HOEBERG: 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.
HOEBERG
Largest movements
- Receivables within one year -€29,566
down €29,566 (-40.9%), from €72,337 to €42,771
of which Trade receivables: -€26,136
- Tangible fixed assets -€5,584
down €5,584 (-15.6%), from €35,900 to €30,316
- Cash -€2,067
down €2,067 (-4.3%), from €48,488 to €46,421
mainly Contributions, distributions and other (-€60,000) and Other debts (-€28,758)
- Other debts -€28,758
down €28,758 (-30.3%), from €95,000 to €66,242
- Profit (loss) carried forward -€18,419
no longer reported in 2025 (was €18,419)
- Reserves +€11,788
up €11,788 (+634%), from €1,860 to €13,648
- Tax, wage and social debts -€9,582
down €9,582 (-41.2%), from €23,232 to €13,650
of which Taxes: -€12,557
- Trade debts +€7,305
up €7,305 (+533%), from €1,372 to €8,676
- Gross operating margin -€38,508
down €38,508 (-31.5%), from €122,204 to €83,696
- Taxes -€10,285
down €10,285 (-40.6%), from €25,308 to €15,022
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 | €158,832 | €120,817 | -€38,015 | -23.9% |
| Fixed assets | 21/28 | €35,900 | €30,316 | -€5,584 | -15.6% |
| Tangible fixed assets | 22/27 | €35,900 | €30,316 | -€5,584 | -15.6% |
| Land and buildings | 22 | €3,328 | €2,869 | -€459 | -13.8% |
| Plant, machinery and equipment | 23 | €5,874 | €5,027 | -€847 | -14.4% |
| Furniture and vehicles | 24 | €14,443 | €12,586 | -€1,857 | -12.9% |
| Other tangible fixed assets | 26 | €12,255 | €9,834 | -€2,422 | -19.8% |
| Current assets | 29/58 | €122,932 | €90,501 | -€32,431 | -26.4% |
| Amounts receivable within one year | 40/41 | €72,337 | €42,771 | -€29,566 | -40.9% |
| Trade receivables | 40 | €66,429 | €40,293 | -€26,136 | -39.3% |
| Other amounts receivable | 41 | €5,908 | €2,478 | -€3,430 | -58.1% |
| Cash at bank and in hand | 54/58 | €48,488 | €46,421 | -€2,067 | -4.3% |
| Deferred charges and accrued income | 490/1 | €2,108 | €1,310 | -€798 | -37.9% |
| Total equity and liabilities | 10/49 | €158,832 | €120,817 | -€38,015 | -23.9% |
| Equity | 10/15 | €38,879 | €32,248 | -€6,631 | -17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €13,648 | +€11,788 | +634% |
| Distributable reserves | 133 | €1,860 | €13,648 | +€11,788 | +634% |
| Profit (loss) carried forward | 14 | €18,419 | - | -€18,419 | |
| Amounts payable | 17/49 | €119,954 | €88,569 | -€31,385 | -26.2% |
| Amounts payable within one year | 42/48 | €119,604 | €88,569 | -€31,035 | -25.9% |
| Trade debts | 44 | €1,372 | €8,676 | +€7,305 | +533% |
| Suppliers | 440/4 | €1,372 | €8,676 | +€7,305 | +533% |
| Taxes, remuneration and social security | 45 | €23,232 | €13,650 | -€9,582 | -41.2% |
| Taxes | 450/3 | €23,232 | €10,675 | -€12,557 | -54.0% |
| Remuneration and social security | 454/9 | - | €2,975 | +€2,975 | |
| Other amounts payable | 47/48 | €95,000 | €66,242 | -€28,758 | -30.3% |
| Accrued charges and deferred income | 492/3 | €350 | - | -€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,176 | €6,909 | +€733 | +11.9% |
| Other operating charges | 640/8 | €2,363 | €2,482 | +€119 | +5.1% |
| Gross operating margin | 9900 | €122,204 | €83,696 | -€38,508 | -31.5% |
| Operating profit (loss) | 9901 | €113,665 | €74,305 | -€39,360 | -34.6% |
| Financial income | 75/76B | €157 | €3 | -€154 | -98.1% |
| Recurring financial income | 75 | €157 | €3 | -€154 | -98.1% |
| Financial charges | 65/66B | €5,740 | €5,916 | +€176 | +3.1% |
| Recurring financial charges | 65 | €5,740 | €5,916 | +€176 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €108,082 | €68,392 | -€39,690 | -36.7% |
| Income taxes | 67/77 | €25,308 | €15,022 | -€10,285 | -40.6% |
| Profit (loss) for the period | 9904 | €82,774 | €53,369 | -€29,405 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €82,774 | €53,369 | -€29,405 | -35.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.