HOEFKENS TIM: 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.
HOEFKENS TIM
Largest movements
- Tangible fixed assets +€141,029
new in 2025: €141,029
of which Leasing and similar rights: +€131,877
- Receivables within one year +€111,115
up €111,115 (+351.7%), from €31,591 to €142,705
of which Other amounts receivable: +€61,115
- Cash +€96,723
up €96,723 (+152.9%), from €63,262 to €159,985
mainly Net result for the year (+€144,203) and Debts after one year (+€104,661)
- Stocks and contracts -€5,750
down €5,750 (-100.0%), from €5,750 to €0
- Reserves +€218,952
new in 2025: €218,952
- Debts after one year +€104,661
new in 2025: €104,661
- Profit (loss) carried forward -€74,749
down €74,749 (-100.0%), from €74,749 to €0
- Short-term financial debts +€40,000
new in 2025: €40,000
- Trade debts +€26,096
up €26,096 (+3003.0%), from €869 to €26,965
- Gross operating margin +€125,278
up €125,278 (+174.7%), from €71,727 to €197,005
- Taxes +€29,690
up €29,690 (+182.0%), from €16,311 to €46,001
- Depreciation +€5,865
new in 2025: €5,865
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 | €100,603 | €445,610 | +€345,007 | +342.9% |
| Fixed assets | 21/28 | - | €141,079 | +€141,079 | |
| Tangible fixed assets | 22/27 | - | €141,029 | +€141,029 | |
| Plant, machinery and equipment | 23 | - | €1,676 | +€1,676 | |
| Furniture and vehicles | 24 | - | €7,476 | +€7,476 | |
| Leasing and similar rights | 25 | - | €131,877 | +€131,877 | |
| Financial fixed assets | 28 | - | €50 | +€50 | |
| Current assets | 29/58 | €100,603 | €304,531 | +€203,928 | +202.7% |
| Stocks and contracts in progress | 3 | €5,750 | €0 | -€5,750 | -100.0% |
| Stocks | 30/36 | €5,750 | €0 | -€5,750 | -100.0% |
| Amounts receivable within one year | 40/41 | €31,591 | €142,705 | +€111,115 | +351.7% |
| Trade receivables | 40 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 41 | €31,591 | €92,705 | +€61,115 | +193.5% |
| Cash at bank and in hand | 54/58 | €63,262 | €159,985 | +€96,723 | +152.9% |
| Deferred charges and accrued income | 490/1 | - | €1,840 | +€1,840 | |
| Total equity and liabilities | 10/49 | €100,603 | €445,610 | +€345,007 | +342.9% |
| Equity | 10/15 | €77,749 | €221,952 | +€144,203 | +185.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €218,952 | +€218,952 | |
| Distributable reserves | 133 | - | €218,952 | +€218,952 | |
| Profit (loss) carried forward | 14 | €74,749 | €0 | -€74,749 | -100.0% |
| Amounts payable | 17/49 | €22,854 | €223,658 | +€200,804 | +878.6% |
| Amounts payable after more than one year | 17 | - | €104,661 | +€104,661 | |
| Financial debts | 170/4 | - | €104,661 | +€104,661 | |
| Amounts payable within one year | 42/48 | €22,854 | €118,997 | +€96,143 | +420.7% |
| Current portion of amounts payable after more than one year | 42 | - | €25,834 | +€25,834 | |
| Financial debts | 43 | - | €40,000 | +€40,000 | |
| Credit institutions | 430/8 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €869 | €26,965 | +€26,096 | +3003.0% |
| Suppliers | 440/4 | €869 | €26,965 | +€26,096 | +3003.0% |
| Taxes, remuneration and social security | 45 | €21,873 | €25,913 | +€4,040 | +18.5% |
| Taxes | 450/3 | €21,873 | €25,913 | +€4,040 | +18.5% |
| Other amounts payable | 47/48 | €112 | €285 | +€173 | +154.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,865 | +€5,865 | |
| Other operating charges | 640/8 | €1,019 | €738 | -€280 | -27.5% |
| Gross operating margin | 9900 | €71,727 | €197,005 | +€125,278 | +174.7% |
| Operating profit (loss) | 9901 | €70,708 | €190,402 | +€119,693 | +169.3% |
| Financial income | 75/76B | €801 | €1,404 | +€602 | +75.1% |
| Recurring financial income | 75 | €801 | €1,404 | +€602 | +75.1% |
| Financial charges | 65/66B | €547 | €1,601 | +€1,054 | +192.8% |
| Recurring financial charges | 65 | €547 | €1,601 | +€1,054 | +192.8% |
| Profit (loss) for the period before taxes | 9903 | €70,963 | €190,204 | +€119,241 | +168.0% |
| Income taxes | 67/77 | €16,311 | €46,001 | +€29,690 | +182.0% |
| Profit (loss) for the period | 9904 | €54,652 | €144,203 | +€89,551 | +163.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,652 | €144,203 | +€89,551 | +163.9% |
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 10 October 2026 via checked.be.