HOBROCO: 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.
HOBROCO
Largest movements
- Receivables after one year -€19,526
down €19,526 (-39.7%), from €49,154 to €29,628
- Stocks and contracts +€19,283
up €19,283 (+23.6%), from €81,672 to €100,955
- Reserves -€13,974
down €13,974 (-6.1%), from €229,464 to €215,490
of which Distributable reserves: -€13,974
- Profit (loss) carried forward +€10,671
up €10,671, from -€10,671 to €0
- Trade debts +€5,973
up €5,973 (+102.7%), from €5,815 to €11,788
- Other operating charges -€3,691
down €3,691 (-84.3%), from €4,379 to €688
- Gross operating margin +€3,016
up €3,016 (+9.9%), from €30,413 to €33,429
- Staff costs +€1,969
up €1,969 (+5.8%), from €34,185 to €36,154
- Financial income -€1,792
down €1,792 (-78.9%), from €2,270 to €478
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 | €501,363 | €505,159 | +€3,795 | +0.8% |
| Current assets | 29/58 | €501,363 | €505,159 | +€3,795 | +0.8% |
| Amounts receivable after more than one year | 29 | €49,154 | €29,628 | -€19,526 | -39.7% |
| Other amounts receivable | 291 | €49,154 | €29,628 | -€19,526 | -39.7% |
| Stocks and contracts in progress | 3 | €81,672 | €100,955 | +€19,283 | +23.6% |
| Stocks | 30/36 | €81,672 | €100,955 | +€19,283 | +23.6% |
| Amounts receivable within one year | 40/41 | €29,444 | €33,583 | +€4,139 | +14.1% |
| Trade receivables | 40 | €29,372 | €33,511 | +€4,139 | +14.1% |
| Other amounts receivable | 41 | €72 | €72 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €339,344 | €339,456 | +€112 | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,750 | €1,536 | -€213 | -12.2% |
| Total equity and liabilities | 10/49 | €501,363 | €505,159 | +€3,795 | +0.8% |
| Equity | 10/15 | €486,518 | €483,215 | -€3,303 | -0.7% |
| Contributions | 10/11 | €267,725 | €267,725 | = | 0.0% |
| Capital | 10 | €267,725 | €267,725 | = | 0.0% |
| Issued capital | 100 | €267,725 | €267,725 | = | 0.0% |
| Reserves | 13 | €229,464 | €215,490 | -€13,974 | -6.1% |
| Non-distributable reserves | 130/1 | €26,773 | €26,773 | = | 0.0% |
| Legal reserve | 130 | €26,773 | €26,773 | = | 0.0% |
| Distributable reserves | 133 | €202,691 | €188,717 | -€13,974 | -6.9% |
| Profit (loss) carried forward | 14 | -€10,671 | €0 | +€10,671 | |
| Amounts payable | 17/49 | €14,845 | €21,944 | +€7,098 | +47.8% |
| Amounts payable within one year | 42/48 | €13,531 | €20,632 | +€7,100 | +52.5% |
| Trade debts | 44 | €5,815 | €11,788 | +€5,973 | +102.7% |
| Suppliers | 440/4 | €5,815 | €11,788 | +€5,973 | +102.7% |
| Taxes, remuneration and social security | 45 | €7,553 | €8,680 | +€1,127 | +14.9% |
| Taxes | 450/3 | €1,845 | €3,211 | +€1,366 | +74.0% |
| Remuneration and social security | 454/9 | €5,707 | €5,469 | -€238 | -4.2% |
| Other amounts payable | 47/48 | €163 | €163 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,314 | €1,312 | -€2 | -0.1% |
| Remuneration, social security and pensions | 62 | €34,185 | €36,154 | +€1,969 | +5.8% |
| Other operating charges | 640/8 | €4,379 | €688 | -€3,691 | -84.3% |
| Gross operating margin | 9900 | €30,413 | €33,429 | +€3,016 | +9.9% |
| Operating profit (loss) | 9901 | -€8,150 | -€3,412 | +€4,738 | +58.1% |
| Financial income | 75/76B | €2,270 | €478 | -€1,792 | -78.9% |
| Recurring financial income | 75 | €2,270 | €478 | -€1,792 | -78.9% |
| Financial charges | 65/66B | €227 | €369 | +€142 | +62.9% |
| Recurring financial charges | 65 | €227 | €369 | +€142 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,107 | -€3,303 | +€2,804 | +45.9% |
| Profit (loss) for the period | 9904 | -€6,107 | -€3,303 | +€2,804 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,107 | -€3,303 | +€2,804 | +45.9% |
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 6 October 2026 via checked.be.