HOCUS-POCUS: 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.
HOCUS-POCUS
Largest movements
- Receivables within one year +€222,741
up €222,741 (+586.6%), from €37,970 to €260,711
of which Other amounts receivable: +€210,640
- Tangible fixed assets +€110,066
up €110,066 (+10.6%), from €1.0m to €1.1m
of which Assets under construction and advance payments: +€96,800
- Cash +€37,648
up €37,648 (+28.4%), from €132,475 to €170,123
mainly Net result for the year (+€432,178) and Depreciation (+€119,333)
- Reserves +€600,000
new in 2025: €600,000
- Debts after one year -€168,032
down €168,032 (-26.1%), from €644,432 to €476,400
- Profit (loss) carried forward -€167,822
down €167,822 (-53.0%), from €316,791 to €148,969
- Debts within one year +€68,485
up €68,485 (+14.9%), from €458,461 to €526,946
of which Trade debts: +€196,113
- Provisions +€61,000
up €61,000 (+871.4%), from €7,000 to €68,000
- Gross operating margin +€286,347
up €286,347 (+16.0%), from €1.8m to €2.1m
- Financial charges -€146,931
down €146,931 (-81.0%), from €181,448 to €34,517
- Staff costs +€104,167
up €104,167 (+8.3%), from €1.2m to €1.4m
- Purchases and services +€87,638
up €87,638 (+27.3%), from €321,076 to €408,714
- Other operating charges -€34,465
down €34,465 (-99.5%), from €34,623 to €158
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 | €1,708,404 | €2,080,620 | +€372,216 | +21.8% |
| Fixed assets | 21/28 | €1,536,129 | €1,646,195 | +€110,066 | +7.2% |
| Tangible fixed assets | 22/27 | €1,036,129 | €1,146,195 | +€110,066 | +10.6% |
| Land and buildings | 22 | €984,142 | €976,103 | -€8,039 | -0.8% |
| Plant, machinery and equipment | 23 | €15,687 | €17,058 | +€1,371 | +8.7% |
| Furniture and vehicles | 24 | - | €19,934 | +€19,934 | |
| Assets under construction and advance payments | 27 | €36,300 | €133,100 | +€96,800 | +266.7% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €172,275 | €434,425 | +€262,150 | +152.2% |
| Amounts receivable within one year | 40/41 | €37,970 | €260,711 | +€222,741 | +586.6% |
| Trade receivables | 40 | €37,970 | €50,071 | +€12,101 | +31.9% |
| Other amounts receivable | 41 | - | €210,640 | +€210,640 | |
| Cash at bank and in hand | 54/58 | €132,475 | €170,123 | +€37,648 | +28.4% |
| Deferred charges and accrued income | 490/1 | €1,830 | €3,591 | +€1,761 | +96.2% |
| Total equity and liabilities | 10/49 | €1,708,404 | €2,080,620 | +€372,216 | +21.8% |
| Equity | 10/15 | €598,511 | €1,009,274 | +€410,763 | +68.6% |
| Revaluation surpluses | 12 | €281,720 | €260,305 | -€21,415 | -7.6% |
| Reserves | 13 | - | €600,000 | +€600,000 | |
| Profit (loss) carried forward | 14 | €316,791 | €148,969 | -€167,822 | -53.0% |
| Provisions and deferred taxes | 16 | €7,000 | €68,000 | +€61,000 | +871.4% |
| Provisions for liabilities and charges | 160/5 | €7,000 | €68,000 | +€61,000 | +871.4% |
| Taxes | 161 | €2,000 | - | -€2,000 | |
| Major repairs and maintenance | 162 | - | €68,000 | +€68,000 | |
| Environmental obligations | 163 | €5,000 | - | -€5,000 | |
| Amounts payable | 17/49 | €1,102,893 | €1,003,346 | -€99,547 | -9.0% |
| Amounts payable after more than one year | 17 | €644,432 | €476,400 | -€168,032 | -26.1% |
| Financial debts | 170/4 | €644,432 | €476,400 | -€168,032 | -26.1% |
| Amounts payable within one year | 42/48 | €458,461 | €526,946 | +€68,485 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | - | €16,667 | +€16,667 | |
| Trade debts | 44 | €27,474 | €223,587 | +€196,113 | +713.8% |
| Suppliers | 440/4 | €27,474 | €223,587 | +€196,113 | +713.8% |
| Taxes, remuneration and social security | 45 | €296,130 | €209,326 | -€86,804 | -29.3% |
| Taxes | 450/3 | €58,191 | €36,471 | -€21,720 | -37.3% |
| Remuneration and social security | 454/9 | €237,939 | €172,855 | -€65,084 | -27.4% |
| Turnover | 70 | €438,935 | €458,986 | +€20,051 | +4.6% |
| Non-recurring operating income | 76A | €85,256 | €108,232 | +€22,976 | +26.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €321,076 | €408,714 | +€87,638 | +27.3% |
| Remuneration, social security and pensions | 62 | €1,247,853 | €1,352,020 | +€104,167 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,986 | €119,333 | +€2,347 | +2.0% |
| Other operating charges | 640/8 | €34,623 | €158 | -€34,465 | -99.5% |
| Non-recurring operating charges | 66A | - | €54,188 | +€54,188 | |
| Gross operating margin | 9900 | €1,785,933 | €2,072,280 | +€286,347 | +16.0% |
| Operating profit (loss) | 9901 | €381,471 | €485,581 | +€104,110 | +27.3% |
| Financial charges | 65/66B | €181,448 | €34,517 | -€146,931 | -81.0% |
| Recurring financial charges | 65 | €181,448 | €34,517 | -€146,931 | -81.0% |
| Profit (loss) for the period before taxes | 9903 | €200,023 | €451,064 | +€251,041 | +125.5% |
| Income taxes | 67/77 | €6,262 | €18,886 | +€12,624 | +201.6% |
| Profit (loss) for the period | 9904 | €193,761 | €432,178 | +€238,417 | +123.0% |
| Profit (loss) for the period to be appropriated | 9905 | €193,761 | €432,178 | +€238,417 | +123.0% |
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 3 October 2026 via checked.be.