HIRAM: 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.
HIRAM
Largest movements
- Cash -€20,762
down €20,762 (-43.3%), from €47,967 to €27,205
mainly Receivables within one year (-€14,831) and Net result for the year (-€10,234)
- Receivables within one year +€14,831
up €14,831 (+650.5%), from €2,280 to €17,110
of which Trade receivables: +€14,907
- Deferred charges and accrued income -€810
down €810 (-30.3%), from €2,671 to €1,862
- Profit (loss) carried forward -€10,234
down €10,234 (-64.3%), from €15,922 to €5,688
- Trade debts +€9,665
up €9,665 (+113.9%), from €8,488 to €18,153
- Tax, wage and social debts -€5,211
down €5,211 (-48.5%), from €10,741 to €5,530
of which Remuneration and social security: -€5,009
- Gross operating margin +€14,718
up €14,718 (+105.8%), from €13,908 to €28,626
- Turnover +€10,302
up €10,302 (+22.8%), from €45,224 to €55,527
- Purchases and services -€10,148
down €10,148 (-26.1%), from €38,891 to €28,743
- Staff costs -€6,716
down €6,716 (-15.2%), from €44,151 to €37,435
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 | €58,312 | €52,152 | -€6,160 | -10.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,394 | €5,976 | +€581 | +10.8% |
| Tangible fixed assets | 22/27 | €5,213 | €5,795 | +€581 | +11.1% |
| Plant, machinery and equipment | 23 | €993 | €288 | -€705 | -71.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €4,220 | €5,507 | +€1,287 | +30.5% |
| Financial fixed assets | 28 | €181 | €181 | = | 0.0% |
| Current assets | 29/58 | €52,918 | €46,177 | -€6,741 | -12.7% |
| Amounts receivable within one year | 40/41 | €2,280 | €17,110 | +€14,831 | +650.5% |
| Trade receivables | 40 | €150 | €15,058 | +€14,907 | +9921.1% |
| Other amounts receivable | 41 | €2,129 | €2,053 | -€77 | -3.6% |
| Cash at bank and in hand | 54/58 | €47,967 | €27,205 | -€20,762 | -43.3% |
| Deferred charges and accrued income | 490/1 | €2,671 | €1,862 | -€810 | -30.3% |
| Total equity and liabilities | 10/49 | €58,312 | €52,152 | -€6,160 | -10.6% |
| Equity | 10/15 | €36,382 | €26,148 | -€10,234 | -28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,922 | €5,688 | -€10,234 | -64.3% |
| Amounts payable | 17/49 | €21,931 | €26,004 | +€4,073 | +18.6% |
| Amounts payable within one year | 42/48 | €21,931 | €26,004 | +€4,073 | +18.6% |
| Trade debts | 44 | €8,488 | €18,153 | +€9,665 | +113.9% |
| Suppliers | 440/4 | €8,488 | €18,153 | +€9,665 | +113.9% |
| Taxes, remuneration and social security | 45 | €10,741 | €5,530 | -€5,211 | -48.5% |
| Taxes | 450/3 | €334 | €132 | -€202 | -60.5% |
| Remuneration and social security | 454/9 | €10,407 | €5,398 | -€5,009 | -48.1% |
| Other amounts payable | 47/48 | €2,702 | €2,321 | -€381 | -14.1% |
| Turnover | 70 | €45,224 | €55,527 | +€10,302 | +22.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €38,891 | €28,743 | -€10,148 | -26.1% |
| Remuneration, social security and pensions | 62 | €44,151 | €37,435 | -€6,716 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €705 | €822 | +€117 | +16.6% |
| Other operating charges | 640/8 | €1,029 | €892 | -€137 | -13.3% |
| Gross operating margin | 9900 | €13,908 | €28,626 | +€14,718 | +105.8% |
| Operating profit (loss) | 9901 | -€31,977 | -€10,523 | +€21,454 | +67.1% |
| Financial income | 75/76B | €298 | €675 | +€377 | +126.3% |
| Recurring financial income | 75 | €298 | €675 | +€377 | +126.3% |
| Financial charges | 65/66B | €180 | €180 | -€0 | -0.1% |
| Recurring financial charges | 65 | €180 | €180 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,859 | -€10,028 | +€21,831 | +68.5% |
| Income taxes | 67/77 | €293 | €206 | -€87 | -29.8% |
| Profit (loss) for the period | 9904 | -€32,152 | -€10,234 | +€21,919 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,152 | -€10,234 | +€21,919 | +68.2% |
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 12 October 2026 via checked.be.