HOF TER POLDER: what changed
What changed
HOF TER POLDER
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €4.6m-€2.5m
Equity
€257.8m
2024 · €255.7m+€2.1m
Cash
€3.1m
2024 · €302,998+€2.8m
Balance sheet total
€265.3m
2024 · €261.9m+€3.4m
Largest movements
Assets
- Cash +€2.8m
up €2.8m (+936%), from €302,998 to €3.1m
mainly Short-term financial debts (+€2.5m) and Net result for the year (+€2.1m)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€2.8m
down €2.8m (-59.9%), from €4.7m to €1.9m
- Taxes -€226,050
down €226,050 (-34.6%), from €653,734 to €427,684
- Gross operating margin +€146,162
up €146,162 (+13.3%), from €1.1m to €1.2m
- Financial charges -€40,810
down €40,810 (-15.0%), from €271,743 to €230,933
- Staff costs +€20,699
up €20,699 (+31.3%), from €66,114 to €86,814
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
€4.6m
Gross operating margin
+€146,162
Staff costs
-€20,699
Depreciation
-€5,687
Other operating charges
+€4,447
Other operating items
-€100,825
Financial income
-€2.8m
Financial charges
+€40,810
Taxes
+€226,050
Result 2025
€2.1m
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
+€1.4m
Investment
-€959,442
Financing
+€2.4m
Cash 2024
€302,998
From operations (derived)
+€1.4m
Net result for the year
+€2.1m
Depreciation
+€178,862
Receivables within one year
+€249,464
Deferred charges and accrued income
-€35,492
Trade debts
-€25,699
Tax, wage and social debts
-€337,735
Other debts
-€678,952
Accrued charges and deferred income
-€13,156
Investment (derived)
-€959,442
Investment in fixed assets (net)
-€959,442
Financing
+€2.4m
Debts after one year
-€124,219
Short-term financial debts
+€2.5m
Cash 2025
€3.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €261,930,667 | €265,333,271 | +€3.4m | +1.3% |
| Fixed assets | 21/28 | €259,377,387 | €260,157,968 | +€780,580 | +0.3% |
| Tangible fixed assets | 22/27 | €3,910,011 | €3,723,092 | -€186,920 | -4.8% |
| Land and buildings | 22 | €3,763,921 | €3,623,823 | -€140,097 | -3.7% |
| Plant, machinery and equipment | 23 | €6,454 | €3,026 | -€3,428 | -53.1% |
| Furniture and vehicles | 24 | €139,636 | €96,242 | -€43,394 | -31.1% |
| Financial fixed assets | 28 | €255,467,376 | €256,434,876 | +€967,500 | +0.4% |
| Current assets | 29/58 | €2,553,280 | €5,175,303 | +€2.6m | +103% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,032,840 | €1,783,376 | -€249,464 | -12.3% |
| Trade receivables | 40 | €140,052 | €136,012 | -€4,039 | -2.9% |
| Other amounts receivable | 41 | €1,892,789 | €1,647,364 | -€245,425 | -13.0% |
| Cash at bank and in hand | 54/58 | €302,998 | €3,138,994 | +€2.8m | +936% |
| Deferred charges and accrued income | 490/1 | €97,441 | €132,933 | +€35,492 | +36.4% |
| Total equity and liabilities | 10/49 | €261,930,667 | €265,333,271 | +€3.4m | +1.3% |
| Equity | 10/15 | €255,708,602 | €257,790,967 | +€2.1m | +0.8% |
| Contributions | 10/11 | €244,827,289 | €244,827,289 | = | 0.0% |
| Reserves | 13 | €10,881,314 | €12,963,679 | +€2.1m | +19.1% |
| Tax-exempt reserves | 132 | €3,431,427 | €3,431,427 | = | 0.0% |
| Distributable reserves | 133 | €7,449,887 | €9,532,252 | +€2.1m | +28.0% |
| Amounts payable | 17/49 | €6,222,065 | €7,542,304 | +€1.3m | +21.2% |
| Amounts payable after more than one year | 17 | €372,656 | €248,437 | -€124,219 | -33.3% |
| Financial debts | 170/4 | €372,656 | €248,437 | -€124,219 | -33.3% |
| Amounts payable within one year | 42/48 | €5,815,039 | €7,272,652 | +€1.5m | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €124,219 | €124,219 | = | 0.0% |
| Financial debts | 43 | €2,500,000 | €5,000,000 | +€2.5m | +100% |
| Credit institutions | 430/8 | €2,500,000 | €5,000,000 | +€2.5m | +100% |
| Trade debts | 44 | €31,389 | €5,690 | -€25,699 | -81.9% |
| Suppliers | 440/4 | €31,389 | €5,690 | -€25,699 | -81.9% |
| Taxes, remuneration and social security | 45 | €692,998 | €355,263 | -€337,735 | -48.7% |
| Taxes | 450/3 | €683,950 | €341,422 | -€342,528 | -50.1% |
| Remuneration and social security | 454/9 | €9,048 | €13,841 | +€4,793 | +53.0% |
| Other amounts payable | 47/48 | €2,466,433 | €1,787,480 | -€678,952 | -27.5% |
| Accrued charges and deferred income | 492/3 | €34,370 | €21,214 | -€13,156 | -38.3% |
| Remuneration, social security and pensions | 62 | €66,114 | €86,814 | +€20,699 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,174 | €178,862 | +€5,687 | +3.3% |
| Other operating charges | 640/8 | €8,161 | €3,714 | -€4,447 | -54.5% |
| Non-recurring operating charges | 66A | - | €100,825 | +€100,825 | |
| Gross operating margin | 9900 | €1,099,398 | €1,245,560 | +€146,162 | +13.3% |
| Operating profit (loss) | 9901 | €851,948 | €875,345 | +€23,397 | +2.7% |
| Financial income | 75/76B | €4,651,476 | €1,865,637 | -€2.8m | -59.9% |
| Recurring financial income | 75 | €4,651,476 | €1,865,637 | -€2.8m | -59.9% |
| Financial charges | 65/66B | €271,743 | €230,933 | -€40,810 | -15.0% |
| Recurring financial charges | 65 | €271,743 | €230,933 | -€40,810 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €5,231,681 | €2,510,049 | -€2.7m | -52.0% |
| Income taxes | 67/77 | €653,734 | €427,684 | -€226,050 | -34.6% |
| Profit (loss) for the period | 9904 | €4,577,947 | €2,082,365 | -€2.5m | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,577,947 | €2,082,365 | -€2.5m | -54.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.