HIFIVE: 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.
HIFIVE
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€170,889
down €170,889 (-84.2%), from €202,899 to €32,010
mainly Current investments (-€200,000) and Investment in fixed assets (net) (-€20,653)
- Tangible fixed assets -€5,743
down €5,743 (-5.3%), from €107,640 to €101,897
of which Other tangible fixed assets: -€13,386
- Reserves +€29,171
up €29,171 (+13.2%), from €220,594 to €249,765
- Tax, wage and social debts -€8,562
down €8,562 (-74.1%), from €11,562 to €3,000
- Gross operating margin -€107,555
down €107,555 (-62.4%), from €172,305 to €64,750
- Taxes -€34,218
down €34,218 (-82.3%), from €41,562 to €7,344
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 | €324,998 | €346,075 | +€21,077 | +6.5% |
| Fixed assets | 21/28 | €107,640 | €101,897 | -€5,743 | -5.3% |
| Tangible fixed assets | 22/27 | €107,640 | €101,897 | -€5,743 | -5.3% |
| Plant, machinery and equipment | 23 | €11,431 | €19,879 | +€8,448 | +73.9% |
| Furniture and vehicles | 24 | €3,500 | €2,694 | -€805 | -23.0% |
| Other tangible fixed assets | 26 | €92,709 | €79,323 | -€13,386 | -14.4% |
| Current assets | 29/58 | €217,358 | €244,178 | +€26,820 | +12.3% |
| Amounts receivable within one year | 40/41 | €14,459 | €12,168 | -€2,291 | -15.8% |
| Trade receivables | 40 | €12,510 | €5,927 | -€6,583 | -52.6% |
| Other amounts receivable | 41 | €1,949 | €6,241 | +€4,292 | +220% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €202,899 | €32,010 | -€170,889 | -84.2% |
| Total equity and liabilities | 10/49 | €324,998 | €346,075 | +€21,077 | +6.5% |
| Equity | 10/15 | €309,194 | €338,365 | +€29,171 | +9.4% |
| Contributions | 10/11 | €88,600 | €88,600 | = | 0.0% |
| Reserves | 13 | €220,594 | €249,765 | +€29,171 | +13.2% |
| Distributable reserves | 133 | €220,594 | €249,765 | +€29,171 | +13.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €15,804 | €7,710 | -€8,094 | -51.2% |
| Amounts payable within one year | 42/48 | €15,555 | €7,235 | -€8,321 | -53.5% |
| Trade debts | 44 | €631 | €161 | -€470 | -74.4% |
| Suppliers | 440/4 | €631 | €161 | -€470 | -74.4% |
| Taxes, remuneration and social security | 45 | €11,562 | €3,000 | -€8,562 | -74.1% |
| Taxes | 450/3 | €11,562 | €3,000 | -€8,562 | -74.1% |
| Other amounts payable | 47/48 | €3,362 | €4,073 | +€711 | +21.1% |
| Accrued charges and deferred income | 492/3 | €248 | €475 | +€227 | +91.2% |
| Non-recurring operating income | 76A | - | €8 | +€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,050 | €26,396 | +€346 | +1.3% |
| Other operating charges | 640/8 | €624 | €654 | +€30 | +4.8% |
| Non-recurring operating charges | 66A | - | €1,619 | +€1,619 | |
| Gross operating margin | 9900 | €172,305 | €64,750 | -€107,555 | -62.4% |
| Operating profit (loss) | 9901 | €145,631 | €36,081 | -€109,550 | -75.2% |
| Financial income | 75/76B | €473 | €671 | +€199 | +42.0% |
| Recurring financial income | 75 | €473 | €671 | +€199 | +42.0% |
| Financial charges | 65/66B | €183 | €238 | +€55 | +30.1% |
| Recurring financial charges | 65 | €183 | €238 | +€55 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €145,921 | €36,515 | -€109,406 | -75.0% |
| Income taxes | 67/77 | €41,562 | €7,344 | -€34,218 | -82.3% |
| Profit (loss) for the period | 9904 | €104,359 | €29,171 | -€75,188 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €104,359 | €29,171 | -€75,188 | -72.0% |
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 25 October 2026 via checked.be.