HIPPOO: 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.
HIPPOO
Largest movements
- Cash -€190,762
down €190,762 (-55.0%), from €346,979 to €156,218
mainly Contributions, distributions and other (-€349,444) and Current investments (-€175,200)
- Current investments +€175,200
new in 2025: €175,200
- Stocks and contracts +€54,116
up €54,116 (+13.2%), from €411,202 to €465,318
- Receivables within one year -€38,614
down €38,614 (-39.0%), from €99,064 to €60,450
of which Other amounts receivable: -€43,668
- Tangible fixed assets -€36,626
down €36,626 (-20.2%), from €181,634 to €145,007
of which Furniture and vehicles: -€28,367
- Reserves -€199,275
down €199,275 (-25.2%), from €791,657 to €592,382
- Other debts +€149,726
new in 2025: €149,726
- Trade debts +€29,816
up €29,816 (+33.8%), from €88,287 to €118,103
- Debts after one year -€18,564
down €18,564 (-23.9%), from €77,698 to €59,134
- Staff costs +€20,470
up €20,470 (+7.1%), from €287,762 to €308,232
- Gross operating margin +€14,931
up €14,931 (+2.5%), from €590,042 to €604,973
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,328,733 | €1,274,454 | -€54,279 | -4.1% |
| Fixed assets | 21/28 | €183,479 | €146,852 | -€36,626 | -20.0% |
| Tangible fixed assets | 22/27 | €181,634 | €145,007 | -€36,626 | -20.2% |
| Land and buildings | 22 | €60,063 | €54,324 | -€5,740 | -9.6% |
| Plant, machinery and equipment | 23 | €14,557 | €12,037 | -€2,520 | -17.3% |
| Furniture and vehicles | 24 | €107,014 | €78,647 | -€28,367 | -26.5% |
| Financial fixed assets | 28 | €1,845 | €1,845 | = | 0.0% |
| Current assets | 29/58 | €1,145,254 | €1,127,602 | -€17,652 | -1.5% |
| Amounts receivable after more than one year | 29 | €282,504 | €267,256 | -€15,248 | -5.4% |
| Other amounts receivable | 291 | €282,504 | €267,256 | -€15,248 | -5.4% |
| Stocks and contracts in progress | 3 | €411,202 | €465,318 | +€54,116 | +13.2% |
| Stocks | 30/36 | €411,202 | €465,318 | +€54,116 | +13.2% |
| Amounts receivable within one year | 40/41 | €99,064 | €60,450 | -€38,614 | -39.0% |
| Trade receivables | 40 | €38,779 | €43,833 | +€5,054 | +13.0% |
| Other amounts receivable | 41 | €60,285 | €16,617 | -€43,668 | -72.4% |
| Current investments | 50/53 | - | €175,200 | +€175,200 | |
| Cash at bank and in hand | 54/58 | €346,979 | €156,218 | -€190,762 | -55.0% |
| Deferred charges and accrued income | 490/1 | €5,505 | €3,160 | -€2,345 | -42.6% |
| Total equity and liabilities | 10/49 | €1,328,733 | €1,274,454 | -€54,279 | -4.1% |
| Equity | 10/15 | €798,057 | €598,782 | -€199,275 | -25.0% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €791,657 | €592,382 | -€199,275 | -25.2% |
| Distributable reserves | 133 | €791,657 | €592,382 | -€199,275 | -25.2% |
| Amounts payable | 17/49 | €530,675 | €675,672 | +€144,997 | +27.3% |
| Amounts payable after more than one year | 17 | €77,698 | €59,134 | -€18,564 | -23.9% |
| Financial debts | 170/4 | €77,698 | €59,134 | -€18,564 | -23.9% |
| Amounts payable within one year | 42/48 | €452,977 | €616,538 | +€163,561 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €36,260 | €30,010 | -€6,251 | -17.2% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Other loans | 439 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €88,287 | €118,103 | +€29,816 | +33.8% |
| Suppliers | 440/4 | €88,287 | €118,103 | +€29,816 | +33.8% |
| Taxes, remuneration and social security | 45 | €128,429 | €118,699 | -€9,730 | -7.6% |
| Taxes | 450/3 | €81,039 | €70,289 | -€10,750 | -13.3% |
| Remuneration and social security | 454/9 | €47,390 | €48,410 | +€1,019 | +2.2% |
| Other amounts payable | 47/48 | - | €149,726 | +€149,726 | |
| Non-recurring operating income | 76A | - | €151 | +€151 | |
| Remuneration, social security and pensions | 62 | €287,762 | €308,232 | +€20,470 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,371 | €50,779 | +€3,408 | +7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,255 | €6,613 | +€357 | +5.7% |
| Other operating charges | 640/8 | €4,406 | €4,388 | -€17 | -0.4% |
| Non-recurring operating charges | 66A | - | €976 | +€976 | |
| Gross operating margin | 9900 | €590,042 | €604,973 | +€14,931 | +2.5% |
| Operating profit (loss) | 9901 | €244,248 | €233,985 | -€10,264 | -4.2% |
| Financial income | 75/76B | €4,338 | €9,351 | +€5,013 | +116% |
| Recurring financial income | 75 | €4,338 | €9,351 | +€5,013 | +116% |
| Financial charges | 65/66B | €27,686 | €27,421 | -€265 | -1.0% |
| Recurring financial charges | 65 | €27,686 | €27,421 | -€265 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €220,901 | €215,916 | -€4,985 | -2.3% |
| Income taxes | 67/77 | €67,419 | €65,747 | -€1,672 | -2.5% |
| Profit (loss) for the period | 9904 | €153,482 | €150,169 | -€3,313 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €153,482 | €150,169 | -€3,313 | -2.2% |
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.