HIPPO-DROOM: 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-DROOM
Largest movements
- Receivables within one year -€113,666
down €113,666 (-77.0%), from €147,599 to €33,933
of which Trade receivables: -€80,506
- Tangible fixed assets -€18,643
down €18,643 (-41.5%), from €44,926 to €26,283
of which Plant, machinery and equipment: -€14,462
- Profit (loss) carried forward -€87,650
down €87,650 (-188%), from -€46,628 to -€134,277
- Debts after one year -€37,220
down €37,220 (-45.1%), from €82,443 to €45,223
- Trade debts -€10,789
down €10,789 (-17.4%), from €61,845 to €51,057
- Short-term financial debts +€10,774
up €10,774 (+246%), from €4,386 to €15,160
- Current portion of long-term debt -€10,197
down €10,197 (-21.5%), from €47,417 to €37,220
- Gross operating margin -€167,453
down €167,453, from €122,104 to -€45,349
- Financial charges -€7,315
down €7,315 (-53.4%), from €13,711 to €6,396
- Staff costs -€6,841
down €6,841 (-28.8%), from €23,741 to €16,900
- Depreciation -€1,605
down €1,605 (-7.9%), from €20,248 to €18,643
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 | €196,041 | €64,315 | -€131,725 | -67.2% |
| Fixed assets | 21/28 | €44,926 | €26,283 | -€18,643 | -41.5% |
| Tangible fixed assets | 22/27 | €44,926 | €26,283 | -€18,643 | -41.5% |
| Land and buildings | 22 | €5,774 | €1,593 | -€4,181 | -72.4% |
| Plant, machinery and equipment | 23 | €39,153 | €24,690 | -€14,462 | -36.9% |
| Current assets | 29/58 | €151,114 | €38,032 | -€113,082 | -74.8% |
| Amounts receivable within one year | 40/41 | €147,599 | €33,933 | -€113,666 | -77.0% |
| Trade receivables | 40 | €112,773 | €32,267 | -€80,506 | -71.4% |
| Other amounts receivable | 41 | €34,827 | €1,666 | -€33,161 | -95.2% |
| Cash at bank and in hand | 54/58 | €3,374 | €3,826 | +€451 | +13.4% |
| Deferred charges and accrued income | 490/1 | €141 | €274 | +€133 | +94.6% |
| Total equity and liabilities | 10/49 | €196,041 | €64,315 | -€131,725 | -67.2% |
| Equity | 10/15 | -€27,528 | -€115,177 | -€87,650 | -318% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,628 | -€134,277 | -€87,650 | -188% |
| Amounts payable | 17/49 | €223,568 | €179,492 | -€44,076 | -19.7% |
| Amounts payable after more than one year | 17 | €82,443 | €45,223 | -€37,220 | -45.1% |
| Financial debts | 170/4 | €82,443 | €45,223 | -€37,220 | -45.1% |
| Amounts payable within one year | 42/48 | €141,125 | €134,269 | -€6,856 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €47,417 | €37,220 | -€10,197 | -21.5% |
| Financial debts | 43 | €4,386 | €15,160 | +€10,774 | +246% |
| Credit institutions | 430/8 | €4,386 | €15,160 | +€10,774 | +246% |
| Trade debts | 44 | €61,845 | €51,057 | -€10,789 | -17.4% |
| Suppliers | 440/4 | €61,845 | €51,057 | -€10,789 | -17.4% |
| Taxes, remuneration and social security | 45 | €1,773 | €431 | -€1,341 | -75.7% |
| Remuneration and social security | 454/9 | €1,773 | €431 | -€1,341 | -75.7% |
| Other amounts payable | 47/48 | €25,704 | €30,401 | +€4,697 | +18.3% |
| Remuneration, social security and pensions | 62 | €23,741 | €16,900 | -€6,841 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,248 | €18,643 | -€1,605 | -7.9% |
| Other operating charges | 640/8 | - | €389 | +€389 | |
| Non-recurring operating charges | 66A | €3 | - | -€3 | |
| Gross operating margin | 9900 | €122,104 | -€45,349 | -€167,453 | |
| Operating profit (loss) | 9901 | €78,112 | -€81,281 | -€159,394 | |
| Financial income | 75/76B | €872 | €28 | -€844 | -96.8% |
| Recurring financial income | 75 | €872 | €28 | -€844 | -96.8% |
| Financial charges | 65/66B | €13,711 | €6,396 | -€7,315 | -53.4% |
| Recurring financial charges | 65 | €13,711 | €6,396 | -€7,315 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €65,273 | -€87,650 | -€152,922 | |
| Profit (loss) for the period | 9904 | €65,273 | -€87,650 | -€152,922 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,273 | -€87,650 | -€152,922 |
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 24 October 2026 via checked.be.