HODICA: 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.
HODICA
Largest movements
- Receivables within one year +€61,113
up €61,113 (+51.9%), from €117,821 to €178,935
of which Other amounts receivable: +€40,661
- Tangible fixed assets -€51,539
down €51,539 (-15.7%), from €328,235 to €276,696
of which Land and buildings: -€71,716
- Cash -€44,819
down €44,819 (-55.4%), from €80,854 to €36,035
mainly Contributions, distributions and other (-€300,000) and Current portion of long-term debt (-€165,780)
- Stocks and contracts +€32,422
up €32,422 (+6.4%), from €502,830 to €535,252
- Current portion of long-term debt -€165,780
down €165,780 (-96.5%), from €171,780 to €6,000
- Trade debts +€155,440
up €155,440 (+74.6%), from €208,265 to €363,705
- Advances received -€24,613
down €24,613 (-58.6%), from €41,980 to €17,367
- Tax, wage and social debts +€18,893
up €18,893 (+25.7%), from €73,606 to €92,498
of which Taxes: +€16,192
- Profit (loss) carried forward +€16,867
up €16,867 (+13.0%), from €129,365 to €146,231
- Gross operating margin -€57,057
down €57,057 (-5.0%), from €1.1m to €1.1m
- Staff costs -€26,196
down €26,196 (-5.0%), from €520,716 to €494,520
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,041,996 | €1,036,801 | -€5,194 | -0.5% |
| Fixed assets | 21/28 | €328,235 | €276,696 | -€51,539 | -15.7% |
| Tangible fixed assets | 22/27 | €328,235 | €276,696 | -€51,539 | -15.7% |
| Land and buildings | 22 | €191,674 | €119,958 | -€71,716 | -37.4% |
| Plant, machinery and equipment | 23 | €117,003 | €146,509 | +€29,506 | +25.2% |
| Furniture and vehicles | 24 | €19,557 | €10,229 | -€9,328 | -47.7% |
| Current assets | 29/58 | €713,761 | €760,106 | +€46,345 | +6.5% |
| Stocks and contracts in progress | 3 | €502,830 | €535,252 | +€32,422 | +6.4% |
| Stocks | 30/36 | €502,830 | €535,252 | +€32,422 | +6.4% |
| Amounts receivable within one year | 40/41 | €117,821 | €178,935 | +€61,113 | +51.9% |
| Trade receivables | 40 | €46,664 | €67,117 | +€20,452 | +43.8% |
| Other amounts receivable | 41 | €71,157 | €111,818 | +€40,661 | +57.1% |
| Cash at bank and in hand | 54/58 | €80,854 | €36,035 | -€44,819 | -55.4% |
| Deferred charges and accrued income | 490/1 | €12,255 | €9,883 | -€2,372 | -19.4% |
| Total equity and liabilities | 10/49 | €1,041,996 | €1,036,801 | -€5,194 | -0.5% |
| Equity | 10/15 | €228,365 | €245,231 | +€16,867 | +7.4% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €9,000 | €9,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,365 | €146,231 | +€16,867 | +13.0% |
| Amounts payable | 17/49 | €813,631 | €791,570 | -€22,061 | -2.7% |
| Amounts payable after more than one year | 17 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Financial debts | 170/4 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Amounts payable within one year | 42/48 | €795,631 | €779,570 | -€16,061 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €171,780 | €6,000 | -€165,780 | -96.5% |
| Trade debts | 44 | €208,265 | €363,705 | +€155,440 | +74.6% |
| Suppliers | 440/4 | €208,265 | €363,705 | +€155,440 | +74.6% |
| Advances received on contracts in progress | 46 | €41,980 | €17,367 | -€24,613 | -58.6% |
| Taxes, remuneration and social security | 45 | €73,606 | €92,498 | +€18,893 | +25.7% |
| Taxes | 450/3 | - | €16,192 | +€16,192 | |
| Remuneration and social security | 454/9 | €73,606 | €76,306 | +€2,701 | +3.7% |
| Other amounts payable | 47/48 | €300,000 | €300,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €520,716 | €494,520 | -€26,196 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,649 | €110,139 | +€6,489 | +6.3% |
| Other operating charges | 640/8 | €26,002 | €26,762 | +€760 | +2.9% |
| Gross operating margin | 9900 | €1,133,213 | €1,076,156 | -€57,057 | -5.0% |
| Operating profit (loss) | 9901 | €482,846 | €444,736 | -€38,109 | -7.9% |
| Financial income | 75/76B | €16,913 | €9,682 | -€7,231 | -42.8% |
| Recurring financial income | 75 | €16,913 | €9,682 | -€7,231 | -42.8% |
| Financial charges | 65/66B | €31,264 | €29,535 | -€1,729 | -5.5% |
| Recurring financial charges | 65 | €31,264 | €29,535 | -€1,729 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €468,495 | €424,883 | -€43,612 | -9.3% |
| Income taxes | 67/77 | €118,954 | €108,017 | -€10,937 | -9.2% |
| Profit (loss) for the period | 9904 | €349,541 | €316,867 | -€32,674 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €349,541 | €316,867 | -€32,674 | -9.3% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.