HOGE BEUK: 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.
HOGE BEUK
Largest movements
- Receivables within one year -€27,540
down €27,540 (-13.4%), from €206,032 to €178,491
of which Other amounts receivable: -€28,171
- Cash -€10,152
down €10,152 (-83.4%), from €12,166 to €2,014
mainly Contributions, distributions and other (-€68,509) and Deferred charges and accrued income (-€49)
- Reserves -€51,120
down €51,120 (-25.9%), from €197,026 to €145,906
of which Distributable reserves: -€51,120
- Tax, wage and social debts +€7,812
up €7,812 (+125%), from €6,256 to €14,068
- Trade debts +€3,534
up €3,534 (+197%), from €1,796 to €5,330
- Gross operating margin +€10,338
up €10,338 (+109%), from €9,451 to €19,789
- Financial income +€4,905
up €4,905 (+46.1%), from €10,644 to €15,549
- Depreciation -€3,675
down €3,675 (-63.3%), from €5,807 to €2,132
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 | €266,578 | €226,804 | -€39,775 | -14.9% |
| Fixed assets | 21/28 | €6,840 | €4,708 | -€2,132 | -31.2% |
| Tangible fixed assets | 22/27 | €6,840 | €4,708 | -€2,132 | -31.2% |
| Plant, machinery and equipment | 23 | €758 | €527 | -€232 | -30.6% |
| Furniture and vehicles | 24 | €5,232 | €3,332 | -€1,900 | -36.3% |
| Other tangible fixed assets | 26 | €850 | €850 | = | 0.0% |
| Current assets | 29/58 | €259,738 | €222,096 | -€37,643 | -14.5% |
| Amounts receivable within one year | 40/41 | €206,032 | €178,491 | -€27,540 | -13.4% |
| Trade receivables | 40 | €7,684 | €8,314 | +€630 | +8.2% |
| Other amounts receivable | 41 | €198,348 | €170,178 | -€28,171 | -14.2% |
| Current investments | 50/53 | €40,791 | €40,791 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,166 | €2,014 | -€10,152 | -83.4% |
| Deferred charges and accrued income | 490/1 | €750 | €799 | +€49 | +6.6% |
| Total equity and liabilities | 10/49 | €266,578 | €226,804 | -€39,775 | -14.9% |
| Equity | 10/15 | €258,526 | €207,406 | -€51,120 | -19.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €197,026 | €145,906 | -€51,120 | -25.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €190,876 | €139,756 | -€51,120 | -26.8% |
| Amounts payable | 17/49 | €8,052 | €19,398 | +€11,346 | +141% |
| Amounts payable within one year | 42/48 | €8,052 | €19,398 | +€11,346 | +141% |
| Trade debts | 44 | €1,796 | €5,330 | +€3,534 | +197% |
| Suppliers | 440/4 | €1,796 | €5,330 | +€3,534 | +197% |
| Taxes, remuneration and social security | 45 | €6,256 | €14,068 | +€7,812 | +125% |
| Taxes | 450/3 | €6,256 | €14,068 | +€7,812 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,807 | €2,132 | -€3,675 | -63.3% |
| Other operating charges | 640/8 | €3,265 | €3,182 | -€83 | -2.5% |
| Gross operating margin | 9900 | €9,451 | €19,789 | +€10,338 | +109% |
| Operating profit (loss) | 9901 | €379 | €14,474 | +€14,096 | +3,721% |
| Financial income | 75/76B | €10,644 | €15,549 | +€4,905 | +46.1% |
| Recurring financial income | 75 | €10,644 | €15,549 | +€4,905 | +46.1% |
| Financial charges | 65/66B | €59 | €103 | +€45 | +76.2% |
| Recurring financial charges | 65 | €59 | €103 | +€45 | +76.2% |
| Profit (loss) for the period before taxes | 9903 | €10,965 | €29,920 | +€18,956 | +173% |
| Income taxes | 67/77 | €12,649 | €12,532 | -€117 | -0.9% |
| Profit (loss) for the period | 9904 | -€1,685 | €17,389 | +€19,073 | |
| Transfer from tax-exempt reserves | 789 | €63,150 | - | -€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,465 | €17,389 | -€44,077 | -71.7% |
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 28 October 2026 via checked.be.