HIMADA: 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.
HIMADA
Largest movements
- Cash +€37,132
up €37,132 (+18.5%), from €200,833 to €237,965
mainly Net result for the year (+€28,352) and Investment in fixed assets (net) (+€5,630)
- Reserves +€28,352
up €28,352 (+6.4%), from €442,076 to €470,427
of which Distributable reserves: +€28,352
- Financial income +€33,250
up €33,250 (+27733.6%), from €120 to €33,370
- Taxes +€3,150
new in 2025: €3,150
- Gross operating margin +€2,888
up €2,888 (+68.7%), from -€4,206 to -€1,317
- Other operating charges -€215
down €215 (-29.6%), from €727 to €512
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 | €615,412 | €646,914 | +€31,502 | +5.1% |
| Fixed assets | 21/28 | €11,815 | €6,185 | -€5,630 | -47.7% |
| Financial fixed assets | 28 | €11,815 | €6,185 | -€5,630 | -47.7% |
| Current assets | 29/58 | €603,596 | €640,729 | +€37,132 | +6.2% |
| Amounts receivable after more than one year | 29 | €401,023 | €401,023 | = | 0.0% |
| Other amounts receivable | 291 | €401,023 | €401,023 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,740 | €1,740 | = | 0.0% |
| Other amounts receivable | 41 | €1,740 | €1,740 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €200,833 | €237,965 | +€37,132 | +18.5% |
| Total equity and liabilities | 10/49 | €615,412 | €646,914 | +€31,502 | +5.1% |
| Equity | 10/15 | €608,020 | €636,372 | +€28,352 | +4.7% |
| Contributions | 10/11 | €165,945 | €165,945 | = | 0.0% |
| Capital | 10 | €165,945 | €165,945 | = | 0.0% |
| Issued capital | 100 | €165,945 | €165,945 | = | 0.0% |
| Reserves | 13 | €442,076 | €470,427 | +€28,352 | +6.4% |
| Non-distributable reserves | 130/1 | €24,162 | €24,162 | = | 0.0% |
| Legal reserve | 130 | €24,162 | €24,162 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,773 | €13,773 | = | 0.0% |
| Distributable reserves | 133 | €404,140 | €432,491 | +€28,352 | +7.0% |
| Provisions and deferred taxes | 16 | €7,392 | €7,392 | = | 0.0% |
| Deferred taxes | 168 | €7,392 | €7,392 | = | 0.0% |
| Amounts payable | 17/49 | - | €3,150 | +€3,150 | |
| Amounts payable within one year | 42/48 | - | €3,150 | +€3,150 | |
| Taxes, remuneration and social security | 45 | - | €3,150 | +€3,150 | |
| Taxes | 450/3 | - | €3,150 | +€3,150 | |
| Other operating charges | 640/8 | €727 | €512 | -€215 | -29.6% |
| Gross operating margin | 9900 | -€4,206 | -€1,317 | +€2,888 | +68.7% |
| Operating profit (loss) | 9901 | -€4,932 | -€1,829 | +€3,104 | +62.9% |
| Financial income | 75/76B | €120 | €33,370 | +€33,250 | +27733.6% |
| Recurring financial income | 75 | €120 | €33,370 | +€33,250 | +27733.6% |
| Financial charges | 65/66B | €38 | €39 | +€2 | +4.0% |
| Recurring financial charges | 65 | €38 | €39 | +€2 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,850 | €31,502 | +€36,352 | |
| Income taxes | 67/77 | - | €3,150 | +€3,150 | |
| Profit (loss) for the period | 9904 | -€4,850 | €28,352 | +€33,202 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,850 | €28,352 | +€33,202 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.