HOBERFIN: 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.
HOBERFIN
Largest movements
- Cash +€57,001
up €57,001 (+206%), from €27,634 to €84,635
mainly Net result for the year (+€37,820) and Depreciation (+€25,270)
- Tangible fixed assets -€25,270
down €25,270 (-27.8%), from €91,033 to €65,764
of which Furniture and vehicles: -€14,790
- Reserves +€37,820
up €37,820 (+13.2%), from €285,760 to €323,580
of which Distributable reserves: +€37,820
- Debts after one year -€5,827
down €5,827 (-27.5%), from €21,177 to €15,350
- Gross operating margin -€14,720
down €14,720 (-7.2%), from €203,507 to €188,787
- Depreciation -€5,252
down €5,252 (-17.2%), from €30,522 to €25,270
- Other operating charges -€5,028
down €5,028 (-76.5%), from €6,569 to €1,541
- Financial income -€2,763
no longer reported in 2025 (was €2,763)
- Financial charges -€2,396
down €2,396 (-4.1%), from €58,079 to €55,683
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 | €532,674 | €565,992 | +€33,317 | +6.3% |
| Fixed assets | 21/28 | €91,308 | €66,039 | -€25,270 | -27.7% |
| Tangible fixed assets | 22/27 | €91,033 | €65,764 | -€25,270 | -27.8% |
| Land and buildings | 22 | €22,232 | €14,821 | -€7,411 | -33.3% |
| Plant, machinery and equipment | 23 | €6,207 | €3,138 | -€3,069 | -49.4% |
| Furniture and vehicles | 24 | €62,594 | €47,804 | -€14,790 | -23.6% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €441,366 | €499,953 | +€58,587 | +13.3% |
| Amounts receivable within one year | 40/41 | €29,913 | €25,187 | -€4,726 | -15.8% |
| Other amounts receivable | 41 | €29,913 | €25,187 | -€4,726 | -15.8% |
| Current investments | 50/53 | €380,423 | €385,923 | +€5,500 | +1.4% |
| Cash at bank and in hand | 54/58 | €27,634 | €84,635 | +€57,001 | +206% |
| Deferred charges and accrued income | 490/1 | €3,396 | €4,208 | +€812 | +23.9% |
| Total equity and liabilities | 10/49 | €532,674 | €565,992 | +€33,317 | +6.3% |
| Equity | 10/15 | €476,133 | €513,954 | +€37,820 | +7.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €285,760 | €323,580 | +€37,820 | +13.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,400 | €16,400 | = | 0.0% |
| Distributable reserves | 133 | €267,500 | €305,320 | +€37,820 | +14.1% |
| Profit (loss) carried forward | 14 | €177,974 | €177,974 | = | 0.0% |
| Amounts payable | 17/49 | €56,541 | €52,038 | -€4,503 | -8.0% |
| Amounts payable after more than one year | 17 | €21,177 | €15,350 | -€5,827 | -27.5% |
| Financial debts | 170/4 | €21,177 | €15,350 | -€5,827 | -27.5% |
| Amounts payable within one year | 42/48 | €35,364 | €36,688 | +€1,324 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €8,157 | €5,827 | -€2,331 | -28.6% |
| Trade debts | 44 | €20,091 | €22,793 | +€2,702 | +13.5% |
| Suppliers | 440/4 | €20,091 | €22,793 | +€2,702 | +13.5% |
| Taxes, remuneration and social security | 45 | €6,178 | €8,068 | +€1,890 | +30.6% |
| Remuneration and social security | 454/9 | €6,178 | €8,068 | +€1,890 | +30.6% |
| Other amounts payable | 47/48 | €938 | €0 | -€938 | -100% |
| Remuneration, social security and pensions | 62 | €53,163 | €52,329 | -€833 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,522 | €25,270 | -€5,252 | -17.2% |
| Other operating charges | 640/8 | €6,569 | €1,541 | -€5,028 | -76.5% |
| Gross operating margin | 9900 | €203,507 | €188,787 | -€14,720 | -7.2% |
| Operating profit (loss) | 9901 | €113,254 | €109,648 | -€3,606 | -3.2% |
| Financial income | 75/76B | €2,763 | - | -€2,763 | |
| Recurring financial income | 75 | €2,763 | - | -€2,763 | |
| Financial charges | 65/66B | €58,079 | €55,683 | -€2,396 | -4.1% |
| Recurring financial charges | 65 | €58,079 | €55,683 | -€2,396 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €57,938 | €53,965 | -€3,973 | -6.9% |
| Income taxes | 67/77 | €17,024 | €16,144 | -€879 | -5.2% |
| Profit (loss) for the period | 9904 | €40,914 | €37,820 | -€3,094 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,914 | €37,820 | -€3,094 | -7.6% |
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 16 October 2026 via checked.be.