HOPEDALE: 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.
HOPEDALE
Largest movements
- Cash -€205,021
down €205,021 (-44.0%), from €465,666 to €260,645
mainly Contributions, distributions and other (-€1.7m) and Other debts (-€339,542)
- Tangible fixed assets -€33,114
down €33,114 (-6.3%), from €522,954 to €489,840
- Receivables within one year -€20,964
down €20,964 (-95.0%), from €22,060 to €1,096
of which Trade receivables: -€21,249
- Other debts -€339,542
no longer reported in 2025 (was €339,542)
- Profit (loss) carried forward +€73,791
up €73,791 (+1,572%), from €4,693 to €78,484
- Debts after one year -€18,965
down €18,965 (-6.3%), from €299,910 to €280,945
- Tax, wage and social debts +€14,757
up €14,757 (+13.8%), from €106,770 to €121,527
of which Taxes: +€13,057
- Trade debts +€10,573
up €10,573 (+376%), from €2,809 to €13,382
- Gross operating margin +€771,673
up €771,673 (+47.4%), from €1.6m to €2.4m
- Taxes +€193,632
up €193,632 (+49.2%), from €393,189 to €586,821
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 | €1,014,072 | €754,930 | -€259,142 | -25.6% |
| Fixed assets | 21/28 | €522,954 | €489,840 | -€33,114 | -6.3% |
| Tangible fixed assets | 22/27 | €522,954 | €489,840 | -€33,114 | -6.3% |
| Land and buildings | 22 | €358,846 | €349,756 | -€9,090 | -2.5% |
| Plant, machinery and equipment | 23 | €127,078 | €118,862 | -€8,216 | -6.5% |
| Furniture and vehicles | 24 | €37,030 | €21,222 | -€15,808 | -42.7% |
| Current assets | 29/58 | €491,118 | €265,090 | -€226,028 | -46.0% |
| Amounts receivable within one year | 40/41 | €22,060 | €1,096 | -€20,964 | -95.0% |
| Trade receivables | 40 | €21,249 | - | -€21,249 | |
| Other amounts receivable | 41 | €811 | €1,096 | +€285 | +35.2% |
| Cash at bank and in hand | 54/58 | €465,666 | €260,645 | -€205,021 | -44.0% |
| Deferred charges and accrued income | 490/1 | €3,392 | €3,349 | -€43 | -1.3% |
| Total equity and liabilities | 10/49 | €1,014,072 | €754,930 | -€259,142 | -25.6% |
| Equity | 10/15 | €246,319 | €320,111 | +€73,792 | +30.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €223,026 | €223,026 | +€0 | 0.0% |
| Distributable reserves | 133 | €223,026 | €223,026 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €4,693 | €78,484 | +€73,791 | +1,572% |
| Amounts payable | 17/49 | €767,753 | €434,819 | -€332,934 | -43.4% |
| Amounts payable after more than one year | 17 | €299,910 | €280,945 | -€18,965 | -6.3% |
| Financial debts | 170/4 | €299,910 | €280,945 | -€18,965 | -6.3% |
| Amounts payable within one year | 42/48 | €467,843 | €153,875 | -€313,968 | -67.1% |
| Current portion of amounts payable after more than one year | 42 | €18,722 | €18,966 | +€244 | +1.3% |
| Trade debts | 44 | €2,809 | €13,382 | +€10,573 | +376% |
| Suppliers | 440/4 | €2,809 | €13,382 | +€10,573 | +376% |
| Taxes, remuneration and social security | 45 | €106,770 | €121,527 | +€14,757 | +13.8% |
| Taxes | 450/3 | €106,770 | €119,827 | +€13,057 | +12.2% |
| Remuneration and social security | 454/9 | - | €1,700 | +€1,700 | |
| Other amounts payable | 47/48 | €339,542 | - | -€339,542 | |
| Non-recurring operating income | 76A | - | €5,575 | +€5,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,896 | €35,399 | +€2,503 | +7.6% |
| Other operating charges | 640/8 | €2,471 | €11,243 | +€8,772 | +355% |
| Gross operating margin | 9900 | €1,626,722 | €2,398,395 | +€771,673 | +47.4% |
| Operating profit (loss) | 9901 | €1,591,355 | €2,351,754 | +€760,399 | +47.8% |
| Financial income | 75/76B | €8 | €4,991 | +€4,983 | +62,290% |
| Recurring financial income | 75 | €8 | €4,991 | +€4,983 | +62,290% |
| Financial charges | 65/66B | €4,875 | €6,133 | +€1,258 | +25.8% |
| Recurring financial charges | 65 | €4,875 | €6,133 | +€1,258 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €1,586,488 | €2,350,612 | +€764,124 | +48.2% |
| Income taxes | 67/77 | €393,189 | €586,821 | +€193,632 | +49.2% |
| Profit (loss) for the period | 9904 | €1,193,299 | €1,763,790 | +€570,491 | +47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,193,299 | €1,763,790 | +€570,491 | +47.8% |
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 21 October 2026 via checked.be.