Hircum: 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.
Hircum
Largest movements
- Stocks and contracts +€47,192
up €47,192 (+31.1%), from €151,635 to €198,827
- Cash -€13,459
down €13,459 (-57.5%), from €23,419 to €9,960
mainly Net result for the year (-€47,254) and Stocks and contracts (-€47,192)
- Deferred charges and accrued income -€11,964
down €11,964 (-46.2%), from €25,922 to €13,958
- Tangible fixed assets -€6,092
down €6,092 (-15.0%), from €40,684 to €34,592
of which Land and buildings: -€4,505
- Receivables within one year -€4,802
down €4,802 (-26.5%), from €18,094 to €13,292
of which Trade receivables: -€6,050
- Other debts +€50,934
up €50,934 (+42.5%), from €119,744 to €170,678
- Profit (loss) carried forward -€47,254
down €47,254 (-91.7%), from €51,514 to €4,261
- Trade debts +€7,195
up €7,195 (+695.1%), from €1,035 to €8,230
- Gross operating margin -€20,287
down €20,287 (-124.7%), from -€16,265 to -€36,553
- Depreciation -€630
down €630 (-9.4%), from €6,722 to €6,092
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 | €259,753 | €270,628 | +€10,875 | +4.2% |
| Fixed assets | 21/28 | €40,684 | €34,592 | -€6,092 | -15.0% |
| Tangible fixed assets | 22/27 | €40,684 | €34,592 | -€6,092 | -15.0% |
| Land and buildings | 22 | €36,246 | €31,741 | -€4,505 | -12.4% |
| Furniture and vehicles | 24 | €4,438 | €2,851 | -€1,587 | -35.8% |
| Current assets | 29/58 | €219,069 | €236,036 | +€16,967 | +7.7% |
| Stocks and contracts in progress | 3 | €151,635 | €198,827 | +€47,192 | +31.1% |
| Stocks | 30/36 | €151,635 | €198,827 | +€47,192 | +31.1% |
| Amounts receivable within one year | 40/41 | €18,094 | €13,292 | -€4,802 | -26.5% |
| Trade receivables | 40 | €6,050 | - | -€6,050 | |
| Other amounts receivable | 41 | €12,044 | €13,292 | +€1,248 | +10.4% |
| Cash at bank and in hand | 54/58 | €23,419 | €9,960 | -€13,459 | -57.5% |
| Deferred charges and accrued income | 490/1 | €25,922 | €13,958 | -€11,964 | -46.2% |
| Total equity and liabilities | 10/49 | €259,753 | €270,628 | +€10,875 | +4.2% |
| Equity | 10/15 | €138,974 | €91,721 | -€47,254 | -34.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,860 | €68,860 | = | 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% |
| Distributable reserves | 133 | €67,000 | €67,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,514 | €4,261 | -€47,254 | -91.7% |
| Amounts payable | 17/49 | €120,779 | €178,907 | +€58,129 | +48.1% |
| Amounts payable within one year | 42/48 | €120,779 | €178,907 | +€58,129 | +48.1% |
| Trade debts | 44 | €1,035 | €8,230 | +€7,195 | +695.1% |
| Suppliers | 440/4 | €1,035 | €8,230 | +€7,195 | +695.1% |
| Other amounts payable | 47/48 | €119,744 | €170,678 | +€50,934 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,722 | €6,092 | -€630 | -9.4% |
| Other operating charges | 640/8 | €4,186 | €4,539 | +€353 | +8.4% |
| Gross operating margin | 9900 | -€16,265 | -€36,553 | -€20,287 | -124.7% |
| Operating profit (loss) | 9901 | -€27,173 | -€47,183 | -€20,010 | -73.6% |
| Financial charges | 65/66B | €87 | €70 | -€17 | -19.1% |
| Recurring financial charges | 65 | €87 | €70 | -€17 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€27,260 | -€47,254 | -€19,993 | -73.3% |
| Profit (loss) for the period | 9904 | -€27,260 | -€47,254 | -€19,993 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,260 | -€47,254 | -€19,993 | -73.3% |
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.