Hoefmink: 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.
Hoefmink
Largest movements
- Cash +€136,439
up €136,439 (+290%), from €47,105 to €183,544
- Tangible fixed assets +€58,566
up €58,566 (+58.0%), from €101,005 to €159,572
of which Furniture and vehicles: +€49,307
- Stocks and contracts -€7,910
down €7,910 (-5.6%), from €141,120 to €133,210
- Receivables within one year +€6,698
up €6,698 (+23.5%), from €28,497 to €35,195
of which Other amounts receivable: +€32,063
- Reserves +€248,406
up €248,406 (+399%), from €62,235 to €310,641
- Profit (loss) carried forward +€183,006
no longer reported in 2025 (was -€183,006)
- Other debts -€151,927
down €151,927 (-94.2%), from €161,241 to €9,313
- Short-term financial debts -€76,144
no longer reported in 2025 (was €76,144)
- Trade debts -€5,899
down €5,899 (-62.1%), from €9,502 to €3,604
- Gross operating margin +€520,784
up €520,784 (+1,602%), from €32,517 to €553,301
- Taxes +€90,823
up €90,823 (+5,731%), from €1,585 to €92,408
- Depreciation +€7,722
up €7,722 (+458%), from €1,688 to €9,409
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €320,152 | €515,267 | +€195,115 | +60.9% |
| Fixed assets | 21/28 | €101,005 | €159,572 | +€58,566 | +58.0% |
| Tangible fixed assets | 22/27 | €101,005 | €159,572 | +€58,566 | +58.0% |
| Land and buildings | 22 | €96,806 | €96,806 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,574 | €10,833 | +€9,259 | +588% |
| Furniture and vehicles | 24 | €2,625 | €51,932 | +€49,307 | +1,878% |
| Current assets | 29/58 | €219,147 | €355,696 | +€136,549 | +62.3% |
| Stocks and contracts in progress | 3 | €141,120 | €133,210 | -€7,910 | -5.6% |
| Stocks | 30/36 | €141,120 | €133,210 | -€7,910 | -5.6% |
| Amounts receivable within one year | 40/41 | €28,497 | €35,195 | +€6,698 | +23.5% |
| Trade receivables | 40 | €25,393 | €28 | -€25,366 | -99.9% |
| Other amounts receivable | 41 | €3,104 | €35,167 | +€32,063 | +1,033% |
| Cash at bank and in hand | 54/58 | €47,105 | €183,544 | +€136,439 | +290% |
| Deferred charges and accrued income | 490/1 | €2,425 | €3,747 | +€1,322 | +54.5% |
| Total equity and liabilities | 10/49 | €320,152 | €515,267 | +€195,115 | +60.9% |
| Equity | 10/15 | €66,292 | €497,705 | +€431,413 | +651% |
| Contributions | 10/11 | €180,100 | €180,100 | = | 0.0% |
| Revaluation surpluses | 12 | €6,963 | €6,963 | = | 0.0% |
| Reserves | 13 | €62,235 | €310,641 | +€248,406 | +399% |
| Distributable reserves | 133 | €62,235 | €310,641 | +€248,406 | +399% |
| Profit (loss) carried forward | 14 | -€183,006 | - | +€183,006 | |
| Amounts payable | 17/49 | €253,860 | €17,563 | -€236,298 | -93.1% |
| Amounts payable within one year | 42/48 | €248,947 | €14,446 | -€234,501 | -94.2% |
| Financial debts | 43 | €76,144 | - | -€76,144 | |
| Credit institutions | 430/8 | €76,144 | - | -€76,144 | |
| Trade debts | 44 | €9,502 | €3,604 | -€5,899 | -62.1% |
| Suppliers | 440/4 | €9,502 | €3,604 | -€5,899 | -62.1% |
| Taxes, remuneration and social security | 45 | €2,060 | €1,529 | -€531 | -25.8% |
| Taxes | 450/3 | €2,060 | €1,529 | -€531 | -25.8% |
| Other amounts payable | 47/48 | €161,241 | €9,313 | -€151,927 | -94.2% |
| Accrued charges and deferred income | 492/3 | €4,914 | €3,117 | -€1,797 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,688 | €9,409 | +€7,722 | +458% |
| Other operating charges | 640/8 | €2,672 | €4,588 | +€1,916 | +71.7% |
| Gross operating margin | 9900 | €32,517 | €553,301 | +€520,784 | +1,602% |
| Operating profit (loss) | 9901 | €28,157 | €539,304 | +€511,147 | +1,815% |
| Financial income | 75/76B | - | €244 | +€244 | |
| Recurring financial income | 75 | - | €244 | +€244 | |
| Financial charges | 65/66B | €13,317 | €15,727 | +€2,410 | +18.1% |
| Recurring financial charges | 65 | €13,317 | €15,727 | +€2,410 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €14,840 | €523,820 | +€508,980 | +3,430% |
| Income taxes | 67/77 | €1,585 | €92,408 | +€90,823 | +5,731% |
| Profit (loss) for the period | 9904 | €13,255 | €431,413 | +€418,157 | +3,155% |
| Profit (loss) for the period to be appropriated | 9905 | €13,255 | €431,413 | +€418,157 | +3,155% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.