HSS: 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.
HSS
Largest movements
- Cash -€18,534
down €18,534 (-32.7%), from €56,638 to €38,104
mainly Net result for the year (-€20,414) and Debts after one year (-€13,447)
- Tangible fixed assets -€13,324
down €13,324 (-13.5%), from €98,901 to €85,577
of which Furniture and vehicles: -€20,854
- Deferred charges and accrued income +€5,876
up €5,876 (+522.7%), from €1,124 to €7,000
- Profit (loss) carried forward -€20,414
new in 2025: -€20,414
- Debts after one year -€13,447
down €13,447 (-24.4%), from €55,179 to €41,731
- Other debts +€6,245
up €6,245 (+34.1%), from €18,337 to €24,583
- Tax, wage and social debts -€3,830
no longer reported in 2025 (was €3,830)
of which Taxes: -€2,497
- Trade debts +€3,749
up €3,749 (+62.3%), from €6,014 to €9,763
- Gross operating margin -€51,235
down €51,235 (-85.7%), from €59,759 to €8,524
- Taxes -€12,049
down €12,049 (-97.5%), from €12,354 to €305
- Depreciation +€10,186
up €10,186 (+75.7%), from €13,464 to €23,650
- Financial charges +€1,960
up €1,960 (+134.1%), from €1,461 to €3,422
- Other operating charges -€1,001
down €1,001 (-38.9%), from €2,573 to €1,573
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.
Cash bridge derived
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 | €166,343 | €140,619 | -€25,724 | -15.5% |
| Fixed assets | 21/28 | €98,901 | €85,577 | -€13,324 | -13.5% |
| Tangible fixed assets | 22/27 | €98,901 | €85,577 | -€13,324 | -13.5% |
| Plant, machinery and equipment | 23 | €7,507 | €15,037 | +€7,530 | +100.3% |
| Furniture and vehicles | 24 | €91,394 | €70,540 | -€20,854 | -22.8% |
| Current assets | 29/58 | €67,443 | €55,042 | -€12,400 | -18.4% |
| Amounts receivable within one year | 40/41 | €9,681 | €9,939 | +€258 | +2.7% |
| Trade receivables | 40 | €2,294 | €7,966 | +€5,673 | +247.3% |
| Other amounts receivable | 41 | €7,387 | €1,972 | -€5,415 | -73.3% |
| Cash at bank and in hand | 54/58 | €56,638 | €38,104 | -€18,534 | -32.7% |
| Deferred charges and accrued income | 490/1 | €1,124 | €7,000 | +€5,876 | +522.7% |
| Total equity and liabilities | 10/49 | €166,343 | €140,619 | -€25,724 | -15.5% |
| Equity | 10/15 | €68,985 | €48,572 | -€20,414 | -29.6% |
| Contributions | 10/11 | €18,224 | €18,224 | = | 0.0% |
| Reserves | 13 | €50,762 | €50,762 | = | 0.0% |
| Distributable reserves | 133 | €50,762 | €50,762 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€20,414 | -€20,414 | |
| Amounts payable | 17/49 | €97,358 | €92,048 | -€5,311 | -5.5% |
| Amounts payable after more than one year | 17 | €55,179 | €41,731 | -€13,447 | -24.4% |
| Financial debts | 170/4 | €55,179 | €41,731 | -€13,447 | -24.4% |
| Amounts payable within one year | 42/48 | €42,180 | €50,316 | +€8,136 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €12,828 | €13,447 | +€619 | +4.8% |
| Financial debts | 43 | €1,171 | €2,524 | +€1,352 | +115.4% |
| Credit institutions | 430/8 | €1,171 | €2,524 | +€1,352 | +115.4% |
| Trade debts | 44 | €6,014 | €9,763 | +€3,749 | +62.3% |
| Suppliers | 440/4 | €6,014 | €9,763 | +€3,749 | +62.3% |
| Taxes, remuneration and social security | 45 | €3,830 | - | -€3,830 | |
| Taxes | 450/3 | €2,497 | - | -€2,497 | |
| Remuneration and social security | 454/9 | €1,333 | - | -€1,333 | |
| Other amounts payable | 47/48 | €18,337 | €24,583 | +€6,245 | +34.1% |
| Non-recurring operating income | 76A | €8,803 | - | -€8,803 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,464 | €23,650 | +€10,186 | +75.7% |
| Other operating charges | 640/8 | €2,573 | €1,573 | -€1,001 | -38.9% |
| Non-recurring operating charges | 66A | €4,104 | - | -€4,104 | |
| Gross operating margin | 9900 | €59,759 | €8,524 | -€51,235 | -85.7% |
| Operating profit (loss) | 9901 | €39,617 | -€16,699 | -€56,316 | |
| Financial income | 75/76B | €2 | €12 | +€10 | +637.3% |
| Recurring financial income | 75 | €2 | €12 | +€10 | +637.3% |
| Financial charges | 65/66B | €1,461 | €3,422 | +€1,960 | +134.1% |
| Recurring financial charges | 65 | €1,461 | €3,422 | +€1,960 | +134.1% |
| Profit (loss) for the period before taxes | 9903 | €38,157 | -€20,108 | -€58,266 | |
| Income taxes | 67/77 | €12,354 | €305 | -€12,049 | -97.5% |
| Profit (loss) for the period | 9904 | €25,803 | -€20,414 | -€46,217 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,803 | -€20,414 | -€46,217 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.