J. HOSKENS: 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.
J. HOSKENS
Largest movements
- Tangible fixed assets -€18,700
down €18,700 (-3.6%), from €522,972 to €504,272
of which Land and buildings: -€18,107
- Cash +€12,748
up €12,748 (+4.5%), from €282,278 to €295,026
mainly Other debts (+€300,000) and Depreciation (+€26,504)
- Receivables within one year -€12,169
down €12,169 (-19.6%), from €62,087 to €49,918
of which Trade receivables: -€12,000
- Profit (loss) carried forward -€308,073
down €308,073 (-41.3%), from €745,924 to €437,851
- Other debts +€300,000
new in 2025: €300,000
- Gross operating margin +€13,730
up €13,730 (+301%), from €4,565 to €18,295
- Depreciation +€2,912
up €2,912 (+12.3%), from €23,592 to €26,504
- Financial income -€2,903
down €2,903 (-42.7%), from €6,798 to €3,895
- Other operating charges -€1,342
down €1,342 (-28.1%), from €4,776 to €3,434
- Taxes +€250
new in 2025: €250
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 | €1,164,645 | €1,156,250 | -€8,395 | -0.7% |
| Fixed assets | 21/28 | €522,972 | €504,272 | -€18,700 | -3.6% |
| Tangible fixed assets | 22/27 | €522,972 | €504,272 | -€18,700 | -3.6% |
| Land and buildings | 22 | €518,787 | €500,680 | -€18,107 | -3.5% |
| Plant, machinery and equipment | 23 | €4,185 | €3,592 | -€593 | -14.2% |
| Current assets | 29/58 | €641,673 | €651,978 | +€10,305 | +1.6% |
| Amounts receivable within one year | 40/41 | €62,087 | €49,918 | -€12,169 | -19.6% |
| Trade receivables | 40 | €12,000 | - | -€12,000 | |
| Other amounts receivable | 41 | €50,087 | €49,918 | -€169 | -0.3% |
| Current investments | 50/53 | €297,308 | €300,034 | +€2,726 | +0.9% |
| Cash at bank and in hand | 54/58 | €282,278 | €295,026 | +€12,748 | +4.5% |
| Deferred charges and accrued income | 490/1 | - | €7,000 | +€7,000 | |
| Total equity and liabilities | 10/49 | €1,164,645 | €1,156,250 | -€8,395 | -0.7% |
| Equity | 10/15 | €1,164,083 | €856,010 | -€308,073 | -26.5% |
| Contributions | 10/11 | €27,280 | €27,280 | = | 0.0% |
| Reserves | 13 | €390,879 | €390,879 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,879 | €40,879 | = | 0.0% |
| Distributable reserves | 133 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €745,924 | €437,851 | -€308,073 | -41.3% |
| Amounts payable | 17/49 | €562 | €300,240 | +€299,678 | +53,323% |
| Amounts payable within one year | 42/48 | €562 | €300,240 | +€299,678 | +53,323% |
| Trade debts | 44 | €562 | €240 | -€322 | -57.3% |
| Suppliers | 440/4 | €562 | €240 | -€322 | -57.3% |
| Other amounts payable | 47/48 | - | €300,000 | +€300,000 | |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,592 | €26,504 | +€2,912 | +12.3% |
| Other operating charges | 640/8 | €4,776 | €3,434 | -€1,342 | -28.1% |
| Gross operating margin | 9900 | €4,565 | €18,295 | +€13,730 | +301% |
| Operating profit (loss) | 9901 | -€23,803 | -€11,643 | +€12,160 | +51.1% |
| Financial income | 75/76B | €6,798 | €3,895 | -€2,903 | -42.7% |
| Recurring financial income | 75 | €6,798 | €3,895 | -€2,903 | -42.7% |
| Financial charges | 65/66B | €74 | €75 | +€1 | +1.4% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,079 | -€7,823 | +€9,256 | +54.2% |
| Income taxes | 67/77 | - | €250 | +€250 | |
| Profit (loss) for the period | 9904 | -€17,079 | -€8,073 | +€9,006 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,079 | -€8,073 | +€9,006 | +52.7% |
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 24 October 2026 via checked.be.