HOYAUX: 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.
HOYAUX
Largest movements
- Receivables within one year +€32,078
up €32,078 (+54.8%), from €58,507 to €90,585
- Cash -€12,454
down €12,454 (-11.4%), from €109,698 to €97,243
mainly Receivables within one year (-€32,078) and Net result for the year (-€7,043)
- Tangible fixed assets -€8,814
down €8,814 (-28.3%), from €31,143 to €22,329
of which Other tangible fixed assets: -€6,755
- Deferred charges and accrued income -€8,209
down €8,209 (-69.4%), from €11,820 to €3,612
- Other debts +€7,584
up €7,584 (+24.3%), from €31,208 to €38,792
- Reserves -€7,043
down €7,043 (-8.8%), from €80,294 to €73,250
of which Distributable reserves: -€7,043
- Trade debts +€6,090
up €6,090 (+9.8%), from €61,860 to €67,950
- Tax, wage and social debts -€4,029
down €4,029 (-15.9%), from €25,406 to €21,377
of which Taxes: -€3,953
- Gross operating margin -€21,153
down €21,153 (-79.5%), from €26,613 to €5,460
- Depreciation -€3,149
down €3,149 (-26.3%), from €11,963 to €8,814
- Taxes -€1,673
down €1,673 (-71.3%), from €2,347 to €674
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 | €211,168 | €213,770 | +€2,601 | +1.2% |
| Fixed assets | 21/28 | €31,143 | €22,329 | -€8,814 | -28.3% |
| Tangible fixed assets | 22/27 | €31,143 | €22,329 | -€8,814 | -28.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,047 | €2,988 | -€2,059 | -40.8% |
| Other tangible fixed assets | 26 | €26,097 | €19,341 | -€6,755 | -25.9% |
| Current assets | 29/58 | €180,025 | €191,440 | +€11,415 | +6.3% |
| Amounts receivable within one year | 40/41 | €58,507 | €90,585 | +€32,078 | +54.8% |
| Trade receivables | 40 | €58,507 | €90,585 | +€32,078 | +54.8% |
| Cash at bank and in hand | 54/58 | €109,698 | €97,243 | -€12,454 | -11.4% |
| Deferred charges and accrued income | 490/1 | €11,820 | €3,612 | -€8,209 | -69.4% |
| Total equity and liabilities | 10/49 | €211,168 | €213,770 | +€2,601 | +1.2% |
| Equity | 10/15 | €92,694 | €85,650 | -€7,043 | -7.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €80,294 | €73,250 | -€7,043 | -8.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €78,434 | €71,390 | -€7,043 | -9.0% |
| Amounts payable | 17/49 | €118,475 | €128,119 | +€9,645 | +8.1% |
| Amounts payable within one year | 42/48 | €118,475 | €128,119 | +€9,645 | +8.1% |
| Trade debts | 44 | €61,860 | €67,950 | +€6,090 | +9.8% |
| Suppliers | 440/4 | €61,860 | €67,950 | +€6,090 | +9.8% |
| Taxes, remuneration and social security | 45 | €25,406 | €21,377 | -€4,029 | -15.9% |
| Taxes | 450/3 | €22,377 | €18,423 | -€3,953 | -17.7% |
| Remuneration and social security | 454/9 | €3,030 | €2,954 | -€76 | -2.5% |
| Other amounts payable | 47/48 | €31,208 | €38,792 | +€7,584 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,963 | €8,814 | -€3,149 | -26.3% |
| Other operating charges | 640/8 | €2,600 | €2,594 | -€6 | -0.2% |
| Gross operating margin | 9900 | €26,613 | €5,460 | -€21,153 | -79.5% |
| Operating profit (loss) | 9901 | €12,050 | -€5,948 | -€17,997 | |
| Financial income | 75/76B | €15 | €0 | -€15 | -100% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -100% |
| Financial charges | 65/66B | €405 | €422 | +€16 | +4.1% |
| Recurring financial charges | 65 | €405 | €422 | +€16 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €11,659 | -€6,369 | -€18,029 | |
| Income taxes | 67/77 | €2,347 | €674 | -€1,673 | -71.3% |
| Profit (loss) for the period | 9904 | €9,312 | -€7,043 | -€16,356 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,312 | -€7,043 | -€16,356 |
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 25 October 2026 via checked.be.