Hireth: 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.
Hireth
Largest movements
- Tangible fixed assets +€74,449
up €74,449 (+2,944%), from €2,529 to €76,977
of which Leasing and similar rights: +€61,181
- Cash -€38,580
down €38,580 (-63.6%), from €60,707 to €22,127
mainly Investment in fixed assets (net) (-€85,420) and Receivables within one year (-€30,107)
- Receivables within one year +€30,107
up €30,107 (+230%), from €13,115 to €43,222
of which Trade receivables: +€25,241
- Debts after one year +€52,369
new in 2025: €52,369
- Trade debts +€16,685
up €16,685 (+420%), from €3,970 to €20,656
- Current portion of long-term debt +€11,112
new in 2025: €11,112
- Tax, wage and social debts -€7,649
down €7,649 (-52.1%), from €14,685 to €7,036
- Profit (loss) carried forward -€6,542
down €6,542 (-11.7%), from €55,696 to €49,154
- Gross operating margin -€61,776
down €61,776 (-87.4%), from €70,679 to €8,903
- Taxes -€14,576
down €14,576 (-99.3%), from €14,685 to €109
- Depreciation +€10,938
up €10,938 (+33,491%), from €33 to €10,971
- Other operating charges +€2,222
up €2,222 (+1,393%), from €160 to €2,382
- Financial charges +€1,811
up €1,811 (+889%), from €204 to €2,014
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 | €76,351 | €142,327 | +€65,976 | +86.4% |
| Fixed assets | 21/28 | €2,529 | €76,977 | +€74,449 | +2,944% |
| Tangible fixed assets | 22/27 | €2,529 | €76,977 | +€74,449 | +2,944% |
| Plant, machinery and equipment | 23 | €2,529 | €8,098 | +€5,569 | +220% |
| Furniture and vehicles | 24 | - | €7,698 | +€7,698 | |
| Leasing and similar rights | 25 | - | €61,181 | +€61,181 | |
| Current assets | 29/58 | €73,822 | €65,349 | -€8,473 | -11.5% |
| Amounts receivable within one year | 40/41 | €13,115 | €43,222 | +€30,107 | +230% |
| Trade receivables | 40 | €9,920 | €35,161 | +€25,241 | +254% |
| Other amounts receivable | 41 | €3,195 | €8,062 | +€4,866 | +152% |
| Cash at bank and in hand | 54/58 | €60,707 | €22,127 | -€38,580 | -63.6% |
| Total equity and liabilities | 10/49 | €76,351 | €142,327 | +€65,976 | +86.4% |
| Equity | 10/15 | €57,696 | €51,154 | -€6,542 | -11.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,696 | €49,154 | -€6,542 | -11.7% |
| Amounts payable | 17/49 | €18,655 | €91,173 | +€72,518 | +389% |
| Amounts payable after more than one year | 17 | - | €52,369 | +€52,369 | |
| Financial debts | 170/4 | - | €52,369 | +€52,369 | |
| Amounts payable within one year | 42/48 | €18,655 | €38,804 | +€20,149 | +108% |
| Current portion of amounts payable after more than one year | 42 | - | €11,112 | +€11,112 | |
| Trade debts | 44 | €3,970 | €20,656 | +€16,685 | +420% |
| Suppliers | 440/4 | €3,970 | €20,656 | +€16,685 | +420% |
| Taxes, remuneration and social security | 45 | €14,685 | €7,036 | -€7,649 | -52.1% |
| Taxes | 450/3 | €14,685 | €7,036 | -€7,649 | -52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33 | €10,971 | +€10,938 | +33,491% |
| Other operating charges | 640/8 | €160 | €2,382 | +€2,222 | +1,393% |
| Gross operating margin | 9900 | €70,679 | €8,903 | -€61,776 | -87.4% |
| Operating profit (loss) | 9901 | €70,487 | -€4,449 | -€74,936 | |
| Financial income | 75/76B | €97 | €30 | -€67 | -69.2% |
| Recurring financial income | 75 | €97 | €30 | -€67 | -69.2% |
| Financial charges | 65/66B | €204 | €2,014 | +€1,811 | +889% |
| Recurring financial charges | 65 | €204 | €2,014 | +€1,811 | +889% |
| Profit (loss) for the period before taxes | 9903 | €70,381 | -€6,433 | -€76,814 | |
| Income taxes | 67/77 | €14,685 | €109 | -€14,576 | -99.3% |
| Profit (loss) for the period | 9904 | €55,696 | -€6,542 | -€62,238 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,696 | -€6,542 | -€62,238 |
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 14 October 2026 via checked.be.