HYALINE: 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.
HYALINE
Largest movements
- Cash +€38,465
up €38,465 (+39.3%), from €97,843 to €136,309
mainly Net result for the year (+€29,089) and Other debts (+€29,088)
- Receivables within one year +€22,725
up €22,725 (+30.7%), from €74,096 to €96,821
of which Other amounts receivable: +€24,944
- Tangible fixed assets -€13,998
down €13,998 (-40.0%), from €35,030 to €21,032
of which Furniture and vehicles: -€11,157
- Other debts +€29,088
new in 2025: €29,088
- Tax, wage and social debts +€18,963
up €18,963 (+167.1%), from €11,348 to €30,311
- Gross operating margin +€42,979
up €42,979 (+274.7%), from €15,648 to €58,627
- Taxes +€10,711
up €10,711 (+242.3%), from €4,420 to €15,131
- Other operating charges +€2,305
up €2,305 (+151.0%), from €1,527 to €3,832
- Financial income +€1,065
up €1,065 (+24.6%), from €4,332 to €5,397
- Depreciation -€650
down €650 (-4.0%), from €16,239 to €15,589
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 | €211,014 | €259,022 | +€48,007 | +22.8% |
| Fixed assets | 21/28 | €35,055 | €21,057 | -€13,998 | -39.9% |
| Tangible fixed assets | 22/27 | €35,030 | €21,032 | -€13,998 | -40.0% |
| Plant, machinery and equipment | 23 | €14,243 | €11,401 | -€2,841 | -20.0% |
| Furniture and vehicles | 24 | €17,597 | €6,440 | -€11,157 | -63.4% |
| Other tangible fixed assets | 26 | €3,191 | €3,191 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €175,959 | €237,965 | +€62,006 | +35.2% |
| Amounts receivable within one year | 40/41 | €74,096 | €96,821 | +€22,725 | +30.7% |
| Trade receivables | 40 | €2,219 | - | -€2,219 | |
| Other amounts receivable | 41 | €71,877 | €96,821 | +€24,944 | +34.7% |
| Cash at bank and in hand | 54/58 | €97,843 | €136,309 | +€38,465 | +39.3% |
| Deferred charges and accrued income | 490/1 | €4,020 | €4,835 | +€815 | +20.3% |
| Total equity and liabilities | 10/49 | €211,014 | €259,022 | +€48,007 | +22.8% |
| Equity | 10/15 | €196,954 | €196,954 | +€1 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,460 | €162,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €160,600 | €160,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,894 | €15,894 | +€1 | 0.0% |
| Amounts payable | 17/49 | €14,061 | €62,067 | +€48,007 | +341.4% |
| Amounts payable within one year | 42/48 | €14,061 | €62,067 | +€48,007 | +341.4% |
| Trade debts | 44 | €2,713 | €2,669 | -€44 | -1.6% |
| Suppliers | 440/4 | €2,713 | €2,669 | -€44 | -1.6% |
| Taxes, remuneration and social security | 45 | €11,348 | €30,311 | +€18,963 | +167.1% |
| Taxes | 450/3 | €11,348 | €30,311 | +€18,963 | +167.1% |
| Other amounts payable | 47/48 | - | €29,088 | +€29,088 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,239 | €15,589 | -€650 | -4.0% |
| Other operating charges | 640/8 | €1,527 | €3,832 | +€2,305 | +151.0% |
| Gross operating margin | 9900 | €15,648 | €58,627 | +€42,979 | +274.7% |
| Operating profit (loss) | 9901 | -€2,118 | €39,206 | +€41,324 | |
| Financial income | 75/76B | €4,332 | €5,397 | +€1,065 | +24.6% |
| Recurring financial income | 75 | €4,332 | €5,397 | +€1,065 | +24.6% |
| Financial charges | 65/66B | €326 | €383 | +€57 | +17.4% |
| Recurring financial charges | 65 | €326 | €383 | +€57 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €1,888 | €44,219 | +€42,332 | +2242.7% |
| Income taxes | 67/77 | €4,420 | €15,131 | +€10,711 | +242.3% |
| Profit (loss) for the period | 9904 | -€2,533 | €29,089 | +€31,621 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,533 | €29,089 | +€31,621 |
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 4 October 2026 via checked.be.