HYPOSTART: 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.
What changed
HYPOSTART
NACE 64.910, Financial service activities, except insurance and pension funding
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€867,961
2024 · €705,892+€162,069
Equity
€17.4m
2024 · €16.5m+€867,961
Cash
€830,760
2024 · €532,569+€298,191
Balance sheet total
€107.1m
2024 · €111.8m-€4.6m
Largest movements
Assets
- Receivables after one year -€5.9m
down €5.9m (-5.8%), from €101.2m to €95.3m
of which Trade receivables: -€10.9m
Equity and liabilities
- Debts after one year -€6.8m
down €6.8m (-9.4%), from €71.9m to €65.1m
- Other debts +€1.3m
up €1.3m (+8.1%), from €15.6m to €16.9m
Income statement
- Other operating income +€941,989
up €941,989 (+238.5%), from €394,969 to €1.3m
- Services and other goods +€405,088
up €405,088 (+44.0%), from €921,150 to €1.3m
- Turnover -€292,769
down €292,769 (-8.8%), from €3.3m to €3.0m
- Goods and materials +€90,949
up €90,949 (+5.1%), from €1.8m to €1.9m
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.
Result 2024
€705,892
Turnover
-€292,769
Other operating income
+€941,989
Goods and materials
-€90,949
Services and other goods
-€405,088
Staff costs
+€258
Write-downs
+€20,767
Other operating charges
-€754
Other operating items
+€1,819
Financial income
-€3,861
Financial charges
+€597
Taxes
-€9,939
Result 2025
€867,961
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.
From operations
+€7.1m
Investment
€0
Financing
-€6.8m
Cash 2024
€532,569
From operations (derived)
+€7.1m
Net result for the year
+€867,961
Receivables after one year
+€5.9m
Receivables within one year
-€937,526
Deferred charges and accrued income
-€189
Provisions
+€371,460
Trade debts
-€221,837
Tax, wage and social debts
-€40,950
Other debts
+€1.3m
Accrued charges and deferred income
-€51,559
Financing
-€6.8m
Debts after one year
-€6.8m
Current portion of long-term debt
-€26,074
Cash 2025
€830,760
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,757,892 | €107,131,082 | -€4.6m | -4.1% |
| Fixed assets | 21/28 | €157 | €157 | = | 0.0% |
| Financial fixed assets | 28 | €157 | €157 | = | 0.0% |
| Other financial fixed assets | 284/8 | €157 | €157 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €157 | €157 | = | 0.0% |
| Current assets | 29/58 | €111,757,735 | €107,130,925 | -€4.6m | -4.1% |
| Amounts receivable after more than one year | 29 | €101,196,216 | €95,333,499 | -€5.9m | -5.8% |
| Trade receivables | 290 | €99,502,426 | €88,632,549 | -€10.9m | -10.9% |
| Other amounts receivable | 291 | €1,693,789 | €6,700,950 | +€5.0m | +295.6% |
| Amounts receivable within one year | 40/41 | €9,925,093 | €10,862,619 | +€937,526 | +9.4% |
| Trade receivables | 40 | €9,432,255 | €10,417,926 | +€985,671 | +10.5% |
| Other amounts receivable | 41 | €492,838 | €444,693 | -€48,144 | -9.8% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Other investments | 51/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €532,569 | €830,760 | +€298,191 | +56.0% |
| Deferred charges and accrued income | 490/1 | €3,857 | €4,046 | +€189 | +4.9% |
| Total equity and liabilities | 10/49 | €111,757,892 | €107,131,082 | -€4.6m | -4.1% |
| Equity | 10/15 | €16,548,712 | €17,416,672 | +€867,961 | +5.2% |
| Contributions | 10/11 | €6,003,800 | €6,003,800 | = | 0.0% |
| Capital | 10 | €6,000,000 | €6,000,000 | = | 0.0% |
| Issued capital | 100 | €6,000,000 | €6,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,800 | €3,800 | = | 0.0% |
| Share premium | 1100/10 | €3,800 | €3,800 | = | 0.0% |
