Hybrid Software: 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.
Hybrid Software
Largest movements
- Receivables within one year +€383,512
up €383,512 (+72.2%), from €531,261 to €914,773
of which Trade receivables: +€227,198
- Cash +€199,720
up €199,720 (+41.2%), from €485,322 to €685,042
mainly Accrued charges and deferred income (+€372,862) and Net result for the year (+€188,333)
- Deferred charges and accrued income +€164,492
up €164,492 (+128%), from €128,921 to €293,413
- Stocks and contracts +€33,426
up €33,426 (+18.0%), from €186,065 to €219,491
- Tangible fixed assets -€30,252
down €30,252 (-34.4%), from €87,899 to €57,647
of which Furniture and vehicles: -€30,025
- Accrued charges and deferred income +€372,862
up €372,862 (+128%), from €290,697 to €663,559
- Profit (loss) carried forward +€188,333
up €188,333 (+37.3%), from €504,648 to €692,981
- Trade debts +€141,206
up €141,206 (+76.6%), from €184,427 to €325,633
- Tax, wage and social debts +€45,951
up €45,951 (+27.9%), from €164,520 to €210,471
of which Remuneration and social security: +€43,989
- Turnover +€1.3m
up €1.3m (+34.8%), from €3.6m to €4.9m
- Goods and materials +€1.2m
up €1.2m (+89.4%), from €1.3m to €2.5m
- Financial charges -€401,232
down €401,232 (-91.7%), from €437,741 to €36,509
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 | €1,419,468 | €2,170,365 | +€750,897 | +52.9% |
| Fixed assets | 21/28 | €87,900 | €57,648 | -€30,252 | -34.4% |
| Tangible fixed assets | 22/27 | €87,899 | €57,647 | -€30,252 | -34.4% |
| Furniture and vehicles | 24 | €87,671 | €57,647 | -€30,025 | -34.2% |
| Other tangible fixed assets | 26 | €227 | - | -€227 | |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Affiliated companies | 280/1 | €1 | €1 | = | 0.0% |
| Participating interests | 280 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €1,331,569 | €2,112,718 | +€781,149 | +58.7% |
| Stocks and contracts in progress | 3 | €186,065 | €219,491 | +€33,426 | +18.0% |
| Contracts in progress | 37 | €186,065 | €219,491 | +€33,426 | +18.0% |
| Amounts receivable within one year | 40/41 | €531,261 | €914,773 | +€383,512 | +72.2% |
| Trade receivables | 40 | €486,031 | €713,228 | +€227,198 | +46.7% |
| Other amounts receivable | 41 | €45,230 | €201,544 | +€156,314 | +346% |
| Cash at bank and in hand | 54/58 | €485,322 | €685,042 | +€199,720 | +41.2% |
| Deferred charges and accrued income | 490/1 | €128,921 | €293,413 | +€164,492 | +128% |
| Total equity and liabilities | 10/49 | €1,419,468 | €2,170,365 | +€750,897 | +52.9% |
| Equity | 10/15 | €779,648 | €967,981 | +€188,333 | +24.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €504,648 | €692,981 | +€188,333 | +37.3% |
| Amounts payable | 17/49 | €639,821 | €1,202,385 | +€562,564 | +87.9% |
| Amounts payable within one year | 42/48 | €349,124 | €538,826 | +€189,702 | +54.3% |
| Trade debts | 44 | €184,427 | €325,633 | +€141,206 | +76.6% |
| Suppliers | 440/4 | €184,427 | €325,633 | +€141,206 | +76.6% |
| Advances received on contracts in progress | 46 | €177 | €2,723 | +€2,545 | +1,437% |
| Taxes, remuneration and social security | 45 | €164,520 | €210,471 | +€45,951 | +27.9% |
| Taxes | 450/3 | €27,273 | €29,235 | +€1,962 | +7.2% |
| Remuneration and social security | 454/9 | €137,247 | €181,236 | +€43,989 | +32.1% |
| Accrued charges and deferred income | 492/3 | €290,697 | €663,559 | +€372,862 | +128% |
| Operating income | 70/76A | €3,486,208 | €4,955,104 | +€1.5m | +42.1% |
| Turnover | 70 | €3,619,707 | €4,878,377 | +€1.3m | +34.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€179,798 | €33,426 | +€213,224 | |
| Other operating income | 74 | €46,298 | €43,302 | -€2,997 | -6.5% |
| Operating charges | 60/66A | €3,505,549 | €4,730,343 | +€1.2m | +34.9% |
| Goods for resale, raw materials and consumables | 60 | €1,308,198 | €2,477,362 | +€1.2m | +89.4% |
| Purchases | 600/8 | €1,308,198 | €2,477,362 | +€1.2m | +89.4% |
| Services and other goods | 61 | €1,235,129 | €1,263,704 | +€28,575 | +2.3% |
| Remuneration, social security and pensions | 62 | €931,848 | €959,424 | +€27,576 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,333 | €39,393 | -€6,939 | -15.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€23,171 | -€13,566 | +€9,605 | +41.5% |
| Other operating charges | 640/8 | €7,213 | €4,026 | -€3,187 | -44.2% |
| Operating profit (loss) | 9901 | -€19,342 | €224,761 | +€244,103 | |
| Financial income | 75/76B | €2,589 | €1,625 | -€963 | -37.2% |
| Recurring financial income | 75 | €2,589 | €1,625 | -€963 | -37.2% |
| Other financial income | 752/9 | €2,589 | €1,625 | -€963 | -37.2% |
| Financial charges | 65/66B | €437,741 | €36,509 | -€401,232 | -91.7% |
| Recurring financial charges | 65 | €437,741 | €36,509 | -€401,232 | -91.7% |
| Debt charges | 650 | €17 | - | -€17 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €434,682 | - | -€434,682 | |
| Other financial charges | 652/9 | €3,041 | €36,509 | +€33,468 | +1,100% |
| Profit (loss) for the period before taxes | 9903 | -€454,494 | €189,878 | +€644,372 | |
| Income taxes | 67/77 | €1,330 | €1,545 | +€215 | +16.2% |
| Taxes | 670/3 | €1,330 | €1,546 | +€217 | +16.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€455,823 | €188,333 | +€644,157 | |
| Profit (loss) for the period to be appropriated | 9905 | -€455,823 | €188,333 | +€644,157 |
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 14 October 2026 via checked.be.