Hiraiwa: 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.
Hiraiwa
Largest movements
- Intangible fixed assets -€24,032
down €24,032 (-25.5%), from €94,106 to €70,074
- Cash -€13,466
down €13,466 (-88.4%), from €15,235 to €1,769
mainly Net result for the year (-€54,912) and Trade debts (-€6,619)
- Tangible fixed assets -€1,362
no longer reported in 2025 (was €1,362)
- Profit (loss) carried forward -€54,912
down €54,912 (-156%), from -€35,260 to -€90,172
- Other debts +€18,840
up €18,840 (+112%), from €16,770 to €35,610
- Contributions +€7,088
up €7,088 (+5.9%), from €120,050 to €127,138
- Trade debts -€6,619
down €6,619 (-95.0%), from €6,970 to €351
- Tax, wage and social debts -€2,100
no longer reported in 2025 (was €2,100)
- Purchases and services +€55,081
new in 2025: €55,081
- Gross operating margin -€9,977
down €9,977 (-40.9%), from -€24,392 to -€34,369
- Depreciation +€8,920
up €8,920 (+80.2%), from €11,120 to €20,040
- Other operating charges +€672
new in 2025: €672
- Financial income +€387
up €387 (+59.3%), from €653 to €1,040
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,390 | €79,687 | -€38,703 | -32.7% |
| Fixed assets | 21/28 | €95,468 | €70,074 | -€25,394 | -26.6% |
| Intangible fixed assets | 21 | €94,106 | €70,074 | -€24,032 | -25.5% |
| Tangible fixed assets | 22/27 | €1,362 | - | -€1,362 | |
| Furniture and vehicles | 24 | €1,362 | - | -€1,362 | |
| Current assets | 29/58 | €22,922 | €9,613 | -€13,309 | -58.1% |
| Amounts receivable within one year | 40/41 | €7,287 | €7,844 | +€557 | +7.6% |
| Other amounts receivable | 41 | €7,287 | €7,844 | +€557 | +7.6% |
| Cash at bank and in hand | 54/58 | €15,235 | €1,769 | -€13,466 | -88.4% |
| Deferred charges and accrued income | 490/1 | €400 | - | -€400 | |
| Total equity and liabilities | 10/49 | €118,390 | €79,687 | -€38,703 | -32.7% |
| Equity | 10/15 | €91,550 | €43,726 | -€47,824 | -52.2% |
| Contributions | 10/11 | €120,050 | €127,138 | +€7,088 | +5.9% |
| Reserves | 13 | €6,760 | €6,760 | = | 0.0% |
| Distributable reserves | 133 | €6,760 | €6,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,260 | -€90,172 | -€54,912 | -156% |
| Amounts payable | 17/49 | €26,840 | €35,961 | +€9,121 | +34.0% |
| Amounts payable within one year | 42/48 | €26,840 | €35,961 | +€9,121 | +34.0% |
| Trade debts | 44 | €6,970 | €351 | -€6,619 | -95.0% |
| Suppliers | 440/4 | €6,970 | €351 | -€6,619 | -95.0% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €2,100 | - | -€2,100 | |
| Taxes | 450/3 | €2,100 | - | -€2,100 | |
| Other amounts payable | 47/48 | €16,770 | €35,610 | +€18,840 | +112% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €55,081 | +€55,081 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,120 | €20,040 | +€8,920 | +80.2% |
| Other operating charges | 640/8 | - | €672 | +€672 | |
| Gross operating margin | 9900 | -€24,392 | -€34,369 | -€9,977 | -40.9% |
| Operating profit (loss) | 9901 | -€35,512 | -€55,081 | -€19,569 | -55.1% |
| Financial income | 75/76B | €653 | €1,040 | +€387 | +59.3% |
| Recurring financial income | 75 | €653 | €1,040 | +€387 | +59.3% |
| Financial charges | 65/66B | €401 | €652 | +€251 | +62.6% |
| Recurring financial charges | 65 | €401 | €652 | +€251 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | -€35,260 | -€54,693 | -€19,433 | -55.1% |
| Income taxes | 67/77 | - | €219 | +€219 | |
| Profit (loss) for the period | 9904 | -€35,260 | -€54,912 | -€19,652 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,260 | -€54,912 | -€19,652 | -55.7% |
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 28 October 2026 via checked.be.