Hopewell: what changed
What changed
Hopewell
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€53,690
2024 · €5,553+€48,137
Equity
€618,376
2024 · €572,686+€45,690
Cash
€49,777
2024 · €25,945+€23,832
Balance sheet total
€942,300
2024 · €921,484+€20,815
Largest movements
Assets
- Cash +€23,832
up €23,832 (+91.9%), from €25,945 to €49,777
mainly Net result for the year (+€53,690) and Depreciation (+€15,778)
- Tangible fixed assets -€13,460
down €13,460 (-3.7%), from €365,185 to €351,725
of which Land and buildings: -€18,712
Equity and liabilities
- Reserves +€45,690
up €45,690 (+14.2%), from €322,686 to €368,376
of which Distributable reserves: +€45,690
- Trade debts -€23,768
down €23,768 (-84.8%), from €28,022 to €4,254
Income statement
- Financial income +€52,712
up €52,712 (+317%), from €16,616 to €69,328
- Financial charges +€5,172
up €5,172 (+11,473%), from €45 to €5,217
- Taxes +€4,521
up €4,521 (+708%), from €638 to €5,159
- Depreciation -€3,999
down €3,999 (-20.2%), from €19,777 to €15,778
- Gross operating margin +€773
up €773 (+6.5%), from €11,890 to €12,663
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
€5,553
Gross operating margin
+€773
Depreciation
+€3,999
Other operating charges
+€346
Financial income
+€52,712
Financial charges
-€5,172
Taxes
-€4,521
Result 2025
€53,690
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
+€41,042
Investment
-€9,210
Financing
-€8,000
Cash 2024
€25,945
From operations (derived)
+€41,042
Net result for the year
+€53,690
Depreciation
+€15,778
Receivables within one year
-€5,120
Deferred charges and accrued income
+€1,568
Trade debts
-€23,768
Tax, wage and social debts
+€1,566
Other debts
-€2,520
Accrued charges and deferred income
-€152
Investment (derived)
-€9,210
Investment in fixed assets (net)
-€2,173
Current investments
-€7,037
Financing
-€8,000
Contributions, distributions and other
-€8,000
Cash 2025
€49,777
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €921,484 | €942,300 | +€20,815 | +2.3% |
| Formation expenses | 20 | €874 | €729 | -€146 | -16.7% |
| Fixed assets | 21/28 | €438,178 | €424,718 | -€13,460 | -3.1% |
| Tangible fixed assets | 22/27 | €365,185 | €351,725 | -€13,460 | -3.7% |
| Land and buildings | 22 | €352,699 | €333,987 | -€18,712 | -5.3% |
| Plant, machinery and equipment | 23 | €5,796 | €6,735 | +€939 | +16.2% |
| Furniture and vehicles | 24 | €6,690 | €6,364 | -€326 | -4.9% |
| Other tangible fixed assets | 26 | - | €4,639 | +€4,639 | |
| Financial fixed assets | 28 | €72,993 | €72,993 | = | 0.0% |
| Current assets | 29/58 | €482,432 | €516,853 | +€34,421 | +7.1% |
| Stocks and contracts in progress | 3 | €1,213 | €1,213 | = | 0.0% |
| Stocks | 30/36 | €1,213 | €1,213 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €5,120 | +€5,120 | |
| Trade receivables | 40 | - | €1,169 | +€1,169 | |
| Other amounts receivable | 41 | - | €3,951 | +€3,951 | |
| Current investments | 50/53 | €452,491 | €459,528 | +€7,037 | +1.6% |
| Cash at bank and in hand | 54/58 | €25,945 | €49,777 | +€23,832 | +91.9% |
| Deferred charges and accrued income | 490/1 | €2,783 | €1,214 | -€1,568 | -56.4% |
| Total equity and liabilities | 10/49 | €921,484 | €942,300 | +€20,815 | +2.3% |
| Equity | 10/15 | €572,686 | €618,376 | +€45,690 | +8.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €322,686 | €368,376 | +€45,690 | +14.2% |
| Non-distributable reserves | 130/1 | €38,800 | €38,800 | = | 0.0% |
| Legal reserve | 130 | €38,800 | €38,800 | = | 0.0% |
| Distributable reserves | 133 | €283,886 | €329,576 | +€45,690 | +16.1% |
| Amounts payable | 17/49 | €348,798 | €323,924 | -€24,875 | -7.1% |
| Amounts payable within one year | 42/48 | €343,864 | €319,142 | -€24,722 | -7.2% |
| Trade debts | 44 | €28,022 | €4,254 | -€23,768 | -84.8% |
| Suppliers | 440/4 | €28,022 | €4,254 | -€23,768 | -84.8% |
| Taxes, remuneration and social security | 45 | €2,419 | €3,985 | +€1,566 | +64.8% |
| Taxes | 450/3 | €2,419 | €3,985 | +€1,566 | +64.8% |
| Other amounts payable | 47/48 | €313,423 | €310,903 | -€2,520 | -0.8% |
| Accrued charges and deferred income | 492/3 | €4,934 | €4,782 | -€152 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,777 | €15,778 | -€3,999 | -20.2% |
| Other operating charges | 640/8 | €2,493 | €2,146 | -€346 | -13.9% |
| Gross operating margin | 9900 | €11,890 | €12,663 | +€773 | +6.5% |
| Operating profit (loss) | 9901 | -€10,380 | -€5,261 | +€5,118 | +49.3% |
| Financial income | 75/76B | €16,616 | €69,328 | +€52,712 | +317% |
| Recurring financial income | 75 | €16,616 | €69,328 | +€52,712 | +317% |
| Financial charges | 65/66B | €45 | €5,217 | +€5,172 | +11,473% |
| Recurring financial charges | 65 | €45 | €5,217 | +€5,172 | +11,473% |
| Profit (loss) for the period before taxes | 9903 | €6,191 | €58,849 | +€52,658 | +850% |
| Income taxes | 67/77 | €638 | €5,159 | +€4,521 | +708% |
| Profit (loss) for the period | 9904 | €5,553 | €53,690 | +€48,137 | +867% |
| Profit (loss) for the period to be appropriated | 9905 | €5,553 | €53,690 | +€48,137 | +867% |
Next steps
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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 8 November 2026 via checked.be.