Hof Beheer: 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.
Hof Beheer
Largest movements
- Receivables within one year +€2.2m
up €2.2m (+62.6%), from €3.6m to €5.8m
of which Other amounts receivable: +€2.2m
- Cash -€447,714
down €447,714 (-99.9%), from €448,283 to €568
mainly Receivables within one year (-€2.2m) and Trade debts (-€12,615)
- Profit (loss) carried forward +€1.2m
up €1.2m (+15.2%), from €8.0m to €9.2m
- Debts after one year +€500,000
new in 2025: €500,000
- Financial income +€669,454
up €669,454 (+120%), from €560,107 to €1.2m
- Taxes -€53,638
down €53,638 (-99.9%), from €53,712 to €75
- Gross operating margin -€24,636
down €24,636 (-45.6%), from €54,058 to €29,422
- Financial charges +€20,527
up €20,527 (+410%), from €5,009 to €25,536
- Other operating charges -€1,244
down €1,244 (-52.7%), from €2,363 to €1,118
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.
Derived cash bridge
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 | €13,938,425 | €15,668,558 | +€1.7m | +12.4% |
| Fixed assets | 21/28 | €8,860,259 | €8,843,509 | -€16,750 | -0.2% |
| Tangible fixed assets | 22/27 | €50,250 | €33,500 | -€16,750 | -33.3% |
| Furniture and vehicles | 24 | €50,250 | €33,500 | -€16,750 | -33.3% |
| Financial fixed assets | 28 | €8,810,009 | €8,810,009 | = | 0.0% |
| Current assets | 29/58 | €5,078,165 | €6,825,049 | +€1.7m | +34.4% |
| Amounts receivable after more than one year | 29 | €1,041,311 | €990,439 | -€50,872 | -4.9% |
| Other amounts receivable | 291 | €1,041,311 | €990,439 | -€50,872 | -4.9% |
| Amounts receivable within one year | 40/41 | €3,588,571 | €5,834,042 | +€2.2m | +62.6% |
| Trade receivables | 40 | €11,955 | €12,583 | +€628 | +5.3% |
| Other amounts receivable | 41 | €3,576,617 | €5,821,458 | +€2.2m | +62.8% |
| Cash at bank and in hand | 54/58 | €448,283 | €568 | -€447,714 | -99.9% |
| Total equity and liabilities | 10/49 | €13,938,425 | €15,668,558 | +€1.7m | +12.4% |
| Equity | 10/15 | €13,563,090 | €14,778,593 | +€1.2m | +9.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,536,330 | €5,536,330 | = | 0.0% |
| Distributable reserves | 133 | €5,536,330 | €5,536,330 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,006,760 | €9,222,263 | +€1.2m | +15.2% |
| Amounts payable | 17/49 | €375,334 | €889,965 | +€514,631 | +137% |
| Amounts payable after more than one year | 17 | - | €500,000 | +€500,000 | |
| Financial debts | 170/4 | - | €500,000 | +€500,000 | |
| Amounts payable within one year | 42/48 | €375,334 | €389,965 | +€14,631 | +3.9% |
| Trade debts | 44 | €12,997 | €382 | -€12,615 | -97.1% |
| Suppliers | 440/4 | €12,997 | €382 | -€12,615 | -97.1% |
| Taxes, remuneration and social security | 45 | €53,708 | €57,189 | +€3,482 | +6.5% |
| Taxes | 450/3 | €53,708 | €53,782 | +€75 | +0.1% |
| Remuneration and social security | 454/9 | - | €3,407 | +€3,407 | |
| Other amounts payable | 47/48 | €308,630 | €332,394 | +€23,764 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,750 | €16,750 | = | 0.0% |
| Other operating charges | 640/8 | €2,363 | €1,118 | -€1,244 | -52.7% |
| Gross operating margin | 9900 | €54,058 | €29,422 | -€24,636 | -45.6% |
| Operating profit (loss) | 9901 | €34,945 | €11,553 | -€23,392 | -66.9% |
| Financial income | 75/76B | €560,107 | €1,229,561 | +€669,454 | +120% |
| Recurring financial income | 75 | €560,107 | €1,229,561 | +€669,454 | +120% |
| Financial charges | 65/66B | €5,009 | €25,536 | +€20,527 | +410% |
| Recurring financial charges | 65 | €5,009 | €25,536 | +€20,527 | +410% |
| Profit (loss) for the period before taxes | 9903 | €590,043 | €1,215,578 | +€625,535 | +106% |
| Income taxes | 67/77 | €53,712 | €75 | -€53,638 | -99.9% |
| Profit (loss) for the period | 9904 | €536,330 | €1,215,503 | +€679,173 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €536,330 | €1,215,503 | +€679,173 | +127% |
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 29 October 2026 via checked.be.