HOBIN: 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.
HOBIN
Largest movements
- Stocks and contracts -€580,492
down €580,492 (-100.0%), from €580,492 to €0
- Cash +€139,061
up €139,061 (+565.7%), from €24,583 to €163,644
mainly Stocks and contracts (+€580,492) and Trade debts (+€23,997)
- Receivables within one year +€79,946
up €79,946 (+304.8%), from €26,229 to €106,174
of which Trade receivables: +€56,978
- Deferred charges and accrued income -€7,192
down €7,192 (-43.2%), from €16,648 to €9,456
- Debts after one year -€394,640
down €394,640 (-70.2%), from €562,140 to €167,500
- Trade debts +€23,997
up €23,997 (+43.1%), from €55,715 to €79,712
- Financial charges +€33,682
up €33,682 (+77.3%), from €43,575 to €77,257
- Gross operating margin +€27,070
up €27,070 (+51.1%), from €53,018 to €80,088
- Financial income +€1,432
up €1,432 (+99.4%), from €1,440 to €2,873
of which Non-recurring financial income: +€1,421
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 | €653,386 | €283,466 | -€369,920 | -56.6% |
| Fixed assets | 21/28 | €5,434 | €4,191 | -€1,242 | -22.9% |
| Tangible fixed assets | 22/27 | €5,434 | €4,191 | -€1,242 | -22.9% |
| Land and buildings | 22 | €4,109 | €3,082 | -€1,027 | -25.0% |
| Plant, machinery and equipment | 23 | €1,325 | €0 | -€1,325 | -100.0% |
| Furniture and vehicles | 24 | - | €1,110 | +€1,110 | |
| Current assets | 29/58 | €647,952 | €279,274 | -€368,678 | -56.9% |
| Stocks and contracts in progress | 3 | €580,492 | €0 | -€580,492 | -100.0% |
| Stocks | 30/36 | €580,492 | €0 | -€580,492 | -100.0% |
| Amounts receivable within one year | 40/41 | €26,229 | €106,174 | +€79,946 | +304.8% |
| Trade receivables | 40 | €22,180 | €79,159 | +€56,978 | +256.9% |
| Other amounts receivable | 41 | €4,048 | €27,015 | +€22,967 | +567.3% |
| Cash at bank and in hand | 54/58 | €24,583 | €163,644 | +€139,061 | +565.7% |
| Deferred charges and accrued income | 490/1 | €16,648 | €9,456 | -€7,192 | -43.2% |
| Total equity and liabilities | 10/49 | €653,386 | €283,466 | -€369,920 | -56.6% |
| Equity | 10/15 | €29,009 | €31,750 | +€2,741 | +9.4% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,851 | -€55,110 | +€2,741 | +4.7% |
| Amounts payable | 17/49 | €624,377 | €251,716 | -€372,661 | -59.7% |
| Amounts payable after more than one year | 17 | €562,140 | €167,500 | -€394,640 | -70.2% |
| Financial debts | 170/4 | €562,140 | €167,500 | -€394,640 | -70.2% |
| Amounts payable within one year | 42/48 | €62,237 | €84,208 | +€21,970 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €4,234 | €2,968 | -€1,266 | -29.9% |
| Trade debts | 44 | €55,715 | €79,712 | +€23,997 | +43.1% |
| Suppliers | 440/4 | €55,715 | €79,712 | +€23,997 | +43.1% |
| Taxes, remuneration and social security | 45 | €29 | €107 | +€79 | +275.6% |
| Taxes | 450/3 | €29 | €107 | +€79 | +275.6% |
| Other amounts payable | 47/48 | €2,260 | €1,420 | -€840 | -37.2% |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,353 | €2,442 | +€89 | +3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,084 | €520 | -€564 | -52.0% |
| Gross operating margin | 9900 | €53,018 | €80,088 | +€27,070 | +51.1% |
| Operating profit (loss) | 9901 | €49,580 | €77,126 | +€27,545 | +55.6% |
| Financial income | 75/76B | €1,440 | €2,873 | +€1,432 | +99.4% |
| Recurring financial income | 75 | €1,440 | €1,451 | +€11 | +0.8% |
| Non-recurring financial income | 76B | - | €1,421 | +€1,421 | |
| Financial charges | 65/66B | €43,575 | €77,257 | +€33,682 | +77.3% |
| Recurring financial charges | 65 | €43,575 | €77,257 | +€33,682 | +77.3% |
| Profit (loss) for the period before taxes | 9903 | €7,446 | €2,741 | -€4,704 | -63.2% |
| Profit (loss) for the period | 9904 | €7,446 | €2,741 | -€4,704 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,446 | €2,741 | -€4,704 | -63.2% |
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 7 October 2026 via checked.be.