HOPPER: 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.
HOPPER
Largest movements
- Stocks and contracts -€443,057
down €443,057 (-40.3%), from €1.1m to €656,459
- Receivables within one year -€258,417
down €258,417 (-39.1%), from €660,499 to €402,082
of which Trade receivables: -€196,361
- Cash +€134,206
up €134,206 (+42.0%), from €319,345 to €453,551
mainly Stocks and contracts (+€443,057) and Net result for the year (+€274,279)
- Tangible fixed assets +€52,895
up €52,895 (+1214.5%), from €4,355 to €57,251
- Trade debts -€369,792
down €369,792 (-59.8%), from €618,879 to €249,086
- Other debts -€140,000
down €140,000 (-18.4%), from €760,000 to €620,000
- Gross operating margin +€143,130
up €143,130 (+24.1%), from €593,011 to €736,141
- Taxes +€33,675
up €33,675 (+54.4%), from €61,898 to €95,573
- Financial income +€8,840
up €8,840 (+48.2%), from €18,337 to €27,177
- Depreciation +€7,746
up €7,746 (+269.4%), from €2,875 to €10,621
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.
Cash bridge derived
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 | €2,198,056 | €1,681,794 | -€516,262 | -23.5% |
| Fixed assets | 21/28 | €110,200 | €163,096 | +€52,895 | +48.0% |
| Tangible fixed assets | 22/27 | €4,355 | €57,251 | +€52,895 | +1214.5% |
| Furniture and vehicles | 24 | €4,355 | €57,251 | +€52,895 | +1214.5% |
| Financial fixed assets | 28 | €105,845 | €105,845 | = | 0.0% |
| Current assets | 29/58 | €2,087,856 | €1,518,698 | -€569,158 | -27.3% |
| Stocks and contracts in progress | 3 | €1,099,516 | €656,459 | -€443,057 | -40.3% |
| Stocks | 30/36 | €1,099,516 | €656,459 | -€443,057 | -40.3% |
| Amounts receivable within one year | 40/41 | €660,499 | €402,082 | -€258,417 | -39.1% |
| Trade receivables | 40 | €526,866 | €330,505 | -€196,361 | -37.3% |
| Other amounts receivable | 41 | €133,634 | €71,577 | -€62,056 | -46.4% |
| Cash at bank and in hand | 54/58 | €319,345 | €453,551 | +€134,206 | +42.0% |
| Deferred charges and accrued income | 490/1 | €8,496 | €6,607 | -€1,890 | -22.2% |
| Total equity and liabilities | 10/49 | €2,198,056 | €1,681,794 | -€516,262 | -23.5% |
| Equity | 10/15 | €771,978 | €776,257 | +€4,279 | +0.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €709,978 | €714,257 | +€4,279 | +0.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €703,778 | €708,057 | +€4,279 | +0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,426,078 | €905,536 | -€520,542 | -36.5% |
| Amounts payable within one year | 42/48 | €1,426,078 | €905,536 | -€520,542 | -36.5% |
| Trade debts | 44 | €618,879 | €249,086 | -€369,792 | -59.8% |
| Suppliers | 440/4 | €618,879 | €249,086 | -€369,792 | -59.8% |
| Taxes, remuneration and social security | 45 | €47,200 | €36,450 | -€10,750 | -22.8% |
| Taxes | 450/3 | €0 | €10,573 | +€10,573 | |
| Remuneration and social security | 454/9 | €47,200 | €25,877 | -€21,323 | -45.2% |
| Other amounts payable | 47/48 | €760,000 | €620,000 | -€140,000 | -18.4% |
| Non-recurring operating income | 76A | - | €4,497 | +€4,497 | |
| Remuneration, social security and pensions | 62 | €325,424 | €320,855 | -€4,569 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,875 | €10,621 | +€7,746 | +269.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,872 | +€4,872 | |
| Other operating charges | 640/8 | €2,620 | €3,186 | +€566 | +21.6% |
| Gross operating margin | 9900 | €593,011 | €736,141 | +€143,130 | +24.1% |
| Operating profit (loss) | 9901 | €262,093 | €396,608 | +€134,516 | +51.3% |
| Financial income | 75/76B | €18,337 | €27,177 | +€8,840 | +48.2% |
| Recurring financial income | 75 | €18,337 | €27,177 | +€8,840 | +48.2% |
| Financial charges | 65/66B | €47,905 | €53,933 | +€6,028 | +12.6% |
| Recurring financial charges | 65 | €47,905 | €53,933 | +€6,028 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €232,524 | €369,852 | +€137,328 | +59.1% |
| Income taxes | 67/77 | €61,898 | €95,573 | +€33,675 | +54.4% |
| Profit (loss) for the period | 9904 | €170,626 | €274,279 | +€103,653 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €170,626 | €274,279 | +€103,653 | +60.7% |
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 10 October 2026 via checked.be.