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 +€128,821
up €128,821 (+150.1%), from €85,828 to €214,650
of which Other tangible fixed assets: +€151,298
- Receivables within one year +€16,330
up €16,330 (+1749.3%), from €934 to €17,264
of which Other amounts receivable: +€14,860
- Intangible fixed assets -€4,500
down €4,500 (-10.3%), from €43,562 to €39,062
- Stocks and contracts +€4,305
up €4,305 (+26.3%), from €16,350 to €20,655
- Other debts +€98,059
up €98,059 (+169.5%), from €57,863 to €155,923
- Trade debts +€51,995
up €51,995 (+389.0%), from €13,365 to €65,360
- Profit (loss) carried forward -€14,340
new in 2025: -€14,340
- Tax, wage and social debts +€5,307
up €5,307 (+67.9%), from €7,820 to €13,127
of which Remuneration and social security: +€5,622
- Current portion of long-term debt +€4,371
up €4,371 (+39.5%), from €11,060 to €15,431
- Gross operating margin +€33,080
up €33,080 (+80.1%), from €41,284 to €74,364
- Staff costs +€26,764
up €26,764 (+352.3%), from €7,597 to €34,361
- Depreciation +€7,476
up €7,476 (+58.7%), from €12,740 to €20,216
- Financial charges +€1,844
up €1,844 (+31.1%), from €5,928 to €7,772
- Taxes -€1,288
down €1,288 (-89.7%), from €1,436 to €148
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 | €160,398 | €309,763 | +€149,365 | +93.1% |
| Fixed assets | 21/28 | €129,390 | €253,811 | +€124,421 | +96.2% |
| Intangible fixed assets | 21 | €43,562 | €39,062 | -€4,500 | -10.3% |
| Tangible fixed assets | 22/27 | €85,828 | €214,650 | +€128,821 | +150.1% |
| Plant, machinery and equipment | 23 | €16,381 | €13,467 | -€2,915 | -17.8% |
| Furniture and vehicles | 24 | €55,538 | €21,721 | -€33,817 | -60.9% |
| Leasing and similar rights | 25 | €13,910 | €28,164 | +€14,255 | +102.5% |
| Other tangible fixed assets | 26 | - | €151,298 | +€151,298 | |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €31,008 | €55,952 | +€24,944 | +80.4% |
| Stocks and contracts in progress | 3 | €16,350 | €20,655 | +€4,305 | +26.3% |
| Stocks | 30/36 | €16,350 | €20,655 | +€4,305 | +26.3% |
| Amounts receivable within one year | 40/41 | €934 | €17,264 | +€16,330 | +1749.3% |
| Trade receivables | 40 | €460 | €1,931 | +€1,471 | +319.7% |
| Other amounts receivable | 41 | €473 | €15,333 | +€14,860 | +3138.3% |
| Cash at bank and in hand | 54/58 | €13,725 | €15,892 | +€2,167 | +15.8% |
| Deferred charges and accrued income | 490/1 | €0 | €2,141 | +€2,141 | |
| Total equity and liabilities | 10/49 | €160,398 | €309,763 | +€149,365 | +93.1% |
| Equity | 10/15 | €6,739 | -€8,340 | -€15,078 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €739 | €0 | -€739 | -100.0% |
| Distributable reserves | 133 | €739 | €0 | -€739 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€14,340 | -€14,340 | |
| Amounts payable | 17/49 | €153,659 | €318,103 | +€164,444 | +107.0% |
| Amounts payable after more than one year | 17 | €63,551 | €65,822 | +€2,272 | +3.6% |
| Financial debts | 170/4 | €63,551 | €65,822 | +€2,272 | +3.6% |
| Amounts payable within one year | 42/48 | €90,109 | €249,840 | +€159,732 | +177.3% |
| Current portion of amounts payable after more than one year | 42 | €11,060 | €15,431 | +€4,371 | +39.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €13,365 | €65,360 | +€51,995 | +389.0% |
| Suppliers | 440/4 | €13,365 | €65,360 | +€51,995 | +389.0% |
| Taxes, remuneration and social security | 45 | €7,820 | €13,127 | +€5,307 | +67.9% |
| Taxes | 450/3 | €2,192 | €1,877 | -€316 | -14.4% |
| Remuneration and social security | 454/9 | €5,628 | €11,250 | +€5,622 | +99.9% |
| Other amounts payable | 47/48 | €57,863 | €155,923 | +€98,059 | +169.5% |
| Accrued charges and deferred income | 492/3 | - | €2,440 | +€2,440 | |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €7,597 | €34,361 | +€26,764 | +352.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,740 | €20,216 | +€7,476 | +58.7% |
| Other operating charges | 640/8 | €1,600 | €1,401 | -€199 | -12.4% |
| Non-recurring operating charges | 66A | €16,408 | €25,545 | +€9,137 | +55.7% |
| Gross operating margin | 9900 | €41,284 | €74,364 | +€33,080 | +80.1% |
| Operating profit (loss) | 9901 | €2,938 | -€7,159 | -€10,097 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +1900.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1900.0% |
| Financial charges | 65/66B | €5,928 | €7,772 | +€1,844 | +31.1% |
| Recurring financial charges | 65 | €5,928 | €7,772 | +€1,844 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,990 | -€14,931 | -€11,941 | -399.3% |
| Income taxes | 67/77 | €1,436 | €148 | -€1,288 | -89.7% |
| Profit (loss) for the period | 9904 | -€4,426 | -€15,078 | -€10,653 | -240.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,426 | -€15,078 | -€10,653 | -240.7% |
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 1 October 2026 via checked.be.