HIFI SON: 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 SON
Largest movements
- Stocks and contracts -€36,375
down €36,375 (-51.3%), from €70,901 to €34,526
- Cash +€24,461
up €24,461 (+18.1%), from €135,098 to €159,559
mainly Stocks and contracts (+€36,375) and Receivables within one year (+€1,592)
- Financial fixed assets -€2,500
down €2,500 (-55.7%), from €4,487 to €1,987
- Trade debts -€8,231
down €8,231 (-96.0%), from €8,577 to €345
- Profit (loss) carried forward -€6,475
down €6,475 (-3.1%), from €206,393 to €199,918
- Purchases and services -€126,958
down €126,958 (-31.6%), from €401,548 to €274,589
- Turnover -€119,363
down €119,363 (-27.5%), from €433,342 to €313,979
- Staff costs -€19,192
down €19,192 (-29.2%), from €65,664 to €46,471
- Gross operating margin +€7,480
up €7,480 (+23.4%), from €31,909 to €39,390
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €245,551 | €229,191 | -€16,360 | -6.7% |
| Fixed assets | 21/28 | €5,994 | €3,141 | -€2,853 | -47.6% |
| Tangible fixed assets | 22/27 | €1,506 | €1,153 | -€353 | -23.4% |
| Plant, machinery and equipment | 23 | - | €693 | +€693 | |
| Furniture and vehicles | 24 | €586 | - | -€586 | |
| Other tangible fixed assets | 26 | €920 | €460 | -€460 | -50.0% |
| Financial fixed assets | 28 | €4,487 | €1,987 | -€2,500 | -55.7% |
| Current assets | 29/58 | €239,557 | €226,050 | -€13,507 | -5.6% |
| Stocks and contracts in progress | 3 | €70,901 | €34,526 | -€36,375 | -51.3% |
| Stocks | 30/36 | €70,901 | €34,526 | -€36,375 | -51.3% |
| Amounts receivable within one year | 40/41 | €7,488 | €5,897 | -€1,592 | -21.3% |
| Trade receivables | 40 | €7,488 | €5,897 | -€1,592 | -21.3% |
| Current investments | 50/53 | €25,289 | €25,289 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €135,098 | €159,559 | +€24,461 | +18.1% |
| Deferred charges and accrued income | 490/1 | €781 | €779 | -€2 | -0.2% |
| Total equity and liabilities | 10/49 | €245,551 | €229,191 | -€16,360 | -6.7% |
| Equity | 10/15 | €226,983 | €220,508 | -€6,475 | -2.9% |
| Contributions | 10/11 | €18,718 | €18,718 | = | 0.0% |
| Capital | 10 | €18,718 | €18,718 | = | 0.0% |
| Issued capital | 100 | €18,718 | €18,718 | = | 0.0% |
| Reserves | 13 | €1,872 | €1,872 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,872 | €1,872 | = | 0.0% |
| Legal reserve | 130 | €1,872 | €1,872 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,393 | €199,918 | -€6,475 | -3.1% |
| Amounts payable | 17/49 | €18,568 | €8,683 | -€9,885 | -53.2% |
| Amounts payable within one year | 42/48 | €18,568 | €8,683 | -€9,885 | -53.2% |
| Trade debts | 44 | €8,577 | €345 | -€8,231 | -96.0% |
| Suppliers | 440/4 | €8,577 | €345 | -€8,231 | -96.0% |
| Taxes, remuneration and social security | 45 | €9,992 | €8,338 | -€1,654 | -16.6% |
| Taxes | 450/3 | €1,830 | €176 | -€1,654 | -90.4% |
| Remuneration and social security | 454/9 | €8,161 | €8,161 | = | 0.0% |
| Turnover | 70 | €433,342 | €313,979 | -€119,363 | -27.5% |
| Non-recurring operating income | 76A | €115 | €15 | -€100 | -87.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €401,548 | €274,589 | -€126,958 | -31.6% |
| Remuneration, social security and pensions | 62 | €65,664 | €46,471 | -€19,192 | -29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,678 | €1,278 | -€401 | -23.9% |
| Other operating charges | 640/8 | €139 | €150 | +€10 | +7.4% |
| Gross operating margin | 9900 | €31,909 | €39,390 | +€7,480 | +23.4% |
| Operating profit (loss) | 9901 | -€35,572 | -€8,509 | +€27,063 | +76.1% |
| Financial income | 75/76B | €5,432 | €3,499 | -€1,933 | -35.6% |
| Recurring financial income | 75 | €5,432 | €3,499 | -€1,933 | -35.6% |
| Financial charges | 65/66B | €1,710 | €1,409 | -€302 | -17.6% |
| Recurring financial charges | 65 | €1,710 | €1,409 | -€302 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€31,850 | -€6,418 | +€25,432 | +79.8% |
| Income taxes | 67/77 | €57 | €57 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€31,907 | -€6,475 | +€25,432 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,907 | -€6,475 | +€25,432 | +79.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.