Hoekwind: what changed
Two fiscal 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.
Hoekwind
Largest movements
- Financial fixed assets -€119,433
down €119,433 (-58.0%), from €205,750 to €86,318
- Tangible fixed assets -€21,836
down €21,836 (-57.1%), from €38,214 to €16,377
- Profit (loss) carried forward -€145,590
down €145,590 (-17.7%), from -€824,049 to -€969,639
- Other debts +€4,894
up €4,894 (+0.9%), from €568,973 to €573,867
- Financial charges +€119,451
up €119,451 (+4876.3%), from €2,450 to €121,901
of which Non-recurring financial charges: +€119,433
- Gross operating margin +€1,910
up €1,910 (+56.7%), from -€3,367 to -€1,457
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.
Cash bridge derived
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 | €245,214 | €104,527 | -€140,687 | -57.4% |
| Fixed assets | 21/28 | €243,964 | €102,695 | -€141,269 | -57.9% |
| Tangible fixed assets | 22/27 | €38,214 | €16,377 | -€21,836 | -57.1% |
| Land and buildings | 22 | €38,214 | €16,377 | -€21,836 | -57.1% |
| Financial fixed assets | 28 | €205,750 | €86,318 | -€119,433 | -58.0% |
| Current assets | 29/58 | €1,251 | €1,833 | +€582 | +46.5% |
| Cash at bank and in hand | 54/58 | €1,251 | €1,833 | +€582 | +46.5% |
| Total equity and liabilities | 10/49 | €245,214 | €104,527 | -€140,687 | -57.4% |
| Equity | 10/15 | -€724,049 | -€869,639 | -€145,590 | -20.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€824,049 | -€969,639 | -€145,590 | -17.7% |
| Amounts payable | 17/49 | €969,263 | €974,166 | +€4,903 | +0.5% |
| Amounts payable within one year | 42/48 | €969,263 | €974,166 | +€4,903 | +0.5% |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €291 | €299 | +€8 | +2.9% |
| Suppliers | 440/4 | €291 | €299 | +€8 | +2.9% |
| Other amounts payable | 47/48 | €568,973 | €573,867 | +€4,894 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,836 | €21,836 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €396 | +€9 | +2.4% |
| Gross operating margin | 9900 | -€3,367 | -€1,457 | +€1,910 | +56.7% |
| Operating profit (loss) | 9901 | -€25,590 | -€23,689 | +€1,901 | +7.4% |
| Financial charges | 65/66B | €2,450 | €121,901 | +€119,451 | +4876.3% |
| Recurring financial charges | 65 | €2,450 | €2,468 | +€19 | +0.8% |
| Non-recurring financial charges | 66B | - | €119,433 | +€119,433 | |
| Profit (loss) for the period before taxes | 9903 | -€28,040 | -€145,590 | -€117,550 | -419.2% |
| Profit (loss) for the period | 9904 | -€28,040 | -€145,590 | -€117,550 | -419.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,040 | -€145,590 | -€117,550 | -419.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.