HYFOPACK: 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.
HYFOPACK
Largest movements
- Financial fixed assets -€398,433
down €398,433 (-53.2%), from €748,500 to €350,067
- Profit (loss) carried forward -€364,907
new in 2023: -€364,907
- Debts after one year -€90,000
down €90,000 (-30.2%), from €297,800 to €207,800
- Other debts +€62,354
up €62,354 (+2100.8%), from €2,968 to €65,322
- Financial charges +€399,033
up €399,033 (+14491.9%), from €2,754 to €401,787
of which Non-recurring financial charges: +€398,433
- Gross operating margin +€32,613
up €32,613 (+657.0%), from €4,964 to €37,577
- Depreciation -€1,122
no longer reported in 2023 (was €1,122)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €785,291 | €394,860 | -€390,431 | -49.7% |
| Fixed assets | 21/28 | €748,744 | €350,067 | -€398,677 | -53.2% |
| Tangible fixed assets | 22/27 | €244 | - | -€244 | |
| Plant, machinery and equipment | 23 | €244 | - | -€244 | |
| Financial fixed assets | 28 | €748,500 | €350,067 | -€398,433 | -53.2% |
| Current assets | 29/58 | €36,547 | €44,793 | +€8,246 | +22.6% |
| Amounts receivable within one year | 40/41 | €26,318 | €28,859 | +€2,541 | +9.7% |
| Trade receivables | 40 | €26,318 | €28,859 | +€2,541 | +9.7% |
| Cash at bank and in hand | 54/58 | €10,230 | €15,935 | +€5,705 | +55.8% |
| Total equity and liabilities | 10/49 | €785,291 | €394,860 | -€390,431 | -49.7% |
| Equity | 10/15 | €385,407 | €20,499 | -€364,907 | -94.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €366,815 | €366,815 | = | 0.0% |
| Non-distributable reserves | 130/1 | €187 | €187 | = | 0.0% |
| Reserves not available under the articles | 1311 | €187 | €187 | = | 0.0% |
| Distributable reserves | 133 | €366,627 | €366,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€364,907 | -€364,907 | |
| Amounts payable | 17/49 | €399,884 | €374,361 | -€25,523 | -6.4% |
| Amounts payable after more than one year | 17 | €297,800 | €207,800 | -€90,000 | -30.2% |
| Financial debts | 170/4 | €297,800 | €207,800 | -€90,000 | -30.2% |
| Amounts payable within one year | 42/48 | €100,232 | €166,561 | +€66,329 | +66.2% |
| Current portion of amounts payable after more than one year | 42 | €27,000 | €27,000 | = | 0.0% |
| Trade debts | 44 | €68,485 | €68,659 | +€174 | +0.3% |
| Suppliers | 440/4 | €68,485 | €68,659 | +€174 | +0.3% |
| Taxes, remuneration and social security | 45 | €1,780 | €5,579 | +€3,800 | +213.5% |
| Taxes | 450/3 | €1,780 | €5,579 | +€3,800 | +213.5% |
| Other amounts payable | 47/48 | €2,968 | €65,322 | +€62,354 | +2100.8% |
| Accrued charges and deferred income | 492/3 | €1,852 | - | -€1,852 | |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,122 | - | -€1,122 | |
| Other operating charges | 640/8 | €990 | €681 | -€309 | -31.2% |
| Gross operating margin | 9900 | €4,964 | €37,577 | +€32,613 | +657.0% |
| Operating profit (loss) | 9901 | €2,852 | €36,897 | +€34,045 | +1193.8% |
| Financial charges | 65/66B | €2,754 | €401,787 | +€399,033 | +14491.9% |
| Recurring financial charges | 65 | €2,754 | €3,354 | +€601 | +21.8% |
| Non-recurring financial charges | 66B | - | €398,433 | +€398,433 | |
| Profit (loss) for the period before taxes | 9903 | €98 | -€364,890 | -€364,989 | |
| Income taxes | 67/77 | €19 | €17 | -€2 | -11.8% |
| Profit (loss) for the period | 9904 | €79 | -€364,907 | -€364,986 | |
| Profit (loss) for the period to be appropriated | 9905 | €79 | -€364,907 | -€364,986 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.