Hoedekens: 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.
Hoedekens
Largest movements
- Receivables within one year -€23,842
down €23,842 (-78.1%), from €30,523 to €6,681
of which Trade receivables: -€20,911
- Tangible fixed assets +€13,230
up €13,230 (+64.5%), from €20,526 to €33,756
of which Plant, machinery and equipment: +€13,234
- Intangible fixed assets +€9,784
new in 2025: €9,784
- Financial fixed assets +€7,800
new in 2025: €7,800
- Cash +€6,952
up €6,952 (+108%), from €6,460 to €13,413
mainly Net result for the year (+€43,721) and Receivables within one year (+€23,842)
- Profit (loss) carried forward +€43,721
up €43,721 (+37.4%), from -€116,846 to -€73,126
- Debts after one year -€12,000
down €12,000 (-30.0%), from €40,000 to €28,000
- Other debts -€9,678
down €9,678 (-27.9%), from €34,708 to €25,030
- Trade debts -€6,943
down €6,943 (-8.1%), from €85,819 to €78,876
- Accrued charges and deferred income -€5,150
down €5,150 (-64.8%), from €7,950 to €2,800
- Gross operating margin +€92,102
up €92,102, from -€4,243 to €87,859
- Staff costs -€20,883
down €20,883 (-37.7%), from €55,327 to €34,445
- Other operating charges -€1,740
down €1,740 (-45.5%), from €3,829 to €2,089
- Depreciation +€1,025
up €1,025 (+20.3%), from €5,037 to €6,062
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 | €66,821 | €80,053 | +€13,232 | +19.8% |
| Fixed assets | 21/28 | €20,526 | €51,339 | +€30,814 | +150% |
| Intangible fixed assets | 21 | - | €9,784 | +€9,784 | |
| Tangible fixed assets | 22/27 | €20,526 | €33,756 | +€13,230 | +64.5% |
| Plant, machinery and equipment | 23 | €14,302 | €27,536 | +€13,234 | +92.5% |
| Other tangible fixed assets | 26 | €6,223 | €6,220 | -€4 | -0.1% |
| Financial fixed assets | 28 | - | €7,800 | +€7,800 | |
| Current assets | 29/58 | €46,296 | €28,714 | -€17,582 | -38.0% |
| Stocks and contracts in progress | 3 | €4,788 | €7,594 | +€2,806 | +58.6% |
| Stocks | 30/36 | €4,788 | €7,594 | +€2,806 | +58.6% |
| Amounts receivable within one year | 40/41 | €30,523 | €6,681 | -€23,842 | -78.1% |
| Trade receivables | 40 | €27,592 | €6,681 | -€20,911 | -75.8% |
| Other amounts receivable | 41 | €2,930 | €0 | -€2,930 | -100% |
| Cash at bank and in hand | 54/58 | €6,460 | €13,413 | +€6,952 | +108% |
| Deferred charges and accrued income | 490/1 | €4,525 | €1,026 | -€3,499 | -77.3% |
| Total equity and liabilities | 10/49 | €66,821 | €80,053 | +€13,232 | +19.8% |
| Equity | 10/15 | -€114,346 | -€70,626 | +€43,721 | +38.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,846 | -€73,126 | +€43,721 | +37.4% |
| Amounts payable | 17/49 | €181,167 | €150,679 | -€30,488 | -16.8% |
| Amounts payable after more than one year | 17 | €40,000 | €28,000 | -€12,000 | -30.0% |
| Other amounts payable | 178/9 | €40,000 | €28,000 | -€12,000 | -30.0% |
| Amounts payable within one year | 42/48 | €133,217 | €119,879 | -€13,338 | -10.0% |
| Trade debts | 44 | €85,819 | €78,876 | -€6,943 | -8.1% |
| Suppliers | 440/4 | €85,819 | €78,876 | -€6,943 | -8.1% |
| Taxes, remuneration and social security | 45 | €12,690 | €15,973 | +€3,283 | +25.9% |
| Taxes | 450/3 | €2,066 | €4,741 | +€2,675 | +129% |
| Remuneration and social security | 454/9 | €10,624 | €11,231 | +€607 | +5.7% |
| Other amounts payable | 47/48 | €34,708 | €25,030 | -€9,678 | -27.9% |
| Accrued charges and deferred income | 492/3 | €7,950 | €2,800 | -€5,150 | -64.8% |
| Remuneration, social security and pensions | 62 | €55,327 | €34,445 | -€20,883 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,037 | €6,062 | +€1,025 | +20.3% |
| Other operating charges | 640/8 | €3,829 | €2,089 | -€1,740 | -45.5% |
| Non-recurring operating charges | 66A | €46,904 | €0 | -€46,904 | -100% |
| Gross operating margin | 9900 | -€4,243 | €87,859 | +€92,102 | |
| Operating profit (loss) | 9901 | -€115,340 | €45,264 | +€160,604 | |
| Financial income | 75/76B | €331 | €0 | -€331 | -100% |
| Recurring financial income | 75 | €331 | €0 | -€331 | -100% |
| Financial charges | 65/66B | €1,837 | €1,543 | -€294 | -16.0% |
| Recurring financial charges | 65 | €1,837 | €1,543 | -€294 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€116,846 | €43,721 | +€160,567 | |
| Profit (loss) for the period | 9904 | -€116,846 | €43,721 | +€160,567 | |
| Profit (loss) for the period to be appropriated | 9905 | -€116,846 | €43,721 | +€160,567 |
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 17 October 2026 via checked.be.