HOEFMAN TIM: what changed
What changed
HOEFMAN TIM
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€62,001
2024 · €120,599-€58,598
Equity
€706,159
2024 · €902,432-€196,273
Cash
€494,685
2024 · €340,892+€153,792
Balance sheet total
€1.8m
2024 · €997,216+€812,063
Largest movements
Assets
- Stocks and contracts +€805,000
up €805,000 (+836%), from €96,250 to €901,250
- Cash +€153,792
up €153,792 (+45.1%), from €340,892 to €494,685
mainly Debts after one year (+€711,402) and Other debts (+€258,274)
- Receivables within one year -€132,194
down €132,194 (-27.1%), from €486,930 to €354,736
of which Other amounts receivable: -€80,366
Equity and liabilities
- Debts after one year +€711,402
up €711,402 (+3,210%), from €22,165 to €733,568
- Other debts +€258,274
new in 2025: €258,274
- Reserves -€196,273
down €196,273 (-24.1%), from €812,905 to €616,632
- Trade debts +€51,570
up €51,570 (+387%), from €13,338 to €64,908
Income statement
- Gross operating margin -€59,111
down €59,111 (-23.7%), from €249,601 to €190,490
- Other operating charges +€32,613
up €32,613 (+849%), from €3,841 to €36,454
- Taxes -€26,704
down €26,704 (-53.1%), from €50,320 to €23,615
- Depreciation -€7,721
down €7,721 (-32.4%), from €23,821 to €16,100
- Staff costs +€3,028
up €3,028 (+6.1%), from €49,428 to €52,456
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€120,599
Gross operating margin
-€59,111
Staff costs
-€3,028
Depreciation
+€7,721
Other operating charges
-€32,613
Financial income
+€1,143
Financial charges
+€585
Taxes
+€26,704
Result 2025
€62,001
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€289,844
Investment
€0
Financing
+€443,637
Cash 2024
€340,892
From operations (derived)
-€289,844
Net result for the year
+€62,001
Depreciation
+€16,100
Stocks and contracts
-€805,000
Receivables within one year
+€132,194
Deferred charges and accrued income
-€1,564
Trade debts
+€51,570
Tax, wage and social debts
-€3,419
Other debts
+€258,274
Financing
+€443,637
Debts after one year
+€711,402
Current portion of long-term debt
+€581
Short-term financial debts
-€10,071
Contributions, distributions and other
-€258,274
Cash 2025
€494,685
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €997,216 | €1,809,279 | +€812,063 | +81.4% |
| Fixed assets | 21/28 | €67,874 | €51,774 | -€16,100 | -23.7% |
| Tangible fixed assets | 22/27 | €66,973 | €50,873 | -€16,100 | -24.0% |
| Furniture and vehicles | 24 | €66,973 | €50,873 | -€16,100 | -24.0% |
| Financial fixed assets | 28 | €901 | €901 | = | 0.0% |
| Current assets | 29/58 | €929,343 | €1,757,506 | +€828,163 | +89.1% |
| Stocks and contracts in progress | 3 | €96,250 | €901,250 | +€805,000 | +836% |
| Stocks | 30/36 | €96,250 | €901,250 | +€805,000 | +836% |
| Amounts receivable within one year | 40/41 | €486,930 | €354,736 | -€132,194 | -27.1% |
| Trade receivables | 40 | €198,168 | €146,340 | -€51,828 | -26.2% |
| Other amounts receivable | 41 | €288,762 | €208,397 | -€80,366 | -27.8% |
| Cash at bank and in hand | 54/58 | €340,892 | €494,685 | +€153,792 | +45.1% |
| Deferred charges and accrued income | 490/1 | €5,270 | €6,834 | +€1,564 | +29.7% |
| Total equity and liabilities | 10/49 | €997,216 | €1,809,279 | +€812,063 | +81.4% |
| Equity | 10/15 | €902,432 | €706,159 | -€196,273 | -21.7% |
| Contributions | 10/11 | €16,600 | €16,600 | = | 0.0% |
| Reserves | 13 | €812,905 | €616,632 | -€196,273 | -24.1% |
| Distributable reserves | 133 | €812,905 | €616,632 | -€196,273 | -24.1% |
| Profit (loss) carried forward | 14 | €72,927 | €72,927 | = | 0.0% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €84,784 | €1,093,120 | +€1.0m | +1,189% |
| Amounts payable after more than one year | 17 | €22,165 | €733,568 | +€711,402 | +3,210% |
| Financial debts | 170/4 | €22,165 | €733,568 | +€711,402 | +3,210% |
| Amounts payable within one year | 42/48 | €62,619 | €359,553 | +€296,934 | +474% |
| Current portion of amounts payable after more than one year | 42 | €12,517 | €13,098 | +€581 | +4.6% |
| Financial debts | 43 | €23,539 | €13,468 | -€10,071 | -42.8% |
| Credit institutions | 430/8 | €23,539 | €13,468 | -€10,071 | -42.8% |
| Trade debts | 44 | €13,338 | €64,908 | +€51,570 | +387% |
| Suppliers | 440/4 | €13,338 | €64,908 | +€51,570 | +387% |
| Taxes, remuneration and social security | 45 | €13,224 | €9,805 | -€3,419 | -25.9% |
| Taxes | 450/3 | €2,598 | €5,089 | +€2,491 | +95.9% |
| Remuneration and social security | 454/9 | €10,626 | €4,716 | -€5,910 | -55.6% |
| Other amounts payable | 47/48 | - | €258,274 | +€258,274 | |
| Remuneration, social security and pensions | 62 | €49,428 | €52,456 | +€3,028 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,821 | €16,100 | -€7,721 | -32.4% |
| Other operating charges | 640/8 | €3,841 | €36,454 | +€32,613 | +849% |
| Gross operating margin | 9900 | €249,601 | €190,490 | -€59,111 | -23.7% |
| Operating profit (loss) | 9901 | €172,511 | €85,480 | -€87,030 | -50.4% |
| Financial income | 75/76B | €1,478 | €2,621 | +€1,143 | +77.3% |
| Recurring financial income | 75 | €1,478 | €2,621 | +€1,143 | +77.3% |
| Financial charges | 65/66B | €3,070 | €2,485 | -€585 | -19.1% |
| Recurring financial charges | 65 | €3,070 | €2,485 | -€585 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €170,918 | €85,616 | -€85,302 | -49.9% |
| Income taxes | 67/77 | €50,320 | €23,615 | -€26,704 | -53.1% |
| Profit (loss) for the period | 9904 | €120,599 | €62,001 | -€58,598 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €120,599 | €62,001 | -€58,598 | -48.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.