LE HOGNOUL: 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.
LE HOGNOUL
Largest movements
- Tangible fixed assets -€18,657
down €18,657 (-19.9%), from €93,688 to €75,032
of which Furniture and vehicles: -€9,747
- Receivables within one year +€11,682
up €11,682 (+2,856%), from €409 to €12,092
of which Trade receivables: +€11,315
- Deferred charges and accrued income -€2,316
down €2,316 (-15.1%), from €15,389 to €13,073
- Trade debts +€12,496
up €12,496 (+69.7%), from €17,927 to €30,422
- Debts after one year -€7,947
down €7,947 (-16.1%), from €49,340 to €41,393
- Tax, wage and social debts -€5,038
down €5,038 (-10.6%), from €47,324 to €42,286
of which Taxes: -€4,819
- Accrued charges and deferred income -€4,310
down €4,310 (-29.9%), from €14,393 to €10,083
- Other debts -€3,362
no longer reported in 2025 (was €3,362)
- Gross operating margin +€34,414
up €34,414 (+78.2%), from €43,988 to €78,402
- Staff costs +€9,008
up €9,008 (+22.7%), from €39,641 to €48,649
- Depreciation +€7,120
up €7,120 (+70.9%), from €10,038 to €17,158
- Financial charges +€2,378
up €2,378 (+45.2%), from €5,263 to €7,641
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 | €154,736 | €144,898 | -€9,838 | -6.4% |
| Fixed assets | 21/28 | €93,688 | €75,032 | -€18,657 | -19.9% |
| Tangible fixed assets | 22/27 | €93,688 | €75,032 | -€18,657 | -19.9% |
| Plant, machinery and equipment | 23 | €25,146 | €19,591 | -€5,555 | -22.1% |
| Furniture and vehicles | 24 | €44,596 | €34,848 | -€9,747 | -21.9% |
| Other tangible fixed assets | 26 | €23,947 | €20,593 | -€3,354 | -14.0% |
| Current assets | 29/58 | €61,048 | €69,867 | +€8,819 | +14.4% |
| Stocks and contracts in progress | 3 | €7,803 | €7,513 | -€290 | -3.7% |
| Stocks | 30/36 | €7,803 | €7,513 | -€290 | -3.7% |
| Amounts receivable within one year | 40/41 | €409 | €12,092 | +€11,682 | +2,856% |
| Trade receivables | 40 | €409 | €11,724 | +€11,315 | +2,766% |
| Other amounts receivable | 41 | - | €368 | +€368 | |
| Cash at bank and in hand | 54/58 | €37,446 | €37,189 | -€257 | -0.7% |
| Deferred charges and accrued income | 490/1 | €15,389 | €13,073 | -€2,316 | -15.1% |
| Total equity and liabilities | 10/49 | €154,736 | €144,898 | -€9,838 | -6.4% |
| Equity | 10/15 | €14,795 | €12,767 | -€2,028 | -13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,265 | -€25,293 | -€2,028 | -8.7% |
| Amounts payable | 17/49 | €139,941 | €132,131 | -€7,810 | -5.6% |
| Amounts payable after more than one year | 17 | €49,340 | €41,393 | -€7,947 | -16.1% |
| Financial debts | 170/4 | €49,340 | €41,393 | -€7,947 | -16.1% |
| Amounts payable within one year | 42/48 | €76,208 | €80,655 | +€4,447 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €7,595 | €7,947 | +€351 | +4.6% |
| Trade debts | 44 | €17,927 | €30,422 | +€12,496 | +69.7% |
| Suppliers | 440/4 | €17,927 | €30,422 | +€12,496 | +69.7% |
| Taxes, remuneration and social security | 45 | €47,324 | €42,286 | -€5,038 | -10.6% |
| Taxes | 450/3 | €29,201 | €24,382 | -€4,819 | -16.5% |
| Remuneration and social security | 454/9 | €18,123 | €17,904 | -€219 | -1.2% |
| Other amounts payable | 47/48 | €3,362 | - | -€3,362 | |
| Accrued charges and deferred income | 492/3 | €14,393 | €10,083 | -€4,310 | -29.9% |
| Remuneration, social security and pensions | 62 | €39,641 | €48,649 | +€9,008 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,038 | €17,158 | +€7,120 | +70.9% |
| Other operating charges | 640/8 | €5,538 | €6,129 | +€591 | +10.7% |
| Non-recurring operating charges | 66A | €549 | - | -€549 | |
| Gross operating margin | 9900 | €43,988 | €78,402 | +€34,414 | +78.2% |
| Operating profit (loss) | 9901 | -€11,777 | €6,466 | +€18,243 | |
| Financial income | 75/76B | €48 | €10 | -€37 | -78.1% |
| Recurring financial income | 75 | €48 | €10 | -€37 | -78.1% |
| Financial charges | 65/66B | €5,263 | €7,641 | +€2,378 | +45.2% |
| Recurring financial charges | 65 | €5,263 | €7,641 | +€2,378 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,993 | -€1,164 | +€15,829 | +93.1% |
| Income taxes | 67/77 | €912 | €864 | -€48 | -5.3% |
| Profit (loss) for the period | 9904 | -€17,905 | -€2,028 | +€15,877 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,905 | -€2,028 | +€15,877 | +88.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.