HOOFDWERK: 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.
HOOFDWERK
Largest movements
- Receivables within one year -€40,988
down €40,988 (-76.1%), from €53,871 to €12,882
of which Other amounts receivable: -€38,212
- Cash -€8,645
down €8,645 (-20.5%), from €42,102 to €33,457
mainly Other debts (-€50,607) and Trade debts (-€2,953)
- Tangible fixed assets -€1,497
down €1,497 (-15.2%), from €9,867 to €8,370
of which Land and buildings: -€1,055
- Other debts -€50,607
no longer reported in 2025 (was €50,607)
- Trade debts -€2,953
down €2,953 (-88.7%), from €3,331 to €377
- Reserves +€2,793
up €2,793 (+8.7%), from €32,111 to €34,904
- Gross operating margin +€764
up €764 (+10.1%), from €7,561 to €8,325
- Financial income -€439
down €439 (-26.7%), from €1,647 to €1,207
- Financial charges -€405
down €405 (-80.1%), from €505 to €100
- Staff costs +€320
up €320 (+18.2%), from €1,760 to €2,080
- Taxes +€305
up €305 (+28.6%), from €1,065 to €1,370
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 | €107,065 | €56,411 | -€50,654 | -47.3% |
| Fixed assets | 21/28 | €9,867 | €8,370 | -€1,497 | -15.2% |
| Tangible fixed assets | 22/27 | €9,867 | €8,370 | -€1,497 | -15.2% |
| Land and buildings | 22 | €6,676 | €5,621 | -€1,055 | -15.8% |
| Plant, machinery and equipment | 23 | €771 | €1,290 | +€519 | +67.2% |
| Furniture and vehicles | 24 | €2,420 | €1,459 | -€960 | -39.7% |
| Current assets | 29/58 | €97,198 | €48,041 | -€49,157 | -50.6% |
| Amounts receivable within one year | 40/41 | €53,871 | €12,882 | -€40,988 | -76.1% |
| Trade receivables | 40 | €13,654 | €10,878 | -€2,777 | -20.3% |
| Other amounts receivable | 41 | €40,217 | €2,005 | -€38,212 | -95.0% |
| Cash at bank and in hand | 54/58 | €42,102 | €33,457 | -€8,645 | -20.5% |
| Deferred charges and accrued income | 490/1 | €1,226 | €1,702 | +€476 | +38.8% |
| Total equity and liabilities | 10/49 | €107,065 | €56,411 | -€50,654 | -47.3% |
| Equity | 10/15 | €50,711 | €53,504 | +€2,793 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,111 | €34,904 | +€2,793 | +8.7% |
| Distributable reserves | 133 | €32,111 | €34,904 | +€2,793 | +8.7% |
| Amounts payable | 17/49 | €56,355 | €2,907 | -€53,448 | -94.8% |
| Amounts payable within one year | 42/48 | €56,355 | €2,907 | -€53,448 | -94.8% |
| Trade debts | 44 | €3,331 | €377 | -€2,953 | -88.7% |
| Suppliers | 440/4 | €3,331 | €377 | -€2,953 | -88.7% |
| Taxes, remuneration and social security | 45 | €2,417 | €2,530 | +€113 | +4.7% |
| Taxes | 450/3 | €2,417 | €2,530 | +€113 | +4.7% |
| Other amounts payable | 47/48 | €50,607 | - | -€50,607 | |
| Remuneration, social security and pensions | 62 | €1,760 | €2,080 | +€320 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,598 | €2,669 | +€72 | +2.8% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €7,561 | €8,325 | +€764 | +10.1% |
| Operating profit (loss) | 9901 | €2,698 | €3,056 | +€358 | +13.3% |
| Financial income | 75/76B | €1,647 | €1,207 | -€439 | -26.7% |
| Recurring financial income | 75 | €1,647 | €1,207 | -€439 | -26.7% |
| Financial charges | 65/66B | €505 | €100 | -€405 | -80.1% |
| Recurring financial charges | 65 | €505 | €100 | -€405 | -80.1% |
| Profit (loss) for the period before taxes | 9903 | €3,840 | €4,163 | +€324 | +8.4% |
| Income taxes | 67/77 | €1,065 | €1,370 | +€305 | +28.6% |
| Profit (loss) for the period | 9904 | €2,775 | €2,793 | +€19 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,775 | €2,793 | +€19 | +0.7% |
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 16 October 2026 via checked.be.