HINOA: 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
HINOA
NACE 46.493, Wholesale trade
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€81,809
2023 · -€111,899+€193,708
Equity
€243,232
2023 · €161,423+€81,809
Cash
€18,482
2023 · €20,801-€2,319
Balance sheet total
€528,544
2023 · €330,472+€198,072
Largest movements
Assets
- Receivables within one year +€172,602
up €172,602 (+64.6%), from €266,998 to €439,600
of which Trade receivables: +€139,332
- Stocks and contracts +€24,000
up €24,000 (+282%), from €8,500 to €32,500
Equity and liabilities
- Trade debts +€106,410
up €106,410 (+101%), from €105,356 to €211,765
- Profit (loss) carried forward +€81,809
up €81,809 (+76.4%), from -€107,037 to -€25,228
Income statement
- Gross operating margin +€190,113
up €190,113, from -€61,665 to €128,447
- Depreciation -€38,268
down €38,268 (-71.5%), from €53,492 to €15,224
- Write-downs +€20,000
no longer reported in 2024 (was -€20,000)
- Other operating charges +€16,272
up €16,272 (+163%), from €9,964 to €26,236
From the 2023 result to the 2024 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 2023
-€111,899
Gross operating margin
+€190,113
Depreciation
+€38,268
Write-downs
-€20,000
Other operating charges
-€16,272
Other operating items
+€1,524
Financial income
+€212
Financial charges
+€712
Taxes
-€849
Result 2024
€81,809
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€9,026
Investment
-€18,261
Financing
+€6,917
Cash 2023
€20,801
From operations (derived)
+€9,026
Net result for the year
+€81,809
Depreciation
+€15,224
Stocks and contracts
-€24,000
Receivables within one year
-€172,602
Deferred charges and accrued income
-€752
Trade debts
+€106,410
Tax, wage and social debts
+€2,937
Investment (derived)
-€18,261
Investment in fixed assets (net)
-€18,261
Financing
+€6,917
Debts after one year
-€512
Current portion of long-term debt
+€2,346
Short-term financial debts
+€5,083
Cash 2024
€18,482
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €330,472 | €528,544 | +€198,072 | +59.9% |
| Fixed assets | 21/28 | €32,990 | €36,027 | +€3,037 | +9.2% |
| Tangible fixed assets | 22/27 | €32,990 | €36,027 | +€3,037 | +9.2% |
| Plant, machinery and equipment | 23 | €17,277 | €9,795 | -€7,482 | -43.3% |
| Furniture and vehicles | 24 | €15,713 | €26,232 | +€10,520 | +67.0% |
| Current assets | 29/58 | €297,482 | €492,517 | +€195,035 | +65.6% |
| Stocks and contracts in progress | 3 | €8,500 | €32,500 | +€24,000 | +282% |
| Stocks | 30/36 | €8,500 | €32,500 | +€24,000 | +282% |
| Amounts receivable within one year | 40/41 | €266,998 | €439,600 | +€172,602 | +64.6% |
| Trade receivables | 40 | €25,508 | €164,840 | +€139,332 | +546% |
| Other amounts receivable | 41 | €241,491 | €274,761 | +€33,270 | +13.8% |
| Cash at bank and in hand | 54/58 | €20,801 | €18,482 | -€2,319 | -11.1% |
| Deferred charges and accrued income | 490/1 | €1,182 | €1,934 | +€752 | +63.6% |
| Total equity and liabilities | 10/49 | €330,472 | €528,544 | +€198,072 | +59.9% |
| Equity | 10/15 | €161,423 | €243,232 | +€81,809 | +50.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €249,860 | €249,860 | = | 0.0% |
| Distributable reserves | 133 | €249,860 | €249,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,037 | -€25,228 | +€81,809 | +76.4% |
| Amounts payable | 17/49 | €169,048 | €285,312 | +€116,263 | +68.8% |
| Amounts payable after more than one year | 17 | €12,358 | €11,846 | -€512 | -4.1% |
| Financial debts | 170/4 | - | €10,537 | +€10,537 | |
| Trade debts | 175 | €5,877 | - | -€5,877 | |
| Advances received on contracts in progress | 176 | €6,480 | €1,309 | -€5,172 | -79.8% |
| Amounts payable within one year | 42/48 | €156,690 | €273,466 | +€116,776 | +74.5% |
| Current portion of amounts payable after more than one year | 42 | €16,606 | €18,952 | +€2,346 | +14.1% |
| Financial debts | 43 | €3,088 | €8,171 | +€5,083 | +165% |
| Credit institutions | 430/8 | €3,088 | €8,171 | +€5,083 | +165% |
| Trade debts | 44 | €105,356 | €211,765 | +€106,410 | +101% |
| Suppliers | 440/4 | €105,356 | €211,765 | +€106,410 | +101% |
| Taxes, remuneration and social security | 45 | €31,642 | €34,579 | +€2,937 | +9.3% |
| Taxes | 450/3 | €31,642 | €34,579 | +€2,937 | +9.3% |
| Non-recurring operating income | 76A | - | €1,989 | +€1,989 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,492 | €15,224 | -€38,268 | -71.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€20,000 | - | +€20,000 | |
| Other operating charges | 640/8 | €9,964 | €26,236 | +€16,272 | +163% |
| Non-recurring operating charges | 66A | €1,524 | - | -€1,524 | |
| Gross operating margin | 9900 | -€61,665 | €128,447 | +€190,113 | |
| Operating profit (loss) | 9901 | -€106,645 | €86,987 | +€193,633 | |
| Financial income | 75/76B | €15 | €227 | +€212 | +1,433% |
| Recurring financial income | 75 | €15 | €227 | +€212 | +1,433% |
| Financial charges | 65/66B | €4,220 | €3,508 | -€712 | -16.9% |
| Recurring financial charges | 65 | €4,220 | €3,508 | -€712 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | -€110,851 | €83,706 | +€194,557 | |
| Income taxes | 67/77 | €1,048 | €1,897 | +€849 | +81.0% |
| Profit (loss) for the period | 9904 | -€111,899 | €81,809 | +€193,708 | |
| Profit (loss) for the period to be appropriated | 9905 | -€111,899 | €81,809 | +€193,708 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.