HOORWINKEL: 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.
HOORWINKEL
Largest movements
- Receivables within one year +€28,715
up €28,715 (+27.7%), from €103,510 to €132,225
of which Trade receivables: +€26,817
- Cash -€11,615
down €11,615 (-23.3%), from €49,909 to €38,294
mainly Receivables within one year (-€28,715) and Other debts (-€10,884)
- Deferred charges and accrued income +€10,516
up €10,516 (+2,932%), from €359 to €10,875
- Financial fixed assets +€3,900
up €3,900 (+48.1%), from €8,110 to €12,010
- Accrued charges and deferred income +€20,220
up €20,220 (+2,051%), from €986 to €21,206
- Trade debts +€19,605
up €19,605 (+17.1%), from €114,854 to €134,459
- Other debts -€10,884
no longer reported in 2024 (was €10,884)
- Tax, wage and social debts +€5,014
up €5,014 (+10.5%), from €47,649 to €52,663
of which Remuneration and social security: +€5,275
- Profit (loss) carried forward -€3,958
down €3,958 (-16.1%), from €24,519 to €20,561
- Staff costs +€30,639
up €30,639 (+55.6%), from €55,144 to €85,783
- Other operating charges +€24,596
up €24,596 (+753%), from €3,267 to €27,863
- Financial charges -€24,491
down €24,491 (-93.1%), from €26,300 to €1,810
- Gross operating margin -€9,551
down €9,551 (-7.0%), from €135,596 to €126,044
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €226,532 | €256,529 | +€29,997 | +13.2% |
| Fixed assets | 21/28 | €9,459 | €12,757 | +€3,298 | +34.9% |
| Tangible fixed assets | 22/27 | €1,349 | €747 | -€602 | -44.6% |
| Plant, machinery and equipment | 23 | €220 | €16 | -€203 | -92.5% |
| Furniture and vehicles | 24 | €977 | €731 | -€247 | -25.2% |
| Other tangible fixed assets | 26 | €152 | - | -€152 | |
| Financial fixed assets | 28 | €8,110 | €12,010 | +€3,900 | +48.1% |
| Current assets | 29/58 | €217,073 | €243,772 | +€26,698 | +12.3% |
| Stocks and contracts in progress | 3 | €63,295 | €62,378 | -€917 | -1.4% |
| Stocks | 30/36 | €22,493 | €17,472 | -€5,021 | -22.3% |
| Contracts in progress | 37 | €40,802 | €44,906 | +€4,104 | +10.1% |
| Amounts receivable within one year | 40/41 | €103,510 | €132,225 | +€28,715 | +27.7% |
| Trade receivables | 40 | €88,422 | €115,239 | +€26,817 | +30.3% |
| Other amounts receivable | 41 | €15,088 | €16,986 | +€1,897 | +12.6% |
| Cash at bank and in hand | 54/58 | €49,909 | €38,294 | -€11,615 | -23.3% |
| Deferred charges and accrued income | 490/1 | €359 | €10,875 | +€10,516 | +2,932% |
| Total equity and liabilities | 10/49 | €226,532 | €256,529 | +€29,997 | +13.2% |
| Equity | 10/15 | €46,994 | €43,035 | -€3,958 | -8.4% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €9,875 | €9,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,015 | €8,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,519 | €20,561 | -€3,958 | -16.1% |
| Provisions and deferred taxes | 16 | €5,166 | €5,166 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,166 | €5,166 | = | 0.0% |
| Other liabilities and charges | 164/5 | €5,166 | €5,166 | = | 0.0% |
| Amounts payable | 17/49 | €174,373 | €208,328 | +€33,955 | +19.5% |
| Amounts payable within one year | 42/48 | €173,387 | €187,122 | +€13,736 | +7.9% |
| Trade debts | 44 | €114,854 | €134,459 | +€19,605 | +17.1% |
| Suppliers | 440/4 | €114,854 | €134,459 | +€19,605 | +17.1% |
| Taxes, remuneration and social security | 45 | €47,649 | €52,663 | +€5,014 | +10.5% |
| Taxes | 450/3 | €38,556 | €38,295 | -€261 | -0.7% |
| Remuneration and social security | 454/9 | €9,093 | €14,368 | +€5,275 | +58.0% |
| Other amounts payable | 47/48 | €10,884 | - | -€10,884 | |
| Accrued charges and deferred income | 492/3 | €986 | €21,206 | +€20,220 | +2,051% |
| Non-recurring operating income | 76A | €8,374 | €4,446 | -€3,928 | -46.9% |
| Remuneration, social security and pensions | 62 | €55,144 | €85,783 | +€30,639 | +55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,276 | €602 | -€675 | -52.9% |
| Other operating charges | 640/8 | €3,267 | €27,863 | +€24,596 | +753% |
| Gross operating margin | 9900 | €135,596 | €126,044 | -€9,551 | -7.0% |
| Operating profit (loss) | 9901 | €75,908 | €11,796 | -€64,112 | -84.5% |
| Financial income | 75/76B | €165 | €5 | -€160 | -96.8% |
| Recurring financial income | 75 | €165 | €5 | -€160 | -96.8% |
| Financial charges | 65/66B | €26,300 | €1,810 | -€24,491 | -93.1% |
| Recurring financial charges | 65 | €26,300 | €1,810 | -€24,491 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | €49,773 | €9,992 | -€39,781 | -79.9% |
| Income taxes | 67/77 | €14,950 | €13,950 | -€1,000 | -6.7% |
| Profit (loss) for the period | 9904 | €34,823 | -€3,958 | -€38,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,823 | -€3,958 | -€38,781 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.