HOSCOU: 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.
HOSCOU
Largest movements
- Cash +€185,084
up €185,084 (+113%), from €163,543 to €348,628
mainly Net result for the year (+€130,729) and Depreciation (+€101,787)
- Tangible fixed assets -€95,689
down €95,689 (-12.6%), from €761,914 to €666,225
- Receivables within one year -€64,814
down €64,814 (-95.4%), from €67,931 to €3,117
of which Trade receivables: -€43,347
- Reserves +€130,729
up €130,729 (+152%), from €85,783 to €216,512
- Trade debts -€67,862
down €67,862 (-58.5%), from €115,957 to €48,095
- Debts after one year -€46,622
down €46,622 (-11.9%), from €390,833 to €344,211
- Tax, wage and social debts +€19,489
up €19,489 (+85.3%), from €22,840 to €42,329
of which Remuneration and social security: +€14,172
- Gross operating margin +€147,534
up €147,534 (+44.6%), from €330,926 to €478,460
- Taxes +€24,671
up €24,671 (+463%), from €5,329 to €30,000
- Depreciation +€23,768
up €23,768 (+30.5%), from €78,019 to €101,787
- Financial charges +€5,007
up €5,007 (+17.8%), from €28,081 to €33,088
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 | €1,012,413 | €1,034,385 | +€21,972 | +2.2% |
| Fixed assets | 21/28 | €765,914 | €669,725 | -€96,189 | -12.6% |
| Intangible fixed assets | 21 | €4,000 | €3,500 | -€500 | -12.5% |
| Tangible fixed assets | 22/27 | €761,914 | €666,225 | -€95,689 | -12.6% |
| Land and buildings | 22 | €543,536 | €501,034 | -€42,502 | -7.8% |
| Plant, machinery and equipment | 23 | €101,749 | €76,641 | -€25,108 | -24.7% |
| Furniture and vehicles | 24 | €116,630 | €88,551 | -€28,079 | -24.1% |
| Current assets | 29/58 | €246,499 | €364,660 | +€118,161 | +47.9% |
| Stocks and contracts in progress | 3 | €12,668 | €12,915 | +€247 | +2.0% |
| Stocks | 30/36 | €12,668 | €12,915 | +€247 | +2.0% |
| Amounts receivable within one year | 40/41 | €67,931 | €3,117 | -€64,814 | -95.4% |
| Trade receivables | 40 | €43,364 | €17 | -€43,347 | -100.0% |
| Other amounts receivable | 41 | €24,568 | €3,100 | -€21,468 | -87.4% |
| Cash at bank and in hand | 54/58 | €163,543 | €348,628 | +€185,084 | +113% |
| Deferred charges and accrued income | 490/1 | €2,357 | €0 | -€2,357 | -100% |
| Total equity and liabilities | 10/49 | €1,012,413 | €1,034,385 | +€21,972 | +2.2% |
| Equity | 10/15 | €205,783 | €336,512 | +€130,729 | +63.5% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €85,783 | €216,512 | +€130,729 | +152% |
| Distributable reserves | 133 | €85,783 | €216,512 | +€130,729 | +152% |
| Amounts payable | 17/49 | €806,630 | €697,873 | -€108,757 | -13.5% |
| Amounts payable after more than one year | 17 | €390,833 | €344,211 | -€46,622 | -11.9% |
| Financial debts | 170/4 | €390,833 | €344,211 | -€46,622 | -11.9% |
| Amounts payable within one year | 42/48 | €415,797 | €353,662 | -€62,136 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €45,144 | €46,622 | +€1,478 | +3.3% |
| Financial debts | 43 | €7,000 | €0 | -€7,000 | -100% |
| Credit institutions | 430/8 | €7,000 | €0 | -€7,000 | -100% |
| Trade debts | 44 | €115,957 | €48,095 | -€67,862 | -58.5% |
| Suppliers | 440/4 | €115,957 | €48,095 | -€67,862 | -58.5% |
| Advances received on contracts in progress | 46 | €293 | €0 | -€293 | -100% |
| Taxes, remuneration and social security | 45 | €22,840 | €42,329 | +€19,489 | +85.3% |
| Taxes | 450/3 | €7,563 | €12,880 | +€5,316 | +70.3% |
| Remuneration and social security | 454/9 | €15,277 | €29,450 | +€14,172 | +92.8% |
| Other amounts payable | 47/48 | €224,562 | €216,616 | -€7,947 | -3.5% |
| Remuneration, social security and pensions | 62 | €173,209 | €176,271 | +€3,062 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,019 | €101,787 | +€23,768 | +30.5% |
| Other operating charges | 640/8 | €7,274 | €6,969 | -€305 | -4.2% |
| Gross operating margin | 9900 | €330,926 | €478,460 | +€147,534 | +44.6% |
| Operating profit (loss) | 9901 | €72,423 | €193,433 | +€121,009 | +167% |
| Financial income | 75/76B | €87 | €384 | +€297 | +344% |
| Recurring financial income | 75 | €87 | €384 | +€297 | +344% |
| Financial charges | 65/66B | €28,081 | €33,088 | +€5,007 | +17.8% |
| Recurring financial charges | 65 | €28,081 | €33,088 | +€5,007 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €44,429 | €160,729 | +€116,300 | +262% |
| Income taxes | 67/77 | €5,329 | €30,000 | +€24,671 | +463% |
| Profit (loss) for the period | 9904 | €39,100 | €130,729 | +€91,629 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €39,100 | €130,729 | +€91,629 | +234% |
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 15 October 2026 via checked.be.