Hospidex Group: 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
Hospidex Group
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€553,358
2024 · -€71,930-€481,428
Equity
€22.2m
2024 · €22.8m-€553,358
Cash
€4.3m
2024 · €908,122+€3.4m
Balance sheet total
€45.0m
2024 · €39.3m+€5.7m
Largest movements
Assets
- Cash +€3.4m
up €3.4m (+371.9%), from €908,122 to €4.3m
mainly Other debts (+€7.3m) and Depreciation (+€192,886)
- Financial fixed assets +€2.3m
up €2.3m (+6.2%), from €37.0m to €39.2m
of which Affiliated companies: +€1.8m
- Intangible fixed assets +€605,588
new in 2025: €605,588
Equity and liabilities
- Other debts +€7.3m
up €7.3m (+158.7%), from €4.6m to €11.9m
- Debts after one year -€1.1m
down €1.1m (-10.8%), from €10.1m to €9.0m
- Profit (loss) carried forward -€553,358
down €553,358 (-201.0%), from -€275,324 to -€828,682
Income statement
- Turnover -€385,500
down €385,500 (-23.3%), from €1.7m to €1.3m
- Other operating income +€366,834
up €366,834 (+7574.5%), from €4,843 to €371,677
- Services and other goods +€316,685
up €316,685 (+28.9%), from €1.1m to €1.4m
- Depreciation +€191,601
up €191,601 (+14910.6%), from €1,285 to €192,886
- Taxes -€55,686
down €55,686 (-598.0%), from -€9,312 to -€64,998
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
-€71,930
Turnover
-€385,500
Other operating income
+€366,834
Services and other goods
-€316,685
Staff costs
+€18,313
Depreciation
-€191,601
Other operating charges
-€821
Other operating items
-€21,521
Financial income
-€3,203
Financial charges
-€2,929
Taxes
+€55,686
Result 2025
-€553,358
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.
From operations
+€7.2m
Investment
-€2.7m
Financing
-€1.1m
Cash 2024
€908,122
From operations (derived)
+€7.2m
Net result for the year
-€553,358
Depreciation
+€192,886
Receivables within one year
+€117,141
Deferred charges and accrued income
+€105,425
Trade debts
+€69,553
Tax, wage and social debts
+€28,091
Other debts
+€7.3m
Accrued charges and deferred income
-€50,867
Investment (derived)
-€2.7m
Investment in fixed assets (net)
-€2.7m
Financing
-€1.1m
Debts after one year
-€1.1m
Contributions, distributions and other
-€0
Cash 2025
€4.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,307,751 | €44,991,631 | +€5.7m | +14.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €37,363,325 | €39,892,562 | +€2.5m | +6.8% |
| Intangible fixed assets | 21 | - | €605,588 | +€605,588 | |
| Tangible fixed assets | 22/27 | €389,504 | €37,946 | -€351,558 | -90.3% |
| Assets under construction and advance payments | 27 | €389,504 | €37,946 | -€351,558 | -90.3% |
| Financial fixed assets | 28 | €36,973,821 | €39,249,028 | +€2.3m | +6.2% |
| Affiliated companies | 280/1 | €36,973,821 | €38,784,069 | +€1.8m | +4.9% |
| Participating interests | 280 | €36,973,821 | €38,784,069 | +€1.8m | +4.9% |
| Other financial fixed assets | 284/8 | - | €464,959 | +€464,959 | |
| Shares | 284 | - | €464,959 | +€464,959 | |
| Current assets | 29/58 | €1,944,426 | €5,099,069 | +€3.2m | +162.2% |
| Amounts receivable within one year | 40/41 | €879,909 | €762,768 | -€117,141 | -13.3% |
| Trade receivables | 40 | €805,732 | €681,769 | -€123,963 | -15.4% |
| Other amounts receivable | 41 | €74,177 | €80,998 | +€6,821 | +9.2% |
| Cash at bank and in hand | 54/58 | €908,122 | €4,285,331 | +€3.4m | +371.9% |
