HOFILDELO: 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.
HOFILDELO
Largest movements
- Receivables within one year -€32,201
down €32,201 (-39.1%), from €82,295 to €50,094
of which Trade receivables: -€31,721
- Formation expenses -€30,531
down €30,531 (-15.8%), from €193,392 to €162,861
- Tangible fixed assets -€15,517
down €15,517 (-14.0%), from €110,470 to €94,952
of which Furniture and vehicles: -€14,783
- Cash +€10,713
up €10,713 (+122.7%), from €8,733 to €19,446
mainly Debts after one year (+€240,639) and Depreciation (+€74,909)
- Stocks and contracts +€9,124
up €9,124 (+23.6%), from €38,684 to €47,808
- Profit (loss) carried forward -€261,301
down €261,301 (-21.5%), from -€1.2m to -€1.5m
- Debts after one year +€240,639
up €240,639 (+26.9%), from €895,861 to €1.1m
of which Other amounts payable: +€242,500
- Tax, wage and social debts -€58,640
down €58,640 (-13.1%), from €448,857 to €390,218
of which Taxes: -€34,965
- Trade debts +€15,187
up €15,187 (+13.0%), from €117,151 to €132,337
- Advances received +€7,091
up €7,091 (+4.3%), from €164,941 to €172,033
- Staff costs -€72,550
down €72,550 (-6.2%), from €1.2m to €1.1m
- Gross operating margin +€25,775
up €25,775 (+2.6%), from €991,514 to €1.0m
- Financial charges +€21,751
up €21,751 (+60.9%), from €35,740 to €57,492
- Other operating charges -€12,515
down €12,515 (-86.3%), from €14,505 to €1,990
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 | €448,647 | €389,642 | -€59,005 | -13.2% |
| Formation expenses | 20 | €193,392 | €162,861 | -€30,531 | -15.8% |
| Fixed assets | 21/28 | €121,046 | €104,845 | -€16,201 | -13.4% |
| Intangible fixed assets | 21 | €3,816 | €3,133 | -€684 | -17.9% |
| Tangible fixed assets | 22/27 | €110,470 | €94,952 | -€15,517 | -14.0% |
| Furniture and vehicles | 24 | €77,646 | €62,862 | -€14,783 | -19.0% |
| Other tangible fixed assets | 26 | €32,824 | €32,090 | -€734 | -2.2% |
| Financial fixed assets | 28 | €6,760 | €6,760 | = | 0.0% |
| Current assets | 29/58 | €134,208 | €121,935 | -€12,273 | -9.1% |
| Stocks and contracts in progress | 3 | €38,684 | €47,808 | +€9,124 | +23.6% |
| Stocks | 30/36 | €38,684 | €47,808 | +€9,124 | +23.6% |
| Amounts receivable within one year | 40/41 | €82,295 | €50,094 | -€32,201 | -39.1% |
| Trade receivables | 40 | €76,829 | €45,108 | -€31,721 | -41.3% |
| Other amounts receivable | 41 | €5,466 | €4,986 | -€480 | -8.8% |
| Cash at bank and in hand | 54/58 | €8,733 | €19,446 | +€10,713 | +122.7% |
| Deferred charges and accrued income | 490/1 | €4,497 | €4,588 | +€91 | +2.0% |
| Total equity and liabilities | 10/49 | €448,647 | €389,642 | -€59,005 | -13.2% |
| Equity | 10/15 | -€1,195,674 | -€1,456,975 | -€261,301 | -21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,214,274 | -€1,475,575 | -€261,301 | -21.5% |
| Amounts payable | 17/49 | €1,644,321 | €1,846,617 | +€202,296 | +12.3% |
| Amounts payable after more than one year | 17 | €895,861 | €1,136,500 | +€240,639 | +26.9% |
| Financial debts | 170/4 | €1,861 | - | -€1,861 | |
| Other amounts payable | 178/9 | €894,000 | €1,136,500 | +€242,500 | +27.1% |
| Amounts payable within one year | 42/48 | €748,460 | €710,117 | -€38,343 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €5,541 | €1,861 | -€3,680 | -66.4% |
| Trade debts | 44 | €117,151 | €132,337 | +€15,187 | +13.0% |
| Suppliers | 440/4 | €117,151 | €132,337 | +€15,187 | +13.0% |
| Advances received on contracts in progress | 46 | €164,941 | €172,033 | +€7,091 | +4.3% |
| Taxes, remuneration and social security | 45 | €448,857 | €390,218 | -€58,640 | -13.1% |
| Taxes | 450/3 | €52,968 | €18,003 | -€34,965 | -66.0% |
| Remuneration and social security | 454/9 | €395,889 | €372,215 | -€23,674 | -6.0% |
| Other amounts payable | 47/48 | €11,969 | €13,667 | +€1,698 | +14.2% |
| Non-recurring operating income | 76A | €34,968 | - | -€34,968 | |
| Remuneration, social security and pensions | 62 | €1,171,610 | €1,099,060 | -€72,550 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,303 | €74,909 | +€3,607 | +5.1% |
| Other operating charges | 640/8 | €14,505 | €1,990 | -€12,515 | -86.3% |
| Non-recurring operating charges | 66A | €1,255 | €45,152 | +€43,898 | +3499.2% |
| Gross operating margin | 9900 | €991,514 | €1,017,290 | +€25,775 | +2.6% |
| Operating profit (loss) | 9901 | -€267,158 | -€203,822 | +€63,336 | +23.7% |
| Financial income | 75/76B | €15 | €13 | -€1 | -10.0% |
| Recurring financial income | 75 | €15 | €13 | -€1 | -10.0% |
| Financial charges | 65/66B | €35,740 | €57,492 | +€21,751 | +60.9% |
| Recurring financial charges | 65 | €35,740 | €57,492 | +€21,751 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | -€302,883 | -€261,301 | +€41,583 | +13.7% |
| Profit (loss) for the period | 9904 | -€302,883 | -€261,301 | +€41,583 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€302,883 | -€261,301 | +€41,583 | +13.7% |
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 9 October 2026 via checked.be.