HOBBY SELECT: 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.
HOBBY SELECT
Largest movements
- Tangible fixed assets -€34,618
down €34,618 (-10.3%), from €334,839 to €300,222
of which Land and buildings: -€32,869
- Cash -€24,734
down €24,734 (-60.6%), from €40,833 to €16,100
mainly Debts after one year (-€62,966) and Tax, wage and social debts (-€5,300)
- Debts after one year -€62,966
down €62,966 (-20.0%), from €314,156 to €251,191
- Trade debts +€7,245
up €7,245 (+20.0%), from €36,172 to €43,417
- Tax, wage and social debts -€5,300
down €5,300 (-20.0%), from €26,464 to €21,164
of which Taxes: -€4,235
- Staff costs -€30,307
down €30,307 (-22.3%), from €135,779 to €105,472
- Gross operating margin -€20,817
down €20,817 (-10.9%), from €190,729 to €169,912
- Financial income +€2,586
up €2,586 (+443.8%), from €583 to €3,169
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 | €503,460 | €449,064 | -€54,397 | -10.8% |
| Fixed assets | 21/28 | €334,855 | €300,238 | -€34,618 | -10.3% |
| Tangible fixed assets | 22/27 | €334,839 | €300,222 | -€34,618 | -10.3% |
| Land and buildings | 22 | €324,891 | €292,022 | -€32,869 | -10.1% |
| Plant, machinery and equipment | 23 | €3,234 | €3,016 | -€218 | -6.8% |
| Other tangible fixed assets | 26 | €6,714 | €5,184 | -€1,530 | -22.8% |
| Financial fixed assets | 28 | €16 | €16 | = | 0.0% |
| Current assets | 29/58 | €168,605 | €148,826 | -€19,779 | -11.7% |
| Stocks and contracts in progress | 3 | €124,095 | €124,349 | +€254 | +0.2% |
| Stocks | 30/36 | €124,095 | €124,349 | +€254 | +0.2% |
| Amounts receivable within one year | 40/41 | €271 | €3,799 | +€3,528 | +1304.2% |
| Trade receivables | 40 | €271 | €1,510 | +€1,240 | +458.2% |
| Other amounts receivable | 41 | €0 | €2,289 | +€2,289 | |
| Cash at bank and in hand | 54/58 | €40,833 | €16,100 | -€24,734 | -60.6% |
| Deferred charges and accrued income | 490/1 | €3,406 | €4,578 | +€1,172 | +34.4% |
| Total equity and liabilities | 10/49 | €503,460 | €449,064 | -€54,397 | -10.8% |
| Equity | 10/15 | €60,833 | €65,392 | +€4,559 | +7.5% |
| Contributions | 10/11 | €74,500 | €74,500 | = | 0.0% |
| Capital | 10 | €74,500 | €74,500 | = | 0.0% |
| Issued capital | 100 | €74,500 | €74,500 | = | 0.0% |
| Reserves | 13 | €7,813 | €7,813 | = | 0.0% |
| Non-distributable reserves | 130/1 | €391 | €391 | = | 0.0% |
| Legal reserve | 130 | €391 | €391 | = | 0.0% |
| Distributable reserves | 133 | €7,423 | €7,423 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,480 | -€16,922 | +€4,559 | +21.2% |
| Amounts payable | 17/49 | €442,627 | €383,672 | -€58,955 | -13.3% |
| Amounts payable after more than one year | 17 | €314,156 | €251,191 | -€62,966 | -20.0% |
| Financial debts | 170/4 | €314,156 | €251,191 | -€62,966 | -20.0% |
| Amounts payable within one year | 42/48 | €128,146 | €131,468 | +€3,322 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €52,561 | €53,774 | +€1,213 | +2.3% |
| Financial debts | 43 | €9,862 | €10,605 | +€743 | +7.5% |
| Credit institutions | 430/8 | €9,862 | €10,605 | +€743 | +7.5% |
| Trade debts | 44 | €36,172 | €43,417 | +€7,245 | +20.0% |
| Suppliers | 440/4 | €36,172 | €43,417 | +€7,245 | +20.0% |
| Advances received on contracts in progress | 46 | €90 | €0 | -€90 | -100.0% |
| Taxes, remuneration and social security | 45 | €26,464 | €21,164 | -€5,300 | -20.0% |
| Taxes | 450/3 | €6,099 | €1,864 | -€4,235 | -69.4% |
| Remuneration and social security | 454/9 | €20,364 | €19,300 | -€1,064 | -5.2% |
| Other amounts payable | 47/48 | €2,997 | €2,507 | -€490 | -16.3% |
| Accrued charges and deferred income | 492/3 | €325 | €1,013 | +€688 | +211.6% |
| Remuneration, social security and pensions | 62 | €135,779 | €105,472 | -€30,307 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,544 | €35,402 | +€858 | +2.5% |
| Other operating charges | 640/8 | €12,466 | €11,619 | -€847 | -6.8% |
| Gross operating margin | 9900 | €190,729 | €169,912 | -€20,817 | -10.9% |
| Operating profit (loss) | 9901 | €7,940 | €17,420 | +€9,480 | +119.4% |
| Financial income | 75/76B | €583 | €3,169 | +€2,586 | +443.8% |
| Recurring financial income | 75 | €583 | €3,169 | +€2,586 | +443.8% |
| Financial charges | 65/66B | €16,661 | €15,833 | -€828 | -5.0% |
| Recurring financial charges | 65 | €16,661 | €15,833 | -€828 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,138 | €4,756 | +€12,894 | |
| Income taxes | 67/77 | €164 | €197 | +€33 | +20.1% |
| Profit (loss) for the period | 9904 | -€8,302 | €4,559 | +€12,861 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,302 | €4,559 | +€12,861 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.