HOKTO: 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.
HOKTO
Largest movements
- Receivables within one year +€9,911
up €9,911 (+83.8%), from €11,831 to €21,742
- Cash +€7,107
up €7,107 (+41.3%), from €17,208 to €24,315
mainly Net result for the year (+€12,530) and Trade debts (+€2,454)
- Profit (loss) carried forward +€11,697
up €11,697 (+74.2%), from €15,761 to €27,458
- Trade debts +€2,454
up €2,454 (+1,504%), from €163 to €2,618
- Tax, wage and social debts +€2,110
up €2,110 (+34.1%), from €6,183 to €8,293
of which Taxes: +€2,110
- Gross operating margin -€4,419
down €4,419 (-20.5%), from €21,525 to €17,106
- Taxes -€1,021
down €1,021 (-22.3%), from €4,590 to €3,569
- Financial charges +€625
up €625 (+907%), from €69 to €693
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 | €30,112 | €46,782 | +€16,670 | +55.4% |
| Fixed assets | 21/28 | €698 | €383 | -€315 | -45.1% |
| Tangible fixed assets | 22/27 | €698 | €383 | -€315 | -45.1% |
| Furniture and vehicles | 24 | €698 | €383 | -€315 | -45.1% |
| Current assets | 29/58 | €29,414 | €46,399 | +€16,985 | +57.7% |
| Amounts receivable within one year | 40/41 | €11,831 | €21,742 | +€9,911 | +83.8% |
| Trade receivables | 40 | €11,831 | €21,742 | +€9,911 | +83.8% |
| Cash at bank and in hand | 54/58 | €17,208 | €24,315 | +€7,107 | +41.3% |
| Deferred charges and accrued income | 490/1 | €376 | €343 | -€33 | -8.8% |
| Total equity and liabilities | 10/49 | €30,112 | €46,782 | +€16,670 | +55.4% |
| Equity | 10/15 | €16,261 | €27,958 | +€11,697 | +71.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,761 | €27,458 | +€11,697 | +74.2% |
| Amounts payable | 17/49 | €13,851 | €18,824 | +€4,973 | +35.9% |
| Amounts payable within one year | 42/48 | €13,851 | €18,824 | +€4,973 | +35.9% |
| Trade debts | 44 | €163 | €2,618 | +€2,454 | +1,504% |
| Suppliers | 440/4 | €163 | €2,618 | +€2,454 | +1,504% |
| Taxes, remuneration and social security | 45 | €6,183 | €8,293 | +€2,110 | +34.1% |
| Taxes | 450/3 | €4,183 | €6,293 | +€2,110 | +50.4% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €7,505 | €7,913 | +€408 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246 | €315 | +€68 | +27.8% |
| Gross operating margin | 9900 | €21,525 | €17,106 | -€4,419 | -20.5% |
| Operating profit (loss) | 9901 | €21,279 | €16,792 | -€4,487 | -21.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €69 | €693 | +€625 | +907% |
| Recurring financial charges | 65 | €69 | €693 | +€625 | +907% |
| Profit (loss) for the period before taxes | 9903 | €21,210 | €16,099 | -€5,111 | -24.1% |
| Income taxes | 67/77 | €4,590 | €3,569 | -€1,021 | -22.3% |
| Profit (loss) for the period | 9904 | €16,620 | €12,530 | -€4,089 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,620 | €12,530 | -€4,089 | -24.6% |
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 17 October 2026 via checked.be.