HOBRICO: 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.
HOBRICO
Largest movements
- Cash +€86,253
up €86,253 (+21.5%), from €401,034 to €487,287
mainly Receivables within one year (+€84,630) and Net result for the year (+€51,580)
- Receivables within one year -€84,630
down €84,630 (-84.8%), from €99,758 to €15,128
of which Trade receivables: -€63,415
- Reserves +€47,658
up €47,658 (+20.4%), from €233,126 to €280,784
of which Distributable reserves: +€47,658
- Trade debts -€30,282
down €30,282 (-99.1%), from €30,549 to €267
- Other debts -€19,018
down €19,018 (-74.9%), from €25,374 to €6,356
- Gross operating margin -€25,913
down €25,913 (-24.5%), from €105,621 to €79,709
- Taxes -€8,626
down €8,626 (-23.5%), from €36,714 to €28,087
- Financial income -€3,653
down €3,653 (-59.5%), from €6,140 to €2,487
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 | €504,799 | €505,694 | +€895 | +0.2% |
| Fixed assets | 21/28 | €3,800 | €2,850 | -€950 | -25.0% |
| Tangible fixed assets | 22/27 | €3,800 | €2,850 | -€950 | -25.0% |
| Other tangible fixed assets | 26 | €3,800 | €2,850 | -€950 | -25.0% |
| Current assets | 29/58 | €500,999 | €502,844 | +€1,845 | +0.4% |
| Amounts receivable within one year | 40/41 | €99,758 | €15,128 | -€84,630 | -84.8% |
| Trade receivables | 40 | €78,415 | €15,000 | -€63,415 | -80.9% |
| Other amounts receivable | 41 | €21,344 | €128 | -€21,215 | -99.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €401,034 | €487,287 | +€86,253 | +21.5% |
| Deferred charges and accrued income | 490/1 | €206 | €429 | +€223 | +108% |
| Total equity and liabilities | 10/49 | €504,799 | €505,694 | +€895 | +0.2% |
| Equity | 10/15 | €448,875 | €496,533 | +€47,658 | +10.6% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €233,126 | €280,784 | +€47,658 | +20.4% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €203,126 | €250,784 | +€47,658 | +23.5% |
| Profit (loss) carried forward | 14 | -€84,251 | -€84,251 | = | 0.0% |
| Amounts payable | 17/49 | €55,924 | €9,161 | -€46,763 | -83.6% |
| Amounts payable within one year | 42/48 | €55,924 | €9,161 | -€46,763 | -83.6% |
| Trade debts | 44 | €30,549 | €267 | -€30,282 | -99.1% |
| Suppliers | 440/4 | €30,549 | €267 | -€30,282 | -99.1% |
| Taxes, remuneration and social security | 45 | - | €2,538 | +€2,538 | |
| Taxes | 450/3 | - | €2,538 | +€2,538 | |
| Other amounts payable | 47/48 | €25,374 | €6,356 | -€19,018 | -74.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €950 | €950 | = | 0.0% |
| Other operating charges | 640/8 | €126 | €0 | -€126 | -100% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €105,621 | €79,709 | -€25,913 | -24.5% |
| Operating profit (loss) | 9901 | €104,545 | €78,759 | -€25,787 | -24.7% |
| Financial income | 75/76B | €6,140 | €2,487 | -€3,653 | -59.5% |
| Recurring financial income | 75 | €6,140 | €2,487 | -€3,653 | -59.5% |
| Financial charges | 65/66B | €1,892 | €1,578 | -€314 | -16.6% |
| Recurring financial charges | 65 | €1,892 | €1,578 | -€314 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €108,793 | €79,667 | -€29,126 | -26.8% |
| Income taxes | 67/77 | €36,714 | €28,087 | -€8,626 | -23.5% |
| Profit (loss) for the period | 9904 | €72,079 | €51,580 | -€20,500 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,079 | €51,580 | -€20,500 | -28.4% |
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 21 October 2026 via checked.be.