HOCETEC: 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.
HOCETEC
Largest movements
- Receivables within one year +€139,708
up €139,708 (+60.0%), from €232,890 to €372,598
of which Trade receivables: +€117,178
- Tangible fixed assets -€34,999
down €34,999 (-35.7%), from €98,013 to €63,014
of which Furniture and vehicles: -€30,136
- Cash -€16,307
down €16,307 (-44.6%), from €36,576 to €20,270
mainly Receivables within one year (-€139,708) and Debts after one year (-€35,487)
- Stocks and contracts +€11,521
up €11,521 (+56.3%), from €20,466 to €31,987
- Deferred charges and accrued income +€6,208
up €6,208 (+935%), from €664 to €6,872
- Trade debts +€113,506
up €113,506 (+83.6%), from €135,751 to €249,257
- Other debts +€53,563
new in 2025: €53,563
- Debts after one year -€35,487
down €35,487 (-54.3%), from €65,381 to €29,894
- Profit (loss) carried forward -€26,745
down €26,745 (-37.3%), from €71,631 to €44,886
- Staff costs +€38,970
up €38,970 (+14.3%), from €273,430 to €312,400
- Taxes -€13,236
down €13,236 (-75.3%), from €17,573 to €4,337
- Gross operating margin -€11,603
down €11,603 (-3.0%), from €382,148 to €370,545
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 | €390,638 | €496,769 | +€106,132 | +27.2% |
| Fixed assets | 21/28 | €100,041 | €65,042 | -€34,999 | -35.0% |
| Tangible fixed assets | 22/27 | €98,013 | €63,014 | -€34,999 | -35.7% |
| Land and buildings | 22 | €6,554 | €3,529 | -€3,025 | -46.2% |
| Plant, machinery and equipment | 23 | €24,383 | €22,545 | -€1,838 | -7.5% |
| Furniture and vehicles | 24 | €67,076 | €36,940 | -€30,136 | -44.9% |
| Financial fixed assets | 28 | €2,028 | €2,028 | = | 0.0% |
| Current assets | 29/58 | €290,597 | €431,727 | +€141,130 | +48.6% |
| Stocks and contracts in progress | 3 | €20,466 | €31,987 | +€11,521 | +56.3% |
| Stocks | 30/36 | €20,466 | €31,987 | +€11,521 | +56.3% |
| Amounts receivable within one year | 40/41 | €232,890 | €372,598 | +€139,708 | +60.0% |
| Trade receivables | 40 | €188,082 | €305,260 | +€117,178 | +62.3% |
| Other amounts receivable | 41 | €44,808 | €67,338 | +€22,531 | +50.3% |
| Cash at bank and in hand | 54/58 | €36,576 | €20,270 | -€16,307 | -44.6% |
| Deferred charges and accrued income | 490/1 | €664 | €6,872 | +€6,208 | +935% |
| Total equity and liabilities | 10/49 | €390,638 | €496,769 | +€106,132 | +27.2% |
| Equity | 10/15 | €118,364 | €91,619 | -€26,745 | -22.6% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €31,859 | €31,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,859 | €23,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,859 | €23,859 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,631 | €44,886 | -€26,745 | -37.3% |
| Amounts payable | 17/49 | €272,274 | €405,151 | +€132,877 | +48.8% |
| Amounts payable after more than one year | 17 | €65,381 | €29,894 | -€35,487 | -54.3% |
| Financial debts | 170/4 | €65,381 | €29,894 | -€35,487 | -54.3% |
| Amounts payable within one year | 42/48 | €206,893 | €375,256 | +€168,364 | +81.4% |
| Current portion of amounts payable after more than one year | 42 | €38,052 | €35,487 | -€2,565 | -6.7% |
| Trade debts | 44 | €135,751 | €249,257 | +€113,506 | +83.6% |
| Suppliers | 440/4 | €135,751 | €249,257 | +€113,506 | +83.6% |
| Advances received on contracts in progress | 46 | €4,848 | €5,510 | +€662 | +13.7% |
| Taxes, remuneration and social security | 45 | €28,242 | €31,440 | +€3,198 | +11.3% |
| Taxes | 450/3 | €20,073 | €28,910 | +€8,837 | +44.0% |
| Remuneration and social security | 454/9 | €8,169 | €2,530 | -€5,639 | -69.0% |
| Other amounts payable | 47/48 | - | €53,563 | +€53,563 | |
| Remuneration, social security and pensions | 62 | €273,430 | €312,400 | +€38,970 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,964 | €44,838 | -€126 | -0.3% |
| Other operating charges | 640/8 | €1,360 | €1,231 | -€128 | -9.4% |
| Gross operating margin | 9900 | €382,148 | €370,545 | -€11,603 | -3.0% |
| Operating profit (loss) | 9901 | €62,394 | €12,076 | -€50,318 | -80.6% |
| Financial income | 75/76B | €1,887 | €1,142 | -€745 | -39.5% |
| Recurring financial income | 75 | €1,887 | €1,142 | -€745 | -39.5% |
| Financial charges | 65/66B | €8,198 | €5,626 | -€2,572 | -31.4% |
| Recurring financial charges | 65 | €8,198 | €5,626 | -€2,572 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €56,083 | €7,592 | -€48,492 | -86.5% |
| Income taxes | 67/77 | €17,573 | €4,337 | -€13,236 | -75.3% |
| Profit (loss) for the period | 9904 | €38,510 | €3,255 | -€35,255 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,510 | €3,255 | -€35,255 | -91.5% |
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 16 October 2026 via checked.be.