HINDERSTEIN: 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.
HINDERSTEIN
Largest movements
- Cash +€17,292
up €17,292 (+1.5%), from €1.1m to €1.2m
mainly Other debts (+€57,000) and Net result for the year (+€22,351)
- Reserves -€60,000
down €60,000 (-48.2%), from €124,400 to €64,400
of which Distributable reserves: -€60,000
- Other debts +€57,000
new in 2025: €57,000
- Profit (loss) carried forward +€22,351
up €22,351 (+4.0%), from €564,800 to €587,150
- Financial income -€877,403
down €877,403 (-96.5%), from €909,397 to €31,994
of which Non-recurring financial income: -€903,913
- Taxes +€6,095
new in 2025: €6,095
- Gross operating margin +€1,597
up €1,597 (+39.2%), from -€4,075 to -€2,478
- Other operating charges -€1,008
down €1,008 (-50.9%), from €1,980 to €971
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 | €1,191,843 | €1,210,050 | +€18,207 | +1.5% |
| Fixed assets | 21/28 | €43,667 | €43,667 | = | 0.0% |
| Financial fixed assets | 28 | €43,667 | €43,667 | = | 0.0% |
| Current assets | 29/58 | €1,148,176 | €1,166,384 | +€18,207 | +1.6% |
| Amounts receivable within one year | 40/41 | €785 | €1,700 | +€915 | +116.6% |
| Other amounts receivable | 41 | €785 | €1,700 | +€915 | +116.6% |
| Cash at bank and in hand | 54/58 | €1,147,392 | €1,164,684 | +€17,292 | +1.5% |
| Total equity and liabilities | 10/49 | €1,191,843 | €1,210,050 | +€18,207 | +1.5% |
| Equity | 10/15 | €1,189,200 | €1,151,550 | -€37,649 | -3.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €124,400 | €64,400 | -€60,000 | -48.2% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €74,400 | €14,400 | -€60,000 | -80.6% |
| Profit (loss) carried forward | 14 | €564,800 | €587,150 | +€22,351 | +4.0% |
| Amounts payable | 17/49 | €2,644 | €58,500 | +€55,856 | +2112.7% |
| Amounts payable within one year | 42/48 | €1,144 | €57,000 | +€55,856 | +4883.3% |
| Trade debts | 44 | €1,144 | - | -€1,144 | |
| Suppliers | 440/4 | €1,144 | - | -€1,144 | |
| Other amounts payable | 47/48 | - | €57,000 | +€57,000 | |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Other operating charges | 640/8 | €1,980 | €971 | -€1,008 | -50.9% |
| Gross operating margin | 9900 | -€4,075 | -€2,478 | +€1,597 | +39.2% |
| Operating profit (loss) | 9901 | -€6,055 | -€3,450 | +€2,606 | +43.0% |
| Financial income | 75/76B | €909,397 | €31,994 | -€877,403 | -96.5% |
| Recurring financial income | 75 | €5,484 | €31,994 | +€26,509 | +483.4% |
| Non-recurring financial income | 76B | €903,913 | - | -€903,913 | |
| Financial charges | 65/66B | €74 | €98 | +€24 | +32.7% |
| Recurring financial charges | 65 | €74 | €98 | +€24 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €903,268 | €28,446 | -€874,822 | -96.9% |
| Income taxes | 67/77 | - | €6,095 | +€6,095 | |
| Profit (loss) for the period | 9904 | €903,268 | €22,351 | -€880,917 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €903,268 | €22,351 | -€880,917 | -97.5% |
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 1 October 2026 via checked.be.