HISPANIA BRUSSELS: 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.
HISPANIA BRUSSELS
Largest movements
- Receivables within one year +€225,128
up €225,128 (+102%), from €220,288 to €445,416
of which Trade receivables: +€224,963
- Cash -€222,286
down €222,286 (-43.0%), from €517,497 to €295,211
mainly Receivables within one year (-€225,128) and Investment in fixed assets (net) (-€26,366)
- Stocks and contracts +€8,725
up €8,725 (+21.7%), from €40,174 to €48,899
- Trade debts +€33,969
up €33,969 (+9.9%), from €343,414 to €377,383
- Profit (loss) carried forward -€10,167
down €10,167 (-3.7%), from €276,363 to €266,196
- Gross operating margin -€185,729
down €185,729 (-20.5%), from €905,300 to €719,571
- Staff costs -€125,385
down €125,385 (-16.0%), from €782,107 to €656,721
- Taxes +€38,798
new in 2025: €38,798
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 | €840,664 | €860,428 | +€19,763 | +2.4% |
| Fixed assets | 21/28 | €62,705 | €66,058 | +€3,353 | +5.3% |
| Tangible fixed assets | 22/27 | €56,305 | €59,658 | +€3,353 | +6.0% |
| Plant, machinery and equipment | 23 | €49,198 | €55,094 | +€5,895 | +12.0% |
| Furniture and vehicles | 24 | €7,107 | €4,565 | -€2,543 | -35.8% |
| Financial fixed assets | 28 | €6,400 | €6,400 | = | 0.0% |
| Current assets | 29/58 | €777,959 | €794,370 | +€16,411 | +2.1% |
| Stocks and contracts in progress | 3 | €40,174 | €48,899 | +€8,725 | +21.7% |
| Stocks | 30/36 | €40,174 | €48,899 | +€8,725 | +21.7% |
| Amounts receivable within one year | 40/41 | €220,288 | €445,416 | +€225,128 | +102% |
| Trade receivables | 40 | €200,246 | €425,209 | +€224,963 | +112% |
| Other amounts receivable | 41 | €20,041 | €20,207 | +€165 | +0.8% |
| Cash at bank and in hand | 54/58 | €517,497 | €295,211 | -€222,286 | -43.0% |
| Deferred charges and accrued income | 490/1 | - | €4,843 | +€4,843 | |
| Total equity and liabilities | 10/49 | €840,664 | €860,428 | +€19,763 | +2.4% |
| Equity | 10/15 | €340,813 | €330,646 | -€10,167 | -3.0% |
| Contributions | 10/11 | €64,450 | €64,450 | = | 0.0% |
| Capital | 10 | - | €64,450 | +€64,450 | |
| Issued capital | 100 | - | €64,450 | +€64,450 | |
| Profit (loss) carried forward | 14 | €276,363 | €266,196 | -€10,167 | -3.7% |
| Amounts payable | 17/49 | €499,851 | €529,781 | +€29,930 | +6.0% |
| Amounts payable within one year | 42/48 | €499,464 | €529,559 | +€30,095 | +6.0% |
| Trade debts | 44 | €343,414 | €377,383 | +€33,969 | +9.9% |
| Suppliers | 440/4 | €343,414 | €377,383 | +€33,969 | +9.9% |
| Taxes, remuneration and social security | 45 | €156,050 | €152,177 | -€3,874 | -2.5% |
| Taxes | 450/3 | €56,670 | €64,586 | +€7,916 | +14.0% |
| Remuneration and social security | 454/9 | €99,380 | €87,591 | -€11,789 | -11.9% |
| Accrued charges and deferred income | 492/3 | €387 | €222 | -€165 | -42.6% |
| Remuneration, social security and pensions | 62 | €782,107 | €656,721 | -€125,385 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,192 | €23,013 | +€1,822 | +8.6% |
| Other operating charges | 640/8 | €1,462 | €2,473 | +€1,011 | +69.1% |
| Gross operating margin | 9900 | €905,300 | €719,571 | -€185,729 | -20.5% |
| Operating profit (loss) | 9901 | €100,540 | €37,364 | -€63,177 | -62.8% |
| Financial income | 75/76B | €16 | €59 | +€43 | +276% |
| Recurring financial income | 75 | €16 | €59 | +€43 | +276% |
| Financial charges | 65/66B | €12,588 | €8,792 | -€3,796 | -30.2% |
| Recurring financial charges | 65 | €12,588 | €8,792 | -€3,796 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €87,968 | €28,631 | -€59,337 | -67.5% |
| Income taxes | 67/77 | - | €38,798 | +€38,798 | |
| Profit (loss) for the period | 9904 | €87,968 | -€10,167 | -€98,135 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,968 | -€10,167 | -€98,135 |
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 25 October 2026 via checked.be.