HOF PETERS: 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 PETERS
Largest movements
- Current investments +€500,000
up €500,000 (+100%), from €500,000 to €1.0m
- Receivables within one year -€115,541
down €115,541 (-76.0%), from €151,983 to €36,442
of which Other amounts receivable: -€75,279
- Cash -€91,485
down €91,485 (-56.9%), from €160,796 to €69,311
mainly Current investments (-€500,000) and Investment in fixed assets (net) (-€95,865)
- Stocks and contracts +€23,173
new in 2025: €23,173
- Profit (loss) carried forward +€343,895
up €343,895 (+41.3%), from €833,642 to €1.2m
- Investment grants -€20,760
down €20,760 (-3.7%), from €559,334 to €538,574
- Gross operating margin +€313,525
up €313,525 (+40.5%), from €773,986 to €1.1m
- Staff costs +€65,580
up €65,580 (+10.2%), from €642,139 to €707,719
- Purchases and services +€45,984
up €45,984 (+17.3%), from €266,157 to €312,141
- Depreciation +€23,871
up €23,871 (+26.7%), from €89,414 to €113,285
- Financial income +€19,708
up €19,708 (+31.8%), from €62,011 to €81,719
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 | €1,551,391 | €1,847,805 | +€296,414 | +19.1% |
| Fixed assets | 21/28 | €715,880 | €698,461 | -€17,420 | -2.4% |
| Intangible fixed assets | 21 | €5,422 | €5,227 | -€194 | -3.6% |
| Tangible fixed assets | 22/27 | €710,459 | €693,233 | -€17,226 | -2.4% |
| Land and buildings | 22 | €506,843 | €466,563 | -€40,280 | -7.9% |
| Plant, machinery and equipment | 23 | €79,488 | €126,459 | +€46,972 | +59.1% |
| Furniture and vehicles | 24 | €124,129 | €100,211 | -€23,917 | -19.3% |
| Current assets | 29/58 | €835,511 | €1,149,345 | +€313,834 | +37.6% |
| Stocks and contracts in progress | 3 | - | €23,173 | +€23,173 | |
| Stocks | 30/36 | - | €23,173 | +€23,173 | |
| Amounts receivable within one year | 40/41 | €151,983 | €36,442 | -€115,541 | -76.0% |
| Trade receivables | 40 | €73,886 | €33,624 | -€40,262 | -54.5% |
| Other amounts receivable | 41 | €78,097 | €2,818 | -€75,279 | -96.4% |
| Current investments | 50/53 | €500,000 | €1,000,000 | +€500,000 | +100% |
| Cash at bank and in hand | 54/58 | €160,796 | €69,311 | -€91,485 | -56.9% |
| Deferred charges and accrued income | 490/1 | €22,732 | €20,418 | -€2,313 | -10.2% |
| Total equity and liabilities | 10/49 | €1,551,391 | €1,847,805 | +€296,414 | +19.1% |
| Equity | 10/15 | €1,392,977 | €1,716,111 | +€323,134 | +23.2% |
| Profit (loss) carried forward | 14 | €833,642 | €1,177,537 | +€343,895 | +41.3% |
| Investment grants | 15 | €559,334 | €538,574 | -€20,760 | -3.7% |
| Amounts payable | 17/49 | €158,415 | €131,694 | -€26,720 | -16.9% |
| Amounts payable within one year | 42/48 | €148,415 | €131,694 | -€16,720 | -11.3% |
| Trade debts | 44 | €55,061 | €54,744 | -€317 | -0.6% |
| Suppliers | 440/4 | €55,061 | €54,744 | -€317 | -0.6% |
| Taxes, remuneration and social security | 45 | €57,188 | €74,788 | +€17,600 | +30.8% |
| Taxes | 450/3 | €290 | €4,495 | +€4,205 | +1,448% |
| Remuneration and social security | 454/9 | €56,898 | €70,293 | +€13,395 | +23.5% |
| Accrued charges and deferred income | 492/3 | €10,000 | - | -€10,000 | |
| Turnover | 70 | €561,582 | €568,848 | +€7,265 | +1.3% |
| Non-recurring operating income | 76A | €44,631 | €354,950 | +€310,319 | +695% |
| Goods, raw materials, services and sundry goods | 60/61 | €266,157 | €312,141 | +€45,984 | +17.3% |
| Remuneration, social security and pensions | 62 | €642,139 | €707,719 | +€65,580 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,414 | €113,285 | +€23,871 | +26.7% |
| Other operating charges | 640/8 | €3,362 | €3,536 | +€174 | +5.2% |
| Gross operating margin | 9900 | €773,986 | €1,087,511 | +€313,525 | +40.5% |
| Operating profit (loss) | 9901 | €39,071 | €262,971 | +€223,900 | +573% |
| Financial income | 75/76B | €62,011 | €81,719 | +€19,708 | +31.8% |
| Recurring financial income | 75 | €62,011 | €81,719 | +€19,708 | +31.8% |
| Financial charges | 65/66B | €778 | €796 | +€18 | +2.3% |
| Recurring financial charges | 65 | €778 | €796 | +€18 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €100,304 | €343,895 | +€243,590 | +243% |
| Profit (loss) for the period | 9904 | €100,304 | €343,895 | +€243,590 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €100,304 | €343,895 | +€243,590 | +243% |
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 23 October 2026 via checked.be.