HOBO: 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.
HOBO
Largest movements
- Receivables within one year -€15.6m
down €15.6m (-95.5%), from €16.3m to €735,370
of which Other amounts receivable: -€15.5m
- Other debts -€15.6m
down €15.6m (-100.0%), from €15.6m to €0
- Financial income -€916,241
down €916,241 (-91.7%), from €999,029 to €82,788
- Financial charges -€561,351
down €561,351 (-94.2%), from €595,991 to €34,640
- Taxes -€94,776
down €94,776 (-85.1%), from €111,321 to €16,545
- Gross operating margin +€8,336
up €8,336 (+8.8%), from €94,718 to €103,055
- Staff costs +€3,356
up €3,356 (+3.9%), from €86,238 to €89,594
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 | €16,321,989 | €757,793 | -€15.6m | -95.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €16,321,989 | €757,793 | -€15.6m | -95.4% |
| Amounts receivable within one year | 40/41 | €16,294,831 | €735,370 | -€15.6m | -95.5% |
| Trade receivables | 40 | €21,714 | €10,306 | -€11,409 | -52.5% |
| Other amounts receivable | 41 | €16,273,117 | €725,064 | -€15.5m | -95.5% |
| Cash at bank and in hand | 54/58 | €27,158 | €22,423 | -€4,734 | -17.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €16,321,989 | €757,793 | -€15.6m | -95.4% |
| Equity | 10/15 | €573,461 | €617,331 | +€43,870 | +7.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €554,869 | €598,739 | +€43,870 | +7.9% |
| Distributable reserves | 133 | €554,869 | €598,739 | +€43,870 | +7.9% |
| Amounts payable | 17/49 | €15,748,528 | €140,462 | -€15.6m | -99.1% |
| Amounts payable after more than one year | 17 | €7,500 | €7,500 | = | 0.0% |
| Financial debts | 170/4 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,740,578 | €131,901 | -€15.6m | -99.2% |
| Trade debts | 44 | €1,725 | €1,267 | -€458 | -26.5% |
| Suppliers | 440/4 | €1,725 | €1,267 | -€458 | -26.5% |
| Taxes, remuneration and social security | 45 | €140,906 | €130,634 | -€10,272 | -7.3% |
| Taxes | 450/3 | €123,933 | €126,763 | +€2,830 | +2.3% |
| Remuneration and social security | 454/9 | €16,973 | €3,871 | -€13,102 | -77.2% |
| Other amounts payable | 47/48 | €15,597,947 | €0 | -€15.6m | -100.0% |
| Accrued charges and deferred income | 492/3 | €449 | €1,060 | +€611 | +136.0% |
| Remuneration, social security and pensions | 62 | €86,238 | €89,594 | +€3,356 | +3.9% |
| Other operating charges | 640/8 | €554 | €1,193 | +€639 | +115.2% |
| Gross operating margin | 9900 | €94,718 | €103,055 | +€8,336 | +8.8% |
| Operating profit (loss) | 9901 | €7,926 | €12,267 | +€4,341 | +54.8% |
| Financial income | 75/76B | €999,029 | €82,788 | -€916,241 | -91.7% |
| Recurring financial income | 75 | €999,029 | €82,788 | -€916,241 | -91.7% |
| Financial charges | 65/66B | €595,991 | €34,640 | -€561,351 | -94.2% |
| Recurring financial charges | 65 | €595,991 | €34,640 | -€561,351 | -94.2% |
| Profit (loss) for the period before taxes | 9903 | €410,965 | €60,415 | -€350,549 | -85.3% |
| Income taxes | 67/77 | €111,321 | €16,545 | -€94,776 | -85.1% |
| Profit (loss) for the period | 9904 | €299,643 | €43,870 | -€255,773 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €299,643 | €43,870 | -€255,773 | -85.4% |
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 8 October 2026 via checked.be.