HOFFMANN TRADE: 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 TRADE
NACE 46.832, Wholesale of timber
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€280,696
2024 · €66,785+€213,911
Equity
€14.5m
2024 · €14.2m+€280,696
Cash
€4.6m
2024 · €2.7m+€1.9m
Balance sheet total
€21.9m
2024 · €20.1m+€1.9m
Largest movements
Assets
- Cash +€1.9m
up €1.9m (+68.2%), from €2.7m to €4.6m
mainly Trade debts (+€1.5m) and Current investments (+€749,990)
- Current investments -€749,990
down €749,990 (-20.5%), from €3.7m to €2.9m
- Stocks and contracts +€510,980
up €510,980 (+5.4%), from €9.5m to €10.0m
- Receivables within one year +€296,253
up €296,253 (+7.3%), from €4.1m to €4.4m
of which Trade receivables: +€755,003
Equity and liabilities
- Trade debts +€1.5m
up €1.5m (+27.3%), from €5.5m to €7.0m
- Profit (loss) carried forward +€280,696
up €280,696 (+2.0%), from €14.1m to €14.4m
Income statement
- Turnover +€4.2m
up €4.2m (+16.7%), from €25.2m to €29.4m
- Goods and materials +€2.2m
up €2.2m (+15.0%), from €14.7m to €16.9m
of which Change in stocks: decrease (increase): +€1.9m
- Services and other goods +€1.6m
up €1.6m (+17.0%), from €9.5m to €11.1m
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
€66,785
Turnover
+€4.2m
Other operating income
-€11,744
Goods and materials
-€2.2m
Services and other goods
-€1.6m
Staff costs
-€57,201
Depreciation
+€14,253
Other operating charges
-€34
Other operating items
+€107,786
Financial income
-€169,446
Financial charges
-€7,146
Taxes
-€67,799
Result 2025
€280,696
raises the resultlowers the resultnot broken down further in the accounts
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
+€1.1m
Investment
+€739,439
Financing
€0
Cash 2024
€2.7m
From operations (derived)
+€1.1m
Net result for the year
+€280,696
Depreciation
+€26,114
Stocks and contracts
-€510,980
Receivables within one year
-€296,253
Deferred charges and accrued income
+€35,054
Trade debts
+€1.5m
Tax, wage and social debts
+€93,984
Other debts
+€4,140
Investment (derived)
+€739,439
Investment in fixed assets (net)
-€10,551
Current investments
+€749,990
Cash 2025
€4.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,071,719 | €21,942,916 | +€1.9m | +9.3% |
| Fixed assets | 21/28 | €96,995 | €81,432 | -€15,563 | -16.0% |
| Tangible fixed assets | 22/27 | €71,401 | €45,286 | -€26,114 | -36.6% |
| Furniture and vehicles | 24 | €71,401 | €45,286 | -€26,114 | -36.6% |
| Financial fixed assets | 28 | €25,595 | €36,146 | +€10,551 | +41.2% |
| Other financial fixed assets | 284/8 | €25,595 | €36,146 | +€10,551 | +41.2% |
| Amounts receivable and cash guarantees | 285/8 | €25,595 | €36,146 | +€10,551 | +41.2% |
| Current assets | 29/58 | €19,974,723 | €21,861,483 | +€1.9m | +9.4% |
| Stocks and contracts in progress | 3 | €9,470,474 | €9,981,454 | +€510,980 | +5.4% |
| Stocks | 30/36 | €9,470,474 | €9,981,454 | +€510,980 | +5.4% |
| Raw materials and consumables | 30/31 | €8,167,854 | €8,537,746 | +€369,892 | +4.5% |
| Finished goods | 33 | €1,302,619 | €1,443,707 | +€141,088 | +10.8% |
| Amounts receivable within one year | 40/41 | €4,060,270 | €4,356,522 | +€296,253 | +7.3% |
| Trade receivables | 40 | €3,563,785 | €4,318,788 | +€755,003 | +21.2% |
| Other amounts receivable | 41 | €496,484 | €37,734 | -€458,750 | -92.4% |
| Current investments | 50/53 | €3,652,589 | €2,902,599 | -€749,990 | -20.5% |
