HIFSO: 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.
HIFSO
Largest movements
- Cash -€19,901
down €19,901 (-70.9%), from €28,050 to €8,150
mainly Tax, wage and social debts (-€9,989) and Net result for the year (-€5,653)
- Receivables within one year -€3,026
down €3,026 (-50.6%), from €5,983 to €2,957
of which Trade receivables: -€5,937
- Tangible fixed assets -€683
down €683 (-38.7%), from €1,765 to €1,081
of which Furniture and vehicles: -€456
- Tax, wage and social debts -€9,989
no longer reported in 2025 (was €9,989)
- Profit (loss) carried forward -€5,653
down €5,653 (-38.1%), from €14,841 to €9,188
- Trade debts -€4,932
no longer reported in 2025 (was €4,932)
- Other debts -€3,263
no longer reported in 2025 (was €3,263)
- Gross operating margin -€33,080
down €33,080, from €28,685 to -€4,396
- Taxes -€9,410
no longer reported in 2025 (was €9,410)
- Financial charges -€905
down €905 (-83.9%), from €1,078 to €173
- Other operating charges -€565
down €565 (-76.4%), from €739 to €174
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 | €36,024 | €12,188 | -€23,837 | -66.2% |
| Formation expenses | 20 | €226 | - | -€226 | |
| Fixed assets | 21/28 | €1,765 | €1,081 | -€683 | -38.7% |
| Tangible fixed assets | 22/27 | €1,765 | €1,081 | -€683 | -38.7% |
| Plant, machinery and equipment | 23 | €537 | €309 | -€228 | -42.4% |
| Furniture and vehicles | 24 | €1,228 | €772 | -€456 | -37.1% |
| Current assets | 29/58 | €34,033 | €11,106 | -€22,927 | -67.4% |
| Amounts receivable within one year | 40/41 | €5,983 | €2,957 | -€3,026 | -50.6% |
| Trade receivables | 40 | €5,937 | - | -€5,937 | |
| Other amounts receivable | 41 | €46 | €2,957 | +€2,911 | +6328.6% |
| Cash at bank and in hand | 54/58 | €28,050 | €8,150 | -€19,901 | -70.9% |
| Total equity and liabilities | 10/49 | €36,024 | €12,188 | -€23,837 | -66.2% |
| Equity | 10/15 | €17,841 | €12,188 | -€5,653 | -31.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,841 | €9,188 | -€5,653 | -38.1% |
| Amounts payable | 17/49 | €18,184 | - | -€18,184 | |
| Amounts payable within one year | 42/48 | €18,184 | - | -€18,184 | |
| Trade debts | 44 | €4,932 | - | -€4,932 | |
| Suppliers | 440/4 | €4,932 | - | -€4,932 | |
| Taxes, remuneration and social security | 45 | €9,989 | - | -€9,989 | |
| Taxes | 450/3 | €9,989 | - | -€9,989 | |
| Other amounts payable | 47/48 | €3,263 | - | -€3,263 | |
| Non-recurring operating income | 76A | €3,136 | €1,735 | -€1,401 | -44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €661 | €910 | +€249 | +37.6% |
| Other operating charges | 640/8 | €739 | €174 | -€565 | -76.4% |
| Gross operating margin | 9900 | €28,685 | -€4,396 | -€33,080 | |
| Operating profit (loss) | 9901 | €27,284 | -€5,480 | -€32,764 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,078 | €173 | -€905 | -83.9% |
| Recurring financial charges | 65 | €1,078 | €173 | -€905 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | €26,209 | -€5,653 | -€31,862 | |
| Income taxes | 67/77 | €9,410 | - | -€9,410 | |
| Profit (loss) for the period | 9904 | €16,799 | -€5,653 | -€22,452 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,799 | -€5,653 | -€22,452 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.