Hoorpunt: 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.
Hoorpunt
Largest movements
- Tangible fixed assets +€64,256
up €64,256 (+642%), from €10,006 to €74,262
of which Other tangible fixed assets: +€63,304
- Cash +€22,810
up €22,810 (+36.2%), from €63,080 to €85,891
mainly Net result for the year (+€62,183) and Debts after one year (+€28,246)
- Receivables within one year +€6,596
up €6,596 (+43.4%), from €15,194 to €21,790
of which Trade receivables: +€8,257
- Profit (loss) carried forward +€62,183
up €62,183 (+61.2%), from -€101,546 to -€39,363
- Debts after one year +€28,246
up €28,246 (+50.8%), from €55,575 to €83,821
- Other debts -€8,969
down €8,969 (-21.7%), from €41,278 to €32,308
- Trade debts +€8,095
up €8,095 (+31.2%), from €25,960 to €34,055
- Advances received -€5,175
down €5,175 (-100%), from €5,175 to €0
- Gross operating margin +€91,985
up €91,985 (+229%), from €40,149 to €132,134
- Depreciation -€22,092
down €22,092 (-67.5%), from €32,718 to €10,626
- Staff costs +€4,225
up €4,225 (+9.0%), from €46,875 to €51,100
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 | €98,147 | €190,221 | +€92,073 | +93.8% |
| Formation expenses | 20 | €889 | €0 | -€889 | -100% |
| Fixed assets | 21/28 | €12,974 | €76,752 | +€63,779 | +492% |
| Intangible fixed assets | 21 | €477 | €0 | -€477 | -100% |
| Tangible fixed assets | 22/27 | €10,006 | €74,262 | +€64,256 | +642% |
| Plant, machinery and equipment | 23 | €1,060 | €1,772 | +€712 | +67.1% |
| Furniture and vehicles | 24 | €3,698 | €3,938 | +€240 | +6.5% |
| Other tangible fixed assets | 26 | €5,248 | €68,552 | +€63,304 | +1,206% |
| Financial fixed assets | 28 | €2,490 | €2,490 | = | 0.0% |
| Current assets | 29/58 | €84,284 | €113,468 | +€29,184 | +34.6% |
| Amounts receivable within one year | 40/41 | €15,194 | €21,790 | +€6,596 | +43.4% |
| Trade receivables | 40 | €13,532 | €21,790 | +€8,257 | +61.0% |
| Other amounts receivable | 41 | €1,662 | €0 | -€1,662 | -100% |
| Cash at bank and in hand | 54/58 | €63,080 | €85,891 | +€22,810 | +36.2% |
| Deferred charges and accrued income | 490/1 | €6,010 | €5,788 | -€222 | -3.7% |
| Total equity and liabilities | 10/49 | €98,147 | €190,221 | +€92,073 | +93.8% |
| Equity | 10/15 | -€56,546 | €5,637 | +€62,183 | |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,546 | -€39,363 | +€62,183 | +61.2% |
| Amounts payable | 17/49 | €154,694 | €184,584 | +€29,891 | +19.3% |
| Amounts payable after more than one year | 17 | €55,575 | €83,821 | +€28,246 | +50.8% |
| Financial debts | 170/4 | €55,575 | €83,821 | +€28,246 | +50.8% |
| Amounts payable within one year | 42/48 | €99,103 | €100,727 | +€1,624 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €13,684 | €18,305 | +€4,622 | +33.8% |
| Trade debts | 44 | €25,960 | €34,055 | +€8,095 | +31.2% |
| Suppliers | 440/4 | €25,960 | €34,055 | +€8,095 | +31.2% |
| Advances received on contracts in progress | 46 | €5,175 | €0 | -€5,175 | -100% |
| Taxes, remuneration and social security | 45 | €13,006 | €16,058 | +€3,052 | +23.5% |
| Taxes | 450/3 | €2,333 | €4,839 | +€2,506 | +107% |
| Remuneration and social security | 454/9 | €10,674 | €11,220 | +€546 | +5.1% |
| Other amounts payable | 47/48 | €41,278 | €32,308 | -€8,969 | -21.7% |
| Accrued charges and deferred income | 492/3 | €16 | €36 | +€20 | +127% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €46,875 | €51,100 | +€4,225 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,718 | €10,626 | -€22,092 | -67.5% |
| Other operating charges | 640/8 | €2,047 | €3,247 | +€1,200 | +58.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €40,149 | €132,134 | +€91,985 | +229% |
| Operating profit (loss) | 9901 | -€41,491 | €67,161 | +€108,653 | |
| Financial income | 75/76B | €282 | €167 | -€115 | -40.8% |
| Recurring financial income | 75 | €282 | €167 | -€115 | -40.8% |
| Financial charges | 65/66B | €3,960 | €4,922 | +€962 | +24.3% |
| Recurring financial charges | 65 | €3,960 | €4,922 | +€962 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | -€45,170 | €62,406 | +€107,576 | |
| Income taxes | 67/77 | €226 | €223 | -€3 | -1.5% |
| Profit (loss) for the period | 9904 | -€45,396 | €62,183 | +€107,579 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,396 | €62,183 | +€107,579 |
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 28 October 2026 via checked.be.