HIMCHULI: 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.
HIMCHULI
Largest movements
- Tangible fixed assets +€336,810
up €336,810 (+858%), from €39,251 to €376,060
of which Land and buildings: +€347,166
- Receivables within one year -€58,466
down €58,466 (-28.6%), from €204,291 to €145,825
of which Other amounts receivable: -€59,189
- Cash -€41,640
down €41,640 (-55.5%), from €75,037 to €33,397
mainly Investment in fixed assets (net) (-€367,730) and Contributions, distributions and other (-€58,407)
- Debts after one year +€247,627
new in 2025: €247,627
- Other debts +€49,623
up €49,623 (+368%), from €13,488 to €63,111
- Reserves -€37,434
down €37,434 (-23.9%), from €156,637 to €119,202
- Profit (loss) carried forward -€19,907
no longer reported in 2025 (was €19,907)
- Gross operating margin -€14,930
down €14,930 (-5.3%), from €280,575 to €265,645
- Staff costs -€12,296
down €12,296 (-5.2%), from €234,214 to €221,918
- Depreciation +€8,564
up €8,564 (+38.3%), from €22,356 to €30,921
- Financial charges +€8,176
up €8,176 (+246%), from €3,318 to €11,494
- Financial income +€7,345
new in 2025: €7,345
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.
Derived cash bridge
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 | €329,393 | €565,177 | +€235,784 | +71.6% |
| Fixed assets | 21/28 | €39,316 | €376,125 | +€336,810 | +857% |
| Tangible fixed assets | 22/27 | €39,251 | €376,060 | +€336,810 | +858% |
| Land and buildings | 22 | - | €347,166 | +€347,166 | |
| Plant, machinery and equipment | 23 | €4,711 | €3,805 | -€906 | -19.2% |
| Furniture and vehicles | 24 | €33,452 | €16,208 | -€17,244 | -51.5% |
| Other tangible fixed assets | 26 | €1,088 | €8,882 | +€7,793 | +716% |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €290,077 | €189,052 | -€101,026 | -34.8% |
| Stocks and contracts in progress | 3 | €10,383 | €7,951 | -€2,432 | -23.4% |
| Stocks | 30/36 | €10,383 | €7,951 | -€2,432 | -23.4% |
| Amounts receivable within one year | 40/41 | €204,291 | €145,825 | -€58,466 | -28.6% |
| Trade receivables | 40 | €9,643 | €10,366 | +€723 | +7.5% |
| Other amounts receivable | 41 | €194,649 | €135,459 | -€59,189 | -30.4% |
| Cash at bank and in hand | 54/58 | €75,037 | €33,397 | -€41,640 | -55.5% |
| Deferred charges and accrued income | 490/1 | €365 | €1,878 | +€1,513 | +414% |
| Total equity and liabilities | 10/49 | €329,393 | €565,177 | +€235,784 | +71.6% |
| Equity | 10/15 | €192,243 | €137,802 | -€54,441 | -28.3% |
| Contributions | 10/11 | €15,700 | €18,600 | +€2,900 | +18.5% |
| Reserves | 13 | €156,637 | €119,202 | -€37,434 | -23.9% |
| Distributable reserves | 133 | €156,637 | €119,202 | -€37,434 | -23.9% |
| Profit (loss) carried forward | 14 | €19,907 | - | -€19,907 | |
| Amounts payable | 17/49 | €137,150 | €427,374 | +€290,225 | +212% |
| Amounts payable after more than one year | 17 | - | €247,627 | +€247,627 | |
| Financial debts | 170/4 | - | €247,627 | +€247,627 | |
| Amounts payable within one year | 42/48 | €137,150 | €179,747 | +€42,597 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €15,348 | €10,461 | -€4,887 | -31.8% |
| Trade debts | 44 | €83,385 | €84,689 | +€1,304 | +1.6% |
| Suppliers | 440/4 | €83,385 | €84,689 | +€1,304 | +1.6% |
| Taxes, remuneration and social security | 45 | €24,929 | €21,487 | -€3,442 | -13.8% |
| Taxes | 450/3 | €9,465 | €8,788 | -€677 | -7.2% |
| Remuneration and social security | 454/9 | €15,464 | €12,699 | -€2,765 | -17.9% |
| Other amounts payable | 47/48 | €13,488 | €63,111 | +€49,623 | +368% |
| Remuneration, social security and pensions | 62 | €234,214 | €221,918 | -€12,296 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,356 | €30,921 | +€8,564 | +38.3% |
| Other operating charges | 640/8 | €3,732 | €2,117 | -€1,615 | -43.3% |
| Gross operating margin | 9900 | €280,575 | €265,645 | -€14,930 | -5.3% |
| Operating profit (loss) | 9901 | €20,273 | €10,689 | -€9,584 | -47.3% |
| Financial income | 75/76B | - | €7,345 | +€7,345 | |
| Recurring financial income | 75 | - | €7,345 | +€7,345 | |
| Financial charges | 65/66B | €3,318 | €11,494 | +€8,176 | +246% |
| Recurring financial charges | 65 | €3,318 | €11,494 | +€8,176 | +246% |
| Profit (loss) for the period before taxes | 9903 | €16,954 | €6,540 | -€10,415 | -61.4% |
| Income taxes | 67/77 | €6,179 | €2,574 | -€3,605 | -58.3% |
| Profit (loss) for the period | 9904 | €10,775 | €3,966 | -€6,810 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,775 | €3,966 | -€6,810 | -63.2% |
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 13 October 2026 via checked.be.