Hyred: 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.
Hyred
Largest movements
- Receivables within one year -€402,762
down €402,762 (-46.6%), from €864,829 to €462,067
of which Trade receivables: -€363,901
- Current investments +€60,000
new in 2025: €60,000
- Cash -€41,948
down €41,948 (-31.2%), from €134,596 to €92,647
mainly Investment in fixed assets (net) (-€446,378) and Trade debts (-€215,582)
- Trade debts -€215,582
down €215,582 (-36.4%), from €592,552 to €376,970
- Debts after one year -€182,513
down €182,513 (-48.7%), from €375,030 to €192,517
- Reserves +€89,742
up €89,742 (+8.7%), from €1.0m to €1.1m
of which Distributable reserves: +€110,000
- Tax, wage and social debts -€37,982
down €37,982 (-61.7%), from €61,561 to €23,579
of which Taxes: -€27,946
- Staff costs +€114,604
up €114,604 (+40.8%), from €280,933 to €395,538
- Gross operating margin +€51,747
up €51,747 (+5.7%), from €900,846 to €952,593
- Financial income +€46,024
up €46,024 (+152%), from €30,373 to €76,397
of which Financial income: +€45,858
- Depreciation +€36,555
up €36,555 (+9.4%), from €387,975 to €424,530
- Taxes -€33,875
down €33,875 (-48.8%), from €69,446 to €35,571
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 | €2,561,351 | €2,199,925 | -€361,426 | -14.1% |
| Fixed assets | 21/28 | €1,102,270 | €1,124,119 | +€21,848 | +2.0% |
| Tangible fixed assets | 22/27 | €950,760 | €962,609 | +€11,848 | +1.2% |
| Land and buildings | 22 | €51,658 | €45,828 | -€5,829 | -11.3% |
| Plant, machinery and equipment | 23 | €788,621 | €882,310 | +€93,688 | +11.9% |
| Furniture and vehicles | 24 | €46,542 | €21,779 | -€24,762 | -53.2% |
| Leasing and similar rights | 25 | €63,940 | €12,691 | -€51,248 | -80.2% |
| Financial fixed assets | 28 | €151,510 | €161,510 | +€10,000 | +6.6% |
| Current assets | 29/58 | €1,459,081 | €1,075,807 | -€383,275 | -26.3% |
| Amounts receivable after more than one year | 29 | €350,000 | €350,000 | = | 0.0% |
| Trade receivables | 290 | €350,000 | €350,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €91,281 | €87,458 | -€3,823 | -4.2% |
| Stocks | 30/36 | €91,281 | €87,458 | -€3,823 | -4.2% |
| Amounts receivable within one year | 40/41 | €864,829 | €462,067 | -€402,762 | -46.6% |
| Trade receivables | 40 | €804,489 | €440,588 | -€363,901 | -45.2% |
| Other amounts receivable | 41 | €60,340 | €21,479 | -€38,861 | -64.4% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €134,596 | €92,647 | -€41,948 | -31.2% |
| Deferred charges and accrued income | 490/1 | €18,375 | €23,634 | +€5,259 | +28.6% |
| Total equity and liabilities | 10/49 | €2,561,351 | €2,199,925 | -€361,426 | -14.1% |
| Equity | 10/15 | €1,185,927 | €1,277,466 | +€91,540 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,033,252 | €1,122,993 | +€89,742 | +8.7% |
| Tax-exempt reserves | 132 | €45,392 | €25,133 | -€20,258 | -44.6% |
| Distributable reserves | 133 | €987,860 | €1,097,860 | +€110,000 | +11.1% |
| Profit (loss) carried forward | 14 | €134,075 | €135,873 | +€1,798 | +1.3% |
| Provisions and deferred taxes | 16 | €15,131 | €8,378 | -€6,753 | -44.6% |
| Deferred taxes | 168 | €15,131 | €8,378 | -€6,753 | -44.6% |
| Amounts payable | 17/49 | €1,360,294 | €914,081 | -€446,213 | -32.8% |
| Amounts payable after more than one year | 17 | €375,030 | €192,517 | -€182,513 | -48.7% |
| Financial debts | 170/4 | €375,030 | €192,517 | -€182,513 | -48.7% |
| Amounts payable within one year | 42/48 | €984,071 | €718,357 | -€265,714 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €217,558 | €209,568 | -€7,991 | -3.7% |
| Trade debts | 44 | €592,552 | €376,970 | -€215,582 | -36.4% |
| Suppliers | 440/4 | €592,552 | €376,970 | -€215,582 | -36.4% |
| Advances received on contracts in progress | 46 | - | €4,792 | +€4,792 | |
| Taxes, remuneration and social security | 45 | €61,561 | €23,579 | -€37,982 | -61.7% |
| Taxes | 450/3 | €34,753 | €6,808 | -€27,946 | -80.4% |
| Remuneration and social security | 454/9 | €26,808 | €16,771 | -€10,036 | -37.4% |
| Other amounts payable | 47/48 | €112,400 | €103,448 | -€8,951 | -8.0% |
| Accrued charges and deferred income | 492/3 | €1,193 | €3,207 | +€2,014 | +169% |
| Non-recurring operating income | 76A | - | €12,535 | +€12,535 | |
| Remuneration, social security and pensions | 62 | €280,933 | €395,538 | +€114,604 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387,975 | €424,530 | +€36,555 | +9.4% |
| Other operating charges | 640/8 | €9,813 | €10,176 | +€364 | +3.7% |
| Non-recurring operating charges | 66A | - | €46,486 | +€46,486 | |
| Gross operating margin | 9900 | €900,846 | €952,593 | +€51,747 | +5.7% |
| Operating profit (loss) | 9901 | €222,125 | €75,863 | -€146,262 | -65.8% |
| Financial income | 75/76B | €30,373 | €76,397 | +€46,024 | +152% |
| Recurring financial income | 75 | €29,168 | €75,025 | +€45,858 | +157% |
| Non-recurring financial income | 76B | €1,205 | €1,371 | +€166 | +13.8% |
| Financial charges | 65/66B | €32,184 | €31,901 | -€283 | -0.9% |
| Recurring financial charges | 65 | €32,184 | €31,901 | -€283 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €220,313 | €120,358 | -€99,955 | -45.4% |
| Transfer from deferred taxes | 780 | €6,910 | €6,753 | -€157 | -2.3% |
| Income taxes | 67/77 | €69,446 | €35,571 | -€33,875 | -48.8% |
| Profit (loss) for the period | 9904 | €157,777 | €91,540 | -€66,237 | -42.0% |
| Transfer from tax-exempt reserves | 789 | €20,729 | €20,258 | -€470 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €178,506 | €111,798 | -€66,708 | -37.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.