HOF TER EMSTRODE: 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 EMSTRODE
Largest movements
- Cash +€38,175
up €38,175 (+63.9%), from €59,787 to €97,963
mainly Net result for the year (+€61,156) and Depreciation (+€44,289)
- Deferred charges and accrued income -€8,605
down €8,605 (-66.8%), from €12,880 to €4,274
- Tangible fixed assets -€5,765
down €5,765 (-2.6%), from €222,548 to €216,783
of which Furniture and vehicles: -€5,262
- Stocks and contracts +€5,269
up €5,269 (+27.9%), from €18,877 to €24,146
- Reserves +€28,016
up €28,016 (+13.5%), from €207,135 to €235,151
- Tax, wage and social debts +€13,498
up €13,498 (+78.5%), from €17,203 to €30,701
of which Taxes: +€12,135
- Trade debts -€11,351
down €11,351 (-47.5%), from €23,900 to €12,549
- Gross operating margin +€45,557
up €45,557 (+25.9%), from €176,137 to €221,694
- Depreciation +€13,151
up €13,151 (+42.2%), from €31,139 to €44,289
- Staff costs +€11,110
up €11,110 (+14.8%), from €75,207 to €86,317
- Taxes +€6,051
up €6,051 (+34.4%), from €17,581 to €23,632
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 | €324,057 | €352,622 | +€28,565 | +8.8% |
| Fixed assets | 21/28 | €223,066 | €217,301 | -€5,765 | -2.6% |
| Tangible fixed assets | 22/27 | €222,548 | €216,783 | -€5,765 | -2.6% |
| Land and buildings | 22 | €145,430 | €142,903 | -€2,527 | -1.7% |
| Plant, machinery and equipment | 23 | €59,466 | €61,489 | +€2,023 | +3.4% |
| Furniture and vehicles | 24 | €17,652 | €12,390 | -€5,262 | -29.8% |
| Financial fixed assets | 28 | €518 | €518 | = | 0.0% |
| Current assets | 29/58 | €100,990 | €135,321 | +€34,330 | +34.0% |
| Stocks and contracts in progress | 3 | €18,877 | €24,146 | +€5,269 | +27.9% |
| Stocks | 30/36 | €18,877 | €24,146 | +€5,269 | +27.9% |
| Amounts receivable within one year | 40/41 | €9,446 | €8,937 | -€509 | -5.4% |
| Trade receivables | 40 | €5,646 | €2,420 | -€3,226 | -57.1% |
| Other amounts receivable | 41 | €3,800 | €6,517 | +€2,717 | +71.5% |
| Cash at bank and in hand | 54/58 | €59,787 | €97,963 | +€38,175 | +63.9% |
| Deferred charges and accrued income | 490/1 | €12,880 | €4,274 | -€8,605 | -66.8% |
| Total equity and liabilities | 10/49 | €324,057 | €352,622 | +€28,565 | +8.8% |
| Equity | 10/15 | €228,474 | €254,630 | +€26,156 | +11.4% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €207,135 | €235,151 | +€28,016 | +13.5% |
| Distributable reserves | 133 | €207,135 | €235,151 | +€28,016 | +13.5% |
| Profit (loss) carried forward | 14 | €879 | €879 | = | 0.0% |
| Provisions and deferred taxes | 16 | €40,000 | €40,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €40,000 | €40,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable | 17/49 | €55,583 | €57,992 | +€2,409 | +4.3% |
| Amounts payable within one year | 42/48 | €55,583 | €57,992 | +€2,409 | +4.3% |
| Trade debts | 44 | €23,900 | €12,549 | -€11,351 | -47.5% |
| Suppliers | 440/4 | €23,900 | €12,549 | -€11,351 | -47.5% |
| Taxes, remuneration and social security | 45 | €17,203 | €30,701 | +€13,498 | +78.5% |
| Taxes | 450/3 | €9,887 | €22,022 | +€12,135 | +123% |
| Remuneration and social security | 454/9 | €7,317 | €8,679 | +€1,362 | +18.6% |
| Other amounts payable | 47/48 | €14,479 | €14,742 | +€263 | +1.8% |
| Non-recurring operating income | 76A | €1,817 | €307 | -€1,509 | -83.1% |
| Remuneration, social security and pensions | 62 | €75,207 | €86,317 | +€11,110 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,139 | €44,289 | +€13,151 | +42.2% |
| Other operating charges | 640/8 | €2,312 | €1,595 | -€717 | -31.0% |
| Non-recurring operating charges | 66A | - | €4 | +€4 | |
| Gross operating margin | 9900 | €176,137 | €221,694 | +€45,557 | +25.9% |
| Operating profit (loss) | 9901 | €67,480 | €89,489 | +€22,009 | +32.6% |
| Financial income | 75/76B | €585 | €11 | -€574 | -98.1% |
| Recurring financial income | 75 | €585 | €11 | -€574 | -98.1% |
| Financial charges | 65/66B | €3,564 | €4,713 | +€1,149 | +32.2% |
| Recurring financial charges | 65 | €3,564 | €4,713 | +€1,149 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €64,501 | €84,787 | +€20,286 | +31.5% |
| Income taxes | 67/77 | €17,581 | €23,632 | +€6,051 | +34.4% |
| Profit (loss) for the period | 9904 | €46,920 | €61,156 | +€14,235 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,920 | €61,156 | +€14,235 | +30.3% |
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 22 October 2026 via checked.be.