HIMATRA: 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.
HIMATRA
Largest movements
- Tangible fixed assets +€311,102
up €311,102 (+38.8%), from €801,844 to €1.1m
of which Land and buildings: +€252,660
- Cash -€113,736
down €113,736 (-52.3%), from €217,401 to €103,665
mainly Investment in fixed assets (net) (-€367,133) and Contributions, distributions and other (-€66,210)
- Receivables within one year -€16,135
down €16,135 (-25.9%), from €62,361 to €46,226
of which Other amounts receivable: -€16,886
- Receivables after one year -€15,803
down €15,803 (-16.7%), from €94,835 to €79,033
- Other debts +€90,024
up €90,024 (+28.9%), from €311,994 to €402,018
- Debts after one year +€72,287
up €72,287 (+74.0%), from €97,685 to €169,972
- Trade debts +€15,664
up €15,664 (+500.4%), from €3,130 to €18,795
- Reserves -€13,766
down €13,766 (-1.9%), from €726,095 to €712,328
- Other operating charges +€34,404
up €34,404 (+758.4%), from €4,536 to €38,940
- Gross operating margin -€13,186
down €13,186 (-6.2%), from €213,912 to €200,726
- Financial charges +€7,445
up €7,445 (+34.1%), from €21,828 to €29,273
- Taxes -€6,351
down €6,351 (-19.3%), from €32,984 to €26,634
- Depreciation +€5,861
up €5,861 (+11.7%), from €50,171 to €56,032
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 | €1,179,499 | €1,344,826 | +€165,327 | +14.0% |
| Fixed assets | 21/28 | €801,874 | €1,112,975 | +€311,102 | +38.8% |
| Tangible fixed assets | 22/27 | €801,844 | €1,112,945 | +€311,102 | +38.8% |
| Land and buildings | 22 | €787,070 | €1,039,730 | +€252,660 | +32.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €14,773 | €73,215 | +€58,442 | +395.6% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €377,626 | €231,851 | -€145,775 | -38.6% |
| Amounts receivable after more than one year | 29 | €94,835 | €79,033 | -€15,803 | -16.7% |
| Other amounts receivable | 291 | €94,835 | €79,033 | -€15,803 | -16.7% |
| Amounts receivable within one year | 40/41 | €62,361 | €46,226 | -€16,135 | -25.9% |
| Trade receivables | 40 | €38,975 | €39,726 | +€751 | +1.9% |
| Other amounts receivable | 41 | €23,386 | €6,500 | -€16,886 | -72.2% |
| Cash at bank and in hand | 54/58 | €217,401 | €103,665 | -€113,736 | -52.3% |
| Deferred charges and accrued income | 490/1 | €3,028 | €2,927 | -€101 | -3.3% |
| Total equity and liabilities | 10/49 | €1,179,499 | €1,344,826 | +€165,327 | +14.0% |
| Equity | 10/15 | €738,495 | €724,728 | -€13,766 | -1.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €726,095 | €712,328 | -€13,766 | -1.9% |
| Distributable reserves | 133 | €726,095 | €712,328 | -€13,766 | -1.9% |
| Amounts payable | 17/49 | €441,005 | €620,098 | +€179,093 | +40.6% |
| Amounts payable after more than one year | 17 | €97,685 | €169,972 | +€72,287 | +74.0% |
| Financial debts | 170/4 | €97,685 | €169,972 | +€72,287 | +74.0% |
| Amounts payable within one year | 42/48 | €343,320 | €450,126 | +€106,806 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €13,013 | €21,935 | +€8,922 | +68.6% |
| Trade debts | 44 | €3,130 | €18,795 | +€15,664 | +500.4% |
| Suppliers | 440/4 | €3,130 | €18,795 | +€15,664 | +500.4% |
| Taxes, remuneration and social security | 45 | €15,182 | €7,378 | -€7,804 | -51.4% |
| Taxes | 450/3 | €12,009 | €7,378 | -€4,631 | -38.6% |
| Remuneration and social security | 454/9 | €3,173 | - | -€3,173 | |
| Other amounts payable | 47/48 | €311,994 | €402,018 | +€90,024 | +28.9% |
| Non-recurring operating income | 76A | - | €11,500 | +€11,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,171 | €56,032 | +€5,861 | +11.7% |
| Other operating charges | 640/8 | €4,536 | €38,940 | +€34,404 | +758.4% |
| Non-recurring operating charges | 66A | €30,851 | - | -€30,851 | |
| Gross operating margin | 9900 | €213,912 | €200,726 | -€13,186 | -6.2% |
| Operating profit (loss) | 9901 | €128,354 | €105,755 | -€22,599 | -17.6% |
| Financial income | 75/76B | €2,250 | €2,596 | +€347 | +15.4% |
| Recurring financial income | 75 | €2,250 | €2,596 | +€347 | +15.4% |
| Financial charges | 65/66B | €21,828 | €29,273 | +€7,445 | +34.1% |
| Recurring financial charges | 65 | €21,828 | €29,273 | +€7,445 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €108,775 | €79,078 | -€29,698 | -27.3% |
| Income taxes | 67/77 | €32,984 | €26,634 | -€6,351 | -19.3% |
| Profit (loss) for the period | 9904 | €75,791 | €52,444 | -€23,347 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,791 | €52,444 | -€23,347 | -30.8% |
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 7 October 2026 via checked.be.