HODHOD: what changed
What changed
HODHOD
filed annual accounts (NBB)
Net result for the year
-€100,340
2024 · -€102,253+€1,914
Equity
€330,870
2024 · €431,210-€100,340
Cash
€131
2024 · €1,441-€1,310
Balance sheet total
€1.8m
2024 · €1.9m-€144,657
Largest movements
Assets
- Tangible fixed assets -€78,425
down €78,425 (-4.2%), from €1.8m to €1.8m
- Receivables within one year -€59,131
no longer reported in 2025 (was €59,131)
Equity and liabilities
- Profit (loss) carried forward -€99,673
down €99,673 (-97.9%), from -€101,793 to -€201,467
- Debts after one year -€80,077
down €80,077 (-7.1%), from €1.1m to €1.0m
- Current portion of long-term debt +€51,700
up €51,700 (+182%), from €28,377 to €80,077
Income statement
- Financial charges -€19,165
down €19,165 (-27.8%), from €68,945 to €49,779
- Other operating charges +€18,298
up €18,298 (+144%), from €12,701 to €30,999
- Gross operating margin +€1,687
up €1,687 (+3.0%), from €56,831 to €58,518
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
-€102,253
Gross operating margin
+€1,687
Depreciation
-€313
Other operating charges
-€18,298
Financial income
-€434
Financial charges
+€19,165
Deferred taxes and other
+€106
Result 2025
-€100,340
raises the resultlowers the resultnot broken down further in the accounts
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
+€27,462
Investment
€0
Financing
-€28,773
Cash 2024
€1,441
From operations (derived)
+€27,462
Net result for the year
-€100,340
Depreciation
+€78,425
Receivables within one year
+€59,131
Deferred charges and accrued income
+€5,790
Provisions
-€343
Trade debts
-€5,520
Tax, wage and social debts
-€2,412
Other debts
-€7,269
Financing
-€28,773
Debts after one year
-€80,077
Current portion of long-term debt
+€51,700
Short-term financial debts
-€396
Cash 2025
€131
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,917,488 | €1,772,832 | -€144,657 | -7.5% |
| Fixed assets | 21/28 | €1,848,683 | €1,770,258 | -€78,425 | -4.2% |
| Tangible fixed assets | 22/27 | €1,848,683 | €1,770,258 | -€78,425 | -4.2% |
| Land and buildings | 22 | €1,848,683 | €1,770,258 | -€78,425 | -4.2% |
| Current assets | 29/58 | €68,805 | €2,574 | -€66,232 | -96.3% |
| Amounts receivable within one year | 40/41 | €59,131 | - | -€59,131 | |
| Other amounts receivable | 41 | €59,131 | - | -€59,131 | |
| Cash at bank and in hand | 54/58 | €1,441 | €131 | -€1,310 | -90.9% |
| Deferred charges and accrued income | 490/1 | €8,233 | €2,443 | -€5,790 | -70.3% |
| Total equity and liabilities | 10/49 | €1,917,488 | €1,772,832 | -€144,657 | -7.5% |
| Equity | 10/15 | €431,210 | €330,870 | -€100,340 | -23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €514,403 | €513,737 | -€666 | -0.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €57,660 | €56,993 | -€666 | -1.2% |
| Distributable reserves | 133 | €454,883 | €456,743 | +€1,860 | +0.4% |
| Profit (loss) carried forward | 14 | -€101,793 | -€201,467 | -€99,673 | -97.9% |
| Provisions and deferred taxes | 16 | €19,136 | €18,793 | -€343 | -1.8% |
| Deferred taxes | 168 | €19,136 | €18,793 | -€343 | -1.8% |
| Amounts payable | 17/49 | €1,467,142 | €1,423,169 | -€43,974 | -3.0% |
| Amounts payable after more than one year | 17 | €1,127,015 | €1,046,938 | -€80,077 | -7.1% |
| Financial debts | 170/4 | €1,127,015 | €1,046,938 | -€80,077 | -7.1% |
| Amounts payable within one year | 42/48 | €340,128 | €376,231 | +€36,103 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €28,377 | €80,077 | +€51,700 | +182% |
| Financial debts | 43 | €2,975 | €2,579 | -€396 | -13.3% |
| Credit institutions | 430/8 | €2,975 | €2,579 | -€396 | -13.3% |
| Trade debts | 44 | €8,219 | €2,698 | -€5,520 | -67.2% |
| Suppliers | 440/4 | €8,219 | €2,698 | -€5,520 | -67.2% |
| Taxes, remuneration and social security | 45 | €10,610 | €8,198 | -€2,412 | -22.7% |
| Taxes | 450/3 | €10,610 | €8,198 | -€2,412 | -22.7% |
| Other amounts payable | 47/48 | €289,947 | €282,679 | -€7,269 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,113 | €78,425 | +€313 | +0.4% |
| Other operating charges | 640/8 | €12,701 | €30,999 | +€18,298 | +144% |
| Gross operating margin | 9900 | €56,831 | €58,518 | +€1,687 | +3.0% |
| Operating profit (loss) | 9901 | -€33,982 | -€50,906 | -€16,924 | -49.8% |
| Financial income | 75/76B | €436 | €2 | -€434 | -99.5% |
| Recurring financial income | 75 | €436 | €2 | -€434 | -99.5% |
| Financial charges | 65/66B | €68,945 | €49,779 | -€19,165 | -27.8% |
| Recurring financial charges | 65 | €68,945 | €49,779 | -€19,165 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | -€102,490 | -€100,683 | +€1,807 | +1.8% |
| Transfer from deferred taxes | 780 | €237 | €343 | +€106 | +44.8% |
| Profit (loss) for the period | 9904 | -€102,253 | -€100,340 | +€1,914 | +1.9% |
| Transfer from tax-exempt reserves | 789 | €460 | €666 | +€206 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,793 | -€99,673 | +€2,120 | +2.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.