HOKI: 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.
HOKI
Largest movements
- Stocks and contracts -€70,431
no longer reported in 2025 (was €70,431)
- Tangible fixed assets -€14,809
down €14,809 (-98.2%), from €15,074 to €265
- Receivables within one year +€11,166
up €11,166 (+50.4%), from €22,163 to €33,329
- Cash -€4,269
down €4,269 (-85.4%), from €4,998 to €729
mainly Net result for the year (-€42,564) and Trade debts (-€40,499)
- Profit (loss) carried forward -€42,564
down €42,564 (-6.2%), from -€683,836 to -€726,400
- Trade debts -€40,499
down €40,499 (-7.0%), from €575,846 to €535,347
- Tax, wage and social debts +€3,978
up €3,978 (+17.5%), from €22,785 to €26,763
of which Taxes: +€20,733
- Gross operating margin +€69,147
up €69,147 (+200.4%), from €34,509 to €103,656
- Staff costs -€14,527
down €14,527 (-10.4%), from €140,348 to €125,821
- Depreciation -€9,026
down €9,026 (-36.6%), from €24,654 to €15,628
- Other operating charges -€4,018
down €4,018 (-51.4%), from €7,815 to €3,798
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 | €113,399 | €34,323 | -€79,076 | -69.7% |
| Fixed assets | 21/28 | €15,074 | €265 | -€14,809 | -98.2% |
| Tangible fixed assets | 22/27 | €15,074 | €265 | -€14,809 | -98.2% |
| Other tangible fixed assets | 26 | €15,074 | €265 | -€14,809 | -98.2% |
| Current assets | 29/58 | €98,325 | €34,058 | -€64,267 | -65.4% |
| Stocks and contracts in progress | 3 | €70,431 | - | -€70,431 | |
| Stocks | 30/36 | €70,431 | - | -€70,431 | |
| Amounts receivable within one year | 40/41 | €22,163 | €33,329 | +€11,166 | +50.4% |
| Trade receivables | 40 | €22,163 | €33,329 | +€11,166 | +50.4% |
| Cash at bank and in hand | 54/58 | €4,998 | €729 | -€4,269 | -85.4% |
| Deferred charges and accrued income | 490/1 | €733 | - | -€733 | |
| Total equity and liabilities | 10/49 | €113,399 | €34,323 | -€79,076 | -69.7% |
| Equity | 10/15 | -€508,836 | -€551,400 | -€42,564 | -8.4% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€683,836 | -€726,400 | -€42,564 | -6.2% |
| Amounts payable | 17/49 | €622,235 | €585,723 | -€36,512 | -5.9% |
| Amounts payable within one year | 42/48 | €621,992 | €585,723 | -€36,269 | -5.8% |
| Trade debts | 44 | €575,846 | €535,347 | -€40,499 | -7.0% |
| Suppliers | 440/4 | €575,846 | €535,347 | -€40,499 | -7.0% |
| Taxes, remuneration and social security | 45 | €22,785 | €26,763 | +€3,978 | +17.5% |
| Taxes | 450/3 | €5,673 | €26,406 | +€20,733 | +365.5% |
| Remuneration and social security | 454/9 | €17,112 | €357 | -€16,755 | -97.9% |
| Other amounts payable | 47/48 | €23,361 | €23,613 | +€252 | +1.1% |
| Accrued charges and deferred income | 492/3 | €243 | - | -€243 | |
| Remuneration, social security and pensions | 62 | €140,348 | €125,821 | -€14,527 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,654 | €15,628 | -€9,026 | -36.6% |
| Other operating charges | 640/8 | €7,815 | €3,798 | -€4,018 | -51.4% |
| Gross operating margin | 9900 | €34,509 | €103,656 | +€69,147 | +200.4% |
| Operating profit (loss) | 9901 | -€138,308 | -€41,590 | +€96,718 | +69.9% |
| Financial income | 75/76B | €10 | €319 | +€310 | +3258.6% |
| Recurring financial income | 75 | €10 | €319 | +€310 | +3258.6% |
| Financial charges | 65/66B | €1,198 | €1,293 | +€95 | +8.0% |
| Recurring financial charges | 65 | €1,198 | €1,293 | +€95 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | -€139,497 | -€42,564 | +€96,932 | +69.5% |
| Profit (loss) for the period | 9904 | -€139,497 | -€42,564 | +€96,932 | +69.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€139,497 | -€42,564 | +€96,932 | +69.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.