HoKaya: 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.
HoKaya
Largest movements
- Current investments +€130,478
up €130,478 (+84.7%), from €154,132 to €284,610
- Cash +€87,074
up €87,074 (+11.2%), from €779,181 to €866,255
mainly Net result for the year (+€233,134) and Current portion of long-term debt (+€23,556)
- Reserves +€174,105
up €174,105 (+18.8%), from €924,286 to €1.1m
- Current portion of long-term debt +€23,556
new in 2025: €23,556
- Trade debts +€18,500
up €18,500 (+313%), from €5,916 to €24,416
- Gross operating margin +€28,247
up €28,247 (+9.2%), from €306,580 to €334,827
- Taxes +€7,958
up €7,958 (+8.3%), from €96,266 to €104,224
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.
Derived cash bridge
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 | €971,674 | €1,189,701 | +€218,027 | +22.4% |
| Fixed assets | 21/28 | €14,577 | €13,609 | -€969 | -6.6% |
| Tangible fixed assets | 22/27 | €2,397 | €1,429 | -€969 | -40.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €967 | €693 | -€274 | -28.3% |
| Other tangible fixed assets | 26 | €1,430 | €735 | -€695 | -48.6% |
| Financial fixed assets | 28 | €12,180 | €12,180 | = | 0.0% |
| Current assets | 29/58 | €957,097 | €1,176,093 | +€218,996 | +22.9% |
| Amounts receivable within one year | 40/41 | €22,289 | €25,228 | +€2,939 | +13.2% |
| Trade receivables | 40 | €18,700 | €18,845 | +€145 | +0.8% |
| Other amounts receivable | 41 | €3,588 | €6,382 | +€2,794 | +77.9% |
| Current investments | 50/53 | €154,132 | €284,610 | +€130,478 | +84.7% |
| Cash at bank and in hand | 54/58 | €779,181 | €866,255 | +€87,074 | +11.2% |
| Deferred charges and accrued income | 490/1 | €1,495 | €0 | -€1,495 | -100% |
| Total equity and liabilities | 10/49 | €971,674 | €1,189,701 | +€218,027 | +22.4% |
| Equity | 10/15 | €944,286 | €1,118,391 | +€174,105 | +18.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €924,286 | €1,098,391 | +€174,105 | +18.8% |
| Distributable reserves | 133 | €924,286 | €1,098,391 | +€174,105 | +18.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,388 | €71,311 | +€43,922 | +160% |
| Amounts payable within one year | 42/48 | €27,388 | €71,311 | +€43,922 | +160% |
| Current portion of amounts payable after more than one year | 42 | - | €23,556 | +€23,556 | |
| Trade debts | 44 | €5,916 | €24,416 | +€18,500 | +313% |
| Suppliers | 440/4 | €5,916 | €24,416 | +€18,500 | +313% |
| Taxes, remuneration and social security | 45 | €21,472 | €23,338 | +€1,866 | +8.7% |
| Taxes | 450/3 | €21,472 | €23,338 | +€1,866 | +8.7% |
| Non-recurring operating income | 76A | €16,437 | €0 | -€16,437 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,358 | €969 | -€389 | -28.7% |
| Other operating charges | 640/8 | €1,289 | €1,172 | -€117 | -9.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €306,580 | €334,827 | +€28,247 | +9.2% |
| Operating profit (loss) | 9901 | €303,933 | €332,686 | +€28,753 | +9.5% |
| Financial income | 75/76B | €7,772 | €7,643 | -€129 | -1.7% |
| Recurring financial income | 75 | €7,772 | €7,643 | -€129 | -1.7% |
| Financial charges | 65/66B | €718 | €2,971 | +€2,254 | +314% |
| Recurring financial charges | 65 | €718 | €2,971 | +€2,254 | +314% |
| Profit (loss) for the period before taxes | 9903 | €310,988 | €337,358 | +€26,371 | +8.5% |
| Income taxes | 67/77 | €96,266 | €104,224 | +€7,958 | +8.3% |
| Profit (loss) for the period | 9904 | €214,722 | €233,134 | +€18,413 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €214,722 | €233,134 | +€18,413 | +8.6% |
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 25 October 2026 via checked.be.