HOY: 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.
HOY
Largest movements
- Cash -€19,012
down €19,012 (-22.3%), from €85,146 to €66,134
mainly Contributions, distributions and other (-€35,210) and Investment in fixed assets (net) (-€28,269)
- Receivables within one year -€15,386
down €15,386 (-54.3%), from €28,344 to €12,958
of which Other amounts receivable: -€15,226
- Tangible fixed assets +€11,720
up €11,720 (+2.3%), from €499,588 to €511,307
of which Land and buildings: +€12,048
- Debts after one year -€26,992
down €26,992 (-7.7%), from €348,818 to €321,826
- Other debts +€20,093
up €20,093 (+99.3%), from €20,226 to €40,319
- Tax, wage and social debts -€7,282
down €7,282 (-47.2%), from €15,421 to €8,138
of which Taxes: -€7,364
- Gross operating margin +€18,124
up €18,124 (+38.0%), from €47,744 to €65,869
- Taxes +€4,778
up €4,778 (+65.3%), from €7,323 to €12,101
- Depreciation +€1,540
up €1,540 (+10.3%), from €15,010 to €16,550
- Financial charges -€994
down €994 (-13.9%), from €7,159 to €6,165
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 | €614,314 | €591,424 | -€22,890 | -3.7% |
| Fixed assets | 21/28 | €499,588 | €511,307 | +€11,720 | +2.3% |
| Tangible fixed assets | 22/27 | €499,588 | €511,307 | +€11,720 | +2.3% |
| Land and buildings | 22 | €498,638 | €510,686 | +€12,048 | +2.4% |
| Furniture and vehicles | 24 | €950 | €621 | -€329 | -34.6% |
| Current assets | 29/58 | €114,726 | €80,117 | -€34,609 | -30.2% |
| Amounts receivable within one year | 40/41 | €28,344 | €12,958 | -€15,386 | -54.3% |
| Trade receivables | 40 | €12,320 | €12,161 | -€160 | -1.3% |
| Other amounts receivable | 41 | €16,024 | €798 | -€15,226 | -95.0% |
| Cash at bank and in hand | 54/58 | €85,146 | €66,134 | -€19,012 | -22.3% |
| Deferred charges and accrued income | 490/1 | €1,236 | €1,025 | -€211 | -17.1% |
| Total equity and liabilities | 10/49 | €614,314 | €591,424 | -€22,890 | -3.7% |
| Equity | 10/15 | €194,629 | €189,811 | -€4,818 | -2.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €191,461 | €186,643 | -€4,818 | -2.5% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150 | €150 | = | 0.0% |
| Distributable reserves | 133 | €191,311 | €186,493 | -€4,818 | -2.5% |
| Profit (loss) carried forward | 14 | €1,667 | €1,667 | = | 0.0% |
| Amounts payable | 17/49 | €419,685 | €401,613 | -€18,072 | -4.3% |
| Amounts payable after more than one year | 17 | €348,818 | €321,826 | -€26,992 | -7.7% |
| Financial debts | 170/4 | €348,818 | €321,826 | -€26,992 | -7.7% |
| Amounts payable within one year | 42/48 | €70,347 | €77,074 | +€6,727 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €28,758 | €26,992 | -€1,766 | -6.1% |
| Financial debts | 43 | - | €545 | +€545 | |
| Other loans | 439 | - | €545 | +€545 | |
| Trade debts | 44 | €5,942 | €1,079 | -€4,863 | -81.8% |
| Suppliers | 440/4 | €5,942 | €1,079 | -€4,863 | -81.8% |
| Taxes, remuneration and social security | 45 | €15,421 | €8,138 | -€7,282 | -47.2% |
| Taxes | 450/3 | €13,050 | €5,686 | -€7,364 | -56.4% |
| Remuneration and social security | 454/9 | €2,370 | €2,452 | +€82 | +3.5% |
| Other amounts payable | 47/48 | €20,226 | €40,319 | +€20,093 | +99.3% |
| Accrued charges and deferred income | 492/3 | €520 | €2,714 | +€2,193 | +421.6% |
| Non-recurring operating income | 76A | €3,058 | €0 | -€3,058 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,010 | €16,550 | +€1,540 | +10.3% |
| Other operating charges | 640/8 | €1,353 | €942 | -€411 | -30.4% |
| Gross operating margin | 9900 | €47,744 | €65,869 | +€18,124 | +38.0% |
| Operating profit (loss) | 9901 | €31,382 | €48,377 | +€16,995 | +54.2% |
| Financial income | 75/76B | - | €281 | +€281 | |
| Recurring financial income | 75 | - | €281 | +€281 | |
| Financial charges | 65/66B | €7,159 | €6,165 | -€994 | -13.9% |
| Recurring financial charges | 65 | €7,159 | €6,165 | -€994 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €24,223 | €42,493 | +€18,271 | +75.4% |
| Income taxes | 67/77 | €7,323 | €12,101 | +€4,778 | +65.3% |
| Profit (loss) for the period | 9904 | €16,900 | €30,392 | +€13,492 | +79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,900 | €30,392 | +€13,492 | +79.8% |
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.