JP HOGGE: what changed
JP HOGGE
Largest movements
- Receivables within one year -€35,566
down €35,566 (-35.2%), from €100,916 to €65,350
of which Trade receivables: -€39,345
- Tangible fixed assets +€30,718
up €30,718 (+1,313%), from €2,340 to €33,058
of which Furniture and vehicles: +€27,585
- Cash +€28,038
up €28,038 (+136%), from €20,638 to €48,675
mainly Other debts (+€130,162) and Net result for the year (+€87,002)
- Current investments +€14,811
up €14,811 (+26.8%), from €55,332 to €70,142
- Other debts +€130,162
up €130,162 (+251%), from €51,783 to €181,945
- Reserves -€99,289
no longer reported in 2025 (was €99,289)
- Debts after one year +€15,215
new in 2025: €15,215
- Tax, wage and social debts -€14,952
down €14,952 (-75.1%), from €19,908 to €4,957
- Current portion of long-term debt +€8,742
new in 2025: €8,742
- Financial income -€10,286
down €10,286 (-91.5%), from €11,237 to €951
- Depreciation +€2,941
up €2,941 (+337%), from €872 to €3,812
- Taxes -€1,704
down €1,704 (-5.5%), from €31,125 to €29,421
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,500 | €219,479 | +€38,979 | +21.6% |
| Fixed assets | 21/28 | €2,340 | €33,058 | +€30,718 | +1,313% |
| Tangible fixed assets | 22/27 | €2,340 | €33,058 | +€30,718 | +1,313% |
| Plant, machinery and equipment | 23 | €1,353 | €4,486 | +€3,133 | +231% |
| Furniture and vehicles | 24 | €986 | €28,571 | +€27,585 | +2,797% |
| Current assets | 29/58 | €178,160 | €186,421 | +€8,261 | +4.6% |
| Amounts receivable within one year | 40/41 | €100,916 | €65,350 | -€35,566 | -35.2% |
| Trade receivables | 40 | €100,916 | €61,571 | -€39,345 | -39.0% |
| Other amounts receivable | 41 | - | €3,779 | +€3,779 | |
| Current investments | 50/53 | €55,332 | €70,142 | +€14,811 | +26.8% |
| Cash at bank and in hand | 54/58 | €20,638 | €48,675 | +€28,038 | +136% |
| Deferred charges and accrued income | 490/1 | €1,275 | €2,254 | +€978 | +76.7% |
| Total equity and liabilities | 10/49 | €180,500 | €219,479 | +€38,979 | +21.6% |
| Equity | 10/15 | €104,289 | €5,000 | -€99,289 | -95.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €99,289 | - | -€99,289 | |
| Distributable reserves | 133 | €99,289 | - | -€99,289 | |
| Amounts payable | 17/49 | €76,211 | €214,479 | +€138,268 | +181% |
| Amounts payable after more than one year | 17 | - | €15,215 | +€15,215 | |
| Financial debts | 170/4 | - | €15,215 | +€15,215 | |
| Amounts payable within one year | 42/48 | €72,318 | €195,774 | +€123,456 | +171% |
| Current portion of amounts payable after more than one year | 42 | - | €8,742 | +€8,742 | |
| Trade debts | 44 | €626 | €130 | -€496 | -79.2% |
| Suppliers | 440/4 | €626 | €130 | -€496 | -79.2% |
| Taxes, remuneration and social security | 45 | €19,908 | €4,957 | -€14,952 | -75.1% |
| Taxes | 450/3 | €19,908 | €4,957 | -€14,952 | -75.1% |
| Other amounts payable | 47/48 | €51,783 | €181,945 | +€130,162 | +251% |
| Accrued charges and deferred income | 492/3 | €3,894 | €3,490 | -€403 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €872 | €3,812 | +€2,941 | +337% |
| Other operating charges | 640/8 | €965 | €772 | -€193 | -20.0% |
| Gross operating margin | 9900 | €125,025 | €124,142 | -€883 | -0.7% |
| Operating profit (loss) | 9901 | €123,189 | €119,557 | -€3,632 | -2.9% |
| Financial income | 75/76B | €11,237 | €951 | -€10,286 | -91.5% |
| Recurring financial income | 75 | €11,237 | €951 | -€10,286 | -91.5% |
| Financial charges | 65/66B | €4,012 | €4,085 | +€73 | +1.8% |
| Recurring financial charges | 65 | €4,012 | €4,085 | +€73 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €130,414 | €116,423 | -€13,990 | -10.7% |
| Income taxes | 67/77 | €31,125 | €29,421 | -€1,704 | -5.5% |
| Profit (loss) for the period | 9904 | €99,289 | €87,002 | -€12,287 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €99,289 | €87,002 | -€12,287 | -12.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.