Hoyweads: 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.
Hoyweads
Largest movements
- Tangible fixed assets +€1.9m
up €1.9m (+47.4%), from €4.0m to €6.0m
of which Land and buildings: +€1.9m
- Receivables after one year +€433,706
up €433,706 (+38.6%), from €1.1m to €1.6m
- Deferred charges and accrued income -€77,195
down €77,195 (-99.1%), from €77,870 to €675
- Debts after one year +€2.2m
up €2.2m (+105%), from €2.1m to €4.3m
of which Financial debts: +€2.2m
- Trade debts -€1.1m
down €1.1m (-99.9%), from €1.1m to €1,170
- Other debts +€698,616
up €698,616 (+516%), from €135,348 to €833,965
- Reserves +€256,361
up €256,361 (+28.9%), from €886,861 to €1.1m
of which Tax-exempt reserves: +€286,660
- Provisions +€95,553
up €95,553 (+37.0%), from €258,253 to €353,806
- Gross operating margin +€271,680
up €271,680 (+42.3%), from €641,897 to €913,577
- Depreciation +€155,359
up €155,359 (+61.1%), from €254,456 to €409,816
- Financial charges +€68,619
up €68,619 (+70.1%), from €97,842 to €166,461
- Taxes -€11,936
down €11,936 (-99.3%), from €12,019 to €83
- Staff costs +€10,083
new in 2025: €10,083
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 | €5,440,051 | €7,677,601 | +€2.2m | +41.1% |
| Fixed assets | 21/28 | €4,046,077 | €5,965,573 | +€1.9m | +47.4% |
| Tangible fixed assets | 22/27 | €4,046,077 | €5,965,573 | +€1.9m | +47.4% |
| Land and buildings | 22 | €4,005,663 | €5,908,148 | +€1.9m | +47.5% |
| Plant, machinery and equipment | 23 | €40,414 | €46,619 | +€6,206 | +15.4% |
| Furniture and vehicles | 24 | - | €10,806 | +€10,806 | |
| Current assets | 29/58 | €1,393,974 | €1,712,028 | +€318,054 | +22.8% |
| Amounts receivable after more than one year | 29 | €1,125,000 | €1,558,706 | +€433,706 | +38.6% |
| Other amounts receivable | 291 | €1,125,000 | €1,558,706 | +€433,706 | +38.6% |
| Amounts receivable within one year | 40/41 | €125,960 | €119,650 | -€6,310 | -5.0% |
| Trade receivables | 40 | - | €7,000 | +€7,000 | |
| Other amounts receivable | 41 | €125,960 | €112,650 | -€13,310 | -10.6% |
| Cash at bank and in hand | 54/58 | €65,144 | €32,996 | -€32,148 | -49.3% |
| Deferred charges and accrued income | 490/1 | €77,870 | €675 | -€77,195 | -99.1% |
| Total equity and liabilities | 10/49 | €5,440,051 | €7,677,601 | +€2.2m | +41.1% |
| Equity | 10/15 | €1,721,961 | €1,905,202 | +€183,241 | +10.6% |
| Contributions | 10/11 | €818,049 | €818,049 | = | 0.0% |
| Capital | 10 | €818,049 | €818,049 | = | 0.0% |
| Issued capital | 100 | €818,049 | €818,049 | = | 0.0% |
| Reserves | 13 | €886,861 | €1,143,222 | +€256,361 | +28.9% |
| Non-distributable reserves | 130/1 | €81,805 | €81,805 | = | 0.0% |
| Legal reserve | 130 | €81,805 | €81,805 | = | 0.0% |
| Tax-exempt reserves | 132 | €774,757 | €1,061,417 | +€286,660 | +37.0% |
| Distributable reserves | 133 | €30,299 | - | -€30,299 | |
| Profit (loss) carried forward | 14 | €17,051 | -€56,069 | -€73,120 | |
| Provisions and deferred taxes | 16 | €258,253 | €353,806 | +€95,553 | +37.0% |
| Deferred taxes | 168 | €258,253 | €353,806 | +€95,553 | +37.0% |
| Amounts payable | 17/49 | €3,459,838 | €5,418,593 | +€2.0m | +56.6% |
| Amounts payable after more than one year | 17 | €2,106,620 | €4,310,760 | +€2.2m | +105% |
| Financial debts | 170/4 | €2,050,352 | €4,266,945 | +€2.2m | +108% |
| Other amounts payable | 178/9 | €56,269 | €43,815 | -€12,454 | -22.1% |
| Amounts payable within one year | 42/48 | €1,338,112 | €1,056,099 | -€282,013 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €136,301 | €220,965 | +€84,664 | +62.1% |
| Trade debts | 44 | €1,066,463 | €1,170 | -€1.1m | -99.9% |
| Suppliers | 440/4 | €1,066,463 | €1,170 | -€1.1m | -99.9% |
| Other amounts payable | 47/48 | €135,348 | €833,965 | +€698,616 | +516% |
| Accrued charges and deferred income | 492/3 | €15,106 | €51,734 | +€36,628 | +242% |
| Non-recurring operating income | 76A | €251,042 | €433,936 | +€182,893 | +72.9% |
| Remuneration, social security and pensions | 62 | - | €10,083 | +€10,083 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254,456 | €409,816 | +€155,359 | +61.1% |
| Other operating charges | 640/8 | €71,363 | €71,682 | +€319 | +0.4% |
| Gross operating margin | 9900 | €641,897 | €913,577 | +€271,680 | +42.3% |
| Operating profit (loss) | 9901 | €316,078 | €421,996 | +€105,919 | +33.5% |
| Financial income | 75/76B | €29,688 | €23,341 | -€6,347 | -21.4% |
| Recurring financial income | 75 | €29,688 | €23,341 | -€6,347 | -21.4% |
| Financial charges | 65/66B | €97,842 | €166,461 | +€68,619 | +70.1% |
| Recurring financial charges | 65 | €97,842 | €166,461 | +€68,619 | +70.1% |
| Profit (loss) for the period before taxes | 9903 | €247,923 | €278,877 | +€30,954 | +12.5% |
| Transfer from deferred taxes | 780 | €8,047 | €12,931 | +€4,884 | +60.7% |
| Transfer to deferred taxes | 680 | €62,761 | €108,484 | +€45,723 | +72.9% |
| Income taxes | 67/77 | €12,019 | €83 | -€11,936 | -99.3% |
| Profit (loss) for the period | 9904 | €181,191 | €183,241 | +€2,050 | +1.1% |
| Transfer from tax-exempt reserves | 789 | €24,142 | €38,792 | +€14,651 | +60.7% |
| Transfer to tax-exempt reserves | 689 | €188,282 | €325,452 | +€137,170 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,051 | -€103,419 | -€120,470 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.