HIPOLIE: 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.
HIPOLIE
Largest movements
- Cash +€304,885
up €304,885 (+883%), from €34,531 to €339,416
mainly Net result for the year (+€319,771) and Tax, wage and social debts (+€34,174)
- Tangible fixed assets -€35,947
down €35,947 (-4.9%), from €728,239 to €692,291
of which Land and buildings: -€20,273
- Reserves +€319,771
up €319,771 (+69.2%), from €462,019 to €781,790
of which Distributable reserves: +€319,771
- Other debts -€57,396
down €57,396 (-42.1%), from €136,432 to €79,036
- Tax, wage and social debts +€34,174
up €34,174 (+562%), from €6,078 to €40,252
- Trade debts -€14,119
no longer reported in 2025 (was €14,119)
- Debts after one year -€11,060
down €11,060 (-15.1%), from €73,060 to €62,000
- Gross operating margin +€458,078
up €458,078 (+890%), from €51,491 to €509,569
- Taxes +€146,407
up €146,407 (+5,178%), from €2,828 to €149,234
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 | €768,254 | €1,036,138 | +€267,884 | +34.9% |
| Fixed assets | 21/28 | €728,239 | €692,291 | -€35,947 | -4.9% |
| Tangible fixed assets | 22/27 | €728,239 | €692,291 | -€35,947 | -4.9% |
| Land and buildings | 22 | €679,426 | €659,153 | -€20,273 | -3.0% |
| Plant, machinery and equipment | 23 | €48,813 | €33,138 | -€15,675 | -32.1% |
| Current assets | 29/58 | €40,015 | €343,847 | +€303,832 | +759% |
| Amounts receivable within one year | 40/41 | €2,690 | €2,690 | = | 0.0% |
| Other amounts receivable | 41 | €2,690 | €2,690 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,531 | €339,416 | +€304,885 | +883% |
| Deferred charges and accrued income | 490/1 | €2,793 | €1,740 | -€1,053 | -37.7% |
| Total equity and liabilities | 10/49 | €768,254 | €1,036,138 | +€267,884 | +34.9% |
| Equity | 10/15 | €524,019 | €843,790 | +€319,771 | +61.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €462,019 | €781,790 | +€319,771 | +69.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €455,819 | €775,590 | +€319,771 | +70.2% |
| Amounts payable | 17/49 | €244,234 | €192,348 | -€51,886 | -21.2% |
| Amounts payable after more than one year | 17 | €73,060 | €62,000 | -€11,060 | -15.1% |
| Financial debts | 170/4 | €73,060 | €62,000 | -€11,060 | -15.1% |
| Amounts payable within one year | 42/48 | €171,175 | €130,348 | -€40,827 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €14,546 | €11,060 | -€3,486 | -24.0% |
| Trade debts | 44 | €14,119 | - | -€14,119 | |
| Suppliers | 440/4 | €14,119 | - | -€14,119 | |
| Taxes, remuneration and social security | 45 | €6,078 | €40,252 | +€34,174 | +562% |
| Taxes | 450/3 | €6,078 | €40,252 | +€34,174 | +562% |
| Other amounts payable | 47/48 | €136,432 | €79,036 | -€57,396 | -42.1% |
| Non-recurring operating income | 76A | - | €434,699 | +€434,699 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,058 | €29,398 | -€4,660 | -13.7% |
| Other operating charges | 640/8 | €5,893 | €7,337 | +€1,444 | +24.5% |
| Gross operating margin | 9900 | €51,491 | €509,569 | +€458,078 | +890% |
| Operating profit (loss) | 9901 | €11,540 | €472,834 | +€461,294 | +3,997% |
| Financial income | 75/76B | €1,727 | €328 | -€1,399 | -81.0% |
| Recurring financial income | 75 | €1,727 | €328 | -€1,399 | -81.0% |
| Financial charges | 65/66B | €4,380 | €4,157 | -€223 | -5.1% |
| Recurring financial charges | 65 | €4,380 | €4,157 | -€223 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €8,887 | €469,005 | +€460,118 | +5,177% |
| Income taxes | 67/77 | €2,828 | €149,234 | +€146,407 | +5,178% |
| Profit (loss) for the period | 9904 | €6,059 | €319,771 | +€313,712 | +5,177% |
| Profit (loss) for the period to be appropriated | 9905 | €6,059 | €319,771 | +€313,712 | +5,177% |
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 16 October 2026 via checked.be.