HOICO: 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.
HOICO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€44,718
up €44,718 (+46.8%), from €95,615 to €140,333
- Profit (loss) carried forward -€26,122
new in 2024: -€26,122
- Reserves -€8,784
down €8,784 (-9.1%), from €96,929 to €88,145
- Gross operating margin -€25,082
down €25,082 (-283.0%), from -€8,863 to -€33,945
- Depreciation -€640
no longer reported in 2024 (was €640)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €624,390 | €624,636 | +€246 | 0.0% |
| Fixed assets | 21/28 | €3,405 | €3,405 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,000 | €1,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,405 | €2,405 | = | 0.0% |
| Current assets | 29/58 | €620,985 | €621,231 | +€246 | 0.0% |
| Amounts receivable after more than one year | 29 | €600,000 | €600,000 | = | 0.0% |
| Other amounts receivable | 291 | €600,000 | €600,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,388 | €19,454 | +€66 | +0.3% |
| Trade receivables | 40 | €19,350 | €19,397 | +€47 | +0.2% |
| Other amounts receivable | 41 | €38 | €58 | +€20 | +51.1% |
| Cash at bank and in hand | 54/58 | €495 | €428 | -€67 | -13.6% |
| Deferred charges and accrued income | 490/1 | €1,102 | €1,349 | +€247 | +22.4% |
| Total equity and liabilities | 10/49 | €624,390 | €624,636 | +€246 | 0.0% |
| Equity | 10/15 | €468,769 | €433,863 | -€34,906 | -7.4% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €96,929 | €88,145 | -€8,784 | -9.1% |
| Distributable reserves | 133 | €96,929 | €88,145 | -€8,784 | -9.1% |
| Profit (loss) carried forward | 14 | - | -€26,122 | -€26,122 | |
| Amounts payable | 17/49 | €155,622 | €190,773 | +€35,152 | +22.6% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €105,622 | €140,773 | +€35,152 | +33.3% |
| Trade debts | 44 | €3,371 | €6 | -€3,365 | -99.8% |
| Suppliers | 440/4 | €3,371 | €6 | -€3,365 | -99.8% |
| Taxes, remuneration and social security | 45 | €6,636 | €434 | -€6,202 | -93.5% |
| Taxes | 450/3 | €6,636 | €434 | -€6,202 | -93.5% |
| Other amounts payable | 47/48 | €95,615 | €140,333 | +€44,718 | +46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €640 | - | -€640 | |
| Other operating charges | 640/8 | €650 | €647 | -€3 | -0.4% |
| Non-recurring operating charges | 66A | €28,500 | - | -€28,500 | |
| Gross operating margin | 9900 | -€8,863 | -€33,945 | -€25,082 | -283.0% |
| Operating profit (loss) | 9901 | -€38,653 | -€34,592 | +€4,061 | +10.5% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €198 | €116 | -€82 | -41.5% |
| Recurring financial charges | 65 | €198 | €116 | -€82 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | -€38,840 | -€34,708 | +€4,133 | +10.6% |
| Income taxes | 67/77 | €126 | €198 | +€72 | +57.7% |
| Profit (loss) for the period | 9904 | -€38,966 | -€34,906 | +€4,060 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,966 | -€34,906 | +€4,060 | +10.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.