HYBRID Software Development: 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.
What changed
HYBRID Software Development
NACE 26.200, Manufacture of computer, electronic and optical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€151,824
2024 · -€1.8m+€1.6m
Equity
€10.4m
2024 · €10.6m-€151,824
Cash
€334,723
2024 · €211,783+€122,940
Balance sheet total
€20.2m
2024 · €21.6m-€1.4m
Largest movements
Assets
- Intangible fixed assets -€2.6m
down €2.6m (-22.8%), from €11.5m to €8.9m
- Financial fixed assets +€799,252
up €799,252 (+11.7%), from €6.8m to €7.6m
of which Affiliated companies: +€799,252
- Deferred charges and accrued income +€247,726
up €247,726 (+117.4%), from €211,099 to €458,825
Equity and liabilities
- Debts after one year -€4.6m
down €4.6m (-85.9%), from €5.3m to €750,000
of which Financial debts: -€5.3m
- Current portion of long-term debt +€1.2m
up €1.2m (+40.8%), from €2.9m to €4.1m
- Accrued charges and deferred income +€865,664
up €865,664 (+55.8%), from €1.6m to €2.4m
- Advances received +€439,040
new in 2025: €439,040
- Trade debts +€341,672
up €341,672 (+49.5%), from €690,559 to €1.0m
Income statement
- Turnover +€2.7m
up €2.7m (+24.8%), from €10.8m to €13.5m
- Services and other goods +€1.6m
up €1.6m (+32.5%), from €4.9m to €6.4m
- Financial income +€710,407
up €710,407 (+5224.5%), from €13,598 to €724,005
of which Non-recurring financial income: +€702,083
- Depreciation +€352,777
up €352,777 (+8.3%), from €4.3m to €4.6m
- Write-downs -€311,397
down €311,397 (-32.1%), from €970,000 to €658,603
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
-€1.8m
Turnover
+€2.7m
Other operating income
-€6,283
Goods and materials
-€1,171
Services and other goods
-€1.6m
Staff costs
-€240,178
Depreciation
-€352,777
Write-downs
+€311,397
Other operating charges
+€1,484
Other operating items
-€106,670
Financial income
+€710,407
Financial charges
+€197,217
Taxes
+€139
Result 2025
-€151,824
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.
From operations
+€6.3m
Investment
-€2.8m
Financing
-€3.4m
Cash 2024
€211,783
From operations (derived)
+€6.3m
Net result for the year
-€151,824
Depreciation
+€4.6m
Smaller working-capital items
-€5,017
Deferred charges and accrued income
-€247,726
Trade debts
+€341,672
Tax, wage and social debts
+€173,489
Advances received
+€439,040
Other debts
+€292,832
Accrued charges and deferred income
+€865,664
Investment (derived)
-€2.8m
Investment in fixed assets (net)
-€2.8m
Financing
-€3.4m
Debts after one year
-€4.6m
Current portion of long-term debt
+€1.2m
Cash 2025
€334,723
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,583,068 | €20,168,941 | -€1.4m | -6.6% |
| Fixed assets | 21/28 | €18,575,550 | €16,785,739 | -€1.8m | -9.6% |
| Intangible fixed assets | 21 | €11,504,099 | €8,884,811 | -€2.6m | -22.8% |
| Tangible fixed assets | 22/27 | €257,187 | €287,414 | +€30,226 | +11.8% |
| Plant, machinery and equipment | 23 | €56,230 | €76,377 | +€20,147 | +35.8% |
| Furniture and vehicles | 24 | €134,249 | €157,307 | +€23,059 | +17.2% |
| Other tangible fixed assets | 26 | €66,708 | €53,729 | -€12,979 | -19.5% |
| Financial fixed assets | 28 | €6,814,263 | €7,613,515 | +€799,252 | +11.7% |
| Affiliated companies | 280/1 | €6,812,248 | €7,611,500 | +€799,252 | +11.7% |
| Participating interests | 280 | €6,812,248 | €7,611,500 | +€799,252 | +11.7% |
| Other financial fixed assets | 284/8 | €2,015 | €2,015 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,015 | €2,015 | = | 0.0% |
| Current assets | 29/58 | €3,007,518 | €3,383,201 | +€375,683 | +12.5% |
| Stocks and contracts in progress | 3 | €4,684 | - | -€4,684 | |
| Contracts in progress | 37 | €4,684 | - | -€4,684 | |
| Amounts receivable within one year | 40/41 | €2,579,952 | €2,589,653 | +€9,701 | +0.4% |
| Trade receivables | 40 | €2,339,575 | €2,583,503 | +€243,928 | +10.4% |
| Other amounts receivable | 41 | €240,377 | €6,150 | -€234,227 | -97.4% |
| Cash at bank and in hand | 54/58 | €211,783 | €334,723 | +€122,940 | +58.1% |
| Deferred charges and accrued income | 490/1 | €211,099 | €458,825 | +€247,726 | +117.4% |
