HI1: 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.
HI1
Largest movements
- Cash +€512,174
up €512,174 (+2217.2%), from €23,100 to €535,275
mainly Net result for the year (+€541,804) and Other debts (+€8,079)
- Receivables within one year +€11,032
new in 2025: €11,032
of which Trade receivables: +€11,000
- Reserves +€541,644
up €541,644 (+3033.3%), from €17,856 to €559,501
- Debts after one year -€25,000
down €25,000 (-21.7%), from €115,000 to €90,000
- Other debts +€8,079
up €8,079 (+768.5%), from €1,051 to €9,130
- Financial income +€499,993
up €499,993 (+7152975.8%), from €7 to €500,000
- Gross operating margin +€44,898
up €44,898 (+221.5%), from €20,266 to €65,164
- Taxes +€6,487
up €6,487 (+108.5%), from €5,981 to €12,468
- Depreciation -€775
down €775 (-53.4%), from €1,453 to €677
- Other operating charges -€716
down €716 (-44.5%), from €1,609 to €893
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 | €148,778 | €671,537 | +€522,759 | +351.4% |
| Fixed assets | 21/28 | €125,677 | €125,000 | -€677 | -0.5% |
| Tangible fixed assets | 22/27 | €677 | €0 | -€677 | -100.0% |
| Furniture and vehicles | 24 | €677 | €0 | -€677 | -100.0% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €23,100 | €546,537 | +€523,437 | +2265.9% |
| Amounts receivable within one year | 40/41 | - | €11,032 | +€11,032 | |
| Trade receivables | 40 | - | €11,000 | +€11,000 | |
| Other amounts receivable | 41 | - | €32 | +€32 | |
| Cash at bank and in hand | 54/58 | €23,100 | €535,275 | +€512,174 | +2217.2% |
| Deferred charges and accrued income | 490/1 | €0 | €230 | +€230 | |
| Total equity and liabilities | 10/49 | €148,778 | €671,537 | +€522,759 | +351.4% |
| Equity | 10/15 | €20,356 | €562,001 | +€541,644 | +2660.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,856 | €559,501 | +€541,644 | +3033.3% |
| Distributable reserves | 133 | €17,856 | €559,501 | +€541,644 | +3033.3% |
| Amounts payable | 17/49 | €128,421 | €109,537 | -€18,885 | -14.7% |
| Amounts payable after more than one year | 17 | €115,000 | €90,000 | -€25,000 | -21.7% |
| Financial debts | 170/4 | €115,000 | €90,000 | -€25,000 | -21.7% |
| Amounts payable within one year | 42/48 | €5,716 | €11,411 | +€5,694 | +99.6% |
| Trade debts | 44 | €791 | €651 | -€140 | -17.7% |
| Suppliers | 440/4 | €791 | €651 | -€140 | -17.7% |
| Taxes, remuneration and social security | 45 | €3,874 | €1,629 | -€2,245 | -57.9% |
| Taxes | 450/3 | €3,874 | €1,629 | -€2,245 | -57.9% |
| Other amounts payable | 47/48 | €1,051 | €9,130 | +€8,079 | +768.5% |
| Accrued charges and deferred income | 492/3 | €7,705 | €8,126 | +€421 | +5.5% |
| Non-recurring operating income | 76A | - | €3,252 | +€3,252 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,453 | €677 | -€775 | -53.4% |
| Other operating charges | 640/8 | €1,609 | €893 | -€716 | -44.5% |
| Gross operating margin | 9900 | €20,266 | €65,164 | +€44,898 | +221.5% |
| Operating profit (loss) | 9901 | €17,204 | €63,593 | +€46,389 | +269.6% |
| Financial income | 75/76B | €7 | €500,000 | +€499,993 | +7152975.8% |
| Recurring financial income | 75 | €7 | €500,000 | +€499,993 | +7152975.8% |
| Financial charges | 65/66B | €8,821 | €9,322 | +€500 | +5.7% |
| Recurring financial charges | 65 | €8,821 | €9,322 | +€500 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €8,390 | €554,272 | +€545,882 | +6506.4% |
| Income taxes | 67/77 | €5,981 | €12,468 | +€6,487 | +108.5% |
| Profit (loss) for the period | 9904 | €2,409 | €541,804 | +€539,395 | +22389.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,409 | €541,804 | +€539,395 | +22389.4% |
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 12 October 2026 via checked.be.