HoMa: 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.
HoMa
Largest movements
- Cash +€10,256
up €10,256 (+328%), from €3,126 to €13,383
mainly Other debts (+€6,250) and Net result for the year (+€5,941)
- Tangible fixed assets +€6,016
up €6,016 (+199%), from €3,020 to €9,036
of which Plant, machinery and equipment: +€4,775
- Receivables within one year -€363
down €363 (-5.1%), from €7,168 to €6,805
- Other debts +€6,250
up €6,250 (+254%), from €2,458 to €8,708
- Reserves +€5,941
up €5,941 (+269%), from €2,212 to €8,153
- Tax, wage and social debts +€4,265
up €4,265 (+322%), from €1,325 to €5,590
- Trade debts -€493
down €493 (-31.7%), from €1,557 to €1,063
- Gross operating margin +€4,520
up €4,520 (+70.6%), from €6,405 to €10,925
- Financial charges -€2,012
down €2,012 (-92.8%), from €2,167 to €156
- Taxes +€1,648
up €1,648 (+172%), from €957 to €2,605
- Depreciation +€1,037
up €1,037 (+97.0%), from €1,068 to €2,105
- Other operating charges +€118
new in 2025: €118
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 | €13,410 | €29,374 | +€15,964 | +119% |
| Fixed assets | 21/28 | €3,020 | €9,036 | +€6,016 | +199% |
| Tangible fixed assets | 22/27 | €3,020 | €9,036 | +€6,016 | +199% |
| Plant, machinery and equipment | 23 | - | €4,775 | +€4,775 | |
| Furniture and vehicles | 24 | €3,020 | €4,261 | +€1,241 | +41.1% |
| Current assets | 29/58 | €10,390 | €20,338 | +€9,947 | +95.7% |
| Amounts receivable within one year | 40/41 | €7,168 | €6,805 | -€363 | -5.1% |
| Trade receivables | 40 | €7,168 | €6,805 | -€363 | -5.1% |
| Cash at bank and in hand | 54/58 | €3,126 | €13,383 | +€10,256 | +328% |
| Deferred charges and accrued income | 490/1 | €96 | €151 | +€54 | +56.6% |
| Total equity and liabilities | 10/49 | €13,410 | €29,374 | +€15,964 | +119% |
| Equity | 10/15 | €8,071 | €14,012 | +€5,941 | +73.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €2,212 | €8,153 | +€5,941 | +269% |
| Distributable reserves | 133 | €2,212 | €8,153 | +€5,941 | +269% |
| Profit (loss) carried forward | 14 | €1,859 | €1,859 | = | 0.0% |
| Amounts payable | 17/49 | €5,339 | €15,362 | +€10,022 | +188% |
| Amounts payable within one year | 42/48 | €5,339 | €15,362 | +€10,022 | +188% |
| Trade debts | 44 | €1,557 | €1,063 | -€493 | -31.7% |
| Suppliers | 440/4 | €1,557 | €1,063 | -€493 | -31.7% |
| Taxes, remuneration and social security | 45 | €1,325 | €5,590 | +€4,265 | +322% |
| Taxes | 450/3 | €1,325 | €5,590 | +€4,265 | +322% |
| Other amounts payable | 47/48 | €2,458 | €8,708 | +€6,250 | +254% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,068 | €2,105 | +€1,037 | +97.0% |
| Other operating charges | 640/8 | - | €118 | +€118 | |
| Gross operating margin | 9900 | €6,405 | €10,925 | +€4,520 | +70.6% |
| Operating profit (loss) | 9901 | €5,337 | €8,702 | +€3,365 | +63.1% |
| Financial charges | 65/66B | €2,167 | €156 | -€2,012 | -92.8% |
| Recurring financial charges | 65 | €2,167 | €156 | -€2,012 | -92.8% |
| Profit (loss) for the period before taxes | 9903 | €3,169 | €8,546 | +€5,377 | +170% |
| Income taxes | 67/77 | €957 | €2,605 | +€1,648 | +172% |
| Profit (loss) for the period | 9904 | €2,212 | €5,941 | +€3,729 | +169% |
| Profit (loss) for the period to be appropriated | 9905 | €2,212 | €5,941 | +€3,729 | +169% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.