HOPE: 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.
HOPE
Largest movements
- Receivables within one year +€163,455
up €163,455 (+197%), from €83,098 to €246,553
of which Trade receivables: +€162,839
- Cash -€16,211
down €16,211 (-6.3%), from €256,314 to €240,103
mainly Receivables within one year (-€163,455) and Tax, wage and social debts (-€12,566)
- Trade debts +€161,653
up €161,653 (+75.0%), from €215,589 to €377,242
- Tax, wage and social debts -€12,566
down €12,566 (-29.4%), from €42,668 to €30,102
of which Taxes: -€13,574
- Gross operating margin -€60,902
down €60,902 (-39.6%), from €153,957 to €93,055
- Taxes -€41,103
down €41,103 (-97.4%), from €42,189 to €1,086
- Financial charges -€13,041
down €13,041 (-95.4%), from €13,675 to €634
of which Non-recurring financial charges: -€10,812
- Staff costs +€8,304
up €8,304 (+11.1%), from €74,793 to €83,097
- Other operating charges +€2,841
up €2,841 (+1,385%), from €205 to €3,046
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 | €368,956 | €515,918 | +€146,962 | +39.8% |
| Fixed assets | 21/28 | €18,323 | €14,811 | -€3,512 | -19.2% |
| Tangible fixed assets | 22/27 | €18,323 | €14,811 | -€3,512 | -19.2% |
| Land and buildings | 22 | €1,523 | €1,363 | -€160 | -10.5% |
| Plant, machinery and equipment | 23 | €7,769 | €6,675 | -€1,094 | -14.1% |
| Furniture and vehicles | 24 | €9,032 | €6,774 | -€2,258 | -25.0% |
| Current assets | 29/58 | €350,633 | €501,107 | +€150,474 | +42.9% |
| Amounts receivable within one year | 40/41 | €83,098 | €246,553 | +€163,455 | +197% |
| Trade receivables | 40 | €83,098 | €245,937 | +€162,839 | +196% |
| Other amounts receivable | 41 | - | €616 | +€616 | |
| Cash at bank and in hand | 54/58 | €256,314 | €240,103 | -€16,211 | -6.3% |
| Deferred charges and accrued income | 490/1 | €11,221 | €14,451 | +€3,230 | +28.8% |
| Total equity and liabilities | 10/49 | €368,956 | €515,918 | +€146,962 | +39.8% |
| Equity | 10/15 | €101,969 | €104,560 | +€2,590 | +2.5% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,969 | €84,560 | +€2,590 | +3.2% |
| Amounts payable | 17/49 | €266,987 | €411,358 | +€144,372 | +54.1% |
| Amounts payable within one year | 42/48 | €266,987 | €411,358 | +€144,372 | +54.1% |
| Trade debts | 44 | €215,589 | €377,242 | +€161,653 | +75.0% |
| Suppliers | 440/4 | €215,589 | €377,242 | +€161,653 | +75.0% |
| Advances received on contracts in progress | 46 | €8,578 | €4,014 | -€4,564 | -53.2% |
| Taxes, remuneration and social security | 45 | €42,668 | €30,102 | -€12,566 | -29.4% |
| Taxes | 450/3 | €33,370 | €19,796 | -€13,574 | -40.7% |
| Remuneration and social security | 454/9 | €9,298 | €10,307 | +€1,009 | +10.8% |
| Remuneration, social security and pensions | 62 | €74,793 | €83,097 | +€8,304 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,378 | €3,512 | +€134 | +4.0% |
| Other operating charges | 640/8 | €205 | €3,046 | +€2,841 | +1,385% |
| Gross operating margin | 9900 | €153,957 | €93,055 | -€60,902 | -39.6% |
| Operating profit (loss) | 9901 | €75,581 | €3,400 | -€72,181 | -95.5% |
| Financial income | 75/76B | €2,794 | €911 | -€1,883 | -67.4% |
| Recurring financial income | 75 | €1,739 | €152 | -€1,587 | -91.2% |
| Non-recurring financial income | 76B | €1,055 | €758 | -€296 | -28.1% |
| Financial charges | 65/66B | €13,675 | €634 | -€13,041 | -95.4% |
| Recurring financial charges | 65 | €2,863 | €634 | -€2,229 | -77.8% |
| Non-recurring financial charges | 66B | €10,812 | - | -€10,812 | |
| Profit (loss) for the period before taxes | 9903 | €64,699 | €3,676 | -€61,023 | -94.3% |
| Income taxes | 67/77 | €42,189 | €1,086 | -€41,103 | -97.4% |
| Profit (loss) for the period | 9904 | €22,510 | €2,590 | -€19,920 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,510 | €2,590 | -€19,920 | -88.5% |
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 15 October 2026 via checked.be.