Hi!: what changed
Two fiscal 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 -€45,171
down €45,171 (-42.5%), from €106,164 to €60,993
mainly Contributions, distributions and other (-€73,529) and Investment in fixed assets (net) (-€14,639)
- Receivables within one year +€5,371
up €5,371 (+11.7%), from €45,769 to €51,140
of which Trade receivables: +€2,732
- Reserves -€34,350
down €34,350 (-21.4%), from €160,387 to €126,037
- Other debts -€6,236
down €6,236 (-78.4%), from €7,955 to €1,718
- Trade debts -€4,435
down €4,435 (-27.4%), from €16,169 to €11,734
- Tax, wage and social debts +€2,664
up €2,664 (+11.2%), from €23,750 to €26,415
of which Taxes: +€1,372
- Gross operating margin -€20,026
down €20,026 (-13.7%), from €146,536 to €126,511
- Staff costs -€13,229
down €13,229 (-19.5%), from €67,907 to €54,678
- Depreciation +€5,498
up €5,498 (+52.6%), from €10,457 to €15,955
- Taxes -€2,640
down €2,640 (-17.5%), from €15,124 to €12,484
- Financial charges +€1,752
up €1,752 (+129.8%), from €1,350 to €3,102
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.
Cash bridge derived
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 | €218,261 | €177,186 | -€41,075 | -18.8% |
| Fixed assets | 21/28 | €65,676 | €64,360 | -€1,315 | -2.0% |
| Tangible fixed assets | 22/27 | €65,676 | €64,360 | -€1,315 | -2.0% |
| Furniture and vehicles | 24 | €55,971 | €55,797 | -€174 | -0.3% |
| Other tangible fixed assets | 26 | €9,705 | €8,563 | -€1,142 | -11.8% |
| Current assets | 29/58 | €152,585 | €112,825 | -€39,760 | -26.1% |
| Amounts receivable within one year | 40/41 | €45,769 | €51,140 | +€5,371 | +11.7% |
| Trade receivables | 40 | €40,893 | €43,624 | +€2,732 | +6.7% |
| Other amounts receivable | 41 | €4,876 | €7,516 | +€2,640 | +54.1% |
| Cash at bank and in hand | 54/58 | €106,164 | €60,993 | -€45,171 | -42.5% |
| Deferred charges and accrued income | 490/1 | €653 | €693 | +€40 | +6.1% |
| Total equity and liabilities | 10/49 | €218,261 | €177,186 | -€41,075 | -18.8% |
| Equity | 10/15 | €170,387 | €136,037 | -€34,350 | -20.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €160,387 | €126,037 | -€34,350 | -21.4% |
| Distributable reserves | 133 | €160,387 | €126,037 | -€34,350 | -21.4% |
| Amounts payable | 17/49 | €47,874 | €41,149 | -€6,725 | -14.0% |
| Amounts payable within one year | 42/48 | €47,874 | €41,149 | -€6,725 | -14.0% |
| Financial debts | 43 | - | €1,282 | +€1,282 | |
| Credit institutions | 430/8 | - | €1,282 | +€1,282 | |
| Trade debts | 44 | €16,169 | €11,734 | -€4,435 | -27.4% |
| Suppliers | 440/4 | €16,169 | €11,734 | -€4,435 | -27.4% |
| Taxes, remuneration and social security | 45 | €23,750 | €26,415 | +€2,664 | +11.2% |
| Taxes | 450/3 | €15,720 | €17,093 | +€1,372 | +8.7% |
| Remuneration and social security | 454/9 | €8,030 | €9,322 | +€1,292 | +16.1% |
| Other amounts payable | 47/48 | €7,955 | €1,718 | -€6,236 | -78.4% |
| Remuneration, social security and pensions | 62 | €67,907 | €54,678 | -€13,229 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,457 | €15,955 | +€5,498 | +52.6% |
| Other operating charges | 640/8 | €989 | €1,114 | +€125 | +12.6% |
| Gross operating margin | 9900 | €146,536 | €126,511 | -€20,026 | -13.7% |
| Operating profit (loss) | 9901 | €67,184 | €54,765 | -€12,419 | -18.5% |
| Financial income | 75/76B | €69 | €0 | -€69 | -99.3% |
| Recurring financial income | 75 | €69 | €0 | -€69 | -99.3% |
| Financial charges | 65/66B | €1,350 | €3,102 | +€1,752 | +129.8% |
| Recurring financial charges | 65 | €1,350 | €3,102 | +€1,752 | +129.8% |
| Profit (loss) for the period before taxes | 9903 | €65,903 | €51,663 | -€14,240 | -21.6% |
| Income taxes | 67/77 | €15,124 | €12,484 | -€2,640 | -17.5% |
| Profit (loss) for the period | 9904 | €50,779 | €39,179 | -€11,600 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,779 | €39,179 | -€11,600 | -22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.