HOEBANCKX: 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.
HOEBANCKX
Largest movements
- Tangible fixed assets +€11,333
up €11,333 (+224%), from €5,062 to €16,395
of which Plant, machinery and equipment: +€10,961
- Cash -€8,367
down €8,367 (-23.2%), from €36,013 to €27,645
mainly Investment in fixed assets (net) (-€13,527) and Trade debts (-€4,565)
- Receivables within one year +€3,602
up €3,602 (+42.9%), from €8,393 to €11,995
of which Trade receivables: +€4,942
- Deferred charges and accrued income +€2,169
up €2,169, from €0 to €2,169
- Debts after one year +€6,834
new in 2025: €6,834
- Profit (loss) carried forward +€5,676
up €5,676 (+366%), from €1,552 to €7,229
- Trade debts -€4,565
down €4,565 (-43.7%), from €10,441 to €5,876
- Other debts -€4,354
down €4,354 (-31.1%), from €14,000 to €9,646
- Current portion of long-term debt +€3,888
new in 2025: €3,888
- Gross operating margin +€29,915
up €29,915 (+96.4%), from €31,044 to €60,959
- Staff costs +€20,407
up €20,407 (+70.8%), from €28,825 to €49,233
- Taxes +€1,200
up €1,200, from €0 to €1,200
- Depreciation +€913
up €913 (+71.3%), from €1,281 to €2,194
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 | €49,467 | €58,204 | +€8,737 | +17.7% |
| Fixed assets | 21/28 | €5,062 | €16,395 | +€11,333 | +224% |
| Tangible fixed assets | 22/27 | €5,062 | €16,395 | +€11,333 | +224% |
| Plant, machinery and equipment | 23 | €5,062 | €16,023 | +€10,961 | +217% |
| Furniture and vehicles | 24 | €0 | €372 | +€372 | |
| Current assets | 29/58 | €44,406 | €41,809 | -€2,596 | -5.8% |
| Amounts receivable within one year | 40/41 | €8,393 | €11,995 | +€3,602 | +42.9% |
| Trade receivables | 40 | €4,552 | €9,494 | +€4,942 | +109% |
| Other amounts receivable | 41 | €3,841 | €2,500 | -€1,340 | -34.9% |
| Cash at bank and in hand | 54/58 | €36,013 | €27,645 | -€8,367 | -23.2% |
| Deferred charges and accrued income | 490/1 | €0 | €2,169 | +€2,169 | |
| Total equity and liabilities | 10/49 | €49,467 | €58,204 | +€8,737 | +17.7% |
| Equity | 10/15 | €19,612 | €23,429 | +€3,816 | +19.5% |
| Contributions | 10/11 | €8,060 | €6,200 | -€1,860 | -23.1% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,552 | €7,229 | +€5,676 | +366% |
| Amounts payable | 17/49 | €29,855 | €34,775 | +€4,921 | +16.5% |
| Amounts payable after more than one year | 17 | - | €6,834 | +€6,834 | |
| Financial debts | 170/4 | - | €6,834 | +€6,834 | |
| Amounts payable within one year | 42/48 | €29,855 | €27,941 | -€1,913 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | - | €3,888 | +€3,888 | |
| Trade debts | 44 | €10,441 | €5,876 | -€4,565 | -43.7% |
| Suppliers | 440/4 | €10,441 | €5,876 | -€4,565 | -43.7% |
| Taxes, remuneration and social security | 45 | €5,413 | €8,531 | +€3,118 | +57.6% |
| Taxes | 450/3 | €1,045 | €3,773 | +€2,728 | +261% |
| Remuneration and social security | 454/9 | €4,368 | €4,758 | +€390 | +8.9% |
| Other amounts payable | 47/48 | €14,000 | €9,646 | -€4,354 | -31.1% |
| Remuneration, social security and pensions | 62 | €28,825 | €49,233 | +€20,407 | +70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,281 | €2,194 | +€913 | +71.3% |
| Other operating charges | 640/8 | €387 | €512 | +€125 | +32.2% |
| Gross operating margin | 9900 | €31,044 | €60,959 | +€29,915 | +96.4% |
| Operating profit (loss) | 9901 | €550 | €9,020 | +€8,470 | +1,540% |
| Financial income | 75/76B | €156 | €438 | +€283 | +182% |
| Recurring financial income | 75 | €156 | €438 | +€283 | +182% |
| Financial charges | 65/66B | €139 | €442 | +€303 | +218% |
| Recurring financial charges | 65 | €139 | €442 | +€303 | +218% |
| Profit (loss) for the period before taxes | 9903 | €567 | €9,016 | +€8,450 | +1,492% |
| Income taxes | 67/77 | €0 | €1,200 | +€1,200 | |
| Profit (loss) for the period | 9904 | €567 | €7,816 | +€7,250 | +1,280% |
| Profit (loss) for the period to be appropriated | 9905 | €567 | €7,816 | +€7,250 | +1,280% |
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 19 October 2026 via checked.be.