HZ SOLUTIONS: 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.
HZ SOLUTIONS
Largest movements
- Receivables within one year -€21,271
down €21,271 (-78.3%), from €27,161 to €5,891
of which Trade receivables: -€22,197
- Cash +€4,428
up €4,428 (+46.5%), from €9,516 to €13,944
mainly Receivables within one year (+€21,271) and Tax, wage and social debts (+€655)
- Trade debts -€9,881
down €9,881 (-97.1%), from €10,177 to €296
- Profit (loss) carried forward -€6,167
new in 2025: -€6,167
- Accrued charges and deferred income -€1,686
down €1,686 (-69.8%), from €2,415 to €729
- Tax, wage and social debts +€655
up €655 (+5.5%), from €11,920 to €12,575
- Gross operating margin -€21,817
down €21,817 (-88.5%), from €24,651 to €2,833
- Taxes -€6,060
no longer reported in 2025 (was €6,060)
- Financial charges +€2,857
up €2,857 (+182.7%), from €1,564 to €4,421
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 | €37,384 | €20,277 | -€17,106 | -45.8% |
| Fixed assets | 21/28 | €707 | €443 | -€264 | -37.3% |
| Tangible fixed assets | 22/27 | €707 | €443 | -€264 | -37.3% |
| Furniture and vehicles | 24 | €707 | €443 | -€264 | -37.3% |
| Current assets | 29/58 | €36,677 | €19,835 | -€16,843 | -45.9% |
| Amounts receivable within one year | 40/41 | €27,161 | €5,891 | -€21,271 | -78.3% |
| Trade receivables | 40 | €27,161 | €4,964 | -€22,197 | -81.7% |
| Other amounts receivable | 41 | - | €926 | +€926 | |
| Cash at bank and in hand | 54/58 | €9,516 | €13,944 | +€4,428 | +46.5% |
| Total equity and liabilities | 10/49 | €37,384 | €20,277 | -€17,106 | -45.8% |
| Equity | 10/15 | €12,844 | €6,677 | -€6,167 | -48.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €12,344 | €12,344 | = | 0.0% |
| Distributable reserves | 133 | €12,344 | €12,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,167 | -€6,167 | |
| Amounts payable | 17/49 | €24,540 | €13,601 | -€10,939 | -44.6% |
| Amounts payable within one year | 42/48 | €22,125 | €12,871 | -€9,254 | -41.8% |
| Trade debts | 44 | €10,177 | €296 | -€9,881 | -97.1% |
| Suppliers | 440/4 | €10,177 | €296 | -€9,881 | -97.1% |
| Taxes, remuneration and social security | 45 | €11,920 | €12,575 | +€655 | +5.5% |
| Taxes | 450/3 | €11,920 | €12,575 | +€655 | +5.5% |
| Other amounts payable | 47/48 | €28 | - | -€28 | |
| Accrued charges and deferred income | 492/3 | €2,415 | €729 | -€1,686 | -69.8% |
| Remuneration, social security and pensions | 62 | €1,123 | €1,032 | -€91 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85 | €264 | +€179 | +210.2% |
| Other operating charges | 640/8 | €3,484 | €3,284 | -€200 | -5.7% |
| Gross operating margin | 9900 | €24,651 | €2,833 | -€21,817 | -88.5% |
| Operating profit (loss) | 9901 | €19,958 | -€1,746 | -€21,705 | |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €1,564 | €4,421 | +€2,857 | +182.7% |
| Recurring financial charges | 65 | €1,564 | €4,421 | +€2,857 | +182.7% |
| Profit (loss) for the period before taxes | 9903 | €18,404 | -€6,167 | -€24,571 | |
| Income taxes | 67/77 | €6,060 | - | -€6,060 | |
| Profit (loss) for the period | 9904 | €12,344 | -€6,167 | -€18,511 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,344 | -€6,167 | -€18,511 |
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 11 October 2026 via checked.be.