HOZERCA PLANTS: 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.
HOZERCA PLANTS
Largest movements
- Cash +€263,142
up €263,142 (+42.2%), from €623,685 to €886,826
mainly Net result for the year (+€198,085) and Depreciation (+€86,918)
- Tangible fixed assets -€37,346
down €37,346 (-12.5%), from €299,915 to €262,569
of which Land and buildings: -€34,019
- Reserves +€198,085
up €198,085 (+8.8%), from €2.3m to €2.5m
of which Distributable reserves: +€198,085
- Gross operating margin -€47,908
down €47,908 (-6.6%), from €725,615 to €677,707
- Financial income -€30,591
down €30,591 (-43.0%), from €71,072 to €40,481
of which Financial income: -€30,591
- Staff costs -€28,479
down €28,479 (-8.0%), from €355,789 to €327,310
- Depreciation -€23,147
down €23,147 (-21.0%), from €110,065 to €86,918
- Taxes -€8,444
down €8,444 (-9.5%), from €88,511 to €80,067
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 | €2,720,013 | €2,940,825 | +€220,811 | +8.1% |
| Fixed assets | 21/28 | €299,915 | €262,569 | -€37,346 | -12.5% |
| Tangible fixed assets | 22/27 | €299,915 | €262,569 | -€37,346 | -12.5% |
| Land and buildings | 22 | €143,333 | €109,313 | -€34,019 | -23.7% |
| Plant, machinery and equipment | 23 | €102,821 | €130,862 | +€28,041 | +27.3% |
| Furniture and vehicles | 24 | €53,761 | €22,394 | -€31,367 | -58.3% |
| Current assets | 29/58 | €2,420,098 | €2,678,255 | +€258,157 | +10.7% |
| Stocks and contracts in progress | 3 | €174,972 | €171,332 | -€3,640 | -2.1% |
| Stocks | 30/36 | €174,972 | €171,332 | -€3,640 | -2.1% |
| Amounts receivable within one year | 40/41 | €591,309 | €585,457 | -€5,852 | -1.0% |
| Trade receivables | 40 | €535,083 | €562,592 | +€27,509 | +5.1% |
| Other amounts receivable | 41 | €56,226 | €22,865 | -€33,361 | -59.3% |
| Current investments | 50/53 | €1,014,124 | €1,014,124 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €623,685 | €886,826 | +€263,142 | +42.2% |
| Deferred charges and accrued income | 490/1 | €16,008 | €20,516 | +€4,508 | +28.2% |
| Total equity and liabilities | 10/49 | €2,720,013 | €2,940,825 | +€220,811 | +8.1% |
| Equity | 10/15 | €2,284,076 | €2,478,852 | +€194,776 | +8.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,262,217 | €2,460,302 | +€198,085 | +8.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €2,260,362 | €2,458,447 | +€198,085 | +8.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €3,309 | €0 | -€3,309 | -100% |
| Provisions and deferred taxes | 16 | €321 | €0 | -€321 | -100% |
| Deferred taxes | 168 | €321 | €0 | -€321 | -100% |
| Amounts payable | 17/49 | €435,617 | €461,973 | +€26,356 | +6.1% |
| Amounts payable after more than one year | 17 | €210,000 | €210,000 | = | 0.0% |
| Financial debts | 170/4 | €210,000 | €210,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €225,617 | €251,973 | +€26,356 | +11.7% |
| Trade debts | 44 | €67,703 | €54,830 | -€12,873 | -19.0% |
| Suppliers | 440/4 | €67,703 | €54,830 | -€12,873 | -19.0% |
| Taxes, remuneration and social security | 45 | €36,396 | €54,253 | +€17,857 | +49.1% |
| Taxes | 450/3 | €21,716 | €40,827 | +€19,111 | +88.0% |
| Remuneration and social security | 454/9 | €14,681 | €13,427 | -€1,254 | -8.5% |
| Other amounts payable | 47/48 | €121,517 | €142,890 | +€21,372 | +17.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €355,789 | €327,310 | -€28,479 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,065 | €86,918 | -€23,147 | -21.0% |
| Other operating charges | 640/8 | €9,224 | €6,724 | -€2,500 | -27.1% |
| Gross operating margin | 9900 | €725,615 | €677,707 | -€47,908 | -6.6% |
| Operating profit (loss) | 9901 | €250,537 | €256,755 | +€6,218 | +2.5% |
| Financial income | 75/76B | €71,072 | €40,481 | -€30,591 | -43.0% |
| Recurring financial income | 75 | €71,072 | €40,481 | -€30,591 | -43.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €20,139 | €19,405 | -€734 | -3.6% |
| Recurring financial charges | 65 | €20,139 | €19,405 | -€734 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €301,470 | €277,831 | -€23,640 | -7.8% |
| Transfer from deferred taxes | 780 | €432 | €321 | -€111 | -25.8% |
| Income taxes | 67/77 | €88,511 | €80,067 | -€8,444 | -9.5% |
| Profit (loss) for the period | 9904 | €213,392 | €198,085 | -€15,307 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €213,392 | €198,085 | -€15,307 | -7.2% |
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 21 October 2026 via checked.be.