De Hofmeesters: 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 Hofmeesters
Largest movements
- Tangible fixed assets +€13,136
up €13,136 (+37.6%), from €34,942 to €48,079
of which Plant, machinery and equipment: +€13,018
- Stocks and contracts +€10,693
up €10,693 (+63.7%), from €16,791 to €27,484
- Cash +€2,726
up €2,726 (+4.6%), from €59,485 to €62,211
mainly Net result for the year (+€16,298) and Trade debts (+€16,194)
- Reserves +€16,298
up €16,298 (+38.6%), from €42,238 to €58,536
- Trade debts +€16,194
up €16,194 (+167%), from €9,684 to €25,878
- Other debts -€8,844
down €8,844 (-66.3%), from €13,332 to €4,488
- Advances received +€6,518
new in 2025: €6,518
- Debts after one year -€5,198
down €5,198 (-53.8%), from €9,667 to €4,469
- Gross operating margin +€17,618
up €17,618 (+13.5%), from €130,568 to €148,186
- Staff costs +€17,373
up €17,373 (+20.0%), from €87,053 to €104,426
- Taxes +€1,931
up €1,931 (+39.3%), from €4,913 to €6,843
- Depreciation +€1,893
up €1,893 (+18.2%), from €10,390 to €12,284
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 | €111,619 | €138,785 | +€27,166 | +24.3% |
| Fixed assets | 21/28 | €35,343 | €48,480 | +€13,136 | +37.2% |
| Tangible fixed assets | 22/27 | €34,942 | €48,079 | +€13,136 | +37.6% |
| Plant, machinery and equipment | 23 | €23,607 | €36,626 | +€13,018 | +55.1% |
| Furniture and vehicles | 24 | €11,335 | €8,109 | -€3,227 | -28.5% |
| Assets under construction and advance payments | 27 | - | €3,344 | +€3,344 | |
| Financial fixed assets | 28 | €401 | €401 | = | 0.0% |
| Current assets | 29/58 | €76,275 | €90,305 | +€14,030 | +18.4% |
| Stocks and contracts in progress | 3 | €16,791 | €27,484 | +€10,693 | +63.7% |
| Stocks | 30/36 | €16,791 | €27,484 | +€10,693 | +63.7% |
| Amounts receivable within one year | 40/41 | - | €610 | +€610 | |
| Other amounts receivable | 41 | - | €610 | +€610 | |
| Cash at bank and in hand | 54/58 | €59,485 | €62,211 | +€2,726 | +4.6% |
| Total equity and liabilities | 10/49 | €111,619 | €138,785 | +€27,166 | +24.3% |
| Equity | 10/15 | €52,322 | €68,620 | +€16,298 | +31.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,238 | €58,536 | +€16,298 | +38.6% |
| Distributable reserves | 133 | €42,238 | €58,536 | +€16,298 | +38.6% |
| Profit (loss) carried forward | 14 | €3,884 | €3,884 | = | 0.0% |
| Amounts payable | 17/49 | €59,297 | €70,165 | +€10,868 | +18.3% |
| Amounts payable after more than one year | 17 | €9,667 | €4,469 | -€5,198 | -53.8% |
| Financial debts | 170/4 | €9,667 | €4,469 | -€5,198 | -53.8% |
| Amounts payable within one year | 42/48 | €49,630 | €65,696 | +€16,066 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €5,023 | €5,198 | +€175 | +3.5% |
| Trade debts | 44 | €9,684 | €25,878 | +€16,194 | +167% |
| Suppliers | 440/4 | €9,684 | €25,878 | +€16,194 | +167% |
| Advances received on contracts in progress | 46 | - | €6,518 | +€6,518 | |
| Taxes, remuneration and social security | 45 | €21,592 | €23,614 | +€2,023 | +9.4% |
| Taxes | 450/3 | €19,018 | €22,412 | +€3,395 | +17.9% |
| Remuneration and social security | 454/9 | €2,574 | €1,202 | -€1,372 | -53.3% |
| Other amounts payable | 47/48 | €13,332 | €4,488 | -€8,844 | -66.3% |
| Remuneration, social security and pensions | 62 | €87,053 | €104,426 | +€17,373 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,390 | €12,284 | +€1,893 | +18.2% |
| Other operating charges | 640/8 | €2,452 | €2,969 | +€517 | +21.1% |
| Gross operating margin | 9900 | €130,568 | €148,186 | +€17,618 | +13.5% |
| Operating profit (loss) | 9901 | €30,673 | €28,508 | -€2,166 | -7.1% |
| Financial income | 75/76B | €68 | €103 | +€35 | +50.8% |
| Recurring financial income | 75 | €68 | €103 | +€35 | +50.8% |
| Financial charges | 65/66B | €4,986 | €5,469 | +€483 | +9.7% |
| Recurring financial charges | 65 | €4,986 | €5,469 | +€483 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €25,756 | €23,141 | -€2,614 | -10.2% |
| Income taxes | 67/77 | €4,913 | €6,843 | +€1,931 | +39.3% |
| Profit (loss) for the period | 9904 | €20,843 | €16,298 | -€4,545 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,843 | €16,298 | -€4,545 | -21.8% |
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 28 October 2026 via checked.be.