Hippiebus: 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.
Hippiebus
Largest movements
- Financial fixed assets -€320,174
down €320,174 (-18.3%), from €1.7m to €1.4m
- Cash +€95,613
up €95,613 (+187%), from €51,072 to €146,685
mainly Net result for the year (+€245,797) and Investment in fixed assets (net) (+€222,674)
- Tangible fixed assets +€55,439
up €55,439 (+15.1%), from €368,274 to €423,713
of which Land and buildings: +€70,851
- Deferred charges and accrued income +€53,977
up €53,977 (+111%), from €48,840 to €102,818
- Other debts -€282,699
down €282,699 (-59.2%), from €477,410 to €194,712
- Profit (loss) carried forward +€245,797
up €245,797 (+85.8%), from -€286,405 to -€40,607
- Reserves -€100,008
no longer reported in 2025 (was €100,008)
- Financial income +€136,735
up €136,735 (+69.4%), from €196,903 to €333,639
- Gross operating margin -€23,374
down €23,374, from €4,042 to -€19,332
- Depreciation -€21,339
down €21,339 (-33.7%), from €63,400 to €42,061
- Other operating charges -€15,493
down €15,493 (-47.5%), from €32,646 to €17,152
- Financial charges -€1,517
down €1,517 (-14.0%), from €10,813 to €9,296
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 | €2,789,441 | €2,683,307 | -€106,134 | -3.8% |
| Fixed assets | 21/28 | €2,118,234 | €1,853,499 | -€264,735 | -12.5% |
| Tangible fixed assets | 22/27 | €368,274 | €423,713 | +€55,439 | +15.1% |
| Land and buildings | 22 | €316,578 | €387,429 | +€70,851 | +22.4% |
| Plant, machinery and equipment | 23 | €2,000 | €650 | -€1,350 | -67.5% |
| Furniture and vehicles | 24 | €49,697 | €35,635 | -€14,062 | -28.3% |
| Financial fixed assets | 28 | €1,749,960 | €1,429,786 | -€320,174 | -18.3% |
| Current assets | 29/58 | €671,207 | €829,808 | +€158,601 | +23.6% |
| Amounts receivable within one year | 40/41 | €35,045 | €44,056 | +€9,011 | +25.7% |
| Trade receivables | 40 | €15,346 | €15,384 | +€38 | +0.2% |
| Other amounts receivable | 41 | €19,699 | €28,672 | +€8,973 | +45.6% |
| Current investments | 50/53 | €536,250 | €536,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,072 | €146,685 | +€95,613 | +187% |
| Deferred charges and accrued income | 490/1 | €48,840 | €102,818 | +€53,977 | +111% |
| Total equity and liabilities | 10/49 | €2,789,441 | €2,683,307 | -€106,134 | -3.8% |
| Equity | 10/15 | €2,234,603 | €2,380,393 | +€145,789 | +6.5% |
| Contributions | 10/11 | €2,421,000 | €2,421,000 | = | 0.0% |
| Reserves | 13 | €100,008 | - | -€100,008 | |
| Distributable reserves | 133 | €100,008 | - | -€100,008 | |
| Profit (loss) carried forward | 14 | -€286,405 | -€40,607 | +€245,797 | +85.8% |
| Provisions and deferred taxes | 16 | €17,528 | €17,528 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €17,528 | €17,528 | = | 0.0% |
| Pensions and similar obligations | 160 | €17,528 | €17,528 | = | 0.0% |
| Amounts payable | 17/49 | €537,310 | €285,386 | -€251,924 | -46.9% |
| Amounts payable within one year | 42/48 | €516,387 | €240,144 | -€276,243 | -53.5% |
| Trade debts | 44 | €33,238 | €34,333 | +€1,096 | +3.3% |
| Suppliers | 440/4 | €33,238 | €34,333 | +€1,096 | +3.3% |
| Advances received on contracts in progress | 46 | €1,036 | €838 | -€197 | -19.1% |
| Taxes, remuneration and social security | 45 | €4,703 | €10,261 | +€5,558 | +118% |
| Taxes | 450/3 | €4,703 | €6,261 | +€1,558 | +33.1% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €477,410 | €194,712 | -€282,699 | -59.2% |
| Accrued charges and deferred income | 492/3 | €20,923 | €45,242 | +€24,319 | +116% |
| Remuneration, social security and pensions | 62 | €366 | - | -€366 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,400 | €42,061 | -€21,339 | -33.7% |
| Other operating charges | 640/8 | €32,646 | €17,152 | -€15,493 | -47.5% |
| Gross operating margin | 9900 | €4,042 | -€19,332 | -€23,374 | |
| Operating profit (loss) | 9901 | -€92,370 | -€78,546 | +€13,825 | +15.0% |
| Financial income | 75/76B | €196,903 | €333,639 | +€136,735 | +69.4% |
| Recurring financial income | 75 | €196,903 | €333,639 | +€136,735 | +69.4% |
| Financial charges | 65/66B | €10,813 | €9,296 | -€1,517 | -14.0% |
| Recurring financial charges | 65 | €10,813 | €9,296 | -€1,517 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €93,720 | €245,797 | +€152,077 | +162% |
| Profit (loss) for the period | 9904 | €93,720 | €245,797 | +€152,077 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €93,720 | €245,797 | +€152,077 | +162% |
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 21 October 2026 via checked.be.