Hirsbrunner: 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.
Hirsbrunner
Largest movements
- Cash -€18,603
down €18,603 (-19.0%), from €98,145 to €79,542
mainly Contributions, distributions and other (-€65,000) and Net result for the year (-€6,763)
- Receivables within one year -€8,594
down €8,594 (-63.3%), from €13,576 to €4,982
of which Other amounts receivable: -€5,054
- Current investments +€4,000
up €4,000 (+16.7%), from €24,018 to €28,017
- Profit (loss) carried forward -€71,763
down €71,763 (-80.4%), from €89,247 to €17,484
- Other debts +€51,189
up €51,189 (+244%), from €20,955 to €72,145
- Gross operating margin -€76,654
down €76,654, from €72,885 to -€3,769
- Taxes -€18,366
down €18,366 (-99.3%), from €18,504 to €137
- Other operating charges +€850
up €850 (+188%), from €451 to €1,301
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 | €141,223 | €118,841 | -€22,382 | -15.8% |
| Fixed assets | 21/28 | €4,280 | €4,748 | +€467 | +10.9% |
| Tangible fixed assets | 22/27 | €4,280 | €4,748 | +€467 | +10.9% |
| Furniture and vehicles | 24 | €1,753 | €2,953 | +€1,200 | +68.4% |
| Other tangible fixed assets | 26 | €2,527 | €1,795 | -€732 | -29.0% |
| Current assets | 29/58 | €136,943 | €114,093 | -€22,850 | -16.7% |
| Amounts receivable within one year | 40/41 | €13,576 | €4,982 | -€8,594 | -63.3% |
| Trade receivables | 40 | €3,540 | €0 | -€3,540 | -100% |
| Other amounts receivable | 41 | €10,036 | €4,982 | -€5,054 | -50.4% |
| Current investments | 50/53 | €24,018 | €28,017 | +€4,000 | +16.7% |
| Cash at bank and in hand | 54/58 | €98,145 | €79,542 | -€18,603 | -19.0% |
| Deferred charges and accrued income | 490/1 | €1,204 | €1,552 | +€347 | +28.8% |
| Total equity and liabilities | 10/49 | €141,223 | €118,841 | -€22,382 | -15.8% |
| Equity | 10/15 | €109,707 | €37,944 | -€71,763 | -65.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,247 | €17,484 | -€71,763 | -80.4% |
| Amounts payable | 17/49 | €31,517 | €80,897 | +€49,381 | +157% |
| Amounts payable within one year | 42/48 | €28,017 | €78,397 | +€50,381 | +180% |
| Trade debts | 44 | €3,092 | €3,032 | -€60 | -1.9% |
| Suppliers | 440/4 | €3,092 | €3,032 | -€60 | -1.9% |
| Taxes, remuneration and social security | 45 | €3,969 | €3,221 | -€749 | -18.9% |
| Taxes | 450/3 | €3,969 | €3,221 | -€749 | -18.9% |
| Other amounts payable | 47/48 | €20,955 | €72,145 | +€51,189 | +244% |
| Accrued charges and deferred income | 492/3 | €3,500 | €2,500 | -€1,000 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,935 | €1,846 | -€89 | -4.6% |
| Other operating charges | 640/8 | €451 | €1,301 | +€850 | +188% |
| Gross operating margin | 9900 | €72,885 | -€3,769 | -€76,654 | |
| Operating profit (loss) | 9901 | €70,498 | -€6,916 | -€77,414 | |
| Financial income | 75/76B | €68 | €398 | +€331 | +489% |
| Recurring financial income | 75 | €68 | €398 | +€331 | +489% |
| Financial charges | 65/66B | €94 | €108 | +€14 | +14.6% |
| Recurring financial charges | 65 | €94 | €108 | +€14 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €70,472 | -€6,626 | -€77,098 | |
| Income taxes | 67/77 | €18,504 | €137 | -€18,366 | -99.3% |
| Profit (loss) for the period | 9904 | €51,968 | -€6,763 | -€58,731 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,968 | -€6,763 | -€58,731 |
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 16 October 2026 via checked.be.