HYSOP: 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.
HYSOP
Largest movements
- Deferred charges and accrued income -€136,753
down €136,753 (-57.6%), from €237,261 to €100,508
- Receivables within one year +€115,469
up €115,469 (+6.2%), from €1.9m to €2.0m
of which Other amounts receivable: +€83,077
- Other debts +€175,000
up €175,000, from €0 to €175,000
- Debts after one year -€123,080
down €123,080 (-12.6%), from €973,080 to €850,000
- Current portion of long-term debt -€79,715
down €79,715 (-100%), from €79,715 to €0
- Gross operating margin +€285,489
up €285,489 (+57.4%), from €497,669 to €783,159
- Staff costs +€105,024
up €105,024 (+24.3%), from €432,866 to €537,890
- Other operating charges +€26,617
up €26,617 (+1,876%), from €1,419 to €28,036
- Financial charges -€18,334
down €18,334 (-20.9%), from €87,616 to €69,282
- Financial income +€16,420
up €16,420 (+36.1%), from €45,467 to €61,887
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,518,896 | €2,471,963 | -€46,933 | -1.9% |
| Fixed assets | 21/28 | €108,859 | €93,905 | -€14,953 | -13.7% |
| Intangible fixed assets | 21 | €29,241 | €24,460 | -€4,781 | -16.4% |
| Tangible fixed assets | 22/27 | €79,617 | €69,445 | -€10,172 | -12.8% |
| Plant, machinery and equipment | 23 | €40,840 | €36,013 | -€4,827 | -11.8% |
| Furniture and vehicles | 24 | €11,684 | €6,252 | -€5,432 | -46.5% |
| Other tangible fixed assets | 26 | €27,094 | €27,180 | +€86 | +0.3% |
| Current assets | 29/58 | €2,410,037 | €2,378,057 | -€31,979 | -1.3% |
| Stocks and contracts in progress | 3 | €251,615 | €227,750 | -€23,865 | -9.5% |
| Stocks | 30/36 | €251,615 | €227,750 | -€23,865 | -9.5% |
| Amounts receivable within one year | 40/41 | €1,869,249 | €1,984,718 | +€115,469 | +6.2% |
| Trade receivables | 40 | €206,345 | €238,736 | +€32,392 | +15.7% |
| Other amounts receivable | 41 | €1,662,904 | €1,745,982 | +€83,077 | +5.0% |
| Cash at bank and in hand | 54/58 | €51,912 | €65,081 | +€13,170 | +25.4% |
| Deferred charges and accrued income | 490/1 | €237,261 | €100,508 | -€136,753 | -57.6% |
| Total equity and liabilities | 10/49 | €2,518,896 | €2,471,963 | -€46,933 | -1.9% |
| Equity | 10/15 | €1,130,033 | €1,132,403 | +€2,370 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,123,833 | €1,126,203 | +€2,370 | +0.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Other | 1319 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,121,978 | €1,124,348 | +€2,370 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,388,862 | €1,339,560 | -€49,302 | -3.5% |
| Amounts payable after more than one year | 17 | €973,080 | €850,000 | -€123,080 | -12.6% |
| Financial debts | 170/4 | €973,080 | €850,000 | -€123,080 | -12.6% |
| Amounts payable within one year | 42/48 | €395,110 | €481,191 | +€86,082 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €79,715 | €0 | -€79,715 | -100% |
| Financial debts | 43 | €7,284 | €0 | -€7,284 | -100% |
| Credit institutions | 430/8 | €7,284 | €0 | -€7,284 | -100% |
| Trade debts | 44 | €238,636 | €230,050 | -€8,586 | -3.6% |
| Suppliers | 440/4 | €238,636 | €230,050 | -€8,586 | -3.6% |
| Taxes, remuneration and social security | 45 | €69,476 | €76,142 | +€6,666 | +9.6% |
| Taxes | 450/3 | €13,545 | €30,690 | +€17,145 | +127% |
| Remuneration and social security | 454/9 | €55,931 | €45,451 | -€10,479 | -18.7% |
| Other amounts payable | 47/48 | €0 | €175,000 | +€175,000 | |
| Accrued charges and deferred income | 492/3 | €20,672 | €8,368 | -€12,304 | -59.5% |
| Non-recurring operating income | 76A | - | €232 | +€232 | |
| Remuneration, social security and pensions | 62 | €432,866 | €537,890 | +€105,024 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,189 | €19,945 | -€1,244 | -5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €128 | €0 | -€128 | -100% |
| Other operating charges | 640/8 | €1,419 | €28,036 | +€26,617 | +1,876% |
| Non-recurring operating charges | 66A | - | €3,559 | +€3,559 | |
| Gross operating margin | 9900 | €497,669 | €783,159 | +€285,489 | +57.4% |
| Operating profit (loss) | 9901 | €42,068 | €193,729 | +€151,661 | +361% |
| Financial income | 75/76B | €45,467 | €61,887 | +€16,420 | +36.1% |
| Recurring financial income | 75 | €45,467 | €61,887 | +€16,420 | +36.1% |
| Financial charges | 65/66B | €87,616 | €69,282 | -€18,334 | -20.9% |
| Recurring financial charges | 65 | €87,616 | €69,282 | -€18,334 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€81 | €186,333 | +€186,415 | |
| Income taxes | 67/77 | €4,917 | €8,964 | +€4,046 | +82.3% |
| Profit (loss) for the period | 9904 | -€4,999 | €177,370 | +€182,368 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,999 | €177,370 | +€182,368 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.