| Reserves | 13 | €5,793,112 | €5,836,512 | +€43,400 | +0.7% |
| Non-distributable reserves | 130/1 | €308,000 | €351,400 | +€43,400 | +14.1% |
| Legal reserve | 130 | €308,000 | €351,400 | +€43,400 | +14.1% |
| Distributable reserves | 133 | €5,485,112 | €5,485,112 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,751,800 | €5,576,360 | +€824,561 | +17.4% |
| Provisions and deferred taxes | 16 | €94,674 | €466,134 | +€371,460 | +392.4% |
| Provisions for liabilities and charges | 160/5 | €88,924 | €460,384 | +€371,460 | +417.7% |
| Other liabilities and charges | 164/5 | €88,924 | €460,384 | +€371,460 | +417.7% |
| Deferred taxes | 168 | €5,750 | €5,750 | = | 0.0% |
| Amounts payable | 17/49 | €95,114,507 | €89,248,276 | -€5.9m | -6.2% |
| Amounts payable after more than one year | 17 | €71,885,202 | €65,092,563 | -€6.8m | -9.4% |
| Financial debts | 170/4 | €71,885,202 | €65,092,563 | -€6.8m | -9.4% |
| Credit institutions | 173 | €71,885,202 | €65,092,563 | -€6.8m | -9.4% |
| Amounts payable within one year | 42/48 | €22,791,895 | €23,769,863 | +€977,968 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €6,817,820 | €6,791,746 | -€26,074 | -0.4% |
| Trade debts | 44 | €344,481 | €122,644 | -€221,837 | -64.4% |
| Suppliers | 440/4 | €344,481 | €122,644 | -€221,837 | -64.4% |
| Taxes, remuneration and social security | 45 | €43,470 | €2,520 | -€40,950 | -94.2% |
| Taxes | 450/3 | €43,470 | €2,520 | -€40,950 | -94.2% |
| Other amounts payable | 47/48 | €15,586,124 | €16,852,953 | +€1.3m | +8.1% |
| Accrued charges and deferred income | 492/3 | €437,409 | €385,850 | -€51,559 | -11.8% |
| Operating income | 70/76A | €3,726,571 | €4,377,610 | +€651,039 | +17.5% |
| Turnover | 70 | €3,330,816 | €3,038,047 | -€292,769 | -8.8% |
| Other operating income | 74 | €394,969 | €1,336,958 | +€941,989 | +238.5% |
| Non-recurring operating income | 76A | €786 | €2,605 | +€1,819 | +231.5% |
| Operating charges | 60/66A | €2,986,148 | €3,461,915 | +€475,767 | +15.9% |
| Goods for resale, raw materials and consumables | 60 | €1,794,825 | €1,885,775 | +€90,949 | +5.1% |
| Purchases | 600/8 | €1,794,825 | €1,885,775 | +€90,949 | +5.1% |
| Services and other goods | 61 | €921,150 | €1,326,238 | +€405,088 | +44.0% |
| Remuneration, social security and pensions | 62 | €258 | - | -€258 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €269,333 | €248,566 | -€20,767 | -7.7% |
| Other operating charges | 640/8 | €582 | €1,336 | +€754 | +129.6% |
| Operating profit (loss) | 9901 | €740,423 | €915,696 | +€175,272 | +23.7% |
| Financial income | 75/76B | €8,850 | €4,988 | -€3,861 | -43.6% |
| Recurring financial income | 75 | €8,850 | €4,988 | -€3,861 | -43.6% |
| Income from current assets | 751 | €7,819 | €4,986 | -€2,833 | -36.2% |
| Other financial income | 752/9 | €1,030 | €2 | -€1,028 | -99.8% |
| Financial charges | 65/66B | €6,229 | €5,632 | -€597 | -9.6% |
| Recurring financial charges | 65 | €6,229 | €5,632 | -€597 | -9.6% |
| Other financial charges | 652/9 | €6,229 | €5,632 | -€597 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €743,044 | €915,052 | +€172,008 | +23.1% |
| Income taxes | 67/77 | €37,152 | €47,091 | +€9,939 | +26.8% |
| Taxes | 670/3 | €37,152 | €47,091 | +€9,939 | +26.8% |
| Profit (loss) for the period | 9904 | €705,892 | €867,961 | +€162,069 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €705,892 | €867,961 | +€162,069 | +23.0% |
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 11 October 2026 via checked.be.