HOFKE VAN BAZEL: 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.
HOFKE VAN BAZEL
Largest movements
- Tangible fixed assets -€46,969
down €46,969 (-13.0%), from €362,411 to €315,442
of which Plant, machinery and equipment: -€74,001
- Receivables within one year -€46,226
down €46,226 (-21.5%), from €215,041 to €168,815
of which Other amounts receivable: -€49,853
- Cash -€32,369
down €32,369 (-17.1%), from €189,705 to €157,336
mainly Debts after one year (-€147,797) and Investment in fixed assets (net) (-€58,523)
- Debts after one year -€147,797
down €147,797 (-85.1%), from €173,750 to €25,953
- Other debts +€27,632
up €27,632 (+18.2%), from €151,810 to €179,442
- Trade debts -€10,296
down €10,296 (-4.1%), from €251,593 to €241,297
- Current portion of long-term debt -€10,024
down €10,024 (-13.9%), from €72,204 to €62,180
- Accrued charges and deferred income +€8,322
up €8,322 (+232%), from €3,585 to €11,908
- Gross operating margin -€104,585
down €104,585 (-27.5%), from €380,390 to €275,805
- Depreciation -€76,653
down €76,653 (-42.1%), from €182,145 to €105,492
- Financial income +€60,188
up €60,188 (+598%), from €10,060 to €70,248
of which Non-recurring financial income: +€60,223
- Staff costs +€12,907
up €12,907 (+7.1%), from €181,279 to €194,186
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 | €781,023 | €659,713 | -€121,311 | -15.5% |
| Fixed assets | 21/28 | €363,711 | €316,742 | -€46,969 | -12.9% |
| Tangible fixed assets | 22/27 | €362,411 | €315,442 | -€46,969 | -13.0% |
| Land and buildings | 22 | €25,643 | €21,893 | -€3,749 | -14.6% |
| Plant, machinery and equipment | 23 | €280,014 | €206,013 | -€74,001 | -26.4% |
| Furniture and vehicles | 24 | €56,754 | €80,956 | +€24,202 | +42.6% |
| Leasing and similar rights | 25 | - | €6,580 | +€6,580 | |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €417,313 | €342,971 | -€74,342 | -17.8% |
| Stocks and contracts in progress | 3 | €12,566 | €16,820 | +€4,254 | +33.9% |
| Stocks | 30/36 | €12,566 | €16,820 | +€4,254 | +33.9% |
| Amounts receivable within one year | 40/41 | €215,041 | €168,815 | -€46,226 | -21.5% |
| Trade receivables | 40 | €17,999 | €21,626 | +€3,627 | +20.2% |
| Other amounts receivable | 41 | €197,042 | €147,189 | -€49,853 | -25.3% |
| Cash at bank and in hand | 54/58 | €189,705 | €157,336 | -€32,369 | -17.1% |
| Total equity and liabilities | 10/49 | €781,023 | €659,713 | -€121,311 | -15.5% |
| Equity | 10/15 | €66,473 | €70,976 | +€4,503 | +6.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | €19,000 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €47,473 | €51,976 | +€4,503 | +9.5% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Legal reserve | 130 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €45,573 | €50,076 | +€4,503 | +9.9% |
| Amounts payable | 17/49 | €714,550 | €588,736 | -€125,814 | -17.6% |
| Amounts payable after more than one year | 17 | €173,750 | €25,953 | -€147,797 | -85.1% |
| Financial debts | 170/4 | €173,750 | €25,953 | -€147,797 | -85.1% |
| Amounts payable within one year | 42/48 | €537,214 | €550,876 | +€13,661 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €72,204 | €62,180 | -€10,024 | -13.9% |
| Financial debts | 43 | €61,406 | €59,840 | -€1,567 | -2.6% |
| Credit institutions | 430/8 | €61,406 | €59,840 | -€1,567 | -2.6% |
| Trade debts | 44 | €251,593 | €241,297 | -€10,296 | -4.1% |
| Suppliers | 440/4 | €251,593 | €241,297 | -€10,296 | -4.1% |
| Taxes, remuneration and social security | 45 | €201 | €8,117 | +€7,916 | +3,936% |
| Taxes | 450/3 | €201 | €201 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €7,916 | +€7,916 | |
| Other amounts payable | 47/48 | €151,810 | €179,442 | +€27,632 | +18.2% |
| Accrued charges and deferred income | 492/3 | €3,585 | €11,908 | +€8,322 | +232% |
| Remuneration, social security and pensions | 62 | €181,279 | €194,186 | +€12,907 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,145 | €105,492 | -€76,653 | -42.1% |
| Other operating charges | 640/8 | €32,690 | €29,364 | -€3,326 | -10.2% |
| Gross operating margin | 9900 | €380,390 | €275,805 | -€104,585 | -27.5% |
| Operating profit (loss) | 9901 | -€15,723 | -€53,237 | -€37,514 | -239% |
| Financial income | 75/76B | €10,060 | €70,248 | +€60,188 | +598% |
| Recurring financial income | 75 | €36 | €1 | -€35 | -98.4% |
| Non-recurring financial income | 76B | €10,024 | €70,247 | +€60,223 | +601% |
| Financial charges | 65/66B | €14,159 | €12,508 | -€1,651 | -11.7% |
| Recurring financial charges | 65 | €14,159 | €12,508 | -€1,651 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,822 | €4,503 | +€24,325 | |
| Profit (loss) for the period | 9904 | -€19,822 | €4,503 | +€24,325 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,822 | €4,503 | +€24,325 |
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 24 October 2026 via checked.be.