HOEVEAKKER: 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.
HOEVEAKKER
Largest movements
- Receivables within one year +€32,667
up €32,667 (+163.1%), from €20,024 to €52,691
of which Trade receivables: +€33,273
- Cash -€24,991
down €24,991 (-83.9%), from €29,788 to €4,797
mainly Receivables within one year (-€32,667) and Net result for the year (-€14,389)
- Stocks and contracts -€8,551
down €8,551 (-78.6%), from €10,876 to €2,325
- Deferred charges and accrued income +€8,168
up €8,168, from €0 to €8,168
- Tangible fixed assets -€4,396
down €4,396 (-2.3%), from €190,003 to €185,606
of which Plant, machinery and equipment: -€4,396
- Trade debts +€19,283
up €19,283 (+76.3%), from €25,275 to €44,558
- Profit (loss) carried forward -€14,389
down €14,389 (-13.1%), from -€109,911 to -€124,300
- Gross operating margin -€12,851
down €12,851, from €10,702 to -€2,150
- Financial charges +€3,328
up €3,328 (+122.3%), from €2,721 to €6,049
- Depreciation -€697
down €697 (-13.7%), from €5,093 to €4,396
- Other operating charges +€584
up €584 (+48.3%), from €1,210 to €1,794
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 | €250,763 | €253,661 | +€2,897 | +1.2% |
| Fixed assets | 21/28 | €190,075 | €185,678 | -€4,396 | -2.3% |
| Tangible fixed assets | 22/27 | €190,003 | €185,606 | -€4,396 | -2.3% |
| Land and buildings | 22 | €181,075 | €181,075 | = | 0.0% |
| Plant, machinery and equipment | 23 | €8,928 | €4,531 | -€4,396 | -49.2% |
| Financial fixed assets | 28 | €72 | €72 | = | 0.0% |
| Current assets | 29/58 | €60,689 | €67,982 | +€7,294 | +12.0% |
| Stocks and contracts in progress | 3 | €10,876 | €2,325 | -€8,551 | -78.6% |
| Stocks | 30/36 | €10,876 | €2,325 | -€8,551 | -78.6% |
| Amounts receivable within one year | 40/41 | €20,024 | €52,691 | +€32,667 | +163.1% |
| Trade receivables | 40 | €18,535 | €51,808 | +€33,273 | +179.5% |
| Other amounts receivable | 41 | €1,489 | €884 | -€606 | -40.7% |
| Cash at bank and in hand | 54/58 | €29,788 | €4,797 | -€24,991 | -83.9% |
| Deferred charges and accrued income | 490/1 | €0 | €8,168 | +€8,168 | |
| Total equity and liabilities | 10/49 | €250,763 | €253,661 | +€2,897 | +1.2% |
| Equity | 10/15 | €110,371 | €95,982 | -€14,389 | -13.0% |
| Contributions | 10/11 | €216,282 | €216,282 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,911 | -€124,300 | -€14,389 | -13.1% |
| Amounts payable | 17/49 | €140,393 | €157,679 | +€17,286 | +12.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €138,833 | €157,557 | +€18,724 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €1,667 | €0 | -€1,667 | -100.0% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €25,275 | €44,558 | +€19,283 | +76.3% |
| Suppliers | 440/4 | €25,275 | €44,558 | +€19,283 | +76.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €36,891 | €37,998 | +€1,108 | +3.0% |
| Accrued charges and deferred income | 492/3 | €1,560 | €122 | -€1,438 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,093 | €4,396 | -€697 | -13.7% |
| Other operating charges | 640/8 | €1,210 | €1,794 | +€584 | +48.3% |
| Gross operating margin | 9900 | €10,702 | -€2,150 | -€12,851 | |
| Operating profit (loss) | 9901 | €4,398 | -€8,340 | -€12,738 | |
| Financial charges | 65/66B | €2,721 | €6,049 | +€3,328 | +122.3% |
| Recurring financial charges | 65 | €2,721 | €6,049 | +€3,328 | +122.3% |
| Profit (loss) for the period before taxes | 9903 | €1,677 | -€14,389 | -€16,066 | |
| Profit (loss) for the period | 9904 | €1,677 | -€14,389 | -€16,066 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,677 | -€14,389 | -€16,066 |
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 11 October 2026 via checked.be.