HOOK AND PAPUSH: 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.
HOOK AND PAPUSH
Largest movements
- Tangible fixed assets -€2,030
down €2,030 (-75.4%), from €2,692 to €662
- Intangible fixed assets -€1,700
down €1,700 (-32.0%), from €5,314 to €3,614
- Cash +€1,609
up €1,609 (+42.4%), from €3,796 to €5,406
mainly Net result for the year (+€39,122) and Other debts (+€27,783)
- Other debts +€27,783
up €27,783 (+7,519%), from €369 to €28,152
- Debts after one year -€15,000
no longer reported in 2025 (was €15,000)
- Profit (loss) carried forward -€10,878
down €10,878 (-43.4%), from €25,046 to €14,169
- Trade debts -€3,029
down €3,029 (-34.7%), from €8,723 to €5,695
- Tax, wage and social debts -€2,756
down €2,756 (-22.3%), from €12,367 to €9,611
- Gross operating margin +€4,376
up €4,376 (+7.5%), from €58,540 to €62,915
- Financial charges +€2,543
up €2,543 (+198%), from €1,287 to €3,830
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 | €81,498 | €77,241 | -€4,258 | -5.2% |
| Fixed assets | 21/28 | €14,448 | €10,718 | -€3,730 | -25.8% |
| Intangible fixed assets | 21 | €5,314 | €3,614 | -€1,700 | -32.0% |
| Tangible fixed assets | 22/27 | €2,692 | €662 | -€2,030 | -75.4% |
| Furniture and vehicles | 24 | €2,692 | €662 | -€2,030 | -75.4% |
| Financial fixed assets | 28 | €6,442 | €6,442 | = | 0.0% |
| Current assets | 29/58 | €67,050 | €66,522 | -€528 | -0.8% |
| Stocks and contracts in progress | 3 | €60,417 | €59,709 | -€708 | -1.2% |
| Stocks | 30/36 | €60,417 | €59,709 | -€708 | -1.2% |
| Amounts receivable within one year | 40/41 | €675 | - | -€675 | |
| Trade receivables | 40 | €675 | - | -€675 | |
| Cash at bank and in hand | 54/58 | €3,796 | €5,406 | +€1,609 | +42.4% |
| Deferred charges and accrued income | 490/1 | €2,162 | €1,408 | -€754 | -34.9% |
| Total equity and liabilities | 10/49 | €81,498 | €77,241 | -€4,258 | -5.2% |
| Equity | 10/15 | €43,636 | €32,759 | -€10,878 | -24.9% |
| Contributions | 10/11 | €18,590 | €18,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,046 | €14,169 | -€10,878 | -43.4% |
| Amounts payable | 17/49 | €37,862 | €44,482 | +€6,620 | +17.5% |
| Amounts payable after more than one year | 17 | €15,000 | - | -€15,000 | |
| Financial debts | 170/4 | €15,000 | - | -€15,000 | |
| Amounts payable within one year | 42/48 | €22,670 | €44,481 | +€21,812 | +96.2% |
| Current portion of amounts payable after more than one year | 42 | €505 | €843 | +€337 | +66.8% |
| Financial debts | 43 | €705 | €181 | -€524 | -74.4% |
| Credit institutions | 430/8 | €705 | €181 | -€524 | -74.4% |
| Trade debts | 44 | €8,723 | €5,695 | -€3,029 | -34.7% |
| Suppliers | 440/4 | €8,723 | €5,695 | -€3,029 | -34.7% |
| Taxes, remuneration and social security | 45 | €12,367 | €9,611 | -€2,756 | -22.3% |
| Taxes | 450/3 | €12,367 | €9,611 | -€2,756 | -22.3% |
| Other amounts payable | 47/48 | €369 | €28,152 | +€27,783 | +7,519% |
| Accrued charges and deferred income | 492/3 | €192 | €0 | -€192 | -99.8% |
| Remuneration, social security and pensions | 62 | €180 | €453 | +€272 | +151% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,854 | €3,730 | -€124 | -3.2% |
| Other operating charges | 640/8 | €723 | €463 | -€259 | -35.9% |
| Gross operating margin | 9900 | €58,540 | €62,915 | +€4,376 | +7.5% |
| Operating profit (loss) | 9901 | €53,783 | €58,269 | +€4,487 | +8.3% |
| Financial income | 75/76B | €229 | €426 | +€197 | +86.2% |
| Recurring financial income | 75 | €229 | €426 | +€197 | +86.2% |
| Financial charges | 65/66B | €1,287 | €3,830 | +€2,543 | +198% |
| Recurring financial charges | 65 | €1,287 | €3,830 | +€2,543 | +198% |
| Profit (loss) for the period before taxes | 9903 | €52,724 | €54,865 | +€2,141 | +4.1% |
| Income taxes | 67/77 | €15,959 | €15,742 | -€217 | -1.4% |
| Profit (loss) for the period | 9904 | €36,765 | €39,122 | +€2,358 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,765 | €39,122 | +€2,358 | +6.4% |
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 23 October 2026 via checked.be.