HOFGROUP: what changed
What changed
HOFGROUP
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€2,614
2024 · -€46,587+€43,973
Equity
-€1,557
2024 · €1,056-€2,614
Cash
-
2024 · €442-€442
Balance sheet total
€837,934
2024 · €838,675-€742
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Other operating charges -€20,782
no longer reported in 2025 (was €20,782)
- Financial charges -€16,981
down €16,981 (-99.4%), from €17,085 to €104
- Gross operating margin +€6,211
up €6,211 (+71.2%), from -€8,720 to -€2,509
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€46,587
Gross operating margin
+€6,211
Other operating charges
+€20,782
Financial charges
+€16,981
Result 2025
-€2,614
raises the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€658
Investment
-€1,110
Financing
+€10
Cash 2024
€442
From operations (derived)
+€658
Net result for the year
-€2,614
Receivables within one year
+€1,410
Trade debts
+€862
Accrued charges and deferred income
+€1,000
Investment (derived)
-€1,110
Investment in fixed assets (net)
-€1,110
Financing
+€10
Short-term financial debts
+€10
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €838,675 | €837,934 | -€742 | -0.1% |
| Formation expenses | 20 | €1,398 | €1,398 | = | 0.0% |
| Fixed assets | 21/28 | €234,501 | €235,611 | +€1,110 | +0.5% |
| Tangible fixed assets | 22/27 | €191,501 | €192,611 | +€1,110 | +0.6% |
| Assets under construction and advance payments | 27 | €191,501 | €192,611 | +€1,110 | +0.6% |
| Financial fixed assets | 28 | €43,000 | €43,000 | = | 0.0% |
| Current assets | 29/58 | €602,777 | €600,925 | -€1,852 | -0.3% |
| Amounts receivable within one year | 40/41 | €602,335 | €600,925 | -€1,410 | -0.2% |
| Trade receivables | 40 | €39,567 | €39,567 | = | 0.0% |
| Other amounts receivable | 41 | €562,768 | €561,358 | -€1,410 | -0.3% |
| Cash at bank and in hand | 54/58 | €442 | - | -€442 | |
| Total equity and liabilities | 10/49 | €838,675 | €837,934 | -€742 | -0.1% |
| Equity | 10/15 | €1,056 | -€1,557 | -€2,614 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Uncalled capital | 101 | €138,000 | €138,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,944 | -€63,557 | -€2,614 | -4.3% |
| Amounts payable | 17/49 | €837,619 | €839,491 | +€1,872 | +0.2% |
| Amounts payable after more than one year | 17 | €800,000 | €800,000 | = | 0.0% |
| Financial debts | 170/4 | €800,000 | €800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,450 | €37,322 | +€872 | +2.4% |
| Financial debts | 43 | - | €10 | +€10 | |
| Credit institutions | 430/8 | - | €10 | +€10 | |
| Trade debts | 44 | €17,250 | €18,112 | +€862 | +5.0% |
| Suppliers | 440/4 | €17,250 | €18,112 | +€862 | +5.0% |
| Taxes, remuneration and social security | 45 | €4,200 | €4,200 | = | 0.0% |
| Taxes | 450/3 | €4,200 | €4,200 | = | 0.0% |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,169 | €2,169 | +€1,000 | +85.5% |
| Other operating charges | 640/8 | €20,782 | - | -€20,782 | |
| Gross operating margin | 9900 | -€8,720 | -€2,509 | +€6,211 | +71.2% |
| Operating profit (loss) | 9901 | -€29,502 | -€2,509 | +€26,993 | +91.5% |
| Financial charges | 65/66B | €17,085 | €104 | -€16,981 | -99.4% |
| Recurring financial charges | 65 | €17,085 | €104 | -€16,981 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | -€46,587 | -€2,614 | +€43,973 | +94.4% |
| Profit (loss) for the period | 9904 | -€46,587 | -€2,614 | +€43,973 | +94.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,587 | -€2,614 | +€43,973 | +94.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.