Hoorne & Bruneel: what changed
Hoorne & Bruneel
Largest movements
- Intangible fixed assets -€21,840
down €21,840 (-69.2%), from €31,549 to €9,709
- Cash -€16,976
down €16,976 (-8.9%), from €189,876 to €172,900
mainly Short-term financial debts (-€52,571) and Current investments (-€10,000)
- Current investments +€10,000
up €10,000 (+15.4%), from €65,000 to €75,000
- Short-term financial debts -€52,571
down €52,571 (-32.4%), from €162,173 to €109,601
- Reserves +€13,404
up €13,404 (+1,439%), from €931 to €14,335
of which Distributable reserves: +€13,408
- Tax, wage and social debts +€5,848
up €5,848, from €0 to €5,848
- Trade debts -€3,813
down €3,813 (-94.4%), from €4,037 to €225
- Profit (loss) carried forward +€3,682
up €3,682, from -€3,682 to €0
- Gross operating margin +€16,024
up €16,024 (+51.6%), from €31,028 to €47,052
- Taxes +€6,384
new in 2025: €6,384
- Financial income +€1,788
up €1,788 (+2,554,186%), from €0 to €1,788
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €288,925 | €258,676 | -€30,249 | -10.5% |
| Fixed assets | 21/28 | €31,549 | €9,709 | -€21,840 | -69.2% |
| Intangible fixed assets | 21 | €31,549 | €9,709 | -€21,840 | -69.2% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €257,376 | €248,967 | -€8,409 | -3.3% |
| Amounts receivable within one year | 40/41 | €2,500 | €1,067 | -€1,433 | -57.3% |
| Trade receivables | 40 | €0 | €1,067 | +€1,067 | |
| Other amounts receivable | 41 | €2,500 | €0 | -€2,500 | -100% |
| Current investments | 50/53 | €65,000 | €75,000 | +€10,000 | +15.4% |
| Cash at bank and in hand | 54/58 | €189,876 | €172,900 | -€16,976 | -8.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €288,925 | €258,676 | -€30,249 | -10.5% |
| Equity | 10/15 | €15,850 | €32,935 | +€17,085 | +108% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €931 | €14,335 | +€13,404 | +1,439% |
| Tax-exempt reserves | 132 | €5 | €0 | -€5 | -100% |
| Distributable reserves | 133 | €926 | €14,335 | +€13,408 | +1,447% |
| Profit (loss) carried forward | 14 | -€3,682 | €0 | +€3,682 | |
| Amounts payable | 17/49 | €273,075 | €225,741 | -€47,334 | -17.3% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €170,075 | €122,741 | -€47,334 | -27.8% |
| Financial debts | 43 | €162,173 | €109,601 | -€52,571 | -32.4% |
| Credit institutions | 430/8 | €162,173 | €109,601 | -€52,571 | -32.4% |
| Trade debts | 44 | €4,037 | €225 | -€3,813 | -94.4% |
| Suppliers | 440/4 | €4,037 | €225 | -€3,813 | -94.4% |
| Taxes, remuneration and social security | 45 | €0 | €5,848 | +€5,848 | |
| Taxes | 450/3 | €0 | €5,848 | +€5,848 | |
| Other amounts payable | 47/48 | €3,865 | €7,067 | +€3,202 | +82.9% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,911 | €21,840 | -€71 | -0.3% |
| Other operating charges | 640/8 | €299 | €308 | +€9 | +2.8% |
| Gross operating margin | 9900 | €31,028 | €47,052 | +€16,024 | +51.6% |
| Operating profit (loss) | 9901 | €8,818 | €24,905 | +€16,086 | +182% |
| Financial income | 75/76B | €0 | €1,788 | +€1,788 | +2,554,186% |
| Recurring financial income | 75 | €0 | €1,788 | +€1,788 | +2,554,186% |
| Financial charges | 65/66B | €3,363 | €3,223 | -€140 | -4.2% |
| Recurring financial charges | 65 | €3,363 | €3,223 | -€140 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €5,455 | €23,469 | +€18,014 | +330% |
| Income taxes | 67/77 | - | €6,384 | +€6,384 | |
| Profit (loss) for the period | 9904 | €5,455 | €17,085 | +€11,631 | +213% |
| Transfer from tax-exempt reserves | 789 | - | €5 | +€5 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,455 | €17,090 | +€11,635 | +213% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.