HiCircular: what changed
HiCircular
Largest movements
- Stocks and contracts +€30,254
up €30,254 (+265%), from €11,434 to €41,688
- Cash +€15,000
up €15,000 (+64.4%), from €23,296 to €38,296
mainly Net result for the year (+€75,224) and Tax, wage and social debts (+€25,074)
- Receivables within one year +€6,805
up €6,805 (+7.1%), from €96,391 to €103,196
- Profit (loss) carried forward +€75,224
up €75,224 (+149%), from €50,621 to €125,845
- Trade debts -€50,000
down €50,000 (-71.1%), from €70,307 to €20,307
- Tax, wage and social debts +€25,074
up €25,074 (+157%), from €16,000 to €41,074
- Turnover +€244,732
up €244,732 (+50.2%), from €487,115 to €731,847
- Purchases and services +€213,203
up €213,203 (+51.3%), from €415,532 to €628,735
- Gross operating margin +€31,529
up €31,529 (+44.0%), from €71,583 to €103,112
- Taxes +€9,074
up €9,074 (+56.7%), from €16,000 to €25,074
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,928 | €190,226 | +€50,298 | +35.9% |
| Fixed assets | 21/28 | €8,807 | €7,046 | -€1,761 | -20.0% |
| Tangible fixed assets | 22/27 | €8,807 | €7,046 | -€1,761 | -20.0% |
| Furniture and vehicles | 24 | €8,807 | €7,046 | -€1,761 | -20.0% |
| Current assets | 29/58 | €131,121 | €183,180 | +€52,059 | +39.7% |
| Stocks and contracts in progress | 3 | €11,434 | €41,688 | +€30,254 | +265% |
| Stocks | 30/36 | €11,434 | €41,688 | +€30,254 | +265% |
| Amounts receivable within one year | 40/41 | €96,391 | €103,196 | +€6,805 | +7.1% |
| Trade receivables | 40 | €96,391 | €103,196 | +€6,805 | +7.1% |
| Cash at bank and in hand | 54/58 | €23,296 | €38,296 | +€15,000 | +64.4% |
| Total equity and liabilities | 10/49 | €139,928 | €190,226 | +€50,298 | +35.9% |
| Equity | 10/15 | €53,621 | €128,845 | +€75,224 | +140% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,621 | €125,845 | +€75,224 | +149% |
| Amounts payable | 17/49 | €86,307 | €61,381 | -€24,926 | -28.9% |
| Amounts payable within one year | 42/48 | €86,307 | €61,381 | -€24,926 | -28.9% |
| Trade debts | 44 | €70,307 | €20,307 | -€50,000 | -71.1% |
| Suppliers | 440/4 | €70,307 | €20,307 | -€50,000 | -71.1% |
| Taxes, remuneration and social security | 45 | €16,000 | €41,074 | +€25,074 | +157% |
| Taxes | 450/3 | €16,000 | €41,074 | +€25,074 | +157% |
| Turnover | 70 | €487,115 | €731,847 | +€244,732 | +50.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €415,532 | €628,735 | +€213,203 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,200 | €1,761 | -€439 | -19.9% |
| Other operating charges | 640/8 | - | €466 | +€466 | |
| Gross operating margin | 9900 | €71,583 | €103,112 | +€31,529 | +44.0% |
| Operating profit (loss) | 9901 | €69,383 | €100,885 | +€31,502 | +45.4% |
| Financial income | 75/76B | €478 | - | -€478 | |
| Recurring financial income | 75 | €478 | - | -€478 | |
| Financial charges | 65/66B | €4,863 | €587 | -€4,276 | -87.9% |
| Recurring financial charges | 65 | €4,863 | €587 | -€4,276 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €64,998 | €100,298 | +€35,300 | +54.3% |
| Income taxes | 67/77 | €16,000 | €25,074 | +€9,074 | +56.7% |
| Profit (loss) for the period | 9904 | €48,998 | €75,224 | +€26,226 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,998 | €75,224 | +€26,226 | +53.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.