HIKO: 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.
HIKO
Largest movements
- Current investments -€31,135
down €31,135 (-83.4%), from €37,315 to €6,180
- Tangible fixed assets -€23,674
down €23,674 (-9.9%), from €240,177 to €216,504
of which Furniture and vehicles: -€12,130
- Cash -€10,191
down €10,191 (-63.5%), from €16,056 to €5,864
mainly Net result for the year (-€26,094) and Other debts (-€22,914)
- Receivables within one year +€7,000
new in 2025: €7,000
- Profit (loss) carried forward -€26,094
down €26,094 (-65.0%), from €40,174 to €14,080
- Other debts -€22,914
down €22,914 (-31.8%), from €72,037 to €49,123
- Tax, wage and social debts -€7,649
down €7,649 (-97.7%), from €7,825 to €176
of which Remuneration and social security: -€5,000
- Gross operating margin -€55,617
down €55,617 (-85.1%), from €65,338 to €9,721
- Taxes -€8,927
down €8,927, from €8,825 to -€102
- Financial income -€4,795
down €4,795 (-96.9%), from €4,949 to €155
- Other operating charges +€2,430
up €2,430 (+116.5%), from €2,085 to €4,515
- Depreciation -€1,362
down €1,362 (-4.3%), from €31,779 to €30,417
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 | €293,847 | €235,848 | -€58,000 | -19.7% |
| Fixed assets | 21/28 | €240,477 | €216,804 | -€23,674 | -9.8% |
| Tangible fixed assets | 22/27 | €240,177 | €216,504 | -€23,674 | -9.9% |
| Land and buildings | 22 | €200,372 | €193,330 | -€7,041 | -3.5% |
| Plant, machinery and equipment | 23 | €14,050 | €9,548 | -€4,502 | -32.0% |
| Furniture and vehicles | 24 | €25,756 | €13,626 | -€12,130 | -47.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €53,370 | €19,044 | -€34,326 | -64.3% |
| Amounts receivable within one year | 40/41 | - | €7,000 | +€7,000 | |
| Trade receivables | 40 | - | €7,000 | +€7,000 | |
| Current investments | 50/53 | €37,315 | €6,180 | -€31,135 | -83.4% |
| Cash at bank and in hand | 54/58 | €16,056 | €5,864 | -€10,191 | -63.5% |
| Total equity and liabilities | 10/49 | €293,847 | €235,848 | -€58,000 | -19.7% |
| Equity | 10/15 | €101,154 | €75,060 | -€26,094 | -25.8% |
| Contributions | 10/11 | €7,374 | €7,374 | = | 0.0% |
| Reserves | 13 | €53,607 | €53,607 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €51,752 | €51,752 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,174 | €14,080 | -€26,094 | -65.0% |
| Amounts payable | 17/49 | €192,693 | €160,787 | -€31,906 | -16.6% |
| Amounts payable after more than one year | 17 | €110,632 | €110,632 | = | 0.0% |
| Other amounts payable | 178/9 | €110,632 | €110,632 | = | 0.0% |
| Amounts payable within one year | 42/48 | €80,942 | €50,156 | -€30,786 | -38.0% |
| Trade debts | 44 | €1,079 | €856 | -€223 | -20.7% |
| Suppliers | 440/4 | €1,079 | €856 | -€223 | -20.7% |
| Taxes, remuneration and social security | 45 | €7,825 | €176 | -€7,649 | -97.7% |
| Taxes | 450/3 | €2,825 | €176 | -€2,649 | -93.8% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €72,037 | €49,123 | -€22,914 | -31.8% |
| Accrued charges and deferred income | 492/3 | €1,120 | - | -€1,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,779 | €30,417 | -€1,362 | -4.3% |
| Other operating charges | 640/8 | €2,085 | €4,515 | +€2,430 | +116.5% |
| Gross operating margin | 9900 | €65,338 | €9,721 | -€55,617 | -85.1% |
| Operating profit (loss) | 9901 | €31,474 | -€25,211 | -€56,684 | |
| Financial income | 75/76B | €4,949 | €155 | -€4,795 | -96.9% |
| Recurring financial income | 75 | €4,949 | €155 | -€4,795 | -96.9% |
| Financial charges | 65/66B | €679 | €1,139 | +€461 | +67.9% |
| Recurring financial charges | 65 | €679 | €1,139 | +€461 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | €35,744 | -€26,195 | -€61,939 | |
| Income taxes | 67/77 | €8,825 | -€102 | -€8,927 | |
| Profit (loss) for the period | 9904 | €26,918 | -€26,094 | -€53,012 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,918 | -€26,094 | -€53,012 |
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 10 October 2026 via checked.be.