HIMAR: 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.
HIMAR
Largest movements
- Cash +€8,817
up €8,817 (+525.5%), from €1,678 to €10,494
mainly Net result for the year (+€12,932) and Depreciation (+€8,179)
- Receivables within one year +€5,225
up €5,225 (+8.1%), from €64,680 to €69,905
of which Other amounts receivable: +€8,192
- Tangible fixed assets -€3,396
down €3,396 (-9.1%), from €37,158 to €33,762
of which Furniture and vehicles: -€3,396
- Reserves +€12,932
up €12,932 (+22.5%), from €57,506 to €70,438
- Debts after one year -€6,961
down €6,961 (-33.2%), from €20,996 to €14,035
- Tax, wage and social debts +€4,437
up €4,437 (+34.5%), from €12,843 to €17,279
- Depreciation +€6,200
up €6,200 (+313.3%), from €1,979 to €8,179
- Gross operating margin -€3,558
down €3,558 (-10.5%), from €33,734 to €30,176
- Taxes -€3,252
down €3,252 (-28.0%), from €11,630 to €8,378
- Financial charges +€428
up €428 (+28.1%), from €1,527 to €1,955
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 | €103,516 | €114,161 | +€10,645 | +10.3% |
| Fixed assets | 21/28 | €37,158 | €33,762 | -€3,396 | -9.1% |
| Tangible fixed assets | 22/27 | €37,158 | €33,762 | -€3,396 | -9.1% |
| Furniture and vehicles | 24 | €35,358 | €31,962 | -€3,396 | -9.6% |
| Other tangible fixed assets | 26 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €66,358 | €80,399 | +€14,041 | +21.2% |
| Amounts receivable within one year | 40/41 | €64,680 | €69,905 | +€5,225 | +8.1% |
| Trade receivables | 40 | €14,067 | €11,099 | -€2,968 | -21.1% |
| Other amounts receivable | 41 | €50,613 | €58,806 | +€8,192 | +16.2% |
| Cash at bank and in hand | 54/58 | €1,678 | €10,494 | +€8,817 | +525.5% |
| Total equity and liabilities | 10/49 | €103,516 | €114,161 | +€10,645 | +10.3% |
| Equity | 10/15 | €62,954 | €75,886 | +€12,932 | +20.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €57,506 | €70,438 | +€12,932 | +22.5% |
| Distributable reserves | 133 | €57,506 | €70,438 | +€12,932 | +22.5% |
| Profit (loss) carried forward | 14 | -€13,144 | -€13,144 | = | 0.0% |
| Amounts payable | 17/49 | €40,562 | €38,275 | -€2,287 | -5.6% |
| Amounts payable after more than one year | 17 | €20,996 | €14,035 | -€6,961 | -33.2% |
| Financial debts | 170/4 | €20,996 | €14,035 | -€6,961 | -33.2% |
| Amounts payable within one year | 42/48 | €19,567 | €24,240 | +€4,674 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €6,724 | €6,961 | +€237 | +3.5% |
| Taxes, remuneration and social security | 45 | €12,843 | €17,279 | +€4,437 | +34.5% |
| Taxes | 450/3 | €12,843 | €17,279 | +€4,437 | +34.5% |
| Remuneration, social security and pensions | 62 | €254 | €380 | +€126 | +49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,979 | €8,179 | +€6,200 | +313.3% |
| Other operating charges | 640/8 | €1,008 | €1,316 | +€308 | +30.5% |
| Gross operating margin | 9900 | €33,734 | €30,176 | -€3,558 | -10.5% |
| Operating profit (loss) | 9901 | €30,493 | €20,301 | -€10,192 | -33.4% |
| Financial income | 75/76B | €2,797 | €2,965 | +€168 | +6.0% |
| Recurring financial income | 75 | €2,797 | €2,965 | +€168 | +6.0% |
| Financial charges | 65/66B | €1,527 | €1,955 | +€428 | +28.1% |
| Recurring financial charges | 65 | €1,527 | €1,955 | +€428 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €31,763 | €21,311 | -€10,453 | -32.9% |
| Income taxes | 67/77 | €11,630 | €8,378 | -€3,252 | -28.0% |
| Profit (loss) for the period | 9904 | €20,133 | €12,932 | -€7,201 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,133 | €12,932 | -€7,201 | -35.8% |
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 12 October 2026 via checked.be.