HOEDT KRIS: 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.
HOEDT KRIS
Largest movements
- Current investments +€300,000
up €300,000 (+40.0%), from €750,000 to €1.0m
- Cash -€286,384
down €286,384 (-56.6%), from €506,409 to €220,025
mainly Current investments (-€300,000) and Receivables within one year (-€150,974)
- Receivables within one year +€150,974
up €150,974 (+54.7%), from €275,845 to €426,819
of which Trade receivables: +€151,964
- Tangible fixed assets -€44,617
down €44,617 (-23.5%), from €189,854 to €145,237
of which Land and buildings: -€23,288
- Reserves +€178,620
up €178,620 (+12.8%), from €1.4m to €1.6m
of which Distributable reserves: +€94,420
- Tax, wage and social debts -€32,404
down €32,404 (-70.0%), from €46,320 to €13,916
of which Taxes: -€35,539
- Debts after one year -€23,083
down €23,083 (-44.4%), from €51,973 to €28,889
- Gross operating margin +€91,714
up €91,714 (+41.0%), from €223,703 to €315,417
- Financial charges +€30,109
up €30,109, from -€28,059 to €2,050
- Taxes +€23,411
up €23,411 (+54.9%), from €42,668 to €66,078
- Staff costs +€7,770
up €7,770 (+18.1%), from €42,902 to €50,673
- Other operating charges -€5,357
down €5,357 (-52.9%), from €10,134 to €4,778
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 | €1,732,201 | €1,849,355 | +€117,154 | +6.8% |
| Fixed assets | 21/28 | €189,854 | €145,237 | -€44,617 | -23.5% |
| Tangible fixed assets | 22/27 | €189,854 | €145,237 | -€44,617 | -23.5% |
| Land and buildings | 22 | €141,096 | €117,808 | -€23,288 | -16.5% |
| Plant, machinery and equipment | 23 | €16,679 | €10,338 | -€6,341 | -38.0% |
| Furniture and vehicles | 24 | €32,079 | €17,091 | -€14,988 | -46.7% |
| Current assets | 29/58 | €1,542,347 | €1,704,118 | +€161,771 | +10.5% |
| Amounts receivable within one year | 40/41 | €275,845 | €426,819 | +€150,974 | +54.7% |
| Trade receivables | 40 | €232,374 | €384,338 | +€151,964 | +65.4% |
| Other amounts receivable | 41 | €43,471 | €42,481 | -€990 | -2.3% |
| Current investments | 50/53 | €750,000 | €1,050,000 | +€300,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €506,409 | €220,025 | -€286,384 | -56.6% |
| Deferred charges and accrued income | 490/1 | €10,093 | €7,274 | -€2,819 | -27.9% |
| Total equity and liabilities | 10/49 | €1,732,201 | €1,849,355 | +€117,154 | +6.8% |
| Equity | 10/15 | €1,483,386 | €1,662,006 | +€178,620 | +12.0% |
| Contributions | 10/11 | €86,800 | €86,800 | = | 0.0% |
| Reserves | 13 | €1,396,586 | €1,575,206 | +€178,620 | +12.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €229,250 | €313,450 | +€84,200 | +36.7% |
| Distributable reserves | 133 | €1,167,336 | €1,261,756 | +€94,420 | +8.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €47,379 | €47,379 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €47,379 | €47,379 | = | 0.0% |
| Pensions and similar obligations | 160 | €47,379 | €47,379 | = | 0.0% |
| Amounts payable | 17/49 | €201,436 | €139,970 | -€61,466 | -30.5% |
| Amounts payable after more than one year | 17 | €51,973 | €28,889 | -€23,083 | -44.4% |
| Financial debts | 170/4 | €51,973 | €28,889 | -€23,083 | -44.4% |
| Amounts payable within one year | 42/48 | €145,164 | €110,297 | -€34,867 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €26,333 | €23,083 | -€3,250 | -12.3% |
| Trade debts | 44 | €62,511 | €50,948 | -€11,563 | -18.5% |
| Suppliers | 440/4 | €62,511 | €50,948 | -€11,563 | -18.5% |
| Taxes, remuneration and social security | 45 | €46,320 | €13,916 | -€32,404 | -70.0% |
| Taxes | 450/3 | €40,394 | €4,856 | -€35,539 | -88.0% |
| Remuneration and social security | 454/9 | €5,926 | €9,060 | +€3,135 | +52.9% |
| Other amounts payable | 47/48 | €10,000 | €22,350 | +€12,350 | +124% |
| Accrued charges and deferred income | 492/3 | €4,299 | €783 | -€3,516 | -81.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €42,902 | €50,673 | +€7,770 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,230 | €45,517 | +€287 | +0.6% |
| Other operating charges | 640/8 | €10,134 | €4,778 | -€5,357 | -52.9% |
| Gross operating margin | 9900 | €223,703 | €315,417 | +€91,714 | +41.0% |
| Operating profit (loss) | 9901 | €125,436 | €214,449 | +€89,014 | +71.0% |
| Financial income | 75/76B | €32,197 | €34,648 | +€2,451 | +7.6% |
| Recurring financial income | 75 | €32,197 | €34,648 | +€2,451 | +7.6% |
| Financial charges | 65/66B | -€28,059 | €2,050 | +€30,109 | |
| Recurring financial charges | 65 | -€28,059 | €2,050 | +€30,109 | |
| Profit (loss) for the period before taxes | 9903 | €185,692 | €247,048 | +€61,356 | +33.0% |
| Income taxes | 67/77 | €42,668 | €66,078 | +€23,411 | +54.9% |
| Profit (loss) for the period | 9904 | €143,025 | €180,970 | +€37,945 | +26.5% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €84,200 | +€42,100 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €100,925 | €96,770 | -€4,155 | -4.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.