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HIRIS: 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.

What changed

HIRIS

BE 0471.423.265
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€18,844
2024 · -€12,228-€6,616
Equity
-€282,492
2024 · -€263,648-€18,844
Cash
€452
2024 · €4,420-€3,968
Balance sheet total
€360,828
2024 · €365,717-€4,889

Largest movements

2024 to 2025
Assets
  • Cash -€3,968

    down €3,968 (-89.8%), from €4,420 to €452

    mainly Net result for the year (-€18,844) and Investment in fixed assets (net) (-€8,470)

Equity and liabilities
  • Profit (loss) carried forward -€18,844

    down €18,844 (-5.8%), from -€325,621 to -€344,465

  • Other debts +€13,790

    up €13,790 (+3.0%), from €452,641 to €466,431

  • Trade debts +€4,635

    up €4,635 (+615.1%), from €754 to €5,388

Income statement
  • Gross operating margin -€4,418

    down €4,418 (-47.1%), from €9,385 to €4,967

  • Depreciation +€3,586

    up €3,586 (+63.9%), from €5,615 to €9,201

  • Financial charges -€1,477

    down €1,477 (-11.2%), from €13,158 to €11,681

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€12,228
Gross operating margin -€4,418
Depreciation -€3,586
Other operating charges -€89
Financial income -€0
Financial charges +€1,477
Result 2025 -€18,844

Cash bridge derived

cash 2024 to 2025

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.

From operations +€7,492
Investment -€8,470
Financing -€2,990
Cash 2024 €4,420
Net result for the year -€18,844
Depreciation +€9,201
Deferred charges and accrued income +€189
Trade debts +€4,635
Other debts +€13,790
Accrued charges and deferred income -€1,480
Investment in fixed assets (net) -€8,470
Debts after one year -€2,990
Cash 2025 €452
Every line side by side 34 lines
Line Code 2024 2025 Change %
Total assets 20/58 €365,717 €360,828 -€4,889 -1.3%
Fixed assets 21/28 €359,382 €358,651 -€731 -0.2%
Tangible fixed assets 22/27 €359,382 €358,651 -€731 -0.2%
Land and buildings 22 €359,382 €350,202 -€9,180 -2.6%
Plant, machinery and equipment 23 - €8,449 +€8,449
Current assets 29/58 €6,335 €2,177 -€4,158 -65.6%
Cash at bank and in hand 54/58 €4,420 €452 -€3,968 -89.8%
Deferred charges and accrued income 490/1 €1,915 €1,725 -€189 -9.9%
Total equity and liabilities 10/49 €365,717 €360,828 -€4,889 -1.3%
Equity 10/15 -€263,648 -€282,492 -€18,844 -7.1%
Contributions 10/11 €61,973 €61,973 = 0.0%
Capital 10 €61,973 €61,973 = 0.0%
Issued capital 100 €61,973 €61,973 = 0.0%
Profit (loss) carried forward 14 -€325,621 -€344,465 -€18,844 -5.8%
Amounts payable 17/49 €629,364 €643,319 +€13,955 +2.2%
Amounts payable after more than one year 17 €165,880 €162,890 -€2,990 -1.8%
Financial debts 170/4 €160,000 €160,000 = 0.0%
Other amounts payable 178/9 €5,880 €2,890 -€2,990 -50.9%
Amounts payable within one year 42/48 €453,395 €471,819 +€18,425 +4.1%
Trade debts 44 €754 €5,388 +€4,635 +615.1%
Suppliers 440/4 €754 €5,388 +€4,635 +615.1%
Other amounts payable 47/48 €452,641 €466,431 +€13,790 +3.0%
Accrued charges and deferred income 492/3 €10,089 €8,610 -€1,480 -14.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €5,615 €9,201 +€3,586 +63.9%
Other operating charges 640/8 €2,839 €2,929 +€89 +3.1%
Gross operating margin 9900 €9,385 €4,967 -€4,418 -47.1%
Operating profit (loss) 9901 €930 -€7,163 -€8,093
Financial income 75/76B €0 - -€0
Recurring financial income 75 €0 - -€0
Financial charges 65/66B €13,158 €11,681 -€1,477 -11.2%
Recurring financial charges 65 €13,158 €11,681 -€1,477 -11.2%
Profit (loss) for the period before taxes 9903 -€12,228 -€18,844 -€6,616 -54.1%
Profit (loss) for the period 9904 -€12,228 -€18,844 -€6,616 -54.1%
Profit (loss) for the period to be appropriated 9905 -€12,228 -€18,844 -€6,616 -54.1%

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 30 September 2026 via checked.be.