HIPPOCRATES: 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.
What changed
HIPPOCRATES
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€55,542
2024 · -€57,388+€1,846
Equity
€264,142
2024 · €319,684-€55,542
Cash
€821
2024 · €834-€13
Balance sheet total
€2.4m
2024 · €2.5m-€86,836
Largest movements
Assets
- Tangible fixed assets -€86,823
down €86,823 (-3.5%), from €2.5m to €2.4m
of which Land and buildings: -€83,912
Equity and liabilities
- Profit (loss) carried forward -€55,542
down €55,542 (-20.9%), from -€265,985 to -€321,527
Income statement
- Gross operating margin +€3,808
up €3,808 (+6.7%), from €57,159 to €60,967
- Depreciation +€1,873
up €1,873 (+2.0%), from €93,108 to €94,981
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.
Result 2024
-€57,388
Gross operating margin
+€3,808
Depreciation
-€1,873
Other operating charges
-€417
Financial income
+€9
Financial charges
+€333
Taxes
-€15
Result 2025
-€55,542
raises the resultlowers the result
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.
From operations
+€28,138
Investment
-€8,159
Financing
-€19,993
Cash 2024
€834
From operations (derived)
+€28,138
Net result for the year
-€55,542
Depreciation
+€94,981
Trade debts
+€3,706
Tax, wage and social debts
-€353
Other debts
-€14,654
Investment (derived)
-€8,159
Investment in fixed assets (net)
-€8,159
Financing
-€19,993
Debts after one year
-€20,340
Current portion of long-term debt
+€347
Cash 2025
€821
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,454,057 | €2,367,221 | -€86,836 | -3.5% |
| Fixed assets | 21/28 | €2,453,222 | €2,366,400 | -€86,823 | -3.5% |
| Tangible fixed assets | 22/27 | €2,453,208 | €2,366,385 | -€86,823 | -3.5% |
| Land and buildings | 22 | €2,416,299 | €2,332,387 | -€83,912 | -3.5% |
| Plant, machinery and equipment | 23 | €298 | - | -€298 | |
| Furniture and vehicles | 24 | €36,611 | €33,997 | -€2,613 | -7.1% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €834 | €821 | -€13 | -1.6% |
| Cash at bank and in hand | 54/58 | €834 | €821 | -€13 | -1.6% |
| Total equity and liabilities | 10/49 | €2,454,057 | €2,367,221 | -€86,836 | -3.5% |
| Equity | 10/15 | €319,684 | €264,142 | -€55,542 | -17.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €61,500 | €61,500 | = | 0.0% |
| Other | 1109/19 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €524,170 | €524,170 | = | 0.0% |
| Distributable reserves | 133 | €524,170 | €524,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€265,985 | -€321,527 | -€55,542 | -20.9% |
| Amounts payable | 17/49 | €2,134,372 | €2,103,079 | -€31,294 | -1.5% |
| Amounts payable after more than one year | 17 | €329,962 | €309,622 | -€20,340 | -6.2% |
| Financial debts | 170/4 | €329,962 | €309,622 | -€20,340 | -6.2% |
| Amounts payable within one year | 42/48 | €1,804,410 | €1,793,456 | -€10,954 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €19,993 | €20,340 | +€347 | +1.7% |
| Trade debts | 44 | - | €3,706 | +€3,706 | |
| Suppliers | 440/4 | - | €3,706 | +€3,706 | |
| Taxes, remuneration and social security | 45 | €757 | €404 | -€353 | -46.6% |
| Taxes | 450/3 | €757 | €404 | -€353 | -46.6% |
| Other amounts payable | 47/48 | €1,783,660 | €1,769,006 | -€14,654 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,108 | €94,981 | +€1,873 | +2.0% |
| Other operating charges | 640/8 | €13,699 | €14,115 | +€417 | +3.0% |
| Gross operating margin | 9900 | €57,159 | €60,967 | +€3,808 | +6.7% |
| Operating profit (loss) | 9901 | -€49,648 | -€48,129 | +€1,518 | +3.1% |
| Financial income | 75/76B | €1 | €10 | +€9 | +1,754% |
| Recurring financial income | 75 | €1 | €10 | +€9 | +1,754% |
| Financial charges | 65/66B | €7,351 | €7,018 | -€333 | -4.5% |
| Recurring financial charges | 65 | €7,351 | €7,018 | -€333 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€56,998 | -€55,138 | +€1,861 | +3.3% |
| Income taxes | 67/77 | €389 | €404 | +€15 | +3.8% |
| Profit (loss) for the period | 9904 | -€57,388 | -€55,542 | +€1,846 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,388 | -€55,542 | +€1,846 | +3.2% |
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 14 October 2026 via checked.be.