| Other investments | 51/53 | €3,652,589 | €2,902,599 | -€749,990 | -20.5% |
| Cash at bank and in hand | 54/58 | €2,733,720 | €4,598,292 | +€1.9m | +68.2% |
| Deferred charges and accrued income | 490/1 | €57,671 | €22,617 | -€35,054 | -60.8% |
| Total equity and liabilities | 10/49 | €20,071,719 | €21,942,916 | +€1.9m | +9.3% |
| Equity | 10/15 | €14,201,325 | €14,482,021 | +€280,696 | +2.0% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,132,575 | €14,413,271 | +€280,696 | +2.0% |
| Amounts payable | 17/49 | €5,870,394 | €7,460,894 | +€1.6m | +27.1% |
| Amounts payable within one year | 42/48 | €5,865,394 | €7,455,894 | +€1.6m | +27.1% |
| Trade debts | 44 | €5,458,524 | €6,950,901 | +€1.5m | +27.3% |
| Suppliers | 440/4 | €5,458,524 | €6,950,901 | +€1.5m | +27.3% |
| Taxes, remuneration and social security | 45 | €308,300 | €402,284 | +€93,984 | +30.5% |
| Taxes | 450/3 | €190,224 | €273,155 | +€82,932 | +43.6% |
| Remuneration and social security | 454/9 | €118,076 | €129,129 | +€11,052 | +9.4% |
| Other amounts payable | 47/48 | €98,569 | €102,709 | +€4,140 | +4.2% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,000 | = | 0.0% |
| Operating income | 70/76A | €25,299,569 | €29,606,226 | +€4.3m | +17.0% |
| Turnover | 70 | €25,224,711 | €29,435,335 | +€4.2m | +16.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €33,310 | €141,088 | +€107,778 | +324% |
| Other operating income | 74 | €41,547 | €29,803 | -€11,744 | -28.3% |
| Operating charges | 60/66A | €25,408,726 | €29,257,082 | +€3.8m | +15.1% |
| Goods for resale, raw materials and consumables | 60 | €14,657,334 | €16,854,022 | +€2.2m | +15.0% |
| Purchases | 600/8 | €16,883,737 | €17,223,914 | +€340,177 | +2.0% |
| Change in stocks: decrease (increase) | 609 | -€2,226,403 | -€369,892 | +€1.9m | +83.4% |
| Services and other goods | 61 | €9,466,667 | €11,075,361 | +€1.6m | +17.0% |
| Remuneration, social security and pensions | 62 | €1,240,180 | €1,297,380 | +€57,201 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,368 | €26,114 | -€14,253 | -35.3% |
| Other operating charges | 640/8 | €4,019 | €4,053 | +€34 | +0.9% |
| Non-recurring operating charges | 66A | €159 | €151 | -€8 | -5.3% |
| Operating profit (loss) | 9901 | -€109,157 | €349,145 | +€458,302 | |
| Financial income | 75/76B | €292,761 | €123,315 | -€169,446 | -57.9% |
| Recurring financial income | 75 | €292,761 | €123,315 | -€169,446 | -57.9% |
| Income from financial fixed assets | 750 | €253,646 | €73,643 | -€180,003 | -71.0% |
| Other financial income | 752/9 | €39,115 | €49,672 | +€10,557 | +27.0% |
| Financial charges | 65/66B | €72,688 | €79,833 | +€7,146 | +9.8% |
| Recurring financial charges | 65 | €72,688 | €79,833 | +€7,146 | +9.8% |
| Debt charges | 650 | €5,676 | €5,914 | +€238 | +4.2% |
| Other financial charges | 652/9 | €67,012 | €73,919 | +€6,907 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €110,916 | €392,626 | +€281,710 | +254% |
| Income taxes | 67/77 | €44,132 | €111,930 | +€67,799 | +154% |
| Taxes | 670/3 | €44,132 | €111,930 | +€67,799 | +154% |
| Profit (loss) for the period | 9904 | €66,785 | €280,696 | +€213,911 | +320% |
| Profit (loss) for the period to be appropriated | 9905 | €66,785 | €280,696 | +€213,911 | +320% |
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 28 October 2026 via checked.be.