Hinterlog: 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.
Hinterlog
Largest movements
- Receivables within one year -€445,331
down €445,331 (-95.7%), from €465,488 to €20,157
of which Trade receivables: -€445,504
- Cash +€147,749
up €147,749 (+564.5%), from €26,175 to €173,924
mainly Receivables within one year (+€445,331) and Trade debts (+€15,802)
- Stocks and contracts +€28,242
up €28,242 (+19.3%), from €146,294 to €174,535
- Intangible fixed assets -€15,582
down €15,582 (-18.1%), from €86,017 to €70,436
- Debts after one year -€179,173
no longer reported in 2025 (was €179,173)
- Reserves -€68,104
down €68,104 (-50.3%), from €135,433 to €67,329
- Other debts -€37,450
down €37,450 (-11.9%), from €315,280 to €277,830
- Current portion of long-term debt -€15,848
no longer reported in 2025 (was €15,848)
- Trade debts +€15,802
up €15,802 (+41.5%), from €38,119 to €53,921
- Gross operating margin -€49,593
down €49,593 (-65.5%), from €75,673 to €26,080
- Taxes -€10,497
down €10,497 (-92.4%), from €11,357 to €860
- Staff costs -€3,081
no longer reported in 2025 (was €3,081)
- Financial charges +€2,405
up €2,405 (+60.5%), from €3,972 to €6,377
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 | €726,321 | €444,705 | -€281,616 | -38.8% |
| Fixed assets | 21/28 | €87,135 | €74,884 | -€12,252 | -14.1% |
| Intangible fixed assets | 21 | €86,017 | €70,436 | -€15,582 | -18.1% |
| Tangible fixed assets | 22/27 | €1,118 | €998 | -€120 | -10.7% |
| Plant, machinery and equipment | 23 | €1,118 | €998 | -€120 | -10.7% |
| Financial fixed assets | 28 | - | €3,450 | +€3,450 | |
| Current assets | 29/58 | €639,185 | €369,821 | -€269,364 | -42.1% |
| Stocks and contracts in progress | 3 | €146,294 | €174,535 | +€28,242 | +19.3% |
| Stocks | 30/36 | €146,294 | €174,535 | +€28,242 | +19.3% |
| Amounts receivable within one year | 40/41 | €465,488 | €20,157 | -€445,331 | -95.7% |
| Trade receivables | 40 | €465,488 | €19,983 | -€445,504 | -95.7% |
| Other amounts receivable | 41 | - | €173 | +€173 | |
| Cash at bank and in hand | 54/58 | €26,175 | €173,924 | +€147,749 | +564.5% |
| Deferred charges and accrued income | 490/1 | €1,229 | €1,205 | -€24 | -2.0% |
| Total equity and liabilities | 10/49 | €726,321 | €444,705 | -€281,616 | -38.8% |
| Equity | 10/15 | €154,033 | €85,929 | -€68,104 | -44.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,433 | €67,329 | -€68,104 | -50.3% |
| Distributable reserves | 133 | €135,433 | €67,329 | -€68,104 | -50.3% |
| Amounts payable | 17/49 | €572,288 | €358,776 | -€213,512 | -37.3% |
| Amounts payable after more than one year | 17 | €179,173 | - | -€179,173 | |
| Financial debts | 170/4 | €179,173 | - | -€179,173 | |
| Amounts payable within one year | 42/48 | €393,114 | €358,776 | -€34,339 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €15,848 | - | -€15,848 | |
| Trade debts | 44 | €38,119 | €53,921 | +€15,802 | +41.5% |
| Suppliers | 440/4 | €38,119 | €53,921 | +€15,802 | +41.5% |
| Taxes, remuneration and social security | 45 | €23,868 | €27,025 | +€3,157 | +13.2% |
| Taxes | 450/3 | €23,868 | €27,025 | +€3,157 | +13.2% |
| Other amounts payable | 47/48 | €315,280 | €277,830 | -€37,450 | -11.9% |
| Non-recurring operating income | 76A | €3 | €5,273 | +€5,270 | +158248.9% |
| Remuneration, social security and pensions | 62 | €3,081 | - | -€3,081 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,103 | €15,702 | -€402 | -2.5% |
| Other operating charges | 640/8 | €587 | €393 | -€194 | -33.0% |
| Non-recurring operating charges | 66A | €1,684 | €1,365 | -€318 | -18.9% |
| Gross operating margin | 9900 | €75,673 | €26,080 | -€49,593 | -65.5% |
| Operating profit (loss) | 9901 | €54,219 | €8,620 | -€45,599 | -84.1% |
| Financial income | 75/76B | €20 | €513 | +€493 | +2477.4% |
| Recurring financial income | 75 | €20 | €513 | +€493 | +2477.4% |
| Financial charges | 65/66B | €3,972 | €6,377 | +€2,405 | +60.5% |
| Recurring financial charges | 65 | €3,972 | €6,377 | +€2,405 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | €50,266 | €2,756 | -€47,510 | -94.5% |
| Income taxes | 67/77 | €11,357 | €860 | -€10,497 | -92.4% |
| Profit (loss) for the period | 9904 | €38,909 | €1,896 | -€37,013 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,909 | €1,896 | -€37,013 | -95.1% |
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 11 October 2026 via checked.be.