HOGAR BELGIUM: 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.
HOGAR BELGIUM
Largest movements
- Tangible fixed assets +€4,122
up €4,122 (+3.8%), from €108,084 to €112,205
- Other debts +€14,966
up €14,966 (+11.1%), from €135,378 to €150,345
- Debts after one year -€4,742
down €4,742 (-13.2%), from €36,053 to €31,311
- Current portion of long-term debt -€2,999
down €2,999 (-47.1%), from €6,362 to €3,363
- Profit (loss) carried forward -€2,651
down €2,651 (-3.1%), from -€85,774 to -€88,425
- Other operating charges +€2,272
up €2,272 (+414%), from €549 to €2,822
- Depreciation +€2,107
up €2,107 (+12.4%), from €16,932 to €19,039
- Gross operating margin +€1,454
up €1,454 (+8.1%), from €18,051 to €19,506
- Financial charges -€1,187
down €1,187 (-80.1%), from €1,482 to €296
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 | €108,669 | €112,739 | +€4,071 | +3.7% |
| Fixed assets | 21/28 | €108,084 | €112,205 | +€4,122 | +3.8% |
| Tangible fixed assets | 22/27 | €108,084 | €112,205 | +€4,122 | +3.8% |
| Land and buildings | 22 | €108,084 | €112,205 | +€4,122 | +3.8% |
| Current assets | 29/58 | €585 | €534 | -€51 | -8.7% |
| Cash at bank and in hand | 54/58 | €585 | €335 | -€250 | -42.7% |
| Deferred charges and accrued income | 490/1 | - | €199 | +€199 | |
| Total equity and liabilities | 10/49 | €108,669 | €112,739 | +€4,071 | +3.7% |
| Equity | 10/15 | -€70,474 | -€73,125 | -€2,651 | -3.8% |
| Contributions | 10/11 | €12,403 | €12,403 | = | 0.0% |
| Reserves | 13 | €2,897 | €2,897 | = | 0.0% |
| Distributable reserves | 133 | €2,897 | €2,897 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,774 | -€88,425 | -€2,651 | -3.1% |
| Amounts payable | 17/49 | €179,143 | €185,865 | +€6,722 | +3.8% |
| Amounts payable after more than one year | 17 | €36,053 | €31,311 | -€4,742 | -13.2% |
| Financial debts | 170/4 | €36,053 | €31,311 | -€4,742 | -13.2% |
| Amounts payable within one year | 42/48 | €143,089 | €154,554 | +€11,464 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €6,362 | €3,363 | -€2,999 | -47.1% |
| Trade debts | 44 | €1,349 | €846 | -€503 | -37.3% |
| Suppliers | 440/4 | €1,349 | €846 | -€503 | -37.3% |
| Other amounts payable | 47/48 | €135,378 | €150,345 | +€14,966 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,932 | €19,039 | +€2,107 | +12.4% |
| Other operating charges | 640/8 | €549 | €2,822 | +€2,272 | +414% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €18,051 | €19,506 | +€1,454 | +8.1% |
| Operating profit (loss) | 9901 | €570 | -€2,356 | -€2,926 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,482 | €296 | -€1,187 | -80.1% |
| Recurring financial charges | 65 | €1,482 | €296 | -€1,187 | -80.1% |
| Profit (loss) for the period before taxes | 9903 | -€912 | -€2,651 | -€1,739 | -191% |
| Profit (loss) for the period | 9904 | -€912 | -€2,651 | -€1,739 | -191% |
| Profit (loss) for the period to be appropriated | 9905 | -€912 | -€2,651 | -€1,739 | -191% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.