HOJEFA: 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.
HOJEFA
Largest movements
- Receivables within one year -€12,295
down €12,295 (-71.5%), from €17,203 to €4,908
of which Trade receivables: -€12,203
- Tangible fixed assets -€4,199
down €4,199 (-31.0%), from €13,566 to €9,367
of which Furniture and vehicles: -€3,770
- Cash -€2,207
down €2,207 (-17.7%), from €12,461 to €10,254
mainly Other debts (-€12,959) and Investment in fixed assets (net) (-€5,330)
- Other debts -€12,959
down €12,959 (-96.2%), from €13,473 to €514
- Profit (loss) carried forward -€2,989
down €2,989 (-12.2%), from -€24,431 to -€27,420
- Trade debts -€2,079
down €2,079 (-60.0%), from €3,467 to €1,387
- Current portion of long-term debt -€745
no longer reported in 2025 (was €745)
- Gross operating margin +€1,766
up €1,766 (+26.9%), from €6,559 to €8,325
- Depreciation +€713
up €713 (+8.1%), from €8,816 to €9,529
- Financial charges -€204
down €204 (-53.6%), from €381 to €177
- Other operating charges -€181
down €181 (-18.5%), from €982 to €800
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 | €43,230 | €24,529 | -€18,701 | -43.3% |
| Fixed assets | 21/28 | €13,566 | €9,367 | -€4,199 | -31.0% |
| Tangible fixed assets | 22/27 | €13,566 | €9,367 | -€4,199 | -31.0% |
| Plant, machinery and equipment | 23 | €3,622 | €3,193 | -€429 | -11.9% |
| Furniture and vehicles | 24 | €9,944 | €6,174 | -€3,770 | -37.9% |
| Current assets | 29/58 | €29,664 | €15,163 | -€14,502 | -48.9% |
| Amounts receivable within one year | 40/41 | €17,203 | €4,908 | -€12,295 | -71.5% |
| Trade receivables | 40 | €17,098 | €4,895 | -€12,203 | -71.4% |
| Other amounts receivable | 41 | €105 | €13 | -€92 | -87.6% |
| Cash at bank and in hand | 54/58 | €12,461 | €10,254 | -€2,207 | -17.7% |
| Total equity and liabilities | 10/49 | €43,230 | €24,529 | -€18,701 | -43.3% |
| Equity | 10/15 | €16,664 | €13,675 | -€2,989 | -17.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,895 | €34,895 | = | 0.0% |
| Distributable reserves | 133 | €34,895 | €34,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,431 | -€27,420 | -€2,989 | -12.2% |
| Amounts payable | 17/49 | €26,566 | €10,854 | -€15,712 | -59.1% |
| Amounts payable within one year | 42/48 | €26,566 | €10,854 | -€15,712 | -59.1% |
| Current portion of amounts payable after more than one year | 42 | €745 | - | -€745 | |
| Trade debts | 44 | €3,467 | €1,387 | -€2,079 | -60.0% |
| Suppliers | 440/4 | €3,467 | €1,387 | -€2,079 | -60.0% |
| Taxes, remuneration and social security | 45 | €8,882 | €8,953 | +€71 | +0.8% |
| Taxes | 450/3 | €7,042 | €7,113 | +€71 | +1.0% |
| Remuneration and social security | 454/9 | €1,840 | €1,840 | = | 0.0% |
| Other amounts payable | 47/48 | €13,473 | €514 | -€12,959 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,816 | €9,529 | +€713 | +8.1% |
| Other operating charges | 640/8 | €982 | €800 | -€181 | -18.5% |
| Non-recurring operating charges | 66A | €3,249 | - | -€3,249 | |
| Gross operating margin | 9900 | €6,559 | €8,325 | +€1,766 | +26.9% |
| Operating profit (loss) | 9901 | -€6,489 | -€2,005 | +€4,484 | +69.1% |
| Financial income | 75/76B | €21 | €35 | +€14 | +67.9% |
| Recurring financial income | 75 | €21 | €35 | +€14 | +67.9% |
| Financial charges | 65/66B | €381 | €177 | -€204 | -53.6% |
| Recurring financial charges | 65 | €381 | €177 | -€204 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,849 | -€2,146 | +€4,702 | +68.7% |
| Income taxes | 67/77 | €771 | €843 | +€71 | +9.2% |
| Profit (loss) for the period | 9904 | -€7,620 | -€2,989 | +€4,631 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,620 | -€2,989 | +€4,631 | +60.8% |
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.