HINSAPHAE: 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.
HINSAPHAE
Largest movements
- Tangible fixed assets -€21,172
down €21,172 (-4.5%), from €471,020 to €449,848
- Debts after one year -€25,000
down €25,000 (-11.8%), from €211,378 to €186,378
- Gross operating margin +€1,820
up €1,820 (+7.3%), from €25,001 to €26,821
- Taxes +€408
up €408 (+663.8%), from €62 to €470
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 | €482,072 | €459,791 | -€22,282 | -4.6% |
| Fixed assets | 21/28 | €471,020 | €449,848 | -€21,172 | -4.5% |
| Tangible fixed assets | 22/27 | €471,020 | €449,848 | -€21,172 | -4.5% |
| Land and buildings | 22 | €471,020 | €449,848 | -€21,172 | -4.5% |
| Current assets | 29/58 | €11,052 | €9,943 | -€1,109 | -10.0% |
| Amounts receivable after more than one year | 29 | €1,618 | - | -€1,618 | |
| Other amounts receivable | 291 | €1,618 | - | -€1,618 | |
| Amounts receivable within one year | 40/41 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Trade receivables | 40 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €7,434 | €8,943 | +€1,509 | +20.3% |
| Total equity and liabilities | 10/49 | €482,072 | €459,791 | -€22,282 | -4.6% |
| Equity | 10/15 | €266,266 | €267,557 | +€1,291 | +0.5% |
| Contributions | 10/11 | €6,220 | €6,220 | = | 0.0% |
| Reserves | 13 | €260,046 | €261,337 | +€1,291 | +0.5% |
| Distributable reserves | 133 | €260,046 | €261,337 | +€1,291 | +0.5% |
| Amounts payable | 17/49 | €215,806 | €192,234 | -€23,573 | -10.9% |
| Amounts payable after more than one year | 17 | €211,378 | €186,378 | -€25,000 | -11.8% |
| Other amounts payable | 178/9 | €211,378 | €186,378 | -€25,000 | -11.8% |
| Amounts payable within one year | 42/48 | €4,322 | €5,834 | +€1,512 | +35.0% |
| Trade debts | 44 | €4,260 | €4,942 | +€682 | +16.0% |
| Suppliers | 440/4 | €4,260 | €4,942 | +€682 | +16.0% |
| Taxes, remuneration and social security | 45 | €62 | €892 | +€831 | +1349.9% |
| Taxes | 450/3 | €62 | €892 | +€831 | +1349.9% |
| Accrued charges and deferred income | 492/3 | €107 | €21 | -€85 | -79.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,172 | €21,172 | = | 0.0% |
| Other operating charges | 640/8 | €3,522 | €3,632 | +€109 | +3.1% |
| Gross operating margin | 9900 | €25,001 | €26,821 | +€1,820 | +7.3% |
| Operating profit (loss) | 9901 | €306 | €2,016 | +€1,710 | +558.8% |
| Financial charges | 65/66B | €80 | €255 | +€175 | +218.0% |
| Recurring financial charges | 65 | €80 | €255 | +€175 | +218.0% |
| Profit (loss) for the period before taxes | 9903 | €226 | €1,761 | +€1,535 | +679.9% |
| Income taxes | 67/77 | €62 | €470 | +€408 | +663.8% |
| Profit (loss) for the period | 9904 | €164 | €1,291 | +€1,127 | +685.9% |
| Profit (loss) for the period to be appropriated | 9905 | €164 | €1,291 | +€1,127 | +685.9% |
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.