HiENDJOY: 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.
HiENDJOY
Largest movements
- Financial fixed assets +€263,706
new in 2025: €263,706
- Cash -€240,590
down €240,590 (-36.1%), from €666,457 to €425,867
mainly Investment in fixed assets (net) (-€283,293) and Other debts (-€161,079)
- Receivables within one year +€29,296
up €29,296 (+161%), from €18,218 to €47,514
of which Trade receivables: +€34,014
- Tangible fixed assets -€14,651
down €14,651 (-14.8%), from €98,708 to €84,056
of which Furniture and vehicles: -€16,928
- Reserves +€179,167
up €179,167 (+28.4%), from €630,285 to €809,452
- Other debts -€161,079
no longer reported in 2025 (was €161,079)
- Tax, wage and social debts +€21,771
up €21,771 (+168%), from €12,940 to €34,712
of which Taxes: +€13,759
- Gross operating margin +€24,535
up €24,535 (+9.5%), from €257,424 to €281,959
- Financial income -€9,128
down €9,128 (-37.4%), from €24,383 to €15,255
of which Non-recurring financial income: -€11,990
- Depreciation +€4,237
up €4,237 (+13.9%), from €30,502 to €34,739
- Taxes +€3,837
up €3,837 (+5.0%), from €76,072 to €79,909
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 | €804,304 | €844,164 | +€39,860 | +5.0% |
| Fixed assets | 21/28 | €100,008 | €348,562 | +€248,554 | +249% |
| Intangible fixed assets | 21 | €1,300 | €800 | -€500 | -38.5% |
| Tangible fixed assets | 22/27 | €98,708 | €84,056 | -€14,651 | -14.8% |
| Plant, machinery and equipment | 23 | €13,432 | €14,543 | +€1,110 | +8.3% |
| Furniture and vehicles | 24 | €55,595 | €38,666 | -€16,928 | -30.4% |
| Other tangible fixed assets | 26 | €29,680 | €30,847 | +€1,166 | +3.9% |
| Financial fixed assets | 28 | - | €263,706 | +€263,706 | |
| Current assets | 29/58 | €704,297 | €495,602 | -€208,695 | -29.6% |
| Amounts receivable after more than one year | 29 | €100 | €100 | = | 0.0% |
| Other amounts receivable | 291 | €100 | €100 | = | 0.0% |
| Stocks and contracts in progress | 3 | €19,522 | €16,929 | -€2,593 | -13.3% |
| Stocks | 30/36 | €19,522 | €16,929 | -€2,593 | -13.3% |
| Amounts receivable within one year | 40/41 | €18,218 | €47,514 | +€29,296 | +161% |
| Trade receivables | 40 | €13,500 | €47,514 | +€34,014 | +252% |
| Other amounts receivable | 41 | €4,718 | - | -€4,718 | |
| Cash at bank and in hand | 54/58 | €666,457 | €425,867 | -€240,590 | -36.1% |
| Deferred charges and accrued income | 490/1 | - | €5,192 | +€5,192 | |
| Total equity and liabilities | 10/49 | €804,304 | €844,164 | +€39,860 | +5.0% |
| Equity | 10/15 | €630,285 | €809,452 | +€179,167 | +28.4% |
| Reserves | 13 | €630,285 | €809,452 | +€179,167 | +28.4% |
| Distributable reserves | 133 | €630,285 | €809,452 | +€179,167 | +28.4% |
| Amounts payable | 17/49 | €174,019 | €34,712 | -€139,307 | -80.1% |
| Amounts payable within one year | 42/48 | €174,019 | €34,712 | -€139,307 | -80.1% |
| Taxes, remuneration and social security | 45 | €12,940 | €34,712 | +€21,771 | +168% |
| Taxes | 450/3 | €12,940 | €26,699 | +€13,759 | +106% |
| Remuneration and social security | 454/9 | - | €8,012 | +€8,012 | |
| Other amounts payable | 47/48 | €161,079 | - | -€161,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,502 | €34,739 | +€4,237 | +13.9% |
| Other operating charges | 640/8 | €1,171 | €1,266 | +€95 | +8.1% |
| Gross operating margin | 9900 | €257,424 | €281,959 | +€24,535 | +9.5% |
| Operating profit (loss) | 9901 | €225,751 | €245,953 | +€20,203 | +8.9% |
| Financial income | 75/76B | €24,383 | €15,255 | -€9,128 | -37.4% |
| Recurring financial income | 75 | €12,393 | €15,255 | +€2,862 | +23.1% |
| Non-recurring financial income | 76B | €11,990 | - | -€11,990 | |
| Financial charges | 65/66B | €183 | €2,133 | +€1,949 | +1,063% |
| Recurring financial charges | 65 | €183 | €2,133 | +€1,949 | +1,063% |
| Profit (loss) for the period before taxes | 9903 | €249,950 | €259,076 | +€9,126 | +3.7% |
| Income taxes | 67/77 | €76,072 | €79,909 | +€3,837 | +5.0% |
| Profit (loss) for the period | 9904 | €173,878 | €179,167 | +€5,289 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €173,878 | €179,167 | +€5,289 | +3.0% |
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 13 October 2026 via checked.be.