HOFHOUDING: 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.
HOFHOUDING
Largest movements
- Stocks and contracts -€131,280
down €131,280 (-100%), from €131,280 to €0
- Receivables after one year -€110,500
down €110,500 (-39.5%), from €280,000 to €169,500
- Deferred charges and accrued income -€51,733
down €51,733 (-93.0%), from €55,631 to €3,898
- Cash +€30,121
up €30,121 (+603%), from €4,996 to €35,117
mainly Stocks and contracts (+€131,280) and Receivables after one year (+€110,500)
- Receivables within one year -€9,945
down €9,945 (-10.3%), from €96,965 to €87,019
of which Other amounts receivable: -€25,289
- Short-term financial debts -€236,670
down €236,670 (-100%), from €236,670 to €0
- Profit (loss) carried forward -€26,763
down €26,763 (-34.9%), from €76,794 to €50,031
- Trade debts -€13,114
down €13,114 (-50.7%), from €25,887 to €12,773
- Gross operating margin +€28,617
up €28,617, from -€9,504 to €19,113
- Financial charges +€18,740
up €18,740 (+161%), from €11,625 to €30,366
- Financial income -€8,275
down €8,275 (-100.0%), from €8,275 to €0
- Staff costs -€5,660
down €5,660 (-38.2%), from €14,827 to €9,167
- Depreciation +€1,759
up €1,759 (+94.7%), from €1,859 to €3,618
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 | €585,423 | €305,704 | -€279,719 | -47.8% |
| Fixed assets | 21/28 | €16,551 | €10,169 | -€6,382 | -38.6% |
| Tangible fixed assets | 22/27 | €16,411 | €10,029 | -€6,382 | -38.9% |
| Plant, machinery and equipment | 23 | €1,804 | €1,364 | -€440 | -24.4% |
| Furniture and vehicles | 24 | €14,607 | €8,666 | -€5,942 | -40.7% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €568,872 | €295,535 | -€273,337 | -48.0% |
| Amounts receivable after more than one year | 29 | €280,000 | €169,500 | -€110,500 | -39.5% |
| Other amounts receivable | 291 | €280,000 | €169,500 | -€110,500 | -39.5% |
| Stocks and contracts in progress | 3 | €131,280 | €0 | -€131,280 | -100% |
| Stocks | 30/36 | €131,280 | €0 | -€131,280 | -100% |
| Amounts receivable within one year | 40/41 | €96,965 | €87,019 | -€9,945 | -10.3% |
| Trade receivables | 40 | €68,865 | €84,208 | +€15,344 | +22.3% |
| Other amounts receivable | 41 | €28,100 | €2,811 | -€25,289 | -90.0% |
| Cash at bank and in hand | 54/58 | €4,996 | €35,117 | +€30,121 | +603% |
| Deferred charges and accrued income | 490/1 | €55,631 | €3,898 | -€51,733 | -93.0% |
| Total equity and liabilities | 10/49 | €585,423 | €305,704 | -€279,719 | -47.8% |
| Equity | 10/15 | €247,888 | €221,125 | -€26,763 | -10.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €158,694 | €158,694 | = | 0.0% |
| 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 | €156,834 | €156,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,794 | €50,031 | -€26,763 | -34.9% |
| Amounts payable | 17/49 | €337,534 | €84,579 | -€252,955 | -74.9% |
| Amounts payable after more than one year | 17 | €4,929 | €0 | -€4,929 | -100% |
| Financial debts | 170/4 | €4,929 | €0 | -€4,929 | -100% |
| Amounts payable within one year | 42/48 | €332,606 | €84,579 | -€248,027 | -74.6% |
| Current portion of amounts payable after more than one year | 42 | €5,654 | €4,929 | -€725 | -12.8% |
| Financial debts | 43 | €236,670 | €0 | -€236,670 | -100% |
| Credit institutions | 430/8 | €236,670 | €0 | -€236,670 | -100% |
| Trade debts | 44 | €25,887 | €12,773 | -€13,114 | -50.7% |
| Suppliers | 440/4 | €25,887 | €12,773 | -€13,114 | -50.7% |
| Taxes, remuneration and social security | 45 | €64,394 | €62,869 | -€1,525 | -2.4% |
| Taxes | 450/3 | €40,004 | €59,275 | +€19,270 | +48.2% |
| Remuneration and social security | 454/9 | €24,390 | €3,594 | -€20,795 | -85.3% |
| Other amounts payable | 47/48 | - | €4,008 | +€4,008 | |
| Non-recurring operating income | 76A | - | €4,674 | +€4,674 | |
| Remuneration, social security and pensions | 62 | €14,827 | €9,167 | -€5,660 | -38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,859 | €3,618 | +€1,759 | +94.7% |
| Other operating charges | 640/8 | €605 | €2,052 | +€1,447 | +239% |
| Gross operating margin | 9900 | -€9,504 | €19,113 | +€28,617 | |
| Operating profit (loss) | 9901 | -€26,795 | €4,275 | +€31,070 | |
| Financial income | 75/76B | €8,275 | €0 | -€8,275 | -100.0% |
| Recurring financial income | 75 | €8,275 | €0 | -€8,275 | -100.0% |
| Financial charges | 65/66B | €11,625 | €30,366 | +€18,740 | +161% |
| Recurring financial charges | 65 | €11,625 | €30,366 | +€18,740 | +161% |
| Profit (loss) for the period before taxes | 9903 | -€30,145 | -€26,090 | +€4,055 | +13.5% |
| Income taxes | 67/77 | €659 | €673 | +€14 | +2.1% |
| Profit (loss) for the period | 9904 | -€30,805 | -€26,763 | +€4,041 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,805 | -€26,763 | +€4,041 | +13.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.