HIPPODAL: 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.
HIPPODAL
Largest movements
- Tangible fixed assets +€24,573
up €24,573 (+20.8%), from €118,347 to €142,920
- Cash -€1,926
down €1,926 (-5.3%), from €36,360 to €34,433
mainly Investment in fixed assets (net) (-€32,313) and Accrued charges and deferred income (-€2,742)
- Revaluation surpluses +€24,763
up €24,763 (+32.0%), from €77,324 to €102,087
- Accrued charges and deferred income -€2,742
down €2,742 (-99.2%), from €2,763 to €21
- Reserves +€1,990
up €1,990 (+12.5%), from €15,917 to €17,906
- Gross operating margin -€2,530
down €2,530 (-18.9%), from €13,419 to €10,888
- Other operating charges -€493
down €493 (-22.2%), from €2,221 to €1,728
- Taxes -€241
down €241 (-15.3%), from €1,574 to €1,333
- Depreciation -€201
down €201 (-2.5%), from €7,940 to €7,739
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 | €154,707 | €177,353 | +€22,647 | +14.6% |
| Fixed assets | 21/28 | €118,347 | €142,920 | +€24,573 | +20.8% |
| Tangible fixed assets | 22/27 | €118,347 | €142,920 | +€24,573 | +20.8% |
| Land and buildings | 22 | €118,347 | €142,920 | +€24,573 | +20.8% |
| Current assets | 29/58 | €36,360 | €34,433 | -€1,926 | -5.3% |
| Cash at bank and in hand | 54/58 | €36,360 | €34,433 | -€1,926 | -5.3% |
| Total equity and liabilities | 10/49 | €154,707 | €177,353 | +€22,647 | +14.6% |
| Equity | 10/15 | €150,545 | €177,332 | +€26,788 | +17.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €77,324 | €102,087 | +€24,763 | +32.0% |
| Reserves | 13 | €15,917 | €17,906 | +€1,990 | +12.5% |
| Distributable reserves | 133 | €15,917 | €17,906 | +€1,990 | +12.5% |
| Profit (loss) carried forward | 14 | -€4,696 | -€4,661 | +€35 | +0.7% |
| Amounts payable | 17/49 | €4,162 | €21 | -€4,141 | -99.5% |
| Amounts payable within one year | 42/48 | €1,399 | - | -€1,399 | |
| Trade debts | 44 | €1,399 | - | -€1,399 | |
| Suppliers | 440/4 | €1,399 | - | -€1,399 | |
| Accrued charges and deferred income | 492/3 | €2,763 | €21 | -€2,742 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,940 | €7,739 | -€201 | -2.5% |
| Other operating charges | 640/8 | €2,221 | €1,728 | -€493 | -22.2% |
| Gross operating margin | 9900 | €13,419 | €10,888 | -€2,530 | -18.9% |
| Operating profit (loss) | 9901 | €3,258 | €1,422 | -€1,836 | -56.4% |
| Financial charges | 65/66B | €38 | €54 | +€16 | +43.6% |
| Recurring financial charges | 65 | €38 | €54 | +€16 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €3,221 | €1,368 | -€1,853 | -57.5% |
| Income taxes | 67/77 | €1,574 | €1,333 | -€241 | -15.3% |
| Profit (loss) for the period | 9904 | €1,646 | €35 | -€1,612 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,646 | €35 | -€1,612 | -97.9% |
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 11 October 2026 via checked.be.