d’Hofstede: 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.
d’Hofstede
Largest movements
- Receivables after one year +€11,750
up €11,750 (+37.9%), from €31,000 to €42,750
- Tangible fixed assets -€1,939
down €1,939 (-35.1%), from €5,520 to €3,581
of which Furniture and vehicles: -€1,730
- Deferred charges and accrued income -€1,518
down €1,518 (-14.2%), from €10,686 to €9,168
- Reserves +€6,573
up €6,573 (+15.5%), from €42,356 to €48,929
- Accrued charges and deferred income +€1,360
new in 2025: €1,360
- Gross operating margin -€7,481
down €7,481 (-41.6%), from €18,004 to €10,523
- Financial income +€636
up €636 (+33.6%), from €1,892 to €2,528
- Financial charges +€499
up €499 (+514%), from €97 to €596
- Taxes -€223
down €223 (-7.2%), from €3,109 to €2,886
- Depreciation -€197
down €197 (-9.2%), from €2,136 to €1,939
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 | €53,733 | €62,002 | +€8,268 | +15.4% |
| Fixed assets | 21/28 | €5,520 | €3,581 | -€1,939 | -35.1% |
| Tangible fixed assets | 22/27 | €5,520 | €3,581 | -€1,939 | -35.1% |
| Land and buildings | 22 | €2,555 | €2,346 | -€209 | -8.2% |
| Furniture and vehicles | 24 | €2,965 | €1,235 | -€1,730 | -58.3% |
| Current assets | 29/58 | €48,213 | €58,421 | +€10,208 | +21.2% |
| Amounts receivable after more than one year | 29 | €31,000 | €42,750 | +€11,750 | +37.9% |
| Other amounts receivable | 291 | €31,000 | €42,750 | +€11,750 | +37.9% |
| Amounts receivable within one year | 40/41 | €4,649 | €4,978 | +€329 | +7.1% |
| Other amounts receivable | 41 | €4,649 | €4,978 | +€329 | +7.1% |
| Cash at bank and in hand | 54/58 | €1,878 | €1,525 | -€354 | -18.8% |
| Deferred charges and accrued income | 490/1 | €10,686 | €9,168 | -€1,518 | -14.2% |
| Total equity and liabilities | 10/49 | €53,733 | €62,002 | +€8,268 | +15.4% |
| Equity | 10/15 | €43,856 | €50,429 | +€6,573 | +15.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €42,356 | €48,929 | +€6,573 | +15.5% |
| Distributable reserves | 133 | €42,356 | €48,929 | +€6,573 | +15.5% |
| Amounts payable | 17/49 | €9,877 | €11,572 | +€1,695 | +17.2% |
| Amounts payable within one year | 42/48 | €9,877 | €10,213 | +€335 | +3.4% |
| Trade debts | 44 | €2,090 | €1,921 | -€169 | -8.1% |
| Suppliers | 440/4 | €2,090 | €1,921 | -€169 | -8.1% |
| Taxes, remuneration and social security | 45 | €7,515 | €7,433 | -€83 | -1.1% |
| Taxes | 450/3 | €7,515 | €7,433 | -€83 | -1.1% |
| Other amounts payable | 47/48 | €272 | €859 | +€587 | +216% |
| Accrued charges and deferred income | 492/3 | - | €1,360 | +€1,360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,136 | €1,939 | -€197 | -9.2% |
| Other operating charges | 640/8 | €1,198 | €1,056 | -€142 | -11.9% |
| Gross operating margin | 9900 | €18,004 | €10,523 | -€7,481 | -41.6% |
| Operating profit (loss) | 9901 | €14,670 | €7,528 | -€7,142 | -48.7% |
| Financial income | 75/76B | €1,892 | €2,528 | +€636 | +33.6% |
| Recurring financial income | 75 | €1,892 | €2,528 | +€636 | +33.6% |
| Financial charges | 65/66B | €97 | €596 | +€499 | +514% |
| Recurring financial charges | 65 | €97 | €596 | +€499 | +514% |
| Profit (loss) for the period before taxes | 9903 | €16,465 | €9,460 | -€7,005 | -42.5% |
| Income taxes | 67/77 | €3,109 | €2,886 | -€223 | -7.2% |
| Profit (loss) for the period | 9904 | €13,356 | €6,573 | -€6,783 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,356 | €6,573 | -€6,783 | -50.8% |
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 27 October 2026 via checked.be.