ALAIN HOHO: 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.
ALAIN HOHO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€30,248
down €30,248 (-12.5%), from €242,756 to €212,508
- Other debts +€24,711
up €24,711, from €0 to €24,711
- Profit (loss) carried forward +€18,706
up €18,706 (+13.6%), from €137,902 to €156,608
- Current portion of long-term debt -€9,344
down €9,344 (-24.1%), from €38,793 to €29,449
- Reserves -€8,700
down €8,700 (-3.6%), from €239,657 to €230,957
of which Tax-exempt reserves: -€8,700
- Gross operating margin +€13,673
up €13,673 (+45.8%), from €29,844 to €43,517
- Taxes +€5,310
up €5,310 (+354%), from €1,499 to €6,809
- Depreciation +€4,471
up €4,471 (+19.8%), from €22,594 to €27,064
- Financial income -€3,394
down €3,394 (-28.0%), from €12,140 to €8,746
- Other operating charges -€1,987
down €1,987 (-29.8%), from €6,658 to €4,671
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 | €776,443 | €774,945 | -€1,497 | -0.2% |
| Fixed assets | 21/28 | €468,825 | €466,270 | -€2,554 | -0.5% |
| Tangible fixed assets | 22/27 | €468,825 | €466,270 | -€2,554 | -0.5% |
| Land and buildings | 22 | €468,351 | €466,205 | -€2,146 | -0.5% |
| Furniture and vehicles | 24 | €474 | €65 | -€409 | -86.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €307,618 | €308,675 | +€1,057 | +0.3% |
| Amounts receivable within one year | 40/41 | €298,249 | €301,764 | +€3,515 | +1.2% |
| Trade receivables | 40 | €1,356 | €1,528 | +€172 | +12.7% |
| Other amounts receivable | 41 | €296,893 | €300,236 | +€3,343 | +1.1% |
| Cash at bank and in hand | 54/58 | €9,369 | €6,911 | -€2,458 | -26.2% |
| Total equity and liabilities | 10/49 | €776,443 | €774,945 | -€1,497 | -0.2% |
| Equity | 10/15 | €390,059 | €400,065 | +€10,006 | +2.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €239,657 | €230,957 | -€8,700 | -3.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €237,657 | €228,957 | -€8,700 | -3.7% |
| Profit (loss) carried forward | 14 | €137,902 | €156,608 | +€18,706 | +13.6% |
| Provisions and deferred taxes | 16 | €97,272 | €92,793 | -€4,480 | -4.6% |
| Deferred taxes | 168 | €97,272 | €92,793 | -€4,480 | -4.6% |
| Amounts payable | 17/49 | €289,111 | €282,087 | -€7,024 | -2.4% |
| Amounts payable after more than one year | 17 | €242,756 | €212,508 | -€30,248 | -12.5% |
| Financial debts | 170/4 | €242,756 | €212,508 | -€30,248 | -12.5% |
| Amounts payable within one year | 42/48 | €46,355 | €68,718 | +€22,363 | +48.2% |
| Current portion of amounts payable after more than one year | 42 | €38,793 | €29,449 | -€9,344 | -24.1% |
| Trade debts | 44 | €5,123 | €4,174 | -€949 | -18.5% |
| Suppliers | 440/4 | €5,123 | €4,174 | -€949 | -18.5% |
| Taxes, remuneration and social security | 45 | €2,439 | €10,385 | +€7,946 | +326% |
| Taxes | 450/3 | €2,439 | €10,385 | +€7,946 | +326% |
| Other amounts payable | 47/48 | €0 | €24,711 | +€24,711 | |
| Accrued charges and deferred income | 492/3 | - | €861 | +€861 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,594 | €27,064 | +€4,471 | +19.8% |
| Other operating charges | 640/8 | €6,658 | €4,671 | -€1,987 | -29.8% |
| Gross operating margin | 9900 | €29,844 | €43,517 | +€13,673 | +45.8% |
| Operating profit (loss) | 9901 | €592 | €11,781 | +€11,189 | +1,889% |
| Financial income | 75/76B | €12,140 | €8,746 | -€3,394 | -28.0% |
| Recurring financial income | 75 | €12,140 | €8,746 | -€3,394 | -28.0% |
| Financial charges | 65/66B | €7,923 | €8,191 | +€268 | +3.4% |
| Recurring financial charges | 65 | €7,923 | €8,191 | +€268 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €4,810 | €12,336 | +€7,526 | +156% |
| Transfer from deferred taxes | 780 | €4,480 | €4,480 | = | 0.0% |
| Income taxes | 67/77 | €1,499 | €6,809 | +€5,310 | +354% |
| Profit (loss) for the period | 9904 | €7,790 | €10,006 | +€2,216 | +28.4% |
| Transfer from tax-exempt reserves | 789 | €8,700 | €8,700 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,490 | €18,706 | +€2,216 | +13.4% |
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 28 October 2026 via checked.be.