HIKO: 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.
HIKO
Largest movements
- Tangible fixed assets -€31,850
down €31,850 (-3.6%), from €883,464 to €851,614
of which Land and buildings: -€19,169
- Other debts -€15,563
down €15,563 (-3.7%), from €417,097 to €401,534
- Reserves -€13,652
down €13,652 (-3.5%), from €394,655 to €381,003
of which Tax-exempt reserves: -€13,652
- Gross operating margin -€1,437
down €1,437 (-11.3%), from €12,706 to €11,270
- Depreciation -€436
down €436 (-1.3%), from €32,286 to €31,850
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 | €910,142 | €870,671 | -€39,471 | -4.3% |
| Fixed assets | 21/28 | €884,084 | €852,234 | -€31,850 | -3.6% |
| Tangible fixed assets | 22/27 | €883,464 | €851,614 | -€31,850 | -3.6% |
| Land and buildings | 22 | €780,839 | €761,670 | -€19,169 | -2.5% |
| Plant, machinery and equipment | 23 | €102,625 | €89,943 | -€12,682 | -12.4% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €26,057 | €18,437 | -€7,621 | -29.2% |
| Amounts receivable within one year | 40/41 | €12,000 | €13,000 | +€1,000 | +8.3% |
| Trade receivables | 40 | €12,000 | €13,000 | +€1,000 | +8.3% |
| Cash at bank and in hand | 54/58 | €13,762 | €5,437 | -€8,325 | -60.5% |
| Deferred charges and accrued income | 490/1 | €295 | - | -€295 | |
| Total equity and liabilities | 10/49 | €910,142 | €870,671 | -€39,471 | -4.3% |
| Equity | 10/15 | €364,584 | €345,215 | -€19,369 | -5.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €394,655 | €381,003 | -€13,652 | -3.5% |
| Tax-exempt reserves | 132 | €383,632 | €369,979 | -€13,652 | -3.6% |
| Distributable reserves | 133 | €11,024 | €11,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,663 | -€54,380 | -€5,717 | -11.7% |
| Provisions and deferred taxes | 16 | €127,877 | €123,326 | -€4,551 | -3.6% |
| Deferred taxes | 168 | €127,877 | €123,326 | -€4,551 | -3.6% |
| Amounts payable | 17/49 | €417,680 | €402,129 | -€15,551 | -3.7% |
| Amounts payable within one year | 42/48 | €417,554 | €402,001 | -€15,553 | -3.7% |
| Taxes, remuneration and social security | 45 | €457 | €467 | +€10 | +2.2% |
| Taxes | 450/3 | €457 | €467 | +€10 | +2.2% |
| Other amounts payable | 47/48 | €417,097 | €401,534 | -€15,563 | -3.7% |
| Accrued charges and deferred income | 492/3 | €126 | €128 | +€2 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,286 | €31,850 | -€436 | -1.3% |
| Other operating charges | 640/8 | €2,948 | €3,018 | +€70 | +2.4% |
| Gross operating margin | 9900 | €12,706 | €11,270 | -€1,437 | -11.3% |
| Operating profit (loss) | 9901 | -€22,528 | -€23,599 | -€1,071 | -4.8% |
| Financial charges | 65/66B | €83 | €83 | -€0 | 0.0% |
| Recurring financial charges | 65 | €83 | €83 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,611 | -€23,682 | -€1,071 | -4.7% |
| Transfer from deferred taxes | 780 | €4,551 | €4,551 | = | 0.0% |
| Income taxes | 67/77 | €230 | €237 | +€7 | +3.2% |
| Profit (loss) for the period | 9904 | -€18,290 | -€19,369 | -€1,079 | -5.9% |
| Transfer from tax-exempt reserves | 789 | €13,652 | €13,652 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,638 | -€5,717 | -€1,079 | -23.3% |
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 4 October 2026 via checked.be.