De Hoprank: 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.
What changed
De Hoprank
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€70,499
2024 · €512,949-€583,448
Equity
€4.0m
2024 · €4.1m-€63,756
Cash
€72,872
2024 · €193,723-€120,851
Balance sheet total
€6.4m
2024 · €6.6m-€212,435
Largest movements
Assets
- Cash -€120,851
down €120,851 (-62.4%), from €193,723 to €72,872
mainly Investment in fixed assets (net) (-€141,962) and Current portion of long-term debt (-€91,667)
- Tangible fixed assets -€80,648
down €80,648 (-1.3%), from €6.4m to €6.3m
of which Land and buildings: -€80,730
Equity and liabilities
- Current portion of long-term debt -€91,667
no longer reported in 2025 (was €91,667)
Income statement
- Gross operating margin -€908,974
down €908,974 (-79.0%), from €1.2m to €241,123
- Financial charges -€83,111
down €83,111 (-61.9%), from €134,313 to €51,202
- Staff costs -€50,050
down €50,050 (-80.0%), from €62,540 to €12,489
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.
Result 2024
€512,949
Gross operating margin
-€908,974
Staff costs
+€50,050
Depreciation
+€4,211
Other operating charges
+€7,266
Other operating items
-€15,516
Financial income
+€146
Financial charges
+€83,111
Taxes
-€193
Deferred taxes and other
+€196,451
Result 2025
-€70,499
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€106,035
Investment
-€141,962
Financing
-€84,923
Cash 2024
€193,723
From operations (derived)
+€106,035
Net result for the year
-€70,499
Depreciation
+€222,610
Receivables within one year
+€11,078
Deferred charges and accrued income
-€141
Provisions
-€12,183
Trade debts
+€2,529
Tax, wage and social debts
-€32,313
Other debts
-€15,045
Investment (derived)
-€141,962
Investment in fixed assets (net)
-€141,962
Financing
-€84,923
Current portion of long-term debt
-€91,667
Contributions, distributions and other
+€6,743
Cash 2025
€72,872
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,642,090 | €6,429,654 | -€212,435 | -3.2% |
| Fixed assets | 21/28 | €6,426,355 | €6,345,707 | -€80,648 | -1.3% |
| Tangible fixed assets | 22/27 | €6,426,355 | €6,345,707 | -€80,648 | -1.3% |
| Land and buildings | 22 | €6,424,826 | €6,344,097 | -€80,730 | -1.3% |
| Plant, machinery and equipment | 23 | €1,203 | €1,517 | +€314 | +26.1% |
| Furniture and vehicles | 24 | €325 | €93 | -€232 | -71.3% |
| Current assets | 29/58 | €215,735 | €83,947 | -€131,788 | -61.1% |
| Amounts receivable within one year | 40/41 | €18,957 | €7,879 | -€11,078 | -58.4% |
| Trade receivables | 40 | €12,458 | - | -€12,458 | |
| Other amounts receivable | 41 | €6,499 | €7,879 | +€1,380 | +21.2% |
| Cash at bank and in hand | 54/58 | €193,723 | €72,872 | -€120,851 | -62.4% |
| Deferred charges and accrued income | 490/1 | €3,055 | €3,196 | +€141 | +4.6% |
| Total equity and liabilities | 10/49 | €6,642,090 | €6,429,654 | -€212,435 | -3.2% |
| Equity | 10/15 | €4,107,344 | €4,043,588 | -€63,756 | -1.6% |
| Contributions | 10/11 | €1,744,068 | €1,744,068 | = | 0.0% |
| Capital | 10 | €1,744,068 | €1,744,068 | = | 0.0% |
| Issued capital | 100 | €1,744,068 | €1,744,068 | = | 0.0% |
| Reserves | 13 | €1,292,535 | €1,255,985 | -€36,550 | -2.8% |
| Non-distributable reserves | 130/1 | €216,963 | €216,963 | = | 0.0% |
| Legal reserve | 130 | €216,963 | €216,963 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,075,572 | €1,039,022 | -€36,550 | -3.4% |
| Profit (loss) carried forward | 14 | €977,896 | €943,947 | -€33,949 | -3.5% |
| Investment grants | 15 | €92,844 | €99,588 | +€6,743 | +7.3% |
| Provisions and deferred taxes | 16 | €356,406 | €344,222 | -€12,183 | -3.4% |
| Deferred taxes | 168 | €356,406 | €344,222 | -€12,183 | -3.4% |
| Amounts payable | 17/49 | €2,178,340 | €2,041,844 | -€136,496 | -6.3% |
| Amounts payable within one year | 42/48 | €2,178,340 | €2,041,844 | -€136,496 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €91,667 | - | -€91,667 | |
| Trade debts | 44 | - | €2,529 | +€2,529 | |
| Suppliers | 440/4 | - | €2,529 | +€2,529 | |
| Taxes, remuneration and social security | 45 | €52,361 | €20,048 | -€32,313 | -61.7% |
| Taxes | 450/3 | €44,035 | €20,048 | -€23,987 | -54.5% |
| Remuneration and social security | 454/9 | €8,326 | - | -€8,326 | |
| Other amounts payable | 47/48 | €2,034,313 | €2,019,267 | -€15,045 | -0.7% |
| Non-recurring operating income | 76A | - | €216 | +€216 | |
| Remuneration, social security and pensions | 62 | €62,540 | €12,489 | -€50,050 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,820 | €222,610 | -€4,211 | -1.9% |
| Other operating charges | 640/8 | €28,790 | €21,524 | -€7,266 | -25.2% |
| Non-recurring operating charges | 66A | - | €15,516 | +€15,516 | |
| Gross operating margin | 9900 | €1,150,098 | €241,123 | -€908,974 | -79.0% |
| Operating profit (loss) | 9901 | €831,948 | -€31,016 | -€862,963 | |
| Financial income | 75/76B | €386 | €532 | +€146 | +37.9% |
| Recurring financial income | 75 | €386 | €532 | +€146 | +37.9% |
| Financial charges | 65/66B | €134,313 | €51,202 | -€83,111 | -61.9% |
| Recurring financial charges | 65 | €134,313 | €51,202 | -€83,111 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | €698,020 | -€81,686 | -€779,706 | |
| Transfer from deferred taxes | 780 | €12,070 | €12,183 | +€114 | +0.9% |
| Transfer to deferred taxes | 680 | €196,337 | - | -€196,337 | |
| Income taxes | 67/77 | €804 | €997 | +€193 | +24.0% |
| Profit (loss) for the period | 9904 | €512,949 | -€70,499 | -€583,448 | |
| Transfer from tax-exempt reserves | 789 | €36,209 | €36,550 | +€342 | +0.9% |
| Transfer to tax-exempt reserves | 689 | €589,010 | - | -€589,010 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,853 | -€33,949 | +€5,904 | +14.8% |
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 31 October 2026 via checked.be.