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
- Receivables within one year +€15,437
up €15,437 (+45.7%), from €33,783 to €49,220
of which Other amounts receivable: +€16,204
- Tangible fixed assets -€9,617
down €9,617 (-27.9%), from €34,417 to €24,799
of which Furniture and vehicles: -€8,161
- Cash -€7,929
down €7,929 (-89.6%), from €8,849 to €920
mainly Receivables within one year (-€15,437) and Debts after one year (-€10,993)
- Debts after one year -€10,993
down €10,993 (-15.7%), from €70,089 to €59,097
- Profit (loss) carried forward +€9,194
up €9,194 (+19.3%), from -€47,614 to -€38,420
- Trade debts +€882
up €882 (+299%), from €295 to €1,177
- Staff costs +€7,641
new in 2025: €7,641
- Gross operating margin -€7,442
down €7,442 (-19.4%), from €38,394 to €30,952
- Taxes +€562
up €562 (+108%), from €521 to €1,083
- Depreciation +€399
up €399 (+3.2%), from €12,437 to €12,835
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 | €84,449 | €82,849 | -€1,599 | -1.9% |
| Fixed assets | 21/28 | €34,417 | €24,799 | -€9,617 | -27.9% |
| Tangible fixed assets | 22/27 | €34,417 | €24,799 | -€9,617 | -27.9% |
| Plant, machinery and equipment | 23 | €4,124 | €2,667 | -€1,457 | -35.3% |
| Furniture and vehicles | 24 | €30,293 | €22,132 | -€8,161 | -26.9% |
| Current assets | 29/58 | €50,032 | €58,050 | +€8,018 | +16.0% |
| Amounts receivable within one year | 40/41 | €33,783 | €49,220 | +€15,437 | +45.7% |
| Trade receivables | 40 | €13,425 | €12,657 | -€768 | -5.7% |
| Other amounts receivable | 41 | €20,358 | €36,563 | +€16,204 | +79.6% |
| Cash at bank and in hand | 54/58 | €8,849 | €920 | -€7,929 | -89.6% |
| Deferred charges and accrued income | 490/1 | €7,400 | €7,910 | +€511 | +6.9% |
| Total equity and liabilities | 10/49 | €84,449 | €82,849 | -€1,599 | -1.9% |
| Equity | 10/15 | €2,389 | €11,583 | +€9,194 | +385% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €37,602 | €37,602 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,742 | €35,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,614 | -€38,420 | +€9,194 | +19.3% |
| Amounts payable | 17/49 | €82,060 | €71,266 | -€10,793 | -13.2% |
| Amounts payable after more than one year | 17 | €70,089 | €59,097 | -€10,993 | -15.7% |
| Financial debts | 170/4 | €70,089 | €59,097 | -€10,993 | -15.7% |
| Amounts payable within one year | 42/48 | €11,970 | €12,170 | +€200 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €11,676 | €10,993 | -€683 | -5.8% |
| Trade debts | 44 | €295 | €1,177 | +€882 | +299% |
| Suppliers | 440/4 | €295 | €1,177 | +€882 | +299% |
| Remuneration, social security and pensions | 62 | - | €7,641 | +€7,641 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,437 | €12,835 | +€399 | +3.2% |
| Other operating charges | 640/8 | €227 | €120 | -€107 | -47.1% |
| Gross operating margin | 9900 | €38,394 | €30,952 | -€7,442 | -19.4% |
| Operating profit (loss) | 9901 | €25,730 | €10,356 | -€15,374 | -59.8% |
| Financial charges | 65/66B | €168 | €79 | -€89 | -53.1% |
| Recurring financial charges | 65 | €168 | €79 | -€89 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €25,562 | €10,277 | -€15,285 | -59.8% |
| Income taxes | 67/77 | €521 | €1,083 | +€562 | +108% |
| Profit (loss) for the period | 9904 | €25,041 | €9,194 | -€15,847 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,041 | €9,194 | -€15,847 | -63.3% |
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 15 October 2026 via checked.be.