Hiab Belgium: 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.
What changed
Hiab Belgium
NACE 77.120, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €4.1m-€3.1m
Equity
€11.7m
2024 · €10.7m+€1.0m
Cash
€361,428
2024 · €1.1m-€753,951
Balance sheet total
€18.0m
2024 · €14.7m+€3.4m
Largest movements
Assets
- Receivables within one year +€5.9m
up €5.9m (+52.0%), from €11.3m to €17.1m
of which Other amounts receivable: +€5.0m
- Stocks and contracts -€1.8m
down €1.8m (-79.1%), from €2.3m to €479,985
- Cash -€753,951
down €753,951 (-67.6%), from €1.1m to €361,428
mainly Receivables within one year (-€5.9m) and Accrued charges and deferred income (-€137,098)
Equity and liabilities
- Trade debts +€1.6m
up €1.6m (+132%), from €1.2m to €2.8m
- Profit (loss) carried forward +€1.0m
up €1.0m (+14.6%), from €7.0m to €8.0m
- Tax, wage and social debts +€831,911
up €831,911 (+34.6%), from €2.4m to €3.2m
of which Taxes: +€612,729
Income statement
- Turnover -€7.7m
down €7.7m (-25.4%), from €30.5m to €22.8m
- Goods and materials -€1.9m
down €1.9m (-9.0%), from €21.4m to €19.5m
of which Purchases: -€5.6m
- Taxes -€1.2m
down €1.2m (-75.6%), from €1.6m to €392,027
- Services and other goods -€797,589
down €797,589 (-31.2%), from €2.6m to €1.8m
- Other operating income +€595,379
up €595,379 (+39.6%), from €1.5m to €2.1m
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.
Result 2024
€4.1m
Turnover
-€7.7m
Other operating income
+€595,379
Goods and materials
+€1.9m
Services and other goods
+€797,589
Staff costs
-€356,954
Write-downs
+€88,401
Provisions
+€65,800
Other operating charges
+€373,266
Other operating items
-€328,017
Financial income
+€20,246
Financial charges
+€206,059
Taxes
+€1.2m
Result 2025
€1.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€761,866
Investment
€0
Financing
+€7,915
Cash 2024
€1.1m
From operations (derived)
-€761,866
Net result for the year
+€1.0m
Stocks and contracts
+€1.8m
Receivables within one year
-€5.9m
Deferred charges and accrued income
-€70,507
Provisions
+€57,641
Trade debts
+€1.6m
Tax, wage and social debts
+€831,911
Other debts
-€1,686
Accrued charges and deferred income
-€137,098
Financing
+€7,915
Short-term financial debts
+€7,915
Cash 2025
€361,428
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,677,899 | €18,028,723 | +€3.4m | +22.8% |
| Current assets | 29/58 | €14,677,899 | €18,028,723 | +€3.4m | +22.8% |
| Stocks and contracts in progress | 3 | €2,301,306 | €479,985 | -€1.8m | -79.1% |
| Stocks | 30/36 | €2,301,306 | €479,985 | -€1.8m | -79.1% |
| Work in progress | 32 | €248,161 | €60,632 | -€187,529 | -75.6% |
| Goods purchased for resale | 34 | €2,053,146 | €419,353 | -€1.6m | -79.6% |
| Amounts receivable within one year | 40/41 | €11,261,213 | €17,116,804 | +€5.9m | +52.0% |
| Trade receivables | 40 | €8,794,893 | €9,661,530 | +€866,637 | +9.9% |
| Other amounts receivable | 41 | €2,466,320 | €7,455,273 | +€5.0m | +202% |
| Cash at bank and in hand | 54/58 | €1,115,379 | €361,428 | -€753,951 | -67.6% |
| Deferred charges and accrued income | 490/1 | - | €70,507 | +€70,507 | |
| Total equity and liabilities | 10/49 | €14,677,899 | €18,028,723 | +€3.4m | +22.8% |
| Equity | 10/15 | €10,721,477 | €11,742,002 | +€1.0m | +9.5% |
| Contributions | 10/11 | €3,412,437 | €3,412,437 | = | 0.0% |
| Capital | 10 | €3,412,437 | €3,412,437 | = | 0.0% |
| Issued capital | 100 | €3,412,437 | €3,412,437 | = | 0.0% |
| Reserves | 13 | €341,244 | €341,244 | = | 0.0% |
| Non-distributable reserves | 130/1 | €341,244 | €341,244 | = | 0.0% |
