HOORY: what changed
Two fiscal 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.
HOORY
Largest movements
- Tangible fixed assets +€3.7m
up €3.7m (+18.7%), from €19.7m to €23.4m
of which Land and buildings: +€3.7m
- Current investments -€1.1m
no longer reported in 2025 (was €1.1m)
- Cash +€285,503
up €285,503 (+71.5%), from €399,463 to €684,966
mainly Other debts (+€1.5m) and Current investments (+€1.1m)
- Other debts +€1.5m
up €1.5m (+18.9%), from €8.0m to €9.5m
- Debts after one year +€975,905
up €975,905 (+18.5%), from €5.3m to €6.3m
- Depreciation +€279,941
up €279,941 (+54.5%), from €513,916 to €793,858
- Gross operating margin +€82,826
up €82,826 (+9.5%), from €873,497 to €956,323
- Financial charges +€22,422
up €22,422 (+20.9%), from €107,541 to €129,963
- Other operating charges -€13,450
down €13,450 (-10.5%), from €127,774 to €114,323
- Financial income +€11,273
up €11,273 (+25.6%), from €44,062 to €55,336
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.
Cash bridge derived
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 | €23,303,004 | €26,020,271 | +€2.7m | +11.7% |
| Fixed assets | 21/28 | €19,692,120 | €23,371,939 | +€3.7m | +18.7% |
| Tangible fixed assets | 22/27 | €19,692,120 | €23,371,939 | +€3.7m | +18.7% |
| Land and buildings | 22 | €19,576,813 | €23,264,750 | +€3.7m | +18.8% |
| Furniture and vehicles | 24 | €115,307 | €107,189 | -€8,118 | -7.0% |
| Current assets | 29/58 | €3,610,884 | €2,648,332 | -€962,552 | -26.7% |
| Amounts receivable after more than one year | 29 | €114,983 | €94,979 | -€20,004 | -17.4% |
| Other amounts receivable | 291 | €114,983 | €94,979 | -€20,004 | -17.4% |
| Amounts receivable within one year | 40/41 | €1,951,074 | €1,831,552 | -€119,522 | -6.1% |
| Other amounts receivable | 41 | €1,951,074 | €1,831,552 | -€119,522 | -6.1% |
| Current investments | 50/53 | €1,102,523 | - | -€1.1m | |
| Cash at bank and in hand | 54/58 | €399,463 | €684,966 | +€285,503 | +71.5% |
| Deferred charges and accrued income | 490/1 | €42,840 | €36,835 | -€6,005 | -14.0% |
| Total equity and liabilities | 10/49 | €23,303,004 | €26,020,271 | +€2.7m | +11.7% |
| Equity | 10/15 | €8,936,582 | €8,899,535 | -€37,047 | -0.4% |
| Contributions | 10/11 | €735,000 | €735,000 | = | 0.0% |
| Capital | 10 | €735,000 | €735,000 | = | 0.0% |
| Issued capital | 100 | €735,000 | €735,000 | = | 0.0% |
| Reserves | 13 | €98,289 | €98,289 | = | 0.0% |
| Non-distributable reserves | 130/1 | €73,500 | €73,500 | = | 0.0% |
| Legal reserve | 130 | €73,500 | €73,500 | = | 0.0% |
| Distributable reserves | 133 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,103,293 | €8,066,246 | -€37,047 | -0.5% |
| Amounts payable | 17/49 | €14,366,422 | €17,120,736 | +€2.8m | +19.2% |
| Amounts payable after more than one year | 17 | €5,278,360 | €6,254,265 | +€975,905 | +18.5% |
| Financial debts | 170/4 | €5,278,360 | €6,254,265 | +€975,905 | +18.5% |
| Amounts payable within one year | 42/48 | €9,072,444 | €10,847,281 | +€1.8m | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €797,125 | €1,056,042 | +€258,917 | +32.5% |
| Trade debts | 44 | €248,261 | €244,851 | -€3,410 | -1.4% |
| Suppliers | 440/4 | €248,261 | €244,851 | -€3,410 | -1.4% |
| Other amounts payable | 47/48 | €8,027,059 | €9,546,388 | +€1.5m | +18.9% |
| Accrued charges and deferred income | 492/3 | €15,617 | €19,190 | +€3,572 | +22.9% |
| Non-recurring operating income | 76A | €2,000 | €236,481 | +€234,481 | +11724.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €513,916 | €793,858 | +€279,941 | +54.5% |
| Other operating charges | 640/8 | €127,774 | €114,323 | -€13,450 | -10.5% |
| Gross operating margin | 9900 | €873,497 | €956,323 | +€82,826 | +9.5% |
| Operating profit (loss) | 9901 | €231,807 | €48,142 | -€183,665 | -79.2% |
| Financial income | 75/76B | €44,062 | €55,336 | +€11,273 | +25.6% |
| Recurring financial income | 75 | €44,062 | €55,336 | +€11,273 | +25.6% |
| Financial charges | 65/66B | €107,541 | €129,963 | +€22,422 | +20.9% |
| Recurring financial charges | 65 | €107,541 | €129,963 | +€22,422 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €168,329 | -€26,485 | -€194,814 | |
| Income taxes | 67/77 | €1,041 | €10,561 | +€9,521 | +914.7% |
| Profit (loss) for the period | 9904 | €167,288 | -€37,047 | -€204,335 | |
| Profit (loss) for the period to be appropriated | 9905 | €167,288 | -€37,047 | -€204,335 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.