Hyler: 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.
Hyler
Largest movements
- Stocks and contracts +€2.5m
up €2.5m (+172.7%), from €1.5m to €4.0m
of which Contracts in progress: +€1.3m
- Tangible fixed assets +€1.0m
up €1.0m (+114.5%), from €890,048 to €1.9m
- Receivables within one year +€970,018
up €970,018 (+69.8%), from €1.4m to €2.4m
of which Trade receivables: +€840,171
- Intangible fixed assets +€736,473
up €736,473 (+34.6%), from €2.1m to €2.9m
- Cash +€482,377
up €482,377 (+33.2%), from €1.5m to €1.9m
mainly Trade debts (+€4.3m) and Depreciation (+€996,283)
- Trade debts +€4.3m
up €4.3m (+337.3%), from €1.3m to €5.5m
- Advances received -€861,201
down €861,201 (-66.5%), from €1.3m to €434,736
- Debts after one year +€857,818
up €857,818 (+60.5%), from €1.4m to €2.3m
of which Financial debts: +€857,818
- Reserves +€738,309
up €738,309 (+35.6%), from €2.1m to €2.8m
of which Distributable reserves: +€738,309
- Short-term financial debts +€600,000
up €600,000 (+120.0%), from €500,000 to €1.1m
- Gross operating margin +€699,317
up €699,317 (+23.9%), from €2.9m to €3.6m
- Staff costs +€624,023
up €624,023 (+76.3%), from €818,305 to €1.4m
- Financial charges +€413,283
up €413,283 (+795.8%), from €51,934 to €465,217
- Depreciation +€362,750
up €362,750 (+57.3%), from €633,533 to €996,283
- Financial income -€196,462
down €196,462 (-70.3%), from €279,411 to €82,950
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 | €7,343,740 | €13,099,775 | +€5.8m | +78.4% |
| Fixed assets | 21/28 | €3,021,136 | €4,776,310 | +€1.8m | +58.1% |
| Intangible fixed assets | 21 | €2,130,870 | €2,867,344 | +€736,473 | +34.6% |
| Tangible fixed assets | 22/27 | €890,048 | €1,908,749 | +€1.0m | +114.5% |
| Land and buildings | 22 | €267,368 | €760,067 | +€492,699 | +184.3% |
| Plant, machinery and equipment | 23 | €412,861 | €792,261 | +€379,400 | +91.9% |
| Furniture and vehicles | 24 | €209,354 | €356,421 | +€147,067 | +70.2% |
| Leasing and similar rights | 25 | €464 | €0 | -€464 | -100.0% |
| Financial fixed assets | 28 | €218 | €218 | = | 0.0% |
| Current assets | 29/58 | €4,322,604 | €8,323,465 | +€4.0m | +92.6% |
| Stocks and contracts in progress | 3 | €1,467,025 | €4,001,160 | +€2.5m | +172.7% |
| Stocks | 30/36 | €1,283,897 | €2,545,160 | +€1.3m | +98.2% |
| Contracts in progress | 37 | €183,129 | €1,456,000 | +€1.3m | +695.1% |
| Amounts receivable within one year | 40/41 | €1,388,742 | €2,358,760 | +€970,018 | +69.8% |
| Trade receivables | 40 | €1,370,983 | €2,211,153 | +€840,171 | +61.3% |
| Other amounts receivable | 41 | €17,759 | €147,607 | +€129,848 | +731.2% |
| Cash at bank and in hand | 54/58 | €1,452,539 | €1,934,916 | +€482,377 | +33.2% |
| Deferred charges and accrued income | 490/1 | €14,298 | €28,628 | +€14,330 | +100.2% |
| Total equity and liabilities | 10/49 | €7,343,740 | €13,099,775 | +€5.8m | +78.4% |
| Equity | 10/15 | €2,323,413 | €2,982,076 | +€658,663 | +28.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,075,710 | €2,814,019 | +€738,309 | +35.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €2,056,960 | €2,795,269 | +€738,309 | +35.9% |
| Investment grants | 15 | €147,704 | €68,058 | -€79,646 | -53.9% |
| Amounts payable | 17/49 | €5,020,327 | €10,117,698 | +€5.1m | +101.5% |
| Amounts payable after more than one year | 17 | €1,417,628 | €2,275,446 | +€857,818 | +60.5% |
| Financial debts | 170/4 | €1,417,628 | €2,275,446 | +€857,818 | +60.5% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,591,119 | €7,838,154 | +€4.2m | +118.3% |
| Current portion of amounts payable after more than one year | 42 | €392,810 | €507,587 | +€114,777 | +29.2% |
| Financial debts | 43 | €500,000 | €1,100,000 | +€600,000 | +120.0% |
| Credit institutions | 430/8 | €500,000 | €1,100,000 | +€600,000 | +120.0% |
| Trade debts | 44 | €1,265,516 | €5,534,492 | +€4.3m | +337.3% |
| Suppliers | 440/4 | €1,265,516 | €5,534,492 | +€4.3m | +337.3% |
| Advances received on contracts in progress | 46 | €1,295,938 | €434,736 | -€861,201 | -66.5% |
| Taxes, remuneration and social security | 45 | €136,856 | €261,339 | +€124,483 | +91.0% |
| Taxes | 450/3 | €47,289 | €135,604 | +€88,315 | +186.8% |
| Remuneration and social security | 454/9 | €89,567 | €125,735 | +€36,168 | +40.4% |
| Accrued charges and deferred income | 492/3 | €11,580 | €4,099 | -€7,481 | -64.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €818,305 | €1,442,328 | +€624,023 | +76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €633,533 | €996,283 | +€362,750 | +57.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,820 | €0 | -€18,820 | -100.0% |
| Other operating charges | 640/8 | €11,697 | €62,869 | +€51,172 | +437.5% |
| Non-recurring operating charges | 66A | €4 | €0 | -€4 | -100.0% |
| Gross operating margin | 9900 | €2,924,085 | €3,623,402 | +€699,317 | +23.9% |
| Operating profit (loss) | 9901 | €1,441,727 | €1,121,922 | -€319,805 | -22.2% |
| Financial income | 75/76B | €279,411 | €82,950 | -€196,462 | -70.3% |
| Recurring financial income | 75 | €279,411 | €82,950 | -€196,462 | -70.3% |
| Financial charges | 65/66B | €51,934 | €465,217 | +€413,283 | +795.8% |
| Recurring financial charges | 65 | €51,934 | €465,217 | +€413,283 | +795.8% |
| Profit (loss) for the period before taxes | 9903 | €1,669,204 | €739,655 | -€929,549 | -55.7% |
| Income taxes | 67/77 | €99,845 | €1,346 | -€98,499 | -98.7% |
| Profit (loss) for the period | 9904 | €1,569,360 | €738,309 | -€831,051 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,569,360 | €738,309 | -€831,051 | -53.0% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.