Hofken: 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.
Hofken
Largest movements
- Cash -€63,973
down €63,973 (-28.0%), from €228,621 to €164,648
mainly Short-term financial debts (-€50,000) and Contributions, distributions and other (-€50,000)
- Current investments +€37,554
up €37,554 (+4.6%), from €809,248 to €846,803
- Tangible fixed assets -€19,246
down €19,246 (-5.1%), from €377,840 to €358,594
- Short-term financial debts -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
- Depreciation -€30,253
down €30,253 (-61.1%), from €49,499 to €19,246
- Financial income +€22,621
up €22,621 (+32.3%), from €70,000 to €92,621
- Financial charges +€5,292
up €5,292 (+12.2%), from €43,459 to €48,751
- Gross operating margin +€4,268
up €4,268 (+17.8%), from €24,020 to €28,288
- Taxes +€1,835
up €1,835 (+63.6%), from €2,888 to €4,723
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 | €1,786,677 | €1,719,608 | -€67,069 | -3.8% |
| Fixed assets | 21/28 | €725,815 | €689,069 | -€36,746 | -5.1% |
| Tangible fixed assets | 22/27 | €377,840 | €358,594 | -€19,246 | -5.1% |
| Land and buildings | 22 | €377,840 | €358,594 | -€19,246 | -5.1% |
| Financial fixed assets | 28 | €347,975 | €330,475 | -€17,500 | -5.0% |
| Current assets | 29/58 | €1,060,862 | €1,030,539 | -€30,323 | -2.9% |
| Stocks and contracts in progress | 3 | €6,750 | €6,750 | = | 0.0% |
| Stocks | 30/36 | €6,750 | €6,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,242 | €12,338 | -€3,904 | -24.0% |
| Trade receivables | 40 | €4,714 | €6,427 | +€1,714 | +36.4% |
| Other amounts receivable | 41 | €11,528 | €5,911 | -€5,617 | -48.7% |
| Current investments | 50/53 | €809,248 | €846,803 | +€37,554 | +4.6% |
| Cash at bank and in hand | 54/58 | €228,621 | €164,648 | -€63,973 | -28.0% |
| Total equity and liabilities | 10/49 | €1,786,677 | €1,719,608 | -€67,069 | -3.8% |
| Equity | 10/15 | €1,570,592 | €1,564,385 | -€6,207 | -0.4% |
| Contributions | 10/11 | €553,953 | €553,953 | = | 0.0% |
| Capital | 10 | €553,953 | €553,953 | = | 0.0% |
| Issued capital | 100 | €553,953 | €553,953 | = | 0.0% |
| Reserves | 13 | €611,695 | €605,488 | -€6,207 | -1.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €571,695 | €565,488 | -€6,207 | -1.1% |
| Profit (loss) carried forward | 14 | €404,944 | €404,944 | = | 0.0% |
| Amounts payable | 17/49 | €216,085 | €155,223 | -€60,862 | -28.2% |
| Amounts payable within one year | 42/48 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Financial debts | 43 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Credit institutions | 430/8 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €16,085 | €5,223 | -€10,862 | -67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,499 | €19,246 | -€30,253 | -61.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,400 | -€2,200 | +€200 | +8.3% |
| Other operating charges | 640/8 | €6,182 | €6,595 | +€413 | +6.7% |
| Gross operating margin | 9900 | €24,020 | €28,288 | +€4,268 | +17.8% |
| Operating profit (loss) | 9901 | -€29,262 | €4,647 | +€33,909 | |
| Financial income | 75/76B | €70,000 | €92,621 | +€22,621 | +32.3% |
| Recurring financial income | 75 | €70,000 | €92,621 | +€22,621 | +32.3% |
| Financial charges | 65/66B | €43,459 | €48,751 | +€5,292 | +12.2% |
| Recurring financial charges | 65 | €43,459 | €48,751 | +€5,292 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,721 | €48,517 | +€51,238 | |
| Income taxes | 67/77 | €2,888 | €4,723 | +€1,835 | +63.6% |
| Profit (loss) for the period | 9904 | -€5,609 | €43,793 | +€49,402 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,609 | €43,793 | +€49,402 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.