HOOGHUIS: 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.
HOOGHUIS
Largest movements
- Tangible fixed assets -€46,585
down €46,585 (-28.3%), from €164,586 to €118,001
of which Other tangible fixed assets: -€38,106
- Cash -€32,394
down €32,394 (-43.5%), from €74,521 to €42,127
mainly Net result for the year (-€79,773) and Trade debts (-€13,985)
- Receivables within one year +€8,546
up €8,546 (+43.9%), from €19,469 to €28,015
of which Trade receivables: +€7,992
- Stocks and contracts +€3,212
up €3,212 (+22.6%), from €14,184 to €17,396
- Profit (loss) carried forward -€79,773
down €79,773 (-137%), from -€58,275 to -€138,048
- Trade debts -€13,985
down €13,985 (-19.9%), from €70,154 to €56,169
- Tax, wage and social debts +€11,041
up €11,041 (+18.1%), from €60,967 to €72,009
of which Taxes: +€10,749
- Debts after one year +€7,635
up €7,635 (+4.7%), from €162,433 to €170,068
of which Other amounts payable: +€16,434
- Other debts +€7,500
up €7,500, from €0 to €7,500
- Gross operating margin -€190,304
down €190,304 (-38.5%), from €494,374 to €304,070
- Staff costs -€90,476
down €90,476 (-21.7%), from €416,201 to €325,724
- Other operating charges -€5,101
down €5,101 (-68.0%), from €7,507 to €2,406
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 | €278,447 | €210,137 | -€68,310 | -24.5% |
| Fixed assets | 21/28 | €165,766 | €119,181 | -€46,585 | -28.1% |
| Tangible fixed assets | 22/27 | €164,586 | €118,001 | -€46,585 | -28.3% |
| Land and buildings | 22 | €76,658 | €74,184 | -€2,475 | -3.2% |
| Plant, machinery and equipment | 23 | €11,221 | €8,017 | -€3,204 | -28.6% |
| Furniture and vehicles | 24 | €6,150 | €3,350 | -€2,800 | -45.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €70,557 | €32,451 | -€38,106 | -54.0% |
| Financial fixed assets | 28 | €1,180 | €1,180 | = | 0.0% |
| Current assets | 29/58 | €112,681 | €90,956 | -€21,725 | -19.3% |
| Stocks and contracts in progress | 3 | €14,184 | €17,396 | +€3,212 | +22.6% |
| Stocks | 30/36 | €14,184 | €17,396 | +€3,212 | +22.6% |
| Amounts receivable within one year | 40/41 | €19,469 | €28,015 | +€8,546 | +43.9% |
| Trade receivables | 40 | €9,445 | €17,437 | +€7,992 | +84.6% |
| Other amounts receivable | 41 | €10,024 | €10,578 | +€554 | +5.5% |
| Cash at bank and in hand | 54/58 | €74,521 | €42,127 | -€32,394 | -43.5% |
| Deferred charges and accrued income | 490/1 | €4,507 | €3,418 | -€1,089 | -24.2% |
| Total equity and liabilities | 10/49 | €278,447 | €210,137 | -€68,310 | -24.5% |
| Equity | 10/15 | -€36,275 | -€116,048 | -€79,773 | -220% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,275 | -€138,048 | -€79,773 | -137% |
| Amounts payable | 17/49 | €314,722 | €326,185 | +€11,463 | +3.6% |
| Amounts payable after more than one year | 17 | €162,433 | €170,068 | +€7,635 | +4.7% |
| Financial debts | 170/4 | €19,379 | €10,580 | -€8,799 | -45.4% |
| Other amounts payable | 178/9 | €143,054 | €159,488 | +€16,434 | +11.5% |
| Amounts payable within one year | 42/48 | €152,177 | €155,457 | +€3,281 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €16,344 | €15,302 | -€1,042 | -6.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €70,154 | €56,169 | -€13,985 | -19.9% |
| Suppliers | 440/4 | €70,154 | €56,169 | -€13,985 | -19.9% |
| Advances received on contracts in progress | 46 | €4,711 | €4,477 | -€234 | -5.0% |
| Taxes, remuneration and social security | 45 | €60,967 | €72,009 | +€11,041 | +18.1% |
| Taxes | 450/3 | €16,151 | €26,901 | +€10,749 | +66.6% |
| Remuneration and social security | 454/9 | €44,816 | €45,108 | +€292 | +0.7% |
| Other amounts payable | 47/48 | €0 | €7,500 | +€7,500 | |
| Accrued charges and deferred income | 492/3 | €112 | €660 | +€548 | +488% |
| Remuneration, social security and pensions | 62 | €416,201 | €325,724 | -€90,476 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,107 | €48,533 | -€3,573 | -6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €972 | €0 | -€972 | -100% |
| Other operating charges | 640/8 | €7,507 | €2,406 | -€5,101 | -68.0% |
| Gross operating margin | 9900 | €494,374 | €304,070 | -€190,304 | -38.5% |
| Operating profit (loss) | 9901 | €17,588 | -€72,593 | -€90,182 | |
| Financial income | 75/76B | €10 | €84 | +€74 | +738% |
| Recurring financial income | 75 | €10 | €84 | +€74 | +738% |
| Financial charges | 65/66B | €7,753 | €6,912 | -€841 | -10.8% |
| Recurring financial charges | 65 | €7,753 | €6,912 | -€841 | -10.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €9,845 | -€79,421 | -€89,266 | |
| Income taxes | 67/77 | €343 | €352 | +€9 | +2.6% |
| Profit (loss) for the period | 9904 | €9,502 | -€79,773 | -€89,275 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,502 | -€79,773 | -€89,275 |
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 15 October 2026 via checked.be.