HYPOCONNECT: 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.
HYPOCONNECT
Largest movements
- Receivables within one year -€86,467
down €86,467 (-22.0%), from €393,379 to €306,912
of which Trade receivables: -€94,256
- Cash +€62,461
up €62,461 (+20.1%), from €310,901 to €373,362
mainly Current portion of long-term debt (+€150,000) and Net result for the year (+€119,264)
- Debts after one year -€250,000
down €250,000 (-20.0%), from €1.3m to €1.0m
- Current portion of long-term debt +€150,000
up €150,000 (+150.0%), from €100,000 to €250,000
- Profit (loss) carried forward +€103,264
up €103,264 (+20.8%), from -€497,118 to -€393,854
- Trade debts -€89,198
down €89,198 (-34.3%), from €259,724 to €170,526
- Tax, wage and social debts +€25,112
up €25,112 (+39.8%), from €63,110 to €88,222
of which Taxes: +€20,879
- Turnover +€461,716
up €461,716 (+20.2%), from €2.3m to €2.8m
- Purchases and services +€335,889
up €335,889 (+20.7%), from €1.6m to €2.0m
- Gross operating margin +€169,458
up €169,458 (+24.9%), from €679,853 to €849,311
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 | €1,786,980 | €1,741,903 | -€45,076 | -2.5% |
| Fixed assets | 21/28 | €1,066,391 | €1,046,774 | -€19,617 | -1.8% |
| Intangible fixed assets | 21 | €11,614 | €1,351 | -€10,262 | -88.4% |
| Tangible fixed assets | 22/27 | €9,777 | €422 | -€9,355 | -95.7% |
| Furniture and vehicles | 24 | €9,777 | €422 | -€9,355 | -95.7% |
| Financial fixed assets | 28 | €1,045,000 | €1,045,000 | = | 0.0% |
| Current assets | 29/58 | €720,589 | €695,129 | -€25,459 | -3.5% |
| Amounts receivable within one year | 40/41 | €393,379 | €306,912 | -€86,467 | -22.0% |
| Trade receivables | 40 | €393,379 | €299,123 | -€94,256 | -24.0% |
| Other amounts receivable | 41 | - | €7,789 | +€7,789 | |
| Cash at bank and in hand | 54/58 | €310,901 | €373,362 | +€62,461 | +20.1% |
| Deferred charges and accrued income | 490/1 | €16,308 | €14,856 | -€1,453 | -8.9% |
| Total equity and liabilities | 10/49 | €1,786,980 | €1,741,903 | -€45,076 | -2.5% |
| Equity | 10/15 | €65,125 | €184,389 | +€119,264 | +183.1% |
| Contributions | 10/11 | €562,243 | €562,243 | = | 0.0% |
| Capital | 10 | €320,000 | €320,000 | = | 0.0% |
| Issued capital | 100 | €320,000 | €320,000 | = | 0.0% |
| Contributions outside capital | 11 | €242,243 | €242,243 | = | 0.0% |
| Share premium | 1100/10 | €242,243 | €242,243 | = | 0.0% |
| Reserves | 13 | - | €16,000 | +€16,000 | |
| Non-distributable reserves | 130/1 | - | €16,000 | +€16,000 | |
| Legal reserve | 130 | - | €16,000 | +€16,000 | |
| Profit (loss) carried forward | 14 | -€497,118 | -€393,854 | +€103,264 | +20.8% |
| Amounts payable | 17/49 | €1,721,855 | €1,557,515 | -€164,340 | -9.5% |
| Amounts payable after more than one year | 17 | €1,250,000 | €1,000,000 | -€250,000 | -20.0% |
| Financial debts | 170/4 | €1,250,000 | €1,000,000 | -€250,000 | -20.0% |
| Amounts payable within one year | 42/48 | €422,834 | €508,748 | +€85,913 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €250,000 | +€150,000 | +150.0% |
| Trade debts | 44 | €259,724 | €170,526 | -€89,198 | -34.3% |
| Suppliers | 440/4 | €259,724 | €170,526 | -€89,198 | -34.3% |
| Taxes, remuneration and social security | 45 | €63,110 | €88,222 | +€25,112 | +39.8% |
| Taxes | 450/3 | - | €20,879 | +€20,879 | |
| Remuneration and social security | 454/9 | €63,110 | €67,342 | +€4,232 | +6.7% |
| Accrued charges and deferred income | 492/3 | €49,021 | €48,767 | -€253 | -0.5% |
| Turnover | 70 | €2,289,422 | €2,751,139 | +€461,716 | +20.2% |
| Non-recurring operating income | 76A | - | €4,221 | +€4,221 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,620,979 | €1,956,868 | +€335,889 | +20.7% |
| Remuneration, social security and pensions | 62 | €616,831 | €642,908 | +€26,077 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,170 | €11,023 | -€22,147 | -66.8% |
| Other operating charges | 640/8 | €805 | €1,392 | +€587 | +73.0% |
| Gross operating margin | 9900 | €679,853 | €849,311 | +€169,458 | +24.9% |
| Operating profit (loss) | 9901 | €29,046 | €193,987 | +€164,941 | +567.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -96.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -96.8% |
| Financial charges | 65/66B | €55,140 | €72,527 | +€17,387 | +31.5% |
| Recurring financial charges | 65 | €55,048 | €72,527 | +€17,479 | +31.8% |
| Non-recurring financial charges | 66B | €92 | - | -€92 | |
| Profit (loss) for the period before taxes | 9903 | -€26,094 | €121,460 | +€147,554 | |
| Income taxes | 67/77 | - | €2,197 | +€2,197 | |
| Profit (loss) for the period | 9904 | -€26,094 | €119,264 | +€145,358 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,094 | €119,264 | +€145,358 |
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 12 October 2026 via checked.be.