HOFFMANN M.: 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.
HOFFMANN M.
Largest movements
- Cash -€79,383
down €79,383 (-68.4%), from €115,978 to €36,595
mainly Receivables within one year (-€45,802) and Contributions, distributions and other (-€20,000)
- Receivables within one year +€45,802
up €45,802 (+1175.0%), from €3,898 to €49,700
of which Trade receivables: +€38,539
- Tangible fixed assets -€3,775
down €3,775 (-31.1%), from €12,156 to €8,381
of which Other tangible fixed assets: -€2,646
- Tax, wage and social debts -€15,718
down €15,718 (-40.0%), from €39,326 to €23,608
of which Taxes: -€17,376
- Other debts -€12,680
down €12,680 (-24.1%), from €52,682 to €40,002
- Trade debts -€9,387
down €9,387 (-65.1%), from €14,409 to €5,022
- Reserves +€2,000
up €2,000 (+25.4%), from €7,860 to €9,860
of which Distributable reserves: +€2,000
- Profit (loss) carried forward -€1,517
down €1,517 (-68.2%), from €2,223 to €706
- Staff costs +€35,331
up €35,331 (+20.9%), from €168,884 to €204,215
- Gross operating margin -€12,380
down €12,380 (-4.8%), from €256,130 to €243,750
- Taxes -€11,389
down €11,389 (-61.3%), from €18,594 to €7,205
- Financial income -€4,570
down €4,570 (-78.6%), from €5,812 to €1,242
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.
Cash bridge derived
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 | €141,423 | €104,135 | -€37,288 | -26.4% |
| Fixed assets | 21/28 | €12,206 | €8,431 | -€3,775 | -30.9% |
| Tangible fixed assets | 22/27 | €12,156 | €8,381 | -€3,775 | -31.1% |
| Plant, machinery and equipment | 23 | €2,553 | €2,019 | -€534 | -20.9% |
| Furniture and vehicles | 24 | €4,920 | €4,325 | -€595 | -12.1% |
| Other tangible fixed assets | 26 | €4,683 | €2,037 | -€2,646 | -56.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €129,217 | €95,704 | -€33,513 | -25.9% |
| Amounts receivable within one year | 40/41 | €3,898 | €49,700 | +€45,802 | +1175.0% |
| Trade receivables | 40 | €1,601 | €40,140 | +€38,539 | +2407.2% |
| Other amounts receivable | 41 | €2,297 | €9,560 | +€7,263 | +316.2% |
| Cash at bank and in hand | 54/58 | €115,978 | €36,595 | -€79,383 | -68.4% |
| Deferred charges and accrued income | 490/1 | €9,341 | €9,409 | +€68 | +0.7% |
| Total equity and liabilities | 10/49 | €141,423 | €104,135 | -€37,288 | -26.4% |
| Equity | 10/15 | €28,683 | €29,166 | +€483 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,860 | €9,860 | +€2,000 | +25.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €8,000 | +€2,000 | +33.3% |
| Profit (loss) carried forward | 14 | €2,223 | €706 | -€1,517 | -68.2% |
| Amounts payable | 17/49 | €112,740 | €74,969 | -€37,771 | -33.5% |
| Amounts payable within one year | 42/48 | €112,740 | €74,969 | -€37,771 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €6,323 | €6,337 | +€14 | +0.2% |
| Trade debts | 44 | €14,409 | €5,022 | -€9,387 | -65.1% |
| Suppliers | 440/4 | €14,409 | €5,022 | -€9,387 | -65.1% |
| Taxes, remuneration and social security | 45 | €39,326 | €23,608 | -€15,718 | -40.0% |
| Taxes | 450/3 | €26,970 | €9,594 | -€17,376 | -64.4% |
| Remuneration and social security | 454/9 | €12,356 | €14,014 | +€1,658 | +13.4% |
| Other amounts payable | 47/48 | €52,682 | €40,002 | -€12,680 | -24.1% |
| Non-recurring operating income | 76A | - | €1,488 | +€1,488 | |
| Remuneration, social security and pensions | 62 | €168,884 | €204,215 | +€35,331 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,884 | €6,414 | +€530 | +9.0% |
| Other operating charges | 640/8 | €2,111 | €4,112 | +€2,001 | +94.8% |
| Gross operating margin | 9900 | €256,130 | €243,750 | -€12,380 | -4.8% |
| Operating profit (loss) | 9901 | €79,251 | €29,009 | -€50,242 | -63.4% |
| Financial income | 75/76B | €5,812 | €1,242 | -€4,570 | -78.6% |
| Recurring financial income | 75 | €5,812 | €1,242 | -€4,570 | -78.6% |
| Financial charges | 65/66B | €1,837 | €2,563 | +€726 | +39.5% |
| Recurring financial charges | 65 | €1,837 | €2,563 | +€726 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €83,226 | €27,688 | -€55,538 | -66.7% |
| Income taxes | 67/77 | €18,594 | €7,205 | -€11,389 | -61.3% |
| Profit (loss) for the period | 9904 | €64,632 | €20,483 | -€44,149 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,632 | €20,483 | -€44,149 | -68.3% |
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 11 October 2026 via checked.be.