HI MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€122,023
down €122,023 (-4.4%), from €2.8m to €2.7m
of which Other tangible fixed assets: -€99,329
- Debts after one year -€701,388
down €701,388 (-38.9%), from €1.8m to €1.1m
- Other debts +€664,730
up €664,730 (+128%), from €520,943 to €1.2m
- Current portion of long-term debt -€58,576
down €58,576 (-37.4%), from €156,756 to €98,180
- Trade debts -€48,315
down €48,315 (-48.1%), from €100,489 to €52,174
- Gross operating margin +€41,631
up €41,631 (+11.5%), from €361,231 to €402,862
- Other operating charges +€21,059
up €21,059 (+116%), from €18,201 to €39,260
- Staff costs +€15,711
up €15,711 (+28.3%), from €55,565 to €71,276
- Financial charges -€9,585
down €9,585 (-8.7%), from €110,458 to €100,873
- Depreciation +€9,011
up €9,011 (+5.2%), from €173,642 to €182,653
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 | €2,915,059 | €2,776,714 | -€138,345 | -4.7% |
| Fixed assets | 21/28 | €2,784,791 | €2,662,768 | -€122,023 | -4.4% |
| Tangible fixed assets | 22/27 | €2,784,791 | €2,662,768 | -€122,023 | -4.4% |
| Furniture and vehicles | 24 | €82,861 | €60,167 | -€22,694 | -27.4% |
| Other tangible fixed assets | 26 | €2,701,930 | €2,602,601 | -€99,329 | -3.7% |
| Current assets | 29/58 | €130,268 | €113,946 | -€16,322 | -12.5% |
| Amounts receivable within one year | 40/41 | €28,295 | €31,865 | +€3,570 | +12.6% |
| Trade receivables | 40 | €28,295 | €31,865 | +€3,570 | +12.6% |
| Cash at bank and in hand | 54/58 | €91,734 | €67,901 | -€23,833 | -26.0% |
| Deferred charges and accrued income | 490/1 | €10,239 | €14,180 | +€3,941 | +38.5% |
| Total equity and liabilities | 10/49 | €2,915,059 | €2,776,714 | -€138,345 | -4.7% |
| Equity | 10/15 | €313,017 | €316,766 | +€3,749 | +1.2% |
| Contributions | 10/11 | €18,840 | €18,840 | = | 0.0% |
| Reserves | 13 | €1,884 | €1,884 | = | 0.0% |
| Distributable reserves | 133 | €1,884 | €1,884 | = | 0.0% |
| Profit (loss) carried forward | 14 | €292,293 | €296,042 | +€3,749 | +1.3% |
| Amounts payable | 17/49 | €2,602,042 | €2,459,948 | -€142,094 | -5.5% |
| Amounts payable after more than one year | 17 | €1,804,726 | €1,103,338 | -€701,388 | -38.9% |
| Financial debts | 170/4 | €1,804,726 | €1,103,338 | -€701,388 | -38.9% |
| Amounts payable within one year | 42/48 | €797,316 | €1,356,610 | +€559,294 | +70.1% |
| Current portion of amounts payable after more than one year | 42 | €156,756 | €98,180 | -€58,576 | -37.4% |
| Trade debts | 44 | €100,489 | €52,174 | -€48,315 | -48.1% |
| Suppliers | 440/4 | €100,489 | €52,174 | -€48,315 | -48.1% |
| Taxes, remuneration and social security | 45 | €19,128 | €20,583 | +€1,455 | +7.6% |
| Taxes | 450/3 | €9,213 | €7,544 | -€1,669 | -18.1% |
| Remuneration and social security | 454/9 | €9,915 | €13,039 | +€3,124 | +31.5% |
| Other amounts payable | 47/48 | €520,943 | €1,185,673 | +€664,730 | +128% |
| Non-recurring operating income | 76A | - | €7,720 | +€7,720 | |
| Remuneration, social security and pensions | 62 | €55,565 | €71,276 | +€15,711 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,642 | €182,653 | +€9,011 | +5.2% |
| Other operating charges | 640/8 | €18,201 | €39,260 | +€21,059 | +116% |
| Gross operating margin | 9900 | €361,231 | €402,862 | +€41,631 | +11.5% |
| Operating profit (loss) | 9901 | €113,823 | €109,673 | -€4,150 | -3.6% |
| Financial income | 75/76B | €37 | €26 | -€11 | -29.7% |
| Recurring financial income | 75 | €37 | €26 | -€11 | -29.7% |
| Financial charges | 65/66B | €110,458 | €100,873 | -€9,585 | -8.7% |
| Recurring financial charges | 65 | €110,458 | €100,873 | -€9,585 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €3,402 | €8,826 | +€5,424 | +159% |
| Income taxes | 67/77 | €318 | €5,077 | +€4,759 | +1,497% |
| Profit (loss) for the period | 9904 | €3,084 | €3,749 | +€665 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,084 | €3,749 | +€665 | +21.6% |
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 23 October 2026 via checked.be.