HOEVE: 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.
HOEVE
Largest movements
- Cash -€97,825
down €97,825 (-97.5%), from €100,363 to €2,538
mainly Other debts (-€76,768) and Investment in fixed assets (net) (-€73,441)
- Tangible fixed assets +€61,649
up €61,649 (+53.1%), from €116,037 to €177,686
- Other debts -€76,768
down €76,768 (-20.0%), from €383,266 to €306,498
- Debts after one year +€64,480
new in 2025: €64,480
- Profit (loss) carried forward -€19,266
down €19,266 (-9.1%), from -€210,686 to -€229,952
- Tax, wage and social debts -€2,840
no longer reported in 2025 (was €2,840)
- Depreciation +€6,773
up €6,773 (+134.9%), from €5,019 to €11,793
- Financial charges +€2,509
up €2,509 (+739.3%), from €339 to €2,848
- Taxes -€1,868
down €1,868 (-65.8%), from €2,840 to €972
- Gross operating margin +€561
up €561, from -€447 to €115
- Other operating charges +€59
up €59 (+1.5%), from €3,848 to €3,907
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 | €217,272 | €182,757 | -€34,515 | -15.9% |
| Fixed assets | 21/28 | €116,037 | €177,686 | +€61,649 | +53.1% |
| Tangible fixed assets | 22/27 | €116,037 | €177,686 | +€61,649 | +53.1% |
| Land and buildings | 22 | €116,037 | €177,686 | +€61,649 | +53.1% |
| Current assets | 29/58 | €101,235 | €5,071 | -€96,164 | -95.0% |
| Amounts receivable within one year | 40/41 | €657 | €1,841 | +€1,184 | +180.4% |
| Other amounts receivable | 41 | €657 | €1,841 | +€1,184 | +180.4% |
| Cash at bank and in hand | 54/58 | €100,363 | €2,538 | -€97,825 | -97.5% |
| Deferred charges and accrued income | 490/1 | €216 | €693 | +€477 | +221.2% |
| Total equity and liabilities | 10/49 | €217,272 | €182,757 | -€34,515 | -15.9% |
| Equity | 10/15 | -€170,455 | -€189,721 | -€19,266 | -11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,631 | €21,631 | = | 0.0% |
| Distributable reserves | 133 | €21,631 | €21,631 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€210,686 | -€229,952 | -€19,266 | -9.1% |
| Amounts payable | 17/49 | €387,727 | €372,478 | -€15,249 | -3.9% |
| Amounts payable after more than one year | 17 | - | €64,480 | +€64,480 | |
| Financial debts | 170/4 | - | €64,480 | +€64,480 | |
| Amounts payable within one year | 42/48 | €386,227 | €306,498 | -€79,729 | -20.6% |
| Trade debts | 44 | €121 | - | -€121 | |
| Suppliers | 440/4 | €121 | - | -€121 | |
| Taxes, remuneration and social security | 45 | €2,840 | - | -€2,840 | |
| Taxes | 450/3 | €2,840 | - | -€2,840 | |
| Other amounts payable | 47/48 | €383,266 | €306,498 | -€76,768 | -20.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,019 | €11,793 | +€6,773 | +134.9% |
| Other operating charges | 640/8 | €3,848 | €3,907 | +€59 | +1.5% |
| Gross operating margin | 9900 | -€447 | €115 | +€561 | |
| Operating profit (loss) | 9901 | -€9,314 | -€15,585 | -€6,271 | -67.3% |
| Financial income | 75/76B | €85 | €139 | +€55 | +64.5% |
| Recurring financial income | 75 | €85 | €139 | +€55 | +64.5% |
| Financial charges | 65/66B | €339 | €2,848 | +€2,509 | +739.3% |
| Recurring financial charges | 65 | €339 | €2,848 | +€2,509 | +739.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,569 | -€18,294 | -€8,725 | -91.2% |
| Income taxes | 67/77 | €2,840 | €972 | -€1,868 | -65.8% |
| Profit (loss) for the period | 9904 | -€12,409 | -€19,266 | -€6,858 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,409 | -€19,266 | -€6,858 | -55.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.