HOF VAN RAMEYEN: 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 VAN RAMEYEN
Largest movements
- Tangible fixed assets +€4.9m
up €4.9m (+34.3%), from €14.2m to €19.1m
of which Land and buildings: +€4.9m
- Cash -€371,291
down €371,291 (-80.5%), from €461,092 to €89,802
mainly Investment in fixed assets (net) (-€4.9m) and Net result for the year (-€9,462)
- Other debts +€4.4m
up €4.4m (+872,969%), from €506 to €4.4m
- Staff costs +€124,432
up €124,432 (+133%), from €93,621 to €218,053
- Gross operating margin +€113,579
up €113,579 (+78.3%), from €145,112 to €258,690
- Other operating charges -€7,952
down €7,952 (-27.7%), from €28,749 to €20,797
- Depreciation +€4,834
up €4,834 (+23.0%), from €21,006 to €25,840
- Taxes -€2,765
down €2,765 (-85.3%), from €3,243 to €478
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 | €14,721,234 | €19,211,953 | +€4.5m | +30.5% |
| Fixed assets | 21/28 | €14,234,219 | €19,108,404 | +€4.9m | +34.2% |
| Tangible fixed assets | 22/27 | €14,215,619 | €19,089,804 | +€4.9m | +34.3% |
| Land and buildings | 22 | €13,814,460 | €18,697,605 | +€4.9m | +35.3% |
| Plant, machinery and equipment | 23 | €34,315 | €28,968 | -€5,348 | -15.6% |
| Furniture and vehicles | 24 | €366,844 | €363,232 | -€3,612 | -1.0% |
| Financial fixed assets | 28 | €18,600 | €18,600 | = | 0.0% |
| Current assets | 29/58 | €487,015 | €103,549 | -€383,465 | -78.7% |
| Amounts receivable within one year | 40/41 | €10,146 | €10,768 | +€622 | +6.1% |
| Trade receivables | 40 | €10,146 | €10,768 | +€622 | +6.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €461,092 | €89,802 | -€371,291 | -80.5% |
| Deferred charges and accrued income | 490/1 | €15,776 | €2,980 | -€12,796 | -81.1% |
| Total equity and liabilities | 10/49 | €14,721,234 | €19,211,953 | +€4.5m | +30.5% |
| Equity | 10/15 | €14,700,240 | €14,690,779 | -€9,462 | -0.1% |
| Contributions | 10/11 | €14,163,408 | €14,163,408 | = | 0.0% |
| Capital | 10 | €14,163,408 | €14,163,408 | = | 0.0% |
| Issued capital | 100 | €14,163,408 | €14,163,408 | = | 0.0% |
| Revaluation surpluses | 12 | €4,351,305 | €4,351,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,814,473 | -€3,823,935 | -€9,462 | -0.2% |
| Amounts payable | 17/49 | €20,994 | €4,521,174 | +€4.5m | +21,436% |
| Amounts payable within one year | 42/48 | €20,866 | €4,521,024 | +€4.5m | +21,567% |
| Trade debts | 44 | €11,213 | €79,580 | +€68,367 | +610% |
| Suppliers | 440/4 | €11,213 | €79,580 | +€68,367 | +610% |
| Taxes, remuneration and social security | 45 | €9,147 | €20,834 | +€11,687 | +128% |
| Taxes | 450/3 | €3,243 | €478 | -€2,765 | -85.3% |
| Remuneration and social security | 454/9 | €5,904 | €20,356 | +€14,452 | +245% |
| Other amounts payable | 47/48 | €506 | €4,420,610 | +€4.4m | +872,969% |
| Accrued charges and deferred income | 492/3 | €128 | €150 | +€22 | +17.3% |
| Remuneration, social security and pensions | 62 | €93,621 | €218,053 | +€124,432 | +133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,006 | €25,840 | +€4,834 | +23.0% |
| Other operating charges | 640/8 | €28,749 | €20,797 | -€7,952 | -27.7% |
| Gross operating margin | 9900 | €145,112 | €258,690 | +€113,579 | +78.3% |
| Operating profit (loss) | 9901 | €1,735 | -€6,000 | -€7,735 | |
| Financial charges | 65/66B | €1,735 | €2,984 | +€1,249 | +72.0% |
| Recurring financial charges | 65 | €1,735 | €2,984 | +€1,249 | +72.0% |
| Profit (loss) for the period before taxes | 9903 | €0 | -€8,984 | -€8,984 | |
| Income taxes | 67/77 | €3,243 | €478 | -€2,765 | -85.3% |
| Profit (loss) for the period | 9904 | -€3,243 | -€9,462 | -€6,219 | -192% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,243 | -€9,462 | -€6,219 | -192% |
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 24 October 2026 via checked.be.