HOEDEHUT: 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.
HOEDEHUT
Largest movements
- Receivables within one year +€2.8m
up €2.8m (+101%), from €2.8m to €5.6m
of which Other amounts receivable: +€2.8m
- Financial fixed assets -€1.2m
down €1.2m (-5.3%), from €23.5m to €22.2m
- Profit (loss) carried forward +€1.4m
up €1.4m (+20.4%), from €6.9m to €8.3m
- Financial income +€1.9m
up €1.9m (+620%), from €303,186 to €2.2m
of which Financial income: +€2.0m
- Financial charges -€137,023
down €137,023 (-28.3%), from €484,460 to €347,437
of which Non-recurring financial charges: -€145,151
- Gross operating margin -€87,788
down €87,788 (-43.8%), from €200,644 to €112,856
- Taxes +€63,800
up €63,800 (+58.1%), from €109,785 to €173,585
- Other operating charges -€4,587
down €4,587 (-48.6%), from €9,430 to €4,844
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 | €26,583,410 | €27,990,320 | +€1.4m | +5.3% |
| Fixed assets | 21/28 | €23,567,234 | €22,311,070 | -€1.3m | -5.3% |
| Tangible fixed assets | 22/27 | €87,776 | €66,110 | -€21,667 | -24.7% |
| Furniture and vehicles | 24 | €87,776 | €66,110 | -€21,667 | -24.7% |
| Financial fixed assets | 28 | €23,479,458 | €22,244,960 | -€1.2m | -5.3% |
| Current assets | 29/58 | €3,016,175 | €5,679,250 | +€2.7m | +88.3% |
| Amounts receivable within one year | 40/41 | €2,768,801 | €5,573,803 | +€2.8m | +101% |
| Trade receivables | 40 | €41,850 | €20,000 | -€21,850 | -52.2% |
| Other amounts receivable | 41 | €2,726,951 | €5,553,803 | +€2.8m | +104% |
| Cash at bank and in hand | 54/58 | €246,714 | €105,447 | -€141,268 | -57.3% |
| Deferred charges and accrued income | 490/1 | €660 | - | -€660 | |
| Total equity and liabilities | 10/49 | €26,583,410 | €27,990,320 | +€1.4m | +5.3% |
| Equity | 10/15 | €26,416,941 | €27,816,318 | +€1.4m | +5.3% |
| Contributions | 10/11 | €19,395,395 | €19,395,395 | = | 0.0% |
| Capital | 10 | €19,395,395 | €19,395,395 | = | 0.0% |
| Issued capital | 100 | €19,395,395 | €19,395,395 | = | 0.0% |
| Reserves | 13 | €150,000 | €150,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,871,546 | €8,270,923 | +€1.4m | +20.4% |
| Amounts payable | 17/49 | €166,469 | €174,002 | +€7,533 | +4.5% |
| Amounts payable within one year | 42/48 | €166,469 | €174,002 | +€7,533 | +4.5% |
| Trade debts | 44 | €265 | €686 | +€422 | +159% |
| Suppliers | 440/4 | €265 | €686 | +€422 | +159% |
| Taxes, remuneration and social security | 45 | €156,638 | €162,911 | +€6,273 | +4.0% |
| Taxes | 450/3 | €156,638 | €162,911 | +€6,273 | +4.0% |
| Other amounts payable | 47/48 | €9,566 | €10,404 | +€838 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,667 | €21,667 | = | 0.0% |
| Other operating charges | 640/8 | €9,430 | €4,844 | -€4,587 | -48.6% |
| Gross operating margin | 9900 | €200,644 | €112,856 | -€87,788 | -43.8% |
| Operating profit (loss) | 9901 | €169,548 | €86,346 | -€83,201 | -49.1% |
| Financial income | 75/76B | €303,186 | €2,184,053 | +€1.9m | +620% |
| Recurring financial income | 75 | €195,306 | €2,167,653 | +€2.0m | +1,010% |
| Non-recurring financial income | 76B | €107,880 | €16,400 | -€91,480 | -84.8% |
| Financial charges | 65/66B | €484,460 | €347,437 | -€137,023 | -28.3% |
| Recurring financial charges | 65 | €16,725 | €24,853 | +€8,128 | +48.6% |
| Non-recurring financial charges | 66B | €467,735 | €322,584 | -€145,151 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,726 | €1,922,962 | +€1.9m | |
| Income taxes | 67/77 | €109,785 | €173,585 | +€63,800 | +58.1% |
| Profit (loss) for the period | 9904 | -€121,511 | €1,749,377 | +€1.9m | |
| Profit (loss) for the period to be appropriated | 9905 | -€121,511 | €1,749,377 | +€1.9m |
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 18 October 2026 via checked.be.