HOEBEEK - ROELANDS: 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.
HOEBEEK - ROELANDS
Largest movements
- Cash +€232,073
up €232,073 (+134%), from €173,325 to €405,399
mainly Other debts (+€277,779) and Current investments (+€177,572)
- Current investments -€177,572
down €177,572 (-8.7%), from €2.0m to €1.9m
- Other debts +€277,779
up €277,779 (+920%), from €30,199 to €307,977
- Reserves -€275,222
down €275,222 (-13.8%), from €2.0m to €1.7m
of which Distributable reserves: -€270,225
- Tax, wage and social debts +€46,521
up €46,521 (+519%), from €8,963 to €55,484
- Financial income +€63,281
up €63,281 (+45.5%), from €138,987 to €202,268
of which Non-recurring financial income: +€77,773
- Financial charges +€32,227
up €32,227 (+50.8%), from €63,423 to €95,650
of which Non-recurring financial charges: +€32,958
- Taxes +€27,694
up €27,694 (+130%), from €21,257 to €48,951
- Gross operating margin +€5,885
up €5,885 (+78.6%), from €7,485 to €13,370
- Other operating charges +€169
up €169 (+3.2%), from €5,301 to €5,470
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 | €2,690,246 | €2,736,636 | +€46,391 | +1.7% |
| Fixed assets | 21/28 | €480,643 | €460,063 | -€20,580 | -4.3% |
| Tangible fixed assets | 22/27 | €480,643 | €460,063 | -€20,580 | -4.3% |
| Land and buildings | 22 | €479,953 | €457,770 | -€22,183 | -4.6% |
| Furniture and vehicles | 24 | €691 | €2,293 | +€1,602 | +232% |
| Current assets | 29/58 | €2,209,602 | €2,276,573 | +€66,971 | +3.0% |
| Amounts receivable within one year | 40/41 | €1,645 | €14,115 | +€12,470 | +758% |
| Other amounts receivable | 41 | €1,645 | €14,115 | +€12,470 | +758% |
| Current investments | 50/53 | €2,034,632 | €1,857,060 | -€177,572 | -8.7% |
| Cash at bank and in hand | 54/58 | €173,325 | €405,399 | +€232,073 | +134% |
| Total equity and liabilities | 10/49 | €2,690,246 | €2,736,636 | +€46,391 | +1.7% |
| Equity | 10/15 | €2,598,575 | €2,323,353 | -€275,222 | -10.6% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €1,998,575 | €1,723,353 | -€275,222 | -13.8% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €114,070 | €109,074 | -€4,997 | -4.4% |
| Distributable reserves | 133 | €1,824,504 | €1,554,279 | -€270,225 | -14.8% |
| Provisions and deferred taxes | 16 | €52,339 | €49,765 | -€2,574 | -4.9% |
| Deferred taxes | 168 | €52,339 | €49,765 | -€2,574 | -4.9% |
| Amounts payable | 17/49 | €39,331 | €363,518 | +€324,187 | +824% |
| Amounts payable within one year | 42/48 | €39,331 | €363,518 | +€324,187 | +824% |
| Trade debts | 44 | €170 | €57 | -€113 | -66.4% |
| Suppliers | 440/4 | €170 | €57 | -€113 | -66.4% |
| Taxes, remuneration and social security | 45 | €8,963 | €55,484 | +€46,521 | +519% |
| Taxes | 450/3 | €8,963 | €55,484 | +€46,521 | +519% |
| Other amounts payable | 47/48 | €30,199 | €307,977 | +€277,779 | +920% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,595 | €22,650 | +€55 | +0.2% |
| Other operating charges | 640/8 | €5,301 | €5,470 | +€169 | +3.2% |
| Gross operating margin | 9900 | €7,485 | €13,370 | +€5,885 | +78.6% |
| Operating profit (loss) | 9901 | -€20,411 | -€14,750 | +€5,661 | +27.7% |
| Financial income | 75/76B | €138,987 | €202,268 | +€63,281 | +45.5% |
| Recurring financial income | 75 | €44,909 | €30,416 | -€14,492 | -32.3% |
| Non-recurring financial income | 76B | €94,079 | €171,852 | +€77,773 | +82.7% |
| Financial charges | 65/66B | €63,423 | €95,650 | +€32,227 | +50.8% |
| Recurring financial charges | 65 | €10,699 | €9,968 | -€731 | -6.8% |
| Non-recurring financial charges | 66B | €52,723 | €85,681 | +€32,958 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €55,153 | €91,868 | +€36,715 | +66.6% |
| Transfer from deferred taxes | 780 | €2,574 | €2,574 | = | 0.0% |
| Income taxes | 67/77 | €21,257 | €48,951 | +€27,694 | +130% |
| Profit (loss) for the period | 9904 | €36,471 | €45,491 | +€9,020 | +24.7% |
| Transfer from tax-exempt reserves | 789 | €4,997 | €4,997 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,468 | €50,488 | +€9,020 | +21.8% |
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 28 October 2026 via checked.be.