HOMEGROUND: 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.
HOMEGROUND
Largest movements
- Stocks and contracts +€2.9m
up €2.9m (+25.3%), from €11.5m to €14.4m
- Short-term financial debts +€2.0m
up €2.0m (+23.0%), from €8.8m to €10.8m
- Debts after one year +€1.0m
up €1.0m (+44.4%), from €2.3m to €3.3m
of which Financial debts: +€1.0m
- Financial charges +€276,950
up €276,950 (+67.2%), from €412,179 to €689,128
- Gross operating margin +€59,669
up €59,669 (+11.9%), from €501,932 to €561,600
- Financial income +€11,570
up €11,570, from €0 to €11,570
- Other operating charges +€8,986
up €8,986 (+317.6%), from €2,829 to €11,815
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,613,147 | €14,506,873 | +€2.9m | +24.9% |
| Current assets | 29/58 | €11,613,147 | €14,506,873 | +€2.9m | +24.9% |
| Stocks and contracts in progress | 3 | €11,473,907 | €14,378,168 | +€2.9m | +25.3% |
| Stocks | 30/36 | €11,473,907 | €14,378,168 | +€2.9m | +25.3% |
| Amounts receivable within one year | 40/41 | €102,125 | €0 | -€102,125 | -100.0% |
| Trade receivables | 40 | €1,500 | €0 | -€1,500 | -100.0% |
| Other amounts receivable | 41 | €100,625 | €0 | -€100,625 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,790 | €128,380 | +€91,590 | +248.9% |
| Deferred charges and accrued income | 490/1 | €325 | €325 | = | 0.0% |
| Total equity and liabilities | 10/49 | €11,613,147 | €14,506,873 | +€2.9m | +24.9% |
| Equity | 10/15 | €499,994 | €372,221 | -€127,773 | -25.6% |
| Contributions | 10/11 | €374,246 | €374,246 | = | 0.0% |
| Capital | 10 | €374,246 | €374,246 | = | 0.0% |
| Issued capital | 100 | €374,246 | €374,246 | = | 0.0% |
| Reserves | 13 | €125,748 | €35,000 | -€90,748 | -72.2% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €90,748 | €0 | -€90,748 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€37,025 | -€37,025 | |
| Amounts payable | 17/49 | €11,113,153 | €14,134,652 | +€3.0m | +27.2% |
| Amounts payable after more than one year | 17 | €2,251,190 | €3,251,190 | +€1.0m | +44.4% |
| Financial debts | 170/4 | €2,250,000 | €3,250,000 | +€1.0m | +44.4% |
| Other amounts payable | 178/9 | €1,190 | €1,190 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,861,474 | €10,880,265 | +€2.0m | +22.8% |
| Financial debts | 43 | €8,794,675 | €10,816,428 | +€2.0m | +23.0% |
| Credit institutions | 430/8 | €8,794,675 | €10,816,428 | +€2.0m | +23.0% |
| Trade debts | 44 | €19,924 | €18,838 | -€1,087 | -5.5% |
| Suppliers | 440/4 | €19,924 | €18,838 | -€1,087 | -5.5% |
| Advances received on contracts in progress | 46 | €45,000 | €45,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,875 | €0 | -€1,875 | -100.0% |
| Taxes | 450/3 | €1,875 | €0 | -€1,875 | -100.0% |
| Accrued charges and deferred income | 492/3 | €489 | €3,197 | +€2,708 | +553.3% |
| Non-recurring operating income | 76A | €456,534 | €0 | -€456,534 | -100.0% |
| Other operating charges | 640/8 | €2,829 | €11,815 | +€8,986 | +317.6% |
| Gross operating margin | 9900 | €501,932 | €561,600 | +€59,669 | +11.9% |
| Operating profit (loss) | 9901 | €499,102 | €549,785 | +€50,683 | +10.2% |
| Financial income | 75/76B | €0 | €11,570 | +€11,570 | |
| Recurring financial income | 75 | €0 | €11,570 | +€11,570 | |
| Financial charges | 65/66B | €412,179 | €689,128 | +€276,950 | +67.2% |
| Recurring financial charges | 65 | €412,179 | €689,128 | +€276,950 | +67.2% |
| Profit (loss) for the period before taxes | 9903 | €86,924 | -€127,773 | -€214,697 | |
| Profit (loss) for the period | 9904 | €86,924 | -€127,773 | -€214,697 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,924 | -€127,773 | -€214,697 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.