HP ONDERHOUD: 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.
HP ONDERHOUD
Largest movements
- Receivables within one year +€70,897
up €70,897 (+61.9%), from €114,557 to €185,453
of which Trade receivables: +€46,722
- Tangible fixed assets +€7,941
up €7,941 (+241%), from €3,291 to €11,232
of which Leasing and similar rights: +€6,349
- Cash -€3,127
down €3,127 (-37.2%), from €8,395 to €5,268
mainly Receivables within one year (-€70,897) and Investment in fixed assets (net) (-€9,706)
- Profit (loss) carried forward +€60,207
up €60,207 (+70.9%), from €84,886 to €145,093
- Tax, wage and social debts +€15,788
up €15,788 (+188%), from €8,412 to €24,200
- Gross operating margin +€80,141
up €80,141 (+1,406%), from €5,700 to €85,840
- Taxes +€20,899
up €20,899 (+1,266%), from €1,651 to €22,550
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 | €126,414 | €202,014 | +€75,600 | +59.8% |
| Fixed assets | 21/28 | €3,291 | €11,232 | +€7,941 | +241% |
| Tangible fixed assets | 22/27 | €3,291 | €11,232 | +€7,941 | +241% |
| Plant, machinery and equipment | 23 | €988 | €656 | -€332 | -33.6% |
| Furniture and vehicles | 24 | €1,812 | €3,736 | +€1,924 | +106% |
| Leasing and similar rights | 25 | €492 | €6,841 | +€6,349 | +1,291% |
| Current assets | 29/58 | €123,123 | €190,782 | +€67,658 | +55.0% |
| Amounts receivable within one year | 40/41 | €114,557 | €185,453 | +€70,897 | +61.9% |
| Trade receivables | 40 | €21,172 | €67,893 | +€46,722 | +221% |
| Other amounts receivable | 41 | €93,385 | €117,560 | +€24,175 | +25.9% |
| Cash at bank and in hand | 54/58 | €8,395 | €5,268 | -€3,127 | -37.2% |
| Deferred charges and accrued income | 490/1 | €171 | €60 | -€111 | -65.0% |
| Total equity and liabilities | 10/49 | €126,414 | €202,014 | +€75,600 | +59.8% |
| Equity | 10/15 | €91,706 | €151,913 | +€60,207 | +65.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,886 | €145,093 | +€60,207 | +70.9% |
| Amounts payable | 17/49 | €34,708 | €50,100 | +€15,392 | +44.3% |
| Amounts payable within one year | 42/48 | €34,708 | €50,100 | +€15,392 | +44.3% |
| Financial debts | 43 | €1,392 | €177 | -€1,215 | -87.3% |
| Credit institutions | 430/8 | €1,392 | €177 | -€1,215 | -87.3% |
| Trade debts | 44 | €24,903 | €25,723 | +€820 | +3.3% |
| Suppliers | 440/4 | €24,903 | €25,723 | +€820 | +3.3% |
| Taxes, remuneration and social security | 45 | €8,412 | €24,200 | +€15,788 | +188% |
| Taxes | 450/3 | €8,412 | €24,200 | +€15,788 | +188% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,250 | €1,765 | +€515 | +41.2% |
| Other operating charges | 640/8 | €256 | €584 | +€328 | +128% |
| Gross operating margin | 9900 | €5,700 | €85,840 | +€80,141 | +1,406% |
| Operating profit (loss) | 9901 | €4,194 | €83,492 | +€79,297 | +1,891% |
| Financial income | 75/76B | €0 | €10 | +€9 | +3,716% |
| Recurring financial income | 75 | €0 | €10 | +€9 | +3,716% |
| Financial charges | 65/66B | €522 | €744 | +€222 | +42.5% |
| Recurring financial charges | 65 | €522 | €744 | +€222 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | €3,672 | €82,757 | +€79,085 | +2,154% |
| Income taxes | 67/77 | €1,651 | €22,550 | +€20,899 | +1,266% |
| Profit (loss) for the period | 9904 | €2,022 | €60,207 | +€58,186 | +2,878% |
| Profit (loss) for the period to be appropriated | 9905 | €2,022 | €60,207 | +€58,186 | +2,878% |
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 29 October 2026 via checked.be.