HIRES CONSULT: 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.
HIRES CONSULT
Largest movements
- Tangible fixed assets +€732,243
up €732,243 (+261%), from €280,852 to €1.0m
of which Land and buildings: +€735,886
- Receivables within one year +€125,393
up €125,393 (+87.6%), from €143,171 to €268,565
of which Other amounts receivable: +€123,430
- Cash -€36,334
down €36,334 (-89.0%), from €40,816 to €4,482
mainly Investment in fixed assets (net) (-€763,518) and Receivables within one year (-€125,393)
- Debts after one year +€756,573
up €756,573 (+504%), from €150,207 to €906,780
- Reserves +€57,481
up €57,481 (+11.5%), from €499,206 to €556,687
of which Distributable reserves: +€57,481
- Current portion of long-term debt +€21,535
up €21,535 (+127%), from €16,891 to €38,427
- Gross operating margin +€2,758
up €2,758 (+2.5%), from €110,862 to €113,620
- Financial income +€2,722
up €2,722 (+23.1%), from €11,795 to €14,517
- Depreciation +€2,114
up €2,114 (+7.3%), from €29,136 to €31,250
- Other operating charges +€1,207
up €1,207 (+34.2%), from €3,530 to €4,737
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 | €795,671 | €1,629,777 | +€834,106 | +105% |
| Fixed assets | 21/28 | €380,852 | €1,113,121 | +€732,268 | +192% |
| Tangible fixed assets | 22/27 | €280,852 | €1,013,096 | +€732,243 | +261% |
| Land and buildings | 22 | €268,609 | €1,004,495 | +€735,886 | +274% |
| Plant, machinery and equipment | 23 | €370 | - | -€370 | |
| Furniture and vehicles | 24 | €7,485 | €4,213 | -€3,273 | -43.7% |
| Other tangible fixed assets | 26 | €4,388 | €4,388 | = | 0.0% |
| Financial fixed assets | 28 | €100,000 | €100,025 | +€25 | 0.0% |
| Current assets | 29/58 | €414,819 | €516,656 | +€101,837 | +24.5% |
| Amounts receivable after more than one year | 29 | €218,108 | €227,949 | +€9,842 | +4.5% |
| Other amounts receivable | 291 | €218,108 | €227,949 | +€9,842 | +4.5% |
| Amounts receivable within one year | 40/41 | €143,171 | €268,565 | +€125,393 | +87.6% |
| Trade receivables | 40 | €19,817 | €21,780 | +€1,963 | +9.9% |
| Other amounts receivable | 41 | €123,354 | €246,785 | +€123,430 | +100% |
| Cash at bank and in hand | 54/58 | €40,816 | €4,482 | -€36,334 | -89.0% |
| Deferred charges and accrued income | 490/1 | €12,724 | €15,660 | +€2,936 | +23.1% |
| Total equity and liabilities | 10/49 | €795,671 | €1,629,777 | +€834,106 | +105% |
| Equity | 10/15 | €607,425 | €664,906 | +€57,481 | +9.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €499,206 | €556,687 | +€57,481 | +11.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,000 | €29,000 | = | 0.0% |
| Distributable reserves | 133 | €468,346 | €525,827 | +€57,481 | +12.3% |
| Profit (loss) carried forward | 14 | €95,819 | €95,819 | = | 0.0% |
| Amounts payable | 17/49 | €188,246 | €964,871 | +€776,624 | +413% |
| Amounts payable after more than one year | 17 | €150,207 | €906,780 | +€756,573 | +504% |
| Financial debts | 170/4 | €150,207 | €906,780 | +€756,573 | +504% |
| Amounts payable within one year | 42/48 | €38,039 | €58,090 | +€20,051 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | €16,891 | €38,427 | +€21,535 | +127% |
| Trade debts | 44 | €5,883 | €1,199 | -€4,684 | -79.6% |
| Suppliers | 440/4 | €5,883 | €1,199 | -€4,684 | -79.6% |
| Taxes, remuneration and social security | 45 | €15,265 | €18,465 | +€3,200 | +21.0% |
| Taxes | 450/3 | €14,015 | €17,215 | +€3,200 | +22.8% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,136 | €31,250 | +€2,114 | +7.3% |
| Other operating charges | 640/8 | €3,530 | €4,737 | +€1,207 | +34.2% |
| Gross operating margin | 9900 | €110,862 | €113,620 | +€2,758 | +2.5% |
| Operating profit (loss) | 9901 | €78,196 | €77,633 | -€563 | -0.7% |
| Financial income | 75/76B | €11,795 | €14,517 | +€2,722 | +23.1% |
| Recurring financial income | 75 | €11,795 | €14,517 | +€2,722 | +23.1% |
| Financial charges | 65/66B | €4,080 | €4,734 | +€654 | +16.0% |
| Recurring financial charges | 65 | €4,080 | €4,734 | +€654 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €85,911 | €87,416 | +€1,504 | +1.8% |
| Income taxes | 67/77 | €29,720 | €29,934 | +€214 | +0.7% |
| Profit (loss) for the period | 9904 | €56,191 | €57,481 | +€1,291 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,191 | €57,481 | +€1,291 | +2.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.