HOF TER ROYE: what changed
HOF TER ROYE
Largest movements
- Cash +€30,628
up €30,628 (+43.4%), from €70,602 to €101,230
mainly Net result for the year (+€30,152) and Depreciation (+€18,894)
- Tangible fixed assets -€13,139
down €13,139 (-16.8%), from €77,995 to €64,856
of which Plant, machinery and equipment: -€6,636
- Reserves +€20,037
up €20,037 (+16.0%), from €125,308 to €145,345
- Current portion of long-term debt -€8,631
no longer reported in 2025 (was €8,631)
- Trade debts +€5,466
up €5,466 (+178%), from €3,070 to €8,536
- Tax, wage and social debts -€2,915
down €2,915 (-22.6%), from €12,908 to €9,993
of which Taxes: -€5,196
- Financial charges -€3,626
down €3,626 (-72.5%), from €5,004 to €1,378
of which Non-recurring financial charges: -€2,588
- Depreciation +€1,948
up €1,948 (+11.5%), from €16,946 to €18,894
- Taxes +€888
up €888 (+8.2%), from €10,800 to €11,688
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,161 | €189,478 | +€14,317 | +8.2% |
| Fixed assets | 21/28 | €77,995 | €64,856 | -€13,139 | -16.8% |
| Tangible fixed assets | 22/27 | €77,995 | €64,856 | -€13,139 | -16.8% |
| Land and buildings | 22 | €53,871 | €47,257 | -€6,614 | -12.3% |
| Plant, machinery and equipment | 23 | €23,683 | €17,047 | -€6,636 | -28.0% |
| Furniture and vehicles | 24 | €441 | €552 | +€111 | +25.2% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €97,166 | €124,622 | +€27,456 | +28.3% |
| Amounts receivable within one year | 40/41 | €1,888 | - | -€1,888 | |
| Other amounts receivable | 41 | €1,888 | - | -€1,888 | |
| Cash at bank and in hand | 54/58 | €70,602 | €101,230 | +€30,628 | +43.4% |
| Deferred charges and accrued income | 490/1 | €24,676 | €23,392 | -€1,284 | -5.2% |
| Total equity and liabilities | 10/49 | €175,161 | €189,478 | +€14,317 | +8.2% |
| Equity | 10/15 | €146,351 | €166,388 | +€20,037 | +13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €125,308 | €145,345 | +€20,037 | +16.0% |
| Distributable reserves | 133 | €125,308 | €145,345 | +€20,037 | +16.0% |
| Profit (loss) carried forward | 14 | €14,843 | €14,843 | = | 0.0% |
| Amounts payable | 17/49 | €28,810 | €23,091 | -€5,720 | -19.9% |
| Amounts payable within one year | 42/48 | €28,810 | €23,091 | -€5,720 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €8,631 | - | -€8,631 | |
| Financial debts | 43 | €1,885 | €2,000 | +€115 | +6.1% |
| Credit institutions | 430/8 | €1,885 | €2,000 | +€115 | +6.1% |
| Trade debts | 44 | €3,070 | €8,536 | +€5,466 | +178% |
| Suppliers | 440/4 | €3,070 | €8,536 | +€5,466 | +178% |
| Taxes, remuneration and social security | 45 | €12,908 | €9,993 | -€2,915 | -22.6% |
| Taxes | 450/3 | €11,636 | €6,440 | -€5,196 | -44.7% |
| Remuneration and social security | 454/9 | €1,272 | €3,552 | +€2,281 | +179% |
| Other amounts payable | 47/48 | €2,316 | €2,562 | +€245 | +10.6% |
| Remuneration, social security and pensions | 62 | €26,186 | €26,200 | +€14 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,946 | €18,894 | +€1,948 | +11.5% |
| Other operating charges | 640/8 | €818 | €910 | +€91 | +11.2% |
| Gross operating margin | 9900 | €87,784 | €88,293 | +€509 | +0.6% |
| Operating profit (loss) | 9901 | €43,833 | €42,289 | -€1,544 | -3.5% |
| Financial income | 75/76B | €268 | €929 | +€661 | +247% |
| Recurring financial income | 75 | €268 | €929 | +€661 | +247% |
| Financial charges | 65/66B | €5,004 | €1,378 | -€3,626 | -72.5% |
| Recurring financial charges | 65 | €2,416 | €1,378 | -€1,038 | -43.0% |
| Non-recurring financial charges | 66B | €2,588 | - | -€2,588 | |
| Profit (loss) for the period before taxes | 9903 | €39,097 | €41,840 | +€2,743 | +7.0% |
| Income taxes | 67/77 | €10,800 | €11,688 | +€888 | +8.2% |
| Profit (loss) for the period | 9904 | €28,297 | €30,152 | +€1,856 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,297 | €30,152 | +€1,856 | +6.6% |
Next steps
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 1 November 2026 via checked.be.