H.I. SYSTEMS: 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. SYSTEMS
Largest movements
- Tangible fixed assets -€20,251
down €20,251 (-26.2%), from €77,390 to €57,139
of which Furniture and vehicles: -€11,359
- Receivables within one year +€11,069
up €11,069 (+10.3%), from €107,688 to €118,758
of which Trade receivables: +€6,558
- Cash +€7,315
up €7,315 (+346%), from €2,117 to €9,432
mainly Depreciation (+€29,743) and Other debts (+€10,558)
- Other debts +€10,558
new in 2025: €10,558
- Current portion of long-term debt -€4,669
down €4,669 (-36.7%), from €12,739 to €8,070
- Trade debts -€4,286
down €4,286 (-12.1%), from €35,359 to €31,073
- Debts after one year -€3,070
down €3,070 (-4.5%), from €68,032 to €64,962
of which Financial debts: -€8,070
- Gross operating margin +€5,677
up €5,677 (+15.7%), from €36,203 to €41,879
- Financial charges +€3,372
up €3,372 (+214%), from €1,577 to €4,949
- Financial income +€1,859
new in 2025: €1,859
- Depreciation +€1,660
up €1,660 (+5.9%), from €28,083 to €29,743
- Other operating charges -€1,000
down €1,000 (-64.1%), from €1,560 to €560
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 | €187,196 | €185,329 | -€1,867 | -1.0% |
| Fixed assets | 21/28 | €77,390 | €57,139 | -€20,251 | -26.2% |
| Tangible fixed assets | 22/27 | €77,390 | €57,139 | -€20,251 | -26.2% |
| Land and buildings | 22 | €13,056 | €10,097 | -€2,960 | -22.7% |
| Plant, machinery and equipment | 23 | €8,747 | €7,403 | -€1,343 | -15.4% |
| Furniture and vehicles | 24 | €46,408 | €35,050 | -€11,359 | -24.5% |
| Leasing and similar rights | 25 | €9,179 | €4,590 | -€4,589 | -50.0% |
| Current assets | 29/58 | €109,805 | €128,189 | +€18,384 | +16.7% |
| Amounts receivable within one year | 40/41 | €107,688 | €118,758 | +€11,069 | +10.3% |
| Trade receivables | 40 | €63,865 | €70,424 | +€6,558 | +10.3% |
| Other amounts receivable | 41 | €43,823 | €48,334 | +€4,511 | +10.3% |
| Cash at bank and in hand | 54/58 | €2,117 | €9,432 | +€7,315 | +346% |
| Total equity and liabilities | 10/49 | €187,196 | €185,329 | -€1,867 | -1.0% |
| Equity | 10/15 | €63,614 | €64,806 | +€1,192 | +1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €32,147 | €32,147 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,675 | €23,675 | = | 0.0% |
| Distributable reserves | 133 | €6,612 | €6,612 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,267 | €26,458 | +€1,192 | +4.7% |
| Amounts payable | 17/49 | €123,582 | €120,523 | -€3,059 | -2.5% |
| Amounts payable after more than one year | 17 | €68,032 | €64,962 | -€3,070 | -4.5% |
| Financial debts | 170/4 | €23,032 | €14,962 | -€8,070 | -35.0% |
| Other amounts payable | 178/9 | €45,000 | €50,000 | +€5,000 | +11.1% |
| Amounts payable within one year | 42/48 | €55,550 | €55,561 | +€11 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €12,739 | €8,070 | -€4,669 | -36.7% |
| Trade debts | 44 | €35,359 | €31,073 | -€4,286 | -12.1% |
| Suppliers | 440/4 | €35,359 | €31,073 | -€4,286 | -12.1% |
| Taxes, remuneration and social security | 45 | €7,452 | €5,859 | -€1,592 | -21.4% |
| Taxes | 450/3 | €7,452 | €5,859 | -€1,592 | -21.4% |
| Other amounts payable | 47/48 | - | €10,558 | +€10,558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,083 | €29,743 | +€1,660 | +5.9% |
| Other operating charges | 640/8 | €1,560 | €560 | -€1,000 | -64.1% |
| Gross operating margin | 9900 | €36,203 | €41,879 | +€5,677 | +15.7% |
| Operating profit (loss) | 9901 | €6,559 | €11,576 | +€5,017 | +76.5% |
| Financial income | 75/76B | - | €1,859 | +€1,859 | |
| Recurring financial income | 75 | - | €1,859 | +€1,859 | |
| Financial charges | 65/66B | €1,577 | €4,949 | +€3,372 | +214% |
| Recurring financial charges | 65 | €1,577 | €4,949 | +€3,372 | +214% |
| Profit (loss) for the period before taxes | 9903 | €4,982 | €8,487 | +€3,505 | +70.3% |
| Income taxes | 67/77 | €2,087 | €1,295 | -€792 | -38.0% |
| Profit (loss) for the period | 9904 | €2,895 | €7,192 | +€4,297 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €2,895 | €7,192 | +€4,297 | +148% |
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 16 October 2026 via checked.be.