HIPPOCRATE: 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.
HIPPOCRATE
Largest movements
- Cash +€139,066
up €139,066 (+108%), from €128,536 to €267,602
mainly Current investments (+€126,888) and Other debts (+€122,764)
- Current investments -€126,888
down €126,888 (-39.7%), from €320,000 to €193,112
- Tangible fixed assets -€15,312
down €15,312 (-11.3%), from €135,902 to €120,590
of which Furniture and vehicles: -€7,726
- Receivables within one year -€8,517
down €8,517 (-91.6%), from €9,300 to €783
- Reserves -€139,000
down €139,000 (-43.8%), from €317,000 to €178,000
- Other debts +€122,764
up €122,764 (+103%), from €118,642 to €241,406
- Gross operating margin +€31,978
up €31,978 (+24.7%), from €129,616 to €161,594
- Taxes +€11,110
up €11,110 (+31.0%), from €35,847 to €46,957
- Financial income -€7,616
down €7,616 (-94.2%), from €8,082 to €466
- Depreciation +€6,216
up €6,216 (+55.4%), from €11,225 to €17,441
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 | €594,138 | €582,487 | -€11,651 | -2.0% |
| Fixed assets | 21/28 | €136,302 | €120,990 | -€15,312 | -11.2% |
| Tangible fixed assets | 22/27 | €135,902 | €120,590 | -€15,312 | -11.3% |
| Land and buildings | 22 | €74,166 | €70,431 | -€3,735 | -5.0% |
| Plant, machinery and equipment | 23 | €3,207 | €2,345 | -€862 | -26.9% |
| Furniture and vehicles | 24 | €34,742 | €27,016 | -€7,726 | -22.2% |
| Other tangible fixed assets | 26 | €23,787 | €20,798 | -€2,988 | -12.6% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €457,836 | €461,497 | +€3,660 | +0.8% |
| Amounts receivable within one year | 40/41 | €9,300 | €783 | -€8,517 | -91.6% |
| Other amounts receivable | 41 | €9,300 | €783 | -€8,517 | -91.6% |
| Current investments | 50/53 | €320,000 | €193,112 | -€126,888 | -39.7% |
| Cash at bank and in hand | 54/58 | €128,536 | €267,602 | +€139,066 | +108% |
| Total equity and liabilities | 10/49 | €594,138 | €582,487 | -€11,651 | -2.0% |
| Equity | 10/15 | €459,450 | €320,724 | -€138,727 | -30.2% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €317,000 | €178,000 | -€139,000 | -43.8% |
| Distributable reserves | 133 | €317,000 | €178,000 | -€139,000 | -43.8% |
| Profit (loss) carried forward | 14 | €128,190 | €128,464 | +€273 | +0.2% |
| Amounts payable | 17/49 | €134,688 | €261,763 | +€127,075 | +94.3% |
| Amounts payable within one year | 42/48 | €134,688 | €261,763 | +€127,075 | +94.3% |
| Trade debts | 44 | €4,361 | €3,558 | -€803 | -18.4% |
| Suppliers | 440/4 | €4,361 | €3,558 | -€803 | -18.4% |
| Taxes, remuneration and social security | 45 | €11,685 | €16,800 | +€5,115 | +43.8% |
| Taxes | 450/3 | €8,500 | €16,800 | +€8,300 | +97.6% |
| Remuneration and social security | 454/9 | €3,185 | - | -€3,185 | |
| Other amounts payable | 47/48 | €118,642 | €241,406 | +€122,764 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,225 | €17,441 | +€6,216 | +55.4% |
| Other operating charges | 640/8 | €4,975 | €4,094 | -€881 | -17.7% |
| Gross operating margin | 9900 | €129,616 | €161,594 | +€31,978 | +24.7% |
| Operating profit (loss) | 9901 | €113,416 | €140,058 | +€26,643 | +23.5% |
| Financial income | 75/76B | €8,082 | €466 | -€7,616 | -94.2% |
| Recurring financial income | 75 | €8,082 | €466 | -€7,616 | -94.2% |
| Financial charges | 65/66B | €269 | €294 | +€25 | +9.4% |
| Recurring financial charges | 65 | €269 | €294 | +€25 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €121,228 | €140,230 | +€19,002 | +15.7% |
| Income taxes | 67/77 | €35,847 | €46,957 | +€11,110 | +31.0% |
| Profit (loss) for the period | 9904 | €85,381 | €93,273 | +€7,892 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,381 | €93,273 | +€7,892 | +9.2% |
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 15 October 2026 via checked.be.