HOOGLAND: 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.
What changed
HOOGLAND
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €2.8m-€1.0m
Equity
€12.4m
2024 · €11.0m+€1.4m
Cash
€594,245
2024 · €742,619-€148,374
Balance sheet total
€24.8m
2024 · €22.5m+€2.3m
Largest movements
Assets
- Stocks and contracts +€1.6m
up €1.6m (+341,528%), from €472 to €1.6m
- Receivables after one year +€978,000
new in 2025: €978,000
Equity and liabilities
- Debts after one year +€1.6m
up €1.6m (+25.4%), from €6.4m to €8.0m
- Reserves +€1.4m
up €1.4m (+13.0%), from €10.5m to €11.8m
of which Distributable reserves: +€1.4m
- Other debts -€888,140
down €888,140 (-32.0%), from €2.8m to €1.9m
- Current portion of long-term debt +€265,629
up €265,629 (+39.3%), from €676,124 to €941,753
Income statement
- Turnover -€2.1m
no longer reported in 2025 (was €2.1m)
- Gross operating margin +€1.7m
new in 2025: €1.7m
- Financial income -€1.0m
down €1.0m (-54.0%), from €1.9m to €881,439
- Services and other goods -€304,682
no longer reported in 2025 (was €304,682)
- Financial charges -€32,791
down €32,791 (-6.9%), from €473,761 to €440,971
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.
Result 2024
€2.8m
Turnover
-€2.1m
Other operating income
-€12,280
Goods and materials
+€1,341
Services and other goods
+€304,682
Depreciation
+€12,071
Other operating charges
-€11,175
Other operating items
+€1.7m
Financial income
-€1.0m
Financial charges
+€32,791
Taxes
+€31,174
Deferred taxes and other
-€17,175
Result 2025
€1.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.7m
Investment
-€30,988
Financing
+€1.6m
Cash 2024
€742,619
From operations (derived)
-€1.7m
Net result for the year
+€1.8m
Depreciation
+€191,044
Receivables after one year
-€978,000
Stocks and contracts
-€1.6m
Receivables within one year
-€4,536
Deferred charges and accrued income
-€6,015
Provisions
-€5,847
Trade debts
-€124,672
Tax, wage and social debts
-€28,536
Other debts
-€888,140
Accrued charges and deferred income
+€27,481
Investment (derived)
-€30,988
Investment in fixed assets (net)
-€30,988
Financing
+€1.6m
Debts after one year
+€1.6m
Current portion of long-term debt
+€265,629
Short-term financial debts
+€75,000
Contributions, distributions and other
-€400,000
Cash 2025
€594,245
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,496,621 | €24,787,730 | +€2.3m | +10.2% |
| Fixed assets | 21/28 | €20,342,779 | €20,182,724 | -€160,055 | -0.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €4,711,228 | €4,693,164 | -€18,064 | -0.4% |
| Land and buildings | 22 | €4,558,886 | €4,408,281 | -€150,605 | -3.3% |
| Plant, machinery and equipment | 23 | €10 | €10 | = | 0.0% |
| Furniture and vehicles | 24 | €152,333 | €284,874 | +€132,541 | +87.0% |
| Financial fixed assets | 28 | €15,631,551 | €15,489,560 | -€141,991 | -0.9% |
| Affiliated companies | 280/1 | €15,034,071 | - | -€15.0m | |
| Participating interests | 280 | €15,034,071 | - | -€15.0m | |
| Companies linked by participating interests | 282/3 | €597,300 | - | -€597,300 | |
| Participating interests | 282 | €597,300 | - | -€597,300 | |
| Other financial fixed assets | 284/8 | €180 | - | -€180 | |
| Amounts receivable and cash guarantees | 285/8 | €180 | - | -€180 | |
| Current assets | 29/58 | €2,153,842 | €4,605,006 | +€2.5m | +114% |
| Amounts receivable after more than one year | 29 | - | €978,000 | +€978,000 | |
| Other amounts receivable | 291 | - | €978,000 | +€978,000 | |
| Stocks and contracts in progress | 3 | €472 | €1,611,459 | +€1.6m | +341,528% |
| Stocks | 30/36 | €472 | €1,611,459 | +€1.6m | +341,528% |
| Goods purchased for resale | 34 | €472 | - | -€472 | |
| Amounts receivable within one year | 40/41 | €1,407,582 | €1,412,118 | +€4,536 | +0.3% |
| Trade receivables | 40 | €394,634 | €565,232 | +€170,598 | +43.2% |
| Other amounts receivable | 41 | €1,012,949 | €846,886 | -€166,062 | -16.4% |
| Cash at bank and in hand | 54/58 | €742,619 | €594,245 | -€148,374 | -20.0% |