| Total equity and liabilities | 10/49 | €21,583,068 | €20,168,941 | -€1.4m | -6.6% |
| Equity | 10/15 | €10,595,204 | €10,443,380 | -€151,824 | -1.4% |
| Contributions | 10/11 | €12,150,000 | €12,150,000 | = | 0.0% |
| Capital | 10 | €12,150,000 | €12,150,000 | = | 0.0% |
| Issued capital | 100 | €12,150,000 | €12,150,000 | = | 0.0% |
| Reserves | 13 | €169,756 | €169,756 | = | 0.0% |
| Non-distributable reserves | 130/1 | €169,756 | €169,756 | = | 0.0% |
| Legal reserve | 130 | €169,756 | €169,756 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,724,553 | -€1,876,376 | -€151,824 | -8.8% |
| Amounts payable | 17/49 | €10,987,864 | €9,725,561 | -€1.3m | -11.5% |
| Amounts payable after more than one year | 17 | €5,325,000 | €750,000 | -€4.6m | -85.9% |
| Financial debts | 170/4 | €5,320,000 | - | -€5.3m | |
| Other loans | 174 | €5,320,000 | - | -€5.3m | |
| Other amounts payable | 178/9 | €5,000 | €750,000 | +€745,000 | +14900.0% |
| Amounts payable within one year | 42/48 | €4,110,719 | €6,557,752 | +€2.4m | +59.5% |
| Current portion of amounts payable after more than one year | 42 | €2,940,000 | €4,140,000 | +€1.2m | +40.8% |
| Trade debts | 44 | €690,559 | €1,032,231 | +€341,672 | +49.5% |
| Suppliers | 440/4 | €690,559 | €1,032,231 | +€341,672 | +49.5% |
| Advances received on contracts in progress | 46 | - | €439,040 | +€439,040 | |
| Taxes, remuneration and social security | 45 | €475,160 | €648,648 | +€173,489 | +36.5% |
| Taxes | 450/3 | €83,243 | €122,497 | +€39,254 | +47.2% |
| Remuneration and social security | 454/9 | €391,917 | €526,152 | +€134,235 | +34.3% |
| Other amounts payable | 47/48 | €5,000 | €297,832 | +€292,832 | +5856.6% |
| Accrued charges and deferred income | 492/3 | €1,552,145 | €2,417,809 | +€865,664 | +55.8% |
| Operating income | 70/76A | €12,196,286 | €14,766,825 | +€2.6m | +21.1% |
| Turnover | 70 | €10,840,016 | €13,530,872 | +€2.7m | +24.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €4,684 | -€4,684 | -€9,368 | |
| Own construction capitalised | 72 | €1,200,000 | €1,095,000 | -€105,000 | -8.8% |
| Other operating income | 74 | €151,586 | €145,304 | -€6,283 | -4.1% |
| Non-recurring operating income | 76A | €0 | €333 | +€333 | +555066.7% |
| Operating charges | 60/66A | €13,423,707 | €15,274,066 | +€1.9m | +13.8% |
| Goods for resale, raw materials and consumables | 60 | €482,450 | €483,621 | +€1,171 | +0.2% |
| Purchases | 600/8 | €482,450 | €483,621 | +€1,171 | +0.2% |
| Services and other goods | 61 | €4,854,331 | €6,430,811 | +€1.6m | +32.5% |
| Remuneration, social security and pensions | 62 | €2,826,598 | €3,066,776 | +€240,178 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,275,140 | €4,627,917 | +€352,777 | +8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €970,000 | €658,603 | -€311,397 | -32.1% |
| Other operating charges | 640/8 | €7,823 | €6,338 | -€1,484 | -19.0% |
| Non-recurring operating charges | 66A | €7,365 | - | -€7,365 | |
| Operating profit (loss) | 9901 | -€1,227,421 | -€507,241 | +€720,179 | +58.7% |
| Financial income | 75/76B | €13,598 | €724,005 | +€710,407 | +5224.5% |
| Recurring financial income | 75 | €13,598 | €21,922 | +€8,324 | +61.2% |
| Other financial income | 752/9 | €13,598 | €21,922 | +€8,324 | +61.2% |
| Non-recurring financial income | 76B | - | €702,083 | +€702,083 | |
| Financial charges | 65/66B | €562,352 | €365,135 | -€197,217 | -35.1% |
| Recurring financial charges | 65 | €562,352 | €365,135 | -€197,217 | -35.1% |
| Debt charges | 650 | €323,271 | €224,598 | -€98,673 | -30.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €230,000 | - | -€230,000 | |
| Other financial charges | 652/9 | €9,081 | €140,537 | +€131,456 | +1447.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,776,175 | -€148,372 | +€1.6m | +91.6% |
| Income taxes | 67/77 | €3,590 | €3,451 | -€139 | -3.9% |
| Taxes | 670/3 | €3,590 | €3,451 | -€139 | -3.9% |
| Profit (loss) for the period | 9904 | -€1,779,765 | -€151,824 | +€1.6m | +91.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,779,765 | -€151,824 | +€1.6m | +91.5% |
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 29 September 2026 via checked.be.