HYSECO: 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.
HYSECO
Largest movements
- Cash +€56,020
up €56,020 (+123%), from €45,695 to €101,715
mainly Net result for the year (+€41,621) and Trade debts (+€22,088)
- Receivables within one year +€32,698
up €32,698 (+60.4%), from €54,159 to €86,857
- Tangible fixed assets -€7,320
down €7,320 (-17.8%), from €41,214 to €33,894
of which Furniture and vehicles: -€6,318
- Deferred charges and accrued income +€4,929
up €4,929 (+194%), from €2,544 to €7,473
- Stocks and contracts -€3,682
down €3,682 (-8.8%), from €41,641 to €37,960
- Reserves +€40,000
up €40,000 (+134%), from €29,860 to €69,860
- Trade debts +€22,088
up €22,088 (+57.3%), from €38,536 to €60,624
- Advances received +€21,388
up €21,388 (+94.0%), from €22,761 to €44,149
- Tax, wage and social debts +€13,884
up €13,884 (+127%), from €10,937 to €24,821
- Other debts -€8,595
down €8,595 (-26.1%), from €32,972 to €24,378
- Gross operating margin +€35,121
up €35,121 (+84.2%), from €41,722 to €76,843
- Taxes +€17,336
up €17,336 (+385%), from €4,500 to €21,836
- Depreciation +€3,191
up €3,191 (+39.0%), from €8,187 to €11,377
- Other operating charges -€2,018
down €2,018 (-81.7%), from €2,471 to €453
- Financial charges -€778
down €778 (-29.0%), from €2,686 to €1,909
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 | €187,234 | €269,878 | +€82,644 | +44.1% |
| Fixed assets | 21/28 | €43,194 | €35,874 | -€7,320 | -16.9% |
| Tangible fixed assets | 22/27 | €41,214 | €33,894 | -€7,320 | -17.8% |
| Plant, machinery and equipment | 23 | €980 | €418 | -€562 | -57.3% |
| Furniture and vehicles | 24 | €38,194 | €31,876 | -€6,318 | -16.5% |
| Other tangible fixed assets | 26 | €2,040 | €1,600 | -€440 | -21.6% |
| Financial fixed assets | 28 | €1,980 | €1,980 | = | 0.0% |
| Current assets | 29/58 | €144,040 | €234,004 | +€89,965 | +62.5% |
| Stocks and contracts in progress | 3 | €41,641 | €37,960 | -€3,682 | -8.8% |
| Stocks | 30/36 | €41,641 | €37,960 | -€3,682 | -8.8% |
| Amounts receivable within one year | 40/41 | €54,159 | €86,857 | +€32,698 | +60.4% |
| Trade receivables | 40 | €54,159 | €86,857 | +€32,698 | +60.4% |
| Cash at bank and in hand | 54/58 | €45,695 | €101,715 | +€56,020 | +123% |
| Deferred charges and accrued income | 490/1 | €2,544 | €7,473 | +€4,929 | +194% |
| Total equity and liabilities | 10/49 | €187,234 | €269,878 | +€82,644 | +44.1% |
| Equity | 10/15 | €48,665 | €90,286 | +€41,621 | +85.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,860 | €69,860 | +€40,000 | +134% |
| Distributable reserves | 133 | €29,860 | €69,860 | +€40,000 | +134% |
| Profit (loss) carried forward | 14 | €205 | €1,826 | +€1,621 | +790% |
| Amounts payable | 17/49 | €138,569 | €179,592 | +€41,023 | +29.6% |
| Amounts payable after more than one year | 17 | €25,621 | €19,186 | -€6,435 | -25.1% |
| Financial debts | 170/4 | €25,621 | €19,186 | -€6,435 | -25.1% |
| Amounts payable within one year | 42/48 | €111,264 | €160,406 | +€49,142 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €6,057 | €6,435 | +€377 | +6.2% |
| Trade debts | 44 | €38,536 | €60,624 | +€22,088 | +57.3% |
| Suppliers | 440/4 | €38,536 | €60,624 | +€22,088 | +57.3% |
| Advances received on contracts in progress | 46 | €22,761 | €44,149 | +€21,388 | +94.0% |
| Taxes, remuneration and social security | 45 | €10,937 | €24,821 | +€13,884 | +127% |
| Taxes | 450/3 | €10,937 | €24,821 | +€13,884 | +127% |
| Other amounts payable | 47/48 | €32,972 | €24,378 | -€8,595 | -26.1% |
| Accrued charges and deferred income | 492/3 | €1,684 | - | -€1,684 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,187 | €11,377 | +€3,191 | +39.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €437 | €0 | -€437 | -100% |
| Other operating charges | 640/8 | €2,471 | €453 | -€2,018 | -81.7% |
| Gross operating margin | 9900 | €41,722 | €76,843 | +€35,121 | +84.2% |
| Operating profit (loss) | 9901 | €30,628 | €65,013 | +€34,385 | +112% |
| Financial income | 75/76B | €670 | €353 | -€317 | -47.3% |
| Recurring financial income | 75 | €670 | €353 | -€317 | -47.3% |
| Financial charges | 65/66B | €2,686 | €1,909 | -€778 | -29.0% |
| Recurring financial charges | 65 | €2,686 | €1,909 | -€778 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €28,611 | €63,457 | +€34,846 | +122% |
| Income taxes | 67/77 | €4,500 | €21,836 | +€17,336 | +385% |
| Profit (loss) for the period | 9904 | €24,111 | €41,621 | +€17,510 | +72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,111 | €41,621 | +€17,510 | +72.6% |
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 20 October 2026 via checked.be.