HYLINE: 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.
What changed
HYLINE
NACE 24.200, Manufacture of basic metals
financial year 2022 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
-€3.4m
2022 · -€3.7m+€260,161
Equity
€2.5m
2022 · -€3.7m+€6.2m
Cash
€973,123
2022 · €1.9m-€970,279
Balance sheet total
€14.9m
2022 · €14.0m+€883,664
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+13.3%), from €7.9m to €8.9m
of which Trade receivables: +€2.5m
- Stocks and contracts +€1.0m
up €1.0m (+29.3%), from €3.6m to €4.6m
of which Contracts in progress: +€1.2m
- Cash -€970,279
down €970,279 (-49.9%), from €1.9m to €973,123
- Tangible fixed assets -€244,791
down €244,791 (-44.5%), from €550,396 to €305,605
of which Plant, machinery and equipment: -€250,699
Equity and liabilities
- Profit (loss) carried forward +€5.9m
up €5.9m, from -€5.1m to €709,569
- Trade debts -€4.1m
down €4.1m (-57.7%), from €7.2m to €3.0m
- Other debts -€2.2m
down €2.2m (-29.2%), from €7.4m to €5.2m
- Advances received +€980,354
up €980,354 (+48.4%), from €2.0m to €3.0m
- Contributions +€350,000
up €350,000 (+25.9%), from €1.4m to €1.7m
Income statement
- Turnover -€57.2m
down €57.2m (-72.6%), from €78.8m to €21.6m
- Goods and materials -€11.9m
down €11.9m (-45.6%), from €26.1m to €14.2m
- Staff costs +€908,617
up €908,617 (+15.3%), from €5.9m to €6.9m
From the 2022 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.
Result 2022
-€3.7m
Turnover
-€57.2m
Other operating income
+€8,930
Goods and materials
+€11.9m
Services and other goods
+€52,016
Staff costs
-€908,617
Depreciation
-€20,467
Write-downs
-€1,614
Other operating charges
-€149,307
Other operating items
+€46.8m
Financial income
+€19
Financial charges
-€198,038
Other financial items
-€2,525
Taxes
-€11,000
Result 2025
-€3.4m
Cash bridge derived
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,034,789 | €14,918,453 | +€883,664 | +6.3% |
| Fixed assets | 21/28 | €572,747 | €345,357 | -€227,390 | -39.7% |
| Intangible fixed assets | 21 | €19,173 | €7,222 | -€11,951 | -62.3% |
| Tangible fixed assets | 22/27 | €550,396 | €305,605 | -€244,791 | -44.5% |
| Plant, machinery and equipment | 23 | €417,823 | €167,124 | -€250,699 | -60.0% |
| Furniture and vehicles | 24 | €60,823 | €45,316 | -€15,507 | -25.5% |
| Leasing and similar rights | 25 | - | €17,590 | +€17,590 | |
| Other tangible fixed assets | 26 | €71,751 | €75,575 | +€3,824 | +5.3% |
| Financial fixed assets | 28 | €3,178 | €32,530 | +€29,352 | +923.6% |
| Other financial fixed assets | 284/8 | €3,178 | €32,530 | +€29,352 | +923.6% |
| Amounts receivable and cash guarantees | 285/8 | €3,178 | €32,530 | +€29,352 | +923.6% |
| Current assets | 29/58 | €13,462,042 | €14,573,096 | +€1.1m | +8.3% |
| Stocks and contracts in progress | 3 | €3,558,079 | €4,601,425 | +€1.0m | +29.3% |
| Stocks | 30/36 | €572,840 | €450,511 | -€122,329 | -21.4% |
| Goods purchased for resale | 34 | €572,840 | €450,511 | -€122,329 | -21.4% |
| Contracts in progress | 37 | €2,985,239 | €4,150,914 | +€1.2m | +39.0% |
| Amounts receivable within one year | 40/41 | €7,894,869 | €8,947,078 | +€1.1m | +13.3% |
| Trade receivables | 40 | €6,224,040 | €8,725,043 | +€2.5m | +40.2% |
| Other amounts receivable | 41 | €1,670,828 | €222,035 | -€1.4m | -86.7% |
| Cash at bank and in hand | 54/58 | €1,943,402 | €973,123 | -€970,279 | -49.9% |
| Deferred charges and accrued income | 490/1 | €65,692 | €51,469 | -€14,223 | -21.7% |
| Total equity and liabilities | 10/49 | €14,034,789 | €14,918,453 | +€883,664 | +6.3% |
| Equity | 10/15 | -€3,718,539 | €2,509,821 | +€6.2m | |
