HOP: 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.
HOP
Largest movements
- Cash +€47,347
up €47,347 (+67.0%), from €70,700 to €118,047
mainly Net result for the year (+€49,536) and Tax, wage and social debts (+€12,000)
- Receivables within one year +€14,329
up €14,329, from €0 to €14,329
- Reserves +€49,536
up €49,536 (+98.2%), from €50,429 to €99,965
- Tax, wage and social debts +€12,000
up €12,000 (+64.3%), from €18,651 to €30,650
of which Taxes: +€12,000
- Gross operating margin +€4,843
up €4,843 (+8.6%), from €56,614 to €61,457
- Taxes -€946
down €946 (-7.6%), from €12,364 to €11,418
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 | €71,762 | €133,038 | +€61,275 | +85.4% |
| Fixed assets | 21/28 | €1,062 | €662 | -€400 | -37.7% |
| Tangible fixed assets | 22/27 | €1,062 | €662 | -€400 | -37.7% |
| Plant, machinery and equipment | 23 | €1,062 | €662 | -€400 | -37.7% |
| Current assets | 29/58 | €70,700 | €132,376 | +€61,676 | +87.2% |
| Amounts receivable within one year | 40/41 | €0 | €14,329 | +€14,329 | |
| Trade receivables | 40 | €0 | €14,329 | +€14,329 | |
| Cash at bank and in hand | 54/58 | €70,700 | €118,047 | +€47,347 | +67.0% |
| Total equity and liabilities | 10/49 | €71,762 | €133,038 | +€61,275 | +85.4% |
| Equity | 10/15 | €51,429 | €100,965 | +€49,536 | +96.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €50,429 | €99,965 | +€49,536 | +98.2% |
| Distributable reserves | 133 | €50,429 | €99,965 | +€49,536 | +98.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,334 | €32,073 | +€11,739 | +57.7% |
| Amounts payable within one year | 42/48 | €19,584 | €32,073 | +€12,489 | +63.8% |
| Trade debts | 44 | €0 | €739 | +€739 | |
| Suppliers | 440/4 | €0 | €739 | +€739 | |
| Taxes, remuneration and social security | 45 | €18,651 | €30,650 | +€12,000 | +64.3% |
| Taxes | 450/3 | €18,651 | €30,650 | +€12,000 | +64.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €933 | €683 | -€250 | -26.8% |
| Accrued charges and deferred income | 492/3 | €750 | €0 | -€750 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139 | €400 | +€261 | +187.4% |
| Other operating charges | 640/8 | €126 | €62 | -€64 | -50.7% |
| Gross operating margin | 9900 | €56,614 | €61,457 | +€4,843 | +8.6% |
| Operating profit (loss) | 9901 | €56,349 | €60,995 | +€4,645 | +8.2% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €56,306 | €60,954 | +€4,649 | +8.3% |
| Income taxes | 67/77 | €12,364 | €11,418 | -€946 | -7.6% |
| Profit (loss) for the period | 9904 | €43,942 | €49,536 | +€5,594 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,942 | €49,536 | +€5,594 | +12.7% |
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 12 October 2026 via checked.be.