HYFOCOM: 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.
HYFOCOM
Largest movements
- Tangible fixed assets -€66,912
down €66,912 (-3.4%), from €2.0m to €1.9m
of which Land and buildings: -€64,288
- Debts after one year -€102,336
down €102,336 (-8.3%), from €1.2m to €1.1m
- Reserves +€69,044
up €69,044 (+34.6%), from €199,620 to €268,665
of which Distributable reserves: +€69,044
- Gross operating margin -€6,581
down €6,581 (-3.1%), from €210,054 to €203,473
- Taxes +€5,631
up €5,631 (+20.9%), from €26,877 to €32,507
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 | €2,137,949 | €2,087,434 | -€50,515 | -2.4% |
| Fixed assets | 21/28 | €1,996,069 | €1,929,157 | -€66,912 | -3.4% |
| Tangible fixed assets | 22/27 | €1,996,069 | €1,929,157 | -€66,912 | -3.4% |
| Land and buildings | 22 | €1,980,441 | €1,916,153 | -€64,288 | -3.2% |
| Plant, machinery and equipment | 23 | €15,628 | €13,004 | -€2,624 | -16.8% |
| Current assets | 29/58 | €141,880 | €158,277 | +€16,397 | +11.6% |
| Amounts receivable within one year | 40/41 | €10,123 | €12,563 | +€2,440 | +24.1% |
| Other amounts receivable | 41 | €10,123 | €12,563 | +€2,440 | +24.1% |
| Cash at bank and in hand | 54/58 | €128,045 | €145,707 | +€17,662 | +13.8% |
| Deferred charges and accrued income | 490/1 | €3,712 | €7 | -€3,705 | -99.8% |
| Total equity and liabilities | 10/49 | €2,137,949 | €2,087,434 | -€50,515 | -2.4% |
| Equity | 10/15 | €780,433 | €849,478 | +€69,044 | +8.8% |
| Contributions | 10/11 | €265,000 | €265,000 | = | 0.0% |
| Outside capital | 11 | €265,000 | €265,000 | = | 0.0% |
| Other | 1109/19 | €265,000 | €265,000 | = | 0.0% |
| Reserves | 13 | €199,620 | €268,665 | +€69,044 | +34.6% |
| Non-distributable reserves | 130/1 | €26,500 | €26,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,500 | €26,500 | = | 0.0% |
| Distributable reserves | 133 | €173,120 | €242,165 | +€69,044 | +39.9% |
| Profit (loss) carried forward | 14 | €315,813 | €315,813 | = | 0.0% |
| Amounts payable | 17/49 | €1,357,516 | €1,237,956 | -€119,559 | -8.8% |
| Amounts payable after more than one year | 17 | €1,229,379 | €1,127,043 | -€102,336 | -8.3% |
| Financial debts | 170/4 | €1,229,379 | €1,127,043 | -€102,336 | -8.3% |
| Amounts payable within one year | 42/48 | €128,136 | €110,913 | -€17,223 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €101,201 | €102,336 | +€1,134 | +1.1% |
| Trade debts | 44 | €9,075 | - | -€9,075 | |
| Suppliers | 440/4 | €9,075 | - | -€9,075 | |
| Taxes, remuneration and social security | 45 | €12,903 | €3,039 | -€9,864 | -76.4% |
| Taxes | 450/3 | €12,903 | €3,039 | -€9,864 | -76.4% |
| Other amounts payable | 47/48 | €4,957 | €5,538 | +€581 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,575 | €66,912 | +€337 | +0.5% |
| Other operating charges | 640/8 | €19,999 | €20,626 | +€627 | +3.1% |
| Gross operating margin | 9900 | €210,054 | €203,473 | -€6,581 | -3.1% |
| Operating profit (loss) | 9901 | €123,480 | €115,935 | -€7,545 | -6.1% |
| Financial charges | 65/66B | €15,692 | €14,383 | -€1,308 | -8.3% |
| Recurring financial charges | 65 | €15,692 | €14,383 | -€1,308 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €107,789 | €101,552 | -€6,237 | -5.8% |
| Income taxes | 67/77 | €26,877 | €32,507 | +€5,631 | +20.9% |
| Profit (loss) for the period | 9904 | €80,912 | €69,044 | -€11,868 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,912 | €69,044 | -€11,868 | -14.7% |
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 2 October 2026 via checked.be.