HOOGSPOOR: 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.
HOOGSPOOR
Largest movements
- Cash +€26,142
up €26,142 (+45.9%), from €56,999 to €83,140
mainly Depreciation (+€20,087) and Stocks and contracts (+€9,409)
- Tangible fixed assets -€17,231
down €17,231 (-5.0%), from €344,984 to €327,753
of which Land and buildings: -€18,961
- Stocks and contracts -€9,409
down €9,409 (-17.1%), from €55,163 to €45,754
- Debts after one year -€11,916
down €11,916 (-3.3%), from €365,879 to €353,962
- Reserves +€9,365
up €9,365 (+30.7%), from €30,537 to €39,902
- Gross operating margin +€14,745
up €14,745 (+51.5%), from €28,639 to €43,384
- Taxes +€3,737
up €3,737 (+792%), from €472 to €4,209
- Write-downs +€1,989
new in 2025: €1,989
- Other operating charges +€793
up €793 (+43.8%), from €1,810 to €2,603
- Financial charges +€651
up €651 (+14.1%), from €4,603 to €5,253
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 | €464,043 | €461,775 | -€2,268 | -0.5% |
| Fixed assets | 21/28 | €344,984 | €327,753 | -€17,231 | -5.0% |
| Tangible fixed assets | 22/27 | €344,984 | €327,753 | -€17,231 | -5.0% |
| Land and buildings | 22 | €343,451 | €324,490 | -€18,961 | -5.5% |
| Plant, machinery and equipment | 23 | €907 | €218 | -€689 | -76.0% |
| Furniture and vehicles | 24 | €625 | €3,045 | +€2,419 | +387% |
| Current assets | 29/58 | €119,059 | €134,022 | +€14,962 | +12.6% |
| Stocks and contracts in progress | 3 | €55,163 | €45,754 | -€9,409 | -17.1% |
| Stocks | 30/36 | €55,163 | €45,754 | -€9,409 | -17.1% |
| Amounts receivable within one year | 40/41 | €4,189 | €1,736 | -€2,453 | -58.6% |
| Trade receivables | 40 | €1,511 | €1,586 | +€75 | +4.9% |
| Other amounts receivable | 41 | €2,678 | €150 | -€2,528 | -94.4% |
| Cash at bank and in hand | 54/58 | €56,999 | €83,140 | +€26,142 | +45.9% |
| Deferred charges and accrued income | 490/1 | €2,709 | €3,392 | +€683 | +25.2% |
| Total equity and liabilities | 10/49 | €464,043 | €461,775 | -€2,268 | -0.5% |
| Equity | 10/15 | €49,129 | €58,494 | +€9,365 | +19.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €30,537 | €39,902 | +€9,365 | +30.7% |
| Distributable reserves | 133 | €30,537 | €39,902 | +€9,365 | +30.7% |
| Amounts payable | 17/49 | €414,914 | €403,281 | -€11,634 | -2.8% |
| Amounts payable after more than one year | 17 | €365,879 | €353,962 | -€11,916 | -3.3% |
| Financial debts | 170/4 | €365,879 | €353,962 | -€11,916 | -3.3% |
| Amounts payable within one year | 42/48 | €49,035 | €49,318 | +€283 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €14,231 | €14,417 | +€186 | +1.3% |
| Trade debts | 44 | €12 | €2,211 | +€2,200 | +18,657% |
| Suppliers | 440/4 | €12 | €2,211 | +€2,200 | +18,657% |
| Taxes, remuneration and social security | 45 | €12,600 | €10,708 | -€1,892 | -15.0% |
| Taxes | 450/3 | €9,397 | €9,068 | -€329 | -3.5% |
| Remuneration and social security | 454/9 | €3,204 | €1,641 | -€1,563 | -48.8% |
| Other amounts payable | 47/48 | €22,193 | €21,982 | -€211 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,047 | €20,087 | +€40 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,989 | +€1,989 | |
| Other operating charges | 640/8 | €1,810 | €2,603 | +€793 | +43.8% |
| Gross operating margin | 9900 | €28,639 | €43,384 | +€14,745 | +51.5% |
| Operating profit (loss) | 9901 | €6,783 | €18,705 | +€11,923 | +176% |
| Financial income | 75/76B | €685 | €122 | -€563 | -82.2% |
| Recurring financial income | 75 | €685 | €122 | -€563 | -82.2% |
| Financial charges | 65/66B | €4,603 | €5,253 | +€651 | +14.1% |
| Recurring financial charges | 65 | €4,603 | €5,253 | +€651 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €2,865 | €13,574 | +€10,709 | +374% |
| Income taxes | 67/77 | €472 | €4,209 | +€3,737 | +792% |
| Profit (loss) for the period | 9904 | €2,393 | €9,365 | +€6,972 | +291% |
| Profit (loss) for the period to be appropriated | 9905 | €2,393 | €9,365 | +€6,972 | +291% |
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.