HIMSCHOOT: 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.
HIMSCHOOT
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Cash -€356,930
down €356,930 (-74.4%), from €480,047 to €123,116
mainly Net result for the year (-€640,023) and Current investments (-€500,000)
- Tangible fixed assets -€238,335
down €238,335 (-24.6%), from €970,642 to €732,307
of which Other tangible fixed assets: -€169,616
- Formation expenses +€153,827
up €153,827, from €0 to €153,827
- Receivables within one year -€126,003
down €126,003 (-43.1%), from €292,091 to €166,088
of which Trade receivables: -€79,790
- Profit (loss) carried forward -€640,023
new in 2025: -€640,023
- Contributions +€500,000
up €500,000 (+806%), from €62,000 to €562,000
- Trade debts +€196,870
up €196,870 (+100%), from €196,159 to €393,029
- Debts after one year -€155,843
down €155,843 (-14.8%), from €1.0m to €894,003
- Current portion of long-term debt -€21,739
down €21,739 (-13.3%), from €163,102 to €141,363
- Gross operating margin -€923,269
down €923,269 (-78.8%), from €1.2m to €248,694
- Staff costs -€236,965
down €236,965 (-24.5%), from €968,154 to €731,189
- Depreciation +€174,653
up €174,653 (+111%), from €157,389 to €332,042
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 | €1,936,484 | €1,796,197 | -€140,287 | -7.2% |
| Formation expenses | 20 | €0 | €153,827 | +€153,827 | |
| Fixed assets | 21/28 | €1,063,546 | €809,960 | -€253,585 | -23.8% |
| Intangible fixed assets | 21 | €92,903 | €77,653 | -€15,250 | -16.4% |
| Tangible fixed assets | 22/27 | €970,642 | €732,307 | -€238,335 | -24.6% |
| Plant, machinery and equipment | 23 | €24,071 | €15,182 | -€8,889 | -36.9% |
| Furniture and vehicles | 24 | €12,621 | €7,327 | -€5,294 | -41.9% |
| Leasing and similar rights | 25 | €153,511 | €98,975 | -€54,536 | -35.5% |
| Other tangible fixed assets | 26 | €780,439 | €610,823 | -€169,616 | -21.7% |
| Current assets | 29/58 | €872,939 | €832,410 | -€40,529 | -4.6% |
| Stocks and contracts in progress | 3 | €66,907 | €29,841 | -€37,067 | -55.4% |
| Stocks | 30/36 | €66,907 | €29,841 | -€37,067 | -55.4% |
| Amounts receivable within one year | 40/41 | €292,091 | €166,088 | -€126,003 | -43.1% |
| Trade receivables | 40 | €232,136 | €152,346 | -€79,790 | -34.4% |
| Other amounts receivable | 41 | €59,955 | €13,742 | -€46,213 | -77.1% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €480,047 | €123,116 | -€356,930 | -74.4% |
| Deferred charges and accrued income | 490/1 | €33,894 | €13,365 | -€20,529 | -60.6% |
| Total equity and liabilities | 10/49 | €1,936,484 | €1,796,197 | -€140,287 | -7.2% |
| Equity | 10/15 | €338,599 | €198,576 | -€140,023 | -41.4% |
| Contributions | 10/11 | €62,000 | €562,000 | +€500,000 | +806% |
| Capital | 10 | €62,000 | €562,000 | +€500,000 | +806% |
| Issued capital | 100 | €62,000 | €562,000 | +€500,000 | +806% |
| Reserves | 13 | €276,599 | €276,599 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €270,399 | €270,399 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€640,023 | -€640,023 | |
| Amounts payable | 17/49 | €1,597,885 | €1,597,621 | -€264 | 0.0% |
| Amounts payable after more than one year | 17 | €1,049,846 | €894,003 | -€155,843 | -14.8% |
| Financial debts | 170/4 | €1,049,846 | €894,003 | -€155,843 | -14.8% |
| Amounts payable within one year | 42/48 | €542,791 | €697,672 | +€154,881 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €163,102 | €141,363 | -€21,739 | -13.3% |
| Financial debts | 43 | €41,798 | €35,161 | -€6,637 | -15.9% |
| Credit institutions | 430/8 | €41,798 | €35,161 | -€6,637 | -15.9% |
| Trade debts | 44 | €196,159 | €393,029 | +€196,870 | +100% |
| Suppliers | 440/4 | €196,159 | €393,029 | +€196,870 | +100% |
| Taxes, remuneration and social security | 45 | €126,733 | €109,523 | -€17,210 | -13.6% |
| Taxes | 450/3 | €26,238 | €400 | -€25,838 | -98.5% |
| Remuneration and social security | 454/9 | €100,495 | €109,124 | +€8,629 | +8.6% |
| Other amounts payable | 47/48 | €15,000 | €18,596 | +€3,596 | +24.0% |
| Accrued charges and deferred income | 492/3 | €5,248 | €5,946 | +€698 | +13.3% |
| Non-recurring operating income | 76A | €43,002 | €0 | -€43,002 | -100% |
| Remuneration, social security and pensions | 62 | €968,154 | €731,189 | -€236,965 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,389 | €332,042 | +€174,653 | +111% |
| Other operating charges | 640/8 | €5,492 | €15,449 | +€9,957 | +181% |
| Operating charges capitalised as restructuring costs | 649 | - | -€226,435 | -€226,435 | |
| Non-recurring operating charges | 66A | €87 | €0 | -€87 | -100% |
| Gross operating margin | 9900 | €1,171,963 | €248,694 | -€923,269 | -78.8% |
| Operating profit (loss) | 9901 | €40,842 | -€603,551 | -€644,393 | |
| Financial income | 75/76B | €276 | €134 | -€142 | -51.4% |
| Recurring financial income | 75 | €276 | €134 | -€142 | -51.4% |
| Financial charges | 65/66B | €30,288 | €36,207 | +€5,919 | +19.5% |
| Recurring financial charges | 65 | €30,288 | €36,207 | +€5,919 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €10,830 | -€639,623 | -€650,453 | |
| Income taxes | 67/77 | €9,956 | €400 | -€9,556 | -96.0% |
| Profit (loss) for the period | 9904 | €874 | -€640,023 | -€640,897 | |
| Profit (loss) for the period to be appropriated | 9905 | €874 | -€640,023 | -€640,897 |
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 14 October 2026 via checked.be.