HYA: 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.
HYA
Largest movements
- Receivables within one year +€17,702
up €17,702 (+135.3%), from €13,079 to €30,781
of which Trade receivables: +€17,702
- Cash +€6,942
new in 2025: €6,942
mainly Depreciation (+€35,945) and Net result for the year (+€30,384)
- Tangible fixed assets +€4,569
up €4,569 (+2.4%), from €188,981 to €193,549
of which Plant, machinery and equipment: +€31,280
- Profit (loss) carried forward +€30,384
up €30,384 (+52.8%), from -€57,524 to -€27,141
- Other debts -€12,709
down €12,709 (-14.5%), from €87,741 to €75,032
- Current portion of long-term debt +€7,154
up €7,154 (+31.4%), from €22,761 to €29,915
- Debts after one year +€3,030
up €3,030 (+2.8%), from €108,545 to €111,575
- Advances received +€2,735
new in 2025: €2,735
- Gross operating margin +€23,588
up €23,588 (+42.2%), from €55,958 to €79,546
- Taxes +€4,714
new in 2025: €4,714
- Depreciation +€2,118
up €2,118 (+6.3%), from €33,826 to €35,945
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 | €202,245 | €231,458 | +€29,213 | +14.4% |
| Fixed assets | 21/28 | €189,166 | €193,734 | +€4,569 | +2.4% |
| Tangible fixed assets | 22/27 | €188,981 | €193,549 | +€4,569 | +2.4% |
| Plant, machinery and equipment | 23 | €27,857 | €59,137 | +€31,280 | +112.3% |
| Furniture and vehicles | 24 | €45,585 | €31,026 | -€14,559 | -31.9% |
| Other tangible fixed assets | 26 | €115,539 | €103,387 | -€12,152 | -10.5% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €13,079 | €37,724 | +€24,644 | +188.4% |
| Amounts receivable within one year | 40/41 | €13,079 | €30,781 | +€17,702 | +135.3% |
| Trade receivables | 40 | €13,041 | €30,743 | +€17,702 | +135.7% |
| Other amounts receivable | 41 | €38 | €38 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €6,942 | +€6,942 | |
| Total equity and liabilities | 10/49 | €202,245 | €231,458 | +€29,213 | +14.4% |
| Equity | 10/15 | -€30,393 | -€9 | +€30,384 | +100.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,531 | €8,531 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,085 | €3,085 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,085 | €3,085 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €5,447 | €5,447 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,524 | -€27,141 | +€30,384 | +52.8% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €232,638 | €231,467 | -€1,171 | -0.5% |
| Amounts payable after more than one year | 17 | €108,545 | €111,575 | +€3,030 | +2.8% |
| Financial debts | 170/4 | €108,545 | €111,575 | +€3,030 | +2.8% |
| Amounts payable within one year | 42/48 | €124,093 | €119,892 | -€4,201 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €22,761 | €29,915 | +€7,154 | +31.4% |
| Financial debts | 43 | €1,298 | €0 | -€1,298 | -100.0% |
| Credit institutions | 430/8 | €1,298 | €0 | -€1,298 | -100.0% |
| Trade debts | 44 | €5,474 | €3,964 | -€1,510 | -27.6% |
| Suppliers | 440/4 | €5,474 | €3,964 | -€1,510 | -27.6% |
| Advances received on contracts in progress | 46 | - | €2,735 | +€2,735 | |
| Taxes, remuneration and social security | 45 | €6,819 | €8,246 | +€1,428 | +20.9% |
| Taxes | 450/3 | €6,819 | €8,246 | +€1,428 | +20.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €87,741 | €75,032 | -€12,709 | -14.5% |
| Non-recurring operating income | 76A | €0 | €530 | +€530 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,826 | €35,945 | +€2,118 | +6.3% |
| Other operating charges | 640/8 | €2,721 | €3,158 | +€437 | +16.1% |
| Gross operating margin | 9900 | €55,958 | €79,546 | +€23,588 | +42.2% |
| Operating profit (loss) | 9901 | €19,411 | €40,443 | +€21,033 | +108.4% |
| Financial income | 75/76B | €4 | €0 | -€3 | -91.5% |
| Recurring financial income | 75 | €4 | €0 | -€3 | -91.5% |
| Financial charges | 65/66B | €4,633 | €5,347 | +€714 | +15.4% |
| Recurring financial charges | 65 | €4,633 | €5,347 | +€714 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €14,781 | €35,097 | +€20,316 | +137.4% |
| Transfer from deferred taxes | 780 | €1,386 | €0 | -€1,386 | -100.0% |
| Income taxes | 67/77 | - | €4,714 | +€4,714 | |
| Profit (loss) for the period | 9904 | €16,167 | €30,384 | +€14,216 | +87.9% |
| Transfer from tax-exempt reserves | 789 | €3,234 | €0 | -€3,234 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,401 | €30,384 | +€10,982 | +56.6% |
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 5 October 2026 via checked.be.