HOBBYVAL: 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.
HOBBYVAL
Largest movements
- Tangible fixed assets +€380,445
up €380,445, from €0 to €380,445
of which Land and buildings: +€375,945
- Stocks and contracts +€189,144
up €189,144 (+253.4%), from €74,656 to €263,800
- Receivables within one year -€28,441
down €28,441 (-84.9%), from €33,482 to €5,041
of which Trade receivables: -€27,493
- Cash +€20,673
up €20,673 (+313.0%), from €6,605 to €27,278
mainly Other debts (+€578,183) and Depreciation (+€58,215)
- Other debts +€578,183
up €578,183 (+38672.4%), from €1,495 to €579,678
- Profit (loss) carried forward -€43,573
down €43,573 (-592.9%), from -€7,349 to -€50,922
- Trade debts +€31,474
up €31,474 (+194.7%), from €16,164 to €47,637
- Tax, wage and social debts +€28,301
up €28,301 (+220.5%), from €12,835 to €41,137
of which Remuneration and social security: +€18,320
- Advances received -€26,919
no longer reported in 2025 (was €26,919)
- Gross operating margin +€60,165
up €60,165 (+65.6%), from €91,665 to €151,830
- Depreciation +€58,215
new in 2025: €58,215
- Staff costs +€45,229
up €45,229 (+51.3%), from €88,110 to €133,339
- Other operating charges +€3,178
up €3,178 (+433.6%), from €733 to €3,911
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 | €114,993 | €682,400 | +€567,406 | +493.4% |
| Fixed assets | 21/28 | €250 | €385,445 | +€385,195 | +154078.0% |
| Intangible fixed assets | 21 | €0 | €4,750 | +€4,750 | |
| Tangible fixed assets | 22/27 | €0 | €380,445 | +€380,445 | |
| Land and buildings | 22 | - | €375,945 | +€375,945 | |
| Plant, machinery and equipment | 23 | €0 | €4,500 | +€4,500 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €114,743 | €296,955 | +€182,211 | +158.8% |
| Stocks and contracts in progress | 3 | €74,656 | €263,800 | +€189,144 | +253.4% |
| Stocks | 30/36 | €74,656 | €263,800 | +€189,144 | +253.4% |
| Amounts receivable within one year | 40/41 | €33,482 | €5,041 | -€28,441 | -84.9% |
| Trade receivables | 40 | €32,535 | €5,041 | -€27,493 | -84.5% |
| Other amounts receivable | 41 | €948 | - | -€948 | |
| Cash at bank and in hand | 54/58 | €6,605 | €27,278 | +€20,673 | +313.0% |
| Deferred charges and accrued income | 490/1 | - | €835 | +€835 | |
| Total equity and liabilities | 10/49 | €114,993 | €682,400 | +€567,406 | +493.4% |
| Equity | 10/15 | €57,497 | €13,923 | -€43,573 | -75.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,645 | €58,645 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,201 | €3,201 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,201 | €3,201 | = | 0.0% |
| Distributable reserves | 133 | €55,444 | €55,444 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,349 | -€50,922 | -€43,573 | -592.9% |
| Amounts payable | 17/49 | €57,497 | €668,476 | +€610,980 | +1062.6% |
| Amounts payable within one year | 42/48 | €57,497 | €668,476 | +€610,980 | +1062.6% |
| Financial debts | 43 | €84 | €24 | -€60 | -71.4% |
| Credit institutions | 430/8 | €84 | €24 | -€60 | -71.4% |
| Trade debts | 44 | €16,164 | €47,637 | +€31,474 | +194.7% |
| Suppliers | 440/4 | €16,164 | €47,637 | +€31,474 | +194.7% |
| Advances received on contracts in progress | 46 | €26,919 | - | -€26,919 | |
| Taxes, remuneration and social security | 45 | €12,835 | €41,137 | +€28,301 | +220.5% |
| Taxes | 450/3 | €55 | €10,036 | +€9,981 | +18267.1% |
| Remuneration and social security | 454/9 | €12,781 | €31,101 | +€18,320 | +143.3% |
| Other amounts payable | 47/48 | €1,495 | €579,678 | +€578,183 | +38672.4% |
| Remuneration, social security and pensions | 62 | €88,110 | €133,339 | +€45,229 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €58,215 | +€58,215 | |
| Other operating charges | 640/8 | €733 | €3,911 | +€3,178 | +433.6% |
| Gross operating margin | 9900 | €91,665 | €151,830 | +€60,165 | +65.6% |
| Operating profit (loss) | 9901 | €2,822 | -€43,635 | -€46,457 | |
| Financial income | 75/76B | - | €109 | +€109 | |
| Recurring financial income | 75 | - | €109 | +€109 | |
| Financial charges | 65/66B | €171 | €48 | -€123 | -72.2% |
| Recurring financial charges | 65 | €171 | €48 | -€123 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €2,651 | -€43,573 | -€46,225 | |
| Profit (loss) for the period | 9904 | €2,651 | -€43,573 | -€46,225 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,651 | -€43,573 | -€46,225 |
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 4 October 2026 via checked.be.