HOFF & CO: what changed
Two fiscal 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.
HOFF & CO
Largest movements
- Tangible fixed assets -€8,905
down €8,905 (-17.3%), from €51,428 to €42,523
of which Furniture and vehicles: -€7,335
- Receivables within one year +€6,173
up €6,173 (+645.2%), from €957 to €7,130
of which Trade receivables: +€6,321
- Cash -€4,271
down €4,271 (-68.7%), from €6,216 to €1,946
mainly Net result for the year (-€16,779) and Receivables within one year (-€6,173)
- Profit (loss) carried forward -€16,779
down €16,779 (-67.5%), from €24,859 to €8,081
- Trade debts +€12,787
up €12,787 (+933.1%), from €1,370 to €14,158
- Debts after one year -€3,381
down €3,381 (-17.4%), from €19,405 to €16,024
- Current portion of long-term debt -€1,493
down €1,493 (-13.2%), from €11,346 to €9,852
- Tax, wage and social debts +€945
up €945 (+72.1%), from €1,311 to €2,255
of which Remuneration and social security: +€537
- Gross operating margin -€32,776
down €32,776 (-95.6%), from €34,288 to €1,512
- Staff costs -€15,657
down €15,657 (-87.7%), from €17,853 to €2,195
- Depreciation +€3,979
up €3,979 (+61.3%), from €6,488 to €10,467
- Financial charges +€1,591
up €1,591 (+93.7%), from €1,698 to €3,289
- Taxes -€993
down €993 (-75.8%), from €1,311 to €318
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,430 | €52,283 | -€7,147 | -12.0% |
| Fixed assets | 21/28 | €51,428 | €42,523 | -€8,905 | -17.3% |
| Tangible fixed assets | 22/27 | €51,428 | €42,523 | -€8,905 | -17.3% |
| Plant, machinery and equipment | 23 | €17,117 | €15,547 | -€1,570 | -9.2% |
| Furniture and vehicles | 24 | €34,311 | €26,976 | -€7,335 | -21.4% |
| Current assets | 29/58 | €8,002 | €9,760 | +€1,758 | +22.0% |
| Amounts receivable within one year | 40/41 | €957 | €7,130 | +€6,173 | +645.2% |
| Trade receivables | 40 | €808 | €7,130 | +€6,321 | +782.0% |
| Other amounts receivable | 41 | €148 | - | -€148 | |
| Cash at bank and in hand | 54/58 | €6,216 | €1,946 | -€4,271 | -68.7% |
| Deferred charges and accrued income | 490/1 | €829 | €684 | -€144 | -17.4% |
| Total equity and liabilities | 10/49 | €59,430 | €52,283 | -€7,147 | -12.0% |
| Equity | 10/15 | €25,859 | €9,081 | -€16,779 | -64.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,859 | €8,081 | -€16,779 | -67.5% |
| Amounts payable | 17/49 | €33,571 | €43,203 | +€9,632 | +28.7% |
| Amounts payable after more than one year | 17 | €19,405 | €16,024 | -€3,381 | -17.4% |
| Financial debts | 170/4 | €19,405 | €16,024 | -€3,381 | -17.4% |
| Amounts payable within one year | 42/48 | €14,166 | €27,179 | +€13,013 | +91.9% |
| Current portion of amounts payable after more than one year | 42 | €11,346 | €9,852 | -€1,493 | -13.2% |
| Trade debts | 44 | €1,370 | €14,158 | +€12,787 | +933.1% |
| Suppliers | 440/4 | €1,370 | €14,158 | +€12,787 | +933.1% |
| Taxes, remuneration and social security | 45 | €1,311 | €2,255 | +€945 | +72.1% |
| Taxes | 450/3 | €1,311 | €1,718 | +€408 | +31.1% |
| Remuneration and social security | 454/9 | - | €537 | +€537 | |
| Other amounts payable | 47/48 | €139 | €914 | +€775 | +556.1% |
| Remuneration, social security and pensions | 62 | €17,853 | €2,195 | -€15,657 | -87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,488 | €10,467 | +€3,979 | +61.3% |
| Other operating charges | 640/8 | €2,085 | €1,482 | -€603 | -28.9% |
| Non-recurring operating charges | 66A | - | €539 | +€539 | |
| Gross operating margin | 9900 | €34,288 | €1,512 | -€32,776 | -95.6% |
| Operating profit (loss) | 9901 | €7,862 | -€13,172 | -€21,034 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -94.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -94.0% |
| Financial charges | 65/66B | €1,698 | €3,289 | +€1,591 | +93.7% |
| Recurring financial charges | 65 | €1,698 | €3,289 | +€1,591 | +93.7% |
| Profit (loss) for the period before taxes | 9903 | €6,165 | -€16,461 | -€22,626 | |
| Income taxes | 67/77 | €1,311 | €318 | -€993 | -75.8% |
| Profit (loss) for the period | 9904 | €4,854 | -€16,779 | -€21,633 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,854 | -€16,779 | -€21,633 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.