DE HOEVEKIP: 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.
DE HOEVEKIP
Largest movements
- Receivables within one year +€257,655
up €257,655 (+5,779%), from €4,459 to €262,113
of which Other amounts receivable: +€172,100
- Tangible fixed assets +€177,554
up €177,554 (+175%), from €101,589 to €279,142
of which Land and buildings: +€202,829
- Current investments +€29,500
up €29,500 (+46.8%), from €63,027 to €92,527
- Cash +€15,597
up €15,597 (+47.5%), from €32,861 to €48,459
mainly Trade debts (+€254,840) and Debts after one year (+€153,125)
- Trade debts +€254,840
up €254,840 (+1,762%), from €14,464 to €269,304
- Debts after one year +€153,125
new in 2025: €153,125
- Reserves +€49,543
up €49,543 (+45.3%), from €109,262 to €158,805
of which Distributable reserves: +€49,543
- Current portion of long-term debt +€21,875
new in 2025: €21,875
- Gross operating margin +€68,477
up €68,477 (+83.6%), from €81,913 to €150,390
- Depreciation +€47,498
up €47,498 (+151%), from €31,551 to €79,049
- Taxes +€7,728
up €7,728 (+49.5%), from €15,606 to €23,334
- Financial income +€4,586
up €4,586 (+155%), from €2,966 to €7,552
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 | €209,898 | €690,891 | +€480,993 | +229% |
| Fixed assets | 21/28 | €101,589 | €279,142 | +€177,554 | +175% |
| Tangible fixed assets | 22/27 | €101,589 | €279,142 | +€177,554 | +175% |
| Land and buildings | 22 | - | €202,829 | +€202,829 | |
| Plant, machinery and equipment | 23 | €17,583 | €14,130 | -€3,452 | -19.6% |
| Furniture and vehicles | 24 | €66,758 | €44,214 | -€22,545 | -33.8% |
| Other tangible fixed assets | 26 | €17,248 | €17,969 | +€721 | +4.2% |
| Current assets | 29/58 | €108,309 | €411,749 | +€303,440 | +280% |
| Amounts receivable within one year | 40/41 | €4,459 | €262,113 | +€257,655 | +5,779% |
| Trade receivables | 40 | €289 | €85,843 | +€85,554 | +29,651% |
| Other amounts receivable | 41 | €4,170 | €176,271 | +€172,100 | +4,127% |
| Current investments | 50/53 | €63,027 | €92,527 | +€29,500 | +46.8% |
| Cash at bank and in hand | 54/58 | €32,861 | €48,459 | +€15,597 | +47.5% |
| Deferred charges and accrued income | 490/1 | €7,962 | €8,650 | +€688 | +8.6% |
| Total equity and liabilities | 10/49 | €209,898 | €690,891 | +€480,993 | +229% |
| Equity | 10/15 | €164,953 | €214,496 | +€49,543 | +30.0% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €109,262 | €158,805 | +€49,543 | +45.3% |
| Tax-exempt reserves | 132 | €2,420 | €2,420 | = | 0.0% |
| Distributable reserves | 133 | €106,842 | €156,385 | +€49,543 | +46.4% |
| Profit (loss) carried forward | 14 | €33,191 | €33,191 | = | 0.0% |
| Amounts payable | 17/49 | €44,945 | €476,395 | +€431,450 | +960% |
| Amounts payable after more than one year | 17 | - | €153,125 | +€153,125 | |
| Financial debts | 170/4 | - | €153,125 | +€153,125 | |
| Amounts payable within one year | 42/48 | €39,778 | €317,944 | +€278,167 | +699% |
| Current portion of amounts payable after more than one year | 42 | - | €21,875 | +€21,875 | |
| Trade debts | 44 | €14,464 | €269,304 | +€254,840 | +1,762% |
| Suppliers | 440/4 | €14,464 | €269,304 | +€254,840 | +1,762% |
| Taxes, remuneration and social security | 45 | €547 | €524 | -€23 | -4.3% |
| Taxes | 450/3 | €547 | €524 | -€23 | -4.3% |
| Other amounts payable | 47/48 | €24,766 | €26,241 | +€1,475 | +6.0% |
| Accrued charges and deferred income | 492/3 | €5,167 | €5,326 | +€158 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,551 | €79,049 | +€47,498 | +151% |
| Other operating charges | 640/8 | €1,512 | €1,422 | -€91 | -6.0% |
| Gross operating margin | 9900 | €81,913 | €150,390 | +€68,477 | +83.6% |
| Operating profit (loss) | 9901 | €48,850 | €69,919 | +€21,069 | +43.1% |
| Financial income | 75/76B | €2,966 | €7,552 | +€4,586 | +155% |
| Recurring financial income | 75 | €2,966 | €7,552 | +€4,586 | +155% |
| Financial charges | 65/66B | €3,093 | €3,761 | +€668 | +21.6% |
| Recurring financial charges | 65 | €3,093 | €3,761 | +€668 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €48,723 | €73,710 | +€24,987 | +51.3% |
| Income taxes | 67/77 | €15,606 | €23,334 | +€7,728 | +49.5% |
| Profit (loss) for the period | 9904 | €33,116 | €50,376 | +€17,260 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,116 | €50,376 | +€17,260 | +52.1% |
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 23 October 2026 via checked.be.