity | 10/15 | €14,069 | €74,305 | +€60,236 | +428% |
| Profit (loss) carried forward | 14 | €14,069 | €74,305 | +€60,236 | +428% |
| Amounts payable | 17/49 | €9,346 | €17,629 | +€8,283 | +88.6% |
| Amounts payable within one year | 42/48 | €9,346 | €17,629 | +€8,283 | +88.6% |
| Trade debts | 44 | €5,269 | - | -€5,269 | |
| Suppliers | 440/4 | €5,269 | - | -€5,269 | |
| Taxes, remuneration and social security | 45 | €3,640 | €17,133 | +€13,494 | +371% |
| Taxes | 450/3 | €3,640 | €17,133 | +€13,494 | +371% |
| Other amounts payable | 47/48 | €437 | €496 | +€59 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €95 | +€95 | |
| Gross operating margin | 9900 | €17,709 | €76,515 | +€58,806 | +332% |
| Operating profit (loss) | 9901 | €17,709 | €76,420 | +€58,711 | +332% |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | €0 | €83 | +€83 | +17,613% |
| Recurring financial charges | 65 | €0 | €83 | +€83 | +17,613% |
| Profit (loss) for the period before taxes | 9903 | €17,708 | €76,369 | +€58,660 | +331% |
| Income taxes | 67/77 | €3,640 | €16,133 | +€12,494 | +343% |
| Profit (loss) for the period | 9904 | €14,069 | €60,236 | +€46,167 | +328% |
| Profit (loss) for the period to be appropriated | 9905 | €14,069 | €60,236 | +€46,167 | +328% |
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 24 October 2026 via checked.be.