HOKU: 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.
HOKU
Largest movements
- Tangible fixed assets -€19,686
down €19,686 (-11.4%), from €172,135 to €152,449
of which Leasing and similar rights: -€10,224
- Receivables within one year +€15,162
up €15,162 (+37.1%), from €40,906 to €56,069
of which Trade receivables: +€24,730
- Stocks and contracts -€9,842
down €9,842 (-12.6%), from €78,208 to €68,366
- Advances received -€39,639
down €39,639 (-93.0%), from €42,615 to €2,976
- Debts after one year -€18,572
down €18,572 (-27.1%), from €68,567 to €49,995
- Reserves +€14,792
up €14,792 (+9.0%), from €165,197 to €179,988
of which Distributable reserves: +€14,792
- Accrued charges and deferred income +€14,543
new in 2025: €14,543
- Tax, wage and social debts +€12,309
up €12,309 (+85.3%), from €14,435 to €26,744
- Gross operating margin -€7,305
down €7,305 (-13.1%), from €55,636 to €48,331
- Taxes -€5,286
down €5,286 (-41.5%), from €12,745 to €7,459
- Depreciation +€3,825
up €3,825 (+22.0%), from €17,410 to €21,236
- Financial charges +€3,732
new in 2025: €3,732
of which Financial charges: +€3,669
- Other operating charges +€777
up €777 (+231%), from €336 to €1,112
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 | €355,269 | €339,649 | -€15,621 | -4.4% |
| Fixed assets | 21/28 | €172,135 | €152,449 | -€19,686 | -11.4% |
| Tangible fixed assets | 22/27 | €172,135 | €152,449 | -€19,686 | -11.4% |
| Plant, machinery and equipment | 23 | €17,423 | €15,690 | -€1,733 | -9.9% |
| Furniture and vehicles | 24 | €7,865 | €6,367 | -€1,498 | -19.1% |
| Leasing and similar rights | 25 | €66,675 | €56,451 | -€10,224 | -15.3% |
| Other tangible fixed assets | 26 | €80,172 | €73,940 | -€6,231 | -7.8% |
| Current assets | 29/58 | €183,135 | €187,200 | +€4,066 | +2.2% |
| Stocks and contracts in progress | 3 | €78,208 | €68,366 | -€9,842 | -12.6% |
| Stocks | 30/36 | €78,208 | €68,366 | -€9,842 | -12.6% |
| Amounts receivable within one year | 40/41 | €40,906 | €56,069 | +€15,162 | +37.1% |
| Trade receivables | 40 | €3,405 | €28,134 | +€24,730 | +726% |
| Other amounts receivable | 41 | €37,502 | €27,934 | -€9,568 | -25.5% |
| Cash at bank and in hand | 54/58 | €64,020 | €61,689 | -€2,331 | -3.6% |
| Deferred charges and accrued income | 490/1 | - | €1,077 | +€1,077 | |
| Total equity and liabilities | 10/49 | €355,269 | €339,649 | -€15,621 | -4.4% |
| Equity | 10/15 | €174,397 | €189,188 | +€14,792 | +8.5% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Reserves | 13 | €165,197 | €179,988 | +€14,792 | +9.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €163,337 | €178,128 | +€14,792 | +9.1% |
| Amounts payable | 17/49 | €180,873 | €150,460 | -€30,412 | -16.8% |
| Amounts payable after more than one year | 17 | €68,567 | €49,995 | -€18,572 | -27.1% |
| Financial debts | 170/4 | €68,567 | €49,995 | -€18,572 | -27.1% |
| Amounts payable within one year | 42/48 | €112,305 | €85,923 | -€26,382 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €24,202 | €18,537 | -€5,664 | -23.4% |
| Trade debts | 44 | €6,842 | €12,397 | +€5,555 | +81.2% |
| Suppliers | 440/4 | €6,842 | €12,397 | +€5,555 | +81.2% |
| Advances received on contracts in progress | 46 | €42,615 | €2,976 | -€39,639 | -93.0% |
| Taxes, remuneration and social security | 45 | €14,435 | €26,744 | +€12,309 | +85.3% |
| Taxes | 450/3 | €14,435 | €26,744 | +€12,309 | +85.3% |
| Other amounts payable | 47/48 | €24,212 | €25,268 | +€1,056 | +4.4% |
| Accrued charges and deferred income | 492/3 | - | €14,543 | +€14,543 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,410 | €21,236 | +€3,825 | +22.0% |
| Other operating charges | 640/8 | €336 | €1,112 | +€777 | +231% |
| Gross operating margin | 9900 | €55,636 | €48,331 | -€7,305 | -13.1% |
| Operating profit (loss) | 9901 | €37,890 | €25,983 | -€11,907 | -31.4% |
| Financial income | 75/76B | €324 | - | -€324 | |
| Recurring financial income | 75 | €324 | - | -€324 | |
| Financial charges | 65/66B | - | €3,732 | +€3,732 | |
| Recurring financial charges | 65 | - | €3,669 | +€3,669 | |
| Non-recurring financial charges | 66B | - | €63 | +€63 | |
| Profit (loss) for the period before taxes | 9903 | €38,214 | €22,251 | -€15,963 | -41.8% |
| Income taxes | 67/77 | €12,745 | €7,459 | -€5,286 | -41.5% |
| Profit (loss) for the period | 9904 | €25,469 | €14,792 | -€10,677 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,469 | €14,792 | -€10,677 | -41.9% |
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 18 October 2026 via checked.be.