Arnold HOFFMANN: 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.
Arnold HOFFMANN
Largest movements
- Cash +€78,902
up €78,902 (+13.6%), from €579,711 to €658,613
mainly Net result for the year (+€67,558) and Receivables within one year (+€29,839)
- Receivables within one year -€29,839
down €29,839 (-5.8%), from €517,354 to €487,515
of which Trade receivables: -€30,779
- Profit (loss) carried forward +€67,558
up €67,558 (+8.1%), from €836,663 to €904,221
- Other debts -€12,178
down €12,178 (-8.4%), from €145,144 to €132,966
- Staff costs +€17,772
up €17,772 (+202.9%), from €8,761 to €26,533
- Depreciation -€15,459
no longer reported in 2024 (was €15,459)
- Financial income +€15,400
up €15,400 (+102.1%), from €15,087 to €30,487
- Gross operating margin +€8,634
up €8,634 (+9.6%), from €89,690 to €98,324
- Taxes +€4,516
up €4,516 (+22.2%), from €20,382 to €24,898
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,151,339 | €1,214,680 | +€63,341 | +5.5% |
| Current assets | 29/58 | €1,151,339 | €1,214,680 | +€63,341 | +5.5% |
| Stocks and contracts in progress | 3 | €44,283 | €54,231 | +€9,948 | +22.5% |
| Stocks | 30/36 | €44,283 | €54,231 | +€9,948 | +22.5% |
| Amounts receivable within one year | 40/41 | €517,354 | €487,515 | -€29,839 | -5.8% |
| Trade receivables | 40 | €68,354 | €37,575 | -€30,779 | -45.0% |
| Other amounts receivable | 41 | €449,000 | €449,940 | +€940 | +0.2% |
| Cash at bank and in hand | 54/58 | €579,711 | €658,613 | +€78,902 | +13.6% |
| Deferred charges and accrued income | 490/1 | €9,991 | €14,321 | +€4,330 | +43.3% |
| Total equity and liabilities | 10/49 | €1,151,339 | €1,214,680 | +€63,341 | +5.5% |
| Equity | 10/15 | €891,729 | €959,287 | +€67,558 | +7.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €30,066 | €30,066 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €27,566 | €27,566 | = | 0.0% |
| Profit (loss) carried forward | 14 | €836,663 | €904,221 | +€67,558 | +8.1% |
| Amounts payable | 17/49 | €259,610 | €255,393 | -€4,217 | -1.6% |
| Amounts payable within one year | 42/48 | €228,606 | €223,416 | -€5,190 | -2.3% |
| Trade debts | 44 | €43,764 | €46,907 | +€3,143 | +7.2% |
| Suppliers | 440/4 | €43,764 | €46,907 | +€3,143 | +7.2% |
| Taxes, remuneration and social security | 45 | €39,698 | €43,543 | +€3,845 | +9.7% |
| Taxes | 450/3 | €36,705 | €38,997 | +€2,292 | +6.2% |
| Remuneration and social security | 454/9 | €2,993 | €4,546 | +€1,553 | +51.9% |
| Other amounts payable | 47/48 | €145,144 | €132,966 | -€12,178 | -8.4% |
| Accrued charges and deferred income | 492/3 | €31,004 | €31,977 | +€973 | +3.1% |
| Remuneration, social security and pensions | 62 | €8,761 | €26,533 | +€17,772 | +202.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,459 | - | -€15,459 | |
| Other operating charges | 640/8 | €4,362 | €4,461 | +€99 | +2.3% |
| Gross operating margin | 9900 | €89,690 | €98,324 | +€8,634 | +9.6% |
| Operating profit (loss) | 9901 | €61,108 | €67,330 | +€6,222 | +10.2% |
| Financial income | 75/76B | €15,087 | €30,487 | +€15,400 | +102.1% |
| Recurring financial income | 75 | €15,087 | €30,487 | +€15,400 | +102.1% |
| Financial charges | 65/66B | €4,329 | €5,361 | +€1,032 | +23.8% |
| Recurring financial charges | 65 | €4,329 | €5,361 | +€1,032 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €71,866 | €92,456 | +€20,590 | +28.7% |
| Income taxes | 67/77 | €20,382 | €24,898 | +€4,516 | +22.2% |
| Profit (loss) for the period | 9904 | €51,484 | €67,558 | +€16,074 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,484 | €67,558 | +€16,074 | +31.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.