HIMAL: 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.
HIMAL
Largest movements
- Receivables within one year +€7,045
up €7,045 (+980.1%), from €719 to €7,764
of which Other amounts receivable: +€3,827
- Intangible fixed assets -€4,000
down €4,000 (-13.2%), from €30,323 to €26,323
- Deferred charges and accrued income +€3,640
new in 2025: €3,640
- Tangible fixed assets +€2,191
up €2,191 (+339.4%), from €646 to €2,836
- Profit (loss) carried forward +€12,956
up €12,956 (+27.3%), from -€47,539 to -€34,583
- Other debts -€9,779
down €9,779 (-21.5%), from €45,530 to €35,751
- Tax, wage and social debts +€8,541
up €8,541 (+64.9%), from €13,151 to €21,692
of which Remuneration and social security: +€6,272
- Debts after one year -€6,096
no longer reported in 2025 (was €6,096)
- Trade debts +€5,800
up €5,800 (+40.3%), from €14,409 to €20,209
- Gross operating margin +€39,939
up €39,939 (+63.0%), from €63,361 to €103,300
- Staff costs +€22,895
up €22,895 (+40.7%), from €56,255 to €79,151
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 | €44,569 | €54,165 | +€9,595 | +21.5% |
| Fixed assets | 21/28 | €30,969 | €29,160 | -€1,809 | -5.8% |
| Intangible fixed assets | 21 | €30,323 | €26,323 | -€4,000 | -13.2% |
| Tangible fixed assets | 22/27 | €646 | €2,836 | +€2,191 | +339.4% |
| Plant, machinery and equipment | 23 | €646 | €2,836 | +€2,191 | +339.4% |
| Current assets | 29/58 | €13,601 | €25,005 | +€11,404 | +83.9% |
| Stocks and contracts in progress | 3 | €1,826 | €2,267 | +€441 | +24.1% |
| Stocks | 30/36 | €1,826 | €2,267 | +€441 | +24.1% |
| Amounts receivable within one year | 40/41 | €719 | €7,764 | +€7,045 | +980.1% |
| Trade receivables | 40 | - | €3,219 | +€3,219 | |
| Other amounts receivable | 41 | €719 | €4,545 | +€3,827 | +532.3% |
| Cash at bank and in hand | 54/58 | €11,056 | €11,334 | +€278 | +2.5% |
| Deferred charges and accrued income | 490/1 | - | €3,640 | +€3,640 | |
| Total equity and liabilities | 10/49 | €44,569 | €54,165 | +€9,595 | +21.5% |
| Equity | 10/15 | -€42,539 | -€29,583 | +€12,956 | +30.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,539 | -€34,583 | +€12,956 | +27.3% |
| Amounts payable | 17/49 | €87,108 | €83,748 | -€3,361 | -3.9% |
| Amounts payable after more than one year | 17 | €6,096 | - | -€6,096 | |
| Financial debts | 170/4 | €6,096 | - | -€6,096 | |
| Amounts payable within one year | 42/48 | €81,012 | €83,748 | +€2,735 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €7,923 | €6,096 | -€1,826 | -23.1% |
| Trade debts | 44 | €14,409 | €20,209 | +€5,800 | +40.3% |
| Suppliers | 440/4 | €14,409 | €20,209 | +€5,800 | +40.3% |
| Taxes, remuneration and social security | 45 | €13,151 | €21,692 | +€8,541 | +64.9% |
| Taxes | 450/3 | €1,574 | €3,843 | +€2,269 | +144.2% |
| Remuneration and social security | 454/9 | €11,577 | €17,849 | +€6,272 | +54.2% |
| Other amounts payable | 47/48 | €45,530 | €35,751 | -€9,779 | -21.5% |
| Remuneration, social security and pensions | 62 | €56,255 | €79,151 | +€22,895 | +40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,248 | €4,685 | +€437 | +10.3% |
| Other operating charges | 640/8 | €2,954 | €3,673 | +€719 | +24.3% |
| Gross operating margin | 9900 | €63,361 | €103,300 | +€39,939 | +63.0% |
| Operating profit (loss) | 9901 | -€97 | €15,791 | +€15,888 | |
| Financial income | 75/76B | - | €45 | +€45 | |
| Recurring financial income | 75 | - | €45 | +€45 | |
| Non-recurring financial income | 76B | - | €45 | +€45 | |
| Financial charges | 65/66B | €3,006 | €2,880 | -€126 | -4.2% |
| Recurring financial charges | 65 | €3,006 | €2,880 | -€126 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,103 | €12,956 | +€16,059 | |
| Profit (loss) for the period | 9904 | -€3,103 | €12,956 | +€16,059 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,103 | €12,956 | +€16,059 |
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 28 September 2026 via checked.be.