HIGEJA: 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.
HIGEJA
Largest movements
- Tangible fixed assets -€27,195
down €27,195 (-9.0%), from €301,109 to €273,914
of which Land and buildings: -€24,571
- Cash -€6,907
down €6,907 (-99.9%), from €6,914 to €7
mainly Contributions, distributions and other (-€38,577) and Tax, wage and social debts (-€16,608)
- Receivables within one year -€4,587
down €4,587 (-11.1%), from €41,164 to €36,577
of which Trade receivables: -€14,536
- Reserves -€20,904
down €20,904 (-11.0%), from €190,486 to €169,582
- Tax, wage and social debts -€16,608
down €16,608 (-64.5%), from €25,745 to €9,136
of which Taxes: -€15,818
- Debts after one year -€10,014
down €10,014 (-9.7%), from €103,015 to €93,001
- Gross operating margin -€8,570
down €8,570 (-11.7%), from €73,318 to €64,748
- Taxes -€1,753
down €1,753 (-15.3%), from €11,484 to €9,732
- Financial charges -€1,078
down €1,078 (-11.5%), from €9,381 to €8,304
- Financial income +€812
up €812 (+520%), from €156 to €968
of which Financial income: +€812
- Other operating charges +€747
up €747 (+44.4%), from €1,680 to €2,426
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 | €353,905 | €315,233 | -€38,672 | -10.9% |
| Fixed assets | 21/28 | €302,795 | €275,213 | -€27,582 | -9.1% |
| Intangible fixed assets | 21 | €1,686 | €1,299 | -€387 | -23.0% |
| Tangible fixed assets | 22/27 | €301,109 | €273,914 | -€27,195 | -9.0% |
| Land and buildings | 22 | €293,771 | €269,200 | -€24,571 | -8.4% |
| Furniture and vehicles | 24 | €7,337 | €4,714 | -€2,624 | -35.8% |
| Current assets | 29/58 | €51,110 | €40,020 | -€11,090 | -21.7% |
| Amounts receivable within one year | 40/41 | €41,164 | €36,577 | -€4,587 | -11.1% |
| Trade receivables | 40 | €16,435 | €1,899 | -€14,536 | -88.4% |
| Other amounts receivable | 41 | €24,728 | €34,677 | +€9,949 | +40.2% |
| Cash at bank and in hand | 54/58 | €6,914 | €7 | -€6,907 | -99.9% |
| Deferred charges and accrued income | 490/1 | €3,032 | €3,437 | +€404 | +13.3% |
| Total equity and liabilities | 10/49 | €353,905 | €315,233 | -€38,672 | -10.9% |
| Equity | 10/15 | €190,586 | €169,682 | -€20,904 | -11.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €190,486 | €169,582 | -€20,904 | -11.0% |
| Distributable reserves | 133 | €190,486 | €169,582 | -€20,904 | -11.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €163,319 | €145,552 | -€17,767 | -10.9% |
| Amounts payable after more than one year | 17 | €103,015 | €93,001 | -€10,014 | -9.7% |
| Financial debts | 170/4 | €103,015 | €93,001 | -€10,014 | -9.7% |
| Amounts payable within one year | 42/48 | €58,118 | €48,697 | -€9,421 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €17,346 | €19,143 | +€1,797 | +10.4% |
| Financial debts | 43 | €12,545 | €15,712 | +€3,167 | +25.2% |
| Credit institutions | 430/8 | €12,545 | €15,712 | +€3,167 | +25.2% |
| Trade debts | 44 | €1,280 | €4,707 | +€3,427 | +268% |
| Suppliers | 440/4 | €1,280 | €4,707 | +€3,427 | +268% |
| Taxes, remuneration and social security | 45 | €25,745 | €9,136 | -€16,608 | -64.5% |
| Taxes | 450/3 | €20,561 | €4,742 | -€15,818 | -76.9% |
| Remuneration and social security | 454/9 | €5,184 | €4,394 | -€790 | -15.2% |
| Other amounts payable | 47/48 | €1,203 | €0 | -€1,203 | -100% |
| Accrued charges and deferred income | 492/3 | €2,186 | €3,853 | +€1,668 | +76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,704 | €27,582 | -€122 | -0.4% |
| Other operating charges | 640/8 | €1,680 | €2,426 | +€747 | +44.4% |
| Gross operating margin | 9900 | €73,318 | €64,748 | -€8,570 | -11.7% |
| Operating profit (loss) | 9901 | €43,934 | €34,740 | -€9,194 | -20.9% |
| Financial income | 75/76B | €156 | €968 | +€812 | +520% |
| Recurring financial income | 75 | €156 | €968 | +€812 | +520% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €9,381 | €8,304 | -€1,078 | -11.5% |
| Recurring financial charges | 65 | €9,381 | €8,304 | -€1,078 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €34,709 | €27,404 | -€7,304 | -21.0% |
| Income taxes | 67/77 | €11,484 | €9,732 | -€1,753 | -15.3% |
| Profit (loss) for the period | 9904 | €23,224 | €17,673 | -€5,552 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,224 | €17,673 | -€5,552 | -23.9% |
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 13 October 2026 via checked.be.