| Legal reserve | 130 | €341,244 | €341,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,967,797 | €7,988,321 | +€1.0m | +14.6% |
| Provisions and deferred taxes | 16 | €123,441 | €181,082 | +€57,641 | +46.7% |
| Provisions for liabilities and charges | 160/5 | €123,441 | €181,082 | +€57,641 | +46.7% |
| Other liabilities and charges | 164/5 | €123,441 | €181,082 | +€57,641 | +46.7% |
| Amounts payable | 17/49 | €3,832,981 | €6,105,639 | +€2.3m | +59.3% |
| Amounts payable within one year | 42/48 | €3,597,077 | €6,006,833 | +€2.4m | +67.0% |
| Financial debts | 43 | €4,471 | €12,386 | +€7,915 | +177% |
| Credit institutions | 430/8 | €4,471 | €12,386 | +€7,915 | +177% |
| Trade debts | 44 | €1,186,722 | €2,758,339 | +€1.6m | +132% |
| Suppliers | 440/4 | €1,186,722 | €2,758,339 | +€1.6m | +132% |
| Taxes, remuneration and social security | 45 | €2,404,198 | €3,236,108 | +€831,911 | +34.6% |
| Taxes | 450/3 | €1,955,172 | €2,567,901 | +€612,729 | +31.3% |
| Remuneration and social security | 454/9 | €449,026 | €668,207 | +€219,181 | +48.8% |
| Other amounts payable | 47/48 | €1,686 | €0 | -€1,686 | -100% |
| Accrued charges and deferred income | 492/3 | €235,904 | €98,806 | -€137,098 | -58.1% |
| Operating income | 70/76A | €32,272,550 | €24,694,391 | -€7.6m | -23.5% |
| Turnover | 70 | €30,519,121 | €22,781,272 | -€7.7m | -25.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €248,161 | -€187,529 | -€435,690 | |
| Other operating income | 74 | €1,505,269 | €2,100,647 | +€595,379 | +39.6% |
| Operating charges | 60/66A | €26,404,958 | €23,393,381 | -€3.0m | -11.4% |
| Goods for resale, raw materials and consumables | 60 | €21,411,407 | €19,475,603 | -€1.9m | -9.0% |
| Purchases | 600/8 | €23,483,130 | €17,848,691 | -€5.6m | -24.0% |
| Change in stocks: decrease (increase) | 609 | -€2,071,723 | €1,626,912 | +€3.7m | |
| Services and other goods | 61 | €2,558,961 | €1,761,372 | -€797,589 | -31.2% |
| Remuneration, social security and pensions | 62 | €1,757,892 | €2,114,846 | +€356,954 | +20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €59,273 | -€29,127 | -€88,401 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €123,441 | €57,641 | -€65,800 | -53.3% |
| Other operating charges | 640/8 | €386,312 | €13,046 | -€373,266 | -96.6% |
| Non-recurring operating charges | 66A | €107,673 | €0 | -€107,673 | -100% |
| Operating profit (loss) | 9901 | €5,867,592 | €1,301,010 | -€4.6m | -77.8% |
| Financial income | 75/76B | €91,994 | €112,240 | +€20,246 | +22.0% |
| Recurring financial income | 75 | €91,994 | €112,240 | +€20,246 | +22.0% |
| Income from current assets | 751 | €91,749 | €112,240 | +€20,491 | +22.3% |
| Other financial income | 752/9 | €245 | €0 | -€245 | -100% |
| Financial charges | 65/66B | €206,757 | €698 | -€206,059 | -99.7% |
| Recurring financial charges | 65 | €206,757 | €698 | -€206,059 | -99.7% |
| Debt charges | 650 | €3,137 | €0 | -€3,137 | -100% |
| Other financial charges | 652/9 | €203,620 | €698 | -€202,922 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €5,752,829 | €1,412,551 | -€4.3m | -75.4% |
| Income taxes | 67/77 | €1,606,832 | €392,027 | -€1.2m | -75.6% |
| Taxes | 670/3 | €1,606,832 | €392,027 | -€1.2m | -75.6% |
| Profit (loss) for the period | 9904 | €4,145,997 | €1,020,525 | -€3.1m | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,145,997 | €1,020,525 | -€3.1m | -75.4% |
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 28 October 2026 via checked.be.