HI10 SEED: 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.
HI10 SEED
Largest movements
- Deferred charges and accrued income +€100,024
up €100,024 (+8,388%), from €1,193 to €101,216
- Cash +€95,068
up €95,068 (+69.3%), from €137,134 to €232,201
mainly Net result for the year (+€268,800) and Depreciation (+€64,724)
- Tangible fixed assets -€64,724
down €64,724 (-12.8%), from €507,474 to €442,750
of which Land and buildings: -€61,426
- Receivables within one year -€42,027
down €42,027 (-32.2%), from €130,372 to €88,345
of which Trade receivables: -€32,743
- Reserves +€268,800
up €268,800 (+35.3%), from €761,038 to €1.0m
of which Distributable reserves: +€268,800
- Other debts -€187,792
down €187,792 (-10.1%), from €1.9m to €1.7m
- Financial income +€302,624
up €302,624 (+80,700%), from €375 to €302,999
of which Financial income: +€252,624
- Other operating charges +€14,555
up €14,555 (+300%), from €4,847 to €19,402
- Gross operating margin -€12,527
down €12,527 (-13.9%), from €90,000 to €77,474
- Financial charges +€2,992
up €2,992 (+32,626%), from €9 to €3,001
- Taxes +€2,283
up €2,283 (+54.2%), from €4,217 to €6,500
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 | €2,662,869 | €2,737,516 | +€74,648 | +2.8% |
| Fixed assets | 21/28 | €2,394,170 | €2,315,753 | -€78,417 | -3.3% |
| Tangible fixed assets | 22/27 | €507,474 | €442,750 | -€64,724 | -12.8% |
| Land and buildings | 22 | €495,183 | €433,757 | -€61,426 | -12.4% |
| Plant, machinery and equipment | 23 | €274 | €0 | -€274 | -100% |
| Furniture and vehicles | 24 | €12,017 | €8,993 | -€3,024 | -25.2% |
| Financial fixed assets | 28 | €1,886,696 | €1,873,003 | -€13,693 | -0.7% |
| Current assets | 29/58 | €268,699 | €421,763 | +€153,064 | +57.0% |
| Amounts receivable within one year | 40/41 | €130,372 | €88,345 | -€42,027 | -32.2% |
| Trade receivables | 40 | €79,025 | €46,283 | -€32,743 | -41.4% |
| Other amounts receivable | 41 | €51,347 | €42,063 | -€9,285 | -18.1% |
| Cash at bank and in hand | 54/58 | €137,134 | €232,201 | +€95,068 | +69.3% |
| Deferred charges and accrued income | 490/1 | €1,193 | €101,216 | +€100,024 | +8,388% |
| Total equity and liabilities | 10/49 | €2,662,869 | €2,737,516 | +€74,648 | +2.8% |
| Equity | 10/15 | €779,638 | €1,048,439 | +€268,800 | +34.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €761,038 | €1,029,839 | +€268,800 | +35.3% |
| Non-distributable reserves | 130/1 | €1,570 | €1,570 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,570 | €1,570 | = | 0.0% |
| Tax-exempt reserves | 132 | €467 | €467 | = | 0.0% |
| Distributable reserves | 133 | €759,001 | €1,027,801 | +€268,800 | +35.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,883,231 | €1,689,078 | -€194,153 | -10.3% |
| Amounts payable within one year | 42/48 | €1,882,317 | €1,685,833 | -€196,483 | -10.4% |
| Trade debts | 44 | €14,433 | €7,055 | -€7,378 | -51.1% |
| Suppliers | 440/4 | €14,433 | €7,055 | -€7,378 | -51.1% |
| Taxes, remuneration and social security | 45 | €9,526 | €8,213 | -€1,313 | -13.8% |
| Taxes | 450/3 | €9,526 | €7,373 | -€2,153 | -22.6% |
| Remuneration and social security | 454/9 | - | €840 | +€840 | |
| Other amounts payable | 47/48 | €1,858,357 | €1,670,565 | -€187,792 | -10.1% |
| Accrued charges and deferred income | 492/3 | €914 | €3,245 | +€2,331 | +255% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,548 | €64,724 | -€1,825 | -2.7% |
| Other operating charges | 640/8 | €4,847 | €19,402 | +€14,555 | +300% |
| Non-recurring operating charges | 66A | €133 | €18,045 | +€17,913 | +13,519% |
| Gross operating margin | 9900 | €90,000 | €77,474 | -€12,527 | -13.9% |
| Operating profit (loss) | 9901 | €18,472 | -€24,698 | -€43,169 | |
| Financial income | 75/76B | €375 | €302,999 | +€302,624 | +80,700% |
| Recurring financial income | 75 | €375 | €252,999 | +€252,624 | +67,366% |
| Non-recurring financial income | 76B | - | €50,000 | +€50,000 | |
| Financial charges | 65/66B | €9 | €3,001 | +€2,992 | +32,626% |
| Recurring financial charges | 65 | €9 | €3,001 | +€2,992 | +32,626% |
| Profit (loss) for the period before taxes | 9903 | €18,837 | €275,300 | +€256,463 | +1,361% |
| Income taxes | 67/77 | €4,217 | €6,500 | +€2,283 | +54.2% |
| Profit (loss) for the period | 9904 | €14,621 | €268,800 | +€254,179 | +1,738% |
| Profit (loss) for the period to be appropriated | 9905 | €14,621 | €268,800 | +€254,179 | +1,738% |
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 16 October 2026 via checked.be.