HypManagement: 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.
HypManagement
Largest movements
- Current investments +€210,076
new in 2025: €210,076
- Receivables within one year +€163,363
up €163,363 (+33.0%), from €494,625 to €657,989
of which Trade receivables: +€179,134
- Cash -€140,933
down €140,933 (-53.9%), from €261,357 to €120,425
mainly Current investments (-€210,076) and Receivables within one year (-€163,363)
- Tangible fixed assets +€87,493
up €87,493 (+63.3%), from €138,261 to €225,754
of which Furniture and vehicles: +€62,203
- Reserves +€224,210
up €224,210 (+40.8%), from €549,414 to €773,624
- Tax, wage and social debts +€50,074
up €50,074 (+56.0%), from €89,396 to €139,470
of which Taxes: +€27,062
- Trade debts +€28,713
up €28,713 (+114%), from €25,199 to €53,913
- Current portion of long-term debt +€13,877
up €13,877 (+90.1%), from €15,409 to €29,286
- Gross operating margin +€171,069
up €171,069 (+26.9%), from €635,978 to €807,047
- Staff costs +€97,383
up €97,383 (+38.2%), from €255,141 to €352,524
- Taxes +€20,187
up €20,187 (+32.6%), from €61,875 to €82,062
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 | €906,569 | €1,227,684 | +€321,115 | +35.4% |
| Fixed assets | 21/28 | €147,474 | €235,627 | +€88,153 | +59.8% |
| Intangible fixed assets | 21 | €2,142 | €142 | -€2,000 | -93.4% |
| Tangible fixed assets | 22/27 | €138,261 | €225,754 | +€87,493 | +63.3% |
| Furniture and vehicles | 24 | €38,977 | €101,181 | +€62,203 | +160% |
| Other tangible fixed assets | 26 | €99,283 | €124,573 | +€25,290 | +25.5% |
| Financial fixed assets | 28 | €7,071 | €9,731 | +€2,660 | +37.6% |
| Current assets | 29/58 | €759,095 | €992,057 | +€232,962 | +30.7% |
| Amounts receivable within one year | 40/41 | €494,625 | €657,989 | +€163,363 | +33.0% |
| Trade receivables | 40 | €478,855 | €657,989 | +€179,134 | +37.4% |
| Other amounts receivable | 41 | €15,770 | - | -€15,770 | |
| Current investments | 50/53 | - | €210,076 | +€210,076 | |
| Cash at bank and in hand | 54/58 | €261,357 | €120,425 | -€140,933 | -53.9% |
| Deferred charges and accrued income | 490/1 | €3,112 | €3,568 | +€456 | +14.6% |
| Total equity and liabilities | 10/49 | €906,569 | €1,227,684 | +€321,115 | +35.4% |
| Equity | 10/15 | €561,814 | €786,024 | +€224,210 | +39.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €549,414 | €773,624 | +€224,210 | +40.8% |
| Distributable reserves | 133 | €549,414 | €773,624 | +€224,210 | +40.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €344,755 | €441,660 | +€96,905 | +28.1% |
| Amounts payable after more than one year | 17 | €79,748 | €91,358 | +€11,610 | +14.6% |
| Financial debts | 170/4 | €79,748 | €91,358 | +€11,610 | +14.6% |
| Amounts payable within one year | 42/48 | €247,190 | €340,005 | +€92,815 | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €15,409 | €29,286 | +€13,877 | +90.1% |
| Financial debts | 43 | €10,213 | €13,542 | +€3,330 | +32.6% |
| Credit institutions | 430/8 | €10,213 | €13,542 | +€3,330 | +32.6% |
| Trade debts | 44 | €25,199 | €53,913 | +€28,713 | +114% |
| Suppliers | 440/4 | €25,199 | €53,913 | +€28,713 | +114% |
| Taxes, remuneration and social security | 45 | €89,396 | €139,470 | +€50,074 | +56.0% |
| Taxes | 450/3 | €32,978 | €60,040 | +€27,062 | +82.1% |
| Remuneration and social security | 454/9 | €56,418 | €79,431 | +€23,013 | +40.8% |
| Other amounts payable | 47/48 | €106,973 | €103,794 | -€3,179 | -3.0% |
| Accrued charges and deferred income | 492/3 | €17,816 | €10,296 | -€7,520 | -42.2% |
| Non-recurring operating income | 76A | €12,000 | €0 | -€12,000 | -100% |
| Remuneration, social security and pensions | 62 | €255,141 | €352,524 | +€97,383 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,856 | €35,951 | +€4,095 | +12.9% |
| Other operating charges | 640/8 | €10,506 | €8,093 | -€2,413 | -23.0% |
| Gross operating margin | 9900 | €635,978 | €807,047 | +€171,069 | +26.9% |
| Operating profit (loss) | 9901 | €338,476 | €410,479 | +€72,004 | +21.3% |
| Financial income | 75/76B | €1,889 | €76 | -€1,814 | -96.0% |
| Recurring financial income | 75 | €1,889 | €76 | -€1,814 | -96.0% |
| Financial charges | 65/66B | €8,319 | €4,283 | -€4,036 | -48.5% |
| Recurring financial charges | 65 | €8,319 | €4,283 | -€4,036 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €332,046 | €406,272 | +€74,226 | +22.4% |
| Income taxes | 67/77 | €61,875 | €82,062 | +€20,187 | +32.6% |
| Profit (loss) for the period | 9904 | €270,171 | €324,210 | +€54,039 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €270,171 | €324,210 | +€54,039 | +20.0% |
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 25 October 2026 via checked.be.