Hichaux Advisory: 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.
Hichaux Advisory
Largest movements
- Cash -€9,817
down €9,817 (-42.4%), from €23,175 to €13,358
mainly Contributions, distributions and other (-€137,500) and Tax, wage and social debts (-€697)
- Receivables after one year -€7,500
down €7,500 (-16.7%), from €45,000 to €37,500
- Deferred charges and accrued income -€3,572
down €3,572 (-31.6%), from €11,319 to €7,747
- Profit (loss) carried forward -€85,148
down €85,148 (-99.7%), from €85,388 to €240
- Other debts +€52,011
up €52,011 (+332%), from €15,674 to €67,685
- Current portion of long-term debt +€7,211
new in 2025: €7,211
- Debts after one year +€4,875
up €4,875, from €0 to €4,875
of which Financial debts: +€4,875
- Financial income -€3,340
down €3,340 (-6.9%), from €48,715 to €45,375
- Gross operating margin +€1,722
up €1,722 (+11.6%), from €14,835 to €16,557
- Taxes +€1,713
up €1,713 (+66.1%), from €2,591 to €4,303
- Other operating charges -€981
down €981 (-46.7%), from €2,102 to €1,121
- Financial charges -€591
down €591 (-14.9%), from €3,961 to €3,371
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 | €120,772 | €99,098 | -€21,674 | -17.9% |
| Fixed assets | 21/28 | €41,278 | €40,493 | -€785 | -1.9% |
| Tangible fixed assets | 22/27 | €1,678 | €893 | -€785 | -46.8% |
| Furniture and vehicles | 24 | €1,678 | €893 | -€785 | -46.8% |
| Financial fixed assets | 28 | €39,600 | €39,600 | = | 0.0% |
| Current assets | 29/58 | €79,494 | €58,605 | -€20,889 | -26.3% |
| Amounts receivable after more than one year | 29 | €45,000 | €37,500 | -€7,500 | -16.7% |
| Other amounts receivable | 291 | €45,000 | €37,500 | -€7,500 | -16.7% |
| Cash at bank and in hand | 54/58 | €23,175 | €13,358 | -€9,817 | -42.4% |
| Deferred charges and accrued income | 490/1 | €11,319 | €7,747 | -€3,572 | -31.6% |
| Total equity and liabilities | 10/49 | €120,772 | €99,098 | -€21,674 | -17.9% |
| Equity | 10/15 | €97,388 | €12,240 | -€85,148 | -87.4% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,388 | €240 | -€85,148 | -99.7% |
| Amounts payable | 17/49 | €23,384 | €86,858 | +€63,474 | +271% |
| Amounts payable after more than one year | 17 | €0 | €4,875 | +€4,875 | |
| Financial debts | 170/4 | - | €4,875 | +€4,875 | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €22,984 | €81,583 | +€58,599 | +255% |
| Current portion of amounts payable after more than one year | 42 | - | €7,211 | +€7,211 | |
| Trade debts | 44 | €1,720 | €1,793 | +€73 | +4.3% |
| Suppliers | 440/4 | €1,720 | €1,793 | +€73 | +4.3% |
| Taxes, remuneration and social security | 45 | €5,591 | €4,894 | -€697 | -12.5% |
| Taxes | 450/3 | €4,091 | €3,394 | -€697 | -17.0% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €15,674 | €67,685 | +€52,011 | +332% |
| Accrued charges and deferred income | 492/3 | €400 | €400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €785 | €785 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,102 | €1,121 | -€981 | -46.7% |
| Gross operating margin | 9900 | €14,835 | €16,557 | +€1,722 | +11.6% |
| Operating profit (loss) | 9901 | €11,948 | €14,651 | +€2,703 | +22.6% |
| Financial income | 75/76B | €48,715 | €45,375 | -€3,340 | -6.9% |
| Recurring financial income | 75 | €48,715 | €45,375 | -€3,340 | -6.9% |
| Financial charges | 65/66B | €3,961 | €3,371 | -€591 | -14.9% |
| Recurring financial charges | 65 | €3,961 | €3,371 | -€591 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €56,702 | €56,655 | -€46 | -0.1% |
| Income taxes | 67/77 | €2,591 | €4,303 | +€1,713 | +66.1% |
| Profit (loss) for the period | 9904 | €54,111 | €52,352 | -€1,759 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,111 | €52,352 | -€1,759 | -3.3% |
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 28 October 2026 via checked.be.