HOBECO: 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.
What changed
HOBECO
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5.0m
2024 · -€312,533+€5.3m
Equity
€26.9m
2024 · €22.5m+€4.4m
Cash
€65,492
2024 · €29,343+€36,148
Balance sheet total
€30.4m
2024 · €26.5m+€3.9m
Largest movements
Assets
- Deferred charges and accrued income +€5.6m
up €5.6m (+52325.7%), from €10,659 to €5.6m
- Financial fixed assets -€1.7m
down €1.7m (-26.4%), from €6.5m to €4.8m
Equity and liabilities
- Profit (loss) carried forward +€5.0m
up €5.0m (+57.3%), from €8.7m to €13.7m
- Debts after one year -€565,575
down €565,575 (-32.4%), from €1.7m to €1.2m
of which Other amounts payable: -€430,000
- Revaluation surpluses -€551,700
down €551,700 (-15.4%), from €3.6m to €3.0m
Income statement
- Gross operating margin +€7.2m
up €7.2m (+4919.1%), from €145,882 to €7.3m
- Financial charges +€840,484
up €840,484 (+372.3%), from €225,742 to €1.1m
of which Non-recurring financial charges: +€869,571
- Write-downs +€745,113
new in 2025: €745,113
- Financial income -€99,960
down €99,960 (-29.5%), from €338,672 to €238,712
of which Non-recurring financial income: -€53,185
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.
Result 2024
-€312,533
Gross operating margin
+€7.2m
Staff costs
-€72,634
Depreciation
+€4,532
Write-downs
-€745,113
Other operating charges
-€71,170
Other operating items
-€63,539
Financial income
-€99,960
Financial charges
-€840,484
Taxes
+€779
Result 2025
€5.0m
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.
From operations
-€489,642
Investment
+€1.7m
Financing
-€1.2m
Cash 2024
€29,343
From operations (derived)
-€489,642
Net result for the year
+€5.0m
Depreciation
+€76,055
Receivables after one year
+€184,022
Receivables within one year
-€248,990
Deferred charges and accrued income
-€5.6m
Trade debts
+€162,801
Tax, wage and social debts
+€155,628
Other debts
-€200,090
Accrued charges and deferred income
-€17,839
Investment (derived)
+€1.7m
Investment in fixed assets (net)
+€1.7m
Financing
-€1.2m
Debts after one year
-€565,575
Current portion of long-term debt
-€34,272
Short-term financial debts
-€2,630
Contributions, distributions and other
-€551,700
Cash 2025
€65,492
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,458,932 | €30,381,301 | +€3.9m | +14.8% |
| Fixed assets | 21/28 | €6,651,371 | €4,895,349 | -€1.8m | -26.4% |
| Intangible fixed assets | 21 | €14,607 | €25,072 | +€10,466 | +71.7% |
| Tangible fixed assets | 22/27 | €176,033 | €115,789 | -€60,244 | -34.2% |
| Plant, machinery and equipment | 23 | €2,044 | €1,278 | -€766 | -37.5% |
| Furniture and vehicles | 24 | €173,989 | €114,511 | -€59,478 | -34.2% |
| Financial fixed assets | 28 | €6,460,732 | €4,754,488 | -€1.7m | -26.4% |
| Current assets | 29/58 | €19,807,561 | €25,485,951 | +€5.7m | +28.7% |
| Amounts receivable after more than one year | 29 | €184,022 | €0 | -€184,022 | -100.0% |
| Other amounts receivable | 291 | €184,022 | €0 | -€184,022 | -100.0% |
| Amounts receivable within one year | 40/41 | €13,303,537 | €13,552,527 | +€248,990 | +1.9% |
| Trade receivables | 40 | €100,912 | €389,532 | +€288,620 | +286.0% |
| Other amounts receivable | 41 | €13,202,625 | €13,162,995 | -€39,630 | -0.3% |
| Current investments | 50/53 | €6,280,000 | €6,280,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,343 | €65,492 | +€36,148 | +123.2% |
