HINODEYA: 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.
HINODEYA
Largest movements
- Receivables within one year +€19,723
up €19,723 (+7251.1%), from €272 to €19,995
- Cash +€7,657
up €7,657 (+4.5%), from €170,348 to €178,005
mainly Net result for the year (+€29,194) and Depreciation (+€1,387)
- Profit (loss) carried forward +€29,194
up €29,194 (+17.1%), from €170,313 to €199,507
- Staff costs +€8,368
up €8,368 (+77.3%), from €10,830 to €19,198
- Gross operating margin +€7,506
up €7,506 (+12.4%), from €60,329 to €67,835
- Taxes +€4,722
up €4,722 (+42.4%), from €11,140 to €15,862
- Other operating charges -€1,124
down €1,124 (-46.3%), from €2,430 to €1,306
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 | €194,243 | €221,705 | +€27,462 | +14.1% |
| Fixed assets | 21/28 | €14,222 | €12,835 | -€1,387 | -9.8% |
| Tangible fixed assets | 22/27 | €6,371 | €4,984 | -€1,387 | -21.8% |
| Plant, machinery and equipment | 23 | €5,737 | €4,667 | -€1,070 | -18.7% |
| Furniture and vehicles | 24 | €634 | €317 | -€317 | -50.0% |
| Financial fixed assets | 28 | €7,851 | €7,851 | = | 0.0% |
| Current assets | 29/58 | €180,021 | €208,870 | +€28,849 | +16.0% |
| Stocks and contracts in progress | 3 | €957 | €957 | = | 0.0% |
| Stocks | 30/36 | €957 | €957 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €272 | €19,995 | +€19,723 | +7251.1% |
| Other amounts receivable | 41 | €272 | €19,995 | +€19,723 | +7251.1% |
| Cash at bank and in hand | 54/58 | €170,348 | €178,005 | +€7,657 | +4.5% |
| Deferred charges and accrued income | 490/1 | €8,444 | €9,913 | +€1,469 | +17.4% |
| Total equity and liabilities | 10/49 | €194,243 | €221,705 | +€27,462 | +14.1% |
| Equity | 10/15 | €190,773 | €219,967 | +€29,194 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,313 | €199,507 | +€29,194 | +17.1% |
| Amounts payable | 17/49 | €3,470 | €1,738 | -€1,732 | -49.9% |
| Amounts payable within one year | 42/48 | €3,470 | €1,738 | -€1,732 | -49.9% |
| Trade debts | 44 | €3,470 | €1,738 | -€1,732 | -49.9% |
| Suppliers | 440/4 | €3,470 | €1,738 | -€1,732 | -49.9% |
| Remuneration, social security and pensions | 62 | €10,830 | €19,198 | +€8,368 | +77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,947 | €1,387 | -€560 | -28.8% |
| Other operating charges | 640/8 | €2,430 | €1,306 | -€1,124 | -46.3% |
| Gross operating margin | 9900 | €60,329 | €67,835 | +€7,506 | +12.4% |
| Operating profit (loss) | 9901 | €45,122 | €45,944 | +€822 | +1.8% |
| Financial charges | 65/66B | €866 | €888 | +€22 | +2.5% |
| Recurring financial charges | 65 | €866 | €888 | +€22 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €44,256 | €45,056 | +€800 | +1.8% |
| Income taxes | 67/77 | €11,140 | €15,862 | +€4,722 | +42.4% |
| Profit (loss) for the period | 9904 | €33,116 | €29,194 | -€3,922 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,116 | €29,194 | -€3,922 | -11.8% |
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 6 October 2026 via checked.be.