HYARMENDACIL: 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.
What changed
HYARMENDACIL
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · -€60,154+€1.4m
Equity
€1.9m
2024 · €726,844+€1.1m
Cash
€48
2024 · €205-€158
Balance sheet total
€2.4m
2024 · €3.8m-€1.4m
Largest movements
Assets
- Financial fixed assets -€3.1m
down €3.1m (-100%), from €3.1m to €0
- Receivables within one year +€2.2m
up €2.2m (+1,445%), from €154,543 to €2.4m
of which Other amounts receivable: +€2.2m
- Tangible fixed assets -€576,343
down €576,343 (-100%), from €576,343 to €0
of which Land and buildings: -€574,117
Equity and liabilities
- Other debts -€2.5m
down €2.5m (-100%), from €2.5m to €0
- Reserves +€1.3m
up €1.3m (+605%), from €217,569 to €1.5m
of which Tax-exempt reserves: +€1.3m
- Provisions +€500,834
new in 2025: €500,834
- Debts after one year -€258,197
down €258,197 (-100%), from €258,197 to €0
- Tax, wage and social debts -€190,519
down €190,519 (-99.4%), from €191,656 to €1,137
of which Remuneration and social security: -€140,090
Income statement
- Gross operating margin +€2.0m
up €2.0m (+10,967%), from €17,928 to €2.0m
- Other operating charges +€75,295
up €75,295 (+233%), from €32,363 to €107,658
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.
Result 2024
-€60,154
Gross operating margin
+€2.0m
Staff costs
+€7,711
Depreciation
+€9,148
Other operating charges
-€75,295
Financial income
-€1,982
Financial charges
-€409
Taxes
+€3,408
Deferred taxes and other
-€500,834
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€3.2m
Investment
+€3.6m
Financing
-€465,070
Cash 2024
€205
From operations (derived)
-€3.2m
Net result for the year
+€1.3m
Depreciation
+€29,678
Receivables within one year
-€2.2m
Deferred charges and accrued income
+€1,850
Provisions
+€500,834
Trade debts
-€118,909
Tax, wage and social debts
-€190,519
Other debts
-€2.5m
Investment (derived)
+€3.6m
Investment in fixed assets (net)
+€3.6m
Financing
-€465,070
Debts after one year
-€258,197
Short-term financial debts
+€172
Contributions, distributions and other
-€207,045
Cash 2025
€48
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,804,345 | €2,387,570 | -€1.4m | -37.2% |
| Fixed assets | 21/28 | €3,647,746 | €0 | -€3.6m | -100% |
| Tangible fixed assets | 22/27 | €576,343 | €0 | -€576,343 | -100% |
| Land and buildings | 22 | €574,117 | €0 | -€574,117 | -100% |
| Plant, machinery and equipment | 23 | €386 | €0 | -€386 | -100% |
| Other tangible fixed assets | 26 | €1,839 | €0 | -€1,839 | -100% |
| Financial fixed assets | 28 | €3,071,403 | €0 | -€3.1m | -100% |
| Current assets | 29/58 | €156,599 | €2,387,570 | +€2.2m | +1,425% |
| Amounts receivable within one year | 40/41 | €154,543 | €2,387,523 | +€2.2m | +1,445% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €154,543 | €2,387,523 | +€2.2m | +1,445% |
| Cash at bank and in hand | 54/58 | €205 | €48 | -€158 | -76.8% |
| Deferred charges and accrued income | 490/1 | €1,850 | €0 | -€1,850 | -100% |
| Total equity and liabilities | 10/49 | €3,804,345 | €2,387,570 | -€1.4m | -37.2% |
| Equity | 10/15 | €726,844 | €1,867,470 | +€1.1m | +157% |
| Contributions | 10/11 | €219,386 | €156,893 | -€62,493 | -28.5% |
| Capital | 10 | €219,386 | €156,893 | -€62,493 | -28.5% |
| Issued capital | 100 | €219,386 | €156,893 | -€62,493 | -28.5% |
| Reserves | 13 | €217,569 | €1,533,236 | +€1.3m | +605% |
| Non-distributable reserves | 130/1 | €42,977 | €30,735 | -€12,242 | -28.5% |
| Legal reserve | 130 | €21,939 | €15,689 | -€6,249 | -28.5% |
| Reserves not available under the articles | 1311 | €21,038 | €15,045 | -€5,993 | -28.5% |
| Tax-exempt reserves | 132 | €174,592 | €1,502,501 | +€1.3m | +761% |
| Profit (loss) carried forward | 14 | €289,890 | €177,341 | -€112,549 | -38.8% |
| Provisions and deferred taxes | 16 | - | €500,834 | +€500,834 | |
| Deferred taxes | 168 | - | €500,834 | +€500,834 | |
| Amounts payable | 17/49 | €3,077,501 | €19,267 | -€3.1m | -99.4% |
| Amounts payable after more than one year | 17 | €258,197 | €0 | -€258,197 | -100% |
| Financial debts | 170/4 | €258,197 | €0 | -€258,197 | -100% |
| Amounts payable within one year | 42/48 | €2,819,303 | €19,267 | -€2.8m | -99.3% |
| Financial debts | 43 | €99 | €271 | +€172 | +173% |
| Credit institutions | 430/8 | €99 | €271 | +€172 | +173% |
| Trade debts | 44 | €136,768 | €17,859 | -€118,909 | -86.9% |
| Suppliers | 440/4 | €136,768 | €17,859 | -€118,909 | -86.9% |
| Taxes, remuneration and social security | 45 | €191,656 | €1,137 | -€190,519 | -99.4% |
| Taxes | 450/3 | €51,566 | €1,137 | -€50,430 | -97.8% |
| Remuneration and social security | 454/9 | €140,090 | €0 | -€140,090 | -100% |
| Other amounts payable | 47/48 | €2,490,780 | €0 | -€2.5m | -100% |
| Non-recurring operating income | 76A | €0 | €420 | +€420 | |
| Remuneration, social security and pensions | 62 | €7,711 | €0 | -€7,711 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,826 | €29,678 | -€9,148 | -23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €32,363 | €107,658 | +€75,295 | +233% |
| Gross operating margin | 9900 | €17,928 | €1,984,005 | +€2.0m | +10,967% |
| Operating profit (loss) | 9901 | -€60,971 | €1,846,669 | +€1.9m | |
| Financial income | 75/76B | €2,111 | €130 | -€1,982 | -93.8% |
| Recurring financial income | 75 | €2,111 | €130 | -€1,982 | -93.8% |
| Financial charges | 65/66B | €131 | €540 | +€409 | +312% |
| Recurring financial charges | 65 | €131 | €540 | +€409 | +312% |
| Profit (loss) for the period before taxes | 9903 | -€58,991 | €1,846,260 | +€1.9m | |
| Transfer to deferred taxes | 680 | - | €500,834 | +€500,834 | |
| Income taxes | 67/77 | €1,163 | -€2,244 | -€3,408 | |
| Profit (loss) for the period | 9904 | -€60,154 | €1,347,670 | +€1.4m | |
| Transfer from tax-exempt reserves | 789 | - | €124,859 | +€124,859 | |
| Transfer to tax-exempt reserves | 689 | - | €1,502,501 | +€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,154 | -€29,972 | +€30,182 | +50.2% |
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 28 October 2026 via checked.be.