HSSD INVEST: what changed
HSSD INVEST
Largest movements
- Receivables within one year +€271,629
new in 2025: €271,629
of which Other amounts receivable: +€219,599
- Cash +€214,880
up €214,880 (+3,486%), from €6,163 to €221,043
mainly Net result for the year (+€253,946) and Short-term financial debts (+€220,000)
- Tangible fixed assets -€39,960
down €39,960 (-5.3%), from €750,478 to €710,518
of which Land and buildings: -€36,960
- Financial fixed assets +€36,000
new in 2025: €36,000
- Reserves +€237,477
new in 2025: €237,477
- Short-term financial debts +€220,000
new in 2025: €220,000
- Tax, wage and social debts +€107,949
new in 2025: €107,949
- Other debts -€60,000
down €60,000 (-63.2%), from €95,000 to €35,000
- Debts after one year -€36,437
down €36,437 (-5.7%), from €636,870 to €600,433
- Gross operating margin +€428,361
up €428,361, from -€8,834 to €419,527
- Taxes +€77,982
new in 2025: €77,982
- Financial charges +€43,148
up €43,148 (+1,272%), from €3,392 to €46,540
- Depreciation +€36,238
up €36,238 (+974%), from €3,722 to €39,960
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 | €756,641 | €1,239,190 | +€482,549 | +63.8% |
| Fixed assets | 21/28 | €750,478 | €746,518 | -€3,960 | -0.5% |
| Tangible fixed assets | 22/27 | €750,478 | €710,518 | -€39,960 | -5.3% |
| Land and buildings | 22 | €735,757 | €698,797 | -€36,960 | -5.0% |
| Plant, machinery and equipment | 23 | €14,721 | €11,721 | -€3,000 | -20.4% |
| Financial fixed assets | 28 | - | €36,000 | +€36,000 | |
| Current assets | 29/58 | €6,163 | €492,672 | +€486,509 | +7,894% |
| Amounts receivable within one year | 40/41 | - | €271,629 | +€271,629 | |
| Trade receivables | 40 | - | €52,030 | +€52,030 | |
| Other amounts receivable | 41 | - | €219,599 | +€219,599 | |
| Cash at bank and in hand | 54/58 | €6,163 | €221,043 | +€214,880 | +3,486% |
| Total equity and liabilities | 10/49 | €756,641 | €1,239,190 | +€482,549 | +63.8% |
| Equity | 10/15 | -€14,669 | €239,277 | +€253,946 | |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Reserves | 13 | - | €237,477 | +€237,477 | |
| Distributable reserves | 133 | - | €237,477 | +€237,477 | |
| Profit (loss) carried forward | 14 | -€16,469 | - | +€16,469 | |
| Amounts payable | 17/49 | €771,309 | €999,912 | +€228,603 | +29.6% |
| Amounts payable after more than one year | 17 | €636,870 | €600,433 | -€36,437 | -5.7% |
| Financial debts | 170/4 | €636,870 | €600,433 | -€36,437 | -5.7% |
| Amounts payable within one year | 42/48 | €134,440 | €399,479 | +€265,040 | +197% |
| Current portion of amounts payable after more than one year | 42 | €35,222 | €36,437 | +€1,214 | +3.4% |
| Financial debts | 43 | - | €220,000 | +€220,000 | |
| Credit institutions | 430/8 | - | €220,000 | +€220,000 | |
| Trade debts | 44 | €4,217 | €93 | -€4,124 | -97.8% |
| Suppliers | 440/4 | €4,217 | €93 | -€4,124 | -97.8% |
| Taxes, remuneration and social security | 45 | - | €107,949 | +€107,949 | |
| Taxes | 450/3 | - | €107,949 | +€107,949 | |
| Other amounts payable | 47/48 | €95,000 | €35,000 | -€60,000 | -63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,722 | €39,960 | +€36,238 | +974% |
| Other operating charges | 640/8 | €521 | €2,023 | +€1,502 | +289% |
| Gross operating margin | 9900 | -€8,834 | €419,527 | +€428,361 | |
| Operating profit (loss) | 9901 | -€13,077 | €377,545 | +€390,621 | |
| Financial income | 75/76B | - | €924 | +€924 | |
| Recurring financial income | 75 | - | €924 | +€924 | |
| Financial charges | 65/66B | €3,392 | €46,540 | +€43,148 | +1,272% |
| Recurring financial charges | 65 | €3,392 | €46,540 | +€43,148 | +1,272% |
| Profit (loss) for the period before taxes | 9903 | -€16,469 | €331,928 | +€348,396 | |
| Income taxes | 67/77 | - | €77,982 | +€77,982 | |
| Profit (loss) for the period | 9904 | -€16,469 | €253,946 | +€270,414 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,469 | €253,946 | +€270,414 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.