HIRUNDO ENERGY: 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.
HIRUNDO ENERGY
Largest movements
- Receivables within one year -€104,185
down €104,185 (-99.3%), from €104,939 to €754
of which Other amounts receivable: -€89,053
- Cash -€28,628
down €28,628 (-89.3%), from €32,052 to €3,424
mainly Debts after one year (-€90,000) and Tax, wage and social debts (-€25,236)
- Financial fixed assets +€9,360
up €9,360 (+187%), from €5,000 to €14,360
- Debts after one year -€90,000
down €90,000 (-100%), from €90,000 to €0
- Tax, wage and social debts -€25,236
down €25,236 (-100%), from €25,236 to €0
- Accrued charges and deferred income -€4,968
down €4,968 (-83.2%), from €5,968 to €1,000
- Profit (loss) carried forward -€4,496
down €4,496, from €2,134 to -€2,362
- Gross operating margin -€18,247
down €18,247, from €15,085 to -€3,162
- Financial charges -€5,346
down €5,346 (-94.8%), from €5,642 to €296
- Taxes -€796
down €796 (-100%), from €796 to €0
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 | €143,776 | €19,828 | -€123,947 | -86.2% |
| Fixed assets | 21/28 | €6,785 | €15,650 | +€8,866 | +131% |
| Tangible fixed assets | 22/27 | €1,785 | €1,290 | -€494 | -27.7% |
| Plant, machinery and equipment | 23 | €1,785 | €1,290 | -€494 | -27.7% |
| Financial fixed assets | 28 | €5,000 | €14,360 | +€9,360 | +187% |
| Current assets | 29/58 | €136,991 | €4,178 | -€132,813 | -96.9% |
| Amounts receivable within one year | 40/41 | €104,939 | €754 | -€104,185 | -99.3% |
| Trade receivables | 40 | €15,132 | €0 | -€15,132 | -100% |
| Other amounts receivable | 41 | €89,807 | €754 | -€89,053 | -99.2% |
| Cash at bank and in hand | 54/58 | €32,052 | €3,424 | -€28,628 | -89.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €143,776 | €19,828 | -€123,947 | -86.2% |
| Equity | 10/15 | €22,134 | €17,638 | -€4,496 | -20.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,134 | -€2,362 | -€4,496 | |
| Amounts payable | 17/49 | €121,641 | €2,191 | -€119,451 | -98.2% |
| Amounts payable after more than one year | 17 | €90,000 | €0 | -€90,000 | -100% |
| Other amounts payable | 178/9 | €90,000 | €0 | -€90,000 | -100% |
| Amounts payable within one year | 42/48 | €25,673 | €1,191 | -€24,483 | -95.4% |
| Trade debts | 44 | €332 | €730 | +€398 | +120% |
| Suppliers | 440/4 | €332 | €730 | +€398 | +120% |
| Taxes, remuneration and social security | 45 | €25,236 | €0 | -€25,236 | -100% |
| Taxes | 450/3 | €25,236 | €0 | -€25,236 | -100% |
| Other amounts payable | 47/48 | €106 | €461 | +€355 | +336% |
| Accrued charges and deferred income | 492/3 | €5,968 | €1,000 | -€4,968 | -83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €494 | €494 | = | 0.0% |
| Other operating charges | 640/8 | €634 | €544 | -€90 | -14.2% |
| Gross operating margin | 9900 | €15,085 | -€3,162 | -€18,247 | |
| Operating profit (loss) | 9901 | €13,957 | -€4,200 | -€18,157 | |
| Financial income | 75/76B | €42 | €0 | -€42 | -100% |
| Recurring financial income | 75 | €42 | €0 | -€42 | -100% |
| Financial charges | 65/66B | €5,642 | €296 | -€5,346 | -94.8% |
| Recurring financial charges | 65 | €5,642 | €296 | -€5,346 | -94.8% |
| Profit (loss) for the period before taxes | 9903 | €8,357 | -€4,496 | -€12,854 | |
| Income taxes | 67/77 | €796 | €0 | -€796 | -100% |
| Profit (loss) for the period | 9904 | €7,561 | -€4,496 | -€12,058 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,561 | -€4,496 | -€12,058 |
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 18 October 2026 via checked.be.