HOMERUN: 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.
HOMERUN
Largest movements
- Cash -€34,508
down €34,508 (-74.1%), from €46,593 to €12,086
mainly Net result for the year (-€50,070) and Trade debts (-€20,845)
- Receivables within one year -€19,043
down €19,043 (-99.1%), from €19,225 to €182
of which Trade receivables: -€18,193
- Tangible fixed assets -€15,473
down €15,473 (-21.3%), from €72,631 to €57,158
of which Furniture and vehicles: -€10,648
- Profit (loss) carried forward -€50,070
down €50,070 (-97.5%), from €51,337 to €1,267
- Trade debts -€20,845
down €20,845 (-93.0%), from €22,416 to €1,571
- Other debts +€2,317
up €2,317 (+32.9%), from €7,040 to €9,357
- Gross operating margin -€53,295
down €53,295, from €22,743 to -€30,552
- Other operating charges -€4,280
down €4,280 (-91.5%), from €4,680 to €400
- Depreciation +€3,868
up €3,868 (+33.6%), from €11,502 to €15,369
- Taxes -€3,114
down €3,114 (-85.3%), from €3,650 to €535
- Financial charges +€2,096
up €2,096 (+207%), from €1,014 to €3,110
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 | €141,052 | €72,038 | -€69,014 | -48.9% |
| Fixed assets | 21/28 | €72,994 | €57,521 | -€15,473 | -21.2% |
| Tangible fixed assets | 22/27 | €72,631 | €57,158 | -€15,473 | -21.3% |
| Plant, machinery and equipment | 23 | €2,778 | €751 | -€2,027 | -73.0% |
| Furniture and vehicles | 24 | €43,102 | €32,454 | -€10,648 | -24.7% |
| Other tangible fixed assets | 26 | €26,751 | €23,953 | -€2,798 | -10.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €68,058 | €14,517 | -€53,541 | -78.7% |
| Amounts receivable within one year | 40/41 | €19,225 | €182 | -€19,043 | -99.1% |
| Trade receivables | 40 | €18,193 | €0 | -€18,193 | -100% |
| Other amounts receivable | 41 | €1,032 | €182 | -€850 | -82.4% |
| Cash at bank and in hand | 54/58 | €46,593 | €12,086 | -€34,508 | -74.1% |
| Deferred charges and accrued income | 490/1 | €2,240 | €2,249 | +€10 | +0.4% |
| Total equity and liabilities | 10/49 | €141,052 | €72,038 | -€69,014 | -48.9% |
| Equity | 10/15 | €110,191 | €60,121 | -€50,070 | -45.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €52,657 | €52,657 | = | 0.0% |
| Distributable reserves | 133 | €52,657 | €52,657 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,337 | €1,267 | -€50,070 | -97.5% |
| Amounts payable | 17/49 | €30,861 | €11,917 | -€18,944 | -61.4% |
| Amounts payable within one year | 42/48 | €30,861 | €11,917 | -€18,944 | -61.4% |
| Trade debts | 44 | €22,416 | €1,571 | -€20,845 | -93.0% |
| Suppliers | 440/4 | €22,416 | €1,571 | -€20,845 | -93.0% |
| Taxes, remuneration and social security | 45 | €1,405 | €989 | -€416 | -29.6% |
| Taxes | 450/3 | €1,405 | €989 | -€416 | -29.6% |
| Other amounts payable | 47/48 | €7,040 | €9,357 | +€2,317 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,502 | €15,369 | +€3,868 | +33.6% |
| Other operating charges | 640/8 | €4,680 | €400 | -€4,280 | -91.5% |
| Non-recurring operating charges | 66A | €19,060 | €104 | -€18,956 | -99.5% |
| Gross operating margin | 9900 | €22,743 | -€30,552 | -€53,295 | |
| Operating profit (loss) | 9901 | -€12,499 | -€46,425 | -€33,926 | -271% |
| Financial income | 75/76B | €690 | - | -€690 | |
| Recurring financial income | 75 | €690 | - | -€690 | |
| Financial charges | 65/66B | €1,014 | €3,110 | +€2,096 | +207% |
| Recurring financial charges | 65 | €1,014 | €3,110 | +€2,096 | +207% |
| Profit (loss) for the period before taxes | 9903 | -€12,823 | -€49,535 | -€36,712 | -286% |
| Income taxes | 67/77 | €3,650 | €535 | -€3,114 | -85.3% |
| Profit (loss) for the period | 9904 | -€16,473 | -€50,070 | -€33,597 | -204% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,473 | -€50,070 | -€33,597 | -204% |
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 31 October 2026 via checked.be.