HSZ: 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.
HSZ
Largest movements
- Receivables within one year -€750
down €750 (-19.7%), from €3,807 to €3,057
- Intangible fixed assets -€260
down €260 (-41.7%), from €625 to €364
- Cash -€155
no longer reported in 2023 (was €155)
mainly Tax, wage and social debts (-€1,065) and Net result for the year (-€105)
- Tax, wage and social debts -€1,065
down €1,065 (-58.0%), from €1,836 to €771
- Profit (loss) carried forward -€105
down €105 (-4.8%), from -€2,208 to -€2,314
- Gross operating margin +€1,508
no longer reported in 2023 (was -€1,508)
- Purchases and services -€1,508
no longer reported in 2023 (was €1,508)
- Financial income +€157
new in 2023: €157
- Depreciation +€104
up €104 (+66.7%), from €156 to €260
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,725 | €3,559 | -€1,166 | -24.7% |
| Fixed assets | 21/28 | €763 | €502 | -€260 | -34.1% |
| Intangible fixed assets | 21 | €625 | €364 | -€260 | -41.7% |
| Financial fixed assets | 28 | €138 | €138 | = | 0.0% |
| Current assets | 29/58 | €3,962 | €3,057 | -€906 | -22.9% |
| Amounts receivable within one year | 40/41 | €3,807 | €3,057 | -€750 | -19.7% |
| Other amounts receivable | 41 | €3,807 | €3,057 | -€750 | -19.7% |
| Cash at bank and in hand | 54/58 | €155 | - | -€155 | |
| Total equity and liabilities | 10/49 | €4,725 | €3,559 | -€1,166 | -24.7% |
| Equity | 10/15 | €1,792 | €1,686 | -€105 | -5.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,208 | -€2,314 | -€105 | -4.8% |
| Amounts payable | 17/49 | €2,933 | €1,873 | -€1,060 | -36.2% |
| Amounts payable within one year | 42/48 | €2,933 | €1,873 | -€1,060 | -36.2% |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | €1,097 | €1,097 | = | 0.0% |
| Suppliers | 440/4 | €1,097 | €1,097 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,836 | €771 | -€1,065 | -58.0% |
| Taxes | 450/3 | €1,836 | €771 | -€1,065 | -58.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,508 | - | -€1,508 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156 | €260 | +€104 | +66.7% |
| Gross operating margin | 9900 | -€1,508 | - | +€1,508 | |
| Operating profit (loss) | 9901 | -€1,664 | -€260 | +€1,404 | +84.4% |
| Financial income | 75/76B | - | €157 | +€157 | |
| Recurring financial income | 75 | - | €157 | +€157 | |
| Financial charges | 65/66B | €9 | €3 | -€6 | -71.4% |
| Recurring financial charges | 65 | €9 | €3 | -€6 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,673 | -€105 | +€1,568 | +93.7% |
| Profit (loss) for the period | 9904 | -€1,673 | -€105 | +€1,568 | +93.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,673 | -€105 | +€1,568 | +93.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.