DR. HOFMAN I.: 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.
DR. HOFMAN I.
Largest movements
- Current investments +€126,680
up €126,680 (+41.8%), from €303,320 to €430,000
- Cash -€103,591
down €103,591 (-27.2%), from €381,043 to €277,452
mainly Contributions, distributions and other (-€439,162) and Current investments (-€126,680)
- Tangible fixed assets +€28,303
up €28,303 (+17.9%), from €158,310 to €186,613
of which Furniture and vehicles: +€28,303
- Other debts +€344,978
up €344,978 (+995%), from €34,656 to €379,633
- Reserves -€311,699
down €311,699 (-28.5%), from €1.1m to €783,584
of which Distributable reserves: -€311,699
- Tax, wage and social debts +€34,016
up €34,016 (+469%), from €7,252 to €41,268
of which Taxes: +€26,113
- Financial charges +€45,999
up €45,999 (+31,564%), from €146 to €46,144
- Gross operating margin +€24,103
up €24,103 (+12.5%), from €192,387 to €216,490
- Taxes -€7,527
down €7,527 (-12.6%), from €59,968 to €52,442
- Depreciation +€5,606
up €5,606 (+6,936%), from €81 to €5,687
- Financial income +€4,549
up €4,549 (+35.8%), from €12,706 to €17,255
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 | €1,162,039 | €1,231,247 | +€69,208 | +6.0% |
| Fixed assets | 21/28 | €161,310 | €189,613 | +€28,303 | +17.5% |
| Tangible fixed assets | 22/27 | €158,310 | €186,613 | +€28,303 | +17.9% |
| Land and buildings | 22 | €139,500 | €139,500 | = | 0.0% |
| Furniture and vehicles | 24 | €18,810 | €47,113 | +€28,303 | +150% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €1,000,729 | €1,041,634 | +€40,905 | +4.1% |
| Amounts receivable within one year | 40/41 | €313,618 | €325,225 | +€11,607 | +3.7% |
| Other amounts receivable | 41 | €313,618 | €325,225 | +€11,607 | +3.7% |
| Current investments | 50/53 | €303,320 | €430,000 | +€126,680 | +41.8% |
| Cash at bank and in hand | 54/58 | €381,043 | €277,452 | -€103,591 | -27.2% |
| Deferred charges and accrued income | 490/1 | €2,748 | €8,956 | +€6,208 | +226% |
| Total equity and liabilities | 10/49 | €1,162,039 | €1,231,247 | +€69,208 | +6.0% |
| Equity | 10/15 | €1,116,274 | €804,575 | -€311,699 | -27.9% |
| Contributions | 10/11 | €20,991 | €20,991 | = | 0.0% |
| Reserves | 13 | €1,095,283 | €783,584 | -€311,699 | -28.5% |
| Non-distributable reserves | 130/1 | €72,973 | €72,973 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €72,973 | +€72,973 | |
| Other | 1319 | €72,973 | - | -€72,973 | |
| Tax-exempt reserves | 132 | €17,550 | €17,550 | = | 0.0% |
| Distributable reserves | 133 | €1,004,760 | €693,061 | -€311,699 | -31.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,765 | €426,672 | +€380,907 | +832% |
| Amounts payable within one year | 42/48 | €44,765 | €425,672 | +€380,907 | +851% |
| Trade debts | 44 | €2,858 | €4,770 | +€1,913 | +66.9% |
| Suppliers | 440/4 | €2,858 | €4,770 | +€1,913 | +66.9% |
| Taxes, remuneration and social security | 45 | €7,252 | €41,268 | +€34,016 | +469% |
| Taxes | 450/3 | €7,252 | €33,365 | +€26,113 | +360% |
| Remuneration and social security | 454/9 | €0 | €7,904 | +€7,904 | |
| Other amounts payable | 47/48 | €34,656 | €379,633 | +€344,978 | +995% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €4,431 | +€4,431 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81 | €5,687 | +€5,606 | +6,936% |
| Other operating charges | 640/8 | €3,886 | €2,009 | -€1,877 | -48.3% |
| Gross operating margin | 9900 | €192,387 | €216,490 | +€24,103 | +12.5% |
| Operating profit (loss) | 9901 | €188,420 | €208,794 | +€20,374 | +10.8% |
| Financial income | 75/76B | €12,706 | €17,255 | +€4,549 | +35.8% |
| Recurring financial income | 75 | €12,706 | €17,255 | +€4,549 | +35.8% |
| Financial charges | 65/66B | €146 | €46,144 | +€45,999 | +31,564% |
| Recurring financial charges | 65 | €146 | €46,144 | +€45,999 | +31,564% |
| Profit (loss) for the period before taxes | 9903 | €200,980 | €179,905 | -€21,076 | -10.5% |
| Income taxes | 67/77 | €59,968 | €52,442 | -€7,527 | -12.6% |
| Profit (loss) for the period | 9904 | €141,012 | €127,463 | -€13,549 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €141,012 | €127,463 | -€13,549 | -9.6% |
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.