HIREM: 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.
HIREM
Largest movements
- Stocks and contracts -€23,140
down €23,140 (-51.1%), from €45,266 to €22,125
- Receivables within one year -€9,036
down €9,036 (-34.1%), from €26,523 to €17,487
of which Other amounts receivable: -€8,988
- Intangible fixed assets -€7,333
no longer reported in 2025 (was €7,333)
- Tangible fixed assets -€6,800
down €6,800 (-33.3%), from €20,400 to €13,600
- Cash -€3,098
down €3,098 (-55.6%), from €5,567 to €2,470
mainly Net result for the year (-€102,343) and Debts after one year (-€8,718)
- Profit (loss) carried forward -€102,343
down €102,343, from €22,915 to -€79,428
- Trade debts +€58,023
up €58,023 (+1792.1%), from €3,238 to €61,260
- Debts after one year -€8,718
down €8,718 (-48.6%), from €17,924 to €9,206
- Other debts +€7,407
new in 2025: €7,407
- Short-term financial debts -€4,238
down €4,238 (-28.7%), from €14,757 to €10,519
- Gross operating margin -€98,886
down €98,886, from €43,311 to -€55,575
- Taxes -€9,722
down €9,722 (-96.5%), from €10,069 to €348
- Staff costs +€5,667
up €5,667 (+25.7%), from €22,032 to €27,699
- Other operating charges -€3,900
down €3,900 (-89.8%), from €4,342 to €442
- Financial charges +€1,723
up €1,723 (+71.1%), from €2,422 to €4,146
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 | €105,590 | €56,183 | -€49,407 | -46.8% |
| Fixed assets | 21/28 | €27,763 | €13,630 | -€14,133 | -50.9% |
| Intangible fixed assets | 21 | €7,333 | - | -€7,333 | |
| Tangible fixed assets | 22/27 | €20,400 | €13,600 | -€6,800 | -33.3% |
| Furniture and vehicles | 24 | €20,400 | €13,600 | -€6,800 | -33.3% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €77,827 | €42,553 | -€35,274 | -45.3% |
| Stocks and contracts in progress | 3 | €45,266 | €22,125 | -€23,140 | -51.1% |
| Stocks | 30/36 | €45,266 | €22,125 | -€23,140 | -51.1% |
| Amounts receivable within one year | 40/41 | €26,523 | €17,487 | -€9,036 | -34.1% |
| Trade receivables | 40 | €48 | - | -€48 | |
| Other amounts receivable | 41 | €26,475 | €17,487 | -€8,988 | -34.0% |
| Cash at bank and in hand | 54/58 | €5,567 | €2,470 | -€3,098 | -55.6% |
| Deferred charges and accrued income | 490/1 | €471 | €471 | = | 0.0% |
| Total equity and liabilities | 10/49 | €105,590 | €56,183 | -€49,407 | -46.8% |
| Equity | 10/15 | €61,415 | -€40,928 | -€102,343 | |
| Contributions | 10/11 | €38,500 | €38,500 | = | 0.0% |
| Outside capital | 11 | €38,500 | €38,500 | = | 0.0% |
| Other | 1109/19 | €38,500 | €38,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,915 | -€79,428 | -€102,343 | |
| Amounts payable | 17/49 | €44,176 | €97,111 | +€52,935 | +119.8% |
| Amounts payable after more than one year | 17 | €17,924 | €9,206 | -€8,718 | -48.6% |
| Financial debts | 170/4 | €17,924 | €9,206 | -€8,718 | -48.6% |
| Amounts payable within one year | 42/48 | €26,251 | €87,905 | +€61,654 | +234.9% |
| Current portion of amounts payable after more than one year | 42 | €8,256 | €8,718 | +€462 | +5.6% |
| Financial debts | 43 | €14,757 | €10,519 | -€4,238 | -28.7% |
| Credit institutions | 430/8 | €14,757 | €10,519 | -€4,238 | -28.7% |
| Trade debts | 44 | €3,238 | €61,260 | +€58,023 | +1792.1% |
| Suppliers | 440/4 | €3,238 | €61,260 | +€58,023 | +1792.1% |
| Other amounts payable | 47/48 | - | €7,407 | +€7,407 | |
| Remuneration, social security and pensions | 62 | €22,032 | €27,699 | +€5,667 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,133 | €14,133 | = | 0.0% |
| Other operating charges | 640/8 | €4,342 | €442 | -€3,900 | -89.8% |
| Gross operating margin | 9900 | €43,311 | -€55,575 | -€98,886 | |
| Operating profit (loss) | 9901 | €2,804 | -€97,849 | -€100,653 | |
| Financial charges | 65/66B | €2,422 | €4,146 | +€1,723 | +71.1% |
| Recurring financial charges | 65 | €2,422 | €4,146 | +€1,723 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €382 | -€101,995 | -€102,377 | |
| Income taxes | 67/77 | €10,069 | €348 | -€9,722 | -96.5% |
| Profit (loss) for the period | 9904 | -€9,688 | -€102,343 | -€92,655 | -956.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,688 | -€102,343 | -€92,655 | -956.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.