HIPPO COPY DISTRIBUTION: 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.
HIPPO COPY DISTRIBUTION
Largest movements
- Tangible fixed assets -€137,919
down €137,919 (-14.5%), from €952,218 to €814,299
of which Furniture and vehicles: -€90,114
- Receivables within one year +€101,956
up €101,956 (+97.4%), from €104,711 to €206,667
of which Other amounts receivable: +€87,401
- Stocks and contracts -€50,167
down €50,167 (-57.0%), from €88,061 to €37,894
- Deferred charges and accrued income -€13,532
down €13,532 (-88.9%), from €15,226 to €1,694
- Tax, wage and social debts -€89,035
down €89,035 (-46.4%), from €192,071 to €103,036
of which Remuneration and social security: -€121,752
- Debts after one year -€84,033
down €84,033 (-21.8%), from €384,768 to €300,734
of which Financial debts: -€84,033
- Other debts +€41,789
up €41,789 (+171%), from €24,469 to €66,258
- Profit (loss) carried forward +€36,562
up €36,562 (+25.3%), from €144,753 to €181,315
- Staff costs -€88,446
down €88,446 (-25.4%), from €348,724 to €260,279
- Gross operating margin -€56,913
down €56,913 (-10.2%), from €557,775 to €500,862
- Other operating charges -€31,124
down €31,124 (-65.6%), from €47,466 to €16,341
- Financial charges +€14,846
up €14,846 (+17.1%), from €86,669 to €101,515
- Taxes +€12,917
up €12,917 (+123%), from €10,500 to €23,417
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 | €1,286,832 | €1,193,081 | -€93,752 | -7.3% |
| Fixed assets | 21/28 | €953,178 | €815,259 | -€137,919 | -14.5% |
| Tangible fixed assets | 22/27 | €952,218 | €814,299 | -€137,919 | -14.5% |
| Land and buildings | 22 | €812,459 | €766,818 | -€45,640 | -5.6% |
| Plant, machinery and equipment | 23 | €11,457 | €9,292 | -€2,165 | -18.9% |
| Furniture and vehicles | 24 | €128,302 | €38,189 | -€90,114 | -70.2% |
| Financial fixed assets | 28 | €960 | €960 | = | 0.0% |
| Current assets | 29/58 | €333,654 | €377,821 | +€44,167 | +13.2% |
| Amounts receivable after more than one year | 29 | €113,623 | €113,623 | = | 0.0% |
| Other amounts receivable | 291 | €113,623 | €113,623 | = | 0.0% |
| Stocks and contracts in progress | 3 | €88,061 | €37,894 | -€50,167 | -57.0% |
| Stocks | 30/36 | €88,061 | €37,894 | -€50,167 | -57.0% |
| Amounts receivable within one year | 40/41 | €104,711 | €206,667 | +€101,956 | +97.4% |
| Trade receivables | 40 | €66,673 | €81,229 | +€14,555 | +21.8% |
| Other amounts receivable | 41 | €38,037 | €125,438 | +€87,401 | +230% |
| Cash at bank and in hand | 54/58 | €12,033 | €17,943 | +€5,909 | +49.1% |
| Deferred charges and accrued income | 490/1 | €15,226 | €1,694 | -€13,532 | -88.9% |
| Total equity and liabilities | 10/49 | €1,286,832 | €1,193,081 | -€93,752 | -7.3% |
| Equity | 10/15 | €476,182 | €512,744 | +€36,562 | +7.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €324,429 | €324,429 | = | 0.0% |
| Distributable reserves | 133 | €324,429 | €324,429 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,753 | €181,315 | +€36,562 | +25.3% |
| Amounts payable | 17/49 | €810,651 | €680,336 | -€130,314 | -16.1% |
| Amounts payable after more than one year | 17 | €384,768 | €300,734 | -€84,033 | -21.8% |
| Financial debts | 170/4 | €383,168 | €299,134 | -€84,033 | -21.9% |
| Other amounts payable | 178/9 | €1,600 | €1,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €425,883 | €379,602 | -€46,281 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €93,058 | €82,896 | -€10,161 | -10.9% |
| Trade debts | 44 | €116,285 | €127,317 | +€11,032 | +9.5% |
| Suppliers | 440/4 | €116,285 | €127,317 | +€11,032 | +9.5% |
| Advances received on contracts in progress | 46 | - | €94 | +€94 | |
| Taxes, remuneration and social security | 45 | €192,071 | €103,036 | -€89,035 | -46.4% |
| Taxes | 450/3 | €51,235 | €83,952 | +€32,717 | +63.9% |
| Remuneration and social security | 454/9 | €140,837 | €19,085 | -€121,752 | -86.4% |
| Other amounts payable | 47/48 | €24,469 | €66,258 | +€41,789 | +171% |
| Remuneration, social security and pensions | 62 | €348,724 | €260,279 | -€88,446 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,441 | €62,988 | +€4,548 | +7.8% |
| Other operating charges | 640/8 | €47,466 | €16,341 | -€31,124 | -65.6% |
| Gross operating margin | 9900 | €557,775 | €500,862 | -€56,913 | -10.2% |
| Operating profit (loss) | 9901 | €103,145 | €161,254 | +€58,110 | +56.3% |
| Financial income | 75/76B | €40 | €239 | +€199 | +497% |
| Recurring financial income | 75 | €40 | €239 | +€199 | +497% |
| Financial charges | 65/66B | €86,669 | €101,515 | +€14,846 | +17.1% |
| Recurring financial charges | 65 | €86,669 | €101,515 | +€14,846 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €16,516 | €59,979 | +€43,463 | +263% |
| Income taxes | 67/77 | €10,500 | €23,417 | +€12,917 | +123% |
| Profit (loss) for the period | 9904 | €6,016 | €36,562 | +€30,547 | +508% |
| Profit (loss) for the period to be appropriated | 9905 | €6,016 | €36,562 | +€30,547 | +508% |
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 19 October 2026 via checked.be.