Hofisco: 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.
Hofisco
Largest movements
- Receivables within one year -€290,503
down €290,503 (-100.0%), from €290,597 to €94
of which Other amounts receivable: -€174,059
- Tangible fixed assets +€198,122
up €198,122 (+47.4%), from €417,796 to €615,917
of which Land and buildings: +€206,286
- Cash +€75,143
up €75,143 (+425.0%), from €17,679 to €92,821
mainly Receivables within one year (+€290,503) and Other debts (+€176,314)
- Current investments -€11,676
down €11,676 (-25.8%), from €45,182 to €33,506
- Other debts +€176,314
up €176,314 (+293.9%), from €60,000 to €236,314
- Reserves -€139,014
down €139,014 (-100.0%), from €139,014 to €0
- Debts after one year -€39,149
down €39,149 (-8.4%), from €466,028 to €426,878
- Tax, wage and social debts -€24,133
down €24,133 (-54.9%), from €43,919 to €19,786
- Gross operating margin -€93,061
down €93,061 (-37.1%), from €251,109 to €158,048
- Taxes -€22,909
down €22,909 (-41.4%), from €55,327 to €32,418
- Financial income +€6,878
up €6,878 (+219.3%), from €3,136 to €10,014
- Financial charges +€5,233
up €5,233 (+51.7%), from €10,113 to €15,346
- Depreciation -€3,873
down €3,873 (-15.0%), from €25,821 to €21,948
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 | €772,527 | €743,675 | -€28,852 | -3.7% |
| Fixed assets | 21/28 | €417,796 | €615,917 | +€198,122 | +47.4% |
| Tangible fixed assets | 22/27 | €417,796 | €615,917 | +€198,122 | +47.4% |
| Land and buildings | 22 | €408,599 | €614,885 | +€206,286 | +50.5% |
| Plant, machinery and equipment | 23 | €148 | - | -€148 | |
| Leasing and similar rights | 25 | €9,048 | €1,032 | -€8,016 | -88.6% |
| Current assets | 29/58 | €354,732 | €127,758 | -€226,974 | -64.0% |
| Amounts receivable within one year | 40/41 | €290,597 | €94 | -€290,503 | -100.0% |
| Trade receivables | 40 | €116,444 | - | -€116,444 | |
| Other amounts receivable | 41 | €174,154 | €94 | -€174,059 | -99.9% |
| Current investments | 50/53 | €45,182 | €33,506 | -€11,676 | -25.8% |
| Cash at bank and in hand | 54/58 | €17,679 | €92,821 | +€75,143 | +425.0% |
| Deferred charges and accrued income | 490/1 | €1,274 | €1,337 | +€63 | +4.9% |
| Total equity and liabilities | 10/49 | €772,527 | €743,675 | -€28,852 | -3.7% |
| Equity | 10/15 | €157,614 | €18,600 | -€139,014 | -88.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,014 | €0 | -€139,014 | -100.0% |
| Distributable reserves | 133 | €139,014 | €0 | -€139,014 | -100.0% |
| Amounts payable | 17/49 | €614,913 | €725,075 | +€110,162 | +17.9% |
| Amounts payable after more than one year | 17 | €466,028 | €426,878 | -€39,149 | -8.4% |
| Financial debts | 170/4 | €466,028 | €426,878 | -€39,149 | -8.4% |
| Amounts payable within one year | 42/48 | €148,885 | €298,197 | +€149,311 | +100.3% |
| Current portion of amounts payable after more than one year | 42 | €44,737 | €39,149 | -€5,587 | -12.5% |
| Trade debts | 44 | €229 | €2,948 | +€2,718 | +1185.2% |
| Suppliers | 440/4 | €229 | €2,948 | +€2,718 | +1185.2% |
| Taxes, remuneration and social security | 45 | €43,919 | €19,786 | -€24,133 | -54.9% |
| Taxes | 450/3 | €43,919 | €19,786 | -€24,133 | -54.9% |
| Other amounts payable | 47/48 | €60,000 | €236,314 | +€176,314 | +293.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,821 | €21,948 | -€3,873 | -15.0% |
| Other operating charges | 640/8 | €2,553 | €2,215 | -€339 | -13.3% |
| Gross operating margin | 9900 | €251,109 | €158,048 | -€93,061 | -37.1% |
| Operating profit (loss) | 9901 | €222,735 | €133,886 | -€88,849 | -39.9% |
| Financial income | 75/76B | €3,136 | €10,014 | +€6,878 | +219.3% |
| Recurring financial income | 75 | €3,136 | €10,014 | +€6,878 | +219.3% |
| Financial charges | 65/66B | €10,113 | €15,346 | +€5,233 | +51.7% |
| Recurring financial charges | 65 | €10,113 | €15,346 | +€5,233 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | €215,758 | €128,554 | -€87,204 | -40.4% |
| Income taxes | 67/77 | €55,327 | €32,418 | -€22,909 | -41.4% |
| Profit (loss) for the period | 9904 | €160,431 | €96,136 | -€64,295 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €160,431 | €96,136 | -€64,295 | -40.1% |
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 11 October 2026 via checked.be.