HINGIPHAR: 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.
HINGIPHAR
Largest movements
- Stocks and contracts -€55,192
down €55,192 (-22.2%), from €248,383 to €193,191
- Cash +€17,973
up €17,973 (+2.0%), from €886,580 to €904,554
mainly Net result for the year (+€68,949) and Stocks and contracts (+€55,192)
- Receivables within one year +€14,376
up €14,376 (+23.6%), from €60,939 to €75,315
of which Other amounts receivable: +€7,509
- Reserves -€80,548
down €80,548 (-8.1%), from €988,488 to €907,940
of which Distributable reserves: -€80,548
- Other debts +€41,819
up €41,819 (+29.4%), from €142,127 to €183,946
- Trade debts +€30,954
up €30,954 (+218%), from €14,168 to €45,122
- Tax, wage and social debts -€15,600
down €15,600 (-88.4%), from €17,649 to €2,049
- Gross operating margin -€63,539
down €63,539 (-35.4%), from €179,593 to €116,054
- Taxes -€21,395
down €21,395 (-39.5%), from €54,157 to €32,762
- Financial charges +€3,640
up €3,640 (+79.0%), from €4,609 to €8,249
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 | €1,225,850 | €1,202,498 | -€23,352 | -1.9% |
| Fixed assets | 21/28 | €22,840 | €22,330 | -€510 | -2.2% |
| Tangible fixed assets | 22/27 | €22,840 | €22,330 | -€510 | -2.2% |
| Plant, machinery and equipment | 23 | €16,729 | €18,038 | +€1,309 | +7.8% |
| Furniture and vehicles | 24 | €6,111 | €4,292 | -€1,819 | -29.8% |
| Current assets | 29/58 | €1,203,010 | €1,180,167 | -€22,842 | -1.9% |
| Stocks and contracts in progress | 3 | €248,383 | €193,191 | -€55,192 | -22.2% |
| Stocks | 30/36 | €248,383 | €193,191 | -€55,192 | -22.2% |
| Amounts receivable within one year | 40/41 | €60,939 | €75,315 | +€14,376 | +23.6% |
| Trade receivables | 40 | €60,894 | €67,761 | +€6,867 | +11.3% |
| Other amounts receivable | 41 | €45 | €7,554 | +€7,509 | +16,693% |
| Cash at bank and in hand | 54/58 | €886,580 | €904,554 | +€17,973 | +2.0% |
| Deferred charges and accrued income | 490/1 | €7,107 | €7,107 | +€1 | 0.0% |
| Total equity and liabilities | 10/49 | €1,225,850 | €1,202,498 | -€23,352 | -1.9% |
| Equity | 10/15 | €1,050,461 | €969,913 | -€80,548 | -7.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €988,488 | €907,940 | -€80,548 | -8.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €982,290 | €901,742 | -€80,548 | -8.2% |
| Amounts payable | 17/49 | €175,389 | €232,585 | +€57,196 | +32.6% |
| Amounts payable within one year | 42/48 | €173,945 | €231,118 | +€57,173 | +32.9% |
| Trade debts | 44 | €14,168 | €45,122 | +€30,954 | +218% |
| Suppliers | 440/4 | €14,168 | €45,122 | +€30,954 | +218% |
| Taxes, remuneration and social security | 45 | €17,649 | €2,049 | -€15,600 | -88.4% |
| Taxes | 450/3 | €17,649 | €2,049 | -€15,600 | -88.4% |
| Other amounts payable | 47/48 | €142,127 | €183,946 | +€41,819 | +29.4% |
| Accrued charges and deferred income | 492/3 | €1,444 | €1,467 | +€23 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,720 | €3,901 | +€181 | +4.9% |
| Other operating charges | 640/8 | €1,153 | €2,200 | +€1,047 | +90.8% |
| Gross operating margin | 9900 | €179,593 | €116,054 | -€63,539 | -35.4% |
| Operating profit (loss) | 9901 | €174,720 | €109,953 | -€64,767 | -37.1% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €4,609 | €8,249 | +€3,640 | +79.0% |
| Recurring financial charges | 65 | €4,609 | €8,249 | +€3,640 | +79.0% |
| Profit (loss) for the period before taxes | 9903 | €170,111 | €101,710 | -€68,401 | -40.2% |
| Income taxes | 67/77 | €54,157 | €32,762 | -€21,395 | -39.5% |
| Profit (loss) for the period | 9904 | €115,954 | €68,949 | -€47,006 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €115,954 | €68,949 | -€47,006 | -40.5% |
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 17 October 2026 via checked.be.