HIJ: 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.
HIJ
Largest movements
- Receivables within one year -€79,983
down €79,983 (-50.7%), from €157,820 to €77,838
of which Trade receivables: -€74,389
- Tangible fixed assets -€60,451
down €60,451 (-7.5%), from €807,216 to €746,765
of which Land and buildings: -€41,613
- Intangible fixed assets -€20,000
down €20,000 (-62.1%), from €32,219 to €12,219
- Trade debts -€75,735
down €75,735 (-49.4%), from €153,248 to €77,513
- Profit (loss) carried forward -€53,427
down €53,427 (-43.7%), from -€122,232 to -€175,658
- Debts after one year -€31,301
down €31,301 (-5.7%), from €544,576 to €513,275
- Other debts +€18,024
up €18,024 (+18.1%), from €99,539 to €117,563
- Other operating charges -€35,214
down €35,214 (-60.6%), from €58,096 to €22,883
- Financial charges -€13,962
down €13,962 (-57.2%), from €24,427 to €10,465
- Gross operating margin -€4,593
down €4,593 (-6.8%), from €67,421 to €62,828
- Staff costs -€3,701
down €3,701 (-30.3%), from €12,198 to €8,497
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 | €1,006,992 | €856,149 | -€150,843 | -15.0% |
| Fixed assets | 21/28 | €841,298 | €760,848 | -€80,451 | -9.6% |
| Intangible fixed assets | 21 | €32,219 | €12,219 | -€20,000 | -62.1% |
| Tangible fixed assets | 22/27 | €807,216 | €746,765 | -€60,451 | -7.5% |
| Land and buildings | 22 | €750,807 | €709,193 | -€41,613 | -5.5% |
| Plant, machinery and equipment | 23 | €18,450 | €17,572 | -€877 | -4.8% |
| Furniture and vehicles | 24 | €37,960 | €20,000 | -€17,960 | -47.3% |
| Financial fixed assets | 28 | €1,863 | €1,863 | = | 0.0% |
| Current assets | 29/58 | €165,694 | €95,302 | -€70,392 | -42.5% |
| Amounts receivable within one year | 40/41 | €157,820 | €77,838 | -€79,983 | -50.7% |
| Trade receivables | 40 | €150,440 | €76,051 | -€74,389 | -49.4% |
| Other amounts receivable | 41 | €7,380 | €1,786 | -€5,593 | -75.8% |
| Cash at bank and in hand | 54/58 | €6,118 | €15,552 | +€9,434 | +154.2% |
| Deferred charges and accrued income | 490/1 | €1,756 | €1,912 | +€156 | +8.9% |
| Total equity and liabilities | 10/49 | €1,006,992 | €856,149 | -€150,843 | -15.0% |
| Equity | 10/15 | €154,268 | €92,342 | -€61,927 | -40.1% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,232 | -€175,658 | -€53,427 | -43.7% |
| Investment grants | 15 | €76,500 | €68,000 | -€8,500 | -11.1% |
| Amounts payable | 17/49 | €852,724 | €763,808 | -€88,916 | -10.4% |
| Amounts payable after more than one year | 17 | €544,576 | €513,275 | -€31,301 | -5.7% |
| Financial debts | 170/4 | €544,576 | €513,275 | -€31,301 | -5.7% |
| Amounts payable within one year | 42/48 | €276,844 | €219,153 | -€57,691 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €22,405 | €22,779 | +€374 | +1.7% |
| Financial debts | 43 | €225 | €225 | = | 0.0% |
| Credit institutions | 430/8 | €225 | €225 | = | 0.0% |
| Trade debts | 44 | €153,248 | €77,513 | -€75,735 | -49.4% |
| Suppliers | 440/4 | €153,248 | €77,513 | -€75,735 | -49.4% |
| Advances received on contracts in progress | 46 | €433 | €433 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €994 | €639 | -€354 | -35.7% |
| Remuneration and social security | 454/9 | €994 | €639 | -€354 | -35.7% |
| Other amounts payable | 47/48 | €99,539 | €117,563 | +€18,024 | +18.1% |
| Accrued charges and deferred income | 492/3 | €31,304 | €31,380 | +€76 | +0.2% |
| Non-recurring operating income | 76A | - | €3,704 | +€3,704 | |
| Remuneration, social security and pensions | 62 | €12,198 | €8,497 | -€3,701 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,918 | €79,297 | -€621 | -0.8% |
| Other operating charges | 640/8 | €58,096 | €22,883 | -€35,214 | -60.6% |
| Non-recurring operating charges | 66A | - | €3,616 | +€3,616 | |
| Gross operating margin | 9900 | €67,421 | €62,828 | -€4,593 | -6.8% |
| Operating profit (loss) | 9901 | -€82,791 | -€51,465 | +€31,327 | +37.8% |
| Financial income | 75/76B | €8,671 | €8,503 | -€168 | -1.9% |
| Recurring financial income | 75 | €8,671 | €8,503 | -€168 | -1.9% |
| Financial charges | 65/66B | €24,427 | €10,465 | -€13,962 | -57.2% |
| Recurring financial charges | 65 | €24,427 | €10,465 | -€13,962 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | -€98,547 | -€53,427 | +€45,120 | +45.8% |
| Profit (loss) for the period | 9904 | -€98,547 | -€53,427 | +€45,120 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€98,547 | -€53,427 | +€45,120 | +45.8% |
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 2 October 2026 via checked.be.