HOBO C&S: 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 C&S
Largest movements
- Cash +€260,221
up €260,221 (+23.6%), from €1.1m to €1.4m
mainly Net result for the year (+€197,327) and Receivables within one year (+€32,614)
- Receivables within one year -€32,614
down €32,614 (-5.1%), from €639,170 to €606,556
of which Other amounts receivable: -€37,157
- Reserves +€197,327
up €197,327 (+14.8%), from €1.3m to €1.5m
of which Distributable reserves: +€197,327
- Gross operating margin +€88,154
up €88,154 (+24.1%), from €365,595 to €453,749
- Taxes +€34,288
up €34,288 (+59.3%), from €57,818 to €92,106
- Staff costs -€11,734
down €11,734 (-7.2%), from €163,263 to €151,529
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 | €1,835,372 | €2,042,656 | +€207,284 | +11.3% |
| Fixed assets | 21/28 | €67,204 | €54,677 | -€12,527 | -18.6% |
| Tangible fixed assets | 22/27 | €50,317 | €37,790 | -€12,527 | -24.9% |
| Plant, machinery and equipment | 23 | €9,895 | €8,739 | -€1,156 | -11.7% |
| Furniture and vehicles | 24 | €18,169 | €5,899 | -€12,270 | -67.5% |
| Other tangible fixed assets | 26 | €22,252 | €23,151 | +€899 | +4.0% |
| Financial fixed assets | 28 | €16,887 | €16,887 | = | 0.0% |
| Current assets | 29/58 | €1,768,169 | €1,987,979 | +€219,811 | +12.4% |
| Amounts receivable within one year | 40/41 | €639,170 | €606,556 | -€32,614 | -5.1% |
| Trade receivables | 40 | €599,064 | €603,607 | +€4,543 | +0.8% |
| Other amounts receivable | 41 | €40,106 | €2,949 | -€37,157 | -92.6% |
| Cash at bank and in hand | 54/58 | €1,104,328 | €1,364,548 | +€260,221 | +23.6% |
| Deferred charges and accrued income | 490/1 | €24,671 | €16,875 | -€7,796 | -31.6% |
| Total equity and liabilities | 10/49 | €1,835,372 | €2,042,656 | +€207,284 | +11.3% |
| Equity | 10/15 | €1,358,529 | €1,555,856 | +€197,327 | +14.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €1,333,740 | €1,531,067 | +€197,327 | +14.8% |
| Non-distributable reserves | 130/1 | €4,651 | €4,651 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Other | 1319 | €2,172 | €2,172 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,823 | €57,823 | = | 0.0% |
| Distributable reserves | 133 | €1,271,265 | €1,468,593 | +€197,327 | +15.5% |
| Amounts payable | 17/49 | €476,843 | €486,800 | +€9,957 | +2.1% |
| Amounts payable within one year | 42/48 | €475,506 | €485,461 | +€9,955 | +2.1% |
| Trade debts | 44 | €452,898 | €454,431 | +€1,533 | +0.3% |
| Suppliers | 440/4 | €452,898 | €454,431 | +€1,533 | +0.3% |
| Taxes, remuneration and social security | 45 | €21,009 | €31,030 | +€10,021 | +47.7% |
| Taxes | 450/3 | €2,174 | €17,650 | +€15,476 | +712% |
| Remuneration and social security | 454/9 | €18,835 | €13,380 | -€5,455 | -29.0% |
| Other amounts payable | 47/48 | €1,599 | - | -€1,599 | |
| Accrued charges and deferred income | 492/3 | €1,338 | €1,339 | +€2 | +0.1% |
| Remuneration, social security and pensions | 62 | €163,263 | €151,529 | -€11,734 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,892 | €17,369 | -€1,524 | -8.1% |
| Other operating charges | 640/8 | €5,933 | €2,710 | -€3,223 | -54.3% |
| Gross operating margin | 9900 | €365,595 | €453,749 | +€88,154 | +24.1% |
| Operating profit (loss) | 9901 | €177,507 | €282,141 | +€104,634 | +58.9% |
| Financial income | 75/76B | €6,446 | €7,628 | +€1,181 | +18.3% |
| Recurring financial income | 75 | €6,446 | €7,628 | +€1,181 | +18.3% |
| Financial charges | 65/66B | €271 | €335 | +€64 | +23.7% |
| Recurring financial charges | 65 | €271 | €335 | +€64 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €183,683 | €289,434 | +€105,751 | +57.6% |
| Income taxes | 67/77 | €57,818 | €92,106 | +€34,288 | +59.3% |
| Profit (loss) for the period | 9904 | €125,864 | €197,327 | +€71,463 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €125,864 | €197,327 | +€71,463 | +56.8% |
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 28 October 2026 via checked.be.