HISCOT: 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
HISCOT
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€151,859
2024 · €121,914+€29,946
Equity
€1.3m
2024 · €1.2m+€151,859
Cash
€208
2024 · €175+€33
Balance sheet total
€1.5m
2024 · €1.4m+€123,851
Largest movements
Assets
- Financial fixed assets +€131,765
up €131,765 (+65.0%), from €202,621 to €334,386
Equity and liabilities
- Profit (loss) carried forward +€151,859
up €151,859 (+15.4%), from €983,785 to €1.1m
- Debts after one year -€21,606
down €21,606 (-22.1%), from €97,778 to €76,171
Income statement
- Financial income +€32,440
up €32,440 (+25.9%), from €125,158 to €157,597
of which Financial income: +€49,162
- Gross operating margin +€20,177
up €20,177 (+60.3%), from €33,474 to €53,650
- Taxes +€10,624
up €10,624 (+201.0%), from €5,286 to €15,910
- Financial charges +€9,294
up €9,294 (+88.3%), from €10,522 to €19,815
- Other operating charges +€2,357
up €2,357 (+65.3%), from €3,606 to €5,963
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.
Result 2024
€121,914
Gross operating margin
+€20,177
Depreciation
-€396
Other operating charges
-€2,357
Financial income
+€32,440
Financial charges
-€9,294
Taxes
-€10,624
Result 2025
€151,859
Cash bridge derived
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
+€158,093
Investment
-€136,875
Financing
-€21,185
Cash 2024
€175
From operations (derived)
+€158,093
Net result for the year
+€151,859
Depreciation
+€17,700
Receivables after one year
-€1,565
Stocks and contracts
-€4,623
Receivables within one year
+€1,554
Deferred charges and accrued income
-€10
Trade debts
-€4,038
Tax, wage and social debts
+€4,637
Other debts
-€7,421
Investment (derived)
-€136,875
Investment in fixed assets (net)
-€137,625
Current investments
+€751
Financing
-€21,185
Debts after one year
-€21,606
Current portion of long-term debt
+€284
Short-term financial debts
+€137
Cash 2025
€208
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,412,599 | €1,536,450 | +€123,851 | +8.8% |
| Fixed assets | 21/28 | €415,941 | €535,866 | +€119,925 | +28.8% |
| Tangible fixed assets | 22/27 | €213,320 | €201,480 | -€11,840 | -5.6% |
| Land and buildings | 22 | €210,126 | €199,369 | -€10,757 | -5.1% |
| Furniture and vehicles | 24 | €3,193 | €2,111 | -€1,082 | -33.9% |
| Financial fixed assets | 28 | €202,621 | €334,386 | +€131,765 | +65.0% |
| Current assets | 29/58 | €996,658 | €1,000,584 | +€3,926 | +0.4% |
| Amounts receivable after more than one year | 29 | €39,165 | €40,730 | +€1,565 | +4.0% |
| Other amounts receivable | 291 | €39,165 | €40,730 | +€1,565 | +4.0% |
| Stocks and contracts in progress | 3 | €832,369 | €836,992 | +€4,623 | +0.6% |
| Stocks | 30/36 | €832,369 | €836,992 | +€4,623 | +0.6% |
| Amounts receivable within one year | 40/41 | €120,501 | €118,947 | -€1,554 | -1.3% |
| Trade receivables | 40 | €5,600 | €0 | -€5,600 | -100.0% |
| Other amounts receivable | 41 | €114,901 | €118,947 | +€4,046 | +3.5% |
| Current investments | 50/53 | €3,084 | €2,334 | -€751 | -24.3% |
| Cash at bank and in hand | 54/58 | €175 | €208 | +€33 | +19.1% |
| Deferred charges and accrued income | 490/1 | €1,363 | €1,373 | +€10 | +0.7% |
| Total equity and liabilities | 10/49 | €1,412,599 | €1,536,450 | +€123,851 | +8.8% |
| Equity | 10/15 | €1,184,496 | €1,336,355 | +€151,859 | +12.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €188,311 | €188,311 | = | 0.0% |
| Distributable reserves | 133 | €188,311 | €188,311 | = | 0.0% |
| Profit (loss) carried forward | 14 | €983,785 | €1,135,644 | +€151,859 | +15.4% |
| Provisions and deferred taxes | 16 | €35,153 | €35,153 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €35,153 | €35,153 | = | 0.0% |
| Pensions and similar obligations | 160 | €35,153 | €35,153 | = | 0.0% |
| Amounts payable | 17/49 | €192,950 | €164,942 | -€28,008 | -14.5% |
| Amounts payable after more than one year | 17 | €97,778 | €76,171 | -€21,606 | -22.1% |
| Financial debts | 170/4 | €97,778 | €76,171 | -€21,606 | -22.1% |
| Amounts payable within one year | 42/48 | €95,172 | €88,771 | -€6,402 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €21,322 | €21,606 | +€284 | +1.3% |
| Financial debts | 43 | €39,246 | €39,383 | +€137 | +0.3% |
| Credit institutions | 430/8 | €39,246 | €39,383 | +€137 | +0.3% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €6,198 | €2,160 | -€4,038 | -65.2% |
| Suppliers | 440/4 | €6,198 | €2,160 | -€4,038 | -65.2% |
| Taxes, remuneration and social security | 45 | €13,407 | €18,043 | +€4,637 | +34.6% |
| Taxes | 450/3 | €10,776 | €15,245 | +€4,469 | +41.5% |
| Remuneration and social security | 454/9 | €2,631 | €2,798 | +€167 | +6.4% |
| Other amounts payable | 47/48 | €15,000 | €7,579 | -€7,421 | -49.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,304 | €17,700 | +€396 | +2.3% |
| Other operating charges | 640/8 | €3,606 | €5,963 | +€2,357 | +65.3% |
| Gross operating margin | 9900 | €33,474 | €53,650 | +€20,177 | +60.3% |
| Operating profit (loss) | 9901 | €12,563 | €29,987 | +€17,424 | +138.7% |
| Financial income | 75/76B | €125,158 | €157,597 | +€32,440 | +25.9% |
| Recurring financial income | 75 | €108,436 | €157,597 | +€49,162 | +45.3% |
| Non-recurring financial income | 76B | €16,722 | €0 | -€16,722 | -100.0% |
| Financial charges | 65/66B | €10,522 | €19,815 | +€9,294 | +88.3% |
| Recurring financial charges | 65 | €10,522 | €19,815 | +€9,294 | +88.3% |
| Profit (loss) for the period before taxes | 9903 | €127,199 | €167,769 | +€40,570 | +31.9% |
| Income taxes | 67/77 | €5,286 | €15,910 | +€10,624 | +201.0% |
| Profit (loss) for the period | 9904 | €121,914 | €151,859 | +€29,946 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €121,914 | €151,859 | +€29,946 | +24.6% |
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 2 October 2026 via checked.be.