HOZON: 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.
HOZON
Largest movements
- Receivables within one year +€166,136
up €166,136 (+191.3%), from €86,826 to €252,962
of which Other amounts receivable: +€147,774
- Other debts +€148,500
up €148,500 (+102.8%), from €144,432 to €292,932
- Debts after one year -€28,208
down €28,208 (-8.2%), from €343,686 to €315,478
of which Financial debts: -€28,208
- Reserves +€25,428
up €25,428 (+41.8%), from €60,788 to €86,216
- Tax, wage and social debts +€18,649
up €18,649 (+190.9%), from €9,767 to €28,415
- Gross operating margin +€10,486
up €10,486 (+26.3%), from €39,808 to €50,294
- Taxes +€3,972
up €3,972 (+45.6%), from €8,711 to €12,684
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.
Cash bridge derived
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 | €724,641 | €894,229 | +€169,588 | +23.4% |
| Fixed assets | 21/28 | €636,924 | €636,924 | = | 0.0% |
| Financial fixed assets | 28 | €636,924 | €636,924 | = | 0.0% |
| Current assets | 29/58 | €87,718 | €257,306 | +€169,588 | +193.3% |
| Amounts receivable within one year | 40/41 | €86,826 | €252,962 | +€166,136 | +191.3% |
| Trade receivables | 40 | €85,930 | €104,292 | +€18,362 | +21.4% |
| Other amounts receivable | 41 | €896 | €148,670 | +€147,774 | +16496.5% |
| Cash at bank and in hand | 54/58 | €892 | €4,344 | +€3,453 | +387.2% |
| Total equity and liabilities | 10/49 | €724,641 | €894,229 | +€169,588 | +23.4% |
| Equity | 10/15 | €140,788 | €166,216 | +€25,428 | +18.1% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €60,788 | €86,216 | +€25,428 | +41.8% |
| Distributable reserves | 133 | €60,788 | €86,216 | +€25,428 | +41.8% |
| Amounts payable | 17/49 | €583,853 | €728,013 | +€144,160 | +24.7% |
| Amounts payable after more than one year | 17 | €343,686 | €315,478 | -€28,208 | -8.2% |
| Financial debts | 170/4 | €145,486 | €117,278 | -€28,208 | -19.4% |
| Other amounts payable | 178/9 | €198,200 | €198,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €182,750 | €351,572 | +€168,822 | +92.4% |
| Current portion of amounts payable after more than one year | 42 | €27,777 | €28,208 | +€431 | +1.6% |
| Trade debts | 44 | €774 | €2,017 | +€1,243 | +160.6% |
| Suppliers | 440/4 | €774 | €2,017 | +€1,243 | +160.6% |
| Taxes, remuneration and social security | 45 | €9,767 | €28,415 | +€18,649 | +190.9% |
| Taxes | 450/3 | €9,767 | €28,415 | +€18,649 | +190.9% |
| Other amounts payable | 47/48 | €144,432 | €292,932 | +€148,500 | +102.8% |
| Accrued charges and deferred income | 492/3 | €57,418 | €60,963 | +€3,546 | +6.2% |
| Other operating charges | 640/8 | €761 | €783 | +€22 | +2.9% |
| Gross operating margin | 9900 | €39,808 | €50,294 | +€10,486 | +26.3% |
| Operating profit (loss) | 9901 | €39,047 | €49,512 | +€10,464 | +26.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €11,761 | €11,400 | -€361 | -3.1% |
| Recurring financial charges | 65 | €11,761 | €11,400 | -€361 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €27,287 | €38,111 | +€10,825 | +39.7% |
| Income taxes | 67/77 | €8,711 | €12,684 | +€3,972 | +45.6% |
| Profit (loss) for the period | 9904 | €18,576 | €25,428 | +€6,852 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,576 | €25,428 | +€6,852 | +36.9% |
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 10 October 2026 via checked.be.