HOP3: 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.
HOP3
Largest movements
- Receivables within one year -€83,222
down €83,222 (-48.9%), from €170,300 to €87,078
of which Trade receivables: -€72,050
- Cash -€24,314
down €24,314 (-41.3%), from €58,807 to €34,493
mainly Trade debts (-€85,338) and Contributions, distributions and other (-€66,000)
- Trade debts -€85,338
down €85,338 (-98.6%), from €86,561 to €1,223
- Other debts -€25,810
down €25,810 (-27.3%), from €94,704 to €68,893
- Tax, wage and social debts +€2,392
up €2,392 (+22.8%), from €10,501 to €12,893
- Gross operating margin -€34,675
down €34,675 (-28.9%), from €120,115 to €85,439
- Taxes -€8,628
down €8,628 (-33.2%), from €26,001 to €17,373
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 | €231,245 | €122,835 | -€108,410 | -46.9% |
| Fixed assets | 21/28 | €1,358 | €462 | -€896 | -66.0% |
| Tangible fixed assets | 22/27 | €1,358 | €462 | -€896 | -66.0% |
| Furniture and vehicles | 24 | €809 | €148 | -€660 | -81.6% |
| Other tangible fixed assets | 26 | €550 | €314 | -€236 | -42.9% |
| Current assets | 29/58 | €229,886 | €122,373 | -€107,513 | -46.8% |
| Amounts receivable within one year | 40/41 | €170,300 | €87,078 | -€83,222 | -48.9% |
| Trade receivables | 40 | €159,129 | €87,078 | -€72,050 | -45.3% |
| Other amounts receivable | 41 | €11,171 | €0 | -€11,171 | -100% |
| Cash at bank and in hand | 54/58 | €58,807 | €34,493 | -€24,314 | -41.3% |
| Deferred charges and accrued income | 490/1 | €779 | €802 | +€23 | +2.9% |
| Total equity and liabilities | 10/49 | €231,245 | €122,835 | -€108,410 | -46.9% |
| Equity | 10/15 | €39,478 | €39,825 | +€347 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,360 | €20,360 | = | 0.0% |
| Distributable reserves | 133 | €20,360 | €20,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €518 | €865 | +€347 | +67.0% |
| Amounts payable | 17/49 | €191,766 | €83,010 | -€108,757 | -56.7% |
| Amounts payable within one year | 42/48 | €191,766 | €83,010 | -€108,757 | -56.7% |
| Trade debts | 44 | €86,561 | €1,223 | -€85,338 | -98.6% |
| Suppliers | 440/4 | €86,561 | €1,223 | -€85,338 | -98.6% |
| Taxes, remuneration and social security | 45 | €10,501 | €12,893 | +€2,392 | +22.8% |
| Taxes | 450/3 | €10,501 | €12,893 | +€2,392 | +22.8% |
| Other amounts payable | 47/48 | €94,704 | €68,893 | -€25,810 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €896 | €896 | +€0 | 0.0% |
| Other operating charges | 640/8 | €485 | €501 | +€16 | +3.2% |
| Gross operating margin | 9900 | €120,115 | €85,439 | -€34,675 | -28.9% |
| Operating profit (loss) | 9901 | €118,733 | €84,042 | -€34,691 | -29.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €373 | €322 | -€51 | -13.6% |
| Recurring financial charges | 65 | €373 | €322 | -€51 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €118,361 | €83,720 | -€34,641 | -29.3% |
| Income taxes | 67/77 | €26,001 | €17,373 | -€8,628 | -33.2% |
| Profit (loss) for the period | 9904 | €92,360 | €66,347 | -€26,012 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €92,360 | €66,347 | -€26,012 | -28.2% |
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 18 October 2026 via checked.be.