HOCO: what changed
What changed
HOCO
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€41,559
2024 · €125,276-€83,717
Equity
€576,366
2024 · €554,651+€21,715
Cash
€138,033
2024 · €500,399-€362,366
Balance sheet total
€617,316
2024 · €570,221+€47,096
Largest movements
Assets
- Current investments +€426,000
new in 2025: €426,000
- Cash -€362,366
down €362,366 (-72.4%), from €500,399 to €138,033
mainly Current investments (-€426,000) and Contributions, distributions and other (-€19,844)
- Tangible fixed assets -€16,394
down €16,394 (-28.5%), from €57,522 to €41,128
of which Furniture and vehicles: -€15,827
Equity and liabilities
- Accrued charges and deferred income +€25,083
new in 2025: €25,083
- Reserves +€21,715
up €21,715 (+4.1%), from €536,051 to €557,766
Income statement
- Gross operating margin -€106,387
down €106,387 (-54.5%), from €195,152 to €88,765
- Taxes -€39,599
down €39,599 (-62.6%), from €63,276 to €23,677
- Financial charges +€17,647
up €17,647 (+8,854%), from €199 to €17,847
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€125,276
Gross operating margin
-€106,387
Depreciation
+€328
Other operating charges
+€186
Financial income
+€204
Financial charges
-€17,647
Taxes
+€39,599
Result 2025
€41,559
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€83,478
Investment
-€426,000
Financing
-€19,844
Cash 2024
€500,399
From operations (derived)
+€83,478
Net result for the year
+€41,559
Depreciation
+€16,394
Smaller working-capital items
+€419
Tax, wage and social debts
-€3,066
Other debts
+€3,090
Accrued charges and deferred income
+€25,083
Investment (derived)
-€426,000
Current investments
-€426,000
Financing
-€19,844
Contributions, distributions and other
-€19,844
Cash 2025
€138,033
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €570,221 | €617,316 | +€47,096 | +8.3% |
| Fixed assets | 21/28 | €57,522 | €41,128 | -€16,394 | -28.5% |
| Tangible fixed assets | 22/27 | €57,522 | €41,128 | -€16,394 | -28.5% |
| Plant, machinery and equipment | 23 | €1,695 | €1,128 | -€567 | -33.5% |
| Furniture and vehicles | 24 | €55,826 | €40,000 | -€15,827 | -28.3% |
| Current assets | 29/58 | €512,699 | €576,189 | +€63,490 | +12.4% |
| Amounts receivable within one year | 40/41 | €10,658 | €10,023 | -€635 | -6.0% |
| Trade receivables | 40 | €125 | - | -€125 | |
| Other amounts receivable | 41 | €10,533 | €10,023 | -€510 | -4.8% |
| Current investments | 50/53 | - | €426,000 | +€426,000 | |
| Cash at bank and in hand | 54/58 | €500,399 | €138,033 | -€362,366 | -72.4% |
| Deferred charges and accrued income | 490/1 | €1,642 | €2,133 | +€491 | +29.9% |
| Total equity and liabilities | 10/49 | €570,221 | €617,316 | +€47,096 | +8.3% |
| Equity | 10/15 | €554,651 | €576,366 | +€21,715 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €536,051 | €557,766 | +€21,715 | +4.1% |
| Distributable reserves | 133 | €536,051 | €557,766 | +€21,715 | +4.1% |
| Amounts payable | 17/49 | €15,570 | €40,950 | +€25,381 | +163% |
| Amounts payable within one year | 42/48 | €15,570 | €15,868 | +€298 | +1.9% |
| Trade debts | 44 | €499 | €774 | +€274 | +54.9% |
| Suppliers | 440/4 | €499 | €774 | +€274 | +54.9% |
| Taxes, remuneration and social security | 45 | €15,070 | €12,004 | -€3,066 | -20.3% |
| Taxes | 450/3 | €15,070 | €12,004 | -€3,066 | -20.3% |
| Other amounts payable | 47/48 | - | €3,090 | +€3,090 | |
| Accrued charges and deferred income | 492/3 | - | €25,083 | +€25,083 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,722 | €16,394 | -€328 | -2.0% |
| Other operating charges | 640/8 | €786 | €600 | -€186 | -23.7% |
| Gross operating margin | 9900 | €195,152 | €88,765 | -€106,387 | -54.5% |
| Operating profit (loss) | 9901 | €177,644 | €71,771 | -€105,873 | -59.6% |
| Financial income | 75/76B | €11,107 | €11,312 | +€204 | +1.8% |
| Recurring financial income | 75 | €11,107 | €11,312 | +€204 | +1.8% |
| Financial charges | 65/66B | €199 | €17,847 | +€17,647 | +8,854% |
| Recurring financial charges | 65 | €199 | €17,847 | +€17,647 | +8,854% |
| Profit (loss) for the period before taxes | 9903 | €188,552 | €65,236 | -€123,316 | -65.4% |
| Income taxes | 67/77 | €63,276 | €23,677 | -€39,599 | -62.6% |
| Profit (loss) for the period | 9904 | €125,276 | €41,559 | -€83,717 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €125,276 | €41,559 | -€83,717 | -66.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.