| Deferred charges and accrued income | 490/1 | €156,395 | €50,970 | -€105,425 | -67.4% |
| Total equity and liabilities | 10/49 | €39,307,751 | €44,991,631 | +€5.7m | +14.5% |
| Equity | 10/15 | €22,798,495 | €22,245,137 | -€553,358 | -2.4% |
| Contributions | 10/11 | €23,073,819 | €23,073,819 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€275,324 | -€828,682 | -€553,358 | -201.0% |
| Amounts payable | 17/49 | €16,509,256 | €22,746,494 | +€6.2m | +37.8% |
| Amounts payable after more than one year | 17 | €10,108,934 | €9,016,078 | -€1.1m | -10.8% |
| Financial debts | 170/4 | €10,108,934 | €9,016,078 | -€1.1m | -10.8% |
| Credit institutions | 173 | €10,108,934 | €9,016,078 | -€1.1m | -10.8% |
| Amounts payable within one year | 42/48 | €6,178,003 | €13,558,964 | +€7.4m | +119.5% |
| Current portion of amounts payable after more than one year | 42 | €1,092,856 | €1,092,856 | = | 0.0% |
| Trade debts | 44 | €476,909 | €546,462 | +€69,553 | +14.6% |
| Suppliers | 440/4 | €476,909 | €546,462 | +€69,553 | +14.6% |
| Taxes, remuneration and social security | 45 | €18,175 | €46,266 | +€28,091 | +154.6% |
| Taxes | 450/3 | €0 | €46,266 | +€46,266 | |
| Remuneration and social security | 454/9 | €18,175 | - | -€18,175 | |
| Other amounts payable | 47/48 | €4,590,063 | €11,873,380 | +€7.3m | +158.7% |
| Accrued charges and deferred income | 492/3 | €222,319 | €171,452 | -€50,867 | -22.9% |
| Operating income | 70/76A | €1,659,343 | €1,648,577 | -€10,766 | -0.6% |
| Turnover | 70 | €1,654,500 | €1,269,000 | -€385,500 | -23.3% |
| Other operating income | 74 | €4,843 | €371,677 | +€366,834 | +7574.5% |
| Non-recurring operating income | 76A | - | €7,900 | +€7,900 | |
| Operating charges | 60/66A | €1,229,181 | €1,749,396 | +€520,215 | +42.3% |
| Services and other goods | 61 | €1,097,444 | €1,414,129 | +€316,685 | +28.9% |
| Remuneration, social security and pensions | 62 | €128,843 | €110,530 | -€18,313 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,285 | €192,886 | +€191,601 | +14910.6% |
| Other operating charges | 640/8 | €1,609 | €2,430 | +€821 | +51.0% |
| Non-recurring operating charges | 66A | - | €29,421 | +€29,421 | |
| Operating profit (loss) | 9901 | €430,162 | -€100,820 | -€530,982 | |
| Financial income | 75/76B | €3,203 | €0 | -€3,203 | -100.0% |
| Recurring financial income | 75 | €3,203 | €0 | -€3,203 | -100.0% |
| Income from current assets | 751 | €3,203 | - | -€3,203 | |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €514,607 | €517,536 | +€2,929 | +0.6% |
| Recurring financial charges | 65 | €514,607 | €517,536 | +€2,929 | +0.6% |
| Debt charges | 650 | €512,256 | €500,915 | -€11,341 | -2.2% |
| Other financial charges | 652/9 | €2,351 | €16,621 | +€14,270 | +607.0% |
| Profit (loss) for the period before taxes | 9903 | -€81,242 | -€618,355 | -€537,113 | -661.1% |
| Income taxes | 67/77 | -€9,312 | -€64,998 | -€55,686 | -598.0% |
| Taxes | 670/3 | €345 | - | -€345 | |
| Tax adjustments and reversals of tax provisions | 77 | €9,657 | €64,998 | +€55,341 | +573.1% |
| Profit (loss) for the period | 9904 | -€71,930 | -€553,358 | -€481,428 | -669.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,930 | -€553,358 | -€481,428 | -669.3% |
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 12 October 2026 via checked.be.