HOCEDAM: 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.
HOCEDAM
Largest movements
- Cash +€68,881
up €68,881 (+40.7%), from €169,322 to €238,202
mainly Net result for the year (+€171,066) and Debts after one year (+€35,050)
- Tangible fixed assets +€61,163
up €61,163 (+1,282%), from €4,770 to €65,933
of which Furniture and vehicles: +€62,127
- Receivables within one year -€32,300
down €32,300 (-53.0%), from €60,889 to €28,589
of which Trade receivables: -€16,903
- Reserves +€71,066
up €71,066 (+8.9%), from €802,223 to €873,289
of which Distributable reserves: +€71,066
- Debts after one year +€35,050
up €35,050 (+12.0%), from €292,454 to €327,504
of which Financial debts: +€41,050
- Gross operating margin -€12,467
down €12,467 (-4.3%), from €291,995 to €279,528
- Depreciation +€8,894
up €8,894 (+752%), from €1,182 to €10,076
- Taxes -€5,020
down €5,020 (-6.7%), from €75,020 to €70,000
- Financial charges -€4,754
down €4,754 (-51.2%), from €9,280 to €4,527
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 | €1,835,241 | €1,933,796 | +€98,555 | +5.4% |
| Fixed assets | 21/28 | €1,605,031 | €1,666,194 | +€61,163 | +3.8% |
| Tangible fixed assets | 22/27 | €4,770 | €65,933 | +€61,163 | +1,282% |
| Plant, machinery and equipment | 23 | €1,903 | €939 | -€964 | -50.7% |
| Furniture and vehicles | 24 | €2,867 | €64,994 | +€62,127 | +2,167% |
| Financial fixed assets | 28 | €1,600,261 | €1,600,261 | = | 0.0% |
| Current assets | 29/58 | €230,211 | €267,602 | +€37,392 | +16.2% |
| Amounts receivable within one year | 40/41 | €60,889 | €28,589 | -€32,300 | -53.0% |
| Trade receivables | 40 | €44,457 | €27,553 | -€16,903 | -38.0% |
| Other amounts receivable | 41 | €16,432 | €1,036 | -€15,396 | -93.7% |
| Cash at bank and in hand | 54/58 | €169,322 | €238,202 | +€68,881 | +40.7% |
| Deferred charges and accrued income | 490/1 | - | €811 | +€811 | |
| Total equity and liabilities | 10/49 | €1,835,241 | €1,933,796 | +€98,555 | +5.4% |
| Equity | 10/15 | €1,406,260 | €1,477,326 | +€71,066 | +5.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €802,223 | €873,289 | +€71,066 | +8.9% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €752,223 | €823,289 | +€71,066 | +9.4% |
| Profit (loss) carried forward | 14 | €104,037 | €104,037 | = | 0.0% |
| Amounts payable | 17/49 | €428,981 | €456,470 | +€27,489 | +6.4% |
| Amounts payable after more than one year | 17 | €292,454 | €327,504 | +€35,050 | +12.0% |
| Financial debts | 170/4 | - | €41,050 | +€41,050 | |
| Other amounts payable | 178/9 | €292,454 | €286,454 | -€6,000 | -2.1% |
| Amounts payable within one year | 42/48 | €136,527 | €128,966 | -€7,561 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | - | €17,432 | +€17,432 | |
| Financial debts | 43 | €23,926 | €8,462 | -€15,464 | -64.6% |
| Credit institutions | 430/8 | €23,926 | €8,462 | -€15,464 | -64.6% |
| Trade debts | 44 | €7,269 | €10,488 | +€3,218 | +44.3% |
| Suppliers | 440/4 | €7,269 | €10,488 | +€3,218 | +44.3% |
| Taxes, remuneration and social security | 45 | €15,028 | €15,281 | +€253 | +1.7% |
| Taxes | 450/3 | €7,585 | €7,327 | -€258 | -3.4% |
| Remuneration and social security | 454/9 | €7,443 | €7,954 | +€512 | +6.9% |
| Other amounts payable | 47/48 | €90,304 | €77,304 | -€13,000 | -14.4% |
| Remuneration, social security and pensions | 62 | €65,285 | €67,474 | +€2,189 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,182 | €10,076 | +€8,894 | +752% |
| Other operating charges | 640/8 | €1,228 | €1,386 | +€158 | +12.9% |
| Gross operating margin | 9900 | €291,995 | €279,528 | -€12,467 | -4.3% |
| Operating profit (loss) | 9901 | €224,301 | €200,592 | -€23,708 | -10.6% |
| Financial income | 75/76B | €45,000 | €45,000 | = | 0.0% |
| Recurring financial income | 75 | €45,000 | €45,000 | = | 0.0% |
| Financial charges | 65/66B | €9,280 | €4,527 | -€4,754 | -51.2% |
| Recurring financial charges | 65 | €9,280 | €4,527 | -€4,754 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €260,020 | €241,066 | -€18,954 | -7.3% |
| Income taxes | 67/77 | €75,020 | €70,000 | -€5,020 | -6.7% |
| Profit (loss) for the period | 9904 | €185,000 | €171,066 | -€13,934 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €185,000 | €171,066 | -€13,934 | -7.5% |
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 29 October 2026 via checked.be.