HISIM: 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.
HISIM
Largest movements
- Tangible fixed assets -€83,174
down €83,174 (-3.7%), from €2.2m to €2.1m
of which Land and buildings: -€88,040
- Current investments -€60,000
no longer reported in 2026 (was €60,000)
- Cash -€56,331
down €56,331 (-76.6%), from €73,562 to €17,231
mainly Net result for the year (-€289,890) and Tax, wage and social debts (-€9,778)
- Profit (loss) carried forward -€279,885
down €279,885 (-20.8%), from €1.3m to €1.1m
- Trade debts +€49,713
up €49,713 (+85593.9%), from €58 to €49,771
- Short-term financial debts +€45,000
new in 2026: €45,000
- Financial income -€55,962
down €55,962 (-98.9%), from €56,563 to €601
of which Non-recurring financial income: -€50,300
- Gross operating margin +€31,563
up €31,563 (+35.8%), from €88,140 to €119,703
- Taxes -€11,452
down €11,452 (-98.2%), from €11,658 to €206
- Depreciation +€4,803
up €4,803 (+5.5%), from €87,365 to €92,168
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,398,697 | €2,183,124 | -€215,573 | -9.0% |
| Fixed assets | 21/28 | €2,238,665 | €2,155,492 | -€83,174 | -3.7% |
| Tangible fixed assets | 22/27 | €2,226,665 | €2,143,492 | -€83,174 | -3.7% |
| Land and buildings | 22 | €2,207,639 | €2,119,599 | -€88,040 | -4.0% |
| Plant, machinery and equipment | 23 | €18,843 | €23,892 | +€5,049 | +26.8% |
| Furniture and vehicles | 24 | €183 | - | -€183 | |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €160,032 | €27,633 | -€132,399 | -82.7% |
| Amounts receivable within one year | 40/41 | €26,470 | €10,402 | -€16,068 | -60.7% |
| Other amounts receivable | 41 | €26,470 | €10,402 | -€16,068 | -60.7% |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €73,562 | €17,231 | -€56,331 | -76.6% |
| Total equity and liabilities | 10/49 | €2,398,697 | €2,183,124 | -€215,573 | -9.0% |
| Equity | 10/15 | €2,200,737 | €1,910,847 | -€289,890 | -13.2% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €556,224 | €546,219 | -€10,005 | -1.8% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €526,224 | €516,219 | -€10,005 | -1.9% |
| Profit (loss) carried forward | 14 | €1,344,513 | €1,064,628 | -€279,885 | -20.8% |
| Provisions and deferred taxes | 16 | €175,408 | €172,073 | -€3,335 | -1.9% |
| Deferred taxes | 168 | €175,408 | €172,073 | -€3,335 | -1.9% |
| Amounts payable | 17/49 | €22,551 | €100,204 | +€77,653 | +344.3% |
| Amounts payable within one year | 42/48 | €9,836 | €94,771 | +€84,935 | +863.5% |
| Financial debts | 43 | - | €45,000 | +€45,000 | |
| Other loans | 439 | - | €45,000 | +€45,000 | |
| Trade debts | 44 | €58 | €49,771 | +€49,713 | +85593.9% |
| Suppliers | 440/4 | €58 | €49,771 | +€49,713 | +85593.9% |
| Taxes, remuneration and social security | 45 | €9,778 | - | -€9,778 | |
| Taxes | 450/3 | €9,778 | - | -€9,778 | |
| Accrued charges and deferred income | 492/3 | €12,715 | €5,433 | -€7,282 | -57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,365 | €92,168 | +€4,803 | +5.5% |
| Other operating charges | 640/8 | €13,129 | €13,543 | +€413 | +3.1% |
| Non-recurring operating charges | 66A | - | €307,568 | +€307,568 | |
| Gross operating margin | 9900 | €88,140 | €119,703 | +€31,563 | +35.8% |
| Operating profit (loss) | 9901 | -€12,354 | -€293,575 | -€281,221 | -2276.3% |
| Financial income | 75/76B | €56,563 | €601 | -€55,962 | -98.9% |
| Recurring financial income | 75 | €6,263 | €601 | -€5,662 | -90.4% |
| Non-recurring financial income | 76B | €50,300 | - | -€50,300 | |
| Financial charges | 65/66B | €51 | €45 | -€6 | -11.8% |
| Recurring financial charges | 65 | €51 | €45 | -€6 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €44,158 | -€293,019 | -€337,177 | |
| Transfer from deferred taxes | 780 | - | €3,335 | +€3,335 | |
| Income taxes | 67/77 | €11,658 | €206 | -€11,452 | -98.2% |
| Profit (loss) for the period | 9904 | €32,500 | -€289,890 | -€322,390 | |
| Transfer from tax-exempt reserves | 789 | - | €10,005 | +€10,005 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,500 | -€279,885 | -€312,385 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.