HOF TER COTTHEM: 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 TER COTTHEM
Largest movements
- Cash -€1,785
down €1,785 (-35.0%), from €5,094 to €3,309
mainly Net result for the year (-€2,672) and Deferred charges and accrued income (-€424)
- Receivables within one year -€828
down €828 (-100%), from €828 to €0
- Deferred charges and accrued income +€424
up €424 (+103%), from €411 to €836
- Formation expenses -€359
down €359 (-26.7%), from €1,344 to €985
- Profit (loss) carried forward -€2,672
down €2,672 (-2.3%), from -€116,422 to -€119,094
- Trade debts +€125
new in 2025: €125
- Gross operating margin +€4,578
up €4,578 (+76.4%), from -€5,989 to -€1,411
- Other operating charges +€143
up €143 (+19.9%), from €717 to €860
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 | €7,677 | €5,130 | -€2,547 | -33.2% |
| Formation expenses | 20 | €1,344 | €985 | -€359 | -26.7% |
| Current assets | 29/58 | €6,333 | €4,144 | -€2,188 | -34.6% |
| Amounts receivable within one year | 40/41 | €828 | €0 | -€828 | -100% |
| Trade receivables | 40 | €828 | €0 | -€828 | -100% |
| Cash at bank and in hand | 54/58 | €5,094 | €3,309 | -€1,785 | -35.0% |
| Deferred charges and accrued income | 490/1 | €411 | €836 | +€424 | +103% |
| Total equity and liabilities | 10/49 | €7,677 | €5,130 | -€2,547 | -33.2% |
| Equity | 10/15 | €7,402 | €4,730 | -€2,672 | -36.1% |
| Contributions | 10/11 | €123,824 | €123,824 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,422 | -€119,094 | -€2,672 | -2.3% |
| Amounts payable | 17/49 | €275 | €400 | +€125 | +45.5% |
| Amounts payable within one year | 42/48 | - | €125 | +€125 | |
| Trade debts | 44 | - | €125 | +€125 | |
| Suppliers | 440/4 | - | €125 | +€125 | |
| Accrued charges and deferred income | 492/3 | €275 | €275 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359 | €359 | = | 0.0% |
| Other operating charges | 640/8 | €717 | €860 | +€143 | +19.9% |
| Gross operating margin | 9900 | -€5,989 | -€1,411 | +€4,578 | +76.4% |
| Operating profit (loss) | 9901 | -€7,065 | -€2,629 | +€4,435 | +62.8% |
| Financial charges | 65/66B | €42 | €43 | +€1 | +2.4% |
| Recurring financial charges | 65 | €42 | €43 | +€1 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,107 | -€2,672 | +€4,434 | +62.4% |
| Profit (loss) for the period | 9904 | -€7,107 | -€2,672 | +€4,434 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,107 | -€2,672 | +€4,434 | +62.4% |
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 17 October 2026 via checked.be.