HIMBRECHT: 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.
HIMBRECHT
Largest movements
- Cash -€86,880
down €86,880 (-28.8%), from €301,815 to €214,935
mainly Investment in fixed assets (net) (-€50,670) and Trade debts (-€24,447)
- Tangible fixed assets +€24,408
up €24,408 (+14.8%), from €165,307 to €189,715
of which Furniture and vehicles: +€30,925
- Receivables within one year +€15,534
up €15,534 (+41.4%), from €37,525 to €53,060
of which Other amounts receivable: +€7,953
- Trade debts -€24,447
down €24,447 (-73.9%), from €33,067 to €8,620
- Current portion of long-term debt -€9,338
down €9,338 (-71.7%), from €13,031 to €3,693
- Gross operating margin -€105,277
down €105,277 (-62.1%), from €169,513 to €64,236
- Taxes -€27,017
down €27,017 (-100.0%), from €27,017 to €0
- Depreciation -€12,830
down €12,830 (-32.8%), from €39,092 to €26,262
- Staff costs -€8,794
down €8,794 (-18.8%), from €46,774 to €37,980
- Other operating charges +€7,105
up €7,105 (+548.2%), from €1,296 to €8,401
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 | €541,648 | €495,566 | -€46,082 | -8.5% |
| Fixed assets | 21/28 | €165,307 | €189,715 | +€24,408 | +14.8% |
| Tangible fixed assets | 22/27 | €165,307 | €189,715 | +€24,408 | +14.8% |
| Land and buildings | 22 | €36,973 | €34,478 | -€2,495 | -6.7% |
| Plant, machinery and equipment | 23 | €13,553 | €9,531 | -€4,021 | -29.7% |
| Furniture and vehicles | 24 | €114,781 | €145,706 | +€30,925 | +26.9% |
| Current assets | 29/58 | €376,341 | €305,851 | -€70,490 | -18.7% |
| Stocks and contracts in progress | 3 | €945 | €920 | -€25 | -2.6% |
| Stocks | 30/36 | €945 | €920 | -€25 | -2.6% |
| Amounts receivable within one year | 40/41 | €37,525 | €53,060 | +€15,534 | +41.4% |
| Trade receivables | 40 | €4,257 | €11,839 | +€7,582 | +178.1% |
| Other amounts receivable | 41 | €33,268 | €41,221 | +€7,953 | +23.9% |
| Cash at bank and in hand | 54/58 | €301,815 | €214,935 | -€86,880 | -28.8% |
| Deferred charges and accrued income | 490/1 | €36,056 | €36,936 | +€881 | +2.4% |
| Total equity and liabilities | 10/49 | €541,648 | €495,566 | -€46,082 | -8.5% |
| Equity | 10/15 | €455,227 | €450,990 | -€4,237 | -0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €449,027 | €444,790 | -€4,237 | -0.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,423 | €24,423 | = | 0.0% |
| Distributable reserves | 133 | €422,744 | €418,507 | -€4,237 | -1.0% |
| Amounts payable | 17/49 | €86,421 | €44,576 | -€41,845 | -48.4% |
| Amounts payable after more than one year | 17 | €9,146 | €5,453 | -€3,693 | -40.4% |
| Financial debts | 170/4 | €9,146 | €5,453 | -€3,693 | -40.4% |
| Amounts payable within one year | 42/48 | €73,281 | €39,123 | -€34,158 | -46.6% |
| Current portion of amounts payable after more than one year | 42 | €13,031 | €3,693 | -€9,338 | -71.7% |
| Trade debts | 44 | €33,067 | €8,620 | -€24,447 | -73.9% |
| Suppliers | 440/4 | €33,067 | €8,620 | -€24,447 | -73.9% |
| Taxes, remuneration and social security | 45 | €27,183 | €26,810 | -€373 | -1.4% |
| Taxes | 450/3 | €27,183 | €26,810 | -€373 | -1.4% |
| Accrued charges and deferred income | 492/3 | €3,994 | €0 | -€3,994 | -100.0% |
| Non-recurring operating income | 76A | €0 | €3,672 | +€3,672 | +36720700.0% |
| Remuneration, social security and pensions | 62 | €46,774 | €37,980 | -€8,794 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,092 | €26,262 | -€12,830 | -32.8% |
| Other operating charges | 640/8 | €1,296 | €8,401 | +€7,105 | +548.2% |
| Non-recurring operating charges | 66A | €3 | €0 | -€3 | -100.0% |
| Gross operating margin | 9900 | €169,513 | €64,236 | -€105,277 | -62.1% |
| Operating profit (loss) | 9901 | €82,347 | -€8,407 | -€90,754 | |
| Financial income | 75/76B | €2,410 | €4,947 | +€2,538 | +105.3% |
| Recurring financial income | 75 | €2,410 | €4,947 | +€2,538 | +105.3% |
| Financial charges | 65/66B | €878 | €777 | -€101 | -11.5% |
| Recurring financial charges | 65 | €878 | €777 | -€101 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €83,879 | -€4,237 | -€88,116 | |
| Income taxes | 67/77 | €27,017 | €0 | -€27,017 | -100.0% |
| Profit (loss) for the period | 9904 | €56,862 | -€4,237 | -€61,099 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,862 | -€4,237 | -€61,099 |
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 29 September 2026 via checked.be.