HOPROM: 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.
What changed
HOPROM
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.6m
2024 · €6.6m-€2.0m
Equity
€27.5m
2024 · €22.9m+€4.6m
Cash
€1.8m
2024 · €412,037+€1.3m
Balance sheet total
€33.0m
2024 · €31.0m+€1.9m
Largest movements
Assets
- Financial fixed assets +€2.5m
up €2.5m (+21.5%), from €11.7m to €14.2m
of which Affiliated companies: +€2.0m
- Receivables within one year -€2.0m
down €2.0m (-12.2%), from €16.4m to €14.4m
- Cash +€1.3m
up €1.3m (+326%), from €412,037 to €1.8m
mainly Net result for the year (+€4.6m) and Receivables within one year (+€2.0m)
Equity and liabilities
- Profit (loss) carried forward +€4.4m
up €4.4m (+34.6%), from €12.8m to €17.2m
- Short-term financial debts -€1.4m
down €1.4m (-56.0%), from €2.5m to €1.1m
- Other debts -€1.0m
down €1.0m (-19.8%), from €5.2m to €4.2m
Income statement
- Financial income -€2.1m
down €2.1m (-29.4%), from €7.2m to €5.1m
of which Financial income: -€2.2m
- Write-downs +€401,936
up €401,936, from -€401,936 to €0
- Other operating charges -€401,903
down €401,903 (-99.7%), from €403,030 to €1,126
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.
Result 2024
€6.6m
Write-downs
-€401,936
Other operating charges
+€401,903
Other operating items
+€42,315
Financial income
-€2.1m
Financial charges
+€246,109
Taxes
-€189,441
Result 2025
€4.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.2m
Investment
-€2.5m
Financing
-€1.4m
Cash 2024
€412,037
From operations (derived)
+€5.2m
Net result for the year
+€4.6m
Receivables within one year
+€2.0m
Deferred charges and accrued income
-€134,986
Trade debts
-€15,333
Other debts
-€1.0m
Accrued charges and deferred income
-€192,055
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.5m
Current investments
+€47,192
Financing
-€1.4m
Short-term financial debts
-€1.4m
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,044,491 | €32,981,829 | +€1.9m | +6.2% |
| Fixed assets | 21/28 | €11,674,699 | €14,180,342 | +€2.5m | +21.5% |
| Financial fixed assets | 28 | €11,674,699 | €14,180,342 | +€2.5m | +21.5% |
| Affiliated companies | 280/1 | €7,386,568 | €9,338,050 | +€2.0m | +26.4% |
| Participating interests | 280 | €7,386,568 | €7,611,568 | +€225,000 | +3.0% |
| Amounts receivable | 281 | - | €1,726,482 | +€1.7m | |
| Companies linked by participating interests | 282/3 | €3,556,459 | €4,255,700 | +€699,242 | +19.7% |
| Participating interests | 282 | €3,556,459 | €4,255,700 | +€699,242 | +19.7% |
| Amounts receivable | 283 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €731,673 | €586,593 | -€145,080 | -19.8% |
| Shares | 284 | €731,673 | €586,593 | -€145,080 | -19.8% |
| Current assets | 29/58 | €19,369,791 | €18,801,487 | -€568,304 | -2.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €16,401,681 | €14,402,728 | -€2.0m | -12.2% |
| Other amounts receivable | 41 | €16,401,681 | €14,402,728 | -€2.0m | -12.2% |
| Current investments | 50/53 | €2,554,038 | €2,506,846 | -€47,192 | -1.8% |
| Own shares | 50 | €11,000 | €11,000 | = | 0.0% |
| Other investments | 51/53 | €2,543,038 | €2,495,846 | -€47,192 | -1.9% |
| Cash at bank and in hand | 54/58 | €412,037 | €1,754,892 | +€1.3m | +326% |
| Deferred charges and accrued income | 490/1 | €2,035 | €137,020 | +€134,986 | +6,634% |
