GG HIPPICO: 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.
GG HIPPICO
Largest movements
- Deferred charges and accrued income +€2,250
new in 2025: €2,250
- Cash -€876
down €876 (-100%), from €876 to €0
mainly Other debts (-€5,313) and Deferred charges and accrued income (-€2,250)
- Other debts -€5,313
down €5,313 (-13.5%), from €39,348 to €34,035
- Trade debts +€4,415
up €4,415 (+18.7%), from €23,599 to €28,014
- Profit (loss) carried forward +€2,112
up €2,112 (+7.1%), from -€29,899 to -€27,787
- Short-term financial debts +€791
new in 2025: €791
- Tax, wage and social debts -€780
down €780 (-15.6%), from €5,016 to €4,236
- Gross operating margin +€10,737
up €10,737, from -€4,988 to €5,749
- Financial charges +€573
up €573 (+349%), from €164 to €737
- Other operating charges -€548
down €548 (-34.8%), from €1,577 to €1,029
- Taxes +€376
up €376 (+30.1%), from €1,249 to €1,626
- Depreciation -€174
down €174 (-41.4%), from €421 to €247
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 | €64,465 | €65,689 | +€1,224 | +1.9% |
| Fixed assets | 21/28 | €272 | €25 | -€247 | -90.8% |
| Tangible fixed assets | 22/27 | €247 | €0 | -€247 | -100% |
| Plant, machinery and equipment | 23 | €247 | €0 | -€247 | -100% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €64,193 | €65,664 | +€1,471 | +2.3% |
| Stocks and contracts in progress | 3 | €20,123 | €20,123 | = | 0.0% |
| Stocks | 30/36 | €20,123 | €20,123 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,194 | €43,291 | +€97 | +0.2% |
| Trade receivables | 40 | €43,153 | €43,249 | +€97 | +0.2% |
| Other amounts receivable | 41 | €42 | €42 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €876 | €0 | -€876 | -100% |
| Deferred charges and accrued income | 490/1 | - | €2,250 | +€2,250 | |
| Total equity and liabilities | 10/49 | €64,465 | €65,689 | +€1,224 | +1.9% |
| Equity | 10/15 | -€3,499 | -€1,387 | +€2,112 | +60.4% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €2,400 | €2,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,899 | -€27,787 | +€2,112 | +7.1% |
| Amounts payable | 17/49 | €67,964 | €67,076 | -€888 | -1.3% |
| Amounts payable within one year | 42/48 | €67,964 | €67,076 | -€888 | -1.3% |
| Financial debts | 43 | - | €791 | +€791 | |
| Credit institutions | 430/8 | - | €791 | +€791 | |
| Trade debts | 44 | €23,599 | €28,014 | +€4,415 | +18.7% |
| Suppliers | 440/4 | €23,599 | €28,014 | +€4,415 | +18.7% |
| Taxes, remuneration and social security | 45 | €5,016 | €4,236 | -€780 | -15.6% |
| Taxes | 450/3 | €5,016 | €4,236 | -€780 | -15.6% |
| Other amounts payable | 47/48 | €39,348 | €34,035 | -€5,313 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €421 | €247 | -€174 | -41.4% |
| Other operating charges | 640/8 | €1,577 | €1,029 | -€548 | -34.8% |
| Gross operating margin | 9900 | -€4,988 | €5,749 | +€10,737 | |
| Operating profit (loss) | 9901 | -€6,986 | €4,473 | +€11,459 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +245% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +245% |
| Financial charges | 65/66B | €164 | €737 | +€573 | +349% |
| Recurring financial charges | 65 | €164 | €737 | +€573 | +349% |
| Profit (loss) for the period before taxes | 9903 | -€7,150 | €3,737 | +€10,887 | |
| Income taxes | 67/77 | €1,249 | €1,626 | +€376 | +30.1% |
| Profit (loss) for the period | 9904 | -€8,399 | €2,112 | +€10,511 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,399 | €2,112 | +€10,511 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.