| Deferred charges and accrued income | 490/1 | €10,659 | €5,587,933 | +€5.6m | +52325.7% |
| Total equity and liabilities | 10/49 | €26,458,932 | €30,381,301 | +€3.9m | +14.8% |
| Equity | 10/15 | €22,495,475 | €26,919,820 | +€4.4m | +19.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €3,578,795 | €3,027,095 | -€551,700 | -15.4% |
| Reserves | 13 | €10,177,200 | €10,177,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,286,200 | €6,286,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Own shares acquired | 1312 | €6,280,000 | €6,280,000 | = | 0.0% |
| Distributable reserves | 133 | €3,891,000 | €3,891,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,677,479 | €13,653,525 | +€5.0m | +57.3% |
| Amounts payable | 17/49 | €3,963,457 | €3,461,481 | -€501,977 | -12.7% |
| Amounts payable after more than one year | 17 | €1,748,094 | €1,182,520 | -€565,575 | -32.4% |
| Financial debts | 170/4 | €1,318,094 | €1,182,520 | -€135,575 | -10.3% |
| Other amounts payable | 178/9 | €430,000 | €0 | -€430,000 | -100.0% |
| Amounts payable within one year | 42/48 | €2,185,605 | €2,267,042 | +€81,437 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €165,186 | €130,914 | -€34,272 | -20.7% |
| Financial debts | 43 | €2,630 | €0 | -€2,630 | -100.0% |
| Credit institutions | 430/8 | €2,630 | €0 | -€2,630 | -100.0% |
| Trade debts | 44 | €114,708 | €277,509 | +€162,801 | +141.9% |
| Suppliers | 440/4 | €114,708 | €277,509 | +€162,801 | +141.9% |
| Taxes, remuneration and social security | 45 | €78,597 | €234,226 | +€155,628 | +198.0% |
| Taxes | 450/3 | €25,562 | €82,646 | +€57,084 | +223.3% |
| Remuneration and social security | 454/9 | €53,035 | €151,579 | +€98,544 | +185.8% |
| Other amounts payable | 47/48 | €1,824,484 | €1,624,394 | -€200,090 | -11.0% |
| Accrued charges and deferred income | 492/3 | €29,758 | €11,919 | -€17,839 | -59.9% |
| Non-recurring operating income | 76A | €223,023 | €7,118,071 | +€6.9m | +3091.6% |
| Remuneration, social security and pensions | 62 | €434,100 | €506,734 | +€72,634 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,587 | €76,055 | -€4,532 | -5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €745,113 | +€745,113 | |
| Other operating charges | 640/8 | €20,341 | €91,511 | +€71,170 | +349.9% |
| Non-recurring operating charges | 66A | €34,959 | €98,498 | +€63,539 | +181.8% |
| Gross operating margin | 9900 | €145,882 | €7,322,050 | +€7.2m | +4919.1% |
| Operating profit (loss) | 9901 | -€424,105 | €5,804,139 | +€6.2m | |
| Financial income | 75/76B | €338,672 | €238,712 | -€99,960 | -29.5% |
| Recurring financial income | 75 | €205,751 | €158,976 | -€46,774 | -22.7% |
| Non-recurring financial income | 76B | €132,921 | €79,736 | -€53,185 | -40.0% |
| Financial charges | 65/66B | €225,742 | €1,066,226 | +€840,484 | +372.3% |
| Recurring financial charges | 65 | €120,335 | €91,249 | -€29,087 | -24.2% |
| Non-recurring financial charges | 66B | €105,407 | €974,977 | +€869,571 | +825.0% |
| Profit (loss) for the period before taxes | 9903 | -€311,175 | €4,976,625 | +€5.3m | |
| Income taxes | 67/77 | €1,358 | €579 | -€779 | -57.4% |
| Profit (loss) for the period | 9904 | -€312,533 | €4,976,046 | +€5.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€312,533 | €4,976,046 | +€5.3m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.