HIFINANCE: what changed
Two fiscal 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.
HIFINANCE
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€15,267
up €15,267 (+55.7%), from €27,414 to €42,681
- Debts after one year -€7,398
down €7,398 (-2.5%), from €295,042 to €287,644
- Profit (loss) carried forward -€3,179
down €3,179 (-0.4%), from -€792,912 to -€796,091
- Accrued charges and deferred income -€2,000
no longer reported in 2025 (was €2,000)
- Gross operating margin -€11,400
down €11,400 (-52.4%), from €21,766 to €10,366
- Other operating charges -€7,122
down €7,122 (-47.7%), from €14,916 to €7,794
- Depreciation -€2,245
down €2,245 (-82.2%), from €2,731 to €486
- Taxes -€598
down €598 (-14.9%), from €4,013 to €3,415
- Financial charges +€475
up €475 (+34.5%), from €1,375 to €1,850
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.
Cash bridge derived
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 | €195,681 | €196,733 | +€1,052 | +0.5% |
| Fixed assets | 21/28 | €186,072 | €185,586 | -€486 | -0.3% |
| Tangible fixed assets | 22/27 | €186,072 | €185,586 | -€486 | -0.3% |
| Other tangible fixed assets | 26 | €186,072 | €185,586 | -€486 | -0.3% |
| Current assets | 29/58 | €9,609 | €11,147 | +€1,539 | +16.0% |
| Amounts receivable within one year | 40/41 | €5,032 | €5,032 | = | 0.0% |
| Trade receivables | 40 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 41 | €32 | €32 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,087 | €4,584 | +€497 | +12.2% |
| Deferred charges and accrued income | 490/1 | €490 | €1,531 | +€1,041 | +212.7% |
| Total equity and liabilities | 10/49 | €195,681 | €196,733 | +€1,052 | +0.5% |
| Equity | 10/15 | -€133,020 | -€136,198 | -€3,179 | -2.4% |
| Contributions | 10/11 | €595,000 | €595,000 | = | 0.0% |
| Reserves | 13 | €64,893 | €64,893 | = | 0.0% |
| Distributable reserves | 133 | €64,893 | €64,893 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€792,912 | -€796,091 | -€3,179 | -0.4% |
| Amounts payable | 17/49 | €328,700 | €332,931 | +€4,231 | +1.3% |
| Amounts payable after more than one year | 17 | €295,042 | €287,644 | -€7,398 | -2.5% |
| Other amounts payable | 178/9 | €295,042 | €287,644 | -€7,398 | -2.5% |
| Amounts payable within one year | 42/48 | €31,658 | €45,287 | +€13,629 | +43.0% |
| Trade debts | 44 | €1,745 | €806 | -€938 | -53.8% |
| Suppliers | 440/4 | €1,745 | €806 | -€938 | -53.8% |
| Advances received on contracts in progress | 46 | €2,500 | €1,800 | -€700 | -28.0% |
| Other amounts payable | 47/48 | €27,414 | €42,681 | +€15,267 | +55.7% |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,731 | €486 | -€2,245 | -82.2% |
| Other operating charges | 640/8 | €14,916 | €7,794 | -€7,122 | -47.7% |
| Gross operating margin | 9900 | €21,766 | €10,366 | -€11,400 | -52.4% |
| Operating profit (loss) | 9901 | €4,119 | €2,087 | -€2,033 | -49.3% |
| Financial income | 75/76B | €108 | €0 | -€107 | -99.9% |
| Recurring financial income | 75 | €108 | €0 | -€107 | -99.9% |
| Financial charges | 65/66B | €1,375 | €1,850 | +€475 | +34.5% |
| Recurring financial charges | 65 | €1,375 | €1,850 | +€475 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €2,851 | €236 | -€2,615 | -91.7% |
| Income taxes | 67/77 | €4,013 | €3,415 | -€598 | -14.9% |
| Profit (loss) for the period | 9904 | -€1,162 | -€3,179 | -€2,017 | -173.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,162 | -€3,179 | -€2,017 | -173.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.