HYPERNATION: 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.
HYPERNATION
Largest movements
- Receivables within one year -€5,530
down €5,530 (-12.1%), from €45,636 to €40,107
of which Trade receivables: -€8,416
- Reserves -€8,176
down €8,176 (-2.2%), from €369,537 to €361,362
of which Distributable reserves: -€8,176
- Gross operating margin -€2,014
down €2,014 (-1.5%), from €131,348 to €129,334
- Financial income +€1,660
up €1,660 (+175.1%), from €948 to €2,608
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 | €444,223 | €432,371 | -€11,851 | -2.7% |
| Fixed assets | 21/28 | €6,550 | €4,237 | -€2,313 | -35.3% |
| Tangible fixed assets | 22/27 | €6,550 | €4,237 | -€2,313 | -35.3% |
| Furniture and vehicles | 24 | €6,550 | €4,237 | -€2,313 | -35.3% |
| Current assets | 29/58 | €437,672 | €428,134 | -€9,538 | -2.2% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,636 | €40,107 | -€5,530 | -12.1% |
| Trade receivables | 40 | €45,636 | €37,220 | -€8,416 | -18.4% |
| Other amounts receivable | 41 | - | €2,887 | +€2,887 | |
| Cash at bank and in hand | 54/58 | €386,141 | €382,011 | -€4,130 | -1.1% |
| Deferred charges and accrued income | 490/1 | €895 | €1,016 | +€121 | +13.5% |
| Total equity and liabilities | 10/49 | €444,223 | €432,371 | -€11,851 | -2.7% |
| Equity | 10/15 | €420,142 | €411,966 | -€8,176 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €369,537 | €361,362 | -€8,176 | -2.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €367,677 | €359,502 | -€8,176 | -2.2% |
| Profit (loss) carried forward | 14 | €32,005 | €32,005 | = | 0.0% |
| Amounts payable | 17/49 | €24,081 | €20,405 | -€3,676 | -15.3% |
| Amounts payable within one year | 42/48 | €24,081 | €20,405 | -€3,676 | -15.3% |
| Trade debts | 44 | €5,042 | €980 | -€4,062 | -80.6% |
| Suppliers | 440/4 | €5,042 | €980 | -€4,062 | -80.6% |
| Taxes, remuneration and social security | 45 | €12,389 | €10,357 | -€2,031 | -16.4% |
| Taxes | 450/3 | €12,389 | €10,357 | -€2,031 | -16.4% |
| Other amounts payable | 47/48 | €6,650 | €9,067 | +€2,417 | +36.4% |
| Non-recurring operating income | 76A | €15,886 | - | -€15,886 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,273 | €2,313 | -€960 | -29.3% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | €131,348 | €129,334 | -€2,014 | -1.5% |
| Operating profit (loss) | 9901 | €127,572 | €126,513 | -€1,059 | -0.8% |
| Financial income | 75/76B | €948 | €2,608 | +€1,660 | +175.1% |
| Recurring financial income | 75 | €948 | €2,608 | +€1,660 | +175.1% |
| Financial charges | 65/66B | €681 | €884 | +€203 | +29.8% |
| Recurring financial charges | 65 | €681 | €884 | +€203 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €127,839 | €128,237 | +€398 | +0.3% |
| Income taxes | 67/77 | €35,025 | €34,866 | -€159 | -0.5% |
| Profit (loss) for the period | 9904 | €92,814 | €93,371 | +€557 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €92,814 | €93,371 | +€557 | +0.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.