HOCA: 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.
HOCA
Largest movements
- Tangible fixed assets -€4,207
down €4,207 (-2.3%), from €184,688 to €180,480
of which Land and buildings: -€4,209
- Cash -€2,767
down €2,767 (-65.5%), from €4,226 to €1,458
mainly Net result for the year (-€22,901) and Investment in fixed assets (net) (-€11,365)
- Other debts +€18,171
up €18,171 (+19.3%), from €94,316 to €112,488
- Profit (loss) carried forward -€16,313
new in 2025: -€16,313
- Reserves -€6,588
down €6,588 (-21.1%), from €31,284 to €24,696
- Debts after one year -€3,945
down €3,945 (-13.2%), from €29,901 to €25,957
- Accrued charges and deferred income +€2,405
up €2,405 (+546.2%), from €440 to €2,846
- Gross operating margin -€7,006
down €7,006, from €3,251 to -€3,755
- Depreciation -€3,020
down €3,020 (-16.2%), from €18,592 to €15,572
- Financial charges -€175
down €175 (-9.7%), from €1,799 to €1,624
- Other operating charges -€112
down €112 (-5.9%), from €1,893 to €1,780
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 | €193,823 | €187,370 | -€6,453 | -3.3% |
| Fixed assets | 21/28 | €184,688 | €180,480 | -€4,207 | -2.3% |
| Tangible fixed assets | 22/27 | €184,688 | €180,480 | -€4,207 | -2.3% |
| Land and buildings | 22 | €177,510 | €173,301 | -€4,209 | -2.4% |
| Plant, machinery and equipment | 23 | €4,164 | €4,410 | +€246 | +5.9% |
| Furniture and vehicles | 24 | €3,014 | €2,770 | -€245 | -8.1% |
| Current assets | 29/58 | €9,135 | €6,890 | -€2,246 | -24.6% |
| Amounts receivable within one year | 40/41 | €2,181 | €2,677 | +€496 | +22.7% |
| Trade receivables | 40 | €839 | €2,346 | +€1,507 | +179.5% |
| Other amounts receivable | 41 | €1,342 | €331 | -€1,011 | -75.3% |
| Cash at bank and in hand | 54/58 | €4,226 | €1,458 | -€2,767 | -65.5% |
| Deferred charges and accrued income | 490/1 | €2,729 | €2,755 | +€26 | +0.9% |
| Total equity and liabilities | 10/49 | €193,823 | €187,370 | -€6,453 | -3.3% |
| Equity | 10/15 | €49,876 | €26,975 | -€22,901 | -45.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €31,284 | €24,696 | -€6,588 | -21.1% |
| Distributable reserves | 133 | €31,284 | €24,696 | -€6,588 | -21.1% |
| Profit (loss) carried forward | 14 | - | -€16,313 | -€16,313 | |
| Provisions and deferred taxes | 16 | €15,000 | €15,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €128,947 | €145,395 | +€16,448 | +12.8% |
| Amounts payable after more than one year | 17 | €29,901 | €25,957 | -€3,945 | -13.2% |
| Financial debts | 170/4 | €29,901 | €25,957 | -€3,945 | -13.2% |
| Amounts payable within one year | 42/48 | €98,605 | €116,593 | +€17,987 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €3,756 | €3,945 | +€189 | +5.0% |
| Trade debts | 44 | €533 | €160 | -€373 | -69.9% |
| Suppliers | 440/4 | €533 | €160 | -€373 | -69.9% |
| Other amounts payable | 47/48 | €94,316 | €112,488 | +€18,171 | +19.3% |
| Accrued charges and deferred income | 492/3 | €440 | €2,846 | +€2,405 | +546.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,592 | €15,572 | -€3,020 | -16.2% |
| Other operating charges | 640/8 | €1,893 | €1,780 | -€112 | -5.9% |
| Gross operating margin | 9900 | €3,251 | -€3,755 | -€7,006 | |
| Operating profit (loss) | 9901 | -€17,233 | -€21,108 | -€3,874 | -22.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,799 | €1,624 | -€175 | -9.7% |
| Recurring financial charges | 65 | €1,799 | €1,624 | -€175 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,033 | -€22,732 | -€3,699 | -19.4% |
| Income taxes | 67/77 | €158 | €169 | +€11 | +6.7% |
| Profit (loss) for the period | 9904 | -€19,191 | -€22,901 | -€3,710 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,191 | -€22,901 | -€3,710 | -19.3% |
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 3 October 2026 via checked.be.