HIPTRAY: 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.
HIPTRAY
Largest movements
- Receivables within one year +€3,787
up €3,787 (+79.2%), from €4,782 to €8,569
of which Other amounts receivable: +€4,757
- Cash -€754
down €754 (-67.9%), from €1,110 to €356
mainly Other debts (-€24,494) and Receivables within one year (-€3,787)
- Stocks and contracts +€552
up €552 (+6.8%), from €8,121 to €8,673
- Other debts -€24,494
down €24,494 (-100.0%), from €24,494 to €0
- Profit (loss) carried forward +€13,700
up €13,700 (+11.6%), from -€118,555 to -€104,856
- Advances received +€10,091
new in 2025: €10,091
- Current portion of long-term debt +€5,502
up €5,502 (+80.0%), from €6,875 to €12,377
- Tax, wage and social debts -€1,561
down €1,561 (-26.0%), from €6,001 to €4,440
- Gross operating margin +€19,481
up €19,481 (+3936.1%), from €495 to €19,976
- Depreciation -€1,305
down €1,305 (-91.2%), from €1,430 to €125
- Financial charges +€1,248
up €1,248 (+32.2%), from €3,875 to €5,123
- Other operating charges +€401
up €401 (+75.4%), from €531 to €932
- Write-downs +€286
new in 2025: €286
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 | €14,539 | €18,032 | +€3,494 | +24.0% |
| Fixed assets | 21/28 | €395 | €270 | -€125 | -31.7% |
| Intangible fixed assets | 21 | €125 | €0 | -€125 | -100.0% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €14,143 | €17,762 | +€3,619 | +25.6% |
| Stocks and contracts in progress | 3 | €8,121 | €8,673 | +€552 | +6.8% |
| Stocks | 30/36 | €8,121 | €8,673 | +€552 | +6.8% |
| Amounts receivable within one year | 40/41 | €4,782 | €8,569 | +€3,787 | +79.2% |
| Trade receivables | 40 | €4,423 | €3,453 | -€970 | -21.9% |
| Other amounts receivable | 41 | €359 | €5,116 | +€4,757 | +1324.3% |
| Cash at bank and in hand | 54/58 | €1,110 | €356 | -€754 | -67.9% |
| Deferred charges and accrued income | 490/1 | €131 | €165 | +€34 | +25.8% |
| Total equity and liabilities | 10/49 | €14,539 | €18,032 | +€3,494 | +24.0% |
| Equity | 10/15 | -€99,955 | -€86,256 | +€13,700 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,555 | -€104,856 | +€13,700 | +11.6% |
| Amounts payable | 17/49 | €114,494 | €104,288 | -€10,206 | -8.9% |
| Amounts payable after more than one year | 17 | €34,762 | €34,762 | = | 0.0% |
| Financial debts | 170/4 | €34,762 | €34,762 | = | 0.0% |
| Amounts payable within one year | 42/48 | €79,732 | €69,526 | -€10,206 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €6,875 | €12,377 | +€5,502 | +80.0% |
| Trade debts | 44 | €42,362 | €42,619 | +€257 | +0.6% |
| Suppliers | 440/4 | €42,362 | €42,619 | +€257 | +0.6% |
| Advances received on contracts in progress | 46 | - | €10,091 | +€10,091 | |
| Taxes, remuneration and social security | 45 | €6,001 | €4,440 | -€1,561 | -26.0% |
| Taxes | 450/3 | €6,001 | €4,440 | -€1,561 | -26.0% |
| Other amounts payable | 47/48 | €24,494 | €0 | -€24,494 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €745 | €0 | -€745 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,430 | €125 | -€1,305 | -91.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €286 | +€286 | |
| Other operating charges | 640/8 | €531 | €932 | +€401 | +75.4% |
| Gross operating margin | 9900 | €495 | €19,976 | +€19,481 | +3936.1% |
| Operating profit (loss) | 9901 | -€1,466 | €18,633 | +€20,099 | |
| Financial income | 75/76B | €19 | €190 | +€170 | +876.4% |
| Recurring financial income | 75 | €19 | €190 | +€170 | +876.4% |
| Financial charges | 65/66B | €3,875 | €5,123 | +€1,248 | +32.2% |
| Recurring financial charges | 65 | €3,875 | €5,123 | +€1,248 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,322 | €13,700 | +€19,022 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€5,322 | €13,700 | +€19,022 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,322 | €13,700 | +€19,022 |
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 10 October 2026 via checked.be.