Hynder: 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.
Hynder
Largest movements
- Current investments +€9,581
up €9,581 (+42.9%), from €22,348 to €31,930
- Receivables within one year -€7,202
down €7,202 (-10.9%), from €65,856 to €58,655
of which Other amounts receivable: -€8,504
- Tangible fixed assets -€3,715
down €3,715 (-24.1%), from €15,390 to €11,674
of which Furniture and vehicles: -€2,506
- Deferred charges and accrued income -€1,791
down €1,791 (-36.3%), from €4,936 to €3,145
- Reserves -€43,117
down €43,117 (-48.7%), from €88,558 to €45,441
of which Distributable reserves: -€43,117
- Other debts +€42,000
new in 2025: €42,000
- Short-term financial debts +€3,384
new in 2025: €3,384
- Trade debts -€2,439
down €2,439 (-52.0%), from €4,690 to €2,251
- Tax, wage and social debts -€1,774
down €1,774 (-32.9%), from €5,390 to €3,616
- Gross operating margin +€30,504
up €30,504 (+109.0%), from €27,980 to €58,484
- Taxes +€6,028
up €6,028 (+85.6%), from €7,043 to €13,071
- Financial charges +€2,898
up €2,898 (+1627.5%), from €178 to €3,076
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 | €118,763 | €115,446 | -€3,317 | -2.8% |
| Fixed assets | 21/28 | €15,430 | €11,714 | -€3,715 | -24.1% |
| Tangible fixed assets | 22/27 | €15,390 | €11,674 | -€3,715 | -24.1% |
| Plant, machinery and equipment | 23 | €8,799 | €7,589 | -€1,209 | -13.7% |
| Furniture and vehicles | 24 | €6,591 | €4,085 | -€2,506 | -38.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €103,333 | €103,732 | +€399 | +0.4% |
| Amounts receivable within one year | 40/41 | €65,856 | €58,655 | -€7,202 | -10.9% |
| Trade receivables | 40 | €11,685 | €12,987 | +€1,302 | +11.1% |
| Other amounts receivable | 41 | €54,171 | €45,668 | -€8,504 | -15.7% |
| Current investments | 50/53 | €22,348 | €31,930 | +€9,581 | +42.9% |
| Cash at bank and in hand | 54/58 | €10,192 | €10,003 | -€190 | -1.9% |
| Deferred charges and accrued income | 490/1 | €4,936 | €3,145 | -€1,791 | -36.3% |
| Total equity and liabilities | 10/49 | €118,763 | €115,446 | -€3,317 | -2.8% |
| Equity | 10/15 | €108,682 | €64,195 | -€44,487 | -40.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €88,558 | €45,441 | -€43,117 | -48.7% |
| Tax-exempt reserves | 132 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €75,558 | €32,441 | -€43,117 | -57.1% |
| Profit (loss) carried forward | 14 | €1,574 | €204 | -€1,370 | -87.0% |
| Amounts payable | 17/49 | €10,080 | €51,251 | +€41,171 | +408.4% |
| Amounts payable within one year | 42/48 | €10,080 | €51,251 | +€41,171 | +408.4% |
| Financial debts | 43 | - | €3,384 | +€3,384 | |
| Credit institutions | 430/8 | - | €3,384 | +€3,384 | |
| Trade debts | 44 | €4,690 | €2,251 | -€2,439 | -52.0% |
| Suppliers | 440/4 | €4,690 | €2,251 | -€2,439 | -52.0% |
| Taxes, remuneration and social security | 45 | €5,390 | €3,616 | -€1,774 | -32.9% |
| Taxes | 450/3 | €5,390 | €3,616 | -€1,774 | -32.9% |
| Other amounts payable | 47/48 | - | €42,000 | +€42,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,108 | €3,715 | -€393 | -9.6% |
| Other operating charges | 640/8 | €1,307 | €1,312 | +€5 | +0.4% |
| Gross operating margin | 9900 | €27,980 | €58,484 | +€30,504 | +109.0% |
| Operating profit (loss) | 9901 | €22,565 | €53,457 | +€30,892 | +136.9% |
| Financial income | 75/76B | €3,283 | €3,321 | +€38 | +1.2% |
| Recurring financial income | 75 | €3,283 | €3,321 | +€38 | +1.2% |
| Financial charges | 65/66B | €178 | €3,076 | +€2,898 | +1627.5% |
| Recurring financial charges | 65 | €178 | €3,076 | +€2,898 | +1627.5% |
| Profit (loss) for the period before taxes | 9903 | €25,670 | €53,702 | +€28,031 | +109.2% |
| Income taxes | 67/77 | €7,043 | €13,071 | +€6,028 | +85.6% |
| Profit (loss) for the period | 9904 | €18,627 | €40,630 | +€22,003 | +118.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,627 | €40,630 | +€22,003 | +118.1% |
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.