HYGGLE: 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.
HYGGLE
Largest movements
- Receivables within one year +€59,142
up €59,142 (+45.6%), from €129,793 to €188,934
of which Trade receivables: +€59,142
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Cash -€35,348
down €35,348 (-29.1%), from €121,283 to €85,935
mainly Contributions, distributions and other (-€76,799) and Receivables within one year (-€59,142)
- Tangible fixed assets -€4,635
down €4,635 (-68.6%), from €6,756 to €2,121
- Other debts +€63,098
new in 2025: €63,098
- Reserves -€62,200
down €62,200 (-37.2%), from €167,181 to €104,981
- Trade debts -€30,304
down €30,304 (-35.6%), from €85,183 to €54,879
- Gross operating margin +€10,811
up €10,811 (+6.7%), from €162,172 to €172,983
- Staff costs +€9,527
up €9,527 (+7.5%), from €127,825 to €137,352
- Other operating charges +€3,225
up €3,225 (+197.6%), from €1,632 to €4,857
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 | €314,007 | €283,342 | -€30,665 | -9.8% |
| Fixed assets | 21/28 | €6,756 | €2,121 | -€4,635 | -68.6% |
| Tangible fixed assets | 22/27 | €6,756 | €2,121 | -€4,635 | -68.6% |
| Furniture and vehicles | 24 | €6,756 | €2,121 | -€4,635 | -68.6% |
| Current assets | 29/58 | €307,251 | €281,221 | -€26,030 | -8.5% |
| Amounts receivable within one year | 40/41 | €129,793 | €188,934 | +€59,142 | +45.6% |
| Trade receivables | 40 | €128,555 | €187,697 | +€59,142 | +46.0% |
| Other amounts receivable | 41 | €1,237 | €1,237 | = | 0.0% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €121,283 | €85,935 | -€35,348 | -29.1% |
| Deferred charges and accrued income | 490/1 | €6,175 | €6,352 | +€177 | +2.9% |
| Total equity and liabilities | 10/49 | €314,007 | €283,342 | -€30,665 | -9.8% |
| Equity | 10/15 | €187,181 | €124,981 | -€62,200 | -33.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €167,181 | €104,981 | -€62,200 | -37.2% |
| Distributable reserves | 133 | €167,181 | €104,981 | -€62,200 | -37.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €126,826 | €158,361 | +€31,535 | +24.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €126,826 | €157,961 | +€31,135 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €2,037 | €0 | -€2,037 | -100.0% |
| Trade debts | 44 | €85,183 | €54,879 | -€30,304 | -35.6% |
| Suppliers | 440/4 | €85,183 | €54,879 | -€30,304 | -35.6% |
| Advances received on contracts in progress | 46 | €2,457 | €5,085 | +€2,627 | +106.9% |
| Taxes, remuneration and social security | 45 | €37,149 | €34,900 | -€2,249 | -6.1% |
| Taxes | 450/3 | €20,446 | €16,866 | -€3,580 | -17.5% |
| Remuneration and social security | 454/9 | €16,703 | €18,034 | +€1,331 | +8.0% |
| Other amounts payable | 47/48 | - | €63,098 | +€63,098 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €127,825 | €137,352 | +€9,527 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,941 | €4,635 | -€306 | -6.2% |
| Other operating charges | 640/8 | €1,632 | €4,857 | +€3,225 | +197.6% |
| Gross operating margin | 9900 | €162,172 | €172,983 | +€10,811 | +6.7% |
| Operating profit (loss) | 9901 | €27,774 | €26,139 | -€1,635 | -5.9% |
| Financial income | 75/76B | €841 | €927 | +€87 | +10.3% |
| Recurring financial income | 75 | €841 | €927 | +€87 | +10.3% |
| Financial charges | 65/66B | €1,746 | €432 | -€1,314 | -75.3% |
| Recurring financial charges | 65 | €1,746 | €432 | -€1,314 | -75.3% |
| Profit (loss) for the period before taxes | 9903 | €26,868 | €26,635 | -€234 | -0.9% |
| Income taxes | 67/77 | €10,963 | €12,036 | +€1,073 | +9.8% |
| Profit (loss) for the period | 9904 | €15,906 | €14,599 | -€1,307 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,906 | €14,599 | -€1,307 | -8.2% |
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 12 October 2026 via checked.be.