HOCALEX: 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.
HOCALEX
Largest movements
- Cash -€24,934
down €24,934 (-73.0%), from €34,144 to €9,210
mainly Other debts (-€24,091) and Contributions, distributions and other (-€15,300)
- Receivables within one year -€10,751
down €10,751 (-55.6%), from €19,333 to €8,581
of which Other amounts receivable: -€10,333
- Deferred charges and accrued income -€1,655
down €1,655 (-39.6%), from €4,184 to €2,529
- Tangible fixed assets +€1,574
up €1,574 (+53.4%), from €2,948 to €4,522
of which Furniture and vehicles: +€1,932
- Other debts -€24,091
down €24,091 (-57.8%), from €41,650 to €17,559
- Tax, wage and social debts -€8,363
down €8,363 (-54.6%), from €15,314 to €6,951
of which Taxes: -€8,363
- Trade debts -€3,339
down €3,339 (-97.3%), from €3,431 to €92
- Gross operating margin +€4,599
up €4,599 (+23.6%), from €19,455 to €24,054
- Taxes +€921
up €921 (+18.1%), from €5,094 to €6,015
- Depreciation +€395
up €395 (+106.4%), from €371 to €766
- Financial income -€375
down €375 (-100.0%), from €375 to €0
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 | €60,609 | €24,842 | -€35,766 | -59.0% |
| Fixed assets | 21/28 | €2,948 | €4,522 | +€1,574 | +53.4% |
| Tangible fixed assets | 22/27 | €2,948 | €4,522 | +€1,574 | +53.4% |
| Furniture and vehicles | 24 | €0 | €1,932 | +€1,932 | |
| Other tangible fixed assets | 26 | €2,948 | €2,591 | -€358 | -12.1% |
| Current assets | 29/58 | €57,660 | €20,320 | -€37,341 | -64.8% |
| Amounts receivable within one year | 40/41 | €19,333 | €8,581 | -€10,751 | -55.6% |
| Trade receivables | 40 | €8,999 | €8,581 | -€418 | -4.6% |
| Other amounts receivable | 41 | €10,333 | €0 | -€10,333 | -100.0% |
| Cash at bank and in hand | 54/58 | €34,144 | €9,210 | -€24,934 | -73.0% |
| Deferred charges and accrued income | 490/1 | €4,184 | €2,529 | -€1,655 | -39.6% |
| Total equity and liabilities | 10/49 | €60,609 | €24,842 | -€35,766 | -59.0% |
| Equity | 10/15 | €214 | €241 | +€27 | +12.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114 | €141 | +€27 | +24.2% |
| Amounts payable | 17/49 | €60,395 | €24,601 | -€35,794 | -59.3% |
| Amounts payable within one year | 42/48 | €60,395 | €24,601 | -€35,794 | -59.3% |
| Trade debts | 44 | €3,431 | €92 | -€3,339 | -97.3% |
| Suppliers | 440/4 | €3,431 | €92 | -€3,339 | -97.3% |
| Taxes, remuneration and social security | 45 | €15,314 | €6,951 | -€8,363 | -54.6% |
| Taxes | 450/3 | €13,514 | €5,151 | -€8,363 | -61.9% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €41,650 | €17,559 | -€24,091 | -57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | €766 | +€395 | +106.4% |
| Other operating charges | 640/8 | €1,036 | €876 | -€159 | -15.4% |
| Non-recurring operating charges | 66A | €61 | €0 | -€61 | -100.0% |
| Gross operating margin | 9900 | €19,455 | €24,054 | +€4,599 | +23.6% |
| Operating profit (loss) | 9901 | €17,988 | €22,411 | +€4,424 | +24.6% |
| Financial income | 75/76B | €375 | €0 | -€375 | -100.0% |
| Recurring financial income | 75 | €375 | €0 | -€375 | -100.0% |
| Financial charges | 65/66B | €1,029 | €1,069 | +€40 | +3.9% |
| Recurring financial charges | 65 | €1,029 | €1,069 | +€40 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €17,334 | €21,342 | +€4,008 | +23.1% |
| Income taxes | 67/77 | €5,094 | €6,015 | +€921 | +18.1% |
| Profit (loss) for the period | 9904 | €12,240 | €15,327 | +€3,087 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,240 | €15,327 | +€3,087 | +25.2% |
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 4 October 2026 via checked.be.