HIX: 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.
HIX
Largest movements
- Tangible fixed assets -€19,640
down €19,640 (-31.0%), from €63,377 to €43,737
of which Furniture and vehicles: -€17,138
- Receivables within one year +€6,377
up €6,377 (+788.1%), from €809 to €7,186
of which Other amounts receivable: +€5,995
- Cash +€4,837
up €4,837 (+64.7%), from €7,472 to €12,309
mainly Depreciation (+€19,640) and Net result for the year (+€5,265)
- Stocks and contracts +€1,443
up €1,443 (+8.3%), from €17,489 to €18,932
of which Stocks: +€12,054
- Debts after one year -€9,667
down €9,667 (-46.5%), from €20,791 to €11,125
- Reserves +€5,265
up €5,265 (+12.4%), from €42,423 to €47,688
- Current portion of long-term debt -€3,813
down €3,813 (-28.3%), from €13,480 to €9,667
- Gross operating margin +€8,596
up €8,596 (+43.5%), from €19,755 to €28,351
- Depreciation +€2,891
up €2,891 (+17.3%), from €16,750 to €19,640
- Taxes +€1,475
up €1,475 (+412.6%), from €357 to €1,833
- Other operating charges +€407
up €407 (+136.6%), from €298 to €705
- Financial charges -€328
down €328 (-26.5%), from €1,236 to €908
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.
Cash bridge derived
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 | €89,605 | €82,646 | -€6,960 | -7.8% |
| Fixed assets | 21/28 | €63,377 | €43,737 | -€19,640 | -31.0% |
| Tangible fixed assets | 22/27 | €63,377 | €43,737 | -€19,640 | -31.0% |
| Plant, machinery and equipment | 23 | €4,186 | €2,790 | -€1,395 | -33.3% |
| Furniture and vehicles | 24 | €49,861 | €32,723 | -€17,138 | -34.4% |
| Other tangible fixed assets | 26 | €9,330 | €8,223 | -€1,107 | -11.9% |
| Current assets | 29/58 | €26,228 | €38,909 | +€12,680 | +48.3% |
| Stocks and contracts in progress | 3 | €17,489 | €18,932 | +€1,443 | +8.3% |
| Stocks | 30/36 | €6,877 | €18,932 | +€12,054 | +175.3% |
| Contracts in progress | 37 | €10,611 | €0 | -€10,611 | -100.0% |
| Amounts receivable within one year | 40/41 | €809 | €7,186 | +€6,377 | +788.1% |
| Trade receivables | 40 | €0 | €383 | +€383 | |
| Other amounts receivable | 41 | €809 | €6,804 | +€5,995 | +740.8% |
| Cash at bank and in hand | 54/58 | €7,472 | €12,309 | +€4,837 | +64.7% |
| Deferred charges and accrued income | 490/1 | €458 | €482 | +€23 | +5.1% |
| Total equity and liabilities | 10/49 | €89,605 | €82,646 | -€6,960 | -7.8% |
| Equity | 10/15 | €47,423 | €52,688 | +€5,265 | +11.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,423 | €47,688 | +€5,265 | +12.4% |
| Distributable reserves | 133 | €42,423 | €47,688 | +€5,265 | +12.4% |
| Amounts payable | 17/49 | €42,182 | €29,957 | -€12,225 | -29.0% |
| Amounts payable after more than one year | 17 | €20,791 | €11,125 | -€9,667 | -46.5% |
| Financial debts | 170/4 | €20,791 | €11,125 | -€9,667 | -46.5% |
| Amounts payable within one year | 42/48 | €21,391 | €18,832 | -€2,558 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €13,480 | €9,667 | -€3,813 | -28.3% |
| Trade debts | 44 | €2,772 | €3,423 | +€651 | +23.5% |
| Suppliers | 440/4 | €2,772 | €3,423 | +€651 | +23.5% |
| Taxes, remuneration and social security | 45 | €5,138 | €5,743 | +€604 | +11.8% |
| Taxes | 450/3 | €2,781 | €5,743 | +€2,961 | +106.5% |
| Remuneration and social security | 454/9 | €2,357 | €0 | -€2,357 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,750 | €19,640 | +€2,891 | +17.3% |
| Other operating charges | 640/8 | €298 | €705 | +€407 | +136.6% |
| Gross operating margin | 9900 | €19,755 | €28,351 | +€8,596 | +43.5% |
| Operating profit (loss) | 9901 | €2,707 | €8,006 | +€5,298 | +195.7% |
| Financial income | 75/76B | €4 | €0 | -€4 | -97.5% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -97.5% |
| Financial charges | 65/66B | €1,236 | €908 | -€328 | -26.5% |
| Recurring financial charges | 65 | €1,236 | €908 | -€328 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €1,475 | €7,097 | +€5,623 | +381.2% |
| Income taxes | 67/77 | €357 | €1,833 | +€1,475 | +412.6% |
| Profit (loss) for the period | 9904 | €1,117 | €5,265 | +€4,147 | +371.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,117 | €5,265 | +€4,147 | +371.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.