HOIAN: 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.
HOIAN
Largest movements
- Receivables within one year +€32,240
up €32,240 (+2729.7%), from €1,181 to €33,421
of which Other amounts receivable: +€16,842
- Cash +€22,850
up €22,850 (+57.1%), from €40,042 to €62,892
mainly Other debts (+€223,247) and Net result for the year (+€68,693)
- Other debts +€223,247
up €223,247 (+676.6%), from €32,996 to €256,243
- Profit (loss) carried forward -€221,788
down €221,788 (-100.0%), from €221,788 to €0
- Reserves +€68,693
up €68,693 (+74.2%), from €92,586 to €161,278
of which Distributable reserves: +€68,693
- Tax, wage and social debts -€17,254
down €17,254 (-43.1%), from €40,013 to €22,759
- Taxes -€5,379
down €5,379 (-17.7%), from €30,395 to €25,016
- Gross operating margin +€3,536
up €3,536 (+3.3%), from €108,135 to €111,671
- Financial charges -€2,316
down €2,316 (-27.2%), from €8,529 to €6,213
- Depreciation +€1,329
up €1,329 (+16.4%), from €8,077 to €9,405
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 | €550,539 | €603,220 | +€52,681 | +9.6% |
| Fixed assets | 21/28 | €506,403 | €504,492 | -€1,911 | -0.4% |
| Tangible fixed assets | 22/27 | €61,403 | €59,492 | -€1,911 | -3.1% |
| Land and buildings | 22 | €54,847 | €50,438 | -€4,408 | -8.0% |
| Plant, machinery and equipment | 23 | €68 | €1,363 | +€1,295 | +1911.3% |
| Furniture and vehicles | 24 | €6,488 | €5,615 | -€873 | -13.5% |
| Other tangible fixed assets | 26 | - | €2,075 | +€2,075 | |
| Financial fixed assets | 28 | €445,000 | €445,000 | = | 0.0% |
| Current assets | 29/58 | €44,136 | €98,728 | +€54,593 | +123.7% |
| Amounts receivable within one year | 40/41 | €1,181 | €33,421 | +€32,240 | +2729.7% |
| Trade receivables | 40 | €974 | €16,372 | +€15,398 | +1580.5% |
| Other amounts receivable | 41 | €207 | €17,049 | +€16,842 | +8142.5% |
| Cash at bank and in hand | 54/58 | €40,042 | €62,892 | +€22,850 | +57.1% |
| Deferred charges and accrued income | 490/1 | €2,912 | €2,415 | -€497 | -17.1% |
| Total equity and liabilities | 10/49 | €550,539 | €603,220 | +€52,681 | +9.6% |
| Equity | 10/15 | €332,974 | €179,878 | -€153,095 | -46.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,586 | €161,278 | +€68,693 | +74.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €92,586 | €161,278 | +€68,693 | +74.2% |
| Profit (loss) carried forward | 14 | €221,788 | €0 | -€221,788 | -100.0% |
| Amounts payable | 17/49 | €217,565 | €423,342 | +€205,777 | +94.6% |
| Amounts payable after more than one year | 17 | €140,431 | €140,431 | = | 0.0% |
| Financial debts | 170/4 | €140,431 | - | -€140,431 | |
| Other amounts payable | 178/9 | - | €140,431 | +€140,431 | |
| Amounts payable within one year | 42/48 | €73,343 | €281,808 | +€208,465 | +284.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €334 | €2,807 | +€2,472 | +739.2% |
| Suppliers | 440/4 | €334 | €2,807 | +€2,472 | +739.2% |
| Taxes, remuneration and social security | 45 | €40,013 | €22,759 | -€17,254 | -43.1% |
| Taxes | 450/3 | €40,013 | €22,759 | -€17,254 | -43.1% |
| Other amounts payable | 47/48 | €32,996 | €256,243 | +€223,247 | +676.6% |
| Accrued charges and deferred income | 492/3 | €3,790 | €1,102 | -€2,688 | -70.9% |
| Non-recurring operating income | 76A | €3,638 | €0 | -€3,638 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,077 | €9,405 | +€1,329 | +16.4% |
| Other operating charges | 640/8 | €2,013 | €2,373 | +€359 | +17.9% |
| Gross operating margin | 9900 | €108,135 | €111,671 | +€3,536 | +3.3% |
| Operating profit (loss) | 9901 | €98,045 | €99,893 | +€1,848 | +1.9% |
| Financial income | 75/76B | €0 | €28 | +€28 | |
| Recurring financial income | 75 | €0 | €28 | +€28 | |
| Financial charges | 65/66B | €8,529 | €6,213 | -€2,316 | -27.2% |
| Recurring financial charges | 65 | €8,529 | €6,213 | -€2,316 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €89,517 | €93,709 | +€4,192 | +4.7% |
| Income taxes | 67/77 | €30,395 | €25,016 | -€5,379 | -17.7% |
| Profit (loss) for the period | 9904 | €59,122 | €68,693 | +€9,571 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,122 | €68,693 | +€9,571 | +16.2% |
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 9 October 2026 via checked.be.