HOGITEX: 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.
HOGITEX
Largest movements
- Stocks and contracts -€10,747
down €10,747 (-91.2%), from €11,786 to €1,039
- Cash +€9,957
up €9,957 (+627.6%), from €1,587 to €11,544
mainly Net result for the year (+€13,514) and Stocks and contracts (+€10,747)
- Receivables within one year +€5,048
up €5,048 (+36.4%), from €13,854 to €18,902
of which Other amounts receivable: +€11,729
- Tangible fixed assets -€1,653
down €1,653 (-37.7%), from €4,385 to €2,732
- Formation expenses -€572
down €572 (-92.4%), from €619 to €47
- Profit (loss) carried forward +€13,514
up €13,514 (+159.5%), from €8,474 to €21,988
- Trade debts -€7,904
down €7,904 (-56.3%), from €14,028 to €6,124
- Other debts -€6,271
no longer reported in 2025 (was €6,271)
- Tax, wage and social debts +€2,694
up €2,694 (+517.9%), from €520 to €3,214
- Turnover +€27,401
up €27,401 (+25.5%), from €107,395 to €134,797
- Purchases and services +€19,033
up €19,033 (+19.5%), from €97,366 to €116,399
- Gross operating margin +€8,368
up €8,368 (+83.4%), from €10,030 to €18,397
- Taxes +€2,003
new in 2025: €2,003
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 | €32,293 | €34,326 | +€2,033 | +6.3% |
| Formation expenses | 20 | €619 | €47 | -€572 | -92.4% |
| Fixed assets | 21/28 | €4,385 | €2,732 | -€1,653 | -37.7% |
| Tangible fixed assets | 22/27 | €4,385 | €2,732 | -€1,653 | -37.7% |
| Furniture and vehicles | 24 | €4,385 | €2,732 | -€1,653 | -37.7% |
| Current assets | 29/58 | €27,289 | €31,547 | +€4,258 | +15.6% |
| Stocks and contracts in progress | 3 | €11,786 | €1,039 | -€10,747 | -91.2% |
| Stocks | 30/36 | €11,786 | €1,039 | -€10,747 | -91.2% |
| Amounts receivable within one year | 40/41 | €13,854 | €18,902 | +€5,048 | +36.4% |
| Trade receivables | 40 | €13,854 | €7,173 | -€6,681 | -48.2% |
| Other amounts receivable | 41 | - | €11,729 | +€11,729 | |
| Cash at bank and in hand | 54/58 | €1,587 | €11,544 | +€9,957 | +627.6% |
| Deferred charges and accrued income | 490/1 | €62 | €62 | = | 0.0% |
| Total equity and liabilities | 10/49 | €32,293 | €34,326 | +€2,033 | +6.3% |
| Equity | 10/15 | €11,474 | €24,988 | +€13,514 | +117.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,474 | €21,988 | +€13,514 | +159.5% |
| Amounts payable | 17/49 | €20,819 | €9,338 | -€11,481 | -55.1% |
| Amounts payable within one year | 42/48 | €20,819 | €9,338 | -€11,481 | -55.1% |
| Trade debts | 44 | €14,028 | €6,124 | -€7,904 | -56.3% |
| Suppliers | 440/4 | €14,028 | €6,124 | -€7,904 | -56.3% |
| Taxes, remuneration and social security | 45 | €520 | €3,214 | +€2,694 | +517.9% |
| Taxes | 450/3 | €520 | €3,214 | +€2,694 | +517.9% |
| Other amounts payable | 47/48 | €6,271 | - | -€6,271 | |
| Turnover | 70 | €107,395 | €134,797 | +€27,401 | +25.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €97,366 | €116,399 | +€19,033 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,099 | €2,225 | +€1,126 | +102.5% |
| Other operating charges | 640/8 | €462 | €506 | +€44 | +9.6% |
| Gross operating margin | 9900 | €10,030 | €18,397 | +€8,368 | +83.4% |
| Operating profit (loss) | 9901 | €8,469 | €15,667 | +€7,197 | +85.0% |
| Financial income | 75/76B | €130 | €90 | -€40 | -30.9% |
| Recurring financial income | 75 | €130 | €90 | -€40 | -30.9% |
| Financial charges | 65/66B | €126 | €239 | +€113 | +89.8% |
| Recurring financial charges | 65 | €126 | €239 | +€113 | +89.8% |
| Profit (loss) for the period before taxes | 9903 | €8,474 | €15,518 | +€7,044 | +83.1% |
| Income taxes | 67/77 | - | €2,003 | +€2,003 | |
| Profit (loss) for the period | 9904 | €8,474 | €13,514 | +€5,041 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,474 | €13,514 | +€5,041 | +59.5% |
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 12 October 2026 via checked.be.