Dr HIBBANE: 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.
Dr HIBBANE
Largest movements
- Cash +€90,415
up €90,415 (+149%), from €60,480 to €150,895
mainly Net result for the year (+€82,628) and Receivables within one year (+€18,026)
- Receivables within one year -€18,026
down €18,026 (-37.5%), from €48,067 to €30,041
- Tangible fixed assets -€9,761
down €9,761 (-21.3%), from €45,886 to €36,125
of which Furniture and vehicles: -€9,188
- Profit (loss) carried forward +€82,628
up €82,628 (+63.8%), from €129,433 to €212,061
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Taxes +€25,000
new in 2025: €25,000
- Other operating charges -€6,092
down €6,092 (-94.5%), from €6,444 to €352
- Depreciation +€3,401
up €3,401 (+42.6%), from €7,983 to €11,384
- Gross operating margin -€2,330
down €2,330 (-1.9%), from €120,445 to €118,115
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 | €154,433 | €217,061 | +€62,628 | +40.6% |
| Fixed assets | 21/28 | €45,886 | €36,125 | -€9,761 | -21.3% |
| Tangible fixed assets | 22/27 | €45,886 | €36,125 | -€9,761 | -21.3% |
| Plant, machinery and equipment | 23 | €1,739 | €1,166 | -€573 | -32.9% |
| Furniture and vehicles | 24 | €44,147 | €34,959 | -€9,188 | -20.8% |
| Current assets | 29/58 | €108,547 | €180,936 | +€72,389 | +66.7% |
| Amounts receivable within one year | 40/41 | €48,067 | €30,041 | -€18,026 | -37.5% |
| Other amounts receivable | 41 | €48,067 | €30,041 | -€18,026 | -37.5% |
| Cash at bank and in hand | 54/58 | €60,480 | €150,895 | +€90,415 | +149% |
| Total equity and liabilities | 10/49 | €154,433 | €217,061 | +€62,628 | +40.6% |
| Equity | 10/15 | €134,433 | €217,061 | +€82,628 | +61.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,433 | €212,061 | +€82,628 | +63.8% |
| Amounts payable | 17/49 | €20,000 | - | -€20,000 | |
| Amounts payable within one year | 42/48 | €20,000 | - | -€20,000 | |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,983 | €11,384 | +€3,401 | +42.6% |
| Other operating charges | 640/8 | €6,444 | €352 | -€6,092 | -94.5% |
| Gross operating margin | 9900 | €120,445 | €118,115 | -€2,330 | -1.9% |
| Operating profit (loss) | 9901 | €106,018 | €106,379 | +€361 | +0.3% |
| Financial income | 75/76B | €619 | €1,439 | +€820 | +132% |
| Recurring financial income | 75 | €619 | €1,439 | +€820 | +132% |
| Financial charges | 65/66B | €151 | €190 | +€39 | +25.8% |
| Recurring financial charges | 65 | €151 | €190 | +€39 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €106,486 | €107,628 | +€1,142 | +1.1% |
| Income taxes | 67/77 | - | €25,000 | +€25,000 | |
| Profit (loss) for the period | 9904 | €106,486 | €82,628 | -€23,858 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €106,486 | €82,628 | -€23,858 | -22.4% |
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 21 October 2026 via checked.be.