HYGGE: 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.
HYGGE
Largest movements
- Stocks and contracts -€22,581
down €22,581 (-18.5%), from €121,847 to €99,266
- Cash +€10,711
up €10,711 (+25.4%), from €42,094 to €52,804
mainly Tax, wage and social debts (+€41,955) and Trade debts (+€32,714)
- Tangible fixed assets -€8,936
down €8,936 (-17.3%), from €51,554 to €42,619
of which Land and buildings: -€7,461
- Receivables within one year -€5,624
down €5,624 (-27.2%), from €20,668 to €15,044
of which Other amounts receivable: -€6,334
- Profit (loss) carried forward -€56,923
down €56,923 (-86.4%), from €65,859 to €8,936
- Tax, wage and social debts +€41,955
up €41,955 (+120.5%), from €34,811 to €76,766
of which Taxes: +€42,688
- Trade debts +€32,714
up €32,714 (+125.1%), from €26,140 to €58,854
- Short-term financial debts -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Current portion of long-term debt -€10,847
down €10,847 (-66.1%), from €16,410 to €5,563
- Gross operating margin -€39,769
down €39,769, from €33,704 to -€6,064
- Staff costs +€8,095
up €8,095 (+57.2%), from €14,143 to €22,239
- Other operating charges +€4,735
up €4,735 (+346.4%), from €1,367 to €6,102
- Financial income -€3,380
down €3,380 (-93.8%), from €3,604 to €225
of which Non-recurring financial income: -€2,542
- Financial charges +€2,460
up €2,460 (+22.3%), from €11,011 to €13,471
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 | €242,917 | €216,691 | -€26,226 | -10.8% |
| Fixed assets | 21/28 | €57,717 | €48,631 | -€9,086 | -15.7% |
| Intangible fixed assets | 21 | €150 | - | -€150 | |
| Tangible fixed assets | 22/27 | €51,554 | €42,619 | -€8,936 | -17.3% |
| Land and buildings | 22 | €49,919 | €42,457 | -€7,461 | -14.9% |
| Plant, machinery and equipment | 23 | €508 | - | -€508 | |
| Furniture and vehicles | 24 | €1,128 | €161 | -€967 | -85.7% |
| Financial fixed assets | 28 | €6,013 | €6,013 | = | 0.0% |
| Current assets | 29/58 | €185,200 | €168,060 | -€17,141 | -9.3% |
| Stocks and contracts in progress | 3 | €121,847 | €99,266 | -€22,581 | -18.5% |
| Stocks | 30/36 | €121,847 | €99,266 | -€22,581 | -18.5% |
| Amounts receivable within one year | 40/41 | €20,668 | €15,044 | -€5,624 | -27.2% |
| Trade receivables | 40 | €12,393 | €13,103 | +€710 | +5.7% |
| Other amounts receivable | 41 | €8,275 | €1,941 | -€6,334 | -76.5% |
| Cash at bank and in hand | 54/58 | €42,094 | €52,804 | +€10,711 | +25.4% |
| Deferred charges and accrued income | 490/1 | €591 | €945 | +€354 | +59.9% |
| Total equity and liabilities | 10/49 | €242,917 | €216,691 | -€26,226 | -10.8% |
| Equity | 10/15 | €75,859 | €18,936 | -€56,923 | -75.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,859 | €8,936 | -€56,923 | -86.4% |
| Amounts payable | 17/49 | €167,058 | €197,755 | +€30,696 | +18.4% |
| Amounts payable after more than one year | 17 | €5,563 | - | -€5,563 | |
| Financial debts | 170/4 | €5,563 | - | -€5,563 | |
| Amounts payable within one year | 42/48 | €161,495 | €197,755 | +€36,259 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €16,410 | €5,563 | -€10,847 | -66.1% |
| Financial debts | 43 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Credit institutions | 430/8 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Trade debts | 44 | €26,140 | €58,854 | +€32,714 | +125.1% |
| Suppliers | 440/4 | €26,140 | €58,854 | +€32,714 | +125.1% |
| Taxes, remuneration and social security | 45 | €34,811 | €76,766 | +€41,955 | +120.5% |
| Taxes | 450/3 | €33,705 | €76,393 | +€42,688 | +126.7% |
| Remuneration and social security | 454/9 | €1,106 | €373 | -€733 | -66.3% |
| Other amounts payable | 47/48 | €9,134 | €6,571 | -€2,563 | -28.1% |
| Remuneration, social security and pensions | 62 | €14,143 | €22,239 | +€8,095 | +57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,336 | €9,086 | -€250 | -2.7% |
| Other operating charges | 640/8 | €1,367 | €6,102 | +€4,735 | +346.4% |
| Gross operating margin | 9900 | €33,704 | -€6,064 | -€39,769 | |
| Operating profit (loss) | 9901 | €8,858 | -€43,490 | -€52,349 | |
| Financial income | 75/76B | €3,604 | €225 | -€3,380 | -93.8% |
| Recurring financial income | 75 | €1,063 | €225 | -€838 | -78.9% |
| Non-recurring financial income | 76B | €2,542 | - | -€2,542 | |
| Financial charges | 65/66B | €11,011 | €13,471 | +€2,460 | +22.3% |
| Recurring financial charges | 65 | €11,011 | €13,471 | +€2,460 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €1,451 | -€56,737 | -€58,188 | |
| Income taxes | 67/77 | €455 | €186 | -€269 | -59.2% |
| Profit (loss) for the period | 9904 | €996 | -€56,923 | -€57,919 | |
| Profit (loss) for the period to be appropriated | 9905 | €996 | -€56,923 | -€57,919 |
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 8 October 2026 via checked.be.