HIBO: 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.
HIBO
Largest movements
- Receivables within one year +€12,787
up €12,787 (+31.6%), from €40,416 to €53,203
- Cash +€1,979
up €1,979 (+41.0%), from €4,823 to €6,802
mainly Net result for the year (+€13,003) and Tax, wage and social debts (+€1,464)
- Reserves +€13,003
up €13,003 (+14.5%), from €89,891 to €102,894
of which Distributable reserves: +€13,003
- Tax, wage and social debts +€1,464
up €1,464 (+12.6%), from €11,579 to €13,043
- Gross operating margin +€1,900
up €1,900 (+11.4%), from €16,686 to €18,586
- Taxes +€477
up €477 (+7.9%), from €6,029 to €6,507
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
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 | €122,041 | €136,096 | +€14,056 | +11.5% |
| Fixed assets | 21/28 | €2,801 | €2,091 | -€710 | -25.3% |
| Tangible fixed assets | 22/27 | €2,801 | €2,091 | -€710 | -25.3% |
| Furniture and vehicles | 24 | €2,071 | €1,361 | -€710 | -34.3% |
| Other tangible fixed assets | 26 | €731 | €731 | = | 0.0% |
| Current assets | 29/58 | €119,239 | €134,005 | +€14,766 | +12.4% |
| Amounts receivable after more than one year | 29 | €74,000 | €74,000 | = | 0.0% |
| Other amounts receivable | 291 | €74,000 | €74,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,416 | €53,203 | +€12,787 | +31.6% |
| Other amounts receivable | 41 | €40,416 | €53,203 | +€12,787 | +31.6% |
| Cash at bank and in hand | 54/58 | €4,823 | €6,802 | +€1,979 | +41.0% |
| Total equity and liabilities | 10/49 | €122,041 | €136,096 | +€14,056 | +11.5% |
| Equity | 10/15 | €108,483 | €121,486 | +€13,003 | +12.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €89,891 | €102,894 | +€13,003 | +14.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €88,032 | €101,034 | +€13,003 | +14.8% |
| Amounts payable | 17/49 | €13,558 | €14,611 | +€1,053 | +7.8% |
| Amounts payable within one year | 42/48 | €13,558 | €14,611 | +€1,053 | +7.8% |
| Trade debts | 44 | €1,119 | €1,567 | +€448 | +40.0% |
| Suppliers | 440/4 | €1,119 | €1,567 | +€448 | +40.0% |
| Taxes, remuneration and social security | 45 | €11,579 | €13,043 | +€1,464 | +12.6% |
| Taxes | 450/3 | €11,579 | €13,043 | +€1,464 | +12.6% |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €710 | €710 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €16,686 | €18,586 | +€1,900 | +11.4% |
| Operating profit (loss) | 9901 | €15,462 | €17,348 | +€1,886 | +12.2% |
| Financial income | 75/76B | €2,464 | €2,464 | = | 0.0% |
| Recurring financial income | 75 | €2,464 | €2,464 | = | 0.0% |
| Financial charges | 65/66B | €134 | €303 | +€170 | +126.9% |
| Recurring financial charges | 65 | €134 | €303 | +€170 | +126.9% |
| Profit (loss) for the period before taxes | 9903 | €17,793 | €19,509 | +€1,716 | +9.6% |
| Income taxes | 67/77 | €6,029 | €6,507 | +€477 | +7.9% |
| Profit (loss) for the period | 9904 | €11,764 | €13,003 | +€1,239 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,764 | €13,003 | +€1,239 | +10.5% |
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 1 October 2026 via checked.be.