HICO: 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.
What changed
HICO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€127,307
2024 · €99,358+€27,949
Equity
€13.5m
2024 · €603,222+€12.9m
Cash
€193,872
2024 · €229,784-€35,912
Balance sheet total
€13.5m
2024 · €615,571+€12.9m
Largest movements
Assets
- Financial fixed assets +€12.8m
new in 2025: €12.8m
- Current investments +€197,998
up €197,998 (+198%), from €99,999 to €297,997
Equity and liabilities
- Contributions +€12.8m
up €12.8m (+4,485%), from €285,100 to €13.1m
Income statement
- Gross operating margin +€20,440
up €20,440 (+17.8%), from €114,839 to €135,279
- Financial income +€18,370
new in 2025: €18,370
of which Financial income: +€18,370
- Depreciation +€4,544
up €4,544 (+50.5%), from €9,003 to €13,547
- Taxes +€4,340
up €4,340 (+13,839%), from €31 to €4,371
- Other operating charges +€1,415
up €1,415 (+22.5%), from €6,277 to €7,691
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.
Result 2024
€99,358
Gross operating margin
+€20,440
Depreciation
-€4,544
Other operating charges
-€1,415
Financial income
+€18,370
Financial charges
-€563
Taxes
-€4,340
Result 2025
€127,307
raises the resultlowers the result
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.
From operations
+€197,086
Investment
-€13.0m
Financing
+€12.8m
Cash 2024
€229,784
From operations (derived)
+€197,086
Net result for the year
+€127,307
Depreciation
+€13,547
Receivables within one year
+€52,174
Smaller working-capital items
+€4,058
Investment (derived)
-€13.0m
Investment in fixed assets (net)
-€12.8m
Current investments
-€197,998
Financing
+€12.8m
Contributions, distributions and other
+€12.8m
Cash 2025
€193,872
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €615,571 | €13,534,134 | +€12.9m | +2,099% |
| Fixed assets | 21/28 | €208,522 | €13,017,133 | +€12.8m | +6,143% |
| Tangible fixed assets | 22/27 | €208,522 | €229,975 | +€21,453 | +10.3% |
| Land and buildings | 22 | €144,051 | €178,075 | +€34,025 | +23.6% |
| Plant, machinery and equipment | 23 | €19,643 | €16,468 | -€3,174 | -16.2% |
| Furniture and vehicles | 24 | €44,828 | €35,431 | -€9,397 | -21.0% |
| Financial fixed assets | 28 | - | €12,787,158 | +€12.8m | |
| Current assets | 29/58 | €407,049 | €517,001 | +€109,951 | +27.0% |
| Amounts receivable within one year | 40/41 | €75,093 | €22,920 | -€52,174 | -69.5% |
| Trade receivables | 40 | €73,522 | €21,780 | -€51,742 | -70.4% |
| Other amounts receivable | 41 | €1,572 | €1,140 | -€432 | -27.5% |
| Current investments | 50/53 | €99,999 | €297,997 | +€197,998 | +198% |
| Cash at bank and in hand | 54/58 | €229,784 | €193,872 | -€35,912 | -15.6% |
| Deferred charges and accrued income | 490/1 | €2,173 | €2,212 | +€39 | +1.8% |
| Total equity and liabilities | 10/49 | €615,571 | €13,534,134 | +€12.9m | +2,099% |
| Equity | 10/15 | €603,222 | €13,517,687 | +€12.9m | +2,141% |
| Contributions | 10/11 | €285,100 | €13,072,258 | +€12.8m | +4,485% |
| Capital | 10 | €285,100 | €13,072,258 | +€12.8m | +4,485% |
| Issued capital | 100 | €285,100 | €13,072,258 | +€12.8m | +4,485% |
| Reserves | 13 | €318,122 | €445,429 | +€127,307 | +40.0% |
| Non-distributable reserves | 130/1 | €28,510 | €34,875 | +€6,365 | +22.3% |
| Legal reserve | 130 | €28,510 | €34,875 | +€6,365 | +22.3% |
| Distributable reserves | 133 | €289,612 | €410,554 | +€120,942 | +41.8% |
| Amounts payable | 17/49 | €12,349 | €16,446 | +€4,097 | +33.2% |
| Amounts payable within one year | 42/48 | €6,851 | €3,116 | -€3,735 | -54.5% |
| Trade debts | 44 | €3,550 | €571 | -€2,979 | -83.9% |
| Suppliers | 440/4 | €3,550 | €571 | -€2,979 | -83.9% |
| Taxes, remuneration and social security | 45 | €3,301 | €2,545 | -€756 | -22.9% |
| Taxes | 450/3 | €3,301 | €2,545 | -€756 | -22.9% |
| Accrued charges and deferred income | 492/3 | €5,498 | €13,331 | +€7,832 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,003 | €13,547 | +€4,544 | +50.5% |
| Other operating charges | 640/8 | €6,277 | €7,691 | +€1,415 | +22.5% |
| Gross operating margin | 9900 | €114,839 | €135,279 | +€20,440 | +17.8% |
| Operating profit (loss) | 9901 | €99,560 | €114,042 | +€14,482 | +14.5% |
| Financial income | 75/76B | - | €18,370 | +€18,370 | |
| Recurring financial income | 75 | - | €18,370 | +€18,370 | |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €170 | €733 | +€563 | +331% |
| Recurring financial charges | 65 | €170 | €733 | +€563 | +331% |
| Profit (loss) for the period before taxes | 9903 | €99,390 | €131,678 | +€32,289 | +32.5% |
| Income taxes | 67/77 | €31 | €4,371 | +€4,340 | +13,839% |
| Profit (loss) for the period | 9904 | €99,358 | €127,307 | +€27,949 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €99,358 | €127,307 | +€27,949 | +28.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.