HOPE: 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.
HOPE
Largest movements
- Tangible fixed assets +€60,083
up €60,083 (+424.0%), from €14,170 to €74,253
of which Furniture and vehicles: +€58,912
- Cash -€37,356
down €37,356 (-24.3%), from €153,875 to €116,519
mainly Investment in fixed assets (net) (-€77,771) and Tax, wage and social debts (-€3,701)
- Receivables within one year -€8,657
down €8,657 (-96.3%), from €8,990 to €333
- Deferred charges and accrued income +€2,025
up €2,025 (+70.4%), from €2,878 to €4,903
- Reserves +€11,110
up €11,110 (+9.2%), from €120,529 to €131,639
of which Distributable reserves: +€11,110
- Other debts +€4,850
up €4,850 (+28.9%), from €16,757 to €21,607
- Trade debts +€3,836
up €3,836 (+115.5%), from €3,322 to €7,158
- Tax, wage and social debts -€3,701
down €3,701 (-13.7%), from €26,921 to €23,220
of which Taxes: -€2,581
- Gross operating margin +€20,479
up €20,479 (+22.1%), from €92,754 to €113,233
- Depreciation +€13,212
up €13,212 (+295.2%), from €4,476 to €17,688
- Staff costs +€5,650
up €5,650 (+8.7%), from €65,196 to €70,846
- Taxes +€2,397
up €2,397 (+34.4%), from €6,974 to €9,371
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 | €179,913 | €196,008 | +€16,095 | +8.9% |
| Fixed assets | 21/28 | €14,170 | €74,253 | +€60,083 | +424.0% |
| Tangible fixed assets | 22/27 | €14,170 | €74,253 | +€60,083 | +424.0% |
| Land and buildings | 22 | €7,947 | €5,703 | -€2,244 | -28.2% |
| Plant, machinery and equipment | 23 | €1,456 | €4,871 | +€3,415 | +234.5% |
| Furniture and vehicles | 24 | €4,767 | €63,679 | +€58,912 | +1235.8% |
| Current assets | 29/58 | €165,743 | €121,755 | -€43,988 | -26.5% |
| Amounts receivable within one year | 40/41 | €8,990 | €333 | -€8,657 | -96.3% |
| Other amounts receivable | 41 | €8,990 | €333 | -€8,657 | -96.3% |
| Cash at bank and in hand | 54/58 | €153,875 | €116,519 | -€37,356 | -24.3% |
| Deferred charges and accrued income | 490/1 | €2,878 | €4,903 | +€2,025 | +70.4% |
| Total equity and liabilities | 10/49 | €179,913 | €196,008 | +€16,095 | +8.9% |
| Equity | 10/15 | €125,463 | €136,573 | +€11,110 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €120,529 | €131,639 | +€11,110 | +9.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €243 | €243 | = | 0.0% |
| Distributable reserves | 133 | €118,426 | €129,536 | +€11,110 | +9.4% |
| Profit (loss) carried forward | 14 | -€13,666 | -€13,666 | = | 0.0% |
| Amounts payable | 17/49 | €54,450 | €59,435 | +€4,985 | +9.2% |
| Amounts payable after more than one year | 17 | €7,450 | €7,450 | = | 0.0% |
| Financial debts | 170/4 | €7,450 | €7,450 | = | 0.0% |
| Amounts payable within one year | 42/48 | €47,000 | €51,985 | +€4,985 | +10.6% |
| Trade debts | 44 | €3,322 | €7,158 | +€3,836 | +115.5% |
| Suppliers | 440/4 | €3,322 | €7,158 | +€3,836 | +115.5% |
| Taxes, remuneration and social security | 45 | €26,921 | €23,220 | -€3,701 | -13.7% |
| Taxes | 450/3 | €16,489 | €13,908 | -€2,581 | -15.7% |
| Remuneration and social security | 454/9 | €10,432 | €9,312 | -€1,120 | -10.7% |
| Other amounts payable | 47/48 | €16,757 | €21,607 | +€4,850 | +28.9% |
| Remuneration, social security and pensions | 62 | €65,196 | €70,846 | +€5,650 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,476 | €17,688 | +€13,212 | +295.2% |
| Other operating charges | 640/8 | €2,890 | €2,890 | = | 0.0% |
| Gross operating margin | 9900 | €92,754 | €113,233 | +€20,479 | +22.1% |
| Operating profit (loss) | 9901 | €20,192 | €21,809 | +€1,617 | +8.0% |
| Financial charges | 65/66B | €1,589 | €1,328 | -€261 | -16.4% |
| Recurring financial charges | 65 | €1,589 | €1,328 | -€261 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €18,603 | €20,481 | +€1,878 | +10.1% |
| Income taxes | 67/77 | €6,974 | €9,371 | +€2,397 | +34.4% |
| Profit (loss) for the period | 9904 | €11,629 | €11,110 | -€519 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,629 | €11,110 | -€519 | -4.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.