Hip & Hap: 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.
Hip & Hap
Largest movements
- Tangible fixed assets +€549,887
up €549,887 (+229.4%), from €239,707 to €789,594
of which Other tangible fixed assets: +€558,036
- Receivables within one year +€19,000
up €19,000 (+108.9%), from €17,447 to €36,447
of which Trade receivables: +€13,356
- Stocks and contracts +€17,461
up €17,461 (+141.9%), from €12,303 to €29,764
- Debts after one year +€673,067
up €673,067 (+1879.0%), from €35,820 to €708,887
of which Other amounts payable: +€370,000
- Trade debts -€42,484
down €42,484 (-59.7%), from €71,192 to €28,708
- Other debts -€40,401
down €40,401 (-32.2%), from €125,283 to €84,882
- Reserves -€34,408
down €34,408 (-91.0%), from €37,831 to €3,422
- Current portion of long-term debt +€23,534
up €23,534 (+172.6%), from €13,633 to €37,167
- Gross operating margin -€40,159
down €40,159 (-59.3%), from €67,709 to €27,550
- Depreciation +€32,621
up €32,621 (+206.0%), from €15,833 to €48,454
- Taxes -€10,197
down €10,197 (-100.0%), from €10,197 to €0
- Financial charges +€7,557
up €7,557 (+260.9%), from €2,897 to €10,454
- Other operating charges +€2,099
up €2,099 (+220.7%), from €951 to €3,050
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 | €297,957 | €887,043 | +€589,086 | +197.7% |
| Fixed assets | 21/28 | €249,382 | €807,172 | +€557,790 | +223.7% |
| Intangible fixed assets | 21 | €9,675 | €17,578 | +€7,903 | +81.7% |
| Tangible fixed assets | 22/27 | €239,707 | €789,594 | +€549,887 | +229.4% |
| Plant, machinery and equipment | 23 | €21,026 | €37,861 | +€16,835 | +80.1% |
| Furniture and vehicles | 24 | €54,400 | €42,233 | -€12,167 | -22.4% |
| Leasing and similar rights | 25 | €57,662 | €44,844 | -€12,818 | -22.2% |
| Other tangible fixed assets | 26 | €106,619 | €664,655 | +€558,036 | +523.4% |
| Current assets | 29/58 | €48,575 | €79,871 | +€31,296 | +64.4% |
| Stocks and contracts in progress | 3 | €12,303 | €29,764 | +€17,461 | +141.9% |
| Stocks | 30/36 | €12,303 | €29,764 | +€17,461 | +141.9% |
| Amounts receivable within one year | 40/41 | €17,447 | €36,447 | +€19,000 | +108.9% |
| Trade receivables | 40 | €10,506 | €23,862 | +€13,356 | +127.1% |
| Other amounts receivable | 41 | €6,941 | €12,585 | +€5,644 | +81.3% |
| Cash at bank and in hand | 54/58 | €15,680 | €9,947 | -€5,734 | -36.6% |
| Deferred charges and accrued income | 490/1 | €3,144 | €3,714 | +€569 | +18.1% |
| Total equity and liabilities | 10/49 | €297,957 | €887,043 | +€589,086 | +197.7% |
| Equity | 10/15 | €42,831 | €8,422 | -€34,408 | -80.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,831 | €3,422 | -€34,408 | -91.0% |
| Distributable reserves | 133 | €37,831 | €3,422 | -€34,408 | -91.0% |
| Amounts payable | 17/49 | €255,126 | €878,621 | +€623,494 | +244.4% |
| Amounts payable after more than one year | 17 | €35,820 | €708,887 | +€673,067 | +1879.0% |
| Financial debts | 170/4 | €35,820 | €338,887 | +€303,067 | +846.1% |
| Other amounts payable | 178/9 | - | €370,000 | +€370,000 | |
| Amounts payable within one year | 42/48 | €216,181 | €157,486 | -€58,695 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €13,633 | €37,167 | +€23,534 | +172.6% |
| Trade debts | 44 | €71,192 | €28,708 | -€42,484 | -59.7% |
| Suppliers | 440/4 | €71,192 | €28,708 | -€42,484 | -59.7% |
| Advances received on contracts in progress | 46 | €899 | €0 | -€899 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,175 | €6,729 | +€1,554 | +30.0% |
| Taxes | 450/3 | €1,175 | €2,729 | +€1,554 | +132.2% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €125,283 | €84,882 | -€40,401 | -32.2% |
| Accrued charges and deferred income | 492/3 | €3,125 | €12,248 | +€9,123 | +291.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,833 | €48,454 | +€32,621 | +206.0% |
| Other operating charges | 640/8 | €951 | €3,050 | +€2,099 | +220.7% |
| Gross operating margin | 9900 | €67,709 | €27,550 | -€40,159 | -59.3% |
| Operating profit (loss) | 9901 | €50,925 | -€23,954 | -€74,879 | |
| Financial charges | 65/66B | €2,897 | €10,454 | +€7,557 | +260.9% |
| Recurring financial charges | 65 | €2,897 | €10,454 | +€7,557 | +260.9% |
| Profit (loss) for the period before taxes | 9903 | €48,028 | -€34,408 | -€82,436 | |
| Income taxes | 67/77 | €10,197 | €0 | -€10,197 | -100.0% |
| Profit (loss) for the period | 9904 | €37,831 | -€34,408 | -€72,239 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,831 | -€34,408 | -€72,239 |
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 8 October 2026 via checked.be.