HIPERO: 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.
HIPERO
Largest movements
- Stocks and contracts +€749,095
up €749,095 (+248%), from €302,500 to €1.1m
- Tangible fixed assets -€723,468
down €723,468 (-68.5%), from €1.1m to €332,255
- Cash +€56,028
up €56,028 (+2,088%), from €2,684 to €58,712
mainly Investment in fixed assets (net) (+€715,758) and Other debts (+€144,500)
- Other debts +€144,500
up €144,500 (+184%), from €78,460 to €222,960
- Profit (loss) carried forward -€45,972
down €45,972 (-24.5%), from -€187,949 to -€233,922
- Debts after one year -€16,742
down €16,742 (-9.2%), from €181,017 to €164,275
- Depreciation -€23,030
down €23,030 (-72.5%), from €31,767 to €8,736
- Financial charges +€8,184
up €8,184 (+103%), from €7,908 to €16,092
- Gross operating margin +€5,574
up €5,574 (+32.5%), from -€17,161 to -€11,587
- Other operating charges -€460
down €460 (-4.6%), from €10,017 to €9,557
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,362,109 | €1,449,559 | +€87,450 | +6.4% |
| Formation expenses | 20 | €1,202 | €176 | -€1,026 | -85.3% |
| Fixed assets | 21/28 | €1,055,723 | €332,255 | -€723,468 | -68.5% |
| Tangible fixed assets | 22/27 | €1,055,723 | €332,255 | -€723,468 | -68.5% |
| Land and buildings | 22 | €1,055,723 | €332,255 | -€723,468 | -68.5% |
| Current assets | 29/58 | €305,184 | €1,117,127 | +€811,944 | +266% |
| Stocks and contracts in progress | 3 | €302,500 | €1,051,595 | +€749,095 | +248% |
| Stocks | 30/36 | €302,500 | €1,051,595 | +€749,095 | +248% |
| Amounts receivable within one year | 40/41 | - | €6,820 | +€6,820 | |
| Other amounts receivable | 41 | - | €6,820 | +€6,820 | |
| Cash at bank and in hand | 54/58 | €2,684 | €58,712 | +€56,028 | +2,088% |
| Total equity and liabilities | 10/49 | €1,362,109 | €1,449,559 | +€87,450 | +6.4% |
| Equity | 10/15 | €1,082,513 | €1,036,540 | -€45,972 | -4.2% |
| Contributions | 10/11 | €1,270,000 | €1,270,000 | = | 0.0% |
| Reserves | 13 | €462 | €462 | = | 0.0% |
| Distributable reserves | 133 | €462 | €462 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€187,949 | -€233,922 | -€45,972 | -24.5% |
| Amounts payable | 17/49 | €279,597 | €413,019 | +€133,422 | +47.7% |
| Amounts payable after more than one year | 17 | €181,017 | €164,275 | -€16,742 | -9.2% |
| Financial debts | 170/4 | €181,017 | €164,275 | -€16,742 | -9.2% |
| Amounts payable within one year | 42/48 | €98,008 | €239,377 | +€141,369 | +144% |
| Current portion of amounts payable after more than one year | 42 | €15,805 | €16,417 | +€611 | +3.9% |
| Trade debts | 44 | €3,743 | €0 | -€3,743 | -100% |
| Suppliers | 440/4 | €3,743 | €0 | -€3,743 | -100% |
| Other amounts payable | 47/48 | €78,460 | €222,960 | +€144,500 | +184% |
| Accrued charges and deferred income | 492/3 | €572 | €9,367 | +€8,796 | +1,538% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,767 | €8,736 | -€23,030 | -72.5% |
| Other operating charges | 640/8 | €10,017 | €9,557 | -€460 | -4.6% |
| Gross operating margin | 9900 | -€17,161 | -€11,587 | +€5,574 | +32.5% |
| Operating profit (loss) | 9901 | -€58,944 | -€29,880 | +€29,064 | +49.3% |
| Financial charges | 65/66B | €7,908 | €16,092 | +€8,184 | +103% |
| Recurring financial charges | 65 | €7,908 | €16,092 | +€8,184 | +103% |
| Profit (loss) for the period before taxes | 9903 | -€66,852 | -€45,972 | +€20,880 | +31.2% |
| Profit (loss) for the period | 9904 | -€66,852 | -€45,972 | +€20,880 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,852 | -€45,972 | +€20,880 | +31.2% |
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 13 October 2026 via checked.be.