Den Hofman: 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.
Den Hofman
Largest movements
- Tangible fixed assets -€17,192
down €17,192 (-11.2%), from €154,010 to €136,818
of which Land and buildings: -€20,578
- Debts after one year -€22,009
down €22,009 (-31.1%), from €70,660 to €48,651
- Profit (loss) carried forward +€5,990
up €5,990 (+34.6%), from -€17,318 to -€11,328
- Short-term financial debts -€2,720
down €2,720 (-57.9%), from €4,700 to €1,980
- Gross operating margin +€58,737
up €58,737, from -€18,298 to €40,439
- Depreciation +€9,171
up €9,171 (+53.7%), from €17,091 to €26,262
- Financial charges -€1,180
down €1,180 (-18.3%), from €6,457 to €5,277
- Taxes +€965
up €965, from -€688 to €277
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €183,442 | €164,728 | -€18,714 | -10.2% |
| Fixed assets | 21/28 | €154,249 | €137,057 | -€17,192 | -11.1% |
| Tangible fixed assets | 22/27 | €154,010 | €136,818 | -€17,192 | -11.2% |
| Land and buildings | 22 | €144,620 | €124,042 | -€20,578 | -14.2% |
| Plant, machinery and equipment | 23 | €4,400 | €941 | -€3,459 | -78.6% |
| Furniture and vehicles | 24 | €4,990 | €11,835 | +€6,845 | +137% |
| Financial fixed assets | 28 | €239 | €239 | = | 0.0% |
| Current assets | 29/58 | €29,193 | €27,671 | -€1,522 | -5.2% |
| Amounts receivable within one year | 40/41 | €29,043 | €27,521 | -€1,522 | -5.2% |
| Trade receivables | 40 | €7,352 | - | -€7,352 | |
| Other amounts receivable | 41 | €21,691 | €27,521 | +€5,830 | +26.9% |
| Deferred charges and accrued income | 490/1 | €150 | €150 | = | 0.0% |
| Total equity and liabilities | 10/49 | €183,442 | €164,728 | -€18,714 | -10.2% |
| Equity | 10/15 | €80,340 | €86,330 | +€5,990 | +7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,458 | €91,458 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €89,598 | €89,598 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,318 | -€11,328 | +€5,990 | +34.6% |
| Amounts payable | 17/49 | €103,102 | €78,398 | -€24,704 | -24.0% |
| Amounts payable after more than one year | 17 | €70,660 | €48,651 | -€22,009 | -31.1% |
| Financial debts | 170/4 | €70,660 | €48,651 | -€22,009 | -31.1% |
| Amounts payable within one year | 42/48 | €32,217 | €29,522 | -€2,695 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €23,889 | €24,810 | +€921 | +3.9% |
| Financial debts | 43 | €4,700 | €1,980 | -€2,720 | -57.9% |
| Credit institutions | 430/8 | €4,700 | €1,980 | -€2,720 | -57.9% |
| Trade debts | 44 | €2,554 | €1,129 | -€1,425 | -55.8% |
| Suppliers | 440/4 | €2,554 | €1,129 | -€1,425 | -55.8% |
| Taxes, remuneration and social security | 45 | €1,074 | €1,603 | +€529 | +49.3% |
| Taxes | 450/3 | €116 | €360 | +€244 | +210% |
| Remuneration and social security | 454/9 | €958 | €1,243 | +€285 | +29.7% |
| Accrued charges and deferred income | 492/3 | €225 | €225 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,091 | €26,262 | +€9,171 | +53.7% |
| Other operating charges | 640/8 | €2,825 | €2,863 | +€38 | +1.3% |
| Gross operating margin | 9900 | -€18,298 | €40,439 | +€58,737 | |
| Operating profit (loss) | 9901 | -€38,214 | €11,314 | +€49,528 | |
| Financial income | 75/76B | €31 | €230 | +€199 | +642% |
| Recurring financial income | 75 | €31 | €230 | +€199 | +642% |
| Financial charges | 65/66B | €6,457 | €5,277 | -€1,180 | -18.3% |
| Recurring financial charges | 65 | €6,457 | €5,277 | -€1,180 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€44,640 | €6,267 | +€50,907 | |
| Income taxes | 67/77 | -€688 | €277 | +€965 | |
| Profit (loss) for the period | 9904 | -€43,952 | €5,990 | +€49,942 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,952 | €5,990 | +€49,942 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.