HIAMAS: 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.
HIAMAS
Largest movements
- Tangible fixed assets +€74,337
new in 2025: €74,337
- Cash +€50,202
up €50,202 (+244%), from €20,551 to €70,753
mainly Net result for the year (+€59,309) and Debts after one year (+€53,207)
- Deferred charges and accrued income +€2,058
up €2,058 (+184%), from €1,121 to €3,180
- Receivables within one year +€2,028
up €2,028 (+12.7%), from €15,972 to €18,000
- Reserves +€59,309
up €59,309 (+398%), from €14,890 to €74,199
- Debts after one year +€53,207
new in 2025: €53,207
- Current portion of long-term debt +€7,917
new in 2025: €7,917
- Tax, wage and social debts +€7,765
up €7,765 (+47.9%), from €16,222 to €23,988
of which Taxes: +€7,765
- Gross operating margin +€58,406
up €58,406 (+300%), from €19,439 to €77,845
- Taxes +€12,155
up €12,155 (+267%), from €4,548 to €16,704
- Depreciation +€1,607
new in 2025: €1,607
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 | €37,644 | €166,269 | +€128,625 | +342% |
| Fixed assets | 21/28 | - | €74,337 | +€74,337 | |
| Tangible fixed assets | 22/27 | - | €74,337 | +€74,337 | |
| Furniture and vehicles | 24 | - | €74,337 | +€74,337 | |
| Current assets | 29/58 | €37,644 | €91,932 | +€54,288 | +144% |
| Amounts receivable within one year | 40/41 | €15,972 | €18,000 | +€2,028 | +12.7% |
| Trade receivables | 40 | €15,972 | €18,000 | +€2,028 | +12.7% |
| Cash at bank and in hand | 54/58 | €20,551 | €70,753 | +€50,202 | +244% |
| Deferred charges and accrued income | 490/1 | €1,121 | €3,180 | +€2,058 | +184% |
| Total equity and liabilities | 10/49 | €37,644 | €166,269 | +€128,625 | +342% |
| Equity | 10/15 | €19,890 | €79,199 | +€59,309 | +298% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,890 | €74,199 | +€59,309 | +398% |
| Distributable reserves | 133 | €14,890 | €74,199 | +€59,309 | +398% |
| Amounts payable | 17/49 | €17,754 | €87,070 | +€69,317 | +390% |
| Amounts payable after more than one year | 17 | - | €53,207 | +€53,207 | |
| Financial debts | 170/4 | - | €53,207 | +€53,207 | |
| Amounts payable within one year | 42/48 | €17,754 | €33,863 | +€16,110 | +90.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,917 | +€7,917 | |
| Trade debts | 44 | €1,311 | €1,135 | -€176 | -13.4% |
| Suppliers | 440/4 | €1,311 | €1,135 | -€176 | -13.4% |
| Taxes, remuneration and social security | 45 | €16,222 | €23,988 | +€7,765 | +47.9% |
| Taxes | 450/3 | €13,047 | €20,813 | +€7,765 | +59.5% |
| Remuneration and social security | 454/9 | €3,175 | €3,175 | = | 0.0% |
| Other amounts payable | 47/48 | €220 | €823 | +€603 | +274% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,607 | +€1,607 | |
| Gross operating margin | 9900 | €19,439 | €77,845 | +€58,406 | +300% |
| Operating profit (loss) | 9901 | €19,439 | €76,238 | +€56,799 | +292% |
| Financial charges | 65/66B | - | €226 | +€226 | |
| Recurring financial charges | 65 | - | €226 | +€226 | |
| Profit (loss) for the period before taxes | 9903 | €19,439 | €76,012 | +€56,574 | +291% |
| Income taxes | 67/77 | €4,548 | €16,704 | +€12,155 | +267% |
| Profit (loss) for the period | 9904 | €14,890 | €59,309 | +€44,418 | +298% |
| Profit (loss) for the period to be appropriated | 9905 | €14,890 | €59,309 | +€44,418 | +298% |
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 17 October 2026 via checked.be.