HOEFNIX: 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.
HOEFNIX
Largest movements
- Receivables within one year +€46,634
up €46,634 (+179.3%), from €26,008 to €72,642
- Tangible fixed assets -€14,923
down €14,923 (-21.2%), from €70,238 to €55,315
of which Plant, machinery and equipment: -€12,110
- Stocks and contracts -€7,338
down €7,338 (-2.8%), from €263,164 to €255,826
- Debts after one year +€196,051
up €196,051 (+59.4%), from €330,200 to €526,251
- Profit (loss) carried forward -€157,292
down €157,292 (-453.8%), from -€34,658 to -€191,950
- Tax, wage and social debts -€15,178
down €15,178 (-72.9%), from €20,822 to €5,644
of which Taxes: -€17,181
- Gross operating margin -€100,218
down €100,218 (-1755.5%), from -€5,709 to -€105,927
- Staff costs +€28,098
up €28,098 (+548.6%), from €5,122 to €33,220
- Other operating charges -€2,905
down €2,905 (-54.7%), from €5,306 to €2,401
- Depreciation -€1,993
down €1,993 (-11.0%), from €18,181 to €16,188
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 | €359,608 | €384,750 | +€25,142 | +7.0% |
| Fixed assets | 21/28 | €70,238 | €55,315 | -€14,923 | -21.2% |
| Tangible fixed assets | 22/27 | €70,238 | €55,315 | -€14,923 | -21.2% |
| Land and buildings | 22 | €15,009 | €14,736 | -€273 | -1.8% |
| Plant, machinery and equipment | 23 | €45,704 | €33,594 | -€12,110 | -26.5% |
| Furniture and vehicles | 24 | €9,525 | €6,985 | -€2,540 | -26.7% |
| Current assets | 29/58 | €289,370 | €329,435 | +€40,065 | +13.8% |
| Stocks and contracts in progress | 3 | €263,164 | €255,826 | -€7,338 | -2.8% |
| Stocks | 30/36 | €263,164 | €255,826 | -€7,338 | -2.8% |
| Amounts receivable within one year | 40/41 | €26,008 | €72,642 | +€46,634 | +179.3% |
| Trade receivables | 40 | €26,008 | €72,642 | +€46,634 | +179.3% |
| Cash at bank and in hand | 54/58 | €198 | €967 | +€769 | +387.8% |
| Total equity and liabilities | 10/49 | €359,608 | €384,750 | +€25,142 | +7.0% |
| Equity | 10/15 | -€24,658 | -€181,950 | -€157,292 | -637.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,658 | -€191,950 | -€157,292 | -453.8% |
| Amounts payable | 17/49 | €384,266 | €566,700 | +€182,434 | +47.5% |
| Amounts payable after more than one year | 17 | €330,200 | €526,251 | +€196,051 | +59.4% |
| Financial debts | 170/4 | €330,200 | €526,251 | +€196,051 | +59.4% |
| Amounts payable within one year | 42/48 | €54,066 | €40,448 | -€13,618 | -25.2% |
| Trade debts | 44 | €33,199 | €34,804 | +€1,605 | +4.8% |
| Suppliers | 440/4 | €33,199 | €34,804 | +€1,605 | +4.8% |
| Taxes, remuneration and social security | 45 | €20,822 | €5,644 | -€15,178 | -72.9% |
| Taxes | 450/3 | €19,566 | €2,385 | -€17,181 | -87.8% |
| Remuneration and social security | 454/9 | €1,256 | €3,260 | +€2,004 | +159.5% |
| Other amounts payable | 47/48 | €45 | - | -€45 | |
| Remuneration, social security and pensions | 62 | €5,122 | €33,220 | +€28,098 | +548.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,181 | €16,188 | -€1,993 | -11.0% |
| Other operating charges | 640/8 | €5,306 | €2,401 | -€2,905 | -54.7% |
| Gross operating margin | 9900 | -€5,709 | -€105,927 | -€100,218 | -1755.5% |
| Operating profit (loss) | 9901 | -€34,317 | -€157,736 | -€123,419 | -359.6% |
| Financial income | 75/76B | €83 | €1,132 | +€1,049 | +1263.3% |
| Recurring financial income | 75 | €83 | €1,132 | +€1,049 | +1263.3% |
| Financial charges | 65/66B | €424 | €687 | +€263 | +62.1% |
| Recurring financial charges | 65 | €424 | €687 | +€263 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | -€34,658 | -€157,292 | -€122,633 | -353.8% |
| Profit (loss) for the period | 9904 | -€34,658 | -€157,292 | -€122,633 | -353.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,658 | -€157,292 | -€122,633 | -353.8% |
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 12 October 2026 via checked.be.