Hof Ter Ede: what changed
What changed
Hof Ter Ede
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€3.7m
2024 · €760,199+€2.9m
Equity
€4.5m
2024 · €824,087+€3.7m
Cash
€4.1m
2024 · €159,184+€4.0m
Balance sheet total
€11.5m
2024 · €8.3m+€3.1m
Largest movements
Assets
- Cash +€4.0m
up €4.0m (+2,502%), from €159,184 to €4.1m
mainly Net result for the year (+€3.7m) and Receivables within one year (+€1.2m)
- Receivables within one year -€1.2m
down €1.2m (-77.2%), from €1.5m to €345,745
of which Trade receivables: -€1.1m
- Stocks and contracts +€175,560
up €175,560 (+6.3%), from €2.8m to €3.0m
- Tangible fixed assets +€133,887
up €133,887 (+3.5%), from €3.9m to €4.0m
of which Assets under construction and advance payments: +€200,999
Equity and liabilities
- Reserves +€3.7m
up €3.7m (+455%), from €805,487 to €4.5m
- Debts after one year -€1.5m
down €1.5m (-42.9%), from €3.4m to €2.0m
of which Financial debts: -€1.5m
- Short-term financial debts +€791,579
up €791,579 (+1,457%), from €54,332 to €845,911
- Tax, wage and social debts +€274,407
up €274,407 (+112%), from €246,066 to €520,473
- Other debts -€168,372
down €168,372 (-11.7%), from €1.4m to €1.3m
Income statement
- Gross operating margin +€3.8m
up €3.8m (+255%), from €1.5m to €5.3m
- Taxes +€971,029
up €971,029 (+352%), from €275,667 to €1.2m
- Financial charges -€74,853
down €74,853 (-25.3%), from €295,637 to €220,784
Change in the result, 2024 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.
Result 2024
€760,199
Gross operating margin
+€3.8m
Depreciation
-€10,059
Other operating charges
+€6,159
Financial income
+€6,174
Financial charges
+€74,853
Taxes
-€971,029
Result 2025
€3.7m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5.0m
Investment
-€285,393
Financing
-€730,887
Cash 2024
€159,184
From operations (derived)
+€5.0m
Net result for the year
+€3.7m
Depreciation
+€151,506
Stocks and contracts
-€175,560
Receivables within one year
+€1.2m
Deferred charges and accrued income
-€9,138
Trade debts
+€123,547
Tax, wage and social debts
+€274,407
Advances received
-€87,553
Other debts
-€168,372
Accrued charges and deferred income
+€56,293
Investment (derived)
-€285,393
Investment in fixed assets (net)
-€285,393
Financing
-€730,887
Debts after one year
-€1.5m
Current portion of long-term debt
-€56,121
Short-term financial debts
+€791,579
Cash 2025
€4.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,320,387 | €11,451,131 | +€3.1m | +37.6% |
| Fixed assets | 21/28 | €3,863,751 | €3,997,637 | +€133,887 | +3.5% |
| Tangible fixed assets | 22/27 | €3,863,751 | €3,997,637 | +€133,887 | +3.5% |
| Land and buildings | 22 | €2,861,258 | €2,859,473 | -€1,784 | -0.1% |
| Plant, machinery and equipment | 23 | €973,861 | €911,650 | -€62,211 | -6.4% |
| Furniture and vehicles | 24 | €28,632 | €25,514 | -€3,118 | -10.9% |
| Assets under construction and advance payments | 27 | €0 | €200,999 | +€200,999 | |
| Current assets | 29/58 | €4,456,637 | €7,453,494 | +€3.0m | +67.2% |
| Stocks and contracts in progress | 3 | €2,777,137 | €2,952,697 | +€175,560 | +6.3% |
| Stocks | 30/36 | €2,777,137 | €2,952,697 | +€175,560 | +6.3% |
| Amounts receivable within one year | 40/41 | €1,516,294 | €345,745 | -€1.2m | -77.2% |
| Trade receivables | 40 | €1,173,682 | €107,643 | -€1.1m | -90.8% |
| Other amounts receivable | 41 | €342,612 | €238,101 | -€104,510 | -30.5% |
| Cash at bank and in hand | 54/58 | €159,184 | €4,141,892 | +€4.0m | +2,502% |
| Deferred charges and accrued income | 490/1 | €4,022 | €13,160 | +€9,138 | +227% |
| Total equity and liabilities | 10/49 | €8,320,387 | €11,451,131 | +€3.1m | +37.6% |
| Equity | 10/15 | €824,087 | €4,487,396 | +€3.7m | +445% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €805,487 | €4,468,796 | +€3.7m | +455% |
| Distributable reserves | 133 | €805,487 | €4,468,796 | +€3.7m | +455% |
| Amounts payable | 17/49 | €7,496,300 | €6,963,736 | -€532,565 | -7.1% |
| Amounts payable after more than one year | 17 | €3,422,001 | €1,955,657 | -€1.5m | -42.9% |
| Financial debts | 170/4 | €3,419,526 | €1,953,182 | -€1.5m | -42.9% |
| Other amounts payable | 178/9 | €2,475 | €2,475 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,813,270 | €4,690,758 | +€877,487 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €1,461,507 | €1,405,386 | -€56,121 | -3.8% |
| Financial debts | 43 | €54,332 | €845,911 | +€791,579 | +1,457% |
| Credit institutions | 430/8 | €54,332 | €845,911 | +€791,579 | +1,457% |
| Trade debts | 44 | €519,978 | €643,526 | +€123,547 | +23.8% |
| Suppliers | 440/4 | €519,978 | €643,526 | +€123,547 | +23.8% |
| Advances received on contracts in progress | 46 | €88,017 | €464 | -€87,553 | -99.5% |
| Taxes, remuneration and social security | 45 | €246,066 | €520,473 | +€274,407 | +112% |
| Taxes | 450/3 | €246,066 | €520,473 | +€274,407 | +112% |
| Other amounts payable | 47/48 | €1,443,369 | €1,274,997 | -€168,372 | -11.7% |
| Accrued charges and deferred income | 492/3 | €261,029 | €317,321 | +€56,293 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,448 | €151,506 | +€10,059 | +7.1% |
| Other operating charges | 640/8 | €15,319 | €9,160 | -€6,159 | -40.2% |
| Gross operating margin | 9900 | €1,487,083 | €5,284,094 | +€3.8m | +255% |
| Operating profit (loss) | 9901 | €1,330,316 | €5,123,428 | +€3.8m | +285% |
| Financial income | 75/76B | €1,186 | €7,359 | +€6,174 | +521% |
| Recurring financial income | 75 | €1,186 | €7,359 | +€6,174 | +521% |
| Financial charges | 65/66B | €295,637 | €220,784 | -€74,853 | -25.3% |
| Recurring financial charges | 65 | €295,637 | €220,784 | -€74,853 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €1,035,865 | €4,910,004 | +€3.9m | +374% |
| Income taxes | 67/77 | €275,667 | €1,246,695 | +€971,029 | +352% |
| Profit (loss) for the period | 9904 | €760,199 | €3,663,308 | +€2.9m | +382% |
| Profit (loss) for the period to be appropriated | 9905 | €760,199 | €3,663,308 | +€2.9m | +382% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.