HIKARU: 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.
HIKARU
Largest movements
- Cash +€51,974
up €51,974 (+23.4%), from €221,867 to €273,841
mainly Net result for the year (+€89,536) and Investment in fixed assets (net) (+€30,581)
- Receivables within one year +€39,472
up €39,472 (+116%), from €34,086 to €73,557
of which Other amounts receivable: +€20,368
- Tangible fixed assets -€36,771
down €36,771 (-33.0%), from €111,467 to €74,696
of which Other tangible fixed assets: -€34,714
- Deferred charges and accrued income +€19,554
new in 2025: €19,554
- Reserves +€89,536
up €89,536 (+28.1%), from €318,469 to €408,005
- Trade debts -€29,376
no longer reported in 2025 (was €29,376)
- Tax, wage and social debts +€11,327
up €11,327 (+85.1%), from €13,316 to €24,643
- Accrued charges and deferred income +€8,000
new in 2025: €8,000
- Other debts -€5,259
no longer reported in 2025 (was €5,259)
- Gross operating margin +€68,705
up €68,705 (+63.7%), from €107,830 to €176,534
- Taxes +€4,325
up €4,325 (+19.5%), from €22,215 to €26,540
- Other operating charges -€3,060
down €3,060 (-76.9%), from €3,978 to €918
- Depreciation +€2,383
up €2,383 (+62.6%), from €3,808 to €6,191
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 | €367,420 | €441,648 | +€74,228 | +20.2% |
| Fixed assets | 21/28 | €111,467 | €74,696 | -€36,771 | -33.0% |
| Tangible fixed assets | 22/27 | €111,467 | €74,696 | -€36,771 | -33.0% |
| Plant, machinery and equipment | 23 | €3,415 | €2,115 | -€1,300 | -38.1% |
| Furniture and vehicles | 24 | €1,273 | €516 | -€757 | -59.5% |
| Other tangible fixed assets | 26 | €106,779 | €72,065 | -€34,714 | -32.5% |
| Current assets | 29/58 | €255,953 | €366,953 | +€111,000 | +43.4% |
| Amounts receivable within one year | 40/41 | €34,086 | €73,557 | +€39,472 | +116% |
| Trade receivables | 40 | €34,086 | €53,189 | +€19,104 | +56.0% |
| Other amounts receivable | 41 | - | €20,368 | +€20,368 | |
| Cash at bank and in hand | 54/58 | €221,867 | €273,841 | +€51,974 | +23.4% |
| Deferred charges and accrued income | 490/1 | - | €19,554 | +€19,554 | |
| Total equity and liabilities | 10/49 | €367,420 | €441,648 | +€74,228 | +20.2% |
| Equity | 10/15 | €319,469 | €409,005 | +€89,536 | +28.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €318,469 | €408,005 | +€89,536 | +28.1% |
| Distributable reserves | 133 | €318,469 | €408,005 | +€89,536 | +28.1% |
| Amounts payable | 17/49 | €47,951 | €32,643 | -€15,308 | -31.9% |
| Amounts payable within one year | 42/48 | €47,951 | €24,643 | -€23,308 | -48.6% |
| Trade debts | 44 | €29,376 | - | -€29,376 | |
| Suppliers | 440/4 | €29,376 | - | -€29,376 | |
| Taxes, remuneration and social security | 45 | €13,316 | €24,643 | +€11,327 | +85.1% |
| Taxes | 450/3 | €13,316 | €24,643 | +€11,327 | +85.1% |
| Other amounts payable | 47/48 | €5,259 | - | -€5,259 | |
| Accrued charges and deferred income | 492/3 | - | €8,000 | +€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,808 | €6,191 | +€2,383 | +62.6% |
| Other operating charges | 640/8 | €3,978 | €918 | -€3,060 | -76.9% |
| Non-recurring operating charges | 66A | €100 | €53,736 | +€53,636 | +53,636% |
| Gross operating margin | 9900 | €107,830 | €176,534 | +€68,705 | +63.7% |
| Operating profit (loss) | 9901 | €99,944 | €115,689 | +€15,745 | +15.8% |
| Financial income | 75/76B | - | €541 | +€541 | |
| Recurring financial income | 75 | - | €541 | +€541 | |
| Financial charges | 65/66B | €348 | €153 | -€195 | -56.0% |
| Recurring financial charges | 65 | €348 | €153 | -€195 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €99,596 | €116,077 | +€16,481 | +16.5% |
| Income taxes | 67/77 | €22,215 | €26,540 | +€4,325 | +19.5% |
| Profit (loss) for the period | 9904 | €77,381 | €89,536 | +€12,156 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,381 | €89,536 | +€12,156 | +15.7% |
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.