Hof Ter Heyde: what changed
What changed
Hof Ter Heyde
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€2.3m
2024 · €6,794-€2.3m
Equity
€3.8m
2024 · €6.1m-€2.3m
Cash
€114
2024 · €113+€1
Balance sheet total
€6.7m
2024 · €9.2m-€2.5m
Largest movements
Assets
- Receivables within one year -€1.9m
down €1.9m (-99.9%), from €1.9m to €1,761
of which Other amounts receivable: -€1.9m
- Financial fixed assets -€580,319
down €580,319 (-8.0%), from €7.3m to €6.7m
Equity and liabilities
- Profit (loss) carried forward -€2.3m
down €2.3m, from €100,621 to -€2.2m
- Other debts -€186,358
down €186,358 (-6.0%), from €3.1m to €2.9m
Income statement
- Financial charges +€364,882
up €364,882 (+550%), from €66,375 to €431,257
- Gross operating margin -€29,480
down €29,480 (-47.1%), from €62,589 to €33,109
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
€6,794
Gross operating margin
-€29,480
Other operating charges
+€73
Other operating items
-€1.9m
Financial income
+€418
Financial charges
-€364,882
Result 2025
-€2.3m
raises the resultlowers the resultnot broken down further in the accounts
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
-€580,318
Investment
+€580,319
Financing
€0
Cash 2024
€113
From operations (derived)
-€580,318
Net result for the year
-€2.3m
Depreciation
+€16,527
Receivables within one year
+€1.9m
Trade debts
-€5,958
Smaller working-capital items
+€496
Other debts
-€186,358
Investment (derived)
+€580,319
Investment in fixed assets (net)
+€580,319
Cash 2025
€114
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,188,486 | €6,694,164 | -€2.5m | -27.1% |
| Fixed assets | 21/28 | €7,289,134 | €6,692,288 | -€596,846 | -8.2% |
| Tangible fixed assets | 22/27 | €26,655 | €10,128 | -€16,527 | -62.0% |
| Furniture and vehicles | 24 | €26,655 | €10,128 | -€16,527 | -62.0% |
| Financial fixed assets | 28 | €7,262,479 | €6,682,160 | -€580,319 | -8.0% |
| Current assets | 29/58 | €1,899,352 | €1,876 | -€1.9m | -99.9% |
| Amounts receivable within one year | 40/41 | €1,899,239 | €1,761 | -€1.9m | -99.9% |
| Trade receivables | 40 | €12,067 | €1,481 | -€10,586 | -87.7% |
| Other amounts receivable | 41 | €1,887,172 | €280 | -€1.9m | -100.0% |
| Cash at bank and in hand | 54/58 | €113 | €114 | +€1 | +0.8% |
| Total equity and liabilities | 10/49 | €9,188,486 | €6,694,164 | -€2.5m | -27.1% |
| Equity | 10/15 | €6,055,621 | €3,753,118 | -€2.3m | -38.0% |
| Contributions | 10/11 | €5,855,000 | €5,855,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,621 | -€2,201,882 | -€2.3m | |
| Amounts payable | 17/49 | €3,132,866 | €2,941,045 | -€191,820 | -6.1% |
| Amounts payable within one year | 42/48 | €3,128,228 | €2,936,035 | -€192,193 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,361 | €2,404 | -€5,958 | -71.3% |
| Suppliers | 440/4 | €8,361 | €2,404 | -€5,958 | -71.3% |
| Taxes, remuneration and social security | 45 | - | €123 | +€123 | |
| Taxes | 450/3 | - | €123 | +€123 | |
| Other amounts payable | 47/48 | €3,119,867 | €2,933,509 | -€186,358 | -6.0% |
| Accrued charges and deferred income | 492/3 | €4,638 | €5,011 | +€373 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,527 | €16,527 | = | 0.0% |
| Other operating charges | 640/8 | €781 | €709 | -€73 | -9.3% |
| Non-recurring operating charges | 66A | - | €1,915,425 | +€1.9m | |
| Gross operating margin | 9900 | €62,589 | €33,109 | -€29,480 | -47.1% |
| Operating profit (loss) | 9901 | €45,281 | -€1,899,552 | -€1.9m | |
| Financial income | 75/76B | €27,888 | €28,307 | +€418 | +1.5% |
| Recurring financial income | 75 | €27,888 | €28,307 | +€418 | +1.5% |
| Financial charges | 65/66B | €66,375 | €431,257 | +€364,882 | +550% |
| Recurring financial charges | 65 | €66,375 | €431,257 | +€364,882 | +550% |
| Profit (loss) for the period before taxes | 9903 | €6,794 | -€2,302,502 | -€2.3m | |
| Profit (loss) for the period | 9904 | €6,794 | -€2,302,502 | -€2.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €6,794 | -€2,302,502 | -€2.3m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.