HOCH: 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.
HOCH
Largest movements
- Cash +€30,659
up €30,659 (+27.3%), from €112,456 to €143,114
mainly Net result for the year (+€26,298) and Other debts (+€9,312)
- Receivables within one year +€4,519
up €4,519 (+24.1%), from €18,713 to €23,232
of which Other amounts receivable: +€3,412
- Deferred charges and accrued income +€3,532
up €3,532 (+5171.7%), from €68 to €3,600
- Profit (loss) carried forward +€16,378
no longer reported in 2025 (was -€16,378)
- Reserves +€9,920
up €9,920 (+7.2%), from €137,849 to €147,769
- Other debts +€9,312
new in 2025: €9,312
- Tax, wage and social debts +€2,001
up €2,001 (+31.2%), from €6,418 to €8,419
- Gross operating margin +€49,171
up €49,171, from -€14,911 to €34,260
- Taxes +€5,203
up €5,203 (+3747.5%), from €139 to €5,342
- Financial charges -€408
down €408 (-16.4%), from €2,496 to €2,088
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 | €132,460 | €170,946 | +€38,487 | +29.1% |
| Fixed assets | 21/28 | €1,223 | €1,000 | -€223 | -18.2% |
| Tangible fixed assets | 22/27 | €223 | - | -€223 | |
| Furniture and vehicles | 24 | €223 | - | -€223 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €131,237 | €169,946 | +€38,709 | +29.5% |
| Amounts receivable within one year | 40/41 | €18,713 | €23,232 | +€4,519 | +24.1% |
| Trade receivables | 40 | €6,153 | €7,260 | +€1,107 | +18.0% |
| Other amounts receivable | 41 | €12,560 | €15,972 | +€3,412 | +27.2% |
| Cash at bank and in hand | 54/58 | €112,456 | €143,114 | +€30,659 | +27.3% |
| Deferred charges and accrued income | 490/1 | €68 | €3,600 | +€3,532 | +5171.7% |
| Total equity and liabilities | 10/49 | €132,460 | €170,946 | +€38,487 | +29.1% |
| Equity | 10/15 | €123,471 | €149,769 | +€26,298 | +21.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €137,849 | €147,769 | +€9,920 | +7.2% |
| Distributable reserves | 133 | €137,849 | €147,769 | +€9,920 | +7.2% |
| Profit (loss) carried forward | 14 | -€16,378 | - | +€16,378 | |
| Amounts payable | 17/49 | €8,989 | €21,177 | +€12,188 | +135.6% |
| Amounts payable within one year | 42/48 | €8,989 | €21,177 | +€12,188 | +135.6% |
| Trade debts | 44 | €2,571 | €3,446 | +€875 | +34.0% |
| Suppliers | 440/4 | €2,571 | €3,446 | +€875 | +34.0% |
| Taxes, remuneration and social security | 45 | €6,418 | €8,419 | +€2,001 | +31.2% |
| Taxes | 450/3 | €6,418 | €8,419 | +€2,001 | +31.2% |
| Other amounts payable | 47/48 | - | €9,312 | +€9,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368 | €223 | -€145 | -39.4% |
| Other operating charges | 640/8 | €763 | €793 | +€30 | +3.9% |
| Gross operating margin | 9900 | -€14,911 | €34,260 | +€49,171 | |
| Operating profit (loss) | 9901 | -€16,042 | €33,245 | +€49,286 | |
| Financial income | 75/76B | €365 | €483 | +€118 | +32.4% |
| Recurring financial income | 75 | €365 | €483 | +€118 | +32.4% |
| Financial charges | 65/66B | €2,496 | €2,088 | -€408 | -16.4% |
| Recurring financial charges | 65 | €2,496 | €2,088 | -€408 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,173 | €31,640 | +€49,813 | |
| Income taxes | 67/77 | €139 | €5,342 | +€5,203 | +3747.5% |
| Profit (loss) for the period | 9904 | -€18,312 | €26,298 | +€44,610 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,312 | €26,298 | +€44,610 |
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 5 October 2026 via checked.be.