Dr. Mathias Hoffmann: what changed
Two fiscal 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. Mathias Hoffmann
Largest movements
- Cash +€14,929
up €14,929 (+110.9%), from €13,460 to €28,389
mainly Net result for the year (+€19,811) and Tax, wage and social debts (+€3,541)
- Financial fixed assets +€2,775
new in 2025: €2,775
- Deferred charges and accrued income +€2,326
up €2,326 (+49.8%), from €4,668 to €6,995
- Reserves +€19,811
up €19,811 (+244.6%), from €8,101 to €27,912
- Tax, wage and social debts +€3,541
up €3,541 (+150.9%), from €2,347 to €5,888
- Other debts -€1,499
no longer reported in 2025 (was €1,499)
- Accrued charges and deferred income -€1,420
down €1,420 (-69.2%), from €2,051 to €631
- Trade debts -€619
down €619 (-36.2%), from €1,708 to €1,089
- Gross operating margin +€16,482
up €16,482 (+150.6%), from €10,940 to €27,422
- Taxes +€3,916
up €3,916 (+166.8%), from €2,347 to €6,263
- Financial charges +€372
up €372 (+1418.1%), from €26 to €398
- Other operating charges +€339
up €339 (+86.2%), from €394 to €733
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.
Cash bridge derived
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 | €18,706 | €38,520 | +€19,814 | +105.9% |
| Fixed assets | 21/28 | €578 | €3,136 | +€2,558 | +442.8% |
| Tangible fixed assets | 22/27 | €578 | €361 | -€217 | -37.5% |
| Furniture and vehicles | 24 | €578 | €361 | -€217 | -37.5% |
| Financial fixed assets | 28 | - | €2,775 | +€2,775 | |
| Current assets | 29/58 | €18,128 | €35,384 | +€17,255 | +95.2% |
| Cash at bank and in hand | 54/58 | €13,460 | €28,389 | +€14,929 | +110.9% |
| Deferred charges and accrued income | 490/1 | €4,668 | €6,995 | +€2,326 | +49.8% |
| Total equity and liabilities | 10/49 | €18,706 | €38,520 | +€19,814 | +105.9% |
| Equity | 10/15 | €11,101 | €30,912 | +€19,811 | +178.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,101 | €27,912 | +€19,811 | +244.6% |
| Distributable reserves | 133 | €8,101 | €27,912 | +€19,811 | +244.6% |
| Amounts payable | 17/49 | €7,605 | €7,608 | +€3 | 0.0% |
| Amounts payable within one year | 42/48 | €5,554 | €6,977 | +€1,423 | +25.6% |
| Trade debts | 44 | €1,708 | €1,089 | -€619 | -36.2% |
| Suppliers | 440/4 | €1,708 | €1,089 | -€619 | -36.2% |
| Taxes, remuneration and social security | 45 | €2,347 | €5,888 | +€3,541 | +150.9% |
| Taxes | 450/3 | €2,347 | €5,888 | +€3,541 | +150.9% |
| Other amounts payable | 47/48 | €1,499 | - | -€1,499 | |
| Accrued charges and deferred income | 492/3 | €2,051 | €631 | -€1,420 | -69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72 | €217 | +€144 | +200.0% |
| Other operating charges | 640/8 | €394 | €733 | +€339 | +86.2% |
| Gross operating margin | 9900 | €10,940 | €27,422 | +€16,482 | +150.6% |
| Operating profit (loss) | 9901 | €10,474 | €26,472 | +€15,998 | +152.7% |
| Financial charges | 65/66B | €26 | €398 | +€372 | +1418.1% |
| Recurring financial charges | 65 | €26 | €398 | +€372 | +1418.1% |
| Profit (loss) for the period before taxes | 9903 | €10,448 | €26,074 | +€15,626 | +149.6% |
| Income taxes | 67/77 | €2,347 | €6,263 | +€3,916 | +166.8% |
| Profit (loss) for the period | 9904 | €8,101 | €19,811 | +€11,710 | +144.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,101 | €19,811 | +€11,710 | +144.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.