HIBISCUS: what changed
Two fiscal 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.
HIBISCUS
Largest movements
- Receivables within one year -€764,515
down €764,515 (-95.8%), from €797,918 to €33,402
of which Trade receivables: -€797,429
- Financial fixed assets -€242,460
down €242,460 (-15.0%), from €1.6m to €1.4m
- Reserves -€844,933
down €844,933 (-93.1%), from €907,277 to €62,344
of which Tax-exempt reserves: -€844,933
- Provisions -€281,644
no longer reported in 2025 (was €281,644)
- Other debts +€147,382
up €147,382 (+412.1%), from €35,767 to €183,149
- Debts after one year -€49,994
down €49,994 (-4.3%), from €1.2m to €1.1m
- Profit (loss) carried forward +€28,780
up €28,780, from -€3,757 to €25,023
- Financial charges +€242,785
up €242,785 (+37824.0%), from €642 to €243,427
of which Non-recurring financial charges: +€242,460
- Taxes +€33,994
new in 2025: €33,994
- Gross operating margin +€14,529
up €14,529 (+30.6%), from -€47,409 to -€32,880
- Financial income -€7,851
no longer reported in 2025 (was €7,851)
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,413,746 | €1,406,771 | -€1.0m | -41.7% |
| Fixed assets | 21/28 | €1,615,829 | €1,373,369 | -€242,460 | -15.0% |
| Intangible fixed assets | 21 | €1,629 | €1,629 | = | 0.0% |
| Financial fixed assets | 28 | €1,614,200 | €1,371,740 | -€242,460 | -15.0% |
| Current assets | 29/58 | €797,918 | €33,402 | -€764,515 | -95.8% |
| Amounts receivable within one year | 40/41 | €797,918 | €33,402 | -€764,515 | -95.8% |
| Trade receivables | 40 | €797,429 | - | -€797,429 | |
| Other amounts receivable | 41 | €488 | €33,402 | +€32,914 | +6739.1% |
| Total equity and liabilities | 10/49 | €2,413,746 | €1,406,771 | -€1.0m | -41.7% |
| Equity | 10/15 | €925,520 | €109,367 | -€816,153 | -88.2% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €907,277 | €62,344 | -€844,933 | -93.1% |
| Tax-exempt reserves | 132 | €844,933 | €0 | -€844,933 | -100.0% |
| Distributable reserves | 133 | €62,344 | €62,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,757 | €25,023 | +€28,780 | |
| Provisions and deferred taxes | 16 | €281,644 | - | -€281,644 | |
| Deferred taxes | 168 | €281,644 | - | -€281,644 | |
| Amounts payable | 17/49 | €1,206,582 | €1,297,404 | +€90,822 | +7.5% |
| Amounts payable after more than one year | 17 | €1,163,085 | €1,113,091 | -€49,994 | -4.3% |
| Other amounts payable | 178/9 | €1,163,085 | €1,113,091 | -€49,994 | -4.3% |
| Amounts payable within one year | 42/48 | €43,497 | €184,313 | +€140,816 | +323.7% |
| Trade debts | 44 | €6,470 | €219 | -€6,251 | -96.6% |
| Suppliers | 440/4 | €6,470 | €219 | -€6,251 | -96.6% |
| Taxes, remuneration and social security | 45 | €1,260 | €945 | -€315 | -25.0% |
| Taxes | 450/3 | €1,260 | €945 | -€315 | -25.0% |
| Other amounts payable | 47/48 | €35,767 | €183,149 | +€147,382 | +412.1% |
| Non-recurring operating charges | 66A | - | €787,497 | +€787,497 | |
| Gross operating margin | 9900 | -€47,409 | -€32,880 | +€14,529 | +30.6% |
| Operating profit (loss) | 9901 | -€47,409 | -€820,377 | -€772,968 | -1630.4% |
| Financial income | 75/76B | €7,851 | - | -€7,851 | |
| Recurring financial income | 75 | €7,851 | - | -€7,851 | |
| Financial charges | 65/66B | €642 | €243,427 | +€242,785 | +37824.0% |
| Recurring financial charges | 65 | €642 | €967 | +€325 | +50.6% |
| Non-recurring financial charges | 66B | - | €242,460 | +€242,460 | |
| Profit (loss) for the period before taxes | 9903 | -€40,200 | -€1,063,803 | -€1.0m | -2546.3% |
| Transfer from deferred taxes | 780 | - | €281,644 | +€281,644 | |
| Income taxes | 67/77 | - | €33,994 | +€33,994 | |
| Profit (loss) for the period | 9904 | -€40,200 | -€816,153 | -€775,953 | -1930.2% |
| Transfer from tax-exempt reserves | 789 | - | €844,933 | +€844,933 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,200 | €28,780 | +€68,980 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.