HODERICA: 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.
HODERICA
Largest movements
- Tangible fixed assets -€12,330
down €12,330 (-28.2%), from €43,700 to €31,370
of which Leasing and similar rights: -€6,781
- Cash +€9,422
up €9,422 (+93.7%), from €10,053 to €19,475
mainly Tax, wage and social debts (+€44,948) and Other debts (+€19,732)
- Receivables within one year +€6,398
up €6,398 (+59.9%), from €10,688 to €17,086
of which Other amounts receivable: +€5,459
- Stocks and contracts -€4,050
down €4,050 (-13.6%), from €29,679 to €25,629
- Tax, wage and social debts +€44,948
up €44,948 (+231%), from €19,457 to €64,405
of which Remuneration and social security: +€39,303
- Profit (loss) carried forward -€37,411
down €37,411 (-53.4%), from -€70,043 to -€107,454
- Other debts +€19,732
up €19,732 (+61.1%), from €32,294 to €52,026
- Trade debts -€12,136
down €12,136 (-21.4%), from €56,579 to €44,443
- Short-term financial debts -€10,032
down €10,032 (-100%), from €10,032 to €0
- Staff costs +€22,437
up €22,437 (+11.4%), from €196,401 to €218,838
- Gross operating margin -€13,901
down €13,901 (-6.4%), from €215,645 to €201,744
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 | €96,030 | €94,715 | -€1,314 | -1.4% |
| Fixed assets | 21/28 | €43,999 | €31,670 | -€12,330 | -28.0% |
| Tangible fixed assets | 22/27 | €43,700 | €31,370 | -€12,330 | -28.2% |
| Land and buildings | 22 | €6,917 | €4,406 | -€2,511 | -36.3% |
| Plant, machinery and equipment | 23 | €9,659 | €6,621 | -€3,038 | -31.5% |
| Leasing and similar rights | 25 | €27,124 | €20,343 | -€6,781 | -25.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €52,030 | €63,046 | +€11,015 | +21.2% |
| Stocks and contracts in progress | 3 | €29,679 | €25,629 | -€4,050 | -13.6% |
| Stocks | 30/36 | €29,679 | €25,629 | -€4,050 | -13.6% |
| Amounts receivable within one year | 40/41 | €10,688 | €17,086 | +€6,398 | +59.9% |
| Trade receivables | 40 | €567 | €1,505 | +€938 | +165% |
| Other amounts receivable | 41 | €10,121 | €15,581 | +€5,459 | +53.9% |
| Cash at bank and in hand | 54/58 | €10,053 | €19,475 | +€9,422 | +93.7% |
| Deferred charges and accrued income | 490/1 | €1,611 | €856 | -€755 | -46.9% |
| Total equity and liabilities | 10/49 | €96,030 | €94,715 | -€1,314 | -1.4% |
| Equity | 10/15 | -€51,443 | -€88,854 | -€37,411 | -72.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€70,043 | -€107,454 | -€37,411 | -53.4% |
| Amounts payable | 17/49 | €147,473 | €183,570 | +€36,097 | +24.5% |
| Amounts payable after more than one year | 17 | €17,807 | €11,170 | -€6,637 | -37.3% |
| Financial debts | 170/4 | €17,807 | €11,170 | -€6,637 | -37.3% |
| Amounts payable within one year | 42/48 | €124,870 | €167,512 | +€42,642 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €6,507 | €6,637 | +€131 | +2.0% |
| Financial debts | 43 | €10,032 | €0 | -€10,032 | -100% |
| Credit institutions | 430/8 | €10,032 | €0 | -€10,032 | -100% |
| Trade debts | 44 | €56,579 | €44,443 | -€12,136 | -21.4% |
| Suppliers | 440/4 | €56,579 | €44,443 | -€12,136 | -21.4% |
| Taxes, remuneration and social security | 45 | €19,457 | €64,405 | +€44,948 | +231% |
| Taxes | 450/3 | €9,841 | €15,486 | +€5,645 | +57.4% |
| Remuneration and social security | 454/9 | €9,616 | €48,919 | +€39,303 | +409% |
| Other amounts payable | 47/48 | €32,294 | €52,026 | +€19,732 | +61.1% |
| Accrued charges and deferred income | 492/3 | €4,796 | €4,888 | +€92 | +1.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €196,401 | €218,838 | +€22,437 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,794 | €12,330 | +€536 | +4.5% |
| Other operating charges | 640/8 | €3,213 | €2,990 | -€224 | -7.0% |
| Gross operating margin | 9900 | €215,645 | €201,744 | -€13,901 | -6.4% |
| Operating profit (loss) | 9901 | €4,237 | -€32,413 | -€36,650 | |
| Financial income | 75/76B | €34 | €52 | +€18 | +51.3% |
| Recurring financial income | 75 | €34 | €52 | +€18 | +51.3% |
| Financial charges | 65/66B | €3,969 | €4,863 | +€893 | +22.5% |
| Recurring financial charges | 65 | €3,969 | €4,863 | +€893 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €302 | -€37,224 | -€37,526 | |
| Income taxes | 67/77 | €141 | €187 | +€46 | +32.5% |
| Profit (loss) for the period | 9904 | €161 | -€37,411 | -€37,572 | |
| Profit (loss) for the period to be appropriated | 9905 | €161 | -€37,411 | -€37,572 |
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 31 October 2026 via checked.be.