DE HOEF 1627: 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.
DE HOEF 1627
Largest movements
- Cash +€229,482
up €229,482 (+42.8%), from €536,273 to €765,755
mainly Net result for the year (+€194,354) and Receivables after one year (+€156,189)
- Receivables after one year -€156,189
down €156,189 (-44.7%), from €349,785 to €193,596
- Receivables within one year +€28,375
up €28,375 (+398%), from €7,121 to €35,496
of which Trade receivables: +€24,255
- Deferred charges and accrued income -€15,740
down €15,740 (-100%), from €15,740 to €0
- Reserves +€193,466
up €193,466 (+35.4%), from €546,553 to €740,019
of which Distributable reserves: +€205,125
- Trade debts -€169,895
down €169,895 (-55.4%), from €306,435 to €136,540
- Tax, wage and social debts +€47,718
up €47,718 (+54.7%), from €87,249 to €134,967
of which Taxes: +€46,037
- Other debts +€15,500
up €15,500 (+116%), from €13,330 to €28,830
- Gross operating margin +€159,452
up €159,452 (+21.9%), from €728,775 to €888,227
- Staff costs +€88,244
up €88,244 (+18.0%), from €490,472 to €578,716
- Taxes +€16,499
up €16,499 (+31.7%), from €52,091 to €68,590
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 | €1,103,801 | €1,185,183 | +€81,382 | +7.4% |
| Fixed assets | 21/28 | €180,385 | €182,266 | +€1,881 | +1.0% |
| Tangible fixed assets | 22/27 | €179,646 | €181,527 | +€1,881 | +1.0% |
| Plant, machinery and equipment | 23 | €52,605 | €38,549 | -€14,056 | -26.7% |
| Furniture and vehicles | 24 | €22,321 | €13,350 | -€8,971 | -40.2% |
| Other tangible fixed assets | 26 | €104,720 | €129,627 | +€24,907 | +23.8% |
| Financial fixed assets | 28 | €740 | €740 | = | 0.0% |
| Current assets | 29/58 | €923,416 | €1,002,917 | +€79,501 | +8.6% |
| Amounts receivable after more than one year | 29 | €349,785 | €193,596 | -€156,189 | -44.7% |
| Other amounts receivable | 291 | €349,785 | €193,596 | -€156,189 | -44.7% |
| Stocks and contracts in progress | 3 | €14,496 | €8,071 | -€6,425 | -44.3% |
| Stocks | 30/36 | €14,496 | €8,071 | -€6,425 | -44.3% |
| Amounts receivable within one year | 40/41 | €7,121 | €35,496 | +€28,375 | +398% |
| Trade receivables | 40 | €7,121 | €31,376 | +€24,255 | +341% |
| Other amounts receivable | 41 | - | €4,120 | +€4,120 | |
| Cash at bank and in hand | 54/58 | €536,273 | €765,755 | +€229,482 | +42.8% |
| Deferred charges and accrued income | 490/1 | €15,740 | €0 | -€15,740 | -100% |
| Total equity and liabilities | 10/49 | €1,103,801 | €1,185,183 | +€81,382 | +7.4% |
| Equity | 10/15 | €659,823 | €847,985 | +€188,162 | +28.5% |
| Contributions | 10/11 | €81,250 | €81,250 | = | 0.0% |
| Capital | 10 | €81,250 | €81,250 | = | 0.0% |
| Issued capital | 100 | €81,250 | €81,250 | = | 0.0% |
| Reserves | 13 | €546,553 | €740,019 | +€193,466 | +35.4% |
| Non-distributable reserves | 130/1 | €8,125 | €0 | -€8,125 | -100% |
| Legal reserve | 130 | €8,125 | €0 | -€8,125 | -100% |
| Tax-exempt reserves | 132 | €22,928 | €19,394 | -€3,534 | -15.4% |
| Distributable reserves | 133 | €515,500 | €720,625 | +€205,125 | +39.8% |
| Profit (loss) carried forward | 14 | €51 | €939 | +€888 | +1,752% |
| Investment grants | 15 | €31,969 | €25,777 | -€6,192 | -19.4% |
| Provisions and deferred taxes | 16 | €18,299 | €15,057 | -€3,242 | -17.7% |
| Deferred taxes | 168 | €18,299 | €15,057 | -€3,242 | -17.7% |
| Amounts payable | 17/49 | €425,680 | €322,141 | -€103,538 | -24.3% |
| Amounts payable within one year | 42/48 | €425,680 | €318,686 | -€106,993 | -25.1% |
| Financial debts | 43 | €18,350 | €18,350 | = | 0.0% |
| Credit institutions | 430/8 | €18,350 | €18,350 | = | 0.0% |
| Trade debts | 44 | €306,435 | €136,540 | -€169,895 | -55.4% |
| Suppliers | 440/4 | €306,435 | €136,540 | -€169,895 | -55.4% |
| Advances received on contracts in progress | 46 | €316 | €0 | -€316 | -100% |
| Taxes, remuneration and social security | 45 | €87,249 | €134,967 | +€47,718 | +54.7% |
| Taxes | 450/3 | €32,272 | €78,309 | +€46,037 | +143% |
| Remuneration and social security | 454/9 | €54,977 | €56,658 | +€1,681 | +3.1% |
| Other amounts payable | 47/48 | €13,330 | €28,830 | +€15,500 | +116% |
| Accrued charges and deferred income | 492/3 | - | €3,455 | +€3,455 | |
| Non-recurring operating income | 76A | €309 | €0 | -€309 | -100% |
| Remuneration, social security and pensions | 62 | €490,472 | €578,716 | +€88,244 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,620 | €43,693 | +€8,073 | +22.7% |
| Other operating charges | 640/8 | €5,995 | €1,887 | -€4,108 | -68.5% |
| Gross operating margin | 9900 | €728,775 | €888,227 | +€159,452 | +21.9% |
| Operating profit (loss) | 9901 | €196,688 | €263,930 | +€67,242 | +34.2% |
| Financial income | 75/76B | €16,882 | €14,451 | -€2,431 | -14.4% |
| Recurring financial income | 75 | €16,882 | €14,451 | -€2,431 | -14.4% |
| Financial charges | 65/66B | €14,594 | €18,679 | +€4,085 | +28.0% |
| Recurring financial charges | 65 | €14,594 | €18,679 | +€4,085 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | €198,976 | €259,703 | +€60,727 | +30.5% |
| Transfer from deferred taxes | 780 | €3,242 | €3,242 | = | 0.0% |
| Income taxes | 67/77 | €52,091 | €68,590 | +€16,499 | +31.7% |
| Profit (loss) for the period | 9904 | €150,127 | €194,354 | +€44,227 | +29.5% |
| Transfer from tax-exempt reserves | 789 | €3,534 | €3,534 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €153,661 | €197,888 | +€44,227 | +28.8% |
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 26 October 2026 via checked.be.