HOKRI: 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.
HOKRI
Largest movements
- Cash +€32,694
up €32,694 (+23.8%), from €137,651 to €170,345
mainly Depreciation (+€66,995) and Net result for the year (+€36,214)
- Tangible fixed assets -€20,984
down €20,984 (-3.2%), from €659,080 to €638,096
of which Plant, machinery and equipment: -€23,595
- Debts after one year -€44,374
down €44,374 (-7.9%), from €561,402 to €517,029
- Reserves +€19,000
up €19,000 (+11.1%), from €171,360 to €190,360
- Other debts +€16,832
up €16,832 (+12.6%), from €133,547 to €150,379
- Trade debts +€13,265
up €13,265 (+254.0%), from €5,222 to €18,488
- Gross operating margin +€15,557
up €15,557 (+11.5%), from €135,079 to €150,636
- Depreciation +€10,105
up €10,105 (+17.8%), from €56,890 to €66,995
- Taxes +€6,093
up €6,093 (+55.3%), from €11,020 to €17,112
- Financial charges +€4,385
up €4,385 (+21.4%), from €20,477 to €24,862
- Other operating charges +€2,539
up €2,539 (+55.8%), from €4,553 to €7,092
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 | €954,669 | €966,813 | +€12,144 | +1.3% |
| Fixed assets | 21/28 | €659,080 | €638,096 | -€20,984 | -3.2% |
| Tangible fixed assets | 22/27 | €659,080 | €638,096 | -€20,984 | -3.2% |
| Land and buildings | 22 | €523,837 | €527,361 | +€3,524 | +0.7% |
| Plant, machinery and equipment | 23 | €110,971 | €87,376 | -€23,595 | -21.3% |
| Furniture and vehicles | 24 | €24,272 | €23,359 | -€912 | -3.8% |
| Current assets | 29/58 | €295,590 | €328,717 | +€33,128 | +11.2% |
| Stocks and contracts in progress | 3 | €14,066 | €18,167 | +€4,101 | +29.2% |
| Stocks | 30/36 | €14,066 | €18,167 | +€4,101 | +29.2% |
| Amounts receivable within one year | 40/41 | €143,084 | €138,507 | -€4,577 | -3.2% |
| Trade receivables | 40 | €352 | €695 | +€343 | +97.3% |
| Other amounts receivable | 41 | €142,731 | €137,812 | -€4,920 | -3.4% |
| Cash at bank and in hand | 54/58 | €137,651 | €170,345 | +€32,694 | +23.8% |
| Deferred charges and accrued income | 490/1 | €788 | €1,698 | +€909 | +115.4% |
| Total equity and liabilities | 10/49 | €954,669 | €966,813 | +€12,144 | +1.3% |
| Equity | 10/15 | €198,747 | €217,961 | +€19,214 | +9.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €171,360 | €190,360 | +€19,000 | +11.1% |
| Distributable reserves | 133 | €171,360 | €190,360 | +€19,000 | +11.1% |
| Profit (loss) carried forward | 14 | €14,987 | €15,201 | +€214 | +1.4% |
| Amounts payable | 17/49 | €755,922 | €748,852 | -€7,070 | -0.9% |
| Amounts payable after more than one year | 17 | €561,402 | €517,029 | -€44,374 | -7.9% |
| Financial debts | 170/4 | €561,402 | €517,029 | -€44,374 | -7.9% |
| Amounts payable within one year | 42/48 | €193,220 | €230,523 | +€37,303 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €43,951 | €51,416 | +€7,466 | +17.0% |
| Trade debts | 44 | €5,222 | €18,488 | +€13,265 | +254.0% |
| Suppliers | 440/4 | €5,222 | €18,488 | +€13,265 | +254.0% |
| Taxes, remuneration and social security | 45 | €10,500 | €10,240 | -€260 | -2.5% |
| Taxes | 450/3 | €10,500 | €10,240 | -€260 | -2.5% |
| Other amounts payable | 47/48 | €133,547 | €150,379 | +€16,832 | +12.6% |
| Accrued charges and deferred income | 492/3 | €1,300 | €1,300 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €77 | €149 | +€72 | +93.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,890 | €66,995 | +€10,105 | +17.8% |
| Other operating charges | 640/8 | €4,553 | €7,092 | +€2,539 | +55.8% |
| Gross operating margin | 9900 | €135,079 | €150,636 | +€15,557 | +11.5% |
| Operating profit (loss) | 9901 | €73,559 | €76,400 | +€2,841 | +3.9% |
| Financial income | 75/76B | €602 | €1,789 | +€1,187 | +197.3% |
| Recurring financial income | 75 | €602 | €1,789 | +€1,187 | +197.3% |
| Financial charges | 65/66B | €20,477 | €24,862 | +€4,385 | +21.4% |
| Recurring financial charges | 65 | €20,477 | €24,862 | +€4,385 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €53,684 | €53,327 | -€357 | -0.7% |
| Income taxes | 67/77 | €11,020 | €17,112 | +€6,093 | +55.3% |
| Profit (loss) for the period | 9904 | €42,664 | €36,214 | -€6,450 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,664 | €36,214 | -€6,450 | -15.1% |
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.