| Total equity and liabilities | 10/49 | €31,044,491 | €32,981,829 | +€1.9m | +6.2% |
| Equity | 10/15 | €22,887,812 | €27,479,312 | +€4.6m | +20.1% |
| Contributions | 10/11 | €9,330,964 | €9,330,964 | = | 0.0% |
| Capital | 10 | €9,330,964 | €9,330,964 | = | 0.0% |
| Issued capital | 100 | €9,330,964 | €9,330,964 | = | 0.0% |
| Reserves | 13 | €771,367 | €944,464 | +€173,096 | +22.4% |
| Non-distributable reserves | 130/1 | €771,000 | €944,096 | +€173,096 | +22.5% |
| Legal reserve | 130 | €760,000 | €933,096 | +€173,096 | +22.8% |
| Own shares acquired | 1312 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €367 | €367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,785,480 | €17,203,884 | +€4.4m | +34.6% |
| Amounts payable | 17/49 | €8,156,679 | €5,502,518 | -€2.7m | -32.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €7,745,307 | €5,283,201 | -€2.5m | -31.8% |
| Financial debts | 43 | €2,538,726 | €1,117,800 | -€1.4m | -56.0% |
| Credit institutions | 430/8 | €2,538,726 | €1,117,800 | -€1.4m | -56.0% |
| Trade debts | 44 | €15,611 | €278 | -€15,333 | -98.2% |
| Suppliers | 440/4 | €15,611 | €278 | -€15,333 | -98.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,190,970 | €4,165,123 | -€1.0m | -19.8% |
| Accrued charges and deferred income | 492/3 | €411,371 | €219,317 | -€192,055 | -46.7% |
| Operating income | 70/76A | - | €11,144 | +€11,144 | |
| Other operating income | 74 | - | €11,144 | +€11,144 | |
| Operating charges | 60/66A | €47,235 | €16,098 | -€31,138 | -65.9% |
| Services and other goods | 61 | €46,142 | €14,971 | -€31,171 | -67.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€401,936 | €0 | +€401,936 | |
| Other operating charges | 640/8 | €403,030 | €1,126 | -€401,903 | -99.7% |
| Operating profit (loss) | 9901 | -€47,235 | -€4,954 | +€42,282 | +89.5% |
| Financial income | 75/76B | €7,199,004 | €5,084,701 | -€2.1m | -29.4% |
| Recurring financial income | 75 | €7,184,673 | €4,936,474 | -€2.2m | -31.3% |
| Income from financial fixed assets | 750 | €6,627,010 | €4,271,756 | -€2.4m | -35.5% |
| Income from current assets | 751 | €548,601 | €664,719 | +€116,117 | +21.2% |
| Other financial income | 752/9 | €9,062 | €0 | -€9,062 | -100% |
| Non-recurring financial income | 76B | €14,330 | €148,227 | +€133,897 | +934% |
| Financial charges | 65/66B | €549,710 | €303,600 | -€246,109 | -44.8% |
| Recurring financial charges | 65 | €535,376 | €303,600 | -€231,776 | -43.3% |
| Debt charges | 650 | €534,941 | €303,148 | -€231,793 | -43.3% |
| Other financial charges | 652/9 | €435 | €452 | +€17 | +3.9% |
| Non-recurring financial charges | 66B | €14,333 | €0 | -€14,333 | -100% |
| Profit (loss) for the period before taxes | 9903 | €6,602,058 | €4,776,147 | -€1.8m | -27.7% |
| Income taxes | 67/77 | -€4,794 | €184,647 | +€189,441 | |
| Taxes | 670/3 | - | €184,647 | +€184,647 | |
| Tax adjustments and reversals of tax provisions | 77 | €4,794 | €0 | -€4,794 | -100% |
| Profit (loss) for the period | 9904 | €6,606,852 | €4,591,500 | -€2.0m | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,606,852 | €4,591,500 | -€2.0m | -30.5% |
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 24 October 2026 via checked.be.