De Himalaya: 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.
De Himalaya
Largest movements
- Cash -€95,420
down €95,420 (-90.9%), from €104,967 to €9,547
mainly Other debts (-€59,076) and Receivables within one year (-€36,491)
- Receivables within one year +€36,491
up €36,491 (+665%), from €5,486 to €41,977
of which Trade receivables: +€23,889
- Current investments +€30,000
new in 2025: €30,000
- Tangible fixed assets -€5,476
down €5,476 (-2.4%), from €223,532 to €218,056
of which Furniture and vehicles: -€5,476
- Other debts -€59,076
down €59,076 (-44.4%), from €132,908 to €73,832
- Trade debts +€14,555
up €14,555 (+467%), from €3,116 to €17,671
- Advances received +€5,017
new in 2025: €5,017
- Reserves +€3,450
up €3,450 (+4.6%), from €75,192 to €78,642
- Gross operating margin -€103,186
down €103,186 (-84.7%), from €121,790 to €18,604
- Taxes -€23,581
down €23,581 (-92.7%), from €25,427 to €1,846
- Financial charges -€2,434
down €2,434 (-24.2%), from €10,049 to €7,615
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 | €334,103 | €300,183 | -€33,920 | -10.2% |
| Fixed assets | 21/28 | €223,532 | €218,056 | -€5,476 | -2.4% |
| Tangible fixed assets | 22/27 | €223,532 | €218,056 | -€5,476 | -2.4% |
| Furniture and vehicles | 24 | €22,652 | €17,176 | -€5,476 | -24.2% |
| Other tangible fixed assets | 26 | €200,880 | €200,880 | = | 0.0% |
| Current assets | 29/58 | €110,572 | €82,127 | -€28,444 | -25.7% |
| Amounts receivable within one year | 40/41 | €5,486 | €41,977 | +€36,491 | +665% |
| Trade receivables | 40 | - | €23,889 | +€23,889 | |
| Other amounts receivable | 41 | €5,486 | €18,088 | +€12,602 | +230% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €104,967 | €9,547 | -€95,420 | -90.9% |
| Deferred charges and accrued income | 490/1 | €119 | €603 | +€484 | +408% |
| Total equity and liabilities | 10/49 | €334,103 | €300,183 | -€33,920 | -10.2% |
| Equity | 10/15 | €195,192 | €198,642 | +€3,450 | +1.8% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €75,192 | €78,642 | +€3,450 | +4.6% |
| Distributable reserves | 133 | €75,192 | €78,642 | +€3,450 | +4.6% |
| Amounts payable | 17/49 | €138,911 | €101,541 | -€37,370 | -26.9% |
| Amounts payable within one year | 42/48 | €138,911 | €101,541 | -€37,370 | -26.9% |
| Trade debts | 44 | €3,116 | €17,671 | +€14,555 | +467% |
| Suppliers | 440/4 | €3,116 | €17,671 | +€14,555 | +467% |
| Advances received on contracts in progress | 46 | - | €5,017 | +€5,017 | |
| Taxes, remuneration and social security | 45 | €2,887 | €5,022 | +€2,134 | +73.9% |
| Taxes | 450/3 | €2,887 | €5,022 | +€2,134 | +73.9% |
| Other amounts payable | 47/48 | €132,908 | €73,832 | -€59,076 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,728 | €5,476 | +€748 | +15.8% |
| Other operating charges | 640/8 | €360 | €316 | -€45 | -12.4% |
| Gross operating margin | 9900 | €121,790 | €18,604 | -€103,186 | -84.7% |
| Operating profit (loss) | 9901 | €116,702 | €12,812 | -€103,889 | -89.0% |
| Financial income | 75/76B | €486 | €98 | -€388 | -79.8% |
| Recurring financial income | 75 | €486 | €98 | -€388 | -79.8% |
| Financial charges | 65/66B | €10,049 | €7,615 | -€2,434 | -24.2% |
| Recurring financial charges | 65 | €10,049 | €7,615 | -€2,434 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €107,140 | €5,296 | -€101,844 | -95.1% |
| Income taxes | 67/77 | €25,427 | €1,846 | -€23,581 | -92.7% |
| Profit (loss) for the period | 9904 | €81,712 | €3,450 | -€78,262 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,712 | €3,450 | -€78,262 | -95.8% |
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.