| Deferred charges and accrued income | 490/1 | €3,169 | €9,184 | +€6,015 | +190% |
| Total equity and liabilities | 10/49 | €22,496,621 | €24,787,730 | +€2.3m | +10.2% |
| Equity | 10/15 | €11,028,466 | €12,384,192 | +€1.4m | +12.3% |
| Contributions | 10/11 | €564,593 | €564,593 | = | 0.0% |
| Revaluation surpluses | 12 | €224 | €224 | = | 0.0% |
| Reserves | 13 | €10,463,650 | €11,819,376 | +€1.4m | +13.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €311,797 | €294,255 | -€17,542 | -5.6% |
| Distributable reserves | 133 | €10,151,853 | €11,525,121 | +€1.4m | +13.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €153,727 | €147,880 | -€5,847 | -3.8% |
| Deferred taxes | 168 | €153,727 | €147,880 | -€5,847 | -3.8% |
| Amounts payable | 17/49 | €11,314,427 | €12,255,658 | +€941,230 | +8.3% |
| Amounts payable after more than one year | 17 | €6,361,090 | €7,975,557 | +€1.6m | +25.4% |
| Financial debts | 170/4 | €6,361,090 | €7,975,557 | +€1.6m | +25.4% |
| Credit institutions | 173 | €3,384,423 | - | -€3.4m | |
| Other loans | 174 | €2,976,667 | - | -€3.0m | |
| Amounts payable within one year | 42/48 | €4,767,625 | €4,066,906 | -€700,719 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €676,124 | €941,753 | +€265,629 | +39.3% |
| Financial debts | 43 | €1,106,500 | €1,181,500 | +€75,000 | +6.8% |
| Credit institutions | 430/8 | €1,106,500 | €1,181,500 | +€75,000 | +6.8% |
| Trade debts | 44 | €164,655 | €39,983 | -€124,672 | -75.7% |
| Suppliers | 440/4 | €164,655 | €39,983 | -€124,672 | -75.7% |
| Taxes, remuneration and social security | 45 | €40,662 | €12,126 | -€28,536 | -70.2% |
| Taxes | 450/3 | €40,662 | €12,126 | -€28,536 | -70.2% |
| Other amounts payable | 47/48 | €2,779,684 | €1,891,544 | -€888,140 | -32.0% |
| Accrued charges and deferred income | 492/3 | €185,713 | €213,194 | +€27,481 | +14.8% |
| Operating income | 70/76A | €2,082,808 | - | -€2.1m | |
| Turnover | 70 | €2,063,677 | - | -€2.1m | |
| Other operating income | 74 | €12,280 | - | -€12,280 | |
| Non-recurring operating income | 76A | €6,851 | €50,000 | +€43,149 | +630% |
| Operating charges | 60/66A | €550,410 | - | -€550,410 | |
| Goods for resale, raw materials and consumables | 60 | €1,341 | - | -€1,341 | |
| Purchases | 600/8 | €1,341 | - | -€1,341 | |
| Services and other goods | 61 | €304,682 | - | -€304,682 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,115 | €191,044 | -€12,071 | -5.9% |
| Other operating charges | 640/8 | €41,272 | €52,448 | +€11,175 | +27.1% |
| Gross operating margin | 9900 | - | €1,724,408 | +€1.7m | |
| Operating profit (loss) | 9901 | €1,532,398 | €1,480,917 | -€51,481 | -3.4% |
| Financial income | 75/76B | €1,918,211 | €881,439 | -€1.0m | -54.0% |
| Recurring financial income | 75 | €1,918,211 | €881,439 | -€1.0m | -54.0% |
| Income from financial fixed assets | 750 | €1,899,750 | - | -€1.9m | |
| Income from current assets | 751 | €18,461 | - | -€18,461 | |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €473,761 | €440,971 | -€32,791 | -6.9% |
| Recurring financial charges | 65 | €473,761 | €440,971 | -€32,791 | -6.9% |
| Debt charges | 650 | €468,292 | - | -€468,292 | |
| Other financial charges | 652/9 | €5,469 | - | -€5,469 | |
| Profit (loss) for the period before taxes | 9903 | €2,976,848 | €1,921,385 | -€1.1m | -35.5% |
| Transfer from deferred taxes | 780 | €23,022 | €5,847 | -€17,175 | -74.6% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €202,680 | €171,506 | -€31,174 | -15.4% |
| Taxes | 670/3 | €203,051 | - | -€203,051 | |
| Tax adjustments and reversals of tax provisions | 77 | €371 | - | -€371 | |
| Profit (loss) for the period | 9904 | €2,797,189 | €1,755,726 | -€1.0m | -37.2% |
| Transfer from tax-exempt reserves | 789 | €69,066 | €17,542 | -€51,524 | -74.6% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €2,866,256 | €1,773,268 | -€1.1m | -38.1% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.