Skip to content

HBBH: 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.

What changed

HBBH

BE 0677.967.345
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,297
2024 · €548+€6,749
Equity
€30,080
2024 · €22,783+€7,297
Cash
€1,483
2024 · €4,521-€3,039
Balance sheet total
€180,110
2024 · €201,493-€21,383

Largest movements

2024 to 2025
Assets
  • Receivables within one year -€18,150

    down €18,150 (-82.1%), from €22,100 to €3,950

  • Cash -€3,039

    down €3,039 (-67.2%), from €4,521 to €1,483

    mainly Other debts (-€24,722) and Tax, wage and social debts (-€5,087)

Equity and liabilities
  • Other debts -€24,722

    down €24,722 (-16.1%), from €153,956 to €129,234

  • Reserves +€7,297

    up €7,297 (+172%), from €4,233 to €11,530

    of which Distributable reserves: +€7,297

  • Tax, wage and social debts -€5,087

    down €5,087 (-23.6%), from €21,564 to €16,477

    of which Taxes: -€3,996

Income statement
  • Gross operating margin +€10,292

    up €10,292 (+42.3%), from €24,337 to €34,629

  • Taxes +€3,790

    up €3,790 (+3,276%), from €116 to €3,906

  • Staff costs +€756

    up €756 (+3.6%), from €20,929 to €21,685

  • Financial charges -€706

    down €706 (-38.9%), from €1,813 to €1,107

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €548
Gross operating margin +€10,292
Staff costs -€756
Depreciation +€140
Other operating charges +€159
Financial income -€2
Financial charges +€706
Taxes -€3,790
Result 2025 €7,297
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations -€3,039
Investment €0
Financing €0
Cash 2024 €4,521
Net result for the year +€7,297
Receivables within one year +€18,150
Deferred charges and accrued income +€195
Trade debts +€1,129
Tax, wage and social debts -€5,087
Other debts -€24,722
Cash 2025 €1,483
brings cash intakes cash out
Every line side by side 36 lines
Line Code 2024 2025 Change %
Total assets 20/58 €201,493 €180,110 -€21,383 -10.6%
Fixed assets 21/28 €171,900 €171,900 = 0.0%
Financial fixed assets 28 €171,900 €171,900 = 0.0%
Current assets 29/58 €29,593 €8,210 -€21,383 -72.3%
Amounts receivable within one year 40/41 €22,100 €3,950 -€18,150 -82.1%
Trade receivables 40 €22,100 €3,950 -€18,150 -82.1%
Cash at bank and in hand 54/58 €4,521 €1,483 -€3,039 -67.2%
Deferred charges and accrued income 490/1 €2,972 €2,777 -€195 -6.5%
Total equity and liabilities 10/49 €201,493 €180,110 -€21,383 -10.6%
Equity 10/15 €22,783 €30,080 +€7,297 +32.0%
Contributions 10/11 €18,550 €18,550 = 0.0%
Reserves 13 €4,233 €11,530 +€7,297 +172%
Non-distributable reserves 130/1 €229 €229 = 0.0%
Reserves not available under the articles 1311 €229 €229 = 0.0%
Distributable reserves 133 €4,003 €11,300 +€7,297 +182%
Amounts payable 17/49 €178,711 €150,030 -€28,680 -16.0%
Amounts payable within one year 42/48 €178,711 €150,030 -€28,680 -16.0%
Trade debts 44 €3,191 €4,319 +€1,129 +35.4%
Suppliers 440/4 €3,191 €4,319 +€1,129 +35.4%
Taxes, remuneration and social security 45 €21,564 €16,477 -€5,087 -23.6%
Taxes 450/3 €12,380 €8,384 -€3,996 -32.3%
Remuneration and social security 454/9 €9,184 €8,093 -€1,091 -11.9%
Other amounts payable 47/48 €153,956 €129,234 -€24,722 -16.1%
Remuneration, social security and pensions 62 €20,929 €21,685 +€756 +3.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €140 - -€140
Other operating charges 640/8 €792 €634 -€159 -20.0%
Gross operating margin 9900 €24,337 €34,629 +€10,292 +42.3%
Operating profit (loss) 9901 €2,475 €12,310 +€9,835 +397%
Financial income 75/76B €2 - -€2
Recurring financial income 75 €2 - -€2
Financial charges 65/66B €1,813 €1,107 -€706 -38.9%
Recurring financial charges 65 €1,813 €1,107 -€706 -38.9%
Profit (loss) for the period before taxes 9903 €663 €11,203 +€10,540 +1,589%
Income taxes 67/77 €116 €3,906 +€3,790 +3,276%
Profit (loss) for the period 9904 €548 €7,297 +€6,749 +1,232%
Profit (loss) for the period to be appropriated 9905 €548 €7,297 +€6,749 +1,232%

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 28 October 2026 via checked.be.