AIR HIPPO: 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.
AIR HIPPO
Largest movements
- Cash +€61,238
up €61,238 (+132%), from €46,265 to €107,504
mainly Net result for the year (+€30,562) and Depreciation (+€23,564)
- Tangible fixed assets -€22,342
down €22,342 (-15.1%), from €148,187 to €125,845
of which Land and buildings: -€20,238
- Reserves +€30,562
up €30,562 (+20.4%), from €149,871 to €180,433
of which Distributable reserves: +€30,562
- Trade debts +€5,086
up €5,086 (+343%), from €1,483 to €6,569
- Gross operating margin +€45,218
up €45,218 (+179%), from €25,247 to €70,465
- Taxes +€14,413
up €14,413 (+2,705%), from €533 to €14,946
- Other operating charges -€814
down €814 (-37.7%), from €2,161 to €1,347
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.
Derived cash bridge
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 | €239,492 | €277,148 | +€37,656 | +15.7% |
| Fixed assets | 21/28 | €148,187 | €125,845 | -€22,342 | -15.1% |
| Tangible fixed assets | 22/27 | €148,187 | €125,845 | -€22,342 | -15.1% |
| Land and buildings | 22 | €137,521 | €117,283 | -€20,238 | -14.7% |
| Plant, machinery and equipment | 23 | €10,222 | €7,372 | -€2,850 | -27.9% |
| Furniture and vehicles | 24 | €445 | €1,190 | +€745 | +168% |
| Current assets | 29/58 | €91,305 | €151,303 | +€59,998 | +65.7% |
| Amounts receivable within one year | 40/41 | €42,759 | €43,604 | +€845 | +2.0% |
| Trade receivables | 40 | €5,548 | €5,107 | -€441 | -7.9% |
| Other amounts receivable | 41 | €37,211 | €38,497 | +€1,286 | +3.5% |
| Cash at bank and in hand | 54/58 | €46,265 | €107,504 | +€61,238 | +132% |
| Deferred charges and accrued income | 490/1 | €2,281 | €195 | -€2,086 | -91.4% |
| Total equity and liabilities | 10/49 | €239,492 | €277,148 | +€37,656 | +15.7% |
| Equity | 10/15 | €236,960 | €267,522 | +€30,562 | +12.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €149,871 | €180,433 | +€30,562 | +20.4% |
| Non-distributable reserves | 130/1 | €8,819 | €8,819 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,819 | €8,819 | = | 0.0% |
| Distributable reserves | 133 | €141,052 | €171,614 | +€30,562 | +21.7% |
| Profit (loss) carried forward | 14 | €80,889 | €80,889 | = | 0.0% |
| Amounts payable | 17/49 | €2,532 | €9,625 | +€7,093 | +280% |
| Amounts payable within one year | 42/48 | €2,532 | €9,625 | +€7,093 | +280% |
| Trade debts | 44 | €1,483 | €6,569 | +€5,086 | +343% |
| Suppliers | 440/4 | €1,483 | €6,569 | +€5,086 | +343% |
| Taxes, remuneration and social security | 45 | €1,049 | €3,056 | +€2,007 | +191% |
| Taxes | 450/3 | €1,049 | €3,056 | +€2,007 | +191% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,932 | €23,564 | +€633 | +2.8% |
| Other operating charges | 640/8 | €2,161 | €1,347 | -€814 | -37.7% |
| Gross operating margin | 9900 | €25,247 | €70,465 | +€45,218 | +179% |
| Operating profit (loss) | 9901 | €155 | €45,554 | +€45,399 | +29,329% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Non-recurring financial income | 76B | - | €39 | +€39 | |
| Financial charges | 65/66B | €344 | €85 | -€260 | -75.3% |
| Recurring financial charges | 65 | €344 | €85 | -€260 | -75.3% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€190 | €45,508 | +€45,698 | |
| Income taxes | 67/77 | €533 | €14,946 | +€14,413 | +2,705% |
| Profit (loss) for the period | 9904 | -€723 | €30,562 | +€31,285 | |
| Profit (loss) for the period to be appropriated | 9905 | -€723 | €30,562 | +€31,285 |
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 26 October 2026 via checked.be.