HITCHCOX: 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.
HITCHCOX
Largest movements
- Receivables within one year +€55,744
up €55,744 (+198%), from €28,192 to €83,937
of which Trade receivables: +€50,141
- Cash -€21,147
down €21,147 (-19.5%), from €108,389 to €87,242
mainly Receivables within one year (-€55,744) and Contributions, distributions and other (-€7,089)
- Reserves +€13,126
up €13,126 (+10.0%), from €130,746 to €143,872
- Accrued charges and deferred income +€11,154
new in 2025: €11,154
- Tax, wage and social debts +€6,546
up €6,546 (+36.4%), from €17,999 to €24,545
- Other debts +€5,393
up €5,393 (+318%), from €1,696 to €7,089
- Trade debts -€3,226
down €3,226 (-18.8%), from €17,137 to €13,912
- Gross operating margin -€41,469
down €41,469 (-46.6%), from €88,928 to €47,459
- Taxes -€12,028
down €12,028 (-51.5%), from €23,355 to €11,327
- Financial income +€2,800
up €2,800 (+27,999%), from €10 to €2,810
- Other operating charges -€1,823
down €1,823 (-11.1%), from €16,432 to €14,609
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 | €207,016 | €240,009 | +€32,993 | +15.9% |
| Fixed assets | 21/28 | €67,921 | €65,750 | -€2,172 | -3.2% |
| Tangible fixed assets | 22/27 | €67,921 | €65,750 | -€2,172 | -3.2% |
| Plant, machinery and equipment | 23 | €627 | €291 | -€336 | -53.6% |
| Furniture and vehicles | 24 | €60,995 | €59,159 | -€1,836 | -3.0% |
| Other tangible fixed assets | 26 | €6,300 | €6,300 | = | 0.0% |
| Current assets | 29/58 | €139,095 | €174,259 | +€35,165 | +25.3% |
| Amounts receivable within one year | 40/41 | €28,192 | €83,937 | +€55,744 | +198% |
| Trade receivables | 40 | €28,192 | €78,333 | +€50,141 | +178% |
| Other amounts receivable | 41 | - | €5,604 | +€5,604 | |
| Cash at bank and in hand | 54/58 | €108,389 | €87,242 | -€21,147 | -19.5% |
| Deferred charges and accrued income | 490/1 | €2,513 | €3,081 | +€567 | +22.6% |
| Total equity and liabilities | 10/49 | €207,016 | €240,009 | +€32,993 | +15.9% |
| Equity | 10/15 | €170,183 | €183,309 | +€13,126 | +7.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €130,746 | €143,872 | +€13,126 | +10.0% |
| Distributable reserves | 133 | €130,746 | €143,872 | +€13,126 | +10.0% |
| Profit (loss) carried forward | 14 | €33,237 | €33,237 | = | 0.0% |
| Amounts payable | 17/49 | €36,833 | €56,700 | +€19,867 | +53.9% |
| Amounts payable within one year | 42/48 | €36,833 | €45,546 | +€8,713 | +23.7% |
| Trade debts | 44 | €17,137 | €13,912 | -€3,226 | -18.8% |
| Suppliers | 440/4 | €17,137 | €13,912 | -€3,226 | -18.8% |
| Taxes, remuneration and social security | 45 | €17,999 | €24,545 | +€6,546 | +36.4% |
| Taxes | 450/3 | €17,999 | €24,545 | +€6,546 | +36.4% |
| Other amounts payable | 47/48 | €1,696 | €7,089 | +€5,393 | +318% |
| Accrued charges and deferred income | 492/3 | - | €11,154 | +€11,154 | |
| Non-recurring operating income | 76A | - | €1,755 | +€1,755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,344 | €3,759 | -€585 | -13.5% |
| Other operating charges | 640/8 | €16,432 | €14,609 | -€1,823 | -11.1% |
| Gross operating margin | 9900 | €88,928 | €47,459 | -€41,469 | -46.6% |
| Operating profit (loss) | 9901 | €68,152 | €29,091 | -€39,061 | -57.3% |
| Financial income | 75/76B | €10 | €2,810 | +€2,800 | +27,999% |
| Recurring financial income | 75 | €10 | €2,810 | +€2,800 | +27,999% |
| Financial charges | 65/66B | €252 | €360 | +€108 | +42.8% |
| Recurring financial charges | 65 | €252 | €360 | +€108 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €67,911 | €31,542 | -€36,369 | -53.6% |
| Income taxes | 67/77 | €23,355 | €11,327 | -€12,028 | -51.5% |
| Profit (loss) for the period | 9904 | €44,556 | €20,215 | -€24,341 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,556 | €20,215 | -€24,341 | -54.6% |
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 17 October 2026 via checked.be.