HOPE 21: 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 21
Largest movements
- Stocks and contracts +€1.1m
up €1.1m (+386.7%), from €275,485 to €1.3m
- Receivables within one year +€152,703
up €152,703 (+31.5%), from €485,517 to €638,220
of which Other amounts receivable: +€277,430
- Tangible fixed assets -€38,432
down €38,432 (-6.4%), from €598,508 to €560,076
of which Land and buildings: -€31,383
- Cash +€34,300
up €34,300 (+442.2%), from €7,756 to €42,057
mainly Debts after one year (+€1.2m) and Other debts (+€153,900)
- Debts after one year +€1.2m
up €1.2m (+15493.9%), from €7,949 to €1.2m
- Other debts +€153,900
up €153,900 (+82.2%), from €187,282 to €341,182
- Profit (loss) carried forward -€111,683
down €111,683 (-3172.2%), from -€3,521 to -€115,204
- Tax, wage and social debts -€46,971
down €46,971 (-95.3%), from €49,281 to €2,310
- Financial charges -€56,257
down €56,257 (-74.7%), from €75,332 to €19,075
- Gross operating margin +€13,452
up €13,452 (+20.5%), from -€65,474 to -€52,022
- Other operating charges -€6,521
down €6,521 (-59.9%), from €10,892 to €4,371
- Financial income +€1,311
up €1,311 (+144.7%), from €906 to €2,216
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 | €1,494,675 | €2,705,732 | +€1.2m | +81.0% |
| Fixed assets | 21/28 | €683,508 | €645,076 | -€38,432 | -5.6% |
| Tangible fixed assets | 22/27 | €598,508 | €560,076 | -€38,432 | -6.4% |
| Land and buildings | 22 | €585,025 | €553,642 | -€31,383 | -5.4% |
| Furniture and vehicles | 24 | €13,483 | €6,434 | -€7,049 | -52.3% |
| Financial fixed assets | 28 | €85,000 | €85,000 | = | 0.0% |
| Current assets | 29/58 | €811,167 | €2,060,656 | +€1.2m | +154.0% |
| Stocks and contracts in progress | 3 | €275,485 | €1,340,706 | +€1.1m | +386.7% |
| Stocks | 30/36 | €275,485 | €1,340,706 | +€1.1m | +386.7% |
| Amounts receivable within one year | 40/41 | €485,517 | €638,220 | +€152,703 | +31.5% |
| Trade receivables | 40 | €174,008 | €49,281 | -€124,727 | -71.7% |
| Other amounts receivable | 41 | €311,509 | €588,939 | +€277,430 | +89.1% |
| Current investments | 50/53 | €42,409 | €39,673 | -€2,736 | -6.5% |
| Cash at bank and in hand | 54/58 | €7,756 | €42,057 | +€34,300 | +442.2% |
| Total equity and liabilities | 10/49 | €1,494,675 | €2,705,732 | +€1.2m | +81.0% |
| Equity | 10/15 | €1,183,238 | €1,071,554 | -€111,683 | -9.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €325 | €325 | = | 0.0% |
| Reserves | 13 | €1,124,434 | €1,124,434 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,118,234 | €1,118,234 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,521 | -€115,204 | -€111,683 | -3172.2% |
| Amounts payable | 17/49 | €311,438 | €1,634,178 | +€1.3m | +424.7% |
| Amounts payable after more than one year | 17 | €7,949 | €1,239,582 | +€1.2m | +15493.9% |
| Financial debts | 170/4 | €7,949 | €1,239,582 | +€1.2m | +15493.9% |
| Amounts payable within one year | 42/48 | €301,102 | €384,005 | +€82,903 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €40,281 | €13,502 | -€26,778 | -66.5% |
| Financial debts | 43 | €12,461 | - | -€12,461 | |
| Credit institutions | 430/8 | €12,461 | - | -€12,461 | |
| Trade debts | 44 | - | €15,213 | +€15,213 | |
| Suppliers | 440/4 | - | €15,213 | +€15,213 | |
| Advances received on contracts in progress | 46 | €11,798 | €11,798 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €49,281 | €2,310 | -€46,971 | -95.3% |
| Taxes | 450/3 | €49,281 | €2,310 | -€46,971 | -95.3% |
| Other amounts payable | 47/48 | €187,282 | €341,182 | +€153,900 | +82.2% |
| Accrued charges and deferred income | 492/3 | €2,387 | €10,590 | +€8,204 | +343.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,000 | €38,432 | -€568 | -1.5% |
| Other operating charges | 640/8 | €10,892 | €4,371 | -€6,521 | -59.9% |
| Gross operating margin | 9900 | -€65,474 | -€52,022 | +€13,452 | +20.5% |
| Operating profit (loss) | 9901 | -€115,367 | -€94,825 | +€20,542 | +17.8% |
| Financial income | 75/76B | €906 | €2,216 | +€1,311 | +144.7% |
| Recurring financial income | 75 | €906 | €2,216 | +€1,311 | +144.7% |
| Financial charges | 65/66B | €75,332 | €19,075 | -€56,257 | -74.7% |
| Recurring financial charges | 65 | €75,332 | €19,075 | -€56,257 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | -€189,793 | -€111,683 | +€78,110 | +41.2% |
| Transfer from deferred taxes | 780 | €63,333 | - | -€63,333 | |
| Profit (loss) for the period | 9904 | -€126,460 | -€111,683 | +€14,777 | +11.7% |
| Transfer from tax-exempt reserves | 789 | €122,940 | - | -€122,940 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,521 | -€111,683 | -€108,163 | -3072.2% |
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 9 October 2026 via checked.be.