HOPE S-TATE: what changed
What changed
HOPE S-TATE
NACE 73.200, Market research and public opinion polling
filed annual accounts (NBB)
Net result for the year
-€9,024
2024 · €121,776-€130,799
Equity
€2.1m
2024 · €2.1m-€9,024
Cash
€30,080
2024 · €83,016-€52,937
Balance sheet total
€2.6m
2024 · €2.4m+€170,275
Largest movements
Assets
- Stocks and contracts +€489,248
up €489,248 (+411%), from €119,056 to €608,304
- Receivables within one year -€142,884
down €142,884 (-27.4%), from €521,623 to €378,739
of which Other amounts receivable: -€142,854
- Cash -€52,937
down €52,937 (-63.8%), from €83,016 to €30,080
mainly Stocks and contracts (-€489,248) and Current portion of long-term debt (-€48,733)
- Tangible fixed assets -€45,068
down €45,068 (-3.7%), from €1.2m to €1.2m
of which Land and buildings: -€36,442
- Current investments -€40,568
down €40,568 (-9.8%), from €414,500 to €373,932
Equity and liabilities
- Other debts +€266,234
up €266,234 (+2,884%), from €9,233 to €275,467
- Current portion of long-term debt -€48,733
down €48,733 (-68.0%), from €71,650 to €22,917
Income statement
- Financial income -€133,441
down €133,441 (-83.0%), from €160,677 to €27,235
- Taxes +€9,490
up €9,490, from -€7,202 to €2,287
- Gross operating margin +€8,907
up €8,907 (+78.9%), from €11,284 to €20,190
- Financial charges -€4,894
down €4,894 (-55.3%), from €8,857 to €3,962
- Other operating charges +€1,669
up €1,669 (+29.3%), from €5,690 to €7,359
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€121,776
Gross operating margin
+€8,907
Other operating charges
-€1,669
Financial income
-€133,441
Financial charges
+€4,894
Taxes
-€9,490
Result 2025
-€9,024
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€21,855
Investment
+€40,568
Financing
-€71,650
Cash 2024
€83,016
From operations (derived)
-€21,855
Net result for the year
-€9,024
Depreciation
+€45,068
Stocks and contracts
-€489,248
Receivables within one year
+€142,884
Deferred charges and accrued income
+€37,516
Provisions
-€2,228
Trade debts
+€1,279
Tax, wage and social debts
-€12,697
Other debts
+€266,234
Accrued charges and deferred income
-€1,639
Investment (derived)
+€40,568
Current investments
+€40,568
Financing
-€71,650
Debts after one year
-€22,917
Current portion of long-term debt
-€48,733
Cash 2025
€30,080
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,393,418 | €2,563,693 | +€170,275 | +7.1% |
| Fixed assets | 21/28 | €1,214,529 | €1,169,461 | -€45,068 | -3.7% |
| Tangible fixed assets | 22/27 | €1,214,529 | €1,169,461 | -€45,068 | -3.7% |
| Land and buildings | 22 | €1,180,867 | €1,144,425 | -€36,442 | -3.1% |
| Furniture and vehicles | 24 | €33,662 | €25,036 | -€8,626 | -25.6% |
| Current assets | 29/58 | €1,178,889 | €1,394,232 | +€215,343 | +18.3% |
| Stocks and contracts in progress | 3 | €119,056 | €608,304 | +€489,248 | +411% |
| Stocks | 30/36 | €119,056 | €608,304 | +€489,248 | +411% |
| Amounts receivable within one year | 40/41 | €521,623 | €378,739 | -€142,884 | -27.4% |
| Trade receivables | 40 | €186 | €156 | -€30 | -16.1% |
| Other amounts receivable | 41 | €521,437 | €378,583 | -€142,854 | -27.4% |
| Current investments | 50/53 | €414,500 | €373,932 | -€40,568 | -9.8% |
| Cash at bank and in hand | 54/58 | €83,016 | €30,080 | -€52,937 | -63.8% |
| Deferred charges and accrued income | 490/1 | €40,694 | €3,178 | -€37,516 | -92.2% |
| Total equity and liabilities | 10/49 | €2,393,418 | €2,563,693 | +€170,275 | +7.1% |
| Equity | 10/15 | €2,125,789 | €2,116,765 | -€9,024 | -0.4% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €736,389 | €731,190 | -€5,198 | -0.7% |
| Non-distributable reserves | 130/1 | €625,075 | €625,075 | = | 0.0% |
| Legal reserve | 130 | €72,623 | €72,623 | = | 0.0% |
| Other | 1319 | €552,452 | €552,452 | = | 0.0% |
| Tax-exempt reserves | 132 | €107,735 | €102,537 | -€5,198 | -4.8% |
| Distributable reserves | 133 | €3,578 | €3,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,017,560 | €1,013,734 | -€3,825 | -0.4% |
| Provisions and deferred taxes | 16 | €74,136 | €71,909 | -€2,228 | -3.0% |
| Provisions for liabilities and charges | 160/5 | €39,710 | €39,710 | = | 0.0% |
| Taxes | 161 | €39,710 | €39,710 | = | 0.0% |
| Deferred taxes | 168 | €34,426 | €32,199 | -€2,228 | -6.5% |
| Amounts payable | 17/49 | €193,493 | €375,019 | +€181,527 | +93.8% |
| Amounts payable after more than one year | 17 | €91,667 | €68,750 | -€22,917 | -25.0% |
| Financial debts | 170/4 | €91,667 | €68,750 | -€22,917 | -25.0% |
| Amounts payable within one year | 42/48 | €97,437 | €303,519 | +€206,082 | +212% |
| Current portion of amounts payable after more than one year | 42 | €71,650 | €22,917 | -€48,733 | -68.0% |
| Trade debts | 44 | €3,856 | €5,135 | +€1,279 | +33.2% |
| Suppliers | 440/4 | €3,856 | €5,135 | +€1,279 | +33.2% |
| Taxes, remuneration and social security | 45 | €12,697 | - | -€12,697 | |
| Taxes | 450/3 | €12,697 | - | -€12,697 | |
| Other amounts payable | 47/48 | €9,233 | €275,467 | +€266,234 | +2,884% |
| Accrued charges and deferred income | 492/3 | €4,389 | €2,750 | -€1,639 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,068 | €45,068 | = | 0.0% |
| Other operating charges | 640/8 | €5,690 | €7,359 | +€1,669 | +29.3% |
| Gross operating margin | 9900 | €11,284 | €20,190 | +€8,907 | +78.9% |
| Operating profit (loss) | 9901 | -€39,474 | -€32,237 | +€7,237 | +18.3% |
| Financial income | 75/76B | €160,677 | €27,235 | -€133,441 | -83.0% |
| Recurring financial income | 75 | €160,677 | €27,235 | -€133,441 | -83.0% |
| Financial charges | 65/66B | €8,857 | €3,962 | -€4,894 | -55.3% |
| Recurring financial charges | 65 | €8,857 | €3,962 | -€4,894 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €112,346 | -€8,964 | -€121,310 | |
| Transfer from deferred taxes | 780 | €2,228 | €2,228 | = | 0.0% |
| Income taxes | 67/77 | -€7,202 | €2,287 | +€9,490 | |
| Profit (loss) for the period | 9904 | €121,776 | -€9,024 | -€130,799 | |
| Transfer from tax-exempt reserves | 789 | €5,198 | €5,198 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €126,974 | -€3,825 | -€130,799 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.