HOYDONCKX: what changed
HOYDONCKX
Largest movements
- Stocks and contracts +€407,085
up €407,085 (+97.6%), from €417,114 to €824,199
- Cash +€131,891
up €131,891 (+151%), from €87,144 to €219,035
mainly Trade debts (+€434,158) and Receivables within one year (+€67,940)
- Receivables within one year -€67,940
down €67,940 (-46.7%), from €145,626 to €77,686
of which Trade receivables: -€60,454
- Tangible fixed assets -€41,157
down €41,157 (-29.7%), from €138,368 to €97,211
of which Furniture and vehicles: -€26,108
- Profit (loss) carried forward +€527,760
no longer reported in 2026 (was -€527,760)
- Reserves -€501,435
down €501,435 (-66.7%), from €752,012 to €250,577
of which Distributable reserves: -€442,008
- Trade debts +€434,158
up €434,158 (+627%), from €69,293 to €503,451
- Other debts -€26,046
no longer reported in 2026 (was €26,046)
- Advances received +€23,330
up €23,330 (+200%), from €11,670 to €35,000
- Gross operating margin +€184,674
up €184,674 (+134%), from €137,328 to €322,002
- Staff costs -€27,346
down €27,346 (-11.0%), from €247,493 to €220,147
- Taxes +€12,580
up €12,580 (+4,857%), from €259 to €12,839
- Financial charges -€6,998
down €6,998 (-23.2%), from €30,115 to €23,117
- Financial income +€6,172
up €6,172 (+119%), from €5,192 to €11,364
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €796,433 | €1,223,431 | +€426,998 | +53.6% |
| Fixed assets | 21/28 | €138,753 | €98,096 | -€40,657 | -29.3% |
| Tangible fixed assets | 22/27 | €138,368 | €97,211 | -€41,157 | -29.7% |
| Plant, machinery and equipment | 23 | €59,439 | €44,390 | -€15,049 | -25.3% |
| Furniture and vehicles | 24 | €78,929 | €52,821 | -€26,108 | -33.1% |
| Financial fixed assets | 28 | €385 | €885 | +€500 | +130% |
| Current assets | 29/58 | €657,680 | €1,125,335 | +€467,655 | +71.1% |
| Stocks and contracts in progress | 3 | €417,114 | €824,199 | +€407,085 | +97.6% |
| Stocks | 30/36 | €417,114 | €824,199 | +€407,085 | +97.6% |
| Amounts receivable within one year | 40/41 | €145,626 | €77,686 | -€67,940 | -46.7% |
| Trade receivables | 40 | €119,126 | €58,672 | -€60,454 | -50.7% |
| Other amounts receivable | 41 | €26,500 | €19,014 | -€7,486 | -28.2% |
| Cash at bank and in hand | 54/58 | €87,144 | €219,035 | +€131,891 | +151% |
| Deferred charges and accrued income | 490/1 | €7,796 | €4,415 | -€3,381 | -43.4% |
| Total equity and liabilities | 10/49 | €796,433 | €1,223,431 | +€426,998 | +53.6% |
| Equity | 10/15 | €242,844 | €269,169 | +€26,325 | +10.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €752,012 | €250,577 | -€501,435 | -66.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,427 | - | -€59,427 | |
| Distributable reserves | 133 | €690,726 | €248,718 | -€442,008 | -64.0% |
| Profit (loss) carried forward | 14 | -€527,760 | - | +€527,760 | |
| Amounts payable | 17/49 | €553,589 | €954,262 | +€400,673 | +72.4% |
| Amounts payable after more than one year | 17 | €48,598 | €28,315 | -€20,283 | -41.7% |
| Financial debts | 170/4 | €48,598 | €28,315 | -€20,283 | -41.7% |
| Amounts payable within one year | 42/48 | €504,991 | €925,947 | +€420,956 | +83.4% |
| Current portion of amounts payable after more than one year | 42 | €344,908 | €345,283 | +€375 | +0.1% |
| Trade debts | 44 | €69,293 | €503,451 | +€434,158 | +627% |
| Suppliers | 440/4 | €69,293 | €503,451 | +€434,158 | +627% |
| Advances received on contracts in progress | 46 | €11,670 | €35,000 | +€23,330 | +200% |
| Taxes, remuneration and social security | 45 | €53,074 | €42,213 | -€10,861 | -20.5% |
| Taxes | 450/3 | €12,654 | €12,573 | -€81 | -0.6% |
| Remuneration and social security | 454/9 | €40,420 | €29,640 | -€10,780 | -26.7% |
| Other amounts payable | 47/48 | €26,046 | - | -€26,046 | |
| Remuneration, social security and pensions | 62 | €247,493 | €220,147 | -€27,346 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,760 | €48,249 | -€511 | -1.0% |
| Other operating charges | 640/8 | €2,800 | €2,689 | -€111 | -4.0% |
| Gross operating margin | 9900 | €137,328 | €322,002 | +€184,674 | +134% |
| Operating profit (loss) | 9901 | -€161,725 | €50,917 | +€212,642 | |
| Financial income | 75/76B | €5,192 | €11,364 | +€6,172 | +119% |
| Recurring financial income | 75 | €5,192 | €11,364 | +€6,172 | +119% |
| Financial charges | 65/66B | €30,115 | €23,117 | -€6,998 | -23.2% |
| Recurring financial charges | 65 | €30,115 | €23,117 | -€6,998 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€186,648 | €39,164 | +€225,812 | |
| Income taxes | 67/77 | €259 | €12,839 | +€12,580 | +4,857% |
| Profit (loss) for the period | 9904 | -€186,907 | €26,325 | +€213,232 | |
| Transfer from tax-exempt reserves | 789 | - | €59,427 | +€59,427 | |
| Profit (loss) for the period to be appropriated | 9905 | -€186,907 | €85,752 | +€272,659 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.