HISIA: 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.
HISIA
Largest movements
- Receivables within one year +€215,782
up €215,782 (+558%), from €38,690 to €254,473
of which Trade receivables: +€138,593
- Deferred charges and accrued income +€7,419
new in 2025: €7,419
- Tangible fixed assets +€7,193
new in 2025: €7,193
- Profit (loss) carried forward +€164,281
up €164,281 (+2,003%), from €8,204 to €172,484
- Trade debts +€40,404
up €40,404 (+172%), from €23,438 to €63,842
- Tax, wage and social debts +€26,216
up €26,216 (+624%), from €4,199 to €30,415
of which Taxes: +€17,836
- Gross operating margin +€165,518
up €165,518 (+673%), from €24,589 to €190,107
- Staff costs +€8,259
up €8,259 (+49.9%), from €16,535 to €24,794
- Financial income +€2,248
up €2,248 (+1,051%), from €214 to €2,462
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 | €38,841 | €269,835 | +€230,994 | +595% |
| Fixed assets | 21/28 | - | €7,943 | +€7,943 | |
| Tangible fixed assets | 22/27 | - | €7,193 | +€7,193 | |
| Furniture and vehicles | 24 | - | €7,193 | +€7,193 | |
| Financial fixed assets | 28 | - | €750 | +€750 | |
| Current assets | 29/58 | €38,841 | €261,892 | +€223,051 | +574% |
| Amounts receivable within one year | 40/41 | €38,690 | €254,473 | +€215,782 | +558% |
| Trade receivables | 40 | €28,632 | €167,225 | +€138,593 | +484% |
| Other amounts receivable | 41 | €10,058 | €87,247 | +€77,189 | +767% |
| Cash at bank and in hand | 54/58 | €150 | - | -€150 | |
| Deferred charges and accrued income | 490/1 | - | €7,419 | +€7,419 | |
| Total equity and liabilities | 10/49 | €38,841 | €269,835 | +€230,994 | +595% |
| Equity | 10/15 | €11,204 | €175,484 | +€164,281 | +1,466% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,204 | €172,484 | +€164,281 | +2,003% |
| Amounts payable | 17/49 | €27,637 | €94,351 | +€66,714 | +241% |
| Amounts payable within one year | 42/48 | €27,637 | €94,351 | +€66,714 | +241% |
| Financial debts | 43 | - | €93 | +€93 | |
| Credit institutions | 430/8 | - | €93 | +€93 | |
| Trade debts | 44 | €23,438 | €63,842 | +€40,404 | +172% |
| Suppliers | 440/4 | €23,438 | €63,842 | +€40,404 | +172% |
| Taxes, remuneration and social security | 45 | €4,199 | €30,415 | +€26,216 | +624% |
| Taxes | 450/3 | €1,731 | €19,567 | +€17,836 | +1,030% |
| Remuneration and social security | 454/9 | €2,467 | €10,848 | +€8,380 | +340% |
| Remuneration, social security and pensions | 62 | €16,535 | €24,794 | +€8,259 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,377 | +€1,377 | |
| Other operating charges | 640/8 | - | €901 | +€901 | |
| Gross operating margin | 9900 | €24,589 | €190,107 | +€165,518 | +673% |
| Operating profit (loss) | 9901 | €8,054 | €163,035 | +€154,981 | +1,924% |
| Financial income | 75/76B | €214 | €2,462 | +€2,248 | +1,051% |
| Recurring financial income | 75 | €214 | €2,462 | +€2,248 | +1,051% |
| Financial charges | 65/66B | €64 | €1,216 | +€1,152 | +1,787% |
| Recurring financial charges | 65 | €64 | €1,216 | +€1,152 | +1,787% |
| Profit (loss) for the period before taxes | 9903 | €8,204 | €164,281 | +€156,077 | +1,903% |
| Profit (loss) for the period | 9904 | €8,204 | €164,281 | +€156,077 | +1,903% |
| Profit (loss) for the period to be appropriated | 9905 | €8,204 | €164,281 | +€156,077 | +1,903% |
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 20 October 2026 via checked.be.