HOMERUN PROJECTS: 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.
HOMERUN PROJECTS
Largest movements
- Tangible fixed assets -€22,288
down €22,288 (-3.0%), from €744,401 to €722,113
- Debts after one year -€20,803
down €20,803 (-5.2%), from €403,718 to €382,915
- Gross operating margin +€3,220
up €3,220 (+11.9%), from €27,124 to €30,344
- Financial charges -€477
down €477 (-4.0%), from €11,906 to €11,429
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.
Cash bridge derived
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 | €746,395 | €724,889 | -€21,506 | -2.9% |
| Fixed assets | 21/28 | €744,401 | €722,113 | -€22,288 | -3.0% |
| Tangible fixed assets | 22/27 | €744,401 | €722,113 | -€22,288 | -3.0% |
| Land and buildings | 22 | €744,401 | €722,113 | -€22,288 | -3.0% |
| Current assets | 29/58 | €1,994 | €2,776 | +€782 | +39.2% |
| Cash at bank and in hand | 54/58 | €1,994 | €2,776 | +€782 | +39.2% |
| Total equity and liabilities | 10/49 | €746,395 | €724,889 | -€21,506 | -2.9% |
| Equity | 10/15 | -€44,435 | -€50,611 | -€6,176 | -13.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,840 | -€71,016 | -€6,176 | -9.5% |
| Amounts payable | 17/49 | €790,830 | €775,501 | -€15,330 | -1.9% |
| Amounts payable after more than one year | 17 | €403,718 | €382,915 | -€20,803 | -5.2% |
| Financial debts | 170/4 | €403,718 | €382,915 | -€20,803 | -5.2% |
| Amounts payable within one year | 42/48 | €387,112 | €392,585 | +€5,473 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €20,296 | €20,803 | +€507 | +2.5% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Taxes, remuneration and social security | 45 | €300 | €300 | = | 0.0% |
| Taxes | 450/3 | €300 | €300 | = | 0.0% |
| Other amounts payable | 47/48 | €366,129 | €371,483 | +€5,354 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,255 | €22,288 | +€33 | +0.1% |
| Other operating charges | 640/8 | €3,103 | €2,804 | -€299 | -9.6% |
| Gross operating margin | 9900 | €27,124 | €30,344 | +€3,220 | +11.9% |
| Operating profit (loss) | 9901 | €1,766 | €5,252 | +€3,486 | +197.4% |
| Financial charges | 65/66B | €11,906 | €11,429 | -€477 | -4.0% |
| Recurring financial charges | 65 | €11,906 | €11,429 | -€477 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,140 | -€6,176 | +€3,963 | +39.1% |
| Profit (loss) for the period | 9904 | -€10,140 | -€6,176 | +€3,963 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,140 | -€6,176 | +€3,963 | +39.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.