H.I.M.: 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.M.
Largest movements
- Cash +€37,188
up €37,188 (+88.2%), from €42,149 to €79,337
mainly Net result for the year (+€41,630) and Depreciation (+€17,108)
- Tangible fixed assets -€15,571
down €15,571 (-9.6%), from €162,619 to €147,048
of which Land and buildings: -€14,853
- Receivables within one year +€3,467
up €3,467 (+50.0%), from €6,932 to €10,399
of which Trade receivables: +€2,551
- Profit (loss) carried forward +€28,249
up €28,249, from -€28,249 to €0
- Debts after one year -€23,679
down €23,679 (-21.0%), from €112,941 to €89,262
- Reserves +€13,381
new in 2025: €13,381
- Tax, wage and social debts +€4,557
up €4,557 (+128%), from €3,568 to €8,125
of which Taxes: +€3,955
- Other debts -€2,989
down €2,989 (-77.6%), from €3,852 to €862
- Taxes +€3,447
new in 2025: €3,447
- Gross operating margin +€774
up €774 (+1.1%), from €70,458 to €71,232
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 | €218,934 | €242,771 | +€23,837 | +10.9% |
| Fixed assets | 21/28 | €162,754 | €147,183 | -€15,571 | -9.6% |
| Tangible fixed assets | 22/27 | €162,619 | €147,048 | -€15,571 | -9.6% |
| Land and buildings | 22 | €151,152 | €136,299 | -€14,853 | -9.8% |
| Plant, machinery and equipment | 23 | €11,466 | €9,332 | -€2,134 | -18.6% |
| Furniture and vehicles | 24 | - | €1,417 | +€1,417 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €56,181 | €95,588 | +€39,408 | +70.1% |
| Stocks and contracts in progress | 3 | €4,007 | €3,667 | -€340 | -8.5% |
| Stocks | 30/36 | €4,007 | €3,667 | -€340 | -8.5% |
| Amounts receivable within one year | 40/41 | €6,932 | €10,399 | +€3,467 | +50.0% |
| Trade receivables | 40 | €6,932 | €9,483 | +€2,551 | +36.8% |
| Other amounts receivable | 41 | €0 | €916 | +€916 | |
| Cash at bank and in hand | 54/58 | €42,149 | €79,337 | +€37,188 | +88.2% |
| Deferred charges and accrued income | 490/1 | €3,093 | €2,186 | -€907 | -29.3% |
| Total equity and liabilities | 10/49 | €218,934 | €242,771 | +€23,837 | +10.9% |
| Equity | 10/15 | €75,351 | €116,981 | +€41,630 | +55.2% |
| Contributions | 10/11 | €103,600 | €103,600 | = | 0.0% |
| Reserves | 13 | - | €13,381 | +€13,381 | |
| Distributable reserves | 133 | - | €13,381 | +€13,381 | |
| Profit (loss) carried forward | 14 | -€28,249 | €0 | +€28,249 | |
| Amounts payable | 17/49 | €143,584 | €125,790 | -€17,793 | -12.4% |
| Amounts payable after more than one year | 17 | €112,941 | €89,262 | -€23,679 | -21.0% |
| Financial debts | 170/4 | €112,941 | €89,262 | -€23,679 | -21.0% |
| Amounts payable within one year | 42/48 | €30,643 | €36,528 | +€5,886 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €21,632 | €23,679 | +€2,047 | +9.5% |
| Trade debts | 44 | €1,592 | €3,862 | +€2,271 | +143% |
| Suppliers | 440/4 | €1,592 | €3,862 | +€2,271 | +143% |
| Taxes, remuneration and social security | 45 | €3,568 | €8,125 | +€4,557 | +128% |
| Taxes | 450/3 | €216 | €4,171 | +€3,955 | +1,833% |
| Remuneration and social security | 454/9 | €3,352 | €3,954 | +€602 | +18.0% |
| Other amounts payable | 47/48 | €3,852 | €862 | -€2,989 | -77.6% |
| Non-recurring operating income | 76A | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,333 | €17,108 | -€225 | -1.3% |
| Other operating charges | 640/8 | €3,737 | €4,010 | +€273 | +7.3% |
| Gross operating margin | 9900 | €70,458 | €71,232 | +€774 | +1.1% |
| Operating profit (loss) | 9901 | €49,388 | €50,114 | +€726 | +1.5% |
| Financial income | 75/76B | €41 | €3 | -€38 | -93.1% |
| Recurring financial income | 75 | €41 | €3 | -€38 | -93.1% |
| Financial charges | 65/66B | €4,492 | €5,040 | +€547 | +12.2% |
| Recurring financial charges | 65 | €4,492 | €5,040 | +€547 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €44,937 | €45,077 | +€140 | +0.3% |
| Income taxes | 67/77 | - | €3,447 | +€3,447 | |
| Profit (loss) for the period | 9904 | €44,937 | €41,630 | -€3,306 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,937 | €41,630 | -€3,306 | -7.4% |
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 27 October 2026 via checked.be.