HIAS FRERES: 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.
HIAS FRERES
Largest movements
- Receivables within one year +€116,632
up €116,632 (+734%), from €15,881 to €132,514
of which Other amounts receivable: +€114,433
- Cash -€93,731
down €93,731 (-89.9%), from €104,227 to €10,495
mainly Receivables within one year (-€116,632) and Contributions, distributions and other (-€8,000)
- Tangible fixed assets -€2,915
down €2,915 (-27.6%), from €10,555 to €7,641
of which Plant, machinery and equipment: -€2,015
- Other debts +€7,544
up €7,544 (+2,060%), from €366 to €7,911
- Trade debts +€5,282
up €5,282 (+32.5%), from €16,266 to €21,548
- Reserves +€5,000
up €5,000 (+10.6%), from €47,100 to €52,100
- Tax, wage and social debts +€1,661
up €1,661 (+12.3%), from €13,552 to €15,212
of which Remuneration and social security: +€1,298
- Gross operating margin -€26,518
down €26,518 (-41.5%), from €63,916 to €37,398
- Staff costs +€12,419
new in 2025: €12,419
- Taxes -€9,970
down €9,970 (-63.7%), from €15,642 to €5,672
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 | €135,580 | €155,098 | +€19,518 | +14.4% |
| Fixed assets | 21/28 | €10,555 | €7,641 | -€2,915 | -27.6% |
| Tangible fixed assets | 22/27 | €10,555 | €7,641 | -€2,915 | -27.6% |
| Plant, machinery and equipment | 23 | €7,726 | €5,711 | -€2,015 | -26.1% |
| Furniture and vehicles | 24 | €2,829 | €1,930 | -€900 | -31.8% |
| Current assets | 29/58 | €125,024 | €147,458 | +€22,433 | +17.9% |
| Stocks and contracts in progress | 3 | €4,916 | €4,449 | -€468 | -9.5% |
| Stocks | 30/36 | €4,916 | €4,449 | -€468 | -9.5% |
| Amounts receivable within one year | 40/41 | €15,881 | €132,514 | +€116,632 | +734% |
| Trade receivables | 40 | €0 | €2,200 | +€2,200 | |
| Other amounts receivable | 41 | €15,881 | €130,314 | +€114,433 | +721% |
| Cash at bank and in hand | 54/58 | €104,227 | €10,495 | -€93,731 | -89.9% |
| Total equity and liabilities | 10/49 | €135,580 | €155,098 | +€19,518 | +14.4% |
| Equity | 10/15 | €105,396 | €110,427 | +€5,031 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,100 | €52,100 | +€5,000 | +10.6% |
| Distributable reserves | 133 | €47,100 | €52,100 | +€5,000 | +10.6% |
| Profit (loss) carried forward | 14 | €52,096 | €52,127 | +€31 | +0.1% |
| Amounts payable | 17/49 | €30,184 | €44,671 | +€14,487 | +48.0% |
| Amounts payable within one year | 42/48 | €30,184 | €44,671 | +€14,487 | +48.0% |
| Trade debts | 44 | €16,266 | €21,548 | +€5,282 | +32.5% |
| Suppliers | 440/4 | €16,266 | €21,548 | +€5,282 | +32.5% |
| Taxes, remuneration and social security | 45 | €13,552 | €15,212 | +€1,661 | +12.3% |
| Taxes | 450/3 | €11,827 | €12,189 | +€363 | +3.1% |
| Remuneration and social security | 454/9 | €1,725 | €3,023 | +€1,298 | +75.2% |
| Other amounts payable | 47/48 | €366 | €7,911 | +€7,544 | +2,060% |
| Remuneration, social security and pensions | 62 | - | €12,419 | +€12,419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,476 | €3,554 | +€78 | +2.3% |
| Other operating charges | 640/8 | €1,787 | €1,876 | +€89 | +5.0% |
| Non-recurring operating charges | 66A | €11,515 | €767 | -€10,748 | -93.3% |
| Gross operating margin | 9900 | €63,916 | €37,398 | -€26,518 | -41.5% |
| Operating profit (loss) | 9901 | €47,137 | €18,782 | -€28,355 | -60.2% |
| Financial income | 75/76B | €0 | €83 | +€83 | +138,833% |
| Recurring financial income | 75 | €0 | €83 | +€83 | +138,833% |
| Financial charges | 65/66B | €372 | €162 | -€210 | -56.5% |
| Recurring financial charges | 65 | €372 | €162 | -€210 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €46,765 | €18,703 | -€28,062 | -60.0% |
| Income taxes | 67/77 | €15,642 | €5,672 | -€9,970 | -63.7% |
| Profit (loss) for the period | 9904 | €31,123 | €13,031 | -€18,092 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,123 | €13,031 | -€18,092 | -58.1% |
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 22 October 2026 via checked.be.