HIPPOCAMPUS: what changed
Two fiscal 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.
HIPPOCAMPUS
Largest movements
- Tangible fixed assets -€35,155
down €35,155 (-3.7%), from €948,184 to €913,029
of which Land and buildings: -€21,377
- Cash +€14,845
up €14,845 (+78.4%), from €18,931 to €33,776
mainly Depreciation (+€35,155) and Tax, wage and social debts (+€274)
- Reserves -€11,660
down €11,660 (-1.3%), from €884,717 to €873,057
- Gross operating margin +€11,823
up €11,823 (+51.1%), from €23,140 to €34,963
- Other operating charges +€2,291
up €2,291 (+31.2%), from €7,341 to €9,632
- Depreciation +€927
up €927 (+2.7%), from €34,228 to €35,155
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.
Cash bridge derived
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 | €997,152 | €985,673 | -€11,480 | -1.2% |
| Fixed assets | 21/28 | €948,184 | €913,029 | -€35,155 | -3.7% |
| Tangible fixed assets | 22/27 | €948,184 | €913,029 | -€35,155 | -3.7% |
| Land and buildings | 22 | €905,719 | €884,342 | -€21,377 | -2.4% |
| Plant, machinery and equipment | 23 | €693 | - | -€693 | |
| Furniture and vehicles | 24 | €41,772 | €28,687 | -€13,086 | -31.3% |
| Current assets | 29/58 | €48,968 | €72,644 | +€23,675 | +48.3% |
| Amounts receivable within one year | 40/41 | €29,313 | €34,920 | +€5,607 | +19.1% |
| Other amounts receivable | 41 | €29,313 | €34,920 | +€5,607 | +19.1% |
| Cash at bank and in hand | 54/58 | €18,931 | €33,776 | +€14,845 | +78.4% |
| Deferred charges and accrued income | 490/1 | €724 | €3,947 | +€3,224 | +445.5% |
| Total equity and liabilities | 10/49 | €997,152 | €985,673 | -€11,480 | -1.2% |
| Equity | 10/15 | €993,577 | €981,917 | -€11,660 | -1.2% |
| Contributions | 10/11 | €108,860 | €108,860 | = | 0.0% |
| Reserves | 13 | €884,717 | €873,057 | -€11,660 | -1.3% |
| Distributable reserves | 133 | €884,717 | €873,057 | -€11,660 | -1.3% |
| Amounts payable | 17/49 | €3,575 | €3,755 | +€180 | +5.0% |
| Amounts payable within one year | 42/48 | €3,575 | €3,755 | +€180 | +5.0% |
| Trade debts | 44 | €3,314 | €3,220 | -€94 | -2.8% |
| Suppliers | 440/4 | €3,314 | €3,220 | -€94 | -2.8% |
| Taxes, remuneration and social security | 45 | €262 | €536 | +€274 | +104.8% |
| Taxes | 450/3 | €262 | €536 | +€274 | +104.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,228 | €35,155 | +€927 | +2.7% |
| Other operating charges | 640/8 | €7,341 | €9,632 | +€2,291 | +31.2% |
| Gross operating margin | 9900 | €23,140 | €34,963 | +€11,823 | +51.1% |
| Operating profit (loss) | 9901 | -€18,429 | -€9,824 | +€8,605 | +46.7% |
| Financial income | 75/76B | €1,621 | €1,831 | +€209 | +12.9% |
| Recurring financial income | 75 | €1,621 | €1,831 | +€209 | +12.9% |
| Financial charges | 65/66B | €289 | €92 | -€197 | -68.3% |
| Recurring financial charges | 65 | €289 | €92 | -€197 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,097 | -€8,085 | +€9,012 | +52.7% |
| Income taxes | 67/77 | €59 | €75 | +€16 | +26.3% |
| Profit (loss) for the period | 9904 | -€17,156 | -€8,160 | +€8,996 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,156 | -€8,160 | +€8,996 | +52.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.