HIPICO: 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.
HIPICO
Largest movements
- Tangible fixed assets +€40,618
up €40,618 (+432.7%), from €9,388 to €50,006
of which Furniture and vehicles: +€40,534
- Receivables within one year -€4,965
down €4,965 (-19.6%), from €25,321 to €20,356
of which Trade receivables: -€5,722
- Cash +€4,684
up €4,684 (+452.9%), from €1,034 to €5,718
mainly Other debts (+€32,458) and Net result for the year (+€13,361)
- Other debts +€32,458
up €32,458 (+355.9%), from €9,121 to €41,579
- Profit (loss) carried forward +€13,361
up €13,361 (+71.2%), from -€18,771 to -€5,410
- Trade debts -€3,409
down €3,409 (-24.6%), from €13,838 to €10,430
- Tax, wage and social debts -€1,074
down €1,074 (-28.0%), from €3,830 to €2,756
of which Remuneration and social security: -€1,059
- Accrued charges and deferred income -€1,000
down €1,000 (-40.0%), from €2,500 to €1,500
- Staff costs -€4,546
down €4,546 (-17.7%), from €25,702 to €21,156
- Gross operating margin +€1,311
up €1,311 (+3.3%), from €40,147 to €41,458
- Depreciation +€1,230
up €1,230 (+26.0%), from €4,732 to €5,962
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 | €35,867 | €76,204 | +€40,337 | +112.5% |
| Fixed assets | 21/28 | €9,512 | €50,130 | +€40,618 | +427.0% |
| Tangible fixed assets | 22/27 | €9,388 | €50,006 | +€40,618 | +432.7% |
| Plant, machinery and equipment | 23 | €5,675 | €5,759 | +€84 | +1.5% |
| Furniture and vehicles | 24 | €3,712 | €44,247 | +€40,534 | +1091.9% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €26,356 | €26,074 | -€281 | -1.1% |
| Amounts receivable within one year | 40/41 | €25,321 | €20,356 | -€4,965 | -19.6% |
| Trade receivables | 40 | €24,345 | €18,622 | -€5,722 | -23.5% |
| Other amounts receivable | 41 | €977 | €1,734 | +€757 | +77.5% |
| Cash at bank and in hand | 54/58 | €1,034 | €5,718 | +€4,684 | +452.9% |
| Total equity and liabilities | 10/49 | €35,867 | €76,204 | +€40,337 | +112.5% |
| Equity | 10/15 | €6,578 | €19,939 | +€13,361 | +203.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €349 | €349 | = | 0.0% |
| Distributable reserves | 133 | €349 | €349 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,771 | -€5,410 | +€13,361 | +71.2% |
| Amounts payable | 17/49 | €29,289 | €56,265 | +€26,976 | +92.1% |
| Amounts payable within one year | 42/48 | €26,789 | €54,765 | +€27,976 | +104.4% |
| Trade debts | 44 | €13,838 | €10,430 | -€3,409 | -24.6% |
| Suppliers | 440/4 | €13,838 | €10,430 | -€3,409 | -24.6% |
| Taxes, remuneration and social security | 45 | €3,830 | €2,756 | -€1,074 | -28.0% |
| Taxes | 450/3 | €29 | €15 | -€15 | -50.0% |
| Remuneration and social security | 454/9 | €3,800 | €2,741 | -€1,059 | -27.9% |
| Other amounts payable | 47/48 | €9,121 | €41,579 | +€32,458 | +355.9% |
| Accrued charges and deferred income | 492/3 | €2,500 | €1,500 | -€1,000 | -40.0% |
| Non-recurring operating income | 76A | €1,283 | €16,880 | +€15,597 | +1215.2% |
| Remuneration, social security and pensions | 62 | €25,702 | €21,156 | -€4,546 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,732 | €5,962 | +€1,230 | +26.0% |
| Other operating charges | 640/8 | €845 | €884 | +€39 | +4.6% |
| Gross operating margin | 9900 | €40,147 | €41,458 | +€1,311 | +3.3% |
| Operating profit (loss) | 9901 | €8,868 | €13,457 | +€4,589 | +51.7% |
| Financial income | 75/76B | €0 | €2 | +€2 | +1700.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +1700.0% |
| Financial charges | 65/66B | €102 | €97 | -€5 | -5.1% |
| Recurring financial charges | 65 | €102 | €97 | -€5 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €8,766 | €13,361 | +€4,596 | +52.4% |
| Profit (loss) for the period | 9904 | €8,766 | €13,361 | +€4,596 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,766 | €13,361 | +€4,596 | +52.4% |
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.