ANN HOFMANN: 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.
ANN HOFMANN
Largest movements
- Receivables within one year -€26,633
no longer reported in 2025 (was €26,633)
of which Other amounts receivable: -€14,473
- Reserves +€126,474
up €126,474 (+46.8%), from €270,518 to €396,992
- Other debts -€85,790
down €85,790 (-33.3%), from €257,418 to €171,628
- Debts after one year -€78,717
down €78,717 (-10.2%), from €773,834 to €695,117
- Financial income +€100,000
up €100,000 (+22,222,122%), from €0 to €100,000
- Gross operating margin +€31,924
up €31,924 (+98.8%), from €32,319 to €64,243
- Taxes +€8,456
up €8,456 (+402%), from €2,102 to €10,558
- Financial charges -€1,336
down €1,336 (-5.1%), from €26,022 to €24,686
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 | €1,407,227 | €1,371,623 | -€35,604 | -2.5% |
| Fixed assets | 21/28 | €1,352,800 | €1,351,953 | -€848 | -0.1% |
| Tangible fixed assets | 22/27 | €2,800 | €1,953 | -€848 | -30.3% |
| Furniture and vehicles | 24 | €2,800 | €1,953 | -€848 | -30.3% |
| Financial fixed assets | 28 | €1,350,000 | €1,350,000 | = | 0.0% |
| Current assets | 29/58 | €54,427 | €19,671 | -€34,756 | -63.9% |
| Amounts receivable within one year | 40/41 | €26,633 | - | -€26,633 | |
| Trade receivables | 40 | €12,160 | - | -€12,160 | |
| Other amounts receivable | 41 | €14,473 | - | -€14,473 | |
| Cash at bank and in hand | 54/58 | €27,561 | €17,578 | -€9,983 | -36.2% |
| Deferred charges and accrued income | 490/1 | €233 | €2,093 | +€1,860 | +797% |
| Total equity and liabilities | 10/49 | €1,407,227 | €1,371,623 | -€35,604 | -2.5% |
| Equity | 10/15 | €282,918 | €409,392 | +€126,474 | +44.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €270,518 | €396,992 | +€126,474 | +46.8% |
| Distributable reserves | 133 | €270,518 | €396,992 | +€126,474 | +46.8% |
| Amounts payable | 17/49 | €1,124,309 | €962,231 | -€162,078 | -14.4% |
| Amounts payable after more than one year | 17 | €773,834 | €695,117 | -€78,717 | -10.2% |
| Financial debts | 170/4 | €773,834 | €695,117 | -€78,717 | -10.2% |
| Amounts payable within one year | 42/48 | €343,344 | €260,521 | -€82,823 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €77,029 | €78,717 | +€1,688 | +2.2% |
| Trade debts | 44 | €287 | €1,090 | +€803 | +280% |
| Suppliers | 440/4 | €287 | €1,090 | +€803 | +280% |
| Taxes, remuneration and social security | 45 | €8,609 | €9,085 | +€476 | +5.5% |
| Taxes | 450/3 | €6,109 | €6,585 | +€476 | +7.8% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €257,418 | €171,628 | -€85,790 | -33.3% |
| Accrued charges and deferred income | 492/3 | €7,132 | €6,594 | -€538 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €814 | €848 | +€33 | +4.1% |
| Other operating charges | 640/8 | €1,145 | €1,678 | +€532 | +46.5% |
| Gross operating margin | 9900 | €32,319 | €64,243 | +€31,924 | +98.8% |
| Operating profit (loss) | 9901 | €30,359 | €61,718 | +€31,358 | +103% |
| Financial income | 75/76B | €0 | €100,000 | +€100,000 | +22,222,122% |
| Recurring financial income | 75 | €0 | €100,000 | +€100,000 | +22,222,122% |
| Financial charges | 65/66B | €26,022 | €24,686 | -€1,336 | -5.1% |
| Recurring financial charges | 65 | €26,022 | €24,686 | -€1,336 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €4,338 | €137,032 | +€132,694 | +3,059% |
| Income taxes | 67/77 | €2,102 | €10,558 | +€8,456 | +402% |
| Profit (loss) for the period | 9904 | €2,236 | €126,474 | +€124,238 | +5,556% |
| Profit (loss) for the period to be appropriated | 9905 | €2,236 | €126,474 | +€124,238 | +5,556% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.