HOEDEKIE: 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.
HOEDEKIE
Largest movements
- Receivables within one year -€47,561
down €47,561 (-38.8%), from €122,423 to €74,862
of which Other amounts receivable: -€25,123
- Tangible fixed assets +€23,898
up €23,898 (+7.2%), from €331,247 to €355,145
of which Furniture and vehicles: +€45,949
- Stocks and contracts +€19,287
up €19,287 (+12.4%), from €155,344 to €174,631
of which Contracts in progress: +€32,500
- Cash -€12,107
down €12,107 (-3.0%), from €402,260 to €390,153
mainly Contributions, distributions and other (-€250,000) and Investment in fixed assets (net) (-€65,992)
- Accrued charges and deferred income -€56,724
down €56,724 (-97.3%), from €58,302 to €1,578
- Profit (loss) carried forward +€53,149
up €53,149 (+18.4%), from €289,420 to €342,569
- Tax, wage and social debts -€24,376
down €24,376 (-73.2%), from €33,281 to €8,906
of which Taxes: -€18,370
- Gross operating margin +€16,341
up €16,341 (+2.4%), from €672,686 to €689,028
- Staff costs -€8,129
down €8,129 (-3.3%), from €243,615 to €235,486
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 | €1,046,787 | €1,027,529 | -€19,258 | -1.8% |
| Fixed assets | 21/28 | €331,247 | €355,145 | +€23,898 | +7.2% |
| Tangible fixed assets | 22/27 | €331,247 | €355,145 | +€23,898 | +7.2% |
| Land and buildings | 22 | €306,364 | €285,630 | -€20,734 | -6.8% |
| Plant, machinery and equipment | 23 | €9,182 | €7,867 | -€1,316 | -14.3% |
| Furniture and vehicles | 24 | €15,700 | €61,649 | +€45,949 | +293% |
| Current assets | 29/58 | €715,540 | €672,383 | -€43,157 | -6.0% |
| Stocks and contracts in progress | 3 | €155,344 | €174,631 | +€19,287 | +12.4% |
| Stocks | 30/36 | €136,344 | €123,131 | -€13,213 | -9.7% |
| Contracts in progress | 37 | €19,000 | €51,500 | +€32,500 | +171% |
| Amounts receivable within one year | 40/41 | €122,423 | €74,862 | -€47,561 | -38.8% |
| Trade receivables | 40 | €87,528 | €65,091 | -€22,437 | -25.6% |
| Other amounts receivable | 41 | €34,895 | €9,771 | -€25,123 | -72.0% |
| Cash at bank and in hand | 54/58 | €402,260 | €390,153 | -€12,107 | -3.0% |
| Deferred charges and accrued income | 490/1 | €35,513 | €32,736 | -€2,777 | -7.8% |
| Total equity and liabilities | 10/49 | €1,046,787 | €1,027,529 | -€19,258 | -1.8% |
| Equity | 10/15 | €380,551 | €433,700 | +€53,149 | +14.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Share premium | 1100/10 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €71,131 | €71,131 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,131 | €64,131 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €289,420 | €342,569 | +€53,149 | +18.4% |
| Amounts payable | 17/49 | €666,236 | €593,829 | -€72,408 | -10.9% |
| Amounts payable after more than one year | 17 | €241,435 | €243,201 | +€1,766 | +0.7% |
| Financial debts | 170/4 | €241,435 | €243,201 | +€1,766 | +0.7% |
| Amounts payable within one year | 42/48 | €366,499 | €349,050 | -€17,450 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €41,508 | €45,570 | +€4,062 | +9.8% |
| Trade debts | 44 | €41,710 | €44,574 | +€2,864 | +6.9% |
| Suppliers | 440/4 | €41,710 | €44,574 | +€2,864 | +6.9% |
| Taxes, remuneration and social security | 45 | €33,281 | €8,906 | -€24,376 | -73.2% |
| Taxes | 450/3 | €18,370 | - | -€18,370 | |
| Remuneration and social security | 454/9 | €14,911 | €8,906 | -€6,006 | -40.3% |
| Other amounts payable | 47/48 | €250,000 | €250,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €58,302 | €1,578 | -€56,724 | -97.3% |
| Remuneration, social security and pensions | 62 | €243,615 | €235,486 | -€8,129 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,542 | €42,093 | +€4,551 | +12.1% |
| Other operating charges | 640/8 | €6,266 | €6,403 | +€136 | +2.2% |
| Gross operating margin | 9900 | €672,686 | €689,028 | +€16,341 | +2.4% |
| Operating profit (loss) | 9901 | €385,263 | €405,046 | +€19,782 | +5.1% |
| Financial income | 75/76B | €2,770 | €6,909 | +€4,138 | +149% |
| Recurring financial income | 75 | €2,770 | €6,909 | +€4,138 | +149% |
| Financial charges | 65/66B | €9,684 | €8,957 | -€727 | -7.5% |
| Recurring financial charges | 65 | €9,684 | €8,957 | -€727 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €378,350 | €402,997 | +€24,647 | +6.5% |
| Income taxes | 67/77 | €96,253 | €99,848 | +€3,595 | +3.7% |
| Profit (loss) for the period | 9904 | €282,097 | €303,149 | +€21,052 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €282,097 | €303,149 | +€21,052 | +7.5% |
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 31 October 2026 via checked.be.