HODIMANAGEMENT: what changed
HODIMANAGEMENT
Largest movements
- Financial fixed assets -€649,538
down €649,538 (-60.8%), from €1.1m to €419,490
- Cash +€298,946
up €298,946 (+159%), from €188,017 to €486,963
mainly Investment in fixed assets (net) (+€334,656) and Other debts (+€327,920)
- Tangible fixed assets +€293,300
up €293,300 (+91.3%), from €321,245 to €614,545
of which Land and buildings: +€292,191
- Profit (loss) carried forward -€617,260
down €617,260 (-36.9%), from €1.7m to €1.1m
- Other debts +€327,920
up €327,920 (+6,531%), from €5,021 to €332,941
- Debts after one year +€141,190
up €141,190 (+69.2%), from €204,078 to €345,268
- Tax, wage and social debts +€96,049
up €96,049 (+493%), from €19,487 to €115,536
- Gross operating margin -€40,949
down €40,949 (-61.0%), from €67,131 to €26,182
- Financial income +€38,048
up €38,048 (+81.6%), from €46,641 to €84,688
- Financial charges -€8,157
down €8,157 (-74.8%), from €10,911 to €2,755
- Taxes +€5,828
up €5,828 (+30.1%), from €19,341 to €25,169
- Depreciation +€2,464
up €2,464 (+12.9%), from €19,119 to €21,582
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,146,794 | €2,101,405 | -€45,388 | -2.1% |
| Fixed assets | 21/28 | €1,390,273 | €1,034,034 | -€356,238 | -25.6% |
| Tangible fixed assets | 22/27 | €321,245 | €614,545 | +€293,300 | +91.3% |
| Land and buildings | 22 | €318,210 | €610,401 | +€292,191 | +91.8% |
| Furniture and vehicles | 24 | €3,035 | €4,143 | +€1,108 | +36.5% |
| Financial fixed assets | 28 | €1,069,028 | €419,490 | -€649,538 | -60.8% |
| Current assets | 29/58 | €756,521 | €1,067,371 | +€310,850 | +41.1% |
| Amounts receivable within one year | 40/41 | €2,045 | €51 | -€1,994 | -97.5% |
| Other amounts receivable | 41 | €2,045 | €51 | -€1,994 | -97.5% |
| Current investments | 50/53 | €565,361 | €577,869 | +€12,508 | +2.2% |
| Cash at bank and in hand | 54/58 | €188,017 | €486,963 | +€298,946 | +159% |
| Deferred charges and accrued income | 490/1 | €1,098 | €2,489 | +€1,390 | +127% |
| Total equity and liabilities | 10/49 | €2,146,794 | €2,101,405 | -€45,388 | -2.1% |
| Equity | 10/15 | €1,902,238 | €1,284,977 | -€617,260 | -32.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €207,000 | €207,000 | = | 0.0% |
| Distributable reserves | 133 | €207,000 | €207,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,674,778 | €1,057,517 | -€617,260 | -36.9% |
| Amounts payable | 17/49 | €244,556 | €816,428 | +€571,872 | +234% |
| Amounts payable after more than one year | 17 | €204,078 | €345,268 | +€141,190 | +69.2% |
| Financial debts | 170/4 | €204,078 | €345,268 | +€141,190 | +69.2% |
| Amounts payable within one year | 42/48 | €40,436 | €471,159 | +€430,724 | +1,065% |
| Current portion of amounts payable after more than one year | 42 | €12,816 | €21,310 | +€8,495 | +66.3% |
| Trade debts | 44 | €3,113 | €1,372 | -€1,741 | -55.9% |
| Suppliers | 440/4 | €3,113 | €1,372 | -€1,741 | -55.9% |
| Taxes, remuneration and social security | 45 | €19,487 | €115,536 | +€96,049 | +493% |
| Taxes | 450/3 | €19,487 | €115,536 | +€96,049 | +493% |
| Other amounts payable | 47/48 | €5,021 | €332,941 | +€327,920 | +6,531% |
| Accrued charges and deferred income | 492/3 | €42 | €0 | -€42 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,119 | €21,582 | +€2,464 | +12.9% |
| Other operating charges | 640/8 | €4,000 | €3,625 | -€375 | -9.4% |
| Gross operating margin | 9900 | €67,131 | €26,182 | -€40,949 | -61.0% |
| Operating profit (loss) | 9901 | €44,012 | €975 | -€43,037 | -97.8% |
| Financial income | 75/76B | €46,641 | €84,688 | +€38,048 | +81.6% |
| Recurring financial income | 75 | €46,641 | €84,688 | +€38,048 | +81.6% |
| Financial charges | 65/66B | €10,911 | €2,755 | -€8,157 | -74.8% |
| Recurring financial charges | 65 | €10,911 | €2,755 | -€8,157 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | €79,742 | €82,909 | +€3,167 | +4.0% |
| Income taxes | 67/77 | €19,341 | €25,169 | +€5,828 | +30.1% |
| Profit (loss) for the period | 9904 | €60,401 | €57,740 | -€2,661 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,401 | €57,740 | -€2,661 | -4.4% |
Next steps
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.