HISEC: 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.
HISEC
Largest movements
- Tangible fixed assets +€35,905
up €35,905 (+378.2%), from €9,493 to €45,398
of which Furniture and vehicles: +€36,506
- Cash -€24,754
down €24,754 (-79.8%), from €31,030 to €6,276
mainly Investment in fixed assets (net) (-€39,667) and Contributions, distributions and other (-€2,986)
- Stocks and contracts -€3,239
down €3,239 (-21.3%), from €15,221 to €11,983
- Reserves +€11,395
up €11,395 (+16.3%), from €69,777 to €81,172
of which Distributable reserves: +€12,062
- Tax, wage and social debts -€2,112
down €2,112 (-95.4%), from €2,213 to €101
- Gross operating margin -€7,781
down €7,781 (-22.8%), from €34,084 to €26,303
- Taxes -€2,710
down €2,710 (-26.6%), from €10,176 to €7,466
- Depreciation +€444
up €444 (+13.4%), from €3,318 to €3,763
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,186 | €90,804 | +€9,619 | +11.8% |
| Fixed assets | 21/28 | €9,493 | €45,398 | +€35,905 | +378.2% |
| Tangible fixed assets | 22/27 | €9,493 | €45,398 | +€35,905 | +378.2% |
| Plant, machinery and equipment | 23 | €993 | €392 | -€601 | -60.5% |
| Furniture and vehicles | 24 | €8,500 | €45,005 | +€36,506 | +429.5% |
| Current assets | 29/58 | €71,693 | €45,407 | -€26,286 | -36.7% |
| Stocks and contracts in progress | 3 | €15,221 | €11,983 | -€3,239 | -21.3% |
| Stocks | 30/36 | €15,221 | €11,983 | -€3,239 | -21.3% |
| Amounts receivable within one year | 40/41 | €24,953 | €25,767 | +€813 | +3.3% |
| Other amounts receivable | 41 | €24,953 | €25,767 | +€813 | +3.3% |
| Cash at bank and in hand | 54/58 | €31,030 | €6,276 | -€24,754 | -79.8% |
| Deferred charges and accrued income | 490/1 | €488 | €1,382 | +€894 | +183.3% |
| Total equity and liabilities | 10/49 | €81,186 | €90,804 | +€9,619 | +11.8% |
| Equity | 10/15 | €78,454 | €89,848 | +€11,395 | +14.5% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €69,777 | €81,172 | +€11,395 | +16.3% |
| Non-distributable reserves | 130/1 | €2,898 | €2,231 | -€667 | -23.0% |
| Reserves not available under the articles | 1311 | €2,898 | €2,231 | -€667 | -23.0% |
| Distributable reserves | 133 | €66,879 | €78,941 | +€12,062 | +18.0% |
| Amounts payable | 17/49 | €2,732 | €956 | -€1,776 | -65.0% |
| Amounts payable within one year | 42/48 | €2,732 | €956 | -€1,776 | -65.0% |
| Trade debts | 44 | €519 | €854 | +€336 | +64.7% |
| Suppliers | 440/4 | €519 | €854 | +€336 | +64.7% |
| Taxes, remuneration and social security | 45 | €2,213 | €101 | -€2,112 | -95.4% |
| Taxes | 450/3 | €2,213 | €101 | -€2,112 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,318 | €3,763 | +€444 | +13.4% |
| Other operating charges | 640/8 | €610 | €630 | +€20 | +3.3% |
| Gross operating margin | 9900 | €34,084 | €26,303 | -€7,781 | -22.8% |
| Operating profit (loss) | 9901 | €30,156 | €21,910 | -€8,246 | -27.3% |
| Financial income | 75/76B | €65 | €18 | -€47 | -72.0% |
| Recurring financial income | 75 | €65 | €18 | -€47 | -72.0% |
| Financial charges | 65/66B | €86 | €82 | -€5 | -5.4% |
| Recurring financial charges | 65 | €86 | €82 | -€5 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €30,134 | €21,847 | -€8,288 | -27.5% |
| Income taxes | 67/77 | €10,176 | €7,466 | -€2,710 | -26.6% |
| Profit (loss) for the period | 9904 | €19,959 | €14,380 | -€5,578 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,959 | €14,380 | -€5,578 | -27.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.