't Hoog: what changed
Two fiscal 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.
What changed
't Hoog
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€770,720
2024 · €4.7m-€3.9m
Equity
€67.1m
2024 · €68.3m-€1.2m
Cash
€1.5m
2024 · €10.7m-€9.2m
Balance sheet total
€67.4m
2024 · €68.5m-€1.1m
Largest movements
Assets
- Cash -€9.2m
down €9.2m (-85.8%), from €10.7m to €1.5m
mainly Current investments (-€7.4m) and Contributions, distributions and other (-€2.0m)
- Current investments +€7.4m
up €7.4m (+14.4%), from €51.4m to €58.9m
Equity and liabilities
- Profit (loss) carried forward -€1.2m
down €1.2m (-1.8%), from €68.2m to €66.9m
Income statement
- Other operating income -€3.0m
no longer reported in 2025 (was €3.0m)
- Taxes -€1.4m
down €1.4m (-85.7%), from €1.6m to €229,930
of which Taxes: -€1.4m
- Financial income -€893,724
down €893,724 (-34.1%), from €2.6m to €1.7m
- Turnover -€570,000
down €570,000 (-95.0%), from €600,000 to €30,000
- Provisions +€538,088
no longer reported in 2025 (was -€538,088)
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.
Result 2024
€4.7m
Turnover
-€570,000
Other operating income
-€3.0m
Services and other goods
-€299,497
Staff costs
+€9,232
Provisions
-€538,088
Other operating charges
-€2,029
Other operating items
-€964
Financial income
-€893,724
Financial charges
+€31,748
Taxes
+€1.4m
Result 2025
€770,720
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.
From operations
+€806,585
Investment
-€8.0m
Financing
-€2.0m
Cash 2024
€10.7m
From operations (derived)
+€806,585
Net result for the year
+€770,720
Receivables within one year
-€93,711
Trade debts
+€345,101
Tax, wage and social debts
-€215,525
Investment (derived)
-€8.0m
Investment in fixed assets (net)
-€540,190
Current investments
-€7.4m
Financing
-€2.0m
Contributions, distributions and other
-€2.0m
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,540,564 | €67,440,859 | -€1.1m | -1.6% |
| Fixed assets | 21/28 | €6,147,250 | €6,687,440 | +€540,190 | +8.8% |
| Tangible fixed assets | 22/27 | - | €540,190 | +€540,190 | |
| Land and buildings | 22 | - | €540,190 | +€540,190 | |
| Financial fixed assets | 28 | €6,147,250 | €6,147,250 | = | 0.0% |
| Affiliated companies | 280/1 | €6,147,250 | €6,147,250 | = | 0.0% |
| Participating interests | 280 | €6,147,250 | €6,147,250 | = | 0.0% |
| Current assets | 29/58 | €62,393,314 | €60,753,419 | -€1.6m | -2.6% |
| Amounts receivable within one year | 40/41 | €278,013 | €371,723 | +€93,711 | +33.7% |
| Trade receivables | 40 | €60,530 | €13,025 | -€47,505 | -78.5% |
| Other amounts receivable | 41 | €217,483 | €358,698 | +€141,216 | +64.9% |
| Current investments | 50/53 | €51,431,376 | €58,859,249 | +€7.4m | +14.4% |
| Other investments | 51/53 | €51,431,376 | €58,859,249 | +€7.4m | +14.4% |
| Cash at bank and in hand | 54/58 | €10,683,925 | €1,522,447 | -€9.2m | -85.8% |
| Total equity and liabilities | 10/49 | €68,540,564 | €67,440,859 | -€1.1m | -1.6% |
| Equity | 10/15 | €68,284,539 | €67,055,259 | -€1.2m | -1.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,163,039 | €66,933,759 | -€1.2m | -1.8% |
| Amounts payable | 17/49 | €256,025 | €385,600 | +€129,576 | +50.6% |
| Amounts payable within one year | 42/48 | €256,025 | €385,600 | +€129,576 | +50.6% |
| Trade debts | 44 | €32,306 | €377,407 | +€345,101 | +1068.2% |
| Suppliers | 440/4 | €32,306 | €377,407 | +€345,101 | +1068.2% |
| Taxes, remuneration and social security | 45 | €223,719 | €8,194 | -€215,525 | -96.3% |
| Taxes | 450/3 | €223,719 | €8,194 | -€215,525 | -96.3% |
| Operating income | 70/76A | €3,601,211 | €30,000 | -€3.6m | -99.2% |
| Turnover | 70 | €600,000 | €30,000 | -€570,000 | -95.0% |
| Other operating income | 74 | €3,000,247 | - | -€3.0m | |
| Non-recurring operating income | 76A | €964 | - | -€964 | |
| Operating charges | 60/66A | -€243,930 | €586,452 | +€830,382 | |
| Services and other goods | 61 | €280,170 | €579,666 | +€299,497 | +106.9% |
| Remuneration, social security and pensions | 62 | €9,232 | - | -€9,232 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€538,088 | - | +€538,088 | |
| Other operating charges | 640/8 | €4,757 | €6,786 | +€2,029 | +42.7% |
| Operating profit (loss) | 9901 | €3,845,141 | -€556,452 | -€4.4m | |
| Financial income | 75/76B | €2,623,363 | €1,729,639 | -€893,724 | -34.1% |
| Recurring financial income | 75 | €2,623,363 | €1,729,639 | -€893,724 | -34.1% |
| Income from current assets | 751 | €2,566,708 | €1,729,639 | -€837,069 | -32.6% |
| Other financial income | 752/9 | €56,655 | - | -€56,655 | |
| Financial charges | 65/66B | €204,284 | €172,537 | -€31,748 | -15.5% |
| Recurring financial charges | 65 | €204,284 | €172,537 | -€31,748 | -15.5% |
| Debt charges | 650 | €31,986 | - | -€31,986 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €146,718 | €42,986 | -€103,732 | -70.7% |
| Other financial charges | 652/9 | €25,581 | €129,551 | +€103,970 | +406.4% |
| Profit (loss) for the period before taxes | 9903 | €6,264,219 | €1,000,650 | -€5.3m | -84.0% |
| Income taxes | 67/77 | €1,611,293 | €229,930 | -€1.4m | -85.7% |
| Taxes | 670/3 | €1,612,253 | €230,019 | -€1.4m | -85.7% |
| Tax adjustments and reversals of tax provisions | 77 | €961 | €89 | -€871 | -90.7% |
| Profit (loss) for the period | 9904 | €4,652,926 | €770,720 | -€3.9m | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,652,926 | €770,720 | -€3.9m | -83.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.