HOOGMAATHEIDE: 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.
HOOGMAATHEIDE
Largest movements
- Tangible fixed assets +€29,577
up €29,577 (+30.2%), from €97,835 to €127,412
of which Other tangible fixed assets: +€22,993
- Cash -€19,972
down €19,972 (-32.6%), from €61,230 to €41,258
mainly Investment in fixed assets (net) (-€44,286) and Debts after one year (-€16,777)
- Receivables within one year +€5,535
up €5,535 (+289.5%), from €1,912 to €7,447
of which Other amounts receivable: +€5,227
- Reserves +€25,832
up €25,832 (+38.5%), from €67,148 to €92,980
of which Distributable reserves: +€25,833
- Debts after one year -€16,777
down €16,777 (-34.9%), from €48,141 to €31,364
of which Other amounts payable: -€45,000
- Tax, wage and social debts +€7,534
up €7,534 (+84.8%), from €8,882 to €16,416
of which Taxes: +€7,472
- Trade debts -€4,988
down €4,988 (-43.7%), from €11,425 to €6,437
- Current portion of long-term debt +€4,383
up €4,383 (+70.9%), from €6,185 to €10,568
- Gross operating margin +€9,779
up €9,779 (+14.6%), from €67,173 to €76,952
- Taxes +€8,418
up €8,418 (+184.0%), from €4,576 to €12,994
- Depreciation -€7,958
down €7,958 (-35.1%), from €22,667 to €14,709
- Staff costs -€3,569
down €3,569 (-14.6%), from €24,465 to €20,896
- Financial charges -€1,906
down €1,906 (-66.1%), from €2,883 to €977
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,503 | €176,365 | +€13,862 | +8.5% |
| Fixed assets | 21/28 | €97,835 | €127,412 | +€29,577 | +30.2% |
| Tangible fixed assets | 22/27 | €97,835 | €127,412 | +€29,577 | +30.2% |
| Plant, machinery and equipment | 23 | €830 | €489 | -€341 | -41.1% |
| Furniture and vehicles | 24 | - | €6,926 | +€6,926 | |
| Other tangible fixed assets | 26 | €97,005 | €119,998 | +€22,993 | +23.7% |
| Current assets | 29/58 | €64,668 | €48,953 | -€15,715 | -24.3% |
| Stocks and contracts in progress | 3 | €1,239 | €248 | -€991 | -80.0% |
| Stocks | 30/36 | €1,239 | €248 | -€991 | -80.0% |
| Amounts receivable within one year | 40/41 | €1,912 | €7,447 | +€5,535 | +289.5% |
| Trade receivables | 40 | €1,067 | €1,375 | +€308 | +28.8% |
| Other amounts receivable | 41 | €845 | €6,072 | +€5,227 | +618.6% |
| Cash at bank and in hand | 54/58 | €61,230 | €41,258 | -€19,972 | -32.6% |
| Deferred charges and accrued income | 490/1 | €287 | - | -€287 | |
| Total equity and liabilities | 10/49 | €162,503 | €176,365 | +€13,862 | +8.5% |
| Equity | 10/15 | €85,748 | €111,580 | +€25,832 | +30.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,148 | €92,980 | +€25,832 | +38.5% |
| Tax-exempt reserves | 132 | €330 | €329 | -€1 | -0.2% |
| Distributable reserves | 133 | €66,818 | €92,651 | +€25,833 | +38.7% |
| Amounts payable | 17/49 | €76,755 | €64,785 | -€11,970 | -15.6% |
| Amounts payable after more than one year | 17 | €48,141 | €31,364 | -€16,777 | -34.9% |
| Financial debts | 170/4 | €3,141 | €31,364 | +€28,223 | +898.5% |
| Other amounts payable | 178/9 | €45,000 | - | -€45,000 | |
| Amounts payable within one year | 42/48 | €28,614 | €33,421 | +€4,807 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €6,185 | €10,568 | +€4,383 | +70.9% |
| Trade debts | 44 | €11,425 | €6,437 | -€4,988 | -43.7% |
| Suppliers | 440/4 | €11,425 | €6,437 | -€4,988 | -43.7% |
| Taxes, remuneration and social security | 45 | €8,882 | €16,416 | +€7,534 | +84.8% |
| Taxes | 450/3 | €7,365 | €14,837 | +€7,472 | +101.5% |
| Remuneration and social security | 454/9 | €1,517 | €1,580 | +€63 | +4.1% |
| Other amounts payable | 47/48 | €2,122 | - | -€2,122 | |
| Remuneration, social security and pensions | 62 | €24,465 | €20,896 | -€3,569 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,667 | €14,709 | -€7,958 | -35.1% |
| Other operating charges | 640/8 | €2,395 | €1,962 | -€433 | -18.1% |
| Gross operating margin | 9900 | €67,173 | €76,952 | +€9,779 | +14.6% |
| Operating profit (loss) | 9901 | €17,646 | €39,384 | +€21,738 | +123.2% |
| Financial income | 75/76B | €22 | €419 | +€397 | +1804.1% |
| Recurring financial income | 75 | €22 | €419 | +€397 | +1804.1% |
| Financial charges | 65/66B | €2,883 | €977 | -€1,906 | -66.1% |
| Recurring financial charges | 65 | €2,883 | €977 | -€1,906 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €14,785 | €38,826 | +€24,041 | +162.6% |
| Income taxes | 67/77 | €4,576 | €12,994 | +€8,418 | +184.0% |
| Profit (loss) for the period | 9904 | €10,209 | €25,832 | +€15,623 | +153.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,209 | €25,832 | +€15,623 | +153.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.