HOF TOITURES: what changed
HOF TOITURES
Largest movements
- Receivables within one year +€58,773
up €58,773 (+458%), from €12,843 to €71,615
of which Other amounts receivable: +€51,750
- Cash -€24,575
down €24,575 (-96.1%), from €25,574 to €999
mainly Net result for the year (-€117,654) and Receivables within one year (-€58,773)
- Tangible fixed assets -€14,372
down €14,372 (-50.3%), from €28,601 to €14,229
of which Furniture and vehicles: -€14,025
- Trade debts +€119,670
up €119,670 (+626%), from €19,111 to €138,781
- Profit (loss) carried forward -€117,654
down €117,654, from €4,260 to -€113,393
- Short-term financial debts +€15,763
up €15,763 (+484%), from €3,254 to €19,018
- Current portion of long-term debt -€6,903
down €6,903 (-75.4%), from €9,151 to €2,248
- Other debts +€6,134
up €6,134 (+619%), from €990 to €7,124
- Staff costs +€76,428
up €76,428 (+55.0%), from €139,029 to €215,457
- Gross operating margin -€65,547
down €65,547 (-34.3%), from €190,937 to €125,390
- Taxes -€4,181
no longer reported in 2025 (was €4,181)
- Other operating charges +€2,085
up €2,085 (+68.2%), from €3,055 to €5,140
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 | €76,238 | €96,063 | +€19,825 | +26.0% |
| Fixed assets | 21/28 | €37,821 | €23,449 | -€14,372 | -38.0% |
| Tangible fixed assets | 22/27 | €28,601 | €14,229 | -€14,372 | -50.3% |
| Plant, machinery and equipment | 23 | €2,341 | €1,994 | -€347 | -14.8% |
| Furniture and vehicles | 24 | €26,260 | €12,235 | -€14,025 | -53.4% |
| Financial fixed assets | 28 | €9,220 | €9,220 | = | 0.0% |
| Current assets | 29/58 | €38,417 | €72,614 | +€34,197 | +89.0% |
| Amounts receivable within one year | 40/41 | €12,843 | €71,615 | +€58,773 | +458% |
| Trade receivables | 40 | €5,165 | €12,187 | +€7,022 | +136% |
| Other amounts receivable | 41 | €7,677 | €59,428 | +€51,750 | +674% |
| Cash at bank and in hand | 54/58 | €25,574 | €999 | -€24,575 | -96.1% |
| Total equity and liabilities | 10/49 | €76,238 | €96,063 | +€19,825 | +26.0% |
| Equity | 10/15 | €31,069 | -€86,584 | -€117,654 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,609 | €20,609 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,260 | -€113,393 | -€117,654 | |
| Amounts payable | 17/49 | €45,169 | €182,647 | +€137,479 | +304% |
| Amounts payable after more than one year | 17 | €1,537 | - | -€1,537 | |
| Financial debts | 170/4 | €1,537 | - | -€1,537 | |
| Amounts payable within one year | 42/48 | €43,632 | €182,647 | +€139,015 | +319% |
| Current portion of amounts payable after more than one year | 42 | €9,151 | €2,248 | -€6,903 | -75.4% |
| Financial debts | 43 | €3,254 | €19,018 | +€15,763 | +484% |
| Credit institutions | 430/8 | €3,254 | €19,018 | +€15,763 | +484% |
| Trade debts | 44 | €19,111 | €138,781 | +€119,670 | +626% |
| Suppliers | 440/4 | €19,111 | €138,781 | +€119,670 | +626% |
| Taxes, remuneration and social security | 45 | €11,125 | €15,476 | +€4,351 | +39.1% |
| Taxes | 450/3 | €11,125 | €11,125 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €4,351 | +€4,351 | |
| Other amounts payable | 47/48 | €990 | €7,124 | +€6,134 | +619% |
| Non-recurring operating income | 76A | €884 | - | -€884 | |
| Remuneration, social security and pensions | 62 | €139,029 | €215,457 | +€76,428 | +55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,264 | €15,672 | +€409 | +2.7% |
| Other operating charges | 640/8 | €3,055 | €5,140 | +€2,085 | +68.2% |
| Gross operating margin | 9900 | €190,937 | €125,390 | -€65,547 | -34.3% |
| Operating profit (loss) | 9901 | €33,590 | -€110,879 | -€144,469 | |
| Financial income | 75/76B | €463 | €706 | +€243 | +52.5% |
| Recurring financial income | 75 | €13 | €706 | +€693 | +5,263% |
| Non-recurring financial income | 76B | €450 | - | -€450 | |
| Financial charges | 65/66B | €5,611 | €7,481 | +€1,869 | +33.3% |
| Recurring financial charges | 65 | €5,611 | €7,481 | +€1,869 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €28,441 | -€117,654 | -€146,095 | |
| Income taxes | 67/77 | €4,181 | - | -€4,181 | |
| Profit (loss) for the period | 9904 | €24,260 | -€117,654 | -€141,914 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,260 | -€117,654 | -€141,914 |
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 3 November 2026 via checked.be.