Hoff BV: what changed
Hoff BV
Largest movements
- Receivables within one year +€44,469
up €44,469 (+45.7%), from €97,369 to €141,838
of which Other amounts receivable: +€26,561
- Stocks and contracts -€25,833
down €25,833 (-13.0%), from €199,011 to €173,179
of which Contracts in progress: -€13,218
- Cash -€18,072
down €18,072 (-76.8%), from €23,530 to €5,459
mainly Other debts (-€91,934) and Investment in fixed assets (net) (-€47,675)
- Tangible fixed assets +€13,715
up €13,715 (+16.3%), from €84,355 to €98,070
of which Furniture and vehicles: +€27,237
- Intangible fixed assets -€10,000
down €10,000 (-16.0%), from €62,630 to €52,630
- Other debts -€91,934
down €91,934 (-51.3%), from €179,094 to €87,159
- Trade debts +€85,321
up €85,321 (+128%), from €66,796 to €152,117
- Profit (loss) carried forward +€14,551
up €14,551 (+14.1%), from €103,064 to €117,616
- Current portion of long-term debt -€10,692
down €10,692 (-23.1%), from €46,333 to €35,641
- Debts after one year +€9,441
up €9,441 (+15.2%), from €62,090 to €71,530
- Gross operating margin +€57,169
up €57,169 (+44.5%), from €128,605 to €185,774
- Staff costs +€40,029
up €40,029 (+68.9%), from €58,087 to €98,116
- Other operating charges +€17,572
up €17,572 (+769%), from €2,284 to €19,857
- Depreciation -€7,463
down €7,463 (-14.5%), from €51,423 to €43,960
- Taxes +€2,793
up €2,793 (+104%), from €2,680 to €5,473
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 | €468,642 | €473,209 | +€4,567 | +1.0% |
| Fixed assets | 21/28 | €146,985 | €150,700 | +€3,715 | +2.5% |
| Intangible fixed assets | 21 | €62,630 | €52,630 | -€10,000 | -16.0% |
| Tangible fixed assets | 22/27 | €84,355 | €98,070 | +€13,715 | +16.3% |
| Plant, machinery and equipment | 23 | €4,688 | €0 | -€4,688 | -100% |
| Furniture and vehicles | 24 | €36,193 | €63,430 | +€27,237 | +75.3% |
| Leasing and similar rights | 25 | €6,042 | €1,577 | -€4,465 | -73.9% |
| Other tangible fixed assets | 26 | €37,432 | €33,063 | -€4,369 | -11.7% |
| Current assets | 29/58 | €321,657 | €322,509 | +€852 | +0.3% |
| Stocks and contracts in progress | 3 | €199,011 | €173,179 | -€25,833 | -13.0% |
| Stocks | 30/36 | €118,379 | €105,764 | -€12,615 | -10.7% |
| Contracts in progress | 37 | €80,632 | €67,415 | -€13,218 | -16.4% |
| Amounts receivable within one year | 40/41 | €97,369 | €141,838 | +€44,469 | +45.7% |
| Trade receivables | 40 | €79,438 | €97,346 | +€17,908 | +22.5% |
| Other amounts receivable | 41 | €17,931 | €44,492 | +€26,561 | +148% |
| Cash at bank and in hand | 54/58 | €23,530 | €5,459 | -€18,072 | -76.8% |
| Deferred charges and accrued income | 490/1 | €1,746 | €2,034 | +€287 | +16.5% |
| Total equity and liabilities | 10/49 | €468,642 | €473,209 | +€4,567 | +1.0% |
| Equity | 10/15 | €109,364 | €123,916 | +€14,551 | +13.3% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,064 | €117,616 | +€14,551 | +14.1% |
| Amounts payable | 17/49 | €359,278 | €349,293 | -€9,984 | -2.8% |
| Amounts payable after more than one year | 17 | €62,090 | €71,530 | +€9,441 | +15.2% |
| Financial debts | 170/4 | €62,090 | €71,530 | +€9,441 | +15.2% |
| Amounts payable within one year | 42/48 | €297,188 | €277,763 | -€19,425 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €46,333 | €35,641 | -€10,692 | -23.1% |
| Financial debts | 43 | €1,590 | €1,927 | +€336 | +21.2% |
| Credit institutions | 430/8 | €1,590 | €1,927 | +€336 | +21.2% |
| Trade debts | 44 | €66,796 | €152,117 | +€85,321 | +128% |
| Suppliers | 440/4 | €66,796 | €152,117 | +€85,321 | +128% |
| Taxes, remuneration and social security | 45 | €3,376 | €919 | -€2,457 | -72.8% |
| Taxes | 450/3 | €1,009 | €180 | -€829 | -82.2% |
| Remuneration and social security | 454/9 | €2,367 | €739 | -€1,627 | -68.8% |
| Other amounts payable | 47/48 | €179,094 | €87,159 | -€91,934 | -51.3% |
| Remuneration, social security and pensions | 62 | €58,087 | €98,116 | +€40,029 | +68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,423 | €43,960 | -€7,463 | -14.5% |
| Other operating charges | 640/8 | €2,284 | €19,857 | +€17,572 | +769% |
| Gross operating margin | 9900 | €128,605 | €185,774 | +€57,169 | +44.5% |
| Operating profit (loss) | 9901 | €16,810 | €23,841 | +€7,031 | +41.8% |
| Financial income | 75/76B | €575 | €1,710 | +€1,135 | +197% |
| Recurring financial income | 75 | €575 | €1,710 | +€1,135 | +197% |
| Financial charges | 65/66B | €6,884 | €5,527 | -€1,357 | -19.7% |
| Recurring financial charges | 65 | €6,884 | €5,527 | -€1,357 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €10,502 | €20,024 | +€9,523 | +90.7% |
| Income taxes | 67/77 | €2,680 | €5,473 | +€2,793 | +104% |
| Profit (loss) for the period | 9904 | €7,822 | €14,551 | +€6,730 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,822 | €14,551 | +€6,730 | +86.0% |
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.