HOFFMANN & DUPONT: 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.
What changed
HOFFMANN & DUPONT
NACE 43.211, General electrical installation work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€67,754
2024 · -€47,124-€20,630
Equity
€94,612
2024 · €162,366-€67,754
Cash
€27,724
2024 · €38,016-€10,292
Balance sheet total
€1.2m
2024 · €1.1m+€60,609
Largest movements
Assets
- Tangible fixed assets +€79,299
up €79,299 (+7.7%), from €1.0m to €1.1m
of which Land and buildings: +€102,529
Equity and liabilities
- Other debts +€140,789
up €140,789 (+33.4%), from €421,764 to €562,552
- Profit (loss) carried forward -€67,597
down €67,597 (-282%), from -€23,936 to -€91,533
- Debts after one year -€27,558
down €27,558 (-6.1%), from €452,765 to €425,207
of which Financial debts: -€25,858
- Trade debts +€15,439
up €15,439 (+59.9%), from €25,774 to €41,214
Income statement
- Gross operating margin -€13,459
down €13,459 (-12.6%), from €106,458 to €92,999
- Depreciation +€9,513
up €9,513 (+14.1%), from €67,352 to €76,864
- Financial charges -€5,056
down €5,056 (-24.7%), from €20,500 to €15,444
- Staff costs +€2,473
up €2,473 (+4.5%), from €55,063 to €57,535
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.
Result 2024
-€47,124
Gross operating margin
-€13,459
Staff costs
-€2,473
Depreciation
-€9,513
Write-downs
-€868
Other operating charges
+€522
Financial income
+€29
Financial charges
+€5,056
Taxes
+€76
Result 2025
-€67,754
raises the resultlowers the result
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.
From operations
+€173,147
Investment
-€156,164
Financing
-€27,275
Cash 2024
€38,016
From operations (derived)
+€173,147
Net result for the year
-€67,754
Depreciation
+€76,864
Receivables within one year
+€6,750
Deferred charges and accrued income
+€1,647
Provisions
-€67
Trade debts
+€15,439
Tax, wage and social debts
-€2,102
Other debts
+€140,789
Accrued charges and deferred income
+€1,580
Investment (derived)
-€156,164
Investment in fixed assets (net)
-€156,164
Financing
-€27,275
Debts after one year
-€27,558
Current portion of long-term debt
+€283
Cash 2025
€27,724
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,119,664 | €1,180,273 | +€60,609 | +5.4% |
| Fixed assets | 21/28 | €1,035,874 | €1,115,173 | +€79,299 | +7.7% |
| Tangible fixed assets | 22/27 | €1,035,124 | €1,114,423 | +€79,299 | +7.7% |
| Land and buildings | 22 | €925,213 | €1,027,741 | +€102,529 | +11.1% |
| Plant, machinery and equipment | 23 | €82,133 | €66,575 | -€15,558 | -18.9% |
| Furniture and vehicles | 24 | €27,778 | €20,106 | -€7,671 | -27.6% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €83,790 | €65,100 | -€18,690 | -22.3% |
| Amounts receivable within one year | 40/41 | €38,705 | €31,955 | -€6,750 | -17.4% |
| Trade receivables | 40 | €27,785 | €24,775 | -€3,010 | -10.8% |
| Other amounts receivable | 41 | €10,920 | €7,179 | -€3,740 | -34.3% |
| Cash at bank and in hand | 54/58 | €38,016 | €27,724 | -€10,292 | -27.1% |
| Deferred charges and accrued income | 490/1 | €7,069 | €5,422 | -€1,647 | -23.3% |
| Total equity and liabilities | 10/49 | €1,119,664 | €1,180,273 | +€60,609 | +5.4% |
| Equity | 10/15 | €162,366 | €94,612 | -€67,754 | -41.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €165,842 | €165,685 | -€157 | -0.1% |
| Tax-exempt reserves | 132 | €2,042 | €1,885 | -€157 | -7.7% |
| Distributable reserves | 133 | €163,800 | €163,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,936 | -€91,533 | -€67,597 | -282% |
| Provisions and deferred taxes | 16 | €875 | €808 | -€67 | -7.7% |
| Deferred taxes | 168 | €875 | €808 | -€67 | -7.7% |
| Amounts payable | 17/49 | €956,422 | €1,084,853 | +€128,431 | +13.4% |
| Amounts payable after more than one year | 17 | €452,765 | €425,207 | -€27,558 | -6.1% |
| Financial debts | 170/4 | €447,315 | €421,457 | -€25,858 | -5.8% |
| Other amounts payable | 178/9 | €5,450 | €3,750 | -€1,700 | -31.2% |
| Amounts payable within one year | 42/48 | €503,654 | €658,063 | +€154,409 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €25,575 | €25,858 | +€283 | +1.1% |
| Trade debts | 44 | €25,774 | €41,214 | +€15,439 | +59.9% |
| Suppliers | 440/4 | €25,774 | €41,214 | +€15,439 | +59.9% |
| Taxes, remuneration and social security | 45 | €30,541 | €28,439 | -€2,102 | -6.9% |
| Taxes | 450/3 | €20,338 | €21,568 | +€1,231 | +6.1% |
| Remuneration and social security | 454/9 | €10,203 | €6,870 | -€3,332 | -32.7% |
| Other amounts payable | 47/48 | €421,764 | €562,552 | +€140,789 | +33.4% |
| Accrued charges and deferred income | 492/3 | €3 | €1,583 | +€1,580 | +46,885% |
| Remuneration, social security and pensions | 62 | €55,063 | €57,535 | +€2,473 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,352 | €76,864 | +€9,513 | +14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€868 | - | +€868 | |
| Other operating charges | 640/8 | €11,162 | €10,640 | -€522 | -4.7% |
| Gross operating margin | 9900 | €106,458 | €92,999 | -€13,459 | -12.6% |
| Operating profit (loss) | 9901 | -€26,251 | -€52,041 | -€25,790 | -98.2% |
| Financial income | 75/76B | €21 | €49 | +€29 | +139% |
| Recurring financial income | 75 | €21 | €49 | +€29 | +139% |
| Financial charges | 65/66B | €20,500 | €15,444 | -€5,056 | -24.7% |
| Recurring financial charges | 65 | €20,500 | €15,444 | -€5,056 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | -€46,730 | -€67,436 | -€20,706 | -44.3% |
| Transfer from deferred taxes | 780 | €67 | €67 | = | 0.0% |
| Income taxes | 67/77 | €462 | €386 | -€76 | -16.5% |
| Profit (loss) for the period | 9904 | -€47,124 | -€67,754 | -€20,630 | -43.8% |
| Transfer from tax-exempt reserves | 789 | €157 | €157 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,967 | -€67,597 | -€20,630 | -43.9% |
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 25 October 2026 via checked.be.