HO-MI: what changed
Two fiscal 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.
HO-MI
Largest movements
- Cash -€139,786
down €139,786 (-71.0%), from €196,995 to €57,209
mainly Trade debts (-€160,554) and Investment in fixed assets (net) (-€25,500)
- Financial fixed assets +€25,500
new in 2025: €25,500
- Stocks and contracts +€25,400
up €25,400 (+12.4%), from €204,600 to €230,000
- Receivables within one year +€13,381
new in 2025: €13,381
- Tangible fixed assets -€5,091
down €5,091 (-10.6%), from €47,825 to €42,734
- Trade debts -€160,554
down €160,554 (-55.1%), from €291,455 to €130,901
- Other debts +€67,794
up €67,794 (+64.6%), from €104,937 to €172,730
- Profit (loss) carried forward +€6,772
up €6,772 (+18.7%), from -€36,271 to -€29,499
- Tax, wage and social debts +€5,526
up €5,526 (+11.2%), from €49,299 to €54,825
of which Taxes: +€9,185
- Gross operating margin +€135,782
up €135,782, from -€22,252 to €113,530
- Staff costs +€77,435
up €77,435 (+563.8%), from €13,734 to €91,169
- Financial charges +€9,053
up €9,053 (+7819.5%), from €116 to €9,169
- Depreciation +€4,922
up €4,922 (+2913.9%), from €169 to €5,091
- Other operating charges +€1,329
new in 2025: €1,329
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.
Cash bridge derived
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 | €449,420 | €368,958 | -€80,462 | -17.9% |
| Fixed assets | 21/28 | €47,825 | €68,234 | +€20,409 | +42.7% |
| Tangible fixed assets | 22/27 | €47,825 | €42,734 | -€5,091 | -10.6% |
| Other tangible fixed assets | 26 | €47,825 | €42,734 | -€5,091 | -10.6% |
| Financial fixed assets | 28 | - | €25,500 | +€25,500 | |
| Current assets | 29/58 | €401,595 | €300,724 | -€100,871 | -25.1% |
| Stocks and contracts in progress | 3 | €204,600 | €230,000 | +€25,400 | +12.4% |
| Stocks | 30/36 | €204,600 | €230,000 | +€25,400 | +12.4% |
| Amounts receivable within one year | 40/41 | - | €13,381 | +€13,381 | |
| Trade receivables | 40 | - | €13,381 | +€13,381 | |
| Cash at bank and in hand | 54/58 | €196,995 | €57,209 | -€139,786 | -71.0% |
| Deferred charges and accrued income | 490/1 | - | €134 | +€134 | |
| Total equity and liabilities | 10/49 | €449,420 | €368,958 | -€80,462 | -17.9% |
| Equity | 10/15 | €3,729 | €10,501 | +€6,772 | +181.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,271 | -€29,499 | +€6,772 | +18.7% |
| Amounts payable | 17/49 | €445,691 | €358,457 | -€87,234 | -19.6% |
| Amounts payable within one year | 42/48 | €445,691 | €358,457 | -€87,234 | -19.6% |
| Trade debts | 44 | €291,455 | €130,901 | -€160,554 | -55.1% |
| Suppliers | 440/4 | €291,455 | €130,901 | -€160,554 | -55.1% |
| Taxes, remuneration and social security | 45 | €49,299 | €54,825 | +€5,526 | +11.2% |
| Taxes | 450/3 | €39,503 | €48,688 | +€9,185 | +23.3% |
| Remuneration and social security | 454/9 | €9,796 | €6,137 | -€3,659 | -37.4% |
| Other amounts payable | 47/48 | €104,937 | €172,730 | +€67,794 | +64.6% |
| Remuneration, social security and pensions | 62 | €13,734 | €91,169 | +€77,435 | +563.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169 | €5,091 | +€4,922 | +2913.9% |
| Other operating charges | 640/8 | - | €1,329 | +€1,329 | |
| Gross operating margin | 9900 | -€22,252 | €113,530 | +€135,782 | |
| Operating profit (loss) | 9901 | -€36,155 | €15,941 | +€52,097 | |
| Financial charges | 65/66B | €116 | €9,169 | +€9,053 | +7819.5% |
| Recurring financial charges | 65 | €116 | €9,169 | +€9,053 | +7819.5% |
| Profit (loss) for the period before taxes | 9903 | -€36,271 | €6,772 | +€43,043 | |
| Profit (loss) for the period | 9904 | -€36,271 | €6,772 | +€43,043 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,271 | €6,772 | +€43,043 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.