HOF TER WEZE: 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 WEZE
Largest movements
- Tangible fixed assets -€34,677
down €34,677 (-4.4%), from €795,446 to €760,769
of which Land and buildings: -€34,330
- Cash -€12,374
down €12,374 (-79.7%), from €15,519 to €3,145
mainly Debts after one year (-€84,408) and Investment in fixed assets (net) (-€24,497)
- Debts after one year -€84,408
down €84,408 (-36.8%), from €229,193 to €144,785
- Other debts +€40,100
up €40,100 (+36.7%), from €109,235 to €149,335
- Revaluation surpluses -€22,222
down €22,222 (-11.1%), from €200,000 to €177,778
- Reserves +€14,119
up €14,119 (+7.8%), from €181,014 to €195,133
- Gross operating margin -€8,668
down €8,668 (-10.2%), from €84,956 to €76,288
- Taxes -€2,836
down €2,836 (-37.1%), from €7,636 to €4,800
- Financial charges +€2,001
up €2,001 (+34.4%), from €5,814 to €7,815
- Depreciation +€851
up €851 (+1.5%), from €58,323 to €59,174
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 | €812,208 | €764,114 | -€48,094 | -5.9% |
| Fixed assets | 21/28 | €795,446 | €760,769 | -€34,677 | -4.4% |
| Tangible fixed assets | 22/27 | €795,446 | €760,769 | -€34,677 | -4.4% |
| Land and buildings | 22 | €795,087 | €760,757 | -€34,330 | -4.3% |
| Plant, machinery and equipment | 23 | €359 | €12 | -€347 | -96.7% |
| Current assets | 29/58 | €16,762 | €3,345 | -€13,417 | -80.0% |
| Amounts receivable within one year | 40/41 | €1,243 | €200 | -€1,043 | -83.9% |
| Other amounts receivable | 41 | €1,243 | €200 | -€1,043 | -83.9% |
| Cash at bank and in hand | 54/58 | €15,519 | €3,145 | -€12,374 | -79.7% |
| Total equity and liabilities | 10/49 | €812,208 | €764,114 | -€48,094 | -5.9% |
| Equity | 10/15 | €387,314 | €379,211 | -€8,103 | -2.1% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Revaluation surpluses | 12 | €200,000 | €177,778 | -€22,222 | -11.1% |
| Reserves | 13 | €181,014 | €195,133 | +€14,119 | +7.8% |
| Distributable reserves | 133 | €181,014 | €195,133 | +€14,119 | +7.8% |
| Amounts payable | 17/49 | €424,894 | €384,903 | -€39,991 | -9.4% |
| Amounts payable after more than one year | 17 | €229,193 | €144,785 | -€84,408 | -36.8% |
| Financial debts | 170/4 | €229,193 | €144,785 | -€84,408 | -36.8% |
| Amounts payable within one year | 42/48 | €194,698 | €240,118 | +€45,420 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €83,545 | €84,408 | +€863 | +1.0% |
| Financial debts | 43 | - | €4,174 | +€4,174 | |
| Credit institutions | 430/8 | - | €4,174 | +€4,174 | |
| Trade debts | 44 | €1,094 | €862 | -€232 | -21.2% |
| Suppliers | 440/4 | €1,094 | €862 | -€232 | -21.2% |
| Taxes, remuneration and social security | 45 | €824 | €1,339 | +€515 | +62.5% |
| Taxes | 450/3 | €824 | €1,339 | +€515 | +62.5% |
| Other amounts payable | 47/48 | €109,235 | €149,335 | +€40,100 | +36.7% |
| Accrued charges and deferred income | 492/3 | €1,002 | - | -€1,002 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,323 | €59,174 | +€851 | +1.5% |
| Other operating charges | 640/8 | €12,498 | €12,603 | +€105 | +0.8% |
| Gross operating margin | 9900 | €84,956 | €76,288 | -€8,668 | -10.2% |
| Operating profit (loss) | 9901 | €14,136 | €4,511 | -€9,624 | -68.1% |
| Financial charges | 65/66B | €5,814 | €7,815 | +€2,001 | +34.4% |
| Recurring financial charges | 65 | €5,814 | €7,815 | +€2,001 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €8,322 | -€3,303 | -€11,626 | |
| Income taxes | 67/77 | €7,636 | €4,800 | -€2,836 | -37.1% |
| Profit (loss) for the period | 9904 | €686 | -€8,103 | -€8,789 | |
| Profit (loss) for the period to be appropriated | 9905 | €686 | -€8,103 | -€8,789 |
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 30 October 2026 via checked.be.