HIFI CORNER: 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.
HIFI CORNER
Largest movements
- Cash -€91,078
down €91,078 (-43.3%), from €210,291 to €119,213
mainly Short-term financial debts (-€70,000) and Investment in fixed assets (net) (-€46,646)
- Stocks and contracts +€31,632
up €31,632 (+4.0%), from €794,561 to €826,193
- Tangible fixed assets +€20,075
up €20,075 (+89.7%), from €22,374 to €42,449
of which Plant, machinery and equipment: +€12,546
- Short-term financial debts -€70,000
down €70,000 (-100%), from €70,000 to €0
- Reserves +€64,408
up €64,408 (+21.3%), from €302,650 to €367,058
of which Distributable reserves: +€64,408
- Other debts -€29,543
down €29,543 (-9.1%), from €326,201 to €296,658
- Gross operating margin +€63,377
up €63,377 (+22.1%), from €287,399 to €350,775
- Staff costs -€34,932
down €34,932 (-15.6%), from €224,381 to €189,449
- Taxes +€27,472
up €27,472 (+237%), from €11,596 to €39,068
- Financial charges -€5,676
down €5,676 (-16.5%), from €34,487 to €28,811
- Depreciation +€3,978
up €3,978 (+17.6%), from €22,576 to €26,554
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,067,990 | €1,021,971 | -€46,020 | -4.3% |
| Fixed assets | 21/28 | €31,281 | €51,373 | +€20,091 | +64.2% |
| Tangible fixed assets | 22/27 | €22,374 | €42,449 | +€20,075 | +89.7% |
| Plant, machinery and equipment | 23 | €12,278 | €24,824 | +€12,546 | +102% |
| Furniture and vehicles | 24 | €10,096 | €17,625 | +€7,529 | +74.6% |
| Financial fixed assets | 28 | €8,907 | €8,924 | +€17 | +0.2% |
| Current assets | 29/58 | €1,036,709 | €970,598 | -€66,111 | -6.4% |
| Stocks and contracts in progress | 3 | €794,561 | €826,193 | +€31,632 | +4.0% |
| Stocks | 30/36 | €794,561 | €826,193 | +€31,632 | +4.0% |
| Amounts receivable within one year | 40/41 | €31,761 | €25,192 | -€6,569 | -20.7% |
| Trade receivables | 40 | €15,939 | €25,192 | +€9,253 | +58.1% |
| Other amounts receivable | 41 | €15,822 | €0 | -€15,822 | -100% |
| Cash at bank and in hand | 54/58 | €210,291 | €119,213 | -€91,078 | -43.3% |
| Deferred charges and accrued income | 490/1 | €96 | €0 | -€96 | -100% |
| Total equity and liabilities | 10/49 | €1,067,990 | €1,021,971 | -€46,020 | -4.3% |
| Equity | 10/15 | €549,856 | €617,650 | +€67,794 | +12.3% |
| Contributions | 10/11 | €250,592 | €250,592 | = | 0.0% |
| Reserves | 13 | €302,650 | €367,058 | +€64,408 | +21.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €302,650 | €367,058 | +€64,408 | +21.3% |
| Profit (loss) carried forward | 14 | -€3,386 | €0 | +€3,386 | |
| Amounts payable | 17/49 | €518,134 | €404,321 | -€113,814 | -22.0% |
| Amounts payable within one year | 42/48 | €491,004 | €382,708 | -€108,296 | -22.1% |
| Financial debts | 43 | €70,000 | €0 | -€70,000 | -100% |
| Credit institutions | 430/8 | €70,000 | €0 | -€70,000 | -100% |
| Trade debts | 44 | €40,340 | €36,059 | -€4,280 | -10.6% |
| Suppliers | 440/4 | €40,340 | €36,059 | -€4,280 | -10.6% |
| Advances received on contracts in progress | 46 | €20,000 | €20,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €34,463 | €29,990 | -€4,473 | -13.0% |
| Taxes | 450/3 | €9,671 | €19,615 | +€9,944 | +103% |
| Remuneration and social security | 454/9 | €24,793 | €10,375 | -€14,418 | -58.2% |
| Other amounts payable | 47/48 | €326,201 | €296,658 | -€29,543 | -9.1% |
| Accrued charges and deferred income | 492/3 | €27,130 | €21,612 | -€5,518 | -20.3% |
| Remuneration, social security and pensions | 62 | €224,381 | €189,449 | -€34,932 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,576 | €26,554 | +€3,978 | +17.6% |
| Other operating charges | 640/8 | €4,940 | €8,729 | +€3,788 | +76.7% |
| Non-recurring operating charges | 66A | - | €172 | +€172 | |
| Gross operating margin | 9900 | €287,399 | €350,775 | +€63,377 | +22.1% |
| Operating profit (loss) | 9901 | €35,501 | €125,872 | +€90,371 | +255% |
| Financial income | 75/76B | €13,438 | €9,801 | -€3,636 | -27.1% |
| Recurring financial income | 75 | €13,438 | €9,801 | -€3,636 | -27.1% |
| Financial charges | 65/66B | €34,487 | €28,811 | -€5,676 | -16.5% |
| Recurring financial charges | 65 | €34,487 | €28,811 | -€5,676 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €14,452 | €106,862 | +€92,410 | +639% |
| Income taxes | 67/77 | €11,596 | €39,068 | +€27,472 | +237% |
| Profit (loss) for the period | 9904 | €2,857 | €67,794 | +€64,938 | +2,273% |
| Profit (loss) for the period to be appropriated | 9905 | €2,857 | €67,794 | +€64,938 | +2,273% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.