HOFKOUTER: 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.
HOFKOUTER
Largest movements
- Cash -€2.2m
down €2.2m (-81.1%), from €2.8m to €523,157
mainly Contributions, distributions and other (-€1.7m) and Other debts (-€550,000)
- Receivables within one year -€62,151
down €62,151 (-85.4%), from €72,780 to €10,629
of which Trade receivables: -€65,704
- Contributions -€1.3m
down €1.3m (-95.6%), from €1.4m to €61,500
- Other debts -€550,000
down €550,000 (-57.9%), from €950,000 to €400,000
- Profit (loss) carried forward -€272,783
down €272,783 (-80.6%), from €338,314 to €65,531
- Reserves -€132,150
down €132,150 (-95.6%), from €138,300 to €6,150
- Taxes -€493,464
no longer reported in 2025 (was €493,464)
of which Taxes: -€496,413
- Services and other goods -€245,801
down €245,801 (-95.6%), from €257,211 to €11,411
- Turnover -€180,982
no longer reported in 2025 (was €180,982)
- Depreciation -€96,341
no longer reported in 2025 (was €96,341)
- Financial income -€73,741
down €73,741 (-71.2%), from €103,564 to €29,823
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 | €2,844,486 | €533,786 | -€2.3m | -81.2% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Current assets | 29/58 | €2,844,486 | €533,786 | -€2.3m | -81.2% |
| Amounts receivable within one year | 40/41 | €72,780 | €10,629 | -€62,151 | -85.4% |
| Trade receivables | 40 | €65,704 | - | -€65,704 | |
| Other amounts receivable | 41 | €7,075 | €10,629 | +€3,553 | +50.2% |
| Cash at bank and in hand | 54/58 | €2,771,707 | €523,157 | -€2.2m | -81.1% |
| Total equity and liabilities | 10/49 | €2,844,486 | €533,786 | -€2.3m | -81.2% |
| Equity | 10/15 | €1,859,614 | €133,181 | -€1.7m | -92.8% |
| Contributions | 10/11 | €1,383,000 | €61,500 | -€1.3m | -95.6% |
| Capital | 10 | €1,383,000 | €61,500 | -€1.3m | -95.6% |
| Issued capital | 100 | €1,383,000 | €61,500 | -€1.3m | -95.6% |
| Reserves | 13 | €138,300 | €6,150 | -€132,150 | -95.6% |
| Non-distributable reserves | 130/1 | €138,300 | €6,150 | -€132,150 | -95.6% |
| Legal reserve | 130 | €138,300 | €6,150 | -€132,150 | -95.6% |
| Profit (loss) carried forward | 14 | €338,314 | €65,531 | -€272,783 | -80.6% |
| Amounts payable | 17/49 | €984,872 | €400,605 | -€584,267 | -59.3% |
| Amounts payable within one year | 42/48 | €984,872 | €400,605 | -€584,267 | -59.3% |
| Trade debts | 44 | €21,529 | €605 | -€20,924 | -97.2% |
| Suppliers | 440/4 | €21,529 | €605 | -€20,924 | -97.2% |
| Taxes, remuneration and social security | 45 | €13,344 | - | -€13,344 | |
| Taxes | 450/3 | €13,344 | - | -€13,344 | |
| Other amounts payable | 47/48 | €950,000 | €400,000 | -€550,000 | -57.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €3,577,760 | €2,395 | -€3.6m | -99.9% |
| Turnover | 70 | €180,982 | - | -€180,982 | |
| Other operating income | 74 | €65,789 | €2,395 | -€63,394 | -96.4% |
| Non-recurring operating income | 76A | €3,330,989 | - | -€3.3m | |
| Operating charges | 60/66A | €441,840 | €36,600 | -€405,240 | -91.7% |
| Services and other goods | 61 | €257,211 | €11,411 | -€245,801 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,341 | - | -€96,341 | |
| Other operating charges | 640/8 | €88,288 | €25,190 | -€63,098 | -71.5% |
| Operating profit (loss) | 9901 | €3,135,920 | -€34,206 | -€3.2m | |
| Financial income | 75/76B | €103,564 | €29,823 | -€73,741 | -71.2% |
| Recurring financial income | 75 | €103,564 | €29,823 | -€73,741 | -71.2% |
| Income from current assets | 751 | €103,564 | €29,823 | -€73,741 | -71.2% |
| Financial charges | 65/66B | €574 | €551 | -€24 | -4.1% |
| Recurring financial charges | 65 | €574 | €551 | -€24 | -4.1% |
| Other financial charges | 652/9 | €574 | €551 | -€24 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €3,238,910 | -€4,933 | -€3.2m | |
| Income taxes | 67/77 | €493,464 | - | -€493,464 | |
| Taxes | 670/3 | €496,413 | - | -€496,413 | |
| Tax adjustments and reversals of tax provisions | 77 | €2,949 | - | -€2,949 | |
| Profit (loss) for the period | 9904 | €2,745,446 | -€4,933 | -€2.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,745,446 | -€4,933 | -€2.8m |
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 9 October 2026 via checked.be.