HI - STYLE: 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 - STYLE
Largest movements
- Current investments -€30,000
down €30,000 (-23.1%), from €130,000 to €100,000
- Receivables within one year +€14,432
up €14,432 (+98.8%), from €14,614 to €29,046
of which Other amounts receivable: +€14,432
- Cash +€8,602
up €8,602 (+67.2%), from €12,791 to €21,393
mainly Current investments (+€30,000) and Depreciation (+€8,569)
- Profit (loss) carried forward -€11,004
down €11,004, from €0 to -€11,004
- Trade debts +€5,949
up €5,949 (+202%), from €2,950 to €8,900
- Financial income +€3,162
up €3,162 (+390%), from €812 to €3,974
- Gross operating margin +€2,290
up €2,290 (+50.6%), from -€4,529 to -€2,239
- Depreciation +€504
up €504 (+6.2%), from €8,065 to €8,569
- Other operating charges +€124
up €124 (+3.4%), from €3,681 to €3,805
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 | €191,446 | €186,422 | -€5,024 | -2.6% |
| Fixed assets | 21/28 | €32,433 | €33,323 | +€890 | +2.7% |
| Tangible fixed assets | 22/27 | €32,433 | €33,323 | +€890 | +2.7% |
| Land and buildings | 22 | - | €21,023 | +€21,023 | |
| Plant, machinery and equipment | 23 | €23 | €0 | -€23 | -100% |
| Furniture and vehicles | 24 | €3,100 | €3,087 | -€13 | -0.4% |
| Leasing and similar rights | 25 | €28,044 | - | -€28,044 | |
| Other tangible fixed assets | 26 | €1,267 | €9,214 | +€7,946 | +627% |
| Current assets | 29/58 | €159,012 | €153,098 | -€5,914 | -3.7% |
| Amounts receivable within one year | 40/41 | €14,614 | €29,046 | +€14,432 | +98.8% |
| Trade receivables | 40 | €56 | €56 | = | 0.0% |
| Other amounts receivable | 41 | €14,558 | €28,989 | +€14,432 | +99.1% |
| Current investments | 50/53 | €130,000 | €100,000 | -€30,000 | -23.1% |
| Cash at bank and in hand | 54/58 | €12,791 | €21,393 | +€8,602 | +67.2% |
| Deferred charges and accrued income | 490/1 | €1,607 | €2,660 | +€1,053 | +65.5% |
| Total equity and liabilities | 10/49 | €191,446 | €186,422 | -€5,024 | -2.6% |
| Equity | 10/15 | €173,925 | €162,921 | -€11,004 | -6.3% |
| Contributions | 10/11 | €100,273 | €100,273 | = | 0.0% |
| Reserves | 13 | €73,652 | €73,652 | = | 0.0% |
| Distributable reserves | 133 | €73,652 | €73,652 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€11,004 | -€11,004 | |
| Amounts payable | 17/49 | €17,521 | €23,501 | +€5,980 | +34.1% |
| Amounts payable after more than one year | 17 | €7,625 | €7,625 | = | 0.0% |
| Other amounts payable | 178/9 | €7,625 | €7,625 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,048 | €14,998 | +€5,949 | +65.7% |
| Trade debts | 44 | €2,950 | €8,900 | +€5,949 | +202% |
| Suppliers | 440/4 | €2,950 | €8,900 | +€5,949 | +202% |
| Taxes, remuneration and social security | 45 | €6,098 | €6,098 | = | 0.0% |
| Taxes | 450/3 | €6,098 | €6,098 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €847 | €878 | +€31 | +3.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,065 | €8,569 | +€504 | +6.2% |
| Other operating charges | 640/8 | €3,681 | €3,805 | +€124 | +3.4% |
| Gross operating margin | 9900 | -€4,529 | -€2,239 | +€2,290 | +50.6% |
| Operating profit (loss) | 9901 | -€16,275 | -€14,613 | +€1,662 | +10.2% |
| Financial income | 75/76B | €812 | €3,974 | +€3,162 | +390% |
| Recurring financial income | 75 | €812 | €3,974 | +€3,162 | +390% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.1% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,537 | -€10,714 | +€4,822 | +31.0% |
| Income taxes | 67/77 | €271 | €290 | +€19 | +7.1% |
| Profit (loss) for the period | 9904 | -€15,808 | -€11,004 | +€4,803 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,808 | -€11,004 | +€4,803 | +30.4% |
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 20 October 2026 via checked.be.