HINSCHA: 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
HINSCHA
NACE 46.494, Wholesale of non-electrical household articles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€522,366
2024 · €374,688+€147,678
Equity
€3.3m
2024 · €2.8m+€494,118
Cash
€162,184
2024 · €358,647-€196,463
Balance sheet total
€5.3m
2024 · €4.6m+€758,745
Largest movements
Assets
- Receivables after one year +€400,000
up €400,000 (+200%), from €200,000 to €600,000
- Tangible fixed assets +€259,691
up €259,691 (+12.4%), from €2.1m to €2.4m
of which Land and buildings: +€305,699
- Intangible fixed assets +€242,416
up €242,416 (+102%), from €236,900 to €479,315
- Cash -€196,463
down €196,463 (-54.8%), from €358,647 to €162,184
mainly Investment in fixed assets (net) (-€768,705) and Receivables after one year (-€400,000)
- Stocks and contracts +€72,798
up €72,798 (+6.2%), from €1.2m to €1.2m
Equity and liabilities
- Reserves +€494,118
up €494,118 (+18.7%), from €2.6m to €3.1m
of which Distributable reserves: +€464,648
- Debts after one year +€269,675
up €269,675 (+22.7%), from €1.2m to €1.5m
Income statement
- Gross operating margin +€128,056
up €128,056 (+8.9%), from €1.4m to €1.6m
- Depreciation +€79,043
up €79,043 (+42.1%), from €187,849 to €266,892
- Taxes +€41,443
up €41,443 (+42.6%), from €97,340 to €138,784
- Staff costs -€30,409
down €30,409 (-4.8%), from €637,321 to €606,911
- Write-downs -€20,478
down €20,478, from €18,038 to -€2,439
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.
Result 2024
€374,688
Gross operating margin
+€128,056
Staff costs
+€30,409
Depreciation
-€79,043
Write-downs
+€20,478
Other operating charges
-€9,420
Other operating items
+€103,347
Financial income
+€9,516
Financial charges
-€14,222
Taxes
-€41,443
Result 2025
€522,366
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€329,099
Investment
-€768,705
Financing
+€243,143
Cash 2024
€358,647
From operations (derived)
+€329,099
Net result for the year
+€522,366
Depreciation
+€266,892
Receivables after one year
-€400,000
Stocks and contracts
-€72,798
Receivables within one year
+€30,886
Deferred charges and accrued income
-€11,483
Trade debts
-€26,502
Tax, wage and social debts
+€8,515
Other debts
+€11,223
Investment (derived)
-€768,705
Investment in fixed assets (net)
-€768,705
Financing
+€243,143
Debts after one year
+€269,675
Current portion of long-term debt
+€1,717
Contributions, distributions and other
-€28,248
Cash 2025
€162,184
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,558,862 | €5,317,607 | +€758,745 | +16.6% |
| Fixed assets | 21/28 | €2,329,771 | €2,831,584 | +€501,813 | +21.5% |
| Intangible fixed assets | 21 | €236,900 | €479,315 | +€242,416 | +102% |
| Tangible fixed assets | 22/27 | €2,092,577 | €2,352,268 | +€259,691 | +12.4% |
| Land and buildings | 22 | €1,908,129 | €2,213,828 | +€305,699 | +16.0% |
| Plant, machinery and equipment | 23 | €118,172 | €94,510 | -€23,662 | -20.0% |
| Furniture and vehicles | 24 | €66,276 | €43,930 | -€22,346 | -33.7% |
| Financial fixed assets | 28 | €294 | €0 | -€294 | -100% |
| Current assets | 29/58 | €2,229,091 | €2,486,024 | +€256,932 | +11.5% |
| Amounts receivable after more than one year | 29 | €200,000 | €600,000 | +€400,000 | +200% |
| Other amounts receivable | 291 | €200,000 | €600,000 | +€400,000 | +200% |
| Stocks and contracts in progress | 3 | €1,168,356 | €1,241,154 | +€72,798 | +6.2% |
| Stocks | 30/36 | €1,168,356 | €1,241,154 | +€72,798 | +6.2% |
| Amounts receivable within one year | 40/41 | €500,230 | €469,344 | -€30,886 | -6.2% |
| Trade receivables | 40 | €422,167 | €433,343 | +€11,176 | +2.6% |
| Other amounts receivable | 41 | €78,062 | €36,001 | -€42,061 | -53.9% |
| Cash at bank and in hand | 54/58 | €358,647 | €162,184 | -€196,463 | -54.8% |
| Deferred charges and accrued income | 490/1 | €1,858 | €13,341 | +€11,483 | +618% |
| Total equity and liabilities | 10/49 | €4,558,862 | €5,317,607 | +€758,745 | +16.6% |
| Equity | 10/15 | €2,845,079 | €3,339,197 | +€494,118 | +17.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €2,645,079 | €3,139,197 | +€494,118 | +18.7% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €623,080 | €652,550 | +€29,470 | +4.7% |
| Distributable reserves | 133 | €2,001,999 | €2,466,647 | +€464,648 | +23.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,713,783 | €1,978,411 | +€264,628 | +15.4% |
| Amounts payable after more than one year | 17 | €1,188,158 | €1,457,833 | +€269,675 | +22.7% |
| Financial debts | 170/4 | €1,188,158 | €1,457,833 | +€269,675 | +22.7% |
| Amounts payable within one year | 42/48 | €525,625 | €520,578 | -€5,047 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €100,284 | €102,000 | +€1,717 | +1.7% |
| Trade debts | 44 | €312,227 | €285,725 | -€26,502 | -8.5% |
| Suppliers | 440/4 | €312,227 | €285,725 | -€26,502 | -8.5% |
| Taxes, remuneration and social security | 45 | €96,089 | €104,604 | +€8,515 | +8.9% |
| Taxes | 450/3 | €30,732 | €44,479 | +€13,747 | +44.7% |
| Remuneration and social security | 454/9 | €65,357 | €60,125 | -€5,232 | -8.0% |
| Other amounts payable | 47/48 | €17,025 | €28,248 | +€11,223 | +65.9% |
| Remuneration, social security and pensions | 62 | €637,321 | €606,911 | -€30,409 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,849 | €266,892 | +€79,043 | +42.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,038 | -€2,439 | -€20,478 | |
| Other operating charges | 640/8 | €1,827 | €11,248 | +€9,420 | +515% |
| Non-recurring operating charges | 66A | €103,347 | €0 | -€103,347 | -100% |
| Gross operating margin | 9900 | €1,437,687 | €1,565,743 | +€128,056 | +8.9% |
| Operating profit (loss) | 9901 | €489,304 | €683,131 | +€193,827 | +39.6% |
| Financial income | 75/76B | €23,633 | €33,149 | +€9,516 | +40.3% |
| Recurring financial income | 75 | €23,633 | €33,149 | +€9,516 | +40.3% |
| Financial charges | 65/66B | €40,908 | €55,130 | +€14,222 | +34.8% |
| Recurring financial charges | 65 | €40,908 | €55,130 | +€14,222 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €472,028 | €661,149 | +€189,121 | +40.1% |
| Income taxes | 67/77 | €97,340 | €138,784 | +€41,443 | +42.6% |
| Profit (loss) for the period | 9904 | €374,688 | €522,366 | +€147,678 | +39.4% |
| Transfer from tax-exempt reserves | 789 | €84,200 | €138,930 | +€54,730 | +65.0% |
| Transfer to tax-exempt reserves | 689 | €168,400 | €168,400 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €290,488 | €492,896 | +€202,408 | +69.7% |
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 14 October 2026 via checked.be.