HOORENS: 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.
HOORENS
Largest movements
- Current investments +€410,000
up €410,000 (+58.6%), from €700,000 to €1.1m
- Cash -€291,182
down €291,182 (-47.3%), from €615,685 to €324,503
mainly Current investments (-€410,000) and Contributions, distributions and other (-€150,002)
- Reserves +€116,558
up €116,558 (+10.1%), from €1.1m to €1.3m
of which Distributable reserves: +€116,558
- Tax, wage and social debts +€18,071
up €18,071 (+76.1%), from €23,760 to €41,832
of which Taxes: +€22,031
- Gross operating margin +€63,064
up €63,064 (+17.4%), from €362,739 to €425,802
- Financial income +€36,129
up €36,129 (+267,425%), from €14 to €36,143
- Taxes +€32,146
up €32,146 (+36.8%), from €87,371 to €119,517
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 | €1,510,067 | €1,635,868 | +€125,801 | +8.3% |
| Fixed assets | 21/28 | €40,513 | €36,625 | -€3,888 | -9.6% |
| Tangible fixed assets | 22/27 | €40,403 | €36,515 | -€3,888 | -9.6% |
| Land and buildings | 22 | €24,766 | €22,426 | -€2,341 | -9.5% |
| Furniture and vehicles | 24 | €15,637 | €14,090 | -€1,548 | -9.9% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €1,469,554 | €1,599,243 | +€129,689 | +8.8% |
| Stocks and contracts in progress | 3 | €126,172 | €127,742 | +€1,570 | +1.2% |
| Stocks | 30/36 | €126,172 | €127,742 | +€1,570 | +1.2% |
| Amounts receivable within one year | 40/41 | €19,876 | €29,601 | +€9,725 | +48.9% |
| Trade receivables | 40 | €19,876 | €24,283 | +€4,406 | +22.2% |
| Other amounts receivable | 41 | - | €5,319 | +€5,319 | |
| Current investments | 50/53 | €700,000 | €1,110,000 | +€410,000 | +58.6% |
| Cash at bank and in hand | 54/58 | €615,685 | €324,503 | -€291,182 | -47.3% |
| Deferred charges and accrued income | 490/1 | €7,821 | €7,397 | -€424 | -5.4% |
| Total equity and liabilities | 10/49 | €1,510,067 | €1,635,868 | +€125,801 | +8.3% |
| Equity | 10/15 | €1,442,587 | €1,554,671 | +€112,084 | +7.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,149,199 | €1,265,757 | +€116,558 | +10.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,142,999 | €1,259,557 | +€116,558 | +10.2% |
| Profit (loss) carried forward | 14 | €231,388 | €226,914 | -€4,474 | -1.9% |
| Amounts payable | 17/49 | €67,480 | €81,197 | +€13,717 | +20.3% |
| Amounts payable within one year | 42/48 | €58,980 | €81,197 | +€22,217 | +37.7% |
| Trade debts | 44 | €15,716 | €16,226 | +€510 | +3.2% |
| Suppliers | 440/4 | €15,716 | €16,226 | +€510 | +3.2% |
| Taxes, remuneration and social security | 45 | €23,760 | €41,832 | +€18,071 | +76.1% |
| Taxes | 450/3 | €13,236 | €35,268 | +€22,031 | +166% |
| Remuneration and social security | 454/9 | €10,524 | €6,564 | -€3,960 | -37.6% |
| Other amounts payable | 47/48 | €19,504 | €23,140 | +€3,636 | +18.6% |
| Accrued charges and deferred income | 492/3 | €8,500 | - | -€8,500 | |
| Remuneration, social security and pensions | 62 | €59,922 | €56,585 | -€3,337 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,746 | €10,491 | +€745 | +7.6% |
| Other operating charges | 640/8 | €8,007 | €8,070 | +€63 | +0.8% |
| Gross operating margin | 9900 | €362,739 | €425,802 | +€63,064 | +17.4% |
| Operating profit (loss) | 9901 | €285,063 | €350,656 | +€65,593 | +23.0% |
| Financial income | 75/76B | €14 | €36,143 | +€36,129 | +267,425% |
| Recurring financial income | 75 | €14 | €36,143 | +€36,129 | +267,425% |
| Financial charges | 65/66B | €3,680 | €5,196 | +€1,516 | +41.2% |
| Recurring financial charges | 65 | €3,680 | €5,196 | +€1,516 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €281,396 | €381,603 | +€100,207 | +35.6% |
| Income taxes | 67/77 | €87,371 | €119,517 | +€32,146 | +36.8% |
| Profit (loss) for the period | 9904 | €194,025 | €262,086 | +€68,060 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €194,025 | €262,086 | +€68,060 | +35.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.