HOPE MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€61,667
up €61,667 (+32.9%), from €187,511 to €249,178
of which Other amounts receivable: +€73,832
- Financial fixed assets -€40,000
down €40,000 (-2.5%), from €1.6m to €1.6m
- Receivables after one year -€40,000
down €40,000 (-100%), from €40,000 to €0
- Other debts +€161,000
up €161,000, from €0 to €161,000
- Profit (loss) carried forward -€134,793
down €134,793 (-26.0%), from €518,303 to €383,510
- Debts after one year -€79,584
down €79,584 (-23.5%), from €339,372 to €259,787
- Tax, wage and social debts +€42,727
up €42,727 (+34.7%), from €122,975 to €165,703
- Financial income -€221,000
down €221,000 (-100%), from €221,000 to €0
of which Financial income: -€221,000
- Gross operating margin -€31,626
down €31,626 (-17.1%), from €185,352 to €153,726
- Depreciation -€24,990
down €24,990 (-80.7%), from €30,979 to €5,989
- Taxes -€4,310
down €4,310 (-11.4%), from €37,918 to €33,607
- Other operating charges -€3,749
down €3,749 (-65.0%), from €5,763 to €2,014
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 | €2,076,341 | €2,051,560 | -€24,780 | -1.2% |
| Fixed assets | 21/28 | €1,793,511 | €1,747,522 | -€45,989 | -2.6% |
| Tangible fixed assets | 22/27 | €178,511 | €172,522 | -€5,989 | -3.4% |
| Land and buildings | 22 | €178,511 | €172,522 | -€5,989 | -3.4% |
| Financial fixed assets | 28 | €1,615,000 | €1,575,000 | -€40,000 | -2.5% |
| Current assets | 29/58 | €282,829 | €304,038 | +€21,209 | +7.5% |
| Amounts receivable after more than one year | 29 | €40,000 | €0 | -€40,000 | -100% |
| Other amounts receivable | 291 | €40,000 | €0 | -€40,000 | -100% |
| Amounts receivable within one year | 40/41 | €187,511 | €249,178 | +€61,667 | +32.9% |
| Trade receivables | 40 | €30,315 | €18,150 | -€12,165 | -40.1% |
| Other amounts receivable | 41 | €157,196 | €231,028 | +€73,832 | +47.0% |
| Cash at bank and in hand | 54/58 | €52,709 | €52,357 | -€352 | -0.7% |
| Deferred charges and accrued income | 490/1 | €2,609 | €2,504 | -€106 | -4.1% |
| Total equity and liabilities | 10/49 | €2,076,341 | €2,051,560 | -€24,780 | -1.2% |
| Equity | 10/15 | €1,518,303 | €1,383,510 | -€134,793 | -8.9% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €518,303 | €383,510 | -€134,793 | -26.0% |
| Amounts payable | 17/49 | €558,038 | €668,050 | +€110,012 | +19.7% |
| Amounts payable after more than one year | 17 | €339,372 | €259,787 | -€79,584 | -23.5% |
| Financial debts | 170/4 | €339,372 | €259,787 | -€79,584 | -23.5% |
| Amounts payable within one year | 42/48 | €217,566 | €407,163 | +€189,597 | +87.1% |
| Current portion of amounts payable after more than one year | 42 | €78,464 | €79,584 | +€1,120 | +1.4% |
| Financial debts | 43 | €14,221 | €0 | -€14,221 | -100% |
| Other loans | 439 | €14,221 | €0 | -€14,221 | -100% |
| Trade debts | 44 | €1,905 | €876 | -€1,030 | -54.0% |
| Suppliers | 440/4 | €1,905 | €876 | -€1,030 | -54.0% |
| Taxes, remuneration and social security | 45 | €122,975 | €165,703 | +€42,727 | +34.7% |
| Taxes | 450/3 | €122,975 | €165,703 | +€42,727 | +34.7% |
| Other amounts payable | 47/48 | €0 | €161,000 | +€161,000 | |
| Accrued charges and deferred income | 492/3 | €1,100 | €1,100 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,979 | €5,989 | -€24,990 | -80.7% |
| Other operating charges | 640/8 | €5,763 | €2,014 | -€3,749 | -65.0% |
| Non-recurring operating charges | 66A | - | €6,000 | +€6,000 | |
| Gross operating margin | 9900 | €185,352 | €153,726 | -€31,626 | -17.1% |
| Operating profit (loss) | 9901 | €148,610 | €139,723 | -€8,887 | -6.0% |
| Financial income | 75/76B | €221,000 | €0 | -€221,000 | -100% |
| Recurring financial income | 75 | €221,000 | €0 | -€221,000 | -100% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €13,859 | €10,908 | -€2,950 | -21.3% |
| Recurring financial charges | 65 | €13,859 | €10,908 | -€2,950 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €355,751 | €128,815 | -€226,937 | -63.8% |
| Income taxes | 67/77 | €37,918 | €33,607 | -€4,310 | -11.4% |
| Profit (loss) for the period | 9904 | €317,834 | €95,207 | -€222,626 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €317,834 | €95,207 | -€222,626 | -70.0% |
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 28 October 2026 via checked.be.