HOOGSTEYNS: what changed
Two fiscal 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.
HOOGSTEYNS
Largest movements
- Tangible fixed assets +€376,862
up €376,862 (+23.8%), from €1.6m to €2.0m
of which Plant, machinery and equipment: +€356,681
- Stocks and contracts -€84,201
down €84,201 (-13.9%), from €607,570 to €523,370
- Reserves +€236,230
up €236,230 (+17.8%), from €1.3m to €1.6m
- Short-term financial debts -€200,000
no longer reported in 2025 (was €200,000)
- Other debts +€145,000
up €145,000 (+50.7%), from €285,948 to €430,947
- Current portion of long-term debt +€50,757
up €50,757 (+38.9%), from €130,572 to €181,329
- Trade debts +€37,490
up €37,490 (+34.0%), from €110,408 to €147,898
- Gross operating margin -€185,682
down €185,682 (-14.9%), from €1.2m to €1.1m
- Depreciation +€158,846
up €158,846 (+34.0%), from €466,756 to €625,602
- Staff costs -€153,695
down €153,695 (-72.1%), from €213,101 to €59,407
- Taxes -€35,832
down €35,832 (-28.8%), from €124,320 to €88,488
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.
Cash bridge derived
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 | €2,584,932 | €2,860,482 | +€275,550 | +10.7% |
| Fixed assets | 21/28 | €1,585,488 | €1,962,350 | +€376,862 | +23.8% |
| Tangible fixed assets | 22/27 | €1,585,488 | €1,962,350 | +€376,862 | +23.8% |
| Land and buildings | 22 | €27,989 | €57,178 | +€29,189 | +104.3% |
| Plant, machinery and equipment | 23 | €1,508,135 | €1,864,815 | +€356,681 | +23.7% |
| Furniture and vehicles | 24 | €49,364 | €40,357 | -€9,007 | -18.2% |
| Current assets | 29/58 | €999,444 | €898,132 | -€101,313 | -10.1% |
| Stocks and contracts in progress | 3 | €607,570 | €523,370 | -€84,201 | -13.9% |
| Stocks | 30/36 | €607,570 | €523,370 | -€84,201 | -13.9% |
| Amounts receivable within one year | 40/41 | €346,387 | €329,223 | -€17,165 | -5.0% |
| Trade receivables | 40 | €346,378 | €329,223 | -€17,155 | -5.0% |
| Other amounts receivable | 41 | €10 | - | -€10 | |
| Cash at bank and in hand | 54/58 | €45,487 | €45,540 | +€53 | +0.1% |
| Total equity and liabilities | 10/49 | €2,584,932 | €2,860,482 | +€275,550 | +10.7% |
| Equity | 10/15 | €1,404,500 | €1,640,729 | +€236,230 | +16.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,325,937 | €1,562,166 | +€236,230 | +17.8% |
| Distributable reserves | 133 | €1,325,937 | €1,562,166 | +€236,230 | +17.8% |
| Profit (loss) carried forward | 14 | €58,563 | €58,563 | = | 0.0% |
| Amounts payable | 17/49 | €1,180,433 | €1,219,753 | +€39,320 | +3.3% |
| Amounts payable after more than one year | 17 | €356,018 | €390,494 | +€34,475 | +9.7% |
| Financial debts | 170/4 | €356,018 | €390,494 | +€34,475 | +9.7% |
| Amounts payable within one year | 42/48 | €824,010 | €829,144 | +€5,134 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €130,572 | €181,329 | +€50,757 | +38.9% |
| Financial debts | 43 | €200,000 | - | -€200,000 | |
| Credit institutions | 430/8 | €200,000 | - | -€200,000 | |
| Trade debts | 44 | €110,408 | €147,898 | +€37,490 | +34.0% |
| Suppliers | 440/4 | €110,408 | €147,898 | +€37,490 | +34.0% |
| Taxes, remuneration and social security | 45 | €97,082 | €68,970 | -€28,112 | -29.0% |
| Taxes | 450/3 | €92,255 | €64,143 | -€28,112 | -30.5% |
| Remuneration and social security | 454/9 | €4,828 | €4,828 | = | 0.0% |
| Other amounts payable | 47/48 | €285,948 | €430,947 | +€145,000 | +50.7% |
| Accrued charges and deferred income | 492/3 | €404 | €116 | -€289 | -71.4% |
| Remuneration, social security and pensions | 62 | €213,101 | €59,407 | -€153,695 | -72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466,756 | €625,602 | +€158,846 | +34.0% |
| Other operating charges | 640/8 | €1,403 | €531 | -€872 | -62.2% |
| Gross operating margin | 9900 | €1,243,603 | €1,057,921 | -€185,682 | -14.9% |
| Operating profit (loss) | 9901 | €562,343 | €372,381 | -€189,962 | -33.8% |
| Financial income | 75/76B | €7,625 | €11,067 | +€3,443 | +45.2% |
| Recurring financial income | 75 | €176 | €152 | -€24 | -13.9% |
| Non-recurring financial income | 76B | €7,448 | €10,915 | +€3,467 | +46.5% |
| Financial charges | 65/66B | €46,770 | €58,731 | +€11,961 | +25.6% |
| Recurring financial charges | 65 | €46,770 | €58,731 | +€11,961 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €523,198 | €324,718 | -€198,481 | -37.9% |
| Income taxes | 67/77 | €124,320 | €88,488 | -€35,832 | -28.8% |
| Profit (loss) for the period | 9904 | €398,879 | €236,230 | -€162,649 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €398,879 | €236,230 | -€162,649 | -40.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.