Hogires: 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.
Hogires
Largest movements
- Cash +€198,840
up €198,840 (+710.8%), from €27,974 to €226,814
mainly Current investments (+€135,149) and Net result for the year (+€60,323)
- Current investments -€135,149
down €135,149 (-67.6%), from €200,000 to €64,851
- Receivables within one year -€3,859
down €3,859 (-26.3%), from €14,700 to €10,841
- Reserves +€59,000
up €59,000 (+35.4%), from €166,500 to €225,500
- Gross operating margin -€3,583
down €3,583 (-4.2%), from €85,605 to €82,022
- Financial income +€1,201
up €1,201 (+27.0%), from €4,440 to €5,641
- Taxes -€885
down €885 (-3.7%), from €23,813 to €22,928
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 | €244,648 | €304,220 | +€59,572 | +24.4% |
| Fixed assets | 21/28 | €1,749 | €1,252 | -€497 | -28.4% |
| Tangible fixed assets | 22/27 | €1,749 | €1,252 | -€497 | -28.4% |
| Plant, machinery and equipment | 23 | €1,749 | €1,252 | -€497 | -28.4% |
| Current assets | 29/58 | €242,899 | €302,968 | +€60,069 | +24.7% |
| Amounts receivable within one year | 40/41 | €14,700 | €10,841 | -€3,859 | -26.3% |
| Trade receivables | 40 | €14,700 | €10,841 | -€3,859 | -26.3% |
| Current investments | 50/53 | €200,000 | €64,851 | -€135,149 | -67.6% |
| Cash at bank and in hand | 54/58 | €27,974 | €226,814 | +€198,840 | +710.8% |
| Deferred charges and accrued income | 490/1 | €225 | €462 | +€237 | +105.3% |
| Total equity and liabilities | 10/49 | €244,648 | €304,220 | +€59,572 | +24.4% |
| Equity | 10/15 | €171,904 | €230,627 | +€58,723 | +34.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €166,500 | €225,500 | +€59,000 | +35.4% |
| Distributable reserves | 133 | €166,500 | €225,500 | +€59,000 | +35.4% |
| Profit (loss) carried forward | 14 | €404 | €127 | -€277 | -68.6% |
| Amounts payable | 17/49 | €72,744 | €73,593 | +€849 | +1.2% |
| Amounts payable within one year | 42/48 | €72,456 | €73,305 | +€849 | +1.2% |
| Trade debts | 44 | €274 | - | -€274 | |
| Suppliers | 440/4 | €274 | - | -€274 | |
| Taxes, remuneration and social security | 45 | €16,534 | €16,400 | -€134 | -0.8% |
| Taxes | 450/3 | €16,534 | €16,400 | -€134 | -0.8% |
| Other amounts payable | 47/48 | €55,648 | €56,905 | +€1,257 | +2.3% |
| Accrued charges and deferred income | 492/3 | €288 | €288 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €645 | €497 | -€148 | -22.9% |
| Other operating charges | 640/8 | €1,535 | €1,052 | -€483 | -31.5% |
| Gross operating margin | 9900 | €85,605 | €82,022 | -€3,583 | -4.2% |
| Operating profit (loss) | 9901 | €83,425 | €80,473 | -€2,952 | -3.5% |
| Financial income | 75/76B | €4,440 | €5,641 | +€1,201 | +27.0% |
| Recurring financial income | 75 | €4,440 | €5,641 | +€1,201 | +27.0% |
| Financial charges | 65/66B | €2,583 | €2,863 | +€280 | +10.8% |
| Recurring financial charges | 65 | €2,583 | €2,863 | +€280 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €85,282 | €83,251 | -€2,031 | -2.4% |
| Income taxes | 67/77 | €23,813 | €22,928 | -€885 | -3.7% |
| Profit (loss) for the period | 9904 | €61,469 | €60,323 | -€1,146 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,469 | €60,323 | -€1,146 | -1.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.