HODIECON: 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.
HODIECON
Largest movements
- Cash +€66,082
up €66,082 (+2356.4%), from €2,804 to €68,886
mainly Net result for the year (+€57,645) and Receivables within one year (+€34,102)
- Receivables within one year -€34,102
down €34,102 (-25.3%), from €134,785 to €100,682
of which Other amounts receivable: -€53,256
- Tangible fixed assets -€9,432
down €9,432 (-16.4%), from €57,623 to €48,191
of which Furniture and vehicles: -€17,535
- Reserves +€57,645
up €57,645 (+47.5%), from €121,462 to €179,107
- Other debts -€30,164
down €30,164 (-100.0%), from €30,164 to €0
- Trade debts +€9,020
up €9,020 (+629.4%), from €1,433 to €10,453
- Debts after one year -€4,603
down €4,603 (-100.0%), from €4,603 to €0
- Current portion of long-term debt -€4,540
down €4,540 (-49.7%), from €9,143 to €4,603
- Gross operating margin +€25,759
up €25,759 (+41.7%), from €61,829 to €87,589
- Depreciation +€9,728
up €9,728 (+97.6%), from €9,966 to €19,694
- Financial income +€8,000
new in 2025: €8,000
- Taxes +€1,237
up €1,237 (+7.5%), from €16,396 to €17,633
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €195,212 | €217,759 | +€22,548 | +11.6% |
| Fixed assets | 21/28 | €57,623 | €48,191 | -€9,432 | -16.4% |
| Tangible fixed assets | 22/27 | €57,623 | €48,191 | -€9,432 | -16.4% |
| Plant, machinery and equipment | 23 | - | €8,103 | +€8,103 | |
| Furniture and vehicles | 24 | €57,623 | €40,088 | -€17,535 | -30.4% |
| Current assets | 29/58 | €137,589 | €169,568 | +€31,980 | +23.2% |
| Amounts receivable within one year | 40/41 | €134,785 | €100,682 | -€34,102 | -25.3% |
| Trade receivables | 40 | €77,440 | €96,593 | +€19,153 | +24.7% |
| Other amounts receivable | 41 | €57,345 | €4,089 | -€53,256 | -92.9% |
| Cash at bank and in hand | 54/58 | €2,804 | €68,886 | +€66,082 | +2356.4% |
| Total equity and liabilities | 10/49 | €195,212 | €217,759 | +€22,548 | +11.6% |
| Equity | 10/15 | €125,462 | €183,107 | +€57,645 | +45.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €121,462 | €179,107 | +€57,645 | +47.5% |
| Distributable reserves | 133 | €121,462 | €179,107 | +€57,645 | +47.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €69,749 | €34,652 | -€35,097 | -50.3% |
| Amounts payable after more than one year | 17 | €4,603 | €0 | -€4,603 | -100.0% |
| Financial debts | 170/4 | €4,603 | €0 | -€4,603 | -100.0% |
| Amounts payable within one year | 42/48 | €62,146 | €34,652 | -€27,494 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €9,143 | €4,603 | -€4,540 | -49.7% |
| Trade debts | 44 | €1,433 | €10,453 | +€9,020 | +629.4% |
| Suppliers | 440/4 | €1,433 | €10,453 | +€9,020 | +629.4% |
| Taxes, remuneration and social security | 45 | €21,406 | €19,596 | -€1,810 | -8.5% |
| Taxes | 450/3 | €21,406 | €19,596 | -€1,810 | -8.5% |
| Other amounts payable | 47/48 | €30,164 | €0 | -€30,164 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,000 | €0 | -€3,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,966 | €19,694 | +€9,728 | +97.6% |
| Other operating charges | 640/8 | €588 | €475 | -€114 | -19.3% |
| Gross operating margin | 9900 | €61,829 | €87,589 | +€25,759 | +41.7% |
| Operating profit (loss) | 9901 | €51,275 | €67,419 | +€16,145 | +31.5% |
| Financial income | 75/76B | - | €8,000 | +€8,000 | |
| Recurring financial income | 75 | - | €8,000 | +€8,000 | |
| Financial charges | 65/66B | €225 | €142 | -€83 | -37.0% |
| Recurring financial charges | 65 | €225 | €142 | -€83 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €51,050 | €75,278 | +€24,228 | +47.5% |
| Income taxes | 67/77 | €16,396 | €17,633 | +€1,237 | +7.5% |
| Profit (loss) for the period | 9904 | €34,654 | €57,645 | +€22,991 | +66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,654 | €57,645 | +€22,991 | +66.3% |
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 8 October 2026 via checked.be.