HICK/WIN: what changed
HICK/WIN
Largest movements
- Tangible fixed assets -€15,747
down €15,747 (-7.2%), from €219,372 to €203,625
- Receivables within one year +€8,891
up €8,891 (+34.0%), from €26,124 to €35,016
of which Other amounts receivable: +€6,391
- Cash -€7,940
down €7,940 (-94.3%), from €8,418 to €478
mainly Debts after one year (-€21,723) and Receivables within one year (-€8,891)
- Debts after one year -€21,723
down €21,723 (-16.6%), from €131,231 to €109,509
- Tax, wage and social debts +€7,347
up €7,347 (+26.0%), from €28,234 to €35,581
- Other debts +€3,678
up €3,678 (+94.9%), from €3,875 to €7,553
- Profit (loss) carried forward -€3,281
down €3,281 (-43.2%), from €7,587 to €4,307
- Gross operating margin -€3,126
down €3,126 (-12.6%), from €24,786 to €21,660
- Taxes -€689
down €689 (-52.4%), from €1,315 to €626
- Financial charges -€377
down €377 (-9.4%), from €4,023 to €3,646
- Financial income +€278
up €278 (+46,288%), from €1 to €278
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €279,111 | €264,315 | -€14,796 | -5.3% |
| Fixed assets | 21/28 | €244,569 | €228,822 | -€15,747 | -6.4% |
| Tangible fixed assets | 22/27 | €219,372 | €203,625 | -€15,747 | -7.2% |
| Land and buildings | 22 | €219,372 | €203,625 | -€15,747 | -7.2% |
| Financial fixed assets | 28 | €25,197 | €25,197 | = | 0.0% |
| Current assets | 29/58 | €34,542 | €35,494 | +€952 | +2.8% |
| Amounts receivable within one year | 40/41 | €26,124 | €35,016 | +€8,891 | +34.0% |
| Trade receivables | 40 | - | €2,500 | +€2,500 | |
| Other amounts receivable | 41 | €26,124 | €32,516 | +€6,391 | +24.5% |
| Cash at bank and in hand | 54/58 | €8,418 | €478 | -€7,940 | -94.3% |
| Total equity and liabilities | 10/49 | €279,111 | €264,315 | -€14,796 | -5.3% |
| Equity | 10/15 | €87,587 | €84,307 | -€3,281 | -3.7% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,587 | €4,307 | -€3,281 | -43.2% |
| Amounts payable | 17/49 | €191,524 | €180,009 | -€11,515 | -6.0% |
| Amounts payable after more than one year | 17 | €131,231 | €109,509 | -€21,723 | -16.6% |
| Financial debts | 170/4 | €131,231 | €109,509 | -€21,723 | -16.6% |
| Amounts payable within one year | 42/48 | €60,292 | €70,500 | +€10,208 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €21,243 | €21,723 | +€480 | +2.3% |
| Trade debts | 44 | €6,941 | €5,643 | -€1,298 | -18.7% |
| Suppliers | 440/4 | €6,941 | €5,643 | -€1,298 | -18.7% |
| Taxes, remuneration and social security | 45 | €28,234 | €35,581 | +€7,347 | +26.0% |
| Taxes | 450/3 | €28,234 | €35,581 | +€7,347 | +26.0% |
| Other amounts payable | 47/48 | €3,875 | €7,553 | +€3,678 | +94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,739 | €15,747 | +€8 | 0.0% |
| Other operating charges | 640/8 | €200 | €200 | = | 0.0% |
| Gross operating margin | 9900 | €24,786 | €21,660 | -€3,126 | -12.6% |
| Operating profit (loss) | 9901 | €8,846 | €5,713 | -€3,134 | -35.4% |
| Financial income | 75/76B | €1 | €278 | +€278 | +46,288% |
| Recurring financial income | 75 | €1 | €278 | +€278 | +46,288% |
| Financial charges | 65/66B | €4,023 | €3,646 | -€377 | -9.4% |
| Recurring financial charges | 65 | €4,023 | €3,646 | -€377 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €4,824 | €2,345 | -€2,479 | -51.4% |
| Income taxes | 67/77 | €1,315 | €626 | -€689 | -52.4% |
| Profit (loss) for the period | 9904 | €3,510 | €1,719 | -€1,790 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,510 | €1,719 | -€1,790 | -51.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.