Hojo: what changed
Two fiscal 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.
Hojo
Largest movements
- Receivables within one year +€58,501
up €58,501 (+353.0%), from €16,574 to €75,074
of which Other amounts receivable: +€42,277
- Stocks and contracts -€9,007
no longer reported in 2025 (was €9,007)
- Tangible fixed assets +€8,523
up €8,523 (+32.5%), from €26,265 to €34,788
- Cash -€3,127
down €3,127 (-96.9%), from €3,226 to €99
mainly Receivables within one year (-€58,501) and Investment in fixed assets (net) (-€15,000)
- Other debts +€57,783
up €57,783 (+109.1%), from €52,950 to €110,733
- Trade debts -€2,838
down €2,838 (-71.6%), from €3,963 to €1,125
- Tax, wage and social debts -€1,861
down €1,861 (-72.3%), from €2,574 to €713
- Reserves +€1,816
up €1,816 (+44.0%), from €4,123 to €5,939
- Depreciation +€935
up €935 (+16.9%), from €5,542 to €6,477
- Gross operating margin -€355
down €355 (-3.2%), from €11,058 to €10,703
- Other operating charges +€268
up €268 (+59.5%), from €451 to €719
- Taxes +€159
up €159 (+31.5%), from €503 to €662
- Financial charges +€130
up €130 (+159.7%), from €81 to €211
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 | €68,610 | €123,509 | +€54,900 | +80.0% |
| Fixed assets | 21/28 | €39,707 | €48,230 | +€8,523 | +21.5% |
| Tangible fixed assets | 22/27 | €26,265 | €34,788 | +€8,523 | +32.5% |
| Furniture and vehicles | 24 | €26,265 | €34,788 | +€8,523 | +32.5% |
| Financial fixed assets | 28 | €13,442 | €13,442 | = | 0.0% |
| Current assets | 29/58 | €28,903 | €75,279 | +€46,376 | +160.5% |
| Stocks and contracts in progress | 3 | €9,007 | - | -€9,007 | |
| Stocks | 30/36 | €9,007 | - | -€9,007 | |
| Amounts receivable within one year | 40/41 | €16,574 | €75,074 | +€58,501 | +353.0% |
| Trade receivables | 40 | €16,574 | €32,797 | +€16,224 | +97.9% |
| Other amounts receivable | 41 | - | €42,277 | +€42,277 | |
| Cash at bank and in hand | 54/58 | €3,226 | €99 | -€3,127 | -96.9% |
| Deferred charges and accrued income | 490/1 | €96 | €106 | +€9 | +9.8% |
| Total equity and liabilities | 10/49 | €68,610 | €123,509 | +€54,900 | +80.0% |
| Equity | 10/15 | €9,123 | €10,939 | +€1,816 | +19.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,123 | €5,939 | +€1,816 | +44.0% |
| Distributable reserves | 133 | €4,123 | €5,939 | +€1,816 | +44.0% |
| Amounts payable | 17/49 | €59,487 | €112,570 | +€53,084 | +89.2% |
| Amounts payable within one year | 42/48 | €59,487 | €112,570 | +€53,084 | +89.2% |
| Trade debts | 44 | €3,963 | €1,125 | -€2,838 | -71.6% |
| Suppliers | 440/4 | €3,963 | €1,125 | -€2,838 | -71.6% |
| Taxes, remuneration and social security | 45 | €2,574 | €713 | -€1,861 | -72.3% |
| Taxes | 450/3 | €2,574 | €713 | -€1,861 | -72.3% |
| Other amounts payable | 47/48 | €52,950 | €110,733 | +€57,783 | +109.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,542 | €6,477 | +€935 | +16.9% |
| Other operating charges | 640/8 | €451 | €719 | +€268 | +59.5% |
| Gross operating margin | 9900 | €11,058 | €10,703 | -€355 | -3.2% |
| Operating profit (loss) | 9901 | €5,065 | €3,507 | -€1,558 | -30.8% |
| Financial income | 75/76B | €26 | €16 | -€10 | -38.3% |
| Recurring financial income | 75 | €26 | €16 | -€10 | -38.3% |
| Financial charges | 65/66B | €81 | €211 | +€130 | +159.7% |
| Recurring financial charges | 65 | €81 | €211 | +€130 | +159.7% |
| Profit (loss) for the period before taxes | 9903 | €5,009 | €3,311 | -€1,698 | -33.9% |
| Income taxes | 67/77 | €503 | €662 | +€159 | +31.5% |
| Profit (loss) for the period | 9904 | €4,506 | €2,649 | -€1,857 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,506 | €2,649 | -€1,857 | -41.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.