HOPEKON: what changed
HOPEKON
Largest movements
- Cash +€63,390
up €63,390 (+171%), from €37,177 to €100,567
mainly Receivables within one year (+€30,073) and Net result for the year (+€17,175)
- Receivables within one year -€30,073
down €30,073 (-68.2%), from €44,088 to €14,015
- Tangible fixed assets -€7,641
down €7,641 (-55.9%), from €13,678 to €6,037
- Reserves +€17,175
up €17,175 (+33.7%), from €51,005 to €68,180
- Tax, wage and social debts +€13,116
up €13,116 (+76.9%), from €17,067 to €30,183
of which Taxes: +€10,276
- Other debts -€4,515
down €4,515 (-19.0%), from €23,782 to €19,266
- Gross operating margin -€4,048
down €4,048 (-10.5%), from €38,709 to €34,662
- Taxes -€3,408
down €3,408 (-29.2%), from €11,677 to €8,269
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,784 | €121,489 | +€25,705 | +26.8% |
| Fixed assets | 21/28 | €13,678 | €6,037 | -€7,641 | -55.9% |
| Tangible fixed assets | 22/27 | €13,678 | €6,037 | -€7,641 | -55.9% |
| Furniture and vehicles | 24 | €13,678 | €6,037 | -€7,641 | -55.9% |
| Current assets | 29/58 | €82,106 | €115,452 | +€33,347 | +40.6% |
| Amounts receivable within one year | 40/41 | €44,088 | €14,015 | -€30,073 | -68.2% |
| Trade receivables | 40 | €44,088 | €14,015 | -€30,073 | -68.2% |
| Cash at bank and in hand | 54/58 | €37,177 | €100,567 | +€63,390 | +171% |
| Deferred charges and accrued income | 490/1 | €840 | €870 | +€30 | +3.6% |
| Total equity and liabilities | 10/49 | €95,784 | €121,489 | +€25,705 | +26.8% |
| Equity | 10/15 | €53,505 | €70,680 | +€17,175 | +32.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €51,005 | €68,180 | +€17,175 | +33.7% |
| Distributable reserves | 133 | €51,005 | €68,180 | +€17,175 | +33.7% |
| Amounts payable | 17/49 | €42,279 | €50,809 | +€8,530 | +20.2% |
| Amounts payable within one year | 42/48 | €42,279 | €50,809 | +€8,530 | +20.2% |
| Trade debts | 44 | €1,430 | €1,359 | -€71 | -5.0% |
| Suppliers | 440/4 | €1,430 | €1,359 | -€71 | -5.0% |
| Taxes, remuneration and social security | 45 | €17,067 | €30,183 | +€13,116 | +76.9% |
| Taxes | 450/3 | €17,067 | €27,343 | +€10,276 | +60.2% |
| Remuneration and social security | 454/9 | - | €2,840 | +€2,840 | |
| Other amounts payable | 47/48 | €23,782 | €19,266 | -€4,515 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,306 | €7,641 | +€336 | +4.6% |
| Other operating charges | 640/8 | €1,559 | €1,322 | -€237 | -15.2% |
| Gross operating margin | 9900 | €38,709 | €34,662 | -€4,048 | -10.5% |
| Operating profit (loss) | 9901 | €29,845 | €25,699 | -€4,146 | -13.9% |
| Financial charges | 65/66B | €74 | €254 | +€181 | +246% |
| Recurring financial charges | 65 | €74 | €254 | +€181 | +246% |
| Profit (loss) for the period before taxes | 9903 | €29,771 | €25,444 | -€4,327 | -14.5% |
| Income taxes | 67/77 | €11,677 | €8,269 | -€3,408 | -29.2% |
| Profit (loss) for the period | 9904 | €18,094 | €17,175 | -€919 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,094 | €17,175 | -€919 | -5.1% |
Next steps
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.