HIPPO LINO: 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 LINO
Largest movements
- Receivables after one year +€360,000
new in 2025: €360,000
- Tangible fixed assets -€115,594
down €115,594 (-15.4%), from €749,368 to €633,774
of which Plant, machinery and equipment: -€111,645
- Receivables within one year +€81,931
up €81,931 (+33.3%), from €245,949 to €327,880
of which Other amounts receivable: +€83,158
- Cash -€53,259
down €53,259 (-15.7%), from €339,537 to €286,278
mainly Receivables after one year (-€360,000) and Receivables within one year (-€81,931)
- Reserves +€422,250
up €422,250 (+30.6%), from €1.4m to €1.8m
- Trade debts -€80,081
down €80,081 (-25.2%), from €317,769 to €237,688
- Tax, wage and social debts -€55,281
down €55,281 (-95.0%), from €58,170 to €2,889
of which Taxes: -€53,101
- Gross operating margin +€98,100
up €98,100 (+16.2%), from €606,519 to €704,619
- Depreciation -€22,724
down €22,724 (-16.4%), from €138,318 to €115,594
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 | €1,795,209 | €2,063,448 | +€268,239 | +14.9% |
| Fixed assets | 21/28 | €749,368 | €633,774 | -€115,594 | -15.4% |
| Tangible fixed assets | 22/27 | €749,368 | €633,774 | -€115,594 | -15.4% |
| Plant, machinery and equipment | 23 | €736,206 | €624,561 | -€111,645 | -15.2% |
| Furniture and vehicles | 24 | €13,162 | €9,213 | -€3,949 | -30.0% |
| Current assets | 29/58 | €1,045,842 | €1,429,675 | +€383,833 | +36.7% |
| Amounts receivable after more than one year | 29 | - | €360,000 | +€360,000 | |
| Other amounts receivable | 291 | - | €360,000 | +€360,000 | |
| Stocks and contracts in progress | 3 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Stocks | 30/36 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Amounts receivable within one year | 40/41 | €245,949 | €327,880 | +€81,931 | +33.3% |
| Trade receivables | 40 | €191,201 | €189,974 | -€1,227 | -0.6% |
| Other amounts receivable | 41 | €54,748 | €137,906 | +€83,158 | +152% |
| Current investments | 50/53 | €425,355 | €430,516 | +€5,161 | +1.2% |
| Cash at bank and in hand | 54/58 | €339,537 | €286,278 | -€53,259 | -15.7% |
| Total equity and liabilities | 10/49 | €1,795,209 | €2,063,448 | +€268,239 | +14.9% |
| Equity | 10/15 | €1,398,974 | €1,821,251 | +€422,277 | +30.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,380,374 | €1,802,624 | +€422,250 | +30.6% |
| Distributable reserves | 133 | €1,380,374 | €1,802,624 | +€422,250 | +30.6% |
| Profit (loss) carried forward | 14 | - | €27 | +€27 | |
| Amounts payable | 17/49 | €396,236 | €242,197 | -€154,038 | -38.9% |
| Amounts payable within one year | 42/48 | €396,236 | €242,197 | -€154,038 | -38.9% |
| Trade debts | 44 | €317,769 | €237,688 | -€80,081 | -25.2% |
| Suppliers | 440/4 | €317,769 | €237,688 | -€80,081 | -25.2% |
| Taxes, remuneration and social security | 45 | €58,170 | €2,889 | -€55,281 | -95.0% |
| Taxes | 450/3 | €53,101 | - | -€53,101 | |
| Remuneration and social security | 454/9 | €5,069 | €2,889 | -€2,180 | -43.0% |
| Other amounts payable | 47/48 | €20,297 | €1,620 | -€18,677 | -92.0% |
| Remuneration, social security and pensions | 62 | €36,992 | €36,669 | -€323 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,318 | €115,594 | -€22,724 | -16.4% |
| Other operating charges | 640/8 | €2,944 | €3,005 | +€61 | +2.1% |
| Gross operating margin | 9900 | €606,519 | €704,619 | +€98,100 | +16.2% |
| Operating profit (loss) | 9901 | €428,266 | €549,352 | +€121,086 | +28.3% |
| Financial income | 75/76B | €10,017 | €10,436 | +€419 | +4.2% |
| Recurring financial income | 75 | €10,017 | €10,436 | +€419 | +4.2% |
| Financial charges | 65/66B | €196 | €883 | +€687 | +350% |
| Recurring financial charges | 65 | €196 | €883 | +€687 | +350% |
| Profit (loss) for the period before taxes | 9903 | €438,087 | €558,905 | +€120,818 | +27.6% |
| Income taxes | 67/77 | €137,309 | €136,628 | -€682 | -0.5% |
| Profit (loss) for the period | 9904 | €300,777 | €422,277 | +€121,500 | +40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €300,777 | €422,277 | +€121,500 | +40.4% |
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 19 October 2026 via checked.be.