HIRCHA: what changed
Two fiscal 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.
HIRCHA
Largest movements
- Tangible fixed assets -€28,924
down €28,924 (-4.0%), from €726,705 to €697,781
of which Land and buildings: -€22,425
- Debts after one year -€50,228
down €50,228 (-15.6%), from €322,199 to €271,971
- Other debts +€42,204
up €42,204 (+23.0%), from €183,409 to €225,613
- Profit (loss) carried forward -€19,845
new in 2025: -€19,845
- Gross operating margin +€11,650
up €11,650 (+103.3%), from €11,273 to €22,923
- Financial charges +€2,148
up €2,148 (+36.6%), from €5,869 to €8,017
- Depreciation +€322
up €322 (+0.9%), from €34,105 to €34,427
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 | €751,042 | €719,745 | -€31,297 | -4.2% |
| Fixed assets | 21/28 | €726,705 | €697,781 | -€28,924 | -4.0% |
| Tangible fixed assets | 22/27 | €726,705 | €697,781 | -€28,924 | -4.0% |
| Land and buildings | 22 | €719,116 | €696,691 | -€22,425 | -3.1% |
| Plant, machinery and equipment | 23 | €1,701 | €1,090 | -€611 | -35.9% |
| Furniture and vehicles | 24 | €5,888 | - | -€5,888 | |
| Current assets | 29/58 | €24,338 | €21,964 | -€2,373 | -9.8% |
| Amounts receivable within one year | 40/41 | €18,370 | €18,370 | = | 0.0% |
| Other amounts receivable | 41 | €18,370 | €18,370 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,345 | €3 | -€2,341 | -99.9% |
| Deferred charges and accrued income | 490/1 | €3,623 | €3,591 | -€32 | -0.9% |
| Total equity and liabilities | 10/49 | €751,042 | €719,745 | -€31,297 | -4.2% |
| Equity | 10/15 | €207,669 | €185,564 | -€22,105 | -10.6% |
| Contributions | 10/11 | €204,520 | €204,520 | = | 0.0% |
| Reserves | 13 | €3,149 | €889 | -€2,260 | -71.8% |
| Distributable reserves | 133 | €3,149 | €889 | -€2,260 | -71.8% |
| Profit (loss) carried forward | 14 | - | -€19,845 | -€19,845 | |
| Amounts payable | 17/49 | €543,373 | €534,181 | -€9,192 | -1.7% |
| Amounts payable after more than one year | 17 | €322,199 | €271,971 | -€50,228 | -15.6% |
| Financial debts | 170/4 | €322,199 | €271,971 | -€50,228 | -15.6% |
| Amounts payable within one year | 42/48 | €221,174 | €262,210 | +€41,035 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €31,027 | €30,404 | -€623 | -2.0% |
| Financial debts | 43 | €6,122 | €6,193 | +€71 | +1.2% |
| Credit institutions | 430/8 | €6,122 | €6,193 | +€71 | +1.2% |
| Trade debts | 44 | €616 | - | -€616 | |
| Suppliers | 440/4 | €616 | - | -€616 | |
| Other amounts payable | 47/48 | €183,409 | €225,613 | +€42,204 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,105 | €34,427 | +€322 | +0.9% |
| Other operating charges | 640/8 | €2,356 | €2,584 | +€228 | +9.7% |
| Gross operating margin | 9900 | €11,273 | €22,923 | +€11,650 | +103.3% |
| Operating profit (loss) | 9901 | -€25,187 | -€14,088 | +€11,100 | +44.1% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €5,869 | €8,017 | +€2,148 | +36.6% |
| Recurring financial charges | 65 | €5,869 | €8,017 | +€2,148 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | -€31,054 | -€22,105 | +€8,949 | +28.8% |
| Profit (loss) for the period | 9904 | -€31,054 | -€22,105 | +€8,949 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,054 | -€22,105 | +€8,949 | +28.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.