HYCS: 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.
HYCS
Largest movements
- Tangible fixed assets +€181,557
up €181,557 (+26.8%), from €677,247 to €858,803
- Debts after one year +€125,805
up €125,805 (+32.2%), from €391,106 to €516,912
of which Financial debts: +€112,168
- Current portion of long-term debt +€24,012
up €24,012 (+51.1%), from €47,003 to €71,015
- Reserves +€22,307
up €22,307 (+9.8%), from €226,489 to €248,796
of which Distributable reserves: +€22,307
- Tax, wage and social debts +€13,630
up €13,630 (+193.0%), from €7,061 to €20,691
- Gross operating margin +€47,486
up €47,486 (+48.9%), from €97,164 to €144,649
- Depreciation +€13,226
up €13,226 (+53.6%), from €24,686 to €37,912
- Taxes +€11,785
up €11,785 (+84.1%), from €14,013 to €25,798
- Financial charges +€2,680
up €2,680 (+31.5%), from €8,501 to €11,181
of which Financial charges: +€2,680
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 | €714,399 | €907,832 | +€193,433 | +27.1% |
| Fixed assets | 21/28 | €677,247 | €858,803 | +€181,557 | +26.8% |
| Tangible fixed assets | 22/27 | €677,247 | €858,803 | +€181,557 | +26.8% |
| Land and buildings | 22 | €187,087 | €216,006 | +€28,919 | +15.5% |
| Plant, machinery and equipment | 23 | €1,517 | €3,922 | +€2,405 | +158.5% |
| Furniture and vehicles | 24 | €12,804 | €80,245 | +€67,441 | +526.7% |
| Other tangible fixed assets | 26 | €475,839 | €558,630 | +€82,791 | +17.4% |
| Current assets | 29/58 | €37,152 | €49,029 | +€11,877 | +32.0% |
| Amounts receivable within one year | 40/41 | €25,171 | €32,121 | +€6,950 | +27.6% |
| Trade receivables | 40 | €22,183 | €22,910 | +€726 | +3.3% |
| Other amounts receivable | 41 | €2,988 | €9,212 | +€6,224 | +208.3% |
| Cash at bank and in hand | 54/58 | €10,431 | €14,172 | +€3,741 | +35.9% |
| Deferred charges and accrued income | 490/1 | €1,550 | €2,735 | +€1,185 | +76.5% |
| Total equity and liabilities | 10/49 | €714,399 | €907,832 | +€193,433 | +27.1% |
| Equity | 10/15 | €267,231 | €289,538 | +€22,307 | +8.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €22,192 | €22,192 | = | 0.0% |
| Reserves | 13 | €226,489 | €248,796 | +€22,307 | +9.8% |
| Tax-exempt reserves | 132 | €7,282 | €7,282 | = | 0.0% |
| Distributable reserves | 133 | €219,207 | €241,514 | +€22,307 | +10.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €447,168 | €618,294 | +€171,127 | +38.3% |
| Amounts payable after more than one year | 17 | €391,106 | €516,912 | +€125,805 | +32.2% |
| Financial debts | 170/4 | €386,799 | €498,967 | +€112,168 | +29.0% |
| Other amounts payable | 178/9 | €4,307 | €17,945 | +€13,638 | +316.6% |
| Amounts payable within one year | 42/48 | €55,929 | €101,168 | +€45,239 | +80.9% |
| Current portion of amounts payable after more than one year | 42 | €47,003 | €71,015 | +€24,012 | +51.1% |
| Financial debts | 43 | - | €6,725 | +€6,725 | |
| Credit institutions | 430/8 | - | €6,725 | +€6,725 | |
| Trade debts | 44 | €1,865 | €2,737 | +€872 | +46.8% |
| Suppliers | 440/4 | €1,865 | €2,737 | +€872 | +46.8% |
| Taxes, remuneration and social security | 45 | €7,061 | €20,691 | +€13,630 | +193.0% |
| Taxes | 450/3 | €7,061 | €20,691 | +€13,630 | +193.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €132 | €214 | +€82 | +62.3% |
| Non-recurring operating income | 76A | - | €14 | +€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,686 | €37,912 | +€13,226 | +53.6% |
| Other operating charges | 640/8 | €1,988 | €1,769 | -€219 | -11.0% |
| Non-recurring operating charges | 66A | €400 | €945 | +€545 | +136.2% |
| Gross operating margin | 9900 | €97,164 | €144,649 | +€47,486 | +48.9% |
| Operating profit (loss) | 9901 | €70,089 | €104,023 | +€33,934 | +48.4% |
| Financial income | 75/76B | €241 | €262 | +€21 | +8.7% |
| Recurring financial income | 75 | €241 | €262 | +€21 | +8.7% |
| Financial charges | 65/66B | €8,501 | €11,181 | +€2,680 | +31.5% |
| Recurring financial charges | 65 | €8,501 | €11,181 | +€2,680 | +31.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €61,829 | €93,104 | +€31,275 | +50.6% |
| Income taxes | 67/77 | €14,013 | €25,798 | +€11,785 | +84.1% |
| Profit (loss) for the period | 9904 | €47,817 | €67,307 | +€19,490 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,817 | €67,307 | +€19,490 | +40.8% |
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 1 October 2026 via checked.be.