HOF SOMERGEM: what changed
HOF SOMERGEM
Largest movements
- Tangible fixed assets -€8.4m
down €8.4m (-37.6%), from €22.3m to €13.9m
of which Land and buildings: -€8.4m
- Receivables within one year +€325,163
up €325,163 (+221%), from €146,988 to €472,151
of which Other amounts receivable: +€260,404
- Cash -€276,612
down €276,612 (-64.3%), from €430,004 to €153,393
- Other debts -€10.2m
down €10.2m (-57.3%), from €17.8m to €7.6m
- Profit (loss) carried forward +€2.1m
up €2.1m (+52.0%), from -€4.0m to -€1.9m
- Debts after one year -€231,473
down €231,473 (-11.5%), from €2.0m to €1.8m
- Gross operating margin +€2.6m
up €2.6m (+2,968%), from €86,608 to €2.7m
- Depreciation -€209,252
down €209,252 (-53.5%), from €391,306 to €182,054
- Other operating charges +€125,421
up €125,421 (+196%), from €63,917 to €189,338
- Taxes +€77,165
new in 2025: €77,165
- Financial charges +€60,137
up €60,137 (+75.0%), from €80,142 to €140,279
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,908,512 | €14,562,208 | -€8.3m | -36.4% |
| Fixed assets | 21/28 | €22,331,519 | €13,927,328 | -€8.4m | -37.6% |
| Tangible fixed assets | 22/27 | €22,331,519 | €13,927,328 | -€8.4m | -37.6% |
| Land and buildings | 22 | €22,304,038 | €13,927,328 | -€8.4m | -37.6% |
| Plant, machinery and equipment | 23 | €3,345 | €0 | -€3,345 | -100% |
| Assets under construction and advance payments | 27 | €24,136 | €0 | -€24,136 | -100% |
| Current assets | 29/58 | €576,992 | €634,880 | +€57,888 | +10.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €146,988 | €472,151 | +€325,163 | +221% |
| Trade receivables | 40 | €73,618 | €138,377 | +€64,759 | +88.0% |
| Other amounts receivable | 41 | €73,370 | €333,775 | +€260,404 | +355% |
| Cash at bank and in hand | 54/58 | €430,004 | €153,393 | -€276,612 | -64.3% |
| Deferred charges and accrued income | 490/1 | - | €9,336 | +€9,336 | |
| Total equity and liabilities | 10/49 | €22,908,512 | €14,562,208 | -€8.3m | -36.4% |
| Equity | 10/15 | €2,821,051 | €4,889,291 | +€2.1m | +73.3% |
| Contributions | 10/11 | €6,800,000 | €6,800,000 | = | 0.0% |
| Capital | 10 | €6,800,000 | €6,800,000 | = | 0.0% |
| Issued capital | 100 | €6,800,000 | €6,800,000 | = | 0.0% |
| Reserves | 13 | €1,173 | €1,173 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,173 | €1,173 | = | 0.0% |
| Legal reserve | 130 | €1,173 | €1,173 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,980,122 | -€1,911,882 | +€2.1m | +52.0% |
| Amounts payable | 17/49 | €20,087,460 | €9,672,917 | -€10.4m | -51.8% |
| Amounts payable after more than one year | 17 | €2,005,705 | €1,774,232 | -€231,473 | -11.5% |
| Other amounts payable | 178/9 | €2,005,705 | €1,774,232 | -€231,473 | -11.5% |
| Amounts payable within one year | 42/48 | €18,081,756 | €7,798,107 | -€10.3m | -56.9% |
| Trade debts | 44 | €285,980 | €170,446 | -€115,534 | -40.4% |
| Suppliers | 440/4 | €285,980 | €170,446 | -€115,534 | -40.4% |
| Taxes, remuneration and social security | 45 | - | €36,844 | +€36,844 | |
| Taxes | 450/3 | - | €36,844 | +€36,844 | |
| Other amounts payable | 47/48 | €17,795,776 | €7,590,818 | -€10.2m | -57.3% |
| Accrued charges and deferred income | 492/3 | - | €100,578 | +€100,578 | |
| Non-recurring operating income | 76A | - | €116,733 | +€116,733 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €391,306 | €182,054 | -€209,252 | -53.5% |
| Other operating charges | 640/8 | €63,917 | €189,338 | +€125,421 | +196% |
| Gross operating margin | 9900 | €86,608 | €2,657,068 | +€2.6m | +2,968% |
| Operating profit (loss) | 9901 | -€368,616 | €2,285,676 | +€2.7m | |
| Financial income | 75/76B | €0 | €7 | +€7 | +67,700% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +67,700% |
| Financial charges | 65/66B | €80,142 | €140,279 | +€60,137 | +75.0% |
| Recurring financial charges | 65 | €80,142 | €140,279 | +€60,137 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | -€448,758 | €2,145,404 | +€2.6m | |
| Income taxes | 67/77 | - | €77,165 | +€77,165 | |
| Profit (loss) for the period | 9904 | -€448,758 | €2,068,240 | +€2.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€448,758 | €2,068,240 | +€2.5m |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.