HOOGE JAN: 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.
HOOGE JAN
Largest movements
- Cash +€220,794
up €220,794 (+130%), from €169,783 to €390,577
mainly Net result for the year (+€234,738) and Receivables within one year (+€137,304)
- Receivables within one year -€137,304
down €137,304 (-78.3%), from €175,289 to €37,985
- Current investments +€74,856
up €74,856 (+9.1%), from €826,981 to €901,837
- Reserves +€129,968
up €129,968 (+10.1%), from €1.3m to €1.4m
- Tax, wage and social debts +€26,065
up €26,065 (+157%), from €16,646 to €42,711
- Financial income -€101,120
down €101,120 (-87.6%), from €115,498 to €14,378
- Gross operating margin -€70,708
down €70,708 (-15.3%), from €461,523 to €390,815
- Taxes -€35,044
down €35,044 (-24.3%), from €144,113 to €109,070
- Depreciation -€4,943
down €4,943 (-9.0%), from €54,998 to €50,055
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 | €1,337,220 | €1,499,014 | +€161,794 | +12.1% |
| Fixed assets | 21/28 | €163,320 | €168,616 | +€5,296 | +3.2% |
| Tangible fixed assets | 22/27 | €163,220 | €168,516 | +€5,296 | +3.2% |
| Land and buildings | 22 | €392 | - | -€392 | |
| Plant, machinery and equipment | 23 | €24,725 | €16,806 | -€7,918 | -32.0% |
| Furniture and vehicles | 24 | €4,227 | €1,401 | -€2,825 | -66.8% |
| Other tangible fixed assets | 26 | €133,876 | €150,308 | +€16,432 | +12.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,173,900 | €1,330,399 | +€156,498 | +13.3% |
| Amounts receivable within one year | 40/41 | €175,289 | €37,985 | -€137,304 | -78.3% |
| Other amounts receivable | 41 | €175,289 | €37,985 | -€137,304 | -78.3% |
| Current investments | 50/53 | €826,981 | €901,837 | +€74,856 | +9.1% |
| Cash at bank and in hand | 54/58 | €169,783 | €390,577 | +€220,794 | +130% |
| Deferred charges and accrued income | 490/1 | €1,847 | - | -€1,847 | |
| Total equity and liabilities | 10/49 | €1,337,220 | €1,499,014 | +€161,794 | +12.1% |
| Equity | 10/15 | €1,303,790 | €1,433,758 | +€129,968 | +10.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,285,198 | €1,415,166 | +€129,968 | +10.1% |
| Distributable reserves | 133 | €1,285,198 | €1,415,166 | +€129,968 | +10.1% |
| Amounts payable | 17/49 | €33,430 | €65,256 | +€31,826 | +95.2% |
| Amounts payable within one year | 42/48 | €33,430 | €61,343 | +€27,913 | +83.5% |
| Current portion of amounts payable after more than one year | 42 | €3,004 | - | -€3,004 | |
| Financial debts | 43 | €1,467 | - | -€1,467 | |
| Credit institutions | 430/8 | €1,467 | - | -€1,467 | |
| Trade debts | 44 | €12,313 | €18,632 | +€6,320 | +51.3% |
| Suppliers | 440/4 | €12,313 | €18,632 | +€6,320 | +51.3% |
| Taxes, remuneration and social security | 45 | €16,646 | €42,711 | +€26,065 | +157% |
| Taxes | 450/3 | €16,646 | €42,711 | +€26,065 | +157% |
| Accrued charges and deferred income | 492/3 | - | €3,913 | +€3,913 | |
| Non-recurring operating income | 76A | €107,977 | - | -€107,977 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,998 | €50,055 | -€4,943 | -9.0% |
| Other operating charges | 640/8 | €4,100 | €4,183 | +€83 | +2.0% |
| Gross operating margin | 9900 | €461,523 | €390,815 | -€70,708 | -15.3% |
| Operating profit (loss) | 9901 | €402,425 | €336,577 | -€65,848 | -16.4% |
| Financial income | 75/76B | €115,498 | €14,378 | -€101,120 | -87.6% |
| Recurring financial income | 75 | €115,498 | €14,378 | -€101,120 | -87.6% |
| Financial charges | 65/66B | €6,041 | €7,148 | +€1,107 | +18.3% |
| Recurring financial charges | 65 | €6,041 | €7,148 | +€1,107 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €511,882 | €343,807 | -€168,075 | -32.8% |
| Income taxes | 67/77 | €144,113 | €109,070 | -€35,044 | -24.3% |
| Profit (loss) for the period | 9904 | €367,769 | €234,738 | -€133,032 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €367,769 | €234,738 | -€133,032 | -36.2% |
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 17 October 2026 via checked.be.