HI: 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.
HI
Largest movements
- Cash -€14,554
down €14,554 (-59.2%), from €24,570 to €10,016
mainly Receivables within one year (-€12,068) and Trade debts (-€1,540)
- Receivables within one year +€12,068
up €12,068 (+20.7%), from €58,259 to €70,327
of which Other amounts receivable: +€15,817
- Trade debts -€1,540
down €1,540 (-40.4%), from €3,811 to €2,271
- Profit (loss) carried forward -€1,252
down €1,252 (-6.0%), from -€20,934 to -€22,186
- Gross operating margin -€1,061
down €1,061, from €962 to -€99
- Financial income +€171
up €171 (+102%), from €168 to €339
- Depreciation +€164
up €164 (+29.0%), from €566 to €730
- Financial charges +€108
up €108 (+133%), from €81 to €189
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 | €84,259 | €81,467 | -€2,792 | -3.3% |
| Fixed assets | 21/28 | €1,377 | €647 | -€730 | -53.0% |
| Tangible fixed assets | 22/27 | €1,377 | €647 | -€730 | -53.0% |
| Plant, machinery and equipment | 23 | €152 | - | -€152 | |
| Furniture and vehicles | 24 | €741 | €488 | -€253 | -34.1% |
| Other tangible fixed assets | 26 | €484 | €159 | -€325 | -67.1% |
| Current assets | 29/58 | €82,882 | €80,820 | -€2,062 | -2.5% |
| Amounts receivable within one year | 40/41 | €58,259 | €70,327 | +€12,068 | +20.7% |
| Trade receivables | 40 | €20,289 | €16,540 | -€3,749 | -18.5% |
| Other amounts receivable | 41 | €37,970 | €53,787 | +€15,817 | +41.7% |
| Cash at bank and in hand | 54/58 | €24,570 | €10,016 | -€14,554 | -59.2% |
| Deferred charges and accrued income | 490/1 | €53 | €477 | +€424 | +800% |
| Total equity and liabilities | 10/49 | €84,259 | €81,467 | -€2,792 | -3.3% |
| Equity | 10/15 | €80,448 | €79,196 | -€1,252 | -1.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €95,185 | €95,185 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €93,326 | €93,326 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,934 | -€22,186 | -€1,252 | -6.0% |
| Amounts payable | 17/49 | €3,811 | €2,271 | -€1,540 | -40.4% |
| Amounts payable within one year | 42/48 | €3,811 | €2,271 | -€1,540 | -40.4% |
| Trade debts | 44 | €3,811 | €2,271 | -€1,540 | -40.4% |
| Suppliers | 440/4 | €3,811 | €2,271 | -€1,540 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566 | €730 | +€164 | +29.0% |
| Other operating charges | 640/8 | €518 | €523 | +€5 | +1.0% |
| Gross operating margin | 9900 | €962 | -€99 | -€1,061 | |
| Operating profit (loss) | 9901 | -€122 | -€1,352 | -€1,230 | -1,008% |
| Financial income | 75/76B | €168 | €339 | +€171 | +102% |
| Recurring financial income | 75 | €168 | €339 | +€171 | +102% |
| Financial charges | 65/66B | €81 | €189 | +€108 | +133% |
| Recurring financial charges | 65 | €81 | €189 | +€108 | +133% |
| Profit (loss) for the period before taxes | 9903 | -€35 | -€1,202 | -€1,167 | -3,334% |
| Income taxes | 67/77 | €52 | €50 | -€2 | -3.8% |
| Profit (loss) for the period | 9904 | -€87 | -€1,252 | -€1,165 | -1,339% |
| Profit (loss) for the period to be appropriated | 9905 | -€87 | -€1,252 | -€1,165 | -1,339% |
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 14 October 2026 via checked.be.