HOBRI: 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.
HOBRI
Largest movements
- Cash -€51,640
down €51,640 (-19.3%), from €267,060 to €215,420
mainly Contributions, distributions and other (-€270,000) and Deferred charges and accrued income (-€48,225)
- Deferred charges and accrued income +€48,225
up €48,225 (+102.9%), from €46,886 to €95,111
- Receivables within one year -€26,983
down €26,983 (-60.4%), from €44,693 to €17,710
- Current investments +€16,732
up €16,732 (+4.5%), from €371,683 to €388,414
- Profit (loss) carried forward -€21,009
down €21,009 (-3.9%), from €540,081 to €519,072
- Other debts +€20,290
up €20,290 (+12.4%), from €163,927 to €184,217
- Short-term financial debts -€8,333
down €8,333 (-20.0%), from €41,667 to €33,333
- Gross operating margin +€10,358
up €10,358 (+3.1%), from €332,177 to €342,535
- Taxes +€3,570
up €3,570 (+4.5%), from €78,720 to €82,290
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 | €776,508 | €765,734 | -€10,775 | -1.4% |
| Fixed assets | 21/28 | €46,186 | €49,078 | +€2,892 | +6.3% |
| Tangible fixed assets | 22/27 | €45,936 | €48,828 | +€2,892 | +6.3% |
| Plant, machinery and equipment | 23 | €8,279 | €6,545 | -€1,734 | -20.9% |
| Furniture and vehicles | 24 | €36,321 | €40,948 | +€4,627 | +12.7% |
| Other tangible fixed assets | 26 | €1,335 | €1,335 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €730,323 | €716,656 | -€13,667 | -1.9% |
| Amounts receivable within one year | 40/41 | €44,693 | €17,710 | -€26,983 | -60.4% |
| Other amounts receivable | 41 | €44,693 | €17,710 | -€26,983 | -60.4% |
| Current investments | 50/53 | €371,683 | €388,414 | +€16,732 | +4.5% |
| Cash at bank and in hand | 54/58 | €267,060 | €215,420 | -€51,640 | -19.3% |
| Deferred charges and accrued income | 490/1 | €46,886 | €95,111 | +€48,225 | +102.9% |
| Total equity and liabilities | 10/49 | €776,508 | €765,734 | -€10,775 | -1.4% |
| Equity | 10/15 | €560,486 | €539,477 | -€21,009 | -3.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €540,081 | €519,072 | -€21,009 | -3.9% |
| Amounts payable | 17/49 | €216,022 | €226,257 | +€10,234 | +4.7% |
| Amounts payable within one year | 42/48 | €216,022 | €225,857 | +€9,835 | +4.6% |
| Financial debts | 43 | €41,667 | €33,333 | -€8,333 | -20.0% |
| Credit institutions | 430/8 | €41,667 | €33,333 | -€8,333 | -20.0% |
| Trade debts | 44 | €970 | €2,830 | +€1,860 | +191.8% |
| Suppliers | 440/4 | €970 | €2,830 | +€1,860 | +191.8% |
| Taxes, remuneration and social security | 45 | €9,459 | €5,477 | -€3,982 | -42.1% |
| Taxes | 450/3 | €3,720 | - | -€3,720 | |
| Remuneration and social security | 454/9 | €5,738 | €5,477 | -€262 | -4.6% |
| Other amounts payable | 47/48 | €163,927 | €184,217 | +€20,290 | +12.4% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,955 | €10,997 | +€1,042 | +10.5% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340.4% |
| Gross operating margin | 9900 | €332,177 | €342,535 | +€10,358 | +3.1% |
| Operating profit (loss) | 9901 | €322,104 | €331,019 | +€8,915 | +2.8% |
| Financial income | 75/76B | €2,129 | €2,810 | +€682 | +32.0% |
| Recurring financial income | 75 | €2,129 | €2,810 | +€682 | +32.0% |
| Financial charges | 65/66B | €2,149 | €2,548 | +€400 | +18.6% |
| Recurring financial charges | 65 | €2,149 | €2,548 | +€400 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €322,084 | €331,281 | +€9,197 | +2.9% |
| Income taxes | 67/77 | €78,720 | €82,290 | +€3,570 | +4.5% |
| Profit (loss) for the period | 9904 | €243,364 | €248,991 | +€5,627 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €243,364 | €248,991 | +€5,627 | +2.3% |
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.