HOBBYTECH: 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.
HOBBYTECH
Largest movements
- Receivables within one year -€654,112
down €654,112 (-58.8%), from €1.1m to €459,057
of which Trade receivables: -€653,789
- Cash +€528,769
up €528,769 (+74.9%), from €705,930 to €1.2m
mainly Receivables within one year (+€654,112) and Advances received (+€270,000)
- Tangible fixed assets -€28,343
down €28,343 (-18.8%), from €150,989 to €122,646
of which Other tangible fixed assets: -€21,324
- Contributions -€450,000
down €450,000 (-66.9%), from €673,104 to €223,104
- Advances received +€270,000
new in 2024: €270,000
- Trade debts +€64,903
up €64,903 (+210%), from €30,975 to €95,878
- Profit (loss) carried forward -€40,754
down €40,754 (-3.0%), from €1.4m to €1.3m
- Financial income -€27,220
down €27,220 (-68.5%), from €39,749 to €12,529
- Staff costs +€21,080
up €21,080 (+9.0%), from €233,260 to €254,340
- Gross operating margin -€11,097
down €11,097 (-4.4%), from €254,925 to €243,827
- Taxes -€7,662
down €7,662 (-98.8%), from €7,754 to €92
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,591,792 | €2,430,177 | -€161,615 | -6.2% |
| Fixed assets | 21/28 | €152,514 | €124,171 | -€28,343 | -18.6% |
| Tangible fixed assets | 22/27 | €150,989 | €122,646 | -€28,343 | -18.8% |
| Plant, machinery and equipment | 23 | €4,250 | €1,286 | -€2,963 | -69.7% |
| Furniture and vehicles | 24 | €12,986 | €8,930 | -€4,056 | -31.2% |
| Other tangible fixed assets | 26 | €133,753 | €112,429 | -€21,324 | -15.9% |
| Financial fixed assets | 28 | €1,525 | €1,525 | = | 0.0% |
| Current assets | 29/58 | €2,439,277 | €2,306,006 | -€133,271 | -5.5% |
| Stocks and contracts in progress | 3 | €605,065 | €596,878 | -€8,187 | -1.4% |
| Stocks | 30/36 | €605,065 | €596,878 | -€8,187 | -1.4% |
| Amounts receivable within one year | 40/41 | €1,113,168 | €459,057 | -€654,112 | -58.8% |
| Trade receivables | 40 | €990,363 | €336,574 | -€653,789 | -66.0% |
| Other amounts receivable | 41 | €122,806 | €122,483 | -€323 | -0.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €705,930 | €1,234,699 | +€528,769 | +74.9% |
| Deferred charges and accrued income | 490/1 | €15,114 | €15,372 | +€258 | +1.7% |
| Total equity and liabilities | 10/49 | €2,591,792 | €2,430,177 | -€161,615 | -6.2% |
| Equity | 10/15 | €2,492,544 | €2,001,790 | -€490,754 | -19.7% |
| Contributions | 10/11 | €673,104 | €223,104 | -€450,000 | -66.9% |
| Capital | 10 | €673,104 | €223,104 | -€450,000 | -66.9% |
| Issued capital | 100 | €673,104 | €223,104 | -€450,000 | -66.9% |
| Reserves | 13 | €465,078 | €465,078 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,743 | €34,743 | = | 0.0% |
| Legal reserve | 130 | €34,743 | €34,743 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €411,585 | €411,585 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,354,361 | €1,313,608 | -€40,754 | -3.0% |
| Amounts payable | 17/49 | €99,248 | €428,387 | +€329,139 | +332% |
| Amounts payable within one year | 42/48 | €99,248 | €428,387 | +€329,139 | +332% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €30,975 | €95,878 | +€64,903 | +210% |
| Suppliers | 440/4 | €30,975 | €95,878 | +€64,903 | +210% |
| Advances received on contracts in progress | 46 | - | €270,000 | +€270,000 | |
| Taxes, remuneration and social security | 45 | €36,303 | €33,078 | -€3,225 | -8.9% |
| Taxes | 450/3 | €9,297 | €0 | -€9,297 | -100% |
| Remuneration and social security | 454/9 | €27,006 | €33,078 | +€6,072 | +22.5% |
| Other amounts payable | 47/48 | €31,969 | €29,430 | -€2,539 | -7.9% |
| Remuneration, social security and pensions | 62 | €233,260 | €254,340 | +€21,080 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,076 | €34,805 | +€730 | +2.1% |
| Other operating charges | 640/8 | €1,496 | €520 | -€976 | -65.2% |
| Non-recurring operating charges | 66A | - | €78 | +€78 | |
| Gross operating margin | 9900 | €254,925 | €243,827 | -€11,097 | -4.4% |
| Operating profit (loss) | 9901 | -€13,908 | -€45,916 | -€32,008 | -230% |
| Financial income | 75/76B | €39,749 | €12,529 | -€27,220 | -68.5% |
| Recurring financial income | 75 | €39,749 | €12,529 | -€27,220 | -68.5% |
| Financial charges | 65/66B | €7,637 | €7,275 | -€362 | -4.7% |
| Recurring financial charges | 65 | €7,637 | €7,275 | -€362 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €18,204 | -€40,662 | -€58,866 | |
| Income taxes | 67/77 | €7,754 | €92 | -€7,662 | -98.8% |
| Profit (loss) for the period | 9904 | €10,451 | -€40,754 | -€51,204 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,451 | -€40,754 | -€51,204 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.