HOGONALF: what changed
HOGONALF
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€2,671
down €2,671 (-100%), from €2,671 to €0
- Gross operating margin +€338
up €338 (+15.2%), from -€2,218 to -€1,880
- Other operating charges +€322
up €322 (+29.9%), from €1,078 to €1,401
- Financial income -€84
down €84 (-47.5%), from €178 to €93
- Financial charges +€59
up €59 (+38.6%), from €154 to €213
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,280,539 | €3,277,111 | -€3,428 | -0.1% |
| Fixed assets | 21/28 | €3,257,200 | €3,257,200 | = | 0.0% |
| Tangible fixed assets | 22/27 | €7,200 | €7,200 | = | 0.0% |
| Furniture and vehicles | 24 | €7,200 | €7,200 | = | 0.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €3,250,000 | €3,250,000 | = | 0.0% |
| Current assets | 29/58 | €23,339 | €19,911 | -€3,428 | -14.7% |
| Amounts receivable within one year | 40/41 | - | €175 | +€175 | |
| Trade receivables | 40 | - | €175 | +€175 | |
| Cash at bank and in hand | 54/58 | €23,339 | €19,736 | -€3,603 | -15.4% |
| Total equity and liabilities | 10/49 | €3,280,539 | €3,277,111 | -€3,428 | -0.1% |
| Equity | 10/15 | €210,476 | €207,048 | -€3,428 | -1.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €110,476 | €107,048 | -€3,428 | -3.1% |
| Distributable reserves | 133 | €110,476 | €107,048 | -€3,428 | -3.1% |
| Amounts payable | 17/49 | €3,070,063 | €3,070,063 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,070,063 | €3,070,063 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €63 | €63 | = | 0.0% |
| Taxes | 450/3 | €63 | €63 | = | 0.0% |
| Other amounts payable | 47/48 | €3,070,000 | €3,070,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,671 | €0 | -€2,671 | -100% |
| Other operating charges | 640/8 | €1,078 | €1,401 | +€322 | +29.9% |
| Gross operating margin | 9900 | -€2,218 | -€1,880 | +€338 | +15.2% |
| Operating profit (loss) | 9901 | -€5,967 | -€3,280 | +€2,687 | +45.0% |
| Financial income | 75/76B | €178 | €93 | -€84 | -47.5% |
| Recurring financial income | 75 | €178 | €93 | -€84 | -47.5% |
| Financial charges | 65/66B | €154 | €213 | +€59 | +38.6% |
| Recurring financial charges | 65 | €154 | €213 | +€59 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,943 | -€3,400 | +€2,543 | +42.8% |
| Income taxes | 67/77 | €53 | €28 | -€25 | -47.4% |
| Profit (loss) for the period | 9904 | -€5,997 | -€3,428 | +€2,568 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,997 | -€3,428 | +€2,568 | +42.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.