| Contributions | 10/11 | €1,350,000 | €1,700,000 | +€350,000 | +25.9% |
| Capital | 10 | €1,350,000 | €1,700,000 | +€350,000 | +25.9% |
| Issued capital | 100 | €1,350,000 | €1,700,000 | +€350,000 | +25.9% |
| Reserves | 13 | €72,899 | €100,252 | +€27,353 | +37.5% |
| Non-distributable reserves | 130/1 | €56,899 | €84,252 | +€27,353 | +48.1% |
| Legal reserve | 130 | €35,000 | €62,352 | +€27,352 | +78.1% |
| Reserves not available under the articles | 1311 | €21,899 | €21,899 | +€0 | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,141,439 | €709,569 | +€5.9m | |
| Amounts payable | 17/49 | €17,753,328 | €12,408,632 | -€5.3m | -30.1% |
| Amounts payable after more than one year | 17 | - | €9,037 | +€9,037 | |
| Financial debts | 170/4 | - | €9,037 | +€9,037 | |
| Leasing and similar obligations | 172 | - | €9,037 | +€9,037 | |
| Amounts payable within one year | 42/48 | €17,753,328 | €12,399,595 | -€5.4m | -30.2% |
| Current portion of amounts payable after more than one year | 42 | - | €9,286 | +€9,286 | |
| Trade debts | 44 | €7,151,935 | €3,025,614 | -€4.1m | -57.7% |
| Suppliers | 440/4 | €7,151,935 | €3,025,614 | -€4.1m | -57.7% |
| Advances received on contracts in progress | 46 | €2,025,493 | €3,005,847 | +€980,354 | +48.4% |
| Taxes, remuneration and social security | 45 | €1,175,901 | €1,119,999 | -€55,902 | -4.8% |
| Taxes | 450/3 | €273,244 | €209,476 | -€63,768 | -23.3% |
| Remuneration and social security | 454/9 | €902,656 | €910,523 | +€7,867 | +0.9% |
| Other amounts payable | 47/48 | €7,400,000 | €5,238,848 | -€2.2m | -29.2% |
| Operating income | 70/76A | €31,349,129 | €20,954,609 | -€10.4m | -33.2% |
| Turnover | 70 | €78,794,992 | €21,618,881 | -€57.2m | -72.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€47,645,549 | -€872,887 | +€46.8m | +98.2% |
| Other operating income | 74 | €199,685 | €208,615 | +€8,930 | +4.5% |
| Operating charges | 60/66A | €34,867,832 | €24,001,607 | -€10.9m | -31.2% |
| Goods for resale, raw materials and consumables | 60 | €26,107,235 | €14,213,021 | -€11.9m | -45.6% |
| Purchases | 600/8 | - | €14,109,241 | +€14.1m | |
| Change in stocks: decrease (increase) | 609 | €95,814 | €103,781 | +€7,967 | +8.3% |
| Services and other goods | 61 | €2,590,035 | €2,538,019 | -€52,016 | -2.0% |
| Remuneration, social security and pensions | 62 | €5,947,384 | €6,856,001 | +€908,617 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,517 | €210,984 | +€20,467 | +10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,614 | +€1,614 | |
| Other operating charges | 640/8 | €32,661 | €181,968 | +€149,307 | +457.1% |
| Operating profit (loss) | 9901 | -€3,518,703 | -€3,046,998 | +€471,705 | +13.4% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | €2,525 | €19 | -€2,506 | -99.3% |
| Income from financial fixed assets | 750 | €2,525 | - | -€2,525 | |
| Income from current assets | 751 | - | €19 | +€19 | |
| Financial charges | 65/66B | €154,710 | €352,748 | +€198,038 | +128.0% |
| Recurring financial charges | 65 | €154,710 | €352,748 | +€198,038 | +128.0% |
| Debt charges | 650 | €154,710 | €349,862 | +€195,152 | +126.1% |
| Other financial charges | 652/9 | - | €2,886 | +€2,886 | |
| Profit (loss) for the period before taxes | 9903 | -€3,670,888 | -€3,399,727 | +€271,161 | +7.4% |
| Income taxes | 67/77 | - | €11,000 | +€11,000 | |
| Taxes | 670/3 | - | €11,000 | +€11,000 | |
| Profit (loss) for the period | 9904 | -€3,670,888 | -€3,410,727 | +€260,161 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,670,888 | -€3,410,727 | +€260,161 | +7.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.