HOBO: 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.
What changed
HOBO
NACE 38.110, Waste collection, recovery and disposal activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€25,481
2024 · €46,156-€20,675
Equity
€497,994
2024 · €2.4m-€1.9m
Cash
€131,633
2024 · €128,850+€2,784
Balance sheet total
€2.5m
2024 · €2.4m+€38,170
Largest movements
Assets
- Receivables within one year +€35,387
up €35,387 (+2.7%), from €1.3m to €1.3m
of which Other amounts receivable: +€35,387
Equity and liabilities
- Other debts +€1.9m
new in 2025: €1.9m
- Reserves -€1.9m
down €1.9m (-97.5%), from €1.9m to €48,736
of which Distributable reserves: -€1.9m
- Trade debts +€27,446
up €27,446 (+16850.2%), from €163 to €27,608
Income statement
- Services and other goods +€27,880
up €27,880 (+384.9%), from €7,243 to €35,123
- Taxes -€6,865
down €6,865 (-44.7%), from €15,359 to €8,494
of which Taxes: -€6,885
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
€46,156
Services and other goods
-€27,880
Other operating charges
-€8
Financial charges
+€348
Taxes
+€6,865
Result 2025
€25,481
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
+€1.9m
Investment
€0
Financing
-€1.9m
Cash 2024
€128,850
From operations (derived)
+€1.9m
Net result for the year
+€25,481
Receivables within one year
-€35,387
Trade debts
+€27,446
Smaller working-capital items
+€93
Other debts
+€1.9m
Financing
-€1.9m
Debts after one year
-€9,360
Current portion of long-term debt
-€5,489
Contributions, distributions and other
-€1.9m
Cash 2025
€131,633
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,427,181 | €2,465,352 | +€38,170 | +1.6% |
| Fixed assets | 21/28 | €992,977 | €992,977 | = | 0.0% |
| Tangible fixed assets | 22/27 | €688,316 | €688,316 | = | 0.0% |
| Land and buildings | 22 | €631,316 | €631,316 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Other tangible fixed assets | 26 | €57,000 | €57,000 | = | 0.0% |
| Financial fixed assets | 28 | €304,661 | €304,661 | = | 0.0% |
| Affiliated companies | 280/1 | €304,661 | €304,661 | = | 0.0% |
| Participating interests | 280 | €304,661 | €304,661 | = | 0.0% |
| Current assets | 29/58 | €1,434,204 | €1,472,375 | +€38,170 | +2.7% |
| Amounts receivable within one year | 40/41 | €1,305,355 | €1,340,741 | +€35,387 | +2.7% |
| Trade receivables | 40 | €4,235 | €4,235 | = | 0.0% |
| Other amounts receivable | 41 | €1,301,120 | €1,336,506 | +€35,387 | +2.7% |
| Cash at bank and in hand | 54/58 | €128,850 | €131,633 | +€2,784 | +2.2% |
| Total equity and liabilities | 10/49 | €2,427,181 | €2,465,352 | +€38,170 | +1.6% |
| Equity | 10/15 | €2,372,513 | €497,994 | -€1.9m | -79.0% |
| Contributions | 10/11 | €449,257 | €449,257 | = | 0.0% |
| Capital | 10 | €449,257 | €449,257 | = | 0.0% |
| Issued capital | 100 | €449,257 | €449,257 | = | 0.0% |
| Reserves | 13 | €1,923,255 | €48,736 | -€1.9m | -97.5% |
| Non-distributable reserves | 130/1 | €44,926 | €44,926 | = | 0.0% |
| Legal reserve | 130 | €44,926 | €44,926 | = | 0.0% |
| Distributable reserves | 133 | €1,878,330 | €3,811 | -€1.9m | -99.8% |
| Amounts payable | 17/49 | €54,669 | €1,967,358 | +€1.9m | +3498.7% |
| Amounts payable after more than one year | 17 | €33,615 | €24,255 | -€9,360 | -27.8% |
| Financial debts | 170/4 | €33,615 | €24,255 | -€9,360 | -27.8% |
| Credit institutions | 173 | €33,615 | €24,255 | -€9,360 | -27.8% |
| Amounts payable within one year | 42/48 | €16,104 | €1,938,063 | +€1.9m | +11934.6% |
| Current portion of amounts payable after more than one year | 42 | €14,849 | €9,360 | -€5,489 | -37.0% |
| Trade debts | 44 | €163 | €27,608 | +€27,446 | +16850.2% |
| Suppliers | 440/4 | €163 | €27,608 | +€27,446 | +16850.2% |
| Taxes, remuneration and social security | 45 | €1,092 | €1,095 | +€3 | +0.2% |
| Taxes | 450/3 | €1,092 | €1,095 | +€3 | +0.2% |
| Other amounts payable | 47/48 | - | €1,900,000 | +€1.9m | |
| Accrued charges and deferred income | 492/3 | €4,950 | €5,040 | +€90 | +1.8% |
| Operating income | 70/76A | €72,000 | €72,000 | = | 0.0% |
| Turnover | 70 | €42,000 | €42,000 | = | 0.0% |
| Other operating income | 74 | €30,000 | €30,000 | = | 0.0% |
| Operating charges | 60/66A | €9,256 | €37,145 | +€27,888 | +301.3% |
| Services and other goods | 61 | €7,243 | €35,123 | +€27,880 | +384.9% |
| Other operating charges | 640/8 | €2,013 | €2,022 | +€8 | +0.4% |
| Operating profit (loss) | 9901 | €62,744 | €34,855 | -€27,888 | -44.4% |
| Financial charges | 65/66B | €1,229 | €880 | -€348 | -28.4% |
| Recurring financial charges | 65 | €1,229 | €880 | -€348 | -28.4% |
| Other financial charges | 652/9 | €1,229 | €880 | -€348 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €61,515 | €33,975 | -€27,540 | -44.8% |
| Income taxes | 67/77 | €15,359 | €8,494 | -€6,865 | -44.7% |
| Taxes | 670/3 | €15,379 | €8,494 | -€6,885 | -44.8% |
| Tax adjustments and reversals of tax provisions | 77 | €20 | - | -€20 | |
| Profit (loss) for the period | 9904 | €46,156 | €25,481 | -€20,675 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,156 | €25,481 | -€20,675 | -44.8% |
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 12 October 2026 via checked.be.