HOFKENS: 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.
HOFKENS
Largest movements
- Cash +€340,181
up €340,181 (+103%), from €329,329 to €669,510
mainly Other debts (+€457,270) and Net result for the year (+€411,628)
- Current investments +€167,344
up €167,344 (+11.0%), from €1.5m to €1.7m
- Other debts +€457,270
up €457,270 (+13,440%), from €3,402 to €460,672
- Reserves -€125,545
down €125,545 (-3.9%), from €3.2m to €3.1m
of which Distributable reserves: -€120,811
- Provisions +€89,022
up €89,022 (+73.9%), from €120,387 to €209,409
of which Provisions for liabilities and charges: +€90,600
- Tax, wage and social debts +€55,165
up €55,165 (+83.7%), from €65,897 to €121,063
of which Taxes: +€54,892
- Gross operating margin +€129,735
up €129,735 (+19.3%), from €672,564 to €802,299
- Provisions +€90,600
new in 2025: €90,600
- Taxes +€27,021
up €27,021 (+14.6%), from €185,611 to €212,632
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 | €3,438,496 | €3,924,085 | +€485,589 | +14.1% |
| Fixed assets | 21/28 | €1,285,197 | €1,261,261 | -€23,936 | -1.9% |
| Tangible fixed assets | 22/27 | €1,185,197 | €1,161,261 | -€23,936 | -2.0% |
| Land and buildings | 22 | €1,161,331 | €1,122,696 | -€38,636 | -3.3% |
| Plant, machinery and equipment | 23 | €8,517 | €25,520 | +€17,004 | +200% |
| Furniture and vehicles | 24 | €15,349 | €13,045 | -€2,304 | -15.0% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €2,153,299 | €2,662,823 | +€509,524 | +23.7% |
| Amounts receivable within one year | 40/41 | €303,166 | €305,826 | +€2,660 | +0.9% |
| Trade receivables | 40 | €265,707 | €256,130 | -€9,577 | -3.6% |
| Other amounts receivable | 41 | €37,459 | €49,696 | +€12,238 | +32.7% |
| Current investments | 50/53 | €1,520,142 | €1,687,487 | +€167,344 | +11.0% |
| Cash at bank and in hand | 54/58 | €329,329 | €669,510 | +€340,181 | +103% |
| Deferred charges and accrued income | 490/1 | €662 | €0 | -€662 | -100% |
| Total equity and liabilities | 10/49 | €3,438,496 | €3,924,085 | +€485,589 | +14.1% |
| Equity | 10/15 | €3,228,108 | €3,102,564 | -€125,545 | -3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €3,209,508 | €3,083,964 | -€125,545 | -3.9% |
| Tax-exempt reserves | 132 | €122,454 | €117,720 | -€4,734 | -3.9% |
| Distributable reserves | 133 | €3,087,054 | €2,966,244 | -€120,811 | -3.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €120,387 | €209,409 | +€89,022 | +73.9% |
| Provisions for liabilities and charges | 160/5 | €79,569 | €170,169 | +€90,600 | +114% |
| Other liabilities and charges | 164/5 | €79,569 | €170,169 | +€90,600 | +114% |
| Deferred taxes | 168 | €40,818 | €39,240 | -€1,578 | -3.9% |
| Amounts payable | 17/49 | €90,001 | €612,112 | +€522,111 | +580% |
| Amounts payable within one year | 42/48 | €90,001 | €612,112 | +€522,111 | +580% |
| Trade debts | 44 | €20,701 | €30,377 | +€9,676 | +46.7% |
| Suppliers | 440/4 | €20,701 | €30,377 | +€9,676 | +46.7% |
| Taxes, remuneration and social security | 45 | €65,897 | €121,063 | +€55,165 | +83.7% |
| Taxes | 450/3 | €58,191 | €113,083 | +€54,892 | +94.3% |
| Remuneration and social security | 454/9 | €7,706 | €7,980 | +€274 | +3.6% |
| Other amounts payable | 47/48 | €3,402 | €460,672 | +€457,270 | +13,440% |
| Remuneration, social security and pensions | 62 | €55,362 | €53,906 | -€1,456 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,699 | €59,144 | +€5,445 | +10.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €90,600 | +€90,600 | |
| Other operating charges | 640/8 | €2,596 | €3,302 | +€706 | +27.2% |
| Gross operating margin | 9900 | €672,564 | €802,299 | +€129,735 | +19.3% |
| Operating profit (loss) | 9901 | €560,907 | €595,347 | +€34,440 | +6.1% |
| Financial income | 75/76B | €22,968 | €30,843 | +€7,875 | +34.3% |
| Recurring financial income | 75 | €22,968 | €30,843 | +€7,875 | +34.3% |
| Financial charges | 65/66B | €2,872 | €3,508 | +€636 | +22.1% |
| Recurring financial charges | 65 | €2,872 | €3,508 | +€636 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €581,003 | €622,682 | +€41,679 | +7.2% |
| Transfer from deferred taxes | 780 | €1,578 | €1,578 | = | 0.0% |
| Income taxes | 67/77 | €185,611 | €212,632 | +€27,021 | +14.6% |
| Profit (loss) for the period | 9904 | €396,970 | €411,628 | +€14,658 | +3.7% |
| Transfer from tax-exempt reserves | 789 | €4,734 | €4,734 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €401,704 | €416,362 | +€14,658 | +3.6% |
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 13 October 2026 via checked.be.