HIP ESTATES: 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.
HIP ESTATES
Largest movements
- Receivables within one year +€482,697
up €482,697 (+97.3%), from €496,039 to €978,737
of which Other amounts receivable: +€617,772
- Current investments +€352,671
up €352,671 (+17.4%), from €2.0m to €2.4m
- Cash +€64,412
up €64,412 (+11.1%), from €578,978 to €643,390
mainly Other debts (+€2.0m) and Net result for the year (+€1.0m)
- Other debts +€2.0m
up €2.0m (+100772.0%), from €1,962 to €2.0m
- Reserves -€964,959
down €964,959 (-31.2%), from €3.1m to €2.1m
- Accrued charges and deferred income -€71,585
down €71,585 (-91.4%), from €78,354 to €6,769
- Trade debts -€48,283
down €48,283 (-33.3%), from €145,164 to €96,881
- Taxes -€96,280
down €96,280 (-22.0%), from €438,633 to €342,353
- Financial income -€16,348
down €16,348 (-33.3%), from €49,020 to €32,672
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 | €3,346,098 | €4,241,229 | +€895,132 | +26.8% |
| Fixed assets | 21/28 | €243,906 | €234,011 | -€9,894 | -4.1% |
| Intangible fixed assets | 21 | - | €9,328 | +€9,328 | |
| Tangible fixed assets | 22/27 | €243,706 | €224,483 | -€19,222 | -7.9% |
| Land and buildings | 22 | €58,975 | €50,083 | -€8,892 | -15.1% |
| Plant, machinery and equipment | 23 | €3,910 | €3,099 | -€811 | -20.7% |
| Furniture and vehicles | 24 | €140,378 | €134,376 | -€6,002 | -4.3% |
| Other tangible fixed assets | 26 | €40,442 | €36,926 | -€3,517 | -8.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €3,102,192 | €4,007,218 | +€905,026 | +29.2% |
| Amounts receivable within one year | 40/41 | €496,039 | €978,737 | +€482,697 | +97.3% |
| Trade receivables | 40 | €380,894 | €245,820 | -€135,075 | -35.5% |
| Other amounts receivable | 41 | €115,145 | €732,917 | +€617,772 | +536.5% |
| Current investments | 50/53 | €2,021,391 | €2,374,062 | +€352,671 | +17.4% |
| Cash at bank and in hand | 54/58 | €578,978 | €643,390 | +€64,412 | +11.1% |
| Deferred charges and accrued income | 490/1 | €5,784 | €11,030 | +€5,245 | +90.7% |
| Total equity and liabilities | 10/49 | €3,346,098 | €4,241,229 | +€895,132 | +26.8% |
| Equity | 10/15 | €3,103,122 | €2,138,163 | -€964,959 | -31.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €3,093,122 | €2,128,163 | -€964,959 | -31.2% |
| Distributable reserves | 133 | €3,093,122 | €2,128,163 | -€964,959 | -31.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €242,976 | €2,103,067 | +€1.9m | +765.5% |
| Amounts payable within one year | 42/48 | €164,622 | €2,096,298 | +€1.9m | +1173.4% |
| Trade debts | 44 | €145,164 | €96,881 | -€48,283 | -33.3% |
| Suppliers | 440/4 | €145,164 | €96,881 | -€48,283 | -33.3% |
| Taxes, remuneration and social security | 45 | €17,497 | €20,772 | +€3,275 | +18.7% |
| Taxes | 450/3 | €78 | €2,237 | +€2,159 | +2773.9% |
| Remuneration and social security | 454/9 | €17,419 | €18,535 | +€1,116 | +6.4% |
| Other amounts payable | 47/48 | €1,962 | €1,978,645 | +€2.0m | +100772.0% |
| Accrued charges and deferred income | 492/3 | €78,354 | €6,769 | -€71,585 | -91.4% |
| Remuneration, social security and pensions | 62 | €170,451 | €179,474 | +€9,023 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,204 | €64,961 | +€5,757 | +9.7% |
| Other operating charges | 640/8 | €1,356 | €1,561 | +€205 | +15.1% |
| Gross operating margin | 9900 | €1,563,946 | €1,573,619 | +€9,672 | +0.6% |
| Operating profit (loss) | 9901 | €1,332,936 | €1,327,623 | -€5,313 | -0.4% |
| Financial income | 75/76B | €49,020 | €32,672 | -€16,348 | -33.3% |
| Recurring financial income | 75 | €49,020 | €32,672 | -€16,348 | -33.3% |
| Financial charges | 65/66B | €1,168 | €8,002 | +€6,834 | +585.2% |
| Recurring financial charges | 65 | €1,168 | €8,002 | +€6,834 | +585.2% |
| Profit (loss) for the period before taxes | 9903 | €1,380,788 | €1,352,293 | -€28,495 | -2.1% |
| Income taxes | 67/77 | €438,633 | €342,353 | -€96,280 | -22.0% |
| Profit (loss) for the period | 9904 | €942,156 | €1,009,940 | +€67,785 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €942,156 | €1,009,940 | +€67,785 | +7.2% |
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 9 October 2026 via checked.be.