Hof Te Bayghem: 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 Te Bayghem
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€158,678
2024 · -€168,491+€9,814
Equity
€635,521
2024 · €799,216-€163,695
Cash
€61,368
2024 · €31,803+€29,565
Balance sheet total
€3.2m
2024 · €3.2m+€53,951
Largest movements
Assets
- Tangible fixed assets +€46,990
up €46,990 (+1.5%), from €3.1m to €3.2m
of which Land and buildings: +€42,755
Equity and liabilities
- Other debts +€336,090
up €336,090 (+21.4%), from €1.6m to €1.9m
- Profit (loss) carried forward -€144,523
down €144,523 (-5.7%), from -€2.6m to -€2.7m
- Debts after one year -€117,749
down €117,749 (-20.8%), from €565,602 to €447,852
Income statement
- Depreciation -€10,759
down €10,759 (-3.7%), from €287,183 to €276,424
- Financial charges -€2,490
down €2,490 (-12.7%), from €19,607 to €17,117
- Gross operating margin -€1,598
down €1,598 (-1.2%), from €136,504 to €134,906
- Other operating charges +€1,575
up €1,575 (+15.9%), from €9,876 to €11,451
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
-€168,491
Gross operating margin
-€1,598
Depreciation
+€10,759
Other operating charges
-€1,575
Financial income
-€263
Financial charges
+€2,490
Result 2025
-€158,678
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
+€474,108
Investment
-€323,414
Financing
-€121,128
Cash 2024
€31,803
From operations (derived)
+€474,108
Net result for the year
-€158,678
Depreciation
+€276,424
Receivables within one year
+€22,289
Deferred charges and accrued income
+€316
Provisions
-€6,391
Trade debts
+€5,830
Tax, wage and social debts
-€1,773
Other debts
+€336,090
Investment (derived)
-€323,414
Investment in fixed assets (net)
-€323,414
Financing
-€121,128
Debts after one year
-€117,749
Current portion of long-term debt
+€1,639
Contributions, distributions and other
-€5,017
Cash 2025
€61,368
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,184,517 | €3,238,468 | +€53,951 | +1.7% |
| Fixed assets | 21/28 | €3,129,075 | €3,176,065 | +€46,990 | +1.5% |
| Tangible fixed assets | 22/27 | €3,128,825 | €3,175,815 | +€46,990 | +1.5% |
| Land and buildings | 22 | €3,128,825 | €3,171,580 | +€42,755 | +1.4% |
| Plant, machinery and equipment | 23 | €0 | €2,939 | +€2,939 | |
| Furniture and vehicles | 24 | - | €1,296 | +€1,296 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €55,442 | €62,403 | +€6,960 | +12.6% |
| Amounts receivable within one year | 40/41 | €22,744 | €455 | -€22,289 | -98.0% |
| Trade receivables | 40 | - | €455 | +€455 | |
| Other amounts receivable | 41 | €22,744 | €0 | -€22,744 | -100% |
| Cash at bank and in hand | 54/58 | €31,803 | €61,368 | +€29,565 | +93.0% |
| Deferred charges and accrued income | 490/1 | €895 | €579 | -€316 | -35.3% |
| Total equity and liabilities | 10/49 | €3,184,517 | €3,238,468 | +€53,951 | +1.7% |
| Equity | 10/15 | €799,216 | €635,521 | -€163,695 | -20.5% |
| Contributions | 10/11 | €1,384,235 | €1,384,235 | = | 0.0% |
| Capital | 10 | €1,384,235 | €1,384,235 | = | 0.0% |
| Issued capital | 100 | €1,384,235 | €1,384,235 | = | 0.0% |
| Reserves | 13 | €1,940,188 | €1,926,033 | -€14,155 | -0.7% |
| Non-distributable reserves | 130/1 | €117,049 | €117,049 | = | 0.0% |
| Legal reserve | 130 | €117,049 | €117,049 | = | 0.0% |
| Tax-exempt reserves | 132 | €350,776 | €336,621 | -€14,155 | -4.0% |
| Distributable reserves | 133 | €1,472,362 | €1,472,362 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,550,457 | -€2,694,980 | -€144,523 | -5.7% |
| Investment grants | 15 | €25,250 | €20,233 | -€5,017 | -19.9% |
| Provisions and deferred taxes | 16 | €125,342 | €118,952 | -€6,391 | -5.1% |
| Deferred taxes | 168 | €125,342 | €118,952 | -€6,391 | -5.1% |
| Amounts payable | 17/49 | €2,259,959 | €2,483,995 | +€224,036 | +9.9% |
| Amounts payable after more than one year | 17 | €565,602 | €447,852 | -€117,749 | -20.8% |
| Financial debts | 170/4 | €565,602 | €447,852 | -€117,749 | -20.8% |
| Amounts payable within one year | 42/48 | €1,694,357 | €2,036,142 | +€341,786 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €116,111 | €117,750 | +€1,639 | +1.4% |
| Trade debts | 44 | €491 | €6,321 | +€5,830 | +1,188% |
| Suppliers | 440/4 | €491 | €6,321 | +€5,830 | +1,188% |
| Taxes, remuneration and social security | 45 | €4,436 | €2,663 | -€1,773 | -40.0% |
| Taxes | 450/3 | €4,436 | €2,663 | -€1,773 | -40.0% |
| Other amounts payable | 47/48 | €1,573,318 | €1,909,409 | +€336,090 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €287,183 | €276,424 | -€10,759 | -3.7% |
| Other operating charges | 640/8 | €9,876 | €11,451 | +€1,575 | +15.9% |
| Gross operating margin | 9900 | €136,504 | €134,906 | -€1,598 | -1.2% |
| Operating profit (loss) | 9901 | -€160,555 | -€152,969 | +€7,586 | +4.7% |
| Financial income | 75/76B | €5,280 | €5,017 | -€263 | -5.0% |
| Recurring financial income | 75 | €5,280 | €5,017 | -€263 | -5.0% |
| Financial charges | 65/66B | €19,607 | €17,117 | -€2,490 | -12.7% |
| Recurring financial charges | 65 | €19,607 | €17,117 | -€2,490 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€174,882 | -€165,069 | +€9,814 | +5.6% |
| Transfer from deferred taxes | 780 | €6,391 | €6,391 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€168,491 | -€158,678 | +€9,814 | +5.8% |
| Transfer from tax-exempt reserves | 789 | €14,155 | €14,155 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€154,337 | -€144,523 | +€9,814 | +6.4% |
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 1 November 2026 via checked.be.