HYPHERA: 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.
HYPHERA
Largest movements
- Receivables within one year +€2,805
up €2,805 (+16.5%), from €16,971 to €19,777
of which Trade receivables: +€7,409
- Cash +€1,616
up €1,616 (+1.5%), from €106,157 to €107,773
mainly Other debts (+€52,422) and Net result for the year (+€52,233)
- Other debts +€52,422
up €52,422 (+97,985%), from €54 to €52,476
- Reserves -€48,982
down €48,982 (-40.8%), from €119,952 to €70,970
- Gross operating margin +€5,126
up €5,126 (+7.9%), from €65,100 to €70,226
- Depreciation +€1,240
up €1,240 (+52.7%), from €2,354 to €3,594
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.
Derived cash bridge
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 | €131,011 | €135,457 | +€4,446 | +3.4% |
| Fixed assets | 21/28 | €7,637 | €7,494 | -€143 | -1.9% |
| Tangible fixed assets | 22/27 | €7,637 | €7,494 | -€143 | -1.9% |
| Plant, machinery and equipment | 23 | €1,812 | €1,893 | +€81 | +4.5% |
| Furniture and vehicles | 24 | €5,825 | €5,601 | -€224 | -3.8% |
| Current assets | 29/58 | €123,374 | €127,964 | +€4,589 | +3.7% |
| Amounts receivable within one year | 40/41 | €16,971 | €19,777 | +€2,805 | +16.5% |
| Trade receivables | 40 | €11,556 | €18,965 | +€7,409 | +64.1% |
| Other amounts receivable | 41 | €5,416 | €812 | -€4,604 | -85.0% |
| Cash at bank and in hand | 54/58 | €106,157 | €107,773 | +€1,616 | +1.5% |
| Deferred charges and accrued income | 490/1 | €246 | €414 | +€167 | +68.0% |
| Total equity and liabilities | 10/49 | €131,011 | €135,457 | +€4,446 | +3.4% |
| Equity | 10/15 | €121,452 | €72,470 | -€48,982 | -40.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €119,952 | €70,970 | -€48,982 | -40.8% |
| Distributable reserves | 133 | €119,952 | €70,970 | -€48,982 | -40.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,559 | €62,988 | +€53,428 | +559% |
| Amounts payable within one year | 42/48 | €9,559 | €62,988 | +€53,428 | +559% |
| Trade debts | 44 | €1,108 | €1,193 | +€84 | +7.6% |
| Suppliers | 440/4 | €1,108 | €1,193 | +€84 | +7.6% |
| Taxes, remuneration and social security | 45 | €8,397 | €9,319 | +€922 | +11.0% |
| Taxes | 450/3 | €8,397 | €9,319 | +€922 | +11.0% |
| Other amounts payable | 47/48 | €54 | €52,476 | +€52,422 | +97,985% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,354 | €3,594 | +€1,240 | +52.7% |
| Other operating charges | 640/8 | €748 | €771 | +€23 | +3.0% |
| Gross operating margin | 9900 | €65,100 | €70,226 | +€5,126 | +7.9% |
| Operating profit (loss) | 9901 | €61,998 | €65,862 | +€3,864 | +6.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €179 | €105 | -€73 | -41.0% |
| Recurring financial charges | 65 | €179 | €105 | -€73 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €61,820 | €65,756 | +€3,936 | +6.4% |
| Income taxes | 67/77 | €12,838 | €13,523 | +€685 | +5.3% |
| Profit (loss) for the period | 9904 | €48,982 | €52,233 | +€3,251 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,982 | €52,233 | +€3,251 | +6.6% |
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 20 October 2026 via checked.be.