HoFion: 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.
HoFion
Largest movements
- Financial fixed assets -€240,000
no longer reported in 2025 (was €240,000)
- Receivables within one year +€167,727
up €167,727 (+472.6%), from €35,492 to €203,219
- Cash +€40,947
up €40,947 (+15.4%), from €265,087 to €306,034
mainly Investment in fixed assets (net) (+€238,931) and Other debts (+€229,134)
- Tangible fixed assets -€25,956
down €25,956 (-10.7%), from €242,615 to €216,659
of which Furniture and vehicles: -€22,235
- Reserves -€254,647
down €254,647 (-44.2%), from €575,508 to €320,861
- Other debts +€229,134
up €229,134 (+7470.8%), from €3,067 to €232,201
- Debts after one year -€32,856
down €32,856 (-29.9%), from €110,035 to €77,179
- Gross operating margin -€122,634
down €122,634 (-38.2%), from €321,451 to €198,817
- Financial income +€114,844
up €114,844 (+73485.9%), from €156 to €115,000
of which Non-recurring financial income: +€65,000
- Financial charges +€111,292
up €111,292 (+3041.4%), from €3,659 to €114,951
of which Non-recurring financial charges: +€110,347
- Taxes -€31,391
down €31,391 (-36.2%), from €86,824 to €55,433
- Depreciation +€9,289
up €9,289 (+52.4%), from €17,735 to €27,025
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 | €784,935 | €727,313 | -€57,622 | -7.3% |
| Fixed assets | 21/28 | €482,615 | €216,659 | -€265,956 | -55.1% |
| Tangible fixed assets | 22/27 | €242,615 | €216,659 | -€25,956 | -10.7% |
| Land and buildings | 22 | €107,727 | €104,848 | -€2,879 | -2.7% |
| Plant, machinery and equipment | 23 | €12,097 | €11,255 | -€842 | -7.0% |
| Furniture and vehicles | 24 | €122,790 | €100,555 | -€22,235 | -18.1% |
| Financial fixed assets | 28 | €240,000 | - | -€240,000 | |
| Current assets | 29/58 | €302,321 | €510,655 | +€208,334 | +68.9% |
| Amounts receivable within one year | 40/41 | €35,492 | €203,219 | +€167,727 | +472.6% |
| Other amounts receivable | 41 | €35,492 | €203,219 | +€167,727 | +472.6% |
| Cash at bank and in hand | 54/58 | €265,087 | €306,034 | +€40,947 | +15.4% |
| Deferred charges and accrued income | 490/1 | €1,741 | €1,402 | -€340 | -19.5% |
| Total equity and liabilities | 10/49 | €784,935 | €727,313 | -€57,622 | -7.3% |
| Equity | 10/15 | €594,108 | €339,461 | -€254,647 | -42.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €575,508 | €320,861 | -€254,647 | -44.2% |
| Distributable reserves | 133 | €575,508 | €320,861 | -€254,647 | -44.2% |
| Amounts payable | 17/49 | €190,827 | €387,852 | +€197,025 | +103.2% |
| Amounts payable after more than one year | 17 | €110,035 | €77,179 | -€32,856 | -29.9% |
| Financial debts | 170/4 | €110,035 | €77,179 | -€32,856 | -29.9% |
| Amounts payable within one year | 42/48 | €80,793 | €310,498 | +€229,705 | +284.3% |
| Current portion of amounts payable after more than one year | 42 | €19,310 | €26,441 | +€7,131 | +36.9% |
| Financial debts | 43 | €45,925 | €45,917 | -€7 | 0.0% |
| Credit institutions | 430/8 | €45,925 | €45,917 | -€7 | 0.0% |
| Trade debts | 44 | €2,182 | €1,306 | -€876 | -40.2% |
| Suppliers | 440/4 | €2,182 | €1,306 | -€876 | -40.2% |
| Taxes, remuneration and social security | 45 | €10,309 | €4,633 | -€5,676 | -55.1% |
| Taxes | 450/3 | €10,309 | €4,633 | -€5,676 | -55.1% |
| Other amounts payable | 47/48 | €3,067 | €232,201 | +€229,134 | +7470.8% |
| Accrued charges and deferred income | 492/3 | - | €175 | +€175 | |
| Non-recurring operating income | 76A | €68,000 | - | -€68,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,735 | €27,025 | +€9,289 | +52.4% |
| Other operating charges | 640/8 | €3,316 | €3,055 | -€260 | -7.8% |
| Gross operating margin | 9900 | €321,451 | €198,817 | -€122,634 | -38.2% |
| Operating profit (loss) | 9901 | €300,400 | €168,737 | -€131,663 | -43.8% |
| Financial income | 75/76B | €156 | €115,000 | +€114,844 | +73485.9% |
| Recurring financial income | 75 | €156 | €50,000 | +€49,844 | +31893.9% |
| Non-recurring financial income | 76B | - | €65,000 | +€65,000 | |
| Financial charges | 65/66B | €3,659 | €114,951 | +€111,292 | +3041.4% |
| Recurring financial charges | 65 | €3,659 | €4,604 | +€945 | +25.8% |
| Non-recurring financial charges | 66B | - | €110,347 | +€110,347 | |
| Profit (loss) for the period before taxes | 9903 | €296,897 | €168,786 | -€128,111 | -43.2% |
| Income taxes | 67/77 | €86,824 | €55,433 | -€31,391 | -36.2% |
| Profit (loss) for the period | 9904 | €210,072 | €113,353 | -€96,719 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €210,072 | €113,353 | -€96,719 | -46.0% |
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 9 October 2026 via checked.be.