H.I.C.: 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.
H.I.C.
Largest movements
- Cash +€38,852
up €38,852 (+42.5%), from €91,513 to €130,365
mainly Net result for the year (+€46,427) and Receivables within one year (+€9,660)
- Receivables within one year -€9,660
down €9,660 (-71.8%), from €13,457 to €3,798
of which Trade receivables: -€9,174
- Tangible fixed assets -€1,619
down €1,619 (-32.1%), from €5,041 to €3,423
of which Furniture and vehicles: -€869
- Reserves +€46,427
up €46,427 (+182%), from €25,474 to €71,902
- Other debts -€15,586
down €15,586 (-71.6%), from €21,783 to €6,197
- Tax, wage and social debts -€3,821
down €3,821 (-55.1%), from €6,928 to €3,107
- Gross operating margin +€8,217
up €8,217 (+12.7%), from €64,888 to €73,105
- Taxes +€4,179
up €4,179 (+22.1%), from €18,928 to €23,107
- Financial income +€1,000
up €1,000 (+595%), from €168 to €1,168
- Financial charges +€922
up €922 (+54.9%), from €1,678 to €2,600
of which Non-recurring financial charges: +€2,000
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 | €110,012 | €137,586 | +€27,574 | +25.1% |
| Fixed assets | 21/28 | €5,041 | €3,423 | -€1,619 | -32.1% |
| Tangible fixed assets | 22/27 | €5,041 | €3,423 | -€1,619 | -32.1% |
| Plant, machinery and equipment | 23 | €924 | €174 | -€750 | -81.1% |
| Furniture and vehicles | 24 | €4,118 | €3,249 | -€869 | -21.1% |
| Current assets | 29/58 | €104,971 | €134,163 | +€29,192 | +27.8% |
| Amounts receivable within one year | 40/41 | €13,457 | €3,798 | -€9,660 | -71.8% |
| Trade receivables | 40 | €12,862 | €3,688 | -€9,174 | -71.3% |
| Other amounts receivable | 41 | €595 | €110 | -€486 | -81.6% |
| Cash at bank and in hand | 54/58 | €91,513 | €130,365 | +€38,852 | +42.5% |
| Total equity and liabilities | 10/49 | €110,012 | €137,586 | +€27,574 | +25.1% |
| Equity | 10/15 | €44,074 | €90,502 | +€46,427 | +105% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,474 | €71,902 | +€46,427 | +182% |
| Distributable reserves | 133 | €25,474 | €71,902 | +€46,427 | +182% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €37,227 | €37,227 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €37,227 | €37,227 | = | 0.0% |
| Pensions and similar obligations | 160 | €37,227 | €37,227 | = | 0.0% |
| Amounts payable | 17/49 | €28,711 | €9,857 | -€18,854 | -65.7% |
| Amounts payable within one year | 42/48 | €28,711 | €9,857 | -€18,854 | -65.7% |
| Trade debts | 44 | €0 | €552 | +€552 | |
| Suppliers | 440/4 | €0 | €552 | +€552 | |
| Taxes, remuneration and social security | 45 | €6,928 | €3,107 | -€3,821 | -55.1% |
| Taxes | 450/3 | €6,928 | €3,107 | -€3,821 | -55.1% |
| Other amounts payable | 47/48 | €21,783 | €6,197 | -€15,586 | -71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €977 | €1,619 | +€642 | +65.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €64,888 | €73,105 | +€8,217 | +12.7% |
| Operating profit (loss) | 9901 | €63,406 | €70,967 | +€7,561 | +11.9% |
| Financial income | 75/76B | €168 | €1,168 | +€1,000 | +595% |
| Recurring financial income | 75 | €168 | €1,168 | +€1,000 | +595% |
| Financial charges | 65/66B | €1,678 | €2,600 | +€922 | +54.9% |
| Recurring financial charges | 65 | €1,678 | €600 | -€1,078 | -64.3% |
| Non-recurring financial charges | 66B | - | €2,000 | +€2,000 | |
| Profit (loss) for the period before taxes | 9903 | €61,896 | €69,535 | +€7,639 | +12.3% |
| Income taxes | 67/77 | €18,928 | €23,107 | +€4,179 | +22.1% |
| Profit (loss) for the period | 9904 | €42,968 | €46,427 | +€3,460 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,968 | €46,427 | +€3,460 | +8.1% |
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 22 October 2026 via checked.be.