HOESCH: 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.
HOESCH
Largest movements
- Current investments -€641,246
down €641,246 (-30.0%), from €2.1m to €1.5m
- Cash -€594,996
down €594,996 (-94.1%), from €631,993 to €36,997
mainly Contributions, distributions and other (-€1.2m) and Receivables within one year (-€136,291)
- Receivables within one year +€136,291
up €136,291 (+16.9%), from €806,173 to €942,464
of which Trade receivables: +€81,246
- Reserves -€1.1m
down €1.1m (-27.9%), from €4.1m to €3.0m
of which Distributable reserves: -€1.1m
- Financial income -€239,308
down €239,308 (-76.1%), from €314,392 to €75,084
- Financial charges -€42,940
down €42,940 (-98.4%), from €43,654 to €714
- Gross operating margin -€14,689
down €14,689 (-16.7%), from €87,947 to €73,258
- Taxes +€3,464
up €3,464 (+11.6%), from €29,887 to €33,351
- Depreciation +€3,068
up €3,068 (+9.1%), from €33,729 to €36,797
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 | €4,160,793 | €3,026,999 | -€1.1m | -27.2% |
| Fixed assets | 21/28 | €580,154 | €545,851 | -€34,303 | -5.9% |
| Tangible fixed assets | 22/27 | €555,154 | €520,851 | -€34,303 | -6.2% |
| Land and buildings | 22 | €469,132 | €443,012 | -€26,120 | -5.6% |
| Plant, machinery and equipment | 23 | €21,019 | €20,357 | -€663 | -3.2% |
| Furniture and vehicles | 24 | €31,302 | €23,782 | -€7,520 | -24.0% |
| Other tangible fixed assets | 26 | €33,700 | €33,700 | = | 0.0% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €3,580,640 | €2,481,148 | -€1.1m | -30.7% |
| Amounts receivable after more than one year | 29 | €2,280 | €2,280 | = | 0.0% |
| Other amounts receivable | 291 | €2,280 | €2,280 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €806,173 | €942,464 | +€136,291 | +16.9% |
| Trade receivables | 40 | €1,375 | €82,621 | +€81,246 | +5,909% |
| Other amounts receivable | 41 | €804,798 | €859,843 | +€55,045 | +6.8% |
| Current investments | 50/53 | €2,140,193 | €1,498,948 | -€641,246 | -30.0% |
| Cash at bank and in hand | 54/58 | €631,993 | €36,997 | -€594,996 | -94.1% |
| Deferred charges and accrued income | 490/1 | €0 | €460 | +€460 | |
| Total equity and liabilities | 10/49 | €4,160,793 | €3,026,999 | -€1.1m | -27.2% |
| Equity | 10/15 | €4,136,495 | €2,989,145 | -€1.1m | -27.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €4,117,945 | €2,970,595 | -€1.1m | -27.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,117,945 | €2,970,595 | -€1.1m | -27.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,298 | €37,855 | +€13,557 | +55.8% |
| Amounts payable after more than one year | 17 | €4,113 | €4,113 | = | 0.0% |
| Other amounts payable | 178/9 | €4,113 | €4,113 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,185 | €33,742 | +€13,557 | +67.2% |
| Trade debts | 44 | €2,297 | €2,506 | +€208 | +9.1% |
| Suppliers | 440/4 | €2,297 | €2,506 | +€208 | +9.1% |
| Taxes, remuneration and social security | 45 | €17,620 | €31,237 | +€13,616 | +77.3% |
| Taxes | 450/3 | €17,620 | €31,237 | +€13,616 | +77.3% |
| Other amounts payable | 47/48 | €268 | €0 | -€268 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,729 | €36,797 | +€3,068 | +9.1% |
| Other operating charges | 640/8 | €4,944 | €4,829 | -€115 | -2.3% |
| Gross operating margin | 9900 | €87,947 | €73,258 | -€14,689 | -16.7% |
| Operating profit (loss) | 9901 | €49,274 | €31,631 | -€17,642 | -35.8% |
| Financial income | 75/76B | €314,392 | €75,084 | -€239,308 | -76.1% |
| Recurring financial income | 75 | €314,392 | €75,084 | -€239,308 | -76.1% |
| Financial charges | 65/66B | €43,654 | €714 | -€42,940 | -98.4% |
| Recurring financial charges | 65 | €43,654 | €714 | -€42,940 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €320,011 | €106,001 | -€214,011 | -66.9% |
| Income taxes | 67/77 | €29,887 | €33,351 | +€3,464 | +11.6% |
| Profit (loss) for the period | 9904 | €290,124 | €72,649 | -€217,475 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €290,124 | €72,649 | -€217,475 | -75.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.