HOBA: 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.
HOBA
Largest movements
- Receivables within one year -€25,592
down €25,592 (-64.3%), from €39,813 to €14,222
of which Other amounts receivable: -€22,768
- Cash -€13,321
down €13,321 (-46.1%), from €28,909 to €15,588
mainly Net result for the year (-€29,891) and Tax, wage and social debts (-€13,380)
- Deferred charges and accrued income -€1,473
down €1,473 (-41.8%), from €3,521 to €2,049
- Tangible fixed assets -€1,235
down €1,235 (-7.2%), from €17,165 to €15,930
of which Plant, machinery and equipment: -€814
- Reserves -€31,200
down €31,200 (-27.9%), from €111,798 to €80,598
of which Tax-exempt reserves: -€25,000
- Tax, wage and social debts -€13,380
down €13,380 (-95.8%), from €13,962 to €582
of which Remuneration and social security: -€11,486
- Trade debts +€1,651
up €1,651 (+470%), from €351 to €2,002
- Profit (loss) carried forward +€1,309
up €1,309 (+0.8%), from -€167,303 to -€165,994
- Staff costs -€97,545
no longer reported in 2025 (was €97,545)
- Gross operating margin -€24,004
down €24,004, from €5,538 to -€18,466
- Other operating charges -€5,654
down €5,654 (-33.1%), from €17,073 to €11,419
- Depreciation -€5,072
down €5,072 (-80.4%), from €6,308 to €1,235
- Financial charges -€2,178
down €2,178 (-92.5%), from €2,354 to €176
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 | €89,408 | €47,788 | -€41,620 | -46.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €17,165 | €15,930 | -€1,235 | -7.2% |
| Tangible fixed assets | 22/27 | €17,165 | €15,930 | -€1,235 | -7.2% |
| Land and buildings | 22 | €15,636 | €15,215 | -€421 | -2.7% |
| Plant, machinery and equipment | 23 | €1,529 | €715 | -€814 | -53.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €72,243 | €31,858 | -€40,385 | -55.9% |
| Amounts receivable within one year | 40/41 | €39,813 | €14,222 | -€25,592 | -64.3% |
| Trade receivables | 40 | €2,823 | - | -€2,823 | |
| Other amounts receivable | 41 | €36,990 | €14,222 | -€22,768 | -61.6% |
| Cash at bank and in hand | 54/58 | €28,909 | €15,588 | -€13,321 | -46.1% |
| Deferred charges and accrued income | 490/1 | €3,521 | €2,049 | -€1,473 | -41.8% |
| Total equity and liabilities | 10/49 | €89,408 | €47,788 | -€41,620 | -46.6% |
| Equity | 10/15 | €75,096 | €45,205 | -€29,891 | -39.8% |
| Contributions | 10/11 | €130,600 | €130,600 | = | 0.0% |
| Reserves | 13 | €111,798 | €80,598 | -€31,200 | -27.9% |
| Non-distributable reserves | 130/1 | €1,300 | - | -€1,300 | |
| Own shares acquired | 1312 | €0 | - | = | |
| Other | 1319 | €1,300 | - | -€1,300 | |
| Tax-exempt reserves | 132 | €25,000 | - | -€25,000 | |
| Distributable reserves | 133 | €85,498 | €80,598 | -€4,900 | -5.7% |
| Profit (loss) carried forward | 14 | -€167,303 | -€165,994 | +€1,309 | +0.8% |
| Amounts payable | 17/49 | €14,313 | €2,584 | -€11,729 | -81.9% |
| Amounts payable within one year | 42/48 | €14,313 | €2,584 | -€11,729 | -81.9% |
| Trade debts | 44 | €351 | €2,002 | +€1,651 | +470% |
| Suppliers | 440/4 | €351 | €2,002 | +€1,651 | +470% |
| Taxes, remuneration and social security | 45 | €13,962 | €582 | -€13,380 | -95.8% |
| Taxes | 450/3 | €2,476 | €582 | -€1,894 | -76.5% |
| Remuneration and social security | 454/9 | €11,486 | - | -€11,486 | |
| Remuneration, social security and pensions | 62 | €97,545 | - | -€97,545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,308 | €1,235 | -€5,072 | -80.4% |
| Other operating charges | 640/8 | €17,073 | €11,419 | -€5,654 | -33.1% |
| Non-recurring operating charges | 66A | €49,973 | - | -€49,973 | |
| Gross operating margin | 9900 | €5,538 | -€18,466 | -€24,004 | |
| Operating profit (loss) | 9901 | -€165,360 | -€31,120 | +€134,241 | +81.2% |
| Financial income | 75/76B | €1,540 | €1,913 | +€372 | +24.2% |
| Recurring financial income | 75 | €1,540 | €1,913 | +€372 | +24.2% |
| Financial charges | 65/66B | €2,354 | €176 | -€2,178 | -92.5% |
| Recurring financial charges | 65 | €2,354 | €176 | -€2,178 | -92.5% |
| Profit (loss) for the period before taxes | 9903 | -€166,174 | -€29,383 | +€136,791 | +82.3% |
| Income taxes | 67/77 | €676 | €509 | -€168 | -24.8% |
| Profit (loss) for the period | 9904 | -€166,850 | -€29,891 | +€136,959 | +82.1% |
| Transfer from tax-exempt reserves | 789 | - | €25,000 | +€25,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€166,850 | -€4,891 | +€161,959 | +97.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.