HIBBIN: 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.
HIBBIN
Largest movements
- Financial fixed assets -€1.6m
no longer reported in 2025 (was €1.6m)
- Intangible fixed assets +€1.1m
new in 2025: €1.1m
- Receivables within one year +€169,613
up €169,613 (+207%), from €82,075 to €251,688
of which Trade receivables: +€95,100
- Cash +€25,066
new in 2025: €25,066
mainly Depreciation (+€274,735) and Investment in fixed assets (net) (+€191,195)
- Reserves -€161,255
down €161,255 (-54.8%), from €294,287 to €133,033
of which Distributable reserves: -€161,255
- Current portion of long-term debt -€115,675
down €115,675 (-83.0%), from €139,447 to €23,772
- Other debts -€61,200
down €61,200 (-15.4%), from €396,460 to €335,260
- Tax, wage and social debts +€32,948
up €32,948 (+61.9%), from €53,218 to €86,166
- Debts after one year -€23,772
no longer reported in 2025 (was €23,772)
- Depreciation +€274,735
new in 2025: €274,735
- Gross operating margin +€227,562
up €227,562, from -€4,740 to €222,822
- Write-downs +€42,398
new in 2025: €42,398
- Taxes +€41,117
new in 2025: €41,117
- Financial charges +€15,273
up €15,273 (+148%), from €10,313 to €25,586
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 | €1,670,157 | €1,384,822 | -€285,336 | -17.1% |
| Fixed assets | 21/28 | €1,573,870 | €1,107,940 | -€465,930 | -29.6% |
| Intangible fixed assets | 21 | - | €1,107,940 | +€1.1m | |
| Financial fixed assets | 28 | €1,573,870 | - | -€1.6m | |
| Current assets | 29/58 | €96,287 | €276,882 | +€180,594 | +188% |
| Amounts receivable within one year | 40/41 | €82,075 | €251,688 | +€169,613 | +207% |
| Trade receivables | 40 | - | €95,100 | +€95,100 | |
| Other amounts receivable | 41 | €82,075 | €156,588 | +€74,513 | +90.8% |
| Cash at bank and in hand | 54/58 | - | €25,066 | +€25,066 | |
| Deferred charges and accrued income | 490/1 | €14,213 | €128 | -€14,084 | -99.1% |
| Total equity and liabilities | 10/49 | €1,670,157 | €1,384,822 | -€285,336 | -17.1% |
| Equity | 10/15 | €1,044,287 | €883,033 | -€161,255 | -15.4% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €294,287 | €133,033 | -€161,255 | -54.8% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €286,787 | €125,533 | -€161,255 | -56.2% |
| Amounts payable | 17/49 | €625,870 | €501,789 | -€124,081 | -19.8% |
| Amounts payable after more than one year | 17 | €23,772 | - | -€23,772 | |
| Financial debts | 170/4 | €23,772 | - | -€23,772 | |
| Amounts payable within one year | 42/48 | €602,098 | €482,481 | -€119,617 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €139,447 | €23,772 | -€115,675 | -83.0% |
| Financial debts | 43 | €9,871 | €25,260 | +€15,390 | +156% |
| Credit institutions | 430/8 | €9,871 | €25,260 | +€15,390 | +156% |
| Trade debts | 44 | €3,103 | €12,023 | +€8,920 | +287% |
| Suppliers | 440/4 | €3,103 | €12,023 | +€8,920 | +287% |
| Taxes, remuneration and social security | 45 | €53,218 | €86,166 | +€32,948 | +61.9% |
| Taxes | 450/3 | €53,218 | €86,166 | +€32,948 | +61.9% |
| Other amounts payable | 47/48 | €396,460 | €335,260 | -€61,200 | -15.4% |
| Accrued charges and deferred income | 492/3 | - | €19,308 | +€19,308 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €274,735 | +€274,735 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €42,398 | +€42,398 | |
| Other operating charges | 640/8 | €1,206 | €2,907 | +€1,702 | +141% |
| Gross operating margin | 9900 | -€4,740 | €222,822 | +€227,562 | |
| Operating profit (loss) | 9901 | -€5,945 | -€97,218 | -€91,273 | -1,535% |
| Financial income | 75/76B | €15,632 | €2,667 | -€12,965 | -82.9% |
| Recurring financial income | 75 | €15,632 | €2,667 | -€12,965 | -82.9% |
| Financial charges | 65/66B | €10,313 | €25,586 | +€15,273 | +148% |
| Recurring financial charges | 65 | €10,313 | €25,586 | +€15,273 | +148% |
| Profit (loss) for the period before taxes | 9903 | -€626 | -€120,137 | -€119,511 | -19,081% |
| Income taxes | 67/77 | - | €41,117 | +€41,117 | |
| Profit (loss) for the period | 9904 | -€626 | -€161,255 | -€160,628 | -25,646% |
| Profit (loss) for the period to be appropriated | 9905 | -€626 | -€161,255 | -€160,628 | -25,646% |
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 26 October 2026 via checked.be.