HOOGRO: 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.
HOOGRO
Largest movements
- Receivables within one year +€58,891
up €58,891 (+141%), from €41,782 to €100,673
of which Trade receivables: +€60,601
- Tangible fixed assets -€45,986
down €45,986 (-26.6%), from €173,106 to €127,120
of which Furniture and vehicles: -€35,983
- Profit (loss) carried forward +€80,079
up €80,079 (+31.9%), from -€251,127 to -€171,048
- Debts after one year -€42,373
down €42,373 (-12.6%), from €335,497 to €293,123
- Advances received -€32,561
down €32,561 (-100%), from €32,561 to €0
- Trade debts +€13,555
up €13,555 (+77.1%), from €17,574 to €31,129
- Gross operating margin +€26,687
up €26,687 (+21.2%), from €125,831 to €152,518
- Taxes -€13,379
down €13,379 (-95.7%), from €13,985 to €606
- Depreciation +€10,095
up €10,095 (+28.1%), from €35,891 to €45,986
- Financial charges -€7,121
down €7,121 (-22.8%), from €31,236 to €24,115
- Other operating charges -€1,973
down €1,973 (-53.3%), from €3,704 to €1,732
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 | €401,948 | €415,566 | +€13,618 | +3.4% |
| Fixed assets | 21/28 | €173,106 | €127,120 | -€45,986 | -26.6% |
| Tangible fixed assets | 22/27 | €173,106 | €127,120 | -€45,986 | -26.6% |
| Plant, machinery and equipment | 23 | €18,577 | €8,574 | -€10,003 | -53.8% |
| Furniture and vehicles | 24 | €154,530 | €118,546 | -€35,983 | -23.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €228,841 | €288,446 | +€59,604 | +26.0% |
| Amounts receivable within one year | 40/41 | €41,782 | €100,673 | +€58,891 | +141% |
| Trade receivables | 40 | €39,399 | €100,000 | +€60,601 | +154% |
| Other amounts receivable | 41 | €2,383 | €673 | -€1,710 | -71.7% |
| Cash at bank and in hand | 54/58 | €178,272 | €175,593 | -€2,679 | -1.5% |
| Deferred charges and accrued income | 490/1 | €8,787 | €12,180 | +€3,392 | +38.6% |
| Total equity and liabilities | 10/49 | €401,948 | €415,566 | +€13,618 | +3.4% |
| Equity | 10/15 | -€16,187 | €63,892 | +€80,079 | |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €16,340 | €16,340 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,340 | €16,340 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€251,127 | -€171,048 | +€80,079 | +31.9% |
| Amounts payable | 17/49 | €418,135 | €351,674 | -€66,461 | -15.9% |
| Amounts payable after more than one year | 17 | €335,497 | €293,123 | -€42,373 | -12.6% |
| Other amounts payable | 178/9 | €335,497 | €293,123 | -€42,373 | -12.6% |
| Amounts payable within one year | 42/48 | €62,598 | €41,940 | -€20,658 | -33.0% |
| Trade debts | 44 | €17,574 | €31,129 | +€13,555 | +77.1% |
| Suppliers | 440/4 | €17,574 | €31,129 | +€13,555 | +77.1% |
| Advances received on contracts in progress | 46 | €32,561 | €0 | -€32,561 | -100% |
| Taxes, remuneration and social security | 45 | €12,463 | €10,811 | -€1,652 | -13.3% |
| Taxes | 450/3 | €11,463 | €9,811 | -€1,652 | -14.4% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €20,040 | €16,610 | -€3,430 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,891 | €45,986 | +€10,095 | +28.1% |
| Other operating charges | 640/8 | €3,704 | €1,732 | -€1,973 | -53.3% |
| Gross operating margin | 9900 | €125,831 | €152,518 | +€26,687 | +21.2% |
| Operating profit (loss) | 9901 | €86,235 | €104,800 | +€18,565 | +21.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €31,236 | €24,115 | -€7,121 | -22.8% |
| Recurring financial charges | 65 | €31,236 | €24,115 | -€7,121 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €55,000 | €80,685 | +€25,685 | +46.7% |
| Income taxes | 67/77 | €13,985 | €606 | -€13,379 | -95.7% |
| Profit (loss) for the period | 9904 | €41,015 | €80,079 | +€39,064 | +95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,015 | €80,079 | +€39,064 | +95.2% |
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 28 October 2026 via checked.be.