HIMMAN: 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.
What changed
HIMMAN
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€50,427
2024 · €48,956+€1,471
Equity
€631,878
2024 · €603,951+€27,927
Cash
€2,549
2024 · €144+€2,405
Balance sheet total
€696,493
2024 · €753,465-€56,972
Largest movements
Assets
- Receivables within one year -€31,240
down €31,240 (-18.1%), from €172,781 to €141,541
of which Other amounts receivable: -€33,693
- Tangible fixed assets -€28,470
down €28,470 (-4.9%), from €579,566 to €551,096
of which Land and buildings: -€14,573
Equity and liabilities
- Short-term financial debts -€53,801
down €53,801 (-89.4%), from €60,209 to €6,408
- Profit (loss) carried forward +€27,927
up €27,927 (+39.5%), from €70,700 to €98,627
- Debts after one year -€25,457
no longer reported in 2025 (was €25,457)
Income statement
- Financial charges -€2,688
down €2,688 (-35.0%), from €7,671 to €4,983
- Gross operating margin -€1,691
down €1,691 (-1.7%), from €98,465 to €96,774
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.
Result 2024
€48,956
Gross operating margin
-€1,691
Depreciation
+€2
Other operating charges
-€57
Financial income
+€128
Financial charges
+€2,688
Taxes
+€401
Result 2025
€50,427
raises the resultlowers the result
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.
From operations
+€113,657
Investment
-€3,039
Financing
-€108,213
Cash 2024
€144
From operations (derived)
+€113,657
Net result for the year
+€50,427
Depreciation
+€31,433
Receivables within one year
+€31,240
Deferred charges and accrued income
-€257
Trade debts
-€524
Tax, wage and social debts
+€2,021
Accrued charges and deferred income
-€683
Investment (derived)
-€3,039
Investment in fixed assets (net)
-€2,963
Current investments
-€76
Financing
-€108,213
Debts after one year
-€25,457
Current portion of long-term debt
-€6,455
Short-term financial debts
-€53,801
Contributions, distributions and other
-€22,500
Cash 2025
€2,549
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €753,465 | €696,493 | -€56,972 | -7.6% |
| Fixed assets | 21/28 | €579,566 | €551,096 | -€28,470 | -4.9% |
| Tangible fixed assets | 22/27 | €579,566 | €551,096 | -€28,470 | -4.9% |
| Land and buildings | 22 | €551,415 | €536,842 | -€14,573 | -2.6% |
| Furniture and vehicles | 24 | €28,151 | €14,254 | -€13,897 | -49.4% |
| Current assets | 29/58 | €173,899 | €145,397 | -€28,502 | -16.4% |
| Amounts receivable within one year | 40/41 | €172,781 | €141,541 | -€31,240 | -18.1% |
| Trade receivables | 40 | €10,722 | €13,175 | +€2,453 | +22.9% |
| Other amounts receivable | 41 | €162,059 | €128,366 | -€33,693 | -20.8% |
| Current investments | 50/53 | €974 | €1,050 | +€76 | +7.8% |
| Cash at bank and in hand | 54/58 | €144 | €2,549 | +€2,405 | +1,670% |
| Deferred charges and accrued income | 490/1 | - | €257 | +€257 | |
| Total equity and liabilities | 10/49 | €753,465 | €696,493 | -€56,972 | -7.6% |
| Equity | 10/15 | €603,951 | €631,878 | +€27,927 | +4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €514,659 | €514,659 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €506,800 | €506,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,700 | €98,627 | +€27,927 | +39.5% |
| Amounts payable | 17/49 | €149,514 | €64,615 | -€84,899 | -56.8% |
| Amounts payable after more than one year | 17 | €25,457 | - | -€25,457 | |
| Financial debts | 170/4 | €25,457 | - | -€25,457 | |
| Amounts payable within one year | 42/48 | €123,156 | €64,397 | -€58,759 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | €31,912 | €25,457 | -€6,455 | -20.2% |
| Financial debts | 43 | €60,209 | €6,408 | -€53,801 | -89.4% |
| Credit institutions | 430/8 | €60,209 | €6,408 | -€53,801 | -89.4% |
| Trade debts | 44 | €1,480 | €956 | -€524 | -35.4% |
| Suppliers | 440/4 | €1,480 | €956 | -€524 | -35.4% |
| Taxes, remuneration and social security | 45 | €7,055 | €9,076 | +€2,021 | +28.6% |
| Taxes | 450/3 | €7,055 | €9,076 | +€2,021 | +28.6% |
| Other amounts payable | 47/48 | €22,500 | €22,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €901 | €218 | -€683 | -75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,435 | €31,433 | -€2 | 0.0% |
| Other operating charges | 640/8 | €2,605 | €2,662 | +€57 | +2.2% |
| Gross operating margin | 9900 | €98,465 | €96,774 | -€1,691 | -1.7% |
| Operating profit (loss) | 9901 | €64,425 | €62,679 | -€1,746 | -2.7% |
| Financial income | 75/76B | €293 | €421 | +€128 | +43.7% |
| Recurring financial income | 75 | €293 | €421 | +€128 | +43.7% |
| Financial charges | 65/66B | €7,671 | €4,983 | -€2,688 | -35.0% |
| Recurring financial charges | 65 | €7,671 | €4,983 | -€2,688 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €57,047 | €58,117 | +€1,070 | +1.9% |
| Income taxes | 67/77 | €8,091 | €7,690 | -€401 | -5.0% |
| Profit (loss) for the period | 9904 | €48,956 | €50,427 | +€1,471 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,956 | €50,427 | +€1,471 | +3.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.