HYGEIA: 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.
HYGEIA
Largest movements
- Receivables after one year +€216,320
new in 2025: €216,320
- Receivables within one year -€159,606
down €159,606 (-83.7%), from €190,628 to €31,022
of which Other amounts receivable: -€149,066
- Current investments +€18,000
up €18,000 (+45.6%), from €39,500 to €57,500
- Cash +€12,065
up €12,065 (+31.4%), from €38,392 to €50,457
mainly Receivables within one year (+€159,606) and Other debts (+€132,327)
- Other debts +€132,327
new in 2025: €132,327
- Reserves -€65,747
down €65,747 (-26.4%), from €249,109 to €183,362
of which Distributable reserves: -€65,747
- Tax, wage and social debts +€14,575
up €14,575 (+186%), from €7,840 to €22,415
of which Taxes: +€13,520
- Trade debts +€5,363
up €5,363 (+203%), from €2,639 to €8,003
- Gross operating margin +€56,814
up €56,814 (+74.2%), from €76,600 to €133,414
- Taxes +€20,361
up €20,361 (+96.7%), from €21,066 to €41,427
- Staff costs +€7,551
new in 2025: €7,551
- Other operating charges -€1,894
down €1,894 (-72.9%), from €2,599 to €706
- Financial charges -€1,811
down €1,811 (-52.5%), from €3,450 to €1,639
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 | €284,194 | €368,986 | +€84,793 | +29.8% |
| Fixed assets | 21/28 | €14,881 | €12,973 | -€1,908 | -12.8% |
| Tangible fixed assets | 22/27 | €14,881 | €12,973 | -€1,908 | -12.8% |
| Plant, machinery and equipment | 23 | €8,866 | €6,638 | -€2,228 | -25.1% |
| Furniture and vehicles | 24 | €527 | €1,512 | +€985 | +187% |
| Other tangible fixed assets | 26 | €5,487 | €4,822 | -€665 | -12.1% |
| Current assets | 29/58 | €269,313 | €356,014 | +€86,701 | +32.2% |
| Amounts receivable after more than one year | 29 | - | €216,320 | +€216,320 | |
| Other amounts receivable | 291 | - | €216,320 | +€216,320 | |
| Amounts receivable within one year | 40/41 | €190,628 | €31,022 | -€159,606 | -83.7% |
| Trade receivables | 40 | €10,540 | - | -€10,540 | |
| Other amounts receivable | 41 | €180,087 | €31,022 | -€149,066 | -82.8% |
| Current investments | 50/53 | €39,500 | €57,500 | +€18,000 | +45.6% |
| Cash at bank and in hand | 54/58 | €38,392 | €50,457 | +€12,065 | +31.4% |
| Deferred charges and accrued income | 490/1 | €794 | €716 | -€78 | -9.8% |
| Total equity and liabilities | 10/49 | €284,194 | €368,986 | +€84,793 | +29.8% |
| Equity | 10/15 | €269,405 | €203,658 | -€65,747 | -24.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €249,109 | €183,362 | -€65,747 | -26.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €247,249 | €181,502 | -€65,747 | -26.6% |
| Profit (loss) carried forward | 14 | €7,896 | €7,896 | = | 0.0% |
| Amounts payable | 17/49 | €14,789 | €165,329 | +€150,540 | +1,018% |
| Amounts payable within one year | 42/48 | €14,789 | €165,329 | +€150,540 | +1,018% |
| Current portion of amounts payable after more than one year | 42 | €4,310 | €2,584 | -€1,725 | -40.0% |
| Trade debts | 44 | €2,639 | €8,003 | +€5,363 | +203% |
| Suppliers | 440/4 | €2,639 | €8,003 | +€5,363 | +203% |
| Taxes, remuneration and social security | 45 | €7,840 | €22,415 | +€14,575 | +186% |
| Taxes | 450/3 | €7,840 | €21,360 | +€13,520 | +172% |
| Remuneration and social security | 454/9 | - | €1,055 | +€1,055 | |
| Other amounts payable | 47/48 | - | €132,327 | +€132,327 | |
| Remuneration, social security and pensions | 62 | - | €7,551 | +€7,551 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,815 | €4,980 | +€165 | +3.4% |
| Other operating charges | 640/8 | €2,599 | €706 | -€1,894 | -72.9% |
| Gross operating margin | 9900 | €76,600 | €133,414 | +€56,814 | +74.2% |
| Operating profit (loss) | 9901 | €69,186 | €120,178 | +€50,992 | +73.7% |
| Financial income | 75/76B | €9,640 | €8,543 | -€1,097 | -11.4% |
| Recurring financial income | 75 | €9,640 | €8,543 | -€1,097 | -11.4% |
| Financial charges | 65/66B | €3,450 | €1,639 | -€1,811 | -52.5% |
| Recurring financial charges | 65 | €3,450 | €1,639 | -€1,811 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €75,376 | €127,082 | +€51,706 | +68.6% |
| Income taxes | 67/77 | €21,066 | €41,427 | +€20,361 | +96.7% |
| Profit (loss) for the period | 9904 | €54,310 | €85,655 | +€31,345 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,310 | €85,655 | +€31,345 | +57.7% |
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 17 October 2026 via checked.be.