HOF CONSULTING: 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 CONSULTING
Largest movements
- Cash -€260,438
down €260,438 (-93.5%), from €278,671 to €18,232
mainly Contributions, distributions and other (-€463,554) and Tax, wage and social debts (-€8,640)
- Receivables within one year -€15,830
down €15,830 (-29.5%), from €53,699 to €37,869
of which Trade receivables: -€31,246
- Reserves -€305,417
down €305,417 (-100%), from €305,417 to €0
- Other debts +€38,137
up €38,137, from €0 to €38,137
- Tax, wage and social debts -€8,640
down €8,640 (-34.6%), from €24,963 to €16,323
- Gross operating margin +€58,350
up €58,350 (+39.7%), from €146,964 to €205,314
- Taxes +€14,595
up €14,595 (+45.8%), from €31,868 to €46,463
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 | €333,634 | €58,590 | -€275,044 | -82.4% |
| Fixed assets | 21/28 | €6 | €2,061 | +€2,055 | +33,418% |
| Tangible fixed assets | 22/27 | €6 | €2,061 | +€2,055 | +33,418% |
| Plant, machinery and equipment | 23 | €6 | €2,061 | +€2,055 | +33,418% |
| Current assets | 29/58 | €333,628 | €56,529 | -€277,099 | -83.1% |
| Amounts receivable within one year | 40/41 | €53,699 | €37,869 | -€15,830 | -29.5% |
| Trade receivables | 40 | €53,370 | €22,124 | -€31,246 | -58.5% |
| Other amounts receivable | 41 | €329 | €15,745 | +€15,416 | +4,682% |
| Cash at bank and in hand | 54/58 | €278,671 | €18,232 | -€260,438 | -93.5% |
| Deferred charges and accrued income | 490/1 | €1,258 | €427 | -€831 | -66.1% |
| Total equity and liabilities | 10/49 | €333,634 | €58,590 | -€275,044 | -82.4% |
| Equity | 10/15 | €308,417 | €3,000 | -€305,417 | -99.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €305,417 | €0 | -€305,417 | -100% |
| Distributable reserves | 133 | €305,417 | €0 | -€305,417 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,217 | €55,590 | +€30,373 | +120% |
| Amounts payable within one year | 42/48 | €25,217 | €55,590 | +€30,373 | +120% |
| Trade debts | 44 | €254 | €1,129 | +€875 | +345% |
| Suppliers | 440/4 | €254 | €1,129 | +€875 | +345% |
| Taxes, remuneration and social security | 45 | €24,963 | €16,323 | -€8,640 | -34.6% |
| Taxes | 450/3 | €24,963 | €16,323 | -€8,640 | -34.6% |
| Other amounts payable | 47/48 | €0 | €38,137 | +€38,137 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €443 | €730 | +€287 | +64.6% |
| Other operating charges | 640/8 | €205 | €66 | -€139 | -67.9% |
| Gross operating margin | 9900 | €146,964 | €205,314 | +€58,350 | +39.7% |
| Operating profit (loss) | 9901 | €146,316 | €204,518 | +€58,202 | +39.8% |
| Financial income | 75/76B | - | €160 | +€160 | |
| Recurring financial income | 75 | - | €160 | +€160 | |
| Financial charges | 65/66B | €74 | €78 | +€4 | +5.9% |
| Recurring financial charges | 65 | €74 | €78 | +€4 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €146,242 | €204,601 | +€58,358 | +39.9% |
| Income taxes | 67/77 | €31,868 | €46,463 | +€14,595 | +45.8% |
| Profit (loss) for the period | 9904 | €114,374 | €158,137 | +€43,763 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €114,374 | €158,137 | +€43,763 | +38.3% |
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 19 October 2026 via checked.be.