Hypothalamus renforcé: 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.
Hypothalamus renforcé
Largest movements
- Receivables within one year +€217,536
up €217,536 (+1,826%), from €11,916 to €229,452
of which Other amounts receivable: +€217,586
- Cash +€45,074
up €45,074 (+63.3%), from €71,241 to €116,315
mainly Net result for the year (+€251,130) and Other debts (+€155,818)
- Tangible fixed assets -€22,361
down €22,361 (-4.7%), from €473,155 to €450,794
of which Land and buildings: -€12,750
- Other debts +€155,818
up €155,818 (+540%), from €28,850 to €184,668
- Profit (loss) carried forward +€108,273
up €108,273 (+17.7%), from €611,535 to €719,808
- Debts after one year -€29,977
down €29,977 (-17.6%), from €169,998 to €140,020
- Financial income +€13,637
up €13,637 (+1,131%), from €1,206 to €14,843
- Taxes +€6,850
up €6,850 (+124%), from €5,509 to €12,359
- Gross operating margin +€3,982
up €3,982 (+1.4%), from €279,269 to €283,251
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 | €1,095,928 | €1,337,962 | +€242,033 | +22.1% |
| Fixed assets | 21/28 | €594,670 | €572,309 | -€22,361 | -3.8% |
| Tangible fixed assets | 22/27 | €473,155 | €450,794 | -€22,361 | -4.7% |
| Land and buildings | 22 | €389,778 | €377,028 | -€12,750 | -3.3% |
| Plant, machinery and equipment | 23 | €40,000 | €40,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €43,377 | €33,765 | -€9,611 | -22.2% |
| Financial fixed assets | 28 | €121,515 | €121,515 | = | 0.0% |
| Current assets | 29/58 | €501,259 | €765,653 | +€264,395 | +52.7% |
| Amounts receivable after more than one year | 29 | €322,000 | €322,000 | = | 0.0% |
| Other amounts receivable | 291 | €322,000 | €322,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,916 | €229,452 | +€217,536 | +1,826% |
| Trade receivables | 40 | €3,023 | €2,973 | -€50 | -1.6% |
| Other amounts receivable | 41 | €8,893 | €226,479 | +€217,586 | +2,447% |
| Current investments | 50/53 | €96,101 | €96,101 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €71,241 | €116,315 | +€45,074 | +63.3% |
| Deferred charges and accrued income | 490/1 | €0 | €1,785 | +€1,785 | |
| Total equity and liabilities | 10/49 | €1,095,928 | €1,337,962 | +€242,033 | +22.1% |
| Equity | 10/15 | €865,795 | €974,068 | +€108,273 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €248,060 | €248,060 | = | 0.0% |
| Distributable reserves | 133 | €248,060 | €248,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €611,535 | €719,808 | +€108,273 | +17.7% |
| Amounts payable | 17/49 | €230,133 | €363,894 | +€133,760 | +58.1% |
| Amounts payable after more than one year | 17 | €169,998 | €140,020 | -€29,977 | -17.6% |
| Financial debts | 170/4 | €169,998 | €140,020 | -€29,977 | -17.6% |
| Amounts payable within one year | 42/48 | €60,136 | €223,874 | +€163,738 | +272% |
| Current portion of amounts payable after more than one year | 42 | €29,576 | €29,977 | +€402 | +1.4% |
| Trade debts | 44 | €842 | €849 | +€7 | +0.9% |
| Suppliers | 440/4 | €842 | €849 | +€7 | +0.9% |
| Taxes, remuneration and social security | 45 | €868 | €8,379 | +€7,511 | +866% |
| Taxes | 450/3 | €568 | €8,079 | +€7,511 | +1,323% |
| Remuneration and social security | 454/9 | €300 | €300 | = | 0.0% |
| Other amounts payable | 47/48 | €28,850 | €184,668 | +€155,818 | +540% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,685 | €24,582 | +€1,896 | +8.4% |
| Other operating charges | 640/8 | €5,251 | €4,426 | -€825 | -15.7% |
| Gross operating margin | 9900 | €279,269 | €283,251 | +€3,982 | +1.4% |
| Operating profit (loss) | 9901 | €251,332 | €254,243 | +€2,911 | +1.2% |
| Financial income | 75/76B | €1,206 | €14,843 | +€13,637 | +1,131% |
| Recurring financial income | 75 | €1,206 | €14,843 | +€13,637 | +1,131% |
| Financial charges | 65/66B | €4,976 | €5,597 | +€621 | +12.5% |
| Recurring financial charges | 65 | €4,976 | €5,597 | +€621 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €247,562 | €263,489 | +€15,927 | +6.4% |
| Income taxes | 67/77 | €5,509 | €12,359 | +€6,850 | +124% |
| Profit (loss) for the period | 9904 | €242,054 | €251,130 | +€9,076 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €242,054 | €251,130 | +€9,076 | +3.7% |
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.