HOFFYS TAKEAWAY: 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.
HOFFYS TAKEAWAY
Largest movements
- Tangible fixed assets +€28,666
up €28,666 (+29.9%), from €95,871 to €124,536
of which Plant, machinery and equipment: +€18,332
- Receivables within one year +€14,286
up €14,286 (+115%), from €12,421 to €26,707
of which Trade receivables: +€14,286
- Cash -€5,492
down €5,492 (-2.2%), from €255,174 to €249,682
mainly Investment in fixed assets (net) (-€55,425) and Other debts (-€30,193)
- Trade debts +€42,114
up €42,114 (+168%), from €25,067 to €67,181
- Other debts -€30,193
down €30,193 (-11.4%), from €263,752 to €233,559
- Current portion of long-term debt +€24,495
up €24,495 (+96.7%), from €25,330 to €49,825
- Debts after one year -€22,453
down €22,453 (-47.2%), from €47,568 to €25,115
- Reserves +€13,549
up €13,549 (+57.0%), from €23,769 to €37,317
of which Distributable reserves: +€13,549
- Gross operating margin +€48,517
up €48,517 (+42.8%), from €113,469 to €161,986
- Staff costs +€15,233
up €15,233 (+15.2%), from €100,376 to €115,609
- Financial charges -€5,271
down €5,271 (-52.9%), from €9,972 to €4,701
- Depreciation +€2,815
up €2,815 (+11.8%), from €23,945 to €26,759
- Other operating charges +€2,676
up €2,676 (+297%), from €900 to €3,577
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €413,916 | €451,376 | +€37,460 | +9.1% |
| Fixed assets | 21/28 | €96,071 | €124,736 | +€28,666 | +29.8% |
| Tangible fixed assets | 22/27 | €95,871 | €124,536 | +€28,666 | +29.9% |
| Land and buildings | 22 | €9,087 | €26,692 | +€17,604 | +194% |
| Plant, machinery and equipment | 23 | €60,694 | €79,026 | +€18,332 | +30.2% |
| Furniture and vehicles | 24 | €26,089 | €18,819 | -€7,271 | -27.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €317,845 | €326,639 | +€8,794 | +2.8% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €250 | €250 | = | 0.0% |
| Stocks | 30/36 | €250 | €250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,421 | €26,707 | +€14,286 | +115% |
| Trade receivables | 40 | €12,421 | €26,707 | +€14,286 | +115% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €255,174 | €249,682 | -€5,492 | -2.2% |
| Total equity and liabilities | 10/49 | €413,916 | €451,376 | +€37,460 | +9.1% |
| Equity | 10/15 | €42,361 | €55,909 | +€13,549 | +32.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €23,769 | €37,317 | +€13,549 | +57.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,909 | €35,457 | +€13,549 | +61.8% |
| Amounts payable | 17/49 | €371,555 | €395,466 | +€23,911 | +6.4% |
| Amounts payable after more than one year | 17 | €47,568 | €25,115 | -€22,453 | -47.2% |
| Financial debts | 170/4 | €47,568 | €25,115 | -€22,453 | -47.2% |
| Amounts payable within one year | 42/48 | €323,987 | €370,351 | +€46,364 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €25,330 | €49,825 | +€24,495 | +96.7% |
| Trade debts | 44 | €25,067 | €67,181 | +€42,114 | +168% |
| Suppliers | 440/4 | €25,067 | €67,181 | +€42,114 | +168% |
| Taxes, remuneration and social security | 45 | €9,837 | €19,786 | +€9,949 | +101% |
| Taxes | 450/3 | €4,023 | €248 | -€3,775 | -93.8% |
| Remuneration and social security | 454/9 | €5,814 | €19,538 | +€13,723 | +236% |
| Other amounts payable | 47/48 | €263,752 | €233,559 | -€30,193 | -11.4% |
| Non-recurring operating income | 76A | - | €16,073 | +€16,073 | |
| Remuneration, social security and pensions | 62 | €100,376 | €115,609 | +€15,233 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,945 | €26,759 | +€2,815 | +11.8% |
| Other operating charges | 640/8 | €900 | €3,577 | +€2,676 | +297% |
| Gross operating margin | 9900 | €113,469 | €161,986 | +€48,517 | +42.8% |
| Operating profit (loss) | 9901 | -€11,753 | €16,041 | +€27,793 | |
| Financial income | 75/76B | €656 | €2,575 | +€1,919 | +292% |
| Recurring financial income | 75 | €656 | €2,575 | +€1,919 | +292% |
| Financial charges | 65/66B | €9,972 | €4,701 | -€5,271 | -52.9% |
| Recurring financial charges | 65 | €9,972 | €4,701 | -€5,271 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,068 | €13,915 | +€34,983 | |
| Income taxes | 67/77 | €377 | €366 | -€11 | -2.9% |
| Profit (loss) for the period | 9904 | -€21,446 | €13,549 | +€34,994 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,446 | €13,549 | +€34,994 |
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 17 October 2026 via checked.be.