HofMan: what changed
Two fiscal 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.
HofMan
Largest movements
- Receivables within one year +€81,502
up €81,502 (+2037.5%), from €4,000 to €85,502
of which Other amounts receivable: +€69,441
- Cash -€4,062
down €4,062 (-57.6%), from €7,049 to €2,987
mainly Receivables within one year (-€81,502) and Deferred charges and accrued income (-€670)
- Formation expenses -€1,004
down €1,004 (-100.0%), from €1,004 to €0
- Reserves +€45,353
up €45,353 (+35968.5%), from €126 to €45,479
- Tax, wage and social debts +€29,323
up €29,323 (+864.6%), from €3,391 to €32,714
- Accrued charges and deferred income +€1,976
new in 2025: €1,976
- Gross operating margin +€57,883
up €57,883 (+3693.4%), from €1,567 to €59,450
- Taxes +€11,526
up €11,526 (+2104.2%), from €548 to €12,074
- Financial income +€1,286
new in 2025: €1,286
- Other operating charges +€1,233
up €1,233 (+299.7%), from €411 to €1,645
- Depreciation +€667
up €667 (+197.8%), from €337 to €1,004
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 | €12,053 | €89,159 | +€77,106 | +639.7% |
| Formation expenses | 20 | €1,004 | €0 | -€1,004 | -100.0% |
| Current assets | 29/58 | €11,049 | €89,159 | +€78,110 | +706.9% |
| Amounts receivable within one year | 40/41 | €4,000 | €85,502 | +€81,502 | +2037.5% |
| Trade receivables | 40 | - | €12,060 | +€12,060 | |
| Other amounts receivable | 41 | €4,000 | €73,441 | +€69,441 | +1736.0% |
| Cash at bank and in hand | 54/58 | €7,049 | €2,987 | -€4,062 | -57.6% |
| Deferred charges and accrued income | 490/1 | - | €670 | +€670 | |
| Total equity and liabilities | 10/49 | €12,053 | €89,159 | +€77,106 | +639.7% |
| Equity | 10/15 | €3,126 | €48,479 | +€45,353 | +1450.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €126 | €45,479 | +€45,353 | +35968.5% |
| Distributable reserves | 133 | €126 | €45,479 | +€45,353 | +35968.5% |
| Amounts payable | 17/49 | €8,927 | €40,681 | +€31,754 | +355.7% |
| Amounts payable within one year | 42/48 | €8,927 | €38,704 | +€29,777 | +333.6% |
| Trade debts | 44 | €5,322 | €5,990 | +€668 | +12.5% |
| Suppliers | 440/4 | €5,322 | €5,990 | +€668 | +12.5% |
| Taxes, remuneration and social security | 45 | €3,391 | €32,714 | +€29,323 | +864.6% |
| Taxes | 450/3 | €3,391 | €32,714 | +€29,323 | +864.6% |
| Other amounts payable | 47/48 | €213 | €0 | -€213 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,976 | +€1,976 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €1,004 | +€667 | +197.8% |
| Other operating charges | 640/8 | €411 | €1,645 | +€1,233 | +299.7% |
| Gross operating margin | 9900 | €1,567 | €59,450 | +€57,883 | +3693.4% |
| Operating profit (loss) | 9901 | €819 | €56,801 | +€55,983 | +6838.1% |
| Financial income | 75/76B | - | €1,286 | +€1,286 | |
| Recurring financial income | 75 | - | €1,286 | +€1,286 | |
| Financial charges | 65/66B | €145 | €661 | +€516 | +356.2% |
| Recurring financial charges | 65 | €145 | €661 | +€516 | +356.2% |
| Profit (loss) for the period before taxes | 9903 | €674 | €57,426 | +€56,753 | +8422.3% |
| Income taxes | 67/77 | €548 | €12,074 | +€11,526 | +2104.2% |
| Profit (loss) for the period | 9904 | €126 | €45,353 | +€45,227 | +35868.5% |
| Profit (loss) for the period to be appropriated | 9905 | €126 | €45,353 | +€45,227 | +35868.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.