Hirvi: 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.
Hirvi
Largest movements
- Current investments +€55,000
up €55,000 (+122%), from €45,000 to €100,000
- Cash +€27,833
up €27,833 (+36.5%), from €76,263 to €104,096
mainly Net result for the year (+€84,426) and Depreciation (+€16,353)
- Receivables within one year +€8,036
up €8,036 (+25.0%), from €32,185 to €40,221
of which Other amounts receivable: +€7,493
- Tangible fixed assets -€5,184
down €5,184 (-18.5%), from €28,010 to €22,826
of which Furniture and vehicles: -€4,078
- Profit (loss) carried forward +€84,426
up €84,426 (+49.9%), from €169,275 to €253,701
- Gross operating margin +€10,513
up €10,513 (+9.4%), from €112,053 to €122,566
- Taxes +€2,501
up €2,501 (+12.8%), from €19,585 to €22,086
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 | €182,266 | €267,143 | +€84,877 | +46.6% |
| Fixed assets | 21/28 | €28,010 | €22,826 | -€5,184 | -18.5% |
| Tangible fixed assets | 22/27 | €28,010 | €22,826 | -€5,184 | -18.5% |
| Plant, machinery and equipment | 23 | €7,967 | €6,860 | -€1,107 | -13.9% |
| Furniture and vehicles | 24 | €20,044 | €15,966 | -€4,078 | -20.3% |
| Current assets | 29/58 | €154,255 | €244,317 | +€90,061 | +58.4% |
| Amounts receivable within one year | 40/41 | €32,185 | €40,221 | +€8,036 | +25.0% |
| Trade receivables | 40 | €18,765 | €19,307 | +€542 | +2.9% |
| Other amounts receivable | 41 | €13,421 | €20,914 | +€7,493 | +55.8% |
| Current investments | 50/53 | €45,000 | €100,000 | +€55,000 | +122% |
| Cash at bank and in hand | 54/58 | €76,263 | €104,096 | +€27,833 | +36.5% |
| Deferred charges and accrued income | 490/1 | €807 | - | -€807 | |
| Total equity and liabilities | 10/49 | €182,266 | €267,143 | +€84,877 | +46.6% |
| Equity | 10/15 | €171,775 | €256,201 | +€84,426 | +49.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,275 | €253,701 | +€84,426 | +49.9% |
| Amounts payable | 17/49 | €10,491 | €10,942 | +€450 | +4.3% |
| Amounts payable within one year | 42/48 | €10,491 | €10,942 | +€450 | +4.3% |
| Trade debts | 44 | €906 | €183 | -€723 | -79.8% |
| Suppliers | 440/4 | €906 | €183 | -€723 | -79.8% |
| Taxes, remuneration and social security | 45 | €9,585 | €10,758 | +€1,173 | +12.2% |
| Taxes | 450/3 | €9,585 | €10,758 | +€1,173 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,656 | €16,353 | -€302 | -1.8% |
| Other operating charges | 640/8 | €639 | €120 | -€519 | -81.2% |
| Non-recurring operating charges | 66A | - | €9 | +€9 | |
| Gross operating margin | 9900 | €112,053 | €122,566 | +€10,513 | +9.4% |
| Operating profit (loss) | 9901 | €94,758 | €106,084 | +€11,326 | +12.0% |
| Financial income | 75/76B | €767 | €713 | -€54 | -7.0% |
| Recurring financial income | 75 | €767 | €713 | -€54 | -7.0% |
| Financial charges | 65/66B | €75 | €285 | +€209 | +277% |
| Recurring financial charges | 65 | €75 | €285 | +€209 | +277% |
| Profit (loss) for the period before taxes | 9903 | €95,450 | €106,512 | +€11,063 | +11.6% |
| Income taxes | 67/77 | €19,585 | €22,086 | +€2,501 | +12.8% |
| Profit (loss) for the period | 9904 | €75,865 | €84,426 | +€8,561 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €75,865 | €84,426 | +€8,561 | +11.3% |
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 15 October 2026 via checked.be.