Hippotraktor: what changed
Hippotraktor
Largest movements
- Tangible fixed assets +€15,648
new in 2025: €15,648
- Cash -€6,977
down €6,977 (-43.2%), from €16,151 to €9,173
mainly Investment in fixed assets (net) (-€17,452) and Receivables within one year (-€5,170)
- Receivables within one year +€5,170
up €5,170 (+108%), from €4,792 to €9,962
of which Trade receivables: +€6,658
- Profit (loss) carried forward +€9,313
up €9,313 (+326%), from €2,855 to €12,168
- Debts within one year +€4,527
up €4,527 (+36.8%), from €12,288 to €16,815
of which Trade debts: +€6,174
- Gross operating margin +€7,318
up €7,318 (+166%), from €4,404 to €11,722
- Depreciation +€1,804
new in 2025: €1,804
- Financial charges +€331
up €331 (+158%), from €209 to €540
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,943 | €34,783 | +€13,840 | +66.1% |
| Fixed assets | 21/28 | - | €15,648 | +€15,648 | |
| Tangible fixed assets | 22/27 | - | €15,648 | +€15,648 | |
| Plant, machinery and equipment | 23 | - | €15,648 | +€15,648 | |
| Current assets | 29/58 | €20,943 | €19,135 | -€1,808 | -8.6% |
| Amounts receivable within one year | 40/41 | €4,792 | €9,962 | +€5,170 | +108% |
| Trade receivables | 40 | €2,407 | €9,065 | +€6,658 | +277% |
| Other amounts receivable | 41 | €2,385 | €897 | -€1,488 | -62.4% |
| Cash at bank and in hand | 54/58 | €16,151 | €9,173 | -€6,977 | -43.2% |
| Total equity and liabilities | 10/49 | €20,943 | €34,783 | +€13,840 | +66.1% |
| Equity | 10/15 | €2,855 | €12,168 | +€9,313 | +326% |
| Profit (loss) carried forward | 14 | €2,855 | €12,168 | +€9,313 | +326% |
| Amounts payable | 17/49 | €18,088 | €22,615 | +€4,527 | +25.0% |
| Amounts payable within one year | 42/48 | €12,288 | €16,815 | +€4,527 | +36.8% |
| Trade debts | 44 | €786 | €6,960 | +€6,174 | +786% |
| Suppliers | 440/4 | €786 | €6,960 | +€6,174 | +786% |
| Advances received on contracts in progress | 46 | €7,683 | - | -€7,683 | |
| Taxes, remuneration and social security | 45 | - | €1,750 | +€1,750 | |
| Taxes | 450/3 | - | €1,750 | +€1,750 | |
| Accrued charges and deferred income | 492/3 | €5,800 | €5,800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,804 | +€1,804 | |
| Other operating charges | 640/8 | €158 | €66 | -€92 | -58.4% |
| Gross operating margin | 9900 | €4,404 | €11,722 | +€7,318 | +166% |
| Operating profit (loss) | 9901 | €4,246 | €9,853 | +€5,607 | +132% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €209 | €540 | +€331 | +158% |
| Recurring financial charges | 65 | €209 | €540 | +€331 | +158% |
| Profit (loss) for the period before taxes | 9903 | €4,038 | €9,313 | +€5,275 | +131% |
| Profit (loss) for the period | 9904 | €4,038 | €9,313 | +€5,275 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €4,038 | €9,313 | +€5,275 | +131% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.