HYPO-GESTION: 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.
HYPO-GESTION
Largest movements
- Tangible fixed assets -€63,776
down €63,776 (-4.8%), from €1.3m to €1.3m
of which Land and buildings: -€46,220
- Deferred charges and accrued income -€28,530
down €28,530 (-59.6%), from €47,900 to €19,370
- Debts after one year -€32,219
down €32,219 (-4.5%), from €709,185 to €676,966
of which Financial debts: -€34,319
- Trade debts -€20,337
down €20,337 (-67.6%), from €30,065 to €9,728
- Reserves -€20,022
down €20,022 (-4.4%), from €454,950 to €434,928
of which Tax-exempt reserves: -€20,022
- Depreciation -€18,123
down €18,123 (-22.1%), from €81,899 to €63,776
- Gross operating margin +€10,668
up €10,668 (+17.2%), from €62,099 to €72,768
- Financial charges -€1,683
down €1,683 (-10.3%), from €16,341 to €14,658
- Other operating charges +€1,571
up €1,571 (+8.6%), from €18,358 to €19,929
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 | €1,492,716 | €1,400,081 | -€92,635 | -6.2% |
| Fixed assets | 21/28 | €1,439,764 | €1,375,987 | -€63,776 | -4.4% |
| Tangible fixed assets | 22/27 | €1,323,659 | €1,259,883 | -€63,776 | -4.8% |
| Land and buildings | 22 | €1,064,217 | €1,017,997 | -€46,220 | -4.3% |
| Plant, machinery and equipment | 23 | €259,441 | €241,886 | -€17,556 | -6.8% |
| Financial fixed assets | 28 | €116,105 | €116,105 | = | 0.0% |
| Current assets | 29/58 | €52,953 | €24,094 | -€28,859 | -54.5% |
| Amounts receivable within one year | 40/41 | €5,053 | €4,483 | -€570 | -11.3% |
| Trade receivables | 40 | €5,053 | €4,483 | -€570 | -11.3% |
| Cash at bank and in hand | 54/58 | - | €241 | +€241 | |
| Deferred charges and accrued income | 490/1 | €47,900 | €19,370 | -€28,530 | -59.6% |
| Total equity and liabilities | 10/49 | €1,492,716 | €1,400,081 | -€92,635 | -6.2% |
| Equity | 10/15 | €521,254 | €502,340 | -€18,915 | -3.6% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €454,950 | €434,928 | -€20,022 | -4.4% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €447,513 | €427,491 | -€20,022 | -4.5% |
| Profit (loss) carried forward | 14 | -€8,063 | -€6,956 | +€1,107 | +13.7% |
| Provisions and deferred taxes | 16 | €148,086 | €141,406 | -€6,680 | -4.5% |
| Deferred taxes | 168 | €148,086 | €141,406 | -€6,680 | -4.5% |
| Amounts payable | 17/49 | €823,375 | €756,335 | -€67,040 | -8.1% |
| Amounts payable after more than one year | 17 | €709,185 | €676,966 | -€32,219 | -4.5% |
| Financial debts | 170/4 | €503,335 | €469,016 | -€34,319 | -6.8% |
| Other amounts payable | 178/9 | €205,850 | €207,950 | +€2,100 | +1.0% |
| Amounts payable within one year | 42/48 | €114,190 | €77,419 | -€36,771 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €54,584 | €57,691 | +€3,107 | +5.7% |
| Financial debts | 43 | €4,741 | - | -€4,741 | |
| Credit institutions | 430/8 | €4,741 | - | -€4,741 | |
| Trade debts | 44 | €30,065 | €9,728 | -€20,337 | -67.6% |
| Suppliers | 440/4 | €30,065 | €9,728 | -€20,337 | -67.6% |
| Other amounts payable | 47/48 | €24,800 | €10,000 | -€14,800 | -59.7% |
| Accrued charges and deferred income | 492/3 | - | €1,950 | +€1,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,899 | €63,776 | -€18,123 | -22.1% |
| Other operating charges | 640/8 | €18,358 | €19,929 | +€1,571 | +8.6% |
| Gross operating margin | 9900 | €62,099 | €72,768 | +€10,668 | +17.2% |
| Operating profit (loss) | 9901 | -€38,158 | -€10,938 | +€27,220 | +71.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €16,341 | €14,658 | -€1,683 | -10.3% |
| Recurring financial charges | 65 | €16,341 | €14,658 | -€1,683 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€54,499 | -€25,595 | +€28,904 | +53.0% |
| Transfer from deferred taxes | 780 | €6,680 | €6,680 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€47,819 | -€18,915 | +€28,904 | +60.4% |
| Transfer from tax-exempt reserves | 789 | €20,022 | €20,022 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,797 | €1,107 | +€28,904 |
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 4 October 2026 via checked.be.