HOYNO: 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.
HOYNO
Largest movements
- Tangible fixed assets +€7,851
up €7,851 (+3.7%), from €210,964 to €218,815
of which Land and buildings: +€9,467
- Cash +€6,662
up €6,662 (+32.5%), from €20,524 to €27,186
mainly Tax, wage and social debts (+€16,107) and Depreciation (+€13,365)
- Deferred charges and accrued income +€2,690
up €2,690 (+97.3%), from €2,763 to €5,453
- Tax, wage and social debts +€16,107
up €16,107 (+118%), from €13,655 to €29,762
of which Remuneration and social security: +€13,750
- Reserves +€9,637
up €9,637 (+15.1%), from €63,813 to €73,449
- Debts after one year -€9,555
down €9,555 (-7.6%), from €125,800 to €116,244
- Trade debts +€3,388
up €3,388 (+107%), from €3,172 to €6,560
- Gross operating margin -€23,786
down €23,786 (-41.7%), from €56,977 to €33,191
- Taxes -€6,810
down €6,810 (-57.9%), from €11,769 to €4,959
- Depreciation +€947
up €947 (+7.6%), from €12,418 to €13,365
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 | €246,756 | €265,253 | +€18,497 | +7.5% |
| Fixed assets | 21/28 | €211,964 | €219,815 | +€7,851 | +3.7% |
| Tangible fixed assets | 22/27 | €210,964 | €218,815 | +€7,851 | +3.7% |
| Land and buildings | 22 | €207,803 | €217,270 | +€9,467 | +4.6% |
| Furniture and vehicles | 24 | €2,741 | €1,126 | -€1,616 | -58.9% |
| Other tangible fixed assets | 26 | €420 | €420 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €34,791 | €45,437 | +€10,646 | +30.6% |
| Amounts receivable within one year | 40/41 | €11,504 | €12,798 | +€1,294 | +11.2% |
| Trade receivables | 40 | €11,504 | €12,798 | +€1,294 | +11.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €20,524 | €27,186 | +€6,662 | +32.5% |
| Deferred charges and accrued income | 490/1 | €2,763 | €5,453 | +€2,690 | +97.3% |
| Total equity and liabilities | 10/49 | €246,756 | €265,253 | +€18,497 | +7.5% |
| Equity | 10/15 | €82,363 | €91,999 | +€9,637 | +11.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €63,813 | €73,449 | +€9,637 | +15.1% |
| Distributable reserves | 133 | €63,813 | €73,449 | +€9,637 | +15.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €164,393 | €173,253 | +€8,860 | +5.4% |
| Amounts payable after more than one year | 17 | €125,800 | €116,244 | -€9,555 | -7.6% |
| Financial debts | 170/4 | €125,800 | €116,244 | -€9,555 | -7.6% |
| Amounts payable within one year | 42/48 | €38,191 | €57,009 | +€18,818 | +49.3% |
| Current portion of amounts payable after more than one year | 42 | €9,304 | €9,555 | +€251 | +2.7% |
| Financial debts | 43 | €1,690 | €1,346 | -€344 | -20.4% |
| Credit institutions | 430/8 | €1,690 | €1,346 | -€344 | -20.4% |
| Trade debts | 44 | €3,172 | €6,560 | +€3,388 | +107% |
| Suppliers | 440/4 | €3,172 | €6,560 | +€3,388 | +107% |
| Taxes, remuneration and social security | 45 | €13,655 | €29,762 | +€16,107 | +118% |
| Taxes | 450/3 | €11,655 | €14,013 | +€2,357 | +20.2% |
| Remuneration and social security | 454/9 | €2,000 | €15,750 | +€13,750 | +688% |
| Other amounts payable | 47/48 | €10,370 | €9,786 | -€584 | -5.6% |
| Accrued charges and deferred income | 492/3 | €402 | €0 | -€402 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,418 | €13,365 | +€947 | +7.6% |
| Other operating charges | 640/8 | €1,379 | €1,268 | -€111 | -8.1% |
| Gross operating margin | 9900 | €56,977 | €33,191 | -€23,786 | -41.7% |
| Operating profit (loss) | 9901 | €43,180 | €18,558 | -€24,622 | -57.0% |
| Financial income | 75/76B | €35 | €0 | -€35 | -100% |
| Recurring financial income | 75 | €35 | €0 | -€35 | -100% |
| Financial charges | 65/66B | €4,066 | €3,769 | -€297 | -7.3% |
| Recurring financial charges | 65 | €4,066 | €3,769 | -€297 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €39,149 | €14,789 | -€24,360 | -62.2% |
| Income taxes | 67/77 | €11,769 | €4,959 | -€6,810 | -57.9% |
| Profit (loss) for the period | 9904 | €27,380 | €9,830 | -€17,550 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,380 | €9,830 | -€17,550 | -64.1% |
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 15 October 2026 via checked.be.