HOBO: 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.
HOBO
Largest movements
- Cash +€121,897
up €121,897 (+96.7%), from €126,114 to €248,011
mainly Net result for the year (+€204,621) and Depreciation (+€61,099)
- Current investments -€18,380
down €18,380 (-23.6%), from €77,786 to €59,406
- Stocks and contracts -€17,767
down €17,767 (-7.1%), from €248,763 to €230,996
- Tangible fixed assets +€11,879
up €11,879 (+4.1%), from €288,258 to €300,137
of which Furniture and vehicles: +€10,297
- Profit (loss) carried forward +€144,621
up €144,621 (+61.2%), from €236,344 to €380,965
- Debts after one year -€28,788
down €28,788 (-31.1%), from €92,660 to €63,871
- Revaluation surpluses -€18,380
down €18,380 (-100.0%), from €18,380 to €0
- Tax, wage and social debts +€18,120
up €18,120 (+61.7%), from €29,350 to €47,470
of which Taxes: +€9,138
- Trade debts -€16,894
down €16,894 (-7.5%), from €224,159 to €207,265
- Gross operating margin +€68,190
up €68,190 (+9.4%), from €725,883 to €794,073
- Staff costs -€35,629
down €35,629 (-7.6%), from €466,890 to €431,261
- Taxes +€21,277
up €21,277 (+46.8%), from €45,490 to €66,767
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 | €859,898 | €956,804 | +€96,905 | +11.3% |
| Fixed assets | 21/28 | €296,208 | €308,087 | +€11,879 | +4.0% |
| Tangible fixed assets | 22/27 | €288,258 | €300,137 | +€11,879 | +4.1% |
| Plant, machinery and equipment | 23 | €55,855 | €54,455 | -€1,400 | -2.5% |
| Furniture and vehicles | 24 | €18,366 | €28,663 | +€10,297 | +56.1% |
| Other tangible fixed assets | 26 | €214,036 | €217,019 | +€2,983 | +1.4% |
| Financial fixed assets | 28 | €7,950 | €7,950 | = | 0.0% |
| Current assets | 29/58 | €563,691 | €648,716 | +€85,026 | +15.1% |
| Stocks and contracts in progress | 3 | €248,763 | €230,996 | -€17,767 | -7.1% |
| Stocks | 30/36 | €248,763 | €230,996 | -€17,767 | -7.1% |
| Amounts receivable within one year | 40/41 | €88,821 | €88,536 | -€284 | -0.3% |
| Trade receivables | 40 | €41,691 | €43,499 | +€1,809 | +4.3% |
| Other amounts receivable | 41 | €47,130 | €45,037 | -€2,093 | -4.4% |
| Current investments | 50/53 | €77,786 | €59,406 | -€18,380 | -23.6% |
| Cash at bank and in hand | 54/58 | €126,114 | €248,011 | +€121,897 | +96.7% |
| Deferred charges and accrued income | 490/1 | €22,207 | €21,767 | -€440 | -2.0% |
| Total equity and liabilities | 10/49 | €859,898 | €956,804 | +€96,905 | +11.3% |
| Equity | 10/15 | €398,735 | €524,976 | +€126,242 | +31.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €18,380 | €0 | -€18,380 | -100.0% |
| Reserves | 13 | €125,419 | €125,419 | = | 0.0% |
| Distributable reserves | 133 | €125,419 | €125,419 | = | 0.0% |
| Profit (loss) carried forward | 14 | €236,344 | €380,965 | +€144,621 | +61.2% |
| Amounts payable | 17/49 | €461,164 | €431,827 | -€29,336 | -6.4% |
| Amounts payable after more than one year | 17 | €92,660 | €63,871 | -€28,788 | -31.1% |
| Financial debts | 170/4 | €92,660 | €63,871 | -€28,788 | -31.1% |
| Amounts payable within one year | 42/48 | €367,605 | €367,040 | -€564 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €28,132 | €28,788 | +€657 | +2.3% |
| Financial debts | 43 | €10,964 | €8,517 | -€2,447 | -22.3% |
| Credit institutions | 430/8 | €10,964 | €8,517 | -€2,447 | -22.3% |
| Trade debts | 44 | €224,159 | €207,265 | -€16,894 | -7.5% |
| Suppliers | 440/4 | €224,159 | €207,265 | -€16,894 | -7.5% |
| Taxes, remuneration and social security | 45 | €29,350 | €47,470 | +€18,120 | +61.7% |
| Taxes | 450/3 | €792 | €9,930 | +€9,138 | +1153.2% |
| Remuneration and social security | 454/9 | €28,558 | €37,540 | +€8,982 | +31.5% |
| Other amounts payable | 47/48 | €75,000 | €75,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €899 | €916 | +€16 | +1.8% |
| Remuneration, social security and pensions | 62 | €466,890 | €431,261 | -€35,629 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,690 | €61,099 | +€6,409 | +11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €304 | €0 | -€304 | -100.0% |
| Other operating charges | 640/8 | €9,338 | €8,383 | -€956 | -10.2% |
| Non-recurring operating charges | 66A | €709 | €855 | +€147 | +20.7% |
| Gross operating margin | 9900 | €725,883 | €794,073 | +€68,190 | +9.4% |
| Operating profit (loss) | 9901 | €193,952 | €292,475 | +€98,522 | +50.8% |
| Financial income | 75/76B | €4,671 | €11,621 | +€6,950 | +148.8% |
| Recurring financial income | 75 | €3,671 | €11,621 | +€7,950 | +216.6% |
| Non-recurring financial income | 76B | €1,000 | €0 | -€1,000 | -100.0% |
| Financial charges | 65/66B | €34,585 | €32,707 | -€1,877 | -5.4% |
| Recurring financial charges | 65 | €34,585 | €32,707 | -€1,877 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €164,039 | €271,388 | +€107,350 | +65.4% |
| Income taxes | 67/77 | €45,490 | €66,767 | +€21,277 | +46.8% |
| Profit (loss) for the period | 9904 | €118,549 | €204,621 | +€86,073 | +72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,549 | €204,621 | +€86,073 | +72.6% |
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 9 October 2026 via checked.be.