HOSPINOVA: 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.
HOSPINOVA
Largest movements
- Receivables within one year +€100,584
up €100,584 (+51.2%), from €196,398 to €296,982
of which Trade receivables: +€114,506
- Cash +€78,235
up €78,235 (+153%), from €51,156 to €129,390
mainly Net result for the year (+€197,706) and Trade debts (+€125,675)
- Stocks and contracts +€7,731
up €7,731 (+14.2%), from €54,395 to €62,126
- Trade debts +€125,675
up €125,675 (+190%), from €66,082 to €191,757
- Other debts +€66,190
up €66,190 (+63.0%), from €105,086 to €171,277
- Reserves +€30,000
up €30,000 (+75.0%), from €40,000 to €70,000
- Debts after one year -€17,305
down €17,305 (-74.3%), from €23,302 to €5,997
- Tax, wage and social debts -€15,100
down €15,100 (-34.5%), from €43,705 to €28,605
of which Taxes: -€18,707
- Gross operating margin +€114,668
up €114,668 (+67.3%), from €170,278 to €284,946
- Taxes +€33,308
up €33,308 (+93.9%), from €35,458 to €68,766
- Other operating charges -€20,840
down €20,840 (-90.2%), from €23,113 to €2,273
- Financial charges +€13,401
up €13,401 (+191%), from €7,027 to €20,427
- Financial income +€2,899
up €2,899 (+56.0%), from €5,174 to €8,073
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 | €320,176 | €509,654 | +€189,477 | +59.2% |
| Fixed assets | 21/28 | €16,332 | €16,426 | +€94 | +0.6% |
| Tangible fixed assets | 22/27 | €16,332 | €16,426 | +€94 | +0.6% |
| Furniture and vehicles | 24 | €1,701 | €1,014 | -€687 | -40.4% |
| Leasing and similar rights | 25 | - | €2,325 | +€2,325 | |
| Other tangible fixed assets | 26 | €14,631 | €13,088 | -€1,544 | -10.6% |
| Current assets | 29/58 | €303,844 | €493,227 | +€189,383 | +62.3% |
| Stocks and contracts in progress | 3 | €54,395 | €62,126 | +€7,731 | +14.2% |
| Stocks | 30/36 | €54,395 | €62,126 | +€7,731 | +14.2% |
| Amounts receivable within one year | 40/41 | €196,398 | €296,982 | +€100,584 | +51.2% |
| Trade receivables | 40 | €163,642 | €278,148 | +€114,506 | +70.0% |
| Other amounts receivable | 41 | €32,755 | €18,834 | -€13,922 | -42.5% |
| Cash at bank and in hand | 54/58 | €51,156 | €129,390 | +€78,235 | +153% |
| Deferred charges and accrued income | 490/1 | €1,895 | €4,729 | +€2,834 | +150% |
| Total equity and liabilities | 10/49 | €320,176 | €509,654 | +€189,477 | +59.2% |
| Equity | 10/15 | €60,661 | €90,567 | +€29,906 | +49.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €40,000 | €70,000 | +€30,000 | +75.0% |
| Distributable reserves | 133 | €40,000 | €70,000 | +€30,000 | +75.0% |
| Profit (loss) carried forward | 14 | €201 | €107 | -€94 | -46.9% |
| Amounts payable | 17/49 | €259,515 | €419,087 | +€159,572 | +61.5% |
| Amounts payable after more than one year | 17 | €23,302 | €5,997 | -€17,305 | -74.3% |
| Financial debts | 170/4 | €23,302 | €5,997 | -€17,305 | -74.3% |
| Amounts payable within one year | 42/48 | €232,901 | €411,066 | +€178,165 | +76.5% |
| Current portion of amounts payable after more than one year | 42 | €18,027 | €19,427 | +€1,400 | +7.8% |
| Trade debts | 44 | €66,082 | €191,757 | +€125,675 | +190% |
| Suppliers | 440/4 | €66,082 | €191,757 | +€125,675 | +190% |
| Taxes, remuneration and social security | 45 | €43,705 | €28,605 | -€15,100 | -34.5% |
| Taxes | 450/3 | €43,705 | €24,998 | -€18,707 | -42.8% |
| Remuneration and social security | 454/9 | - | €3,607 | +€3,607 | |
| Other amounts payable | 47/48 | €105,086 | €171,277 | +€66,190 | +63.0% |
| Accrued charges and deferred income | 492/3 | €3,312 | €2,023 | -€1,288 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,486 | €3,846 | +€2,360 | +159% |
| Other operating charges | 640/8 | €23,113 | €2,273 | -€20,840 | -90.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €170,278 | €284,946 | +€114,668 | +67.3% |
| Operating profit (loss) | 9901 | €145,678 | €278,826 | +€133,148 | +91.4% |
| Financial income | 75/76B | €5,174 | €8,073 | +€2,899 | +56.0% |
| Recurring financial income | 75 | €5,174 | €8,073 | +€2,899 | +56.0% |
| Financial charges | 65/66B | €7,027 | €20,427 | +€13,401 | +191% |
| Recurring financial charges | 65 | €7,027 | €20,427 | +€13,401 | +191% |
| Profit (loss) for the period before taxes | 9903 | €143,826 | €266,472 | +€122,646 | +85.3% |
| Income taxes | 67/77 | €35,458 | €68,766 | +€33,308 | +93.9% |
| Profit (loss) for the period | 9904 | €108,368 | €197,706 | +€89,338 | +82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €108,368 | €197,706 | +€89,338 | +82.4% |
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 26 October 2026 via checked.be.