HOECK RV: 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.
HOECK RV
Largest movements
- Cash -€42,675
down €42,675 (-94.0%), from €45,396 to €2,721
mainly Net result for the year (-€48,436) and Trade debts (-€42,996)
- Tangible fixed assets -€23,407
down €23,407 (-22.7%), from €102,903 to €79,496
of which Furniture and vehicles: -€29,031
- Receivables within one year +€9,408
up €9,408 (+113%), from €8,294 to €17,702
of which Trade receivables: +€14,967
- Reserves -€48,436
down €48,436 (-70.3%), from €68,899 to €20,463
- Trade debts -€42,996
down €42,996 (-85.5%), from €50,311 to €7,315
- Debts after one year +€21,568
new in 2025: €21,568
- Current portion of long-term debt +€9,779
new in 2025: €9,779
- Other debts +€6,080
up €6,080 (+15.7%), from €38,630 to €44,709
- Gross operating margin -€47,274
down €47,274, from €34,223 to -€13,050
- Depreciation +€14,080
up €14,080 (+76.2%), from €18,469 to €32,549
- Taxes -€3,354
down €3,354 (-95.6%), from €3,509 to €156
- Financial charges +€1,324
up €1,324 (+1,415%), from €94 to €1,418
- Other operating charges +€703
up €703 (+125%), from €560 to €1,263
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 | €161,447 | €105,069 | -€56,378 | -34.9% |
| Fixed assets | 21/28 | €102,903 | €79,496 | -€23,407 | -22.7% |
| Tangible fixed assets | 22/27 | €102,903 | €79,496 | -€23,407 | -22.7% |
| Plant, machinery and equipment | 23 | €5,363 | €11,329 | +€5,967 | +111% |
| Furniture and vehicles | 24 | €94,511 | €65,480 | -€29,031 | -30.7% |
| Other tangible fixed assets | 26 | €3,030 | €2,687 | -€343 | -11.3% |
| Current assets | 29/58 | €58,544 | €25,573 | -€32,971 | -56.3% |
| Amounts receivable within one year | 40/41 | €8,294 | €17,702 | +€9,408 | +113% |
| Trade receivables | 40 | €1,599 | €16,565 | +€14,967 | +936% |
| Other amounts receivable | 41 | €6,695 | €1,137 | -€5,558 | -83.0% |
| Cash at bank and in hand | 54/58 | €45,396 | €2,721 | -€42,675 | -94.0% |
| Deferred charges and accrued income | 490/1 | €4,854 | €5,150 | +€296 | +6.1% |
| Total equity and liabilities | 10/49 | €161,447 | €105,069 | -€56,378 | -34.9% |
| Equity | 10/15 | €68,999 | €20,563 | -€48,436 | -70.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €68,899 | €20,463 | -€48,436 | -70.3% |
| Distributable reserves | 133 | €68,899 | €20,463 | -€48,436 | -70.3% |
| Amounts payable | 17/49 | €92,448 | €84,506 | -€7,941 | -8.6% |
| Amounts payable after more than one year | 17 | - | €21,568 | +€21,568 | |
| Financial debts | 170/4 | - | €21,568 | +€21,568 | |
| Amounts payable within one year | 42/48 | €92,448 | €62,939 | -€29,509 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | - | €9,779 | +€9,779 | |
| Trade debts | 44 | €50,311 | €7,315 | -€42,996 | -85.5% |
| Suppliers | 440/4 | €50,311 | €7,315 | -€42,996 | -85.5% |
| Taxes, remuneration and social security | 45 | €3,507 | €1,135 | -€2,372 | -67.6% |
| Taxes | 450/3 | €3,507 | €1,135 | -€2,372 | -67.6% |
| Other amounts payable | 47/48 | €38,630 | €44,709 | +€6,080 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,469 | €32,549 | +€14,080 | +76.2% |
| Other operating charges | 640/8 | €560 | €1,263 | +€703 | +125% |
| Gross operating margin | 9900 | €34,223 | -€13,050 | -€47,274 | |
| Operating profit (loss) | 9901 | €15,194 | -€46,863 | -€62,057 | |
| Financial charges | 65/66B | €94 | €1,418 | +€1,324 | +1,415% |
| Recurring financial charges | 65 | €94 | €1,418 | +€1,324 | +1,415% |
| Profit (loss) for the period before taxes | 9903 | €15,100 | -€48,281 | -€63,381 | |
| Income taxes | 67/77 | €3,509 | €156 | -€3,354 | -95.6% |
| Profit (loss) for the period | 9904 | €11,591 | -€48,436 | -€60,027 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,591 | -€48,436 | -€60,027 |
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 15 October 2026 via checked.be.