HIBCO: 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.
HIBCO
Largest movements
- Cash +€89,284
up €89,284 (+46.3%), from €192,837 to €282,120
mainly Net result for the year (+€86,889) and Receivables within one year (+€4,364)
- Receivables within one year -€4,364
down €4,364 (-26.5%), from €16,456 to €12,092
of which Trade receivables: -€4,840
- Profit (loss) carried forward +€86,889
up €86,889 (+49.9%), from €174,178 to €261,067
- Gross operating margin +€4,698
up €4,698 (+4.4%), from €107,838 to €112,535
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 | €210,899 | €295,450 | +€84,551 | +40.1% |
| Fixed assets | 21/28 | €695 | €301 | -€394 | -56.7% |
| Tangible fixed assets | 22/27 | €695 | €301 | -€394 | -56.7% |
| Furniture and vehicles | 24 | €695 | €301 | -€394 | -56.7% |
| Current assets | 29/58 | €210,204 | €295,149 | +€84,945 | +40.4% |
| Amounts receivable within one year | 40/41 | €16,456 | €12,092 | -€4,364 | -26.5% |
| Trade receivables | 40 | €16,456 | €11,616 | -€4,840 | -29.4% |
| Other amounts receivable | 41 | - | €476 | +€476 | |
| Cash at bank and in hand | 54/58 | €192,837 | €282,120 | +€89,284 | +46.3% |
| Deferred charges and accrued income | 490/1 | €911 | €936 | +€25 | +2.8% |
| Total equity and liabilities | 10/49 | €210,899 | €295,450 | +€84,551 | +40.1% |
| Equity | 10/15 | €174,179 | €261,068 | +€86,889 | +49.9% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,178 | €261,067 | +€86,889 | +49.9% |
| Amounts payable | 17/49 | €36,720 | €34,381 | -€2,338 | -6.4% |
| Amounts payable within one year | 42/48 | €36,720 | €34,381 | -€2,338 | -6.4% |
| Trade debts | 44 | €727 | €570 | -€157 | -21.6% |
| Suppliers | 440/4 | €727 | €570 | -€157 | -21.6% |
| Taxes, remuneration and social security | 45 | €33,876 | €33,726 | -€149 | -0.4% |
| Taxes | 450/3 | €33,876 | €33,726 | -€149 | -0.4% |
| Other amounts payable | 47/48 | €2,118 | €86 | -€2,032 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394 | €394 | = | 0.0% |
| Other operating charges | 640/8 | €691 | €931 | +€239 | +34.6% |
| Gross operating margin | 9900 | €107,838 | €112,535 | +€4,698 | +4.4% |
| Operating profit (loss) | 9901 | €106,752 | €111,211 | +€4,458 | +4.2% |
| Financial charges | 65/66B | €54 | €70 | +€16 | +29.3% |
| Recurring financial charges | 65 | €54 | €70 | +€16 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €106,698 | €111,141 | +€4,443 | +4.2% |
| Income taxes | 67/77 | €23,136 | €24,251 | +€1,115 | +4.8% |
| Profit (loss) for the period | 9904 | €83,562 | €86,889 | +€3,327 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,562 | €86,889 | +€3,327 | +4.0% |
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 20 October 2026 via checked.be.