HOBERG: 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
HOBERG
NACE 46.130, Agents in the wholesale of timber and building materials
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€199,007
31-12-2024 · €529,690-€330,683
Equity
€3.6m
31-12-2024 · €4.4m-€800,993
Cash
€997,582
31-12-2024 · €902,827+€94,755
Balance sheet total
€4.2m
31-12-2024 · €5.1m-€897,394
Largest movements
Assets
- Receivables within one year -€859,735
down €859,735 (-30.5%), from €2.8m to €2.0m
of which Other amounts receivable: -€967,076
- Cash +€94,755
up €94,755 (+10.5%), from €902,827 to €997,582
mainly Receivables within one year (+€859,735) and Net result for the year (+€199,007)
- Tangible fixed assets -€77,911
down €77,911 (-12.6%), from €618,766 to €540,855
of which Plant, machinery and equipment: -€45,849
- Stocks and contracts -€58,156
down €58,156 (-7.6%), from €763,619 to €705,463
Equity and liabilities
- Profit (loss) carried forward -€786,485
down €786,485 (-24.4%), from €3.2m to €2.4m
- Debts after one year -€51,940
down €51,940 (-100%), from €51,940 to €0
Income statement
- Write-downs -€198,823
down €198,823 (-145%), from -€137,370 to -€336,192
- Gross operating margin -€197,529
down €197,529 (-7.6%), from €2.6m to €2.4m
- Staff costs +€149,297
up €149,297 (+8.0%), from €1.9m to €2.0m
- Taxes -€112,149
down €112,149 (-52.7%), from €212,760 to €100,611
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024
€529,690
Gross operating margin
-€197,529
Staff costs
-€149,297
Depreciation
-€11,904
Write-downs
+€198,823
Other operating charges
-€150
Other operating items
-€289,113
Financial income
-€10,206
Financial charges
+€16,544
Taxes
+€112,149
Result 31-12-2025
€199,007
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.2m
Investment
-€24,112
Financing
-€1.1m
Cash 31-12-2024
€902,827
From operations (derived)
+€1.2m
Net result for the year
+€199,007
Depreciation
+€105,603
Stocks and contracts
+€58,156
Receivables within one year
+€859,735
Deferred charges and accrued income
-€7,233
Provisions
-€4,836
Trade debts
-€9,716
Tax, wage and social debts
+€18,902
Accrued charges and deferred income
-€1,584
Investment (derived)
-€24,112
Investment in fixed assets (net)
-€24,112
Financing
-€1.1m
Debts after one year
-€51,940
Current portion of long-term debt
-€47,227
Contributions, distributions and other
-€1.0m
Cash 31-12-2025
€997,582
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,135,732 | €4,238,338 | -€897,394 | -17.5% |
| Fixed assets | 21/28 | €622,346 | €540,855 | -€81,491 | -13.1% |
| Intangible fixed assets | 21 | €3,580 | €0 | -€3,580 | -100% |
| Tangible fixed assets | 22/27 | €618,766 | €540,855 | -€77,911 | -12.6% |
| Land and buildings | 22 | €374,963 | €342,035 | -€32,928 | -8.8% |
| Plant, machinery and equipment | 23 | €242,699 | €196,850 | -€45,849 | -18.9% |
| Furniture and vehicles | 24 | €1,104 | €1,969 | +€866 | +78.4% |
| Current assets | 29/58 | €4,513,387 | €3,697,484 | -€815,903 | -18.1% |
| Stocks and contracts in progress | 3 | €763,619 | €705,463 | -€58,156 | -7.6% |
| Stocks | 30/36 | €763,619 | €705,463 | -€58,156 | -7.6% |
| Amounts receivable within one year | 40/41 | €2,816,303 | €1,956,568 | -€859,735 | -30.5% |
| Trade receivables | 40 | €230,869 | €338,210 | +€107,341 | +46.5% |
| Other amounts receivable | 41 | €2,585,434 | €1,618,357 | -€967,076 | -37.4% |
| Cash at bank and in hand | 54/58 | €902,827 | €997,582 | +€94,755 | +10.5% |
| Deferred charges and accrued income | 490/1 | €30,638 | €37,871 | +€7,233 | +23.6% |
| Total equity and liabilities | 10/49 | €5,135,732 | €4,238,338 | -€897,394 | -17.5% |
| Equity | 10/15 | €4,385,535 | €3,584,542 | -€800,993 | -18.3% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €1,076,655 | €1,062,147 | -€14,508 | -1.3% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,655 | €29,147 | -€14,508 | -33.2% |
| Distributable reserves | 133 | €1,024,000 | €1,024,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,218,880 | €2,432,395 | -€786,485 | -24.4% |
| Provisions and deferred taxes | 16 | €13,618 | €8,782 | -€4,836 | -35.5% |
| Deferred taxes | 168 | €13,618 | €8,782 | -€4,836 | -35.5% |
| Amounts payable | 17/49 | €736,580 | €645,014 | -€91,565 | -12.4% |
| Amounts payable after more than one year | 17 | €51,940 | €0 | -€51,940 | -100% |
| Financial debts | 170/4 | €51,940 | €0 | -€51,940 | -100% |
| Amounts payable within one year | 42/48 | €659,586 | €621,544 | -€38,041 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €47,227 | €0 | -€47,227 | -100% |
| Trade debts | 44 | €332,177 | €322,461 | -€9,716 | -2.9% |
| Suppliers | 440/4 | €332,177 | €322,461 | -€9,716 | -2.9% |
| Taxes, remuneration and social security | 45 | €280,182 | €299,083 | +€18,902 | +6.7% |
| Taxes | 450/3 | €85,826 | €91,468 | +€5,642 | +6.6% |
| Remuneration and social security | 454/9 | €194,355 | €207,615 | +€13,260 | +6.8% |
| Accrued charges and deferred income | 492/3 | €25,054 | €23,470 | -€1,584 | -6.3% |
| Non-recurring operating income | 76A | - | €76 | +€76 | |
| Remuneration, social security and pensions | 62 | €1,857,095 | €2,006,392 | +€149,297 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,699 | €105,603 | +€11,904 | +12.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€137,370 | -€336,192 | -€198,823 | -145% |
| Other operating charges | 640/8 | €4,871 | €5,021 | +€150 | +3.1% |
| Non-recurring operating charges | 66A | - | €289,113 | +€289,113 | |
| Gross operating margin | 9900 | €2,598,904 | €2,401,376 | -€197,529 | -7.6% |
| Operating profit (loss) | 9901 | €780,610 | €331,440 | -€449,170 | -57.5% |
| Financial income | 75/76B | €80,938 | €70,732 | -€10,206 | -12.6% |
| Recurring financial income | 75 | €80,938 | €70,732 | -€10,206 | -12.6% |
| Financial charges | 65/66B | €123,934 | €107,390 | -€16,544 | -13.3% |
| Recurring financial charges | 65 | €123,934 | €107,390 | -€16,544 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €737,614 | €294,782 | -€442,832 | -60.0% |
| Transfer from deferred taxes | 780 | €4,836 | €4,836 | = | 0.0% |
| Income taxes | 67/77 | €212,760 | €100,611 | -€112,149 | -52.7% |
| Profit (loss) for the period | 9904 | €529,690 | €199,007 | -€330,683 | -62.4% |
| Transfer from tax-exempt reserves | 789 | €14,508 | €14,508 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €544,198 | €213,515 | -€330,683 | -60.8% |
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 26 October 2026 via checked.be.