HZ SERVICES: 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.
HZ SERVICES
Largest movements
- Receivables within one year -€39,788
down €39,788 (-49.4%), from €80,512 to €40,724
of which Trade receivables: -€39,788
- Deferred charges and accrued income +€5,555
up €5,555 (+134.8%), from €4,122 to €9,678
- Cash +€5,376
up €5,376 (+119.9%), from €4,482 to €9,858
mainly Receivables within one year (+€39,788) and Depreciation (+€9,323)
- Tangible fixed assets +€3,547
up €3,547 (+30.9%), from €11,462 to €15,010
of which Furniture and vehicles: +€5,371
- Other debts -€15,853
down €15,853 (-67.7%), from €23,414 to €7,561
- Tax, wage and social debts -€15,234
down €15,234 (-29.1%), from €52,281 to €37,046
of which Taxes: -€12,549
- Trade debts +€4,978
up €4,978 (+53.1%), from €9,376 to €14,355
- Gross operating margin -€13,085
down €13,085 (-10.8%), from €120,741 to €107,656
- Staff costs -€8,232
down €8,232 (-8.8%), from €93,917 to €85,686
- Other operating charges -€2,718
down €2,718 (-51.2%), from €5,309 to €2,591
- Financial charges -€1,769
down €1,769 (-30.2%), from €5,848 to €4,080
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,578 | €75,269 | -€25,309 | -25.2% |
| Fixed assets | 21/28 | €11,462 | €15,010 | +€3,547 | +30.9% |
| Tangible fixed assets | 22/27 | €11,462 | €15,010 | +€3,547 | +30.9% |
| Plant, machinery and equipment | 23 | €5,019 | €3,195 | -€1,824 | -36.3% |
| Furniture and vehicles | 24 | €6,443 | €11,815 | +€5,371 | +83.4% |
| Current assets | 29/58 | €89,116 | €60,259 | -€28,857 | -32.4% |
| Amounts receivable within one year | 40/41 | €80,512 | €40,724 | -€39,788 | -49.4% |
| Trade receivables | 40 | €73,512 | €33,724 | -€39,788 | -54.1% |
| Other amounts receivable | 41 | €7,000 | €7,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,482 | €9,858 | +€5,376 | +119.9% |
| Deferred charges and accrued income | 490/1 | €4,122 | €9,678 | +€5,555 | +134.8% |
| Total equity and liabilities | 10/49 | €100,578 | €75,269 | -€25,309 | -25.2% |
| Equity | 10/15 | €15,507 | €16,308 | +€800 | +5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,447 | €8,248 | +€800 | +10.7% |
| Amounts payable | 17/49 | €85,071 | €58,962 | -€26,110 | -30.7% |
| Amounts payable within one year | 42/48 | €85,071 | €58,962 | -€26,110 | -30.7% |
| Trade debts | 44 | €9,376 | €14,355 | +€4,978 | +53.1% |
| Suppliers | 440/4 | €9,376 | €14,355 | +€4,978 | +53.1% |
| Taxes, remuneration and social security | 45 | €52,281 | €37,046 | -€15,234 | -29.1% |
| Taxes | 450/3 | €36,094 | €23,546 | -€12,549 | -34.8% |
| Remuneration and social security | 454/9 | €16,186 | €13,501 | -€2,686 | -16.6% |
| Other amounts payable | 47/48 | €23,414 | €7,561 | -€15,853 | -67.7% |
| Remuneration, social security and pensions | 62 | €93,917 | €85,686 | -€8,232 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,971 | €9,323 | -€648 | -6.5% |
| Other operating charges | 640/8 | €5,309 | €2,591 | -€2,718 | -51.2% |
| Gross operating margin | 9900 | €120,741 | €107,656 | -€13,085 | -10.8% |
| Operating profit (loss) | 9901 | €11,544 | €10,057 | -€1,487 | -12.9% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €5,848 | €4,080 | -€1,769 | -30.2% |
| Recurring financial charges | 65 | €5,848 | €4,080 | -€1,769 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €5,705 | €5,977 | +€273 | +4.8% |
| Income taxes | 67/77 | €5,293 | €5,177 | -€116 | -2.2% |
| Profit (loss) for the period | 9904 | €411 | €800 | +€389 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €411 | €800 | +€389 | +94.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.