Hof de Gros: 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.
What changed
Hof de Gros
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€25,822
2024 · €18,336+€7,486
Equity
€719,636
2024 · €693,813+€25,822
Cash
€1,188
2024 · €2,184-€996
Balance sheet total
€3.1m
2024 · €3.2m-€163,968
Largest movements
Assets
- Receivables within one year -€129,572
down €129,572 (-91.2%), from €142,127 to €12,555
of which Other amounts receivable: -€129,572
- Tangible fixed assets -€33,363
down €33,363 (-1.1%), from €3.1m to €3.1m
of which Land and buildings: -€17,941
Equity and liabilities
- Other debts -€160,811
down €160,811 (-6.5%), from €2.5m to €2.3m
- Profit (loss) carried forward +€38,493
up €38,493 (+32.3%), from €119,250 to €157,743
Income statement
- Gross operating margin +€9,746
up €9,746 (+3.9%), from €252,363 to €262,109
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.
Result 2024
€18,336
Gross operating margin
+€9,746
Depreciation
-€2,506
Other operating charges
-€203
Financial income
+€417
Financial charges
-€96
Taxes
+€128
Result 2025
€25,822
raises the resultlowers the result
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.
From operations
+€33,350
Investment
-€34,346
Financing
€0
Cash 2024
€2,184
From operations (derived)
+€33,350
Net result for the year
+€25,822
Depreciation
+€67,708
Receivables within one year
+€129,572
Deferred charges and accrued income
+€37
Provisions
-€4,223
Trade debts
-€927
Tax, wage and social debts
-€23,828
Other debts
-€160,811
Investment (derived)
-€34,346
Investment in fixed assets (net)
-€34,346
Cash 2025
€1,188
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,244,218 | €3,080,250 | -€163,968 | -5.1% |
| Fixed assets | 21/28 | €3,099,366 | €3,066,004 | -€33,363 | -1.1% |
| Tangible fixed assets | 22/27 | €3,099,366 | €3,066,004 | -€33,363 | -1.1% |
| Land and buildings | 22 | €2,937,716 | €2,919,775 | -€17,941 | -0.6% |
| Plant, machinery and equipment | 23 | €161,651 | €146,229 | -€15,422 | -9.5% |
| Current assets | 29/58 | €144,851 | €14,246 | -€130,605 | -90.2% |
| Amounts receivable within one year | 40/41 | €142,127 | €12,555 | -€129,572 | -91.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €142,127 | €12,555 | -€129,572 | -91.2% |
| Cash at bank and in hand | 54/58 | €2,184 | €1,188 | -€996 | -45.6% |
| Deferred charges and accrued income | 490/1 | €541 | €503 | -€37 | -6.9% |
| Total equity and liabilities | 10/49 | €3,244,218 | €3,080,250 | -€163,968 | -5.1% |
| Equity | 10/15 | €693,813 | €719,636 | +€25,822 | +3.7% |
| Contributions | 10/11 | €347,051 | €347,051 | = | 0.0% |
| Capital | 10 | €347,051 | €347,051 | = | 0.0% |
| Issued capital | 100 | €347,051 | €347,051 | = | 0.0% |
| Reserves | 13 | €227,512 | €214,842 | -€12,670 | -5.6% |
| Non-distributable reserves | 130/1 | €34,705 | €34,705 | = | 0.0% |
| Legal reserve | 130 | €34,705 | €34,705 | = | 0.0% |
| Tax-exempt reserves | 132 | €192,807 | €180,137 | -€12,670 | -6.6% |
| Profit (loss) carried forward | 14 | €119,250 | €157,743 | +€38,493 | +32.3% |
| Provisions and deferred taxes | 16 | €64,269 | €60,046 | -€4,223 | -6.6% |
| Deferred taxes | 168 | €64,269 | €60,046 | -€4,223 | -6.6% |
| Amounts payable | 17/49 | €2,486,136 | €2,300,569 | -€185,567 | -7.5% |
| Amounts payable within one year | 42/48 | €2,486,136 | €2,300,569 | -€185,567 | -7.5% |
| Trade debts | 44 | €927 | €0 | -€927 | -100% |
| Suppliers | 440/4 | €927 | €0 | -€927 | -100% |
| Taxes, remuneration and social security | 45 | €23,828 | €0 | -€23,828 | -100% |
| Taxes | 450/3 | €23,828 | €0 | -€23,828 | -100% |
| Other amounts payable | 47/48 | €2,461,380 | €2,300,569 | -€160,811 | -6.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,202 | €67,708 | +€2,506 | +3.8% |
| Other operating charges | 640/8 | €6,435 | €6,638 | +€203 | +3.1% |
| Gross operating margin | 9900 | €252,363 | €262,109 | +€9,746 | +3.9% |
| Operating profit (loss) | 9901 | €180,725 | €187,762 | +€7,037 | +3.9% |
| Financial income | 75/76B | €2,576 | €2,993 | +€417 | +16.2% |
| Recurring financial income | 75 | €2,576 | €2,993 | +€417 | +16.2% |
| Financial charges | 65/66B | €145,361 | €145,456 | +€96 | +0.1% |
| Recurring financial charges | 65 | €145,361 | €145,456 | +€96 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €37,941 | €45,299 | +€7,359 | +19.4% |
| Transfer from deferred taxes | 780 | €4,223 | €4,223 | +€0 | 0.0% |
| Income taxes | 67/77 | €23,828 | €23,700 | -€128 | -0.5% |
| Profit (loss) for the period | 9904 | €18,336 | €25,822 | +€7,486 | +40.8% |
| Transfer from tax-exempt reserves | 789 | €12,670 | €12,670 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,006 | €38,493 | +€7,486 | +24.1% |
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 30 October 2026 via checked.be.