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
- Current investments +€80,000
up €80,000 (+44.4%), from €180,000 to €260,000
- Cash +€24,502
up €24,502 (+45.3%), from €54,133 to €78,635
mainly Other debts (+€97,692) and Net result for the year (+€21,084)
- Receivables within one year +€10,320
up €10,320 (+32.7%), from €31,593 to €41,913
of which Other amounts receivable: +€15,083
- Other debts +€97,692
up €97,692 (+30.7%), from €318,208 to €415,900
- Reserves +€21,084
up €21,084 (+8.1%), from €261,441 to €282,525
of which Distributable reserves: +€21,084
- Gross operating margin +€19,188
up €19,188 (+51.5%), from €37,243 to €56,431
- Staff costs +€10,985
up €10,985 (+56.1%), from €19,578 to €30,564
- Taxes +€4,154
up €4,154 (+111.4%), from €3,728 to €7,881
- Other operating charges -€2,356
down €2,356 (-55.5%), from €4,244 to €1,888
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 | €612,776 | €728,686 | +€115,910 | +18.9% |
| Fixed assets | 21/28 | €347,051 | €347,051 | = | 0.0% |
| Financial fixed assets | 28 | €347,051 | €347,051 | = | 0.0% |
| Current assets | 29/58 | €265,725 | €381,635 | +€115,910 | +43.6% |
| Amounts receivable within one year | 40/41 | €31,593 | €41,913 | +€10,320 | +32.7% |
| Trade receivables | 40 | €27,387 | €22,625 | -€4,763 | -17.4% |
| Other amounts receivable | 41 | €4,205 | €19,288 | +€15,083 | +358.6% |
| Current investments | 50/53 | €180,000 | €260,000 | +€80,000 | +44.4% |
| Cash at bank and in hand | 54/58 | €54,133 | €78,635 | +€24,502 | +45.3% |
| Deferred charges and accrued income | 490/1 | - | €1,088 | +€1,088 | |
| Total equity and liabilities | 10/49 | €612,776 | €728,686 | +€115,910 | +18.9% |
| Equity | 10/15 | €280,033 | €301,117 | +€21,084 | +7.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €261,441 | €282,525 | +€21,084 | +8.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €259,582 | €280,666 | +€21,084 | +8.1% |
| Amounts payable | 17/49 | €332,743 | €427,569 | +€94,826 | +28.5% |
| Amounts payable within one year | 42/48 | €332,743 | €427,569 | +€94,826 | +28.5% |
| Trade debts | 44 | €7,746 | €3,232 | -€4,513 | -58.3% |
| Suppliers | 440/4 | €7,746 | €3,232 | -€4,513 | -58.3% |
| Taxes, remuneration and social security | 45 | €6,790 | €8,437 | +€1,647 | +24.3% |
| Taxes | 450/3 | €4,112 | €4,924 | +€811 | +19.7% |
| Remuneration and social security | 454/9 | €2,677 | €3,513 | +€835 | +31.2% |
| Other amounts payable | 47/48 | €318,208 | €415,900 | +€97,692 | +30.7% |
| Remuneration, social security and pensions | 62 | €19,578 | €30,564 | +€10,985 | +56.1% |
| Other operating charges | 640/8 | €4,244 | €1,888 | -€2,356 | -55.5% |
| Gross operating margin | 9900 | €37,243 | €56,431 | +€19,188 | +51.5% |
| Operating profit (loss) | 9901 | €13,421 | €23,980 | +€10,559 | +78.7% |
| Financial income | 75/76B | €5,116 | €5,589 | +€472 | +9.2% |
| Recurring financial income | 75 | €5,116 | €5,589 | +€472 | +9.2% |
| Financial charges | 65/66B | €640 | €604 | -€36 | -5.6% |
| Recurring financial charges | 65 | €640 | €604 | -€36 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €17,898 | €28,965 | +€11,067 | +61.8% |
| Income taxes | 67/77 | €3,728 | €7,881 | +€4,154 | +111.4% |
| Profit (loss) for the period | 9904 | €14,170 | €21,084 | +€6,914 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,170 | €21,084 | +€6,914 | +48.8% |
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 3 October 2026 via checked.be.