HOFMAN DRIES: what changed
HOFMAN DRIES
Largest movements
- Tangible fixed assets +€186,235
up €186,235 (+50.0%), from €372,384 to €558,619
of which Leasing and similar rights: +€227,855
- Cash +€65,379
up €65,379 (+139%), from €46,903 to €112,283
mainly Debts after one year (+€179,829) and Depreciation (+€110,604)
- Deferred charges and accrued income +€20,143
up €20,143 (+110%), from €18,365 to €38,508
- Receivables within one year -€16,184
down €16,184 (-12.8%), from €126,079 to €109,895
of which Trade receivables: -€22,929
- Debts after one year +€179,829
up €179,829 (+76.6%), from €234,758 to €414,587
- Trade debts +€48,971
up €48,971 (+124%), from €39,451 to €88,422
- Other debts +€27,944
up €27,944 (+146%), from €19,162 to €47,106
- Current portion of long-term debt +€14,646
up €14,646 (+13.7%), from €107,101 to €121,747
- Tax, wage and social debts -€10,124
down €10,124 (-20.3%), from €49,897 to €39,772
of which Taxes: -€7,052
- Depreciation -€34,797
down €34,797 (-23.9%), from €145,401 to €110,604
- Gross operating margin -€17,239
down €17,239 (-3.1%), from €550,901 to €533,662
- Staff costs -€12,675
down €12,675 (-3.8%), from €331,118 to €318,443
- Financial charges +€8,097
up €8,097 (+63.4%), from €12,763 to €20,860
- Other operating charges +€8,017
up €8,017 (+21.5%), from €37,354 to €45,372
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €563,732 | €819,305 | +€255,573 | +45.3% |
| Fixed assets | 21/28 | €372,384 | €558,619 | +€186,235 | +50.0% |
| Tangible fixed assets | 22/27 | €372,384 | €558,619 | +€186,235 | +50.0% |
| Land and buildings | 22 | €7,095 | €6,334 | -€761 | -10.7% |
| Plant, machinery and equipment | 23 | €4,396 | €6,218 | +€1,822 | +41.4% |
| Furniture and vehicles | 24 | €93,124 | €50,443 | -€42,681 | -45.8% |
| Leasing and similar rights | 25 | €267,769 | €495,624 | +€227,855 | +85.1% |
| Current assets | 29/58 | €191,348 | €260,686 | +€69,338 | +36.2% |
| Amounts receivable within one year | 40/41 | €126,079 | €109,895 | -€16,184 | -12.8% |
| Trade receivables | 40 | €121,051 | €98,122 | -€22,929 | -18.9% |
| Other amounts receivable | 41 | €5,028 | €11,773 | +€6,745 | +134% |
| Cash at bank and in hand | 54/58 | €46,903 | €112,283 | +€65,379 | +139% |
| Deferred charges and accrued income | 490/1 | €18,365 | €38,508 | +€20,143 | +110% |
| Total equity and liabilities | 10/49 | €563,732 | €819,305 | +€255,573 | +45.3% |
| Equity | 10/15 | €106,913 | €105,420 | -€1,493 | -1.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €86,913 | €85,420 | -€1,493 | -1.7% |
| Distributable reserves | 133 | €86,913 | €85,420 | -€1,493 | -1.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €456,818 | €713,885 | +€257,066 | +56.3% |
| Amounts payable after more than one year | 17 | €234,758 | €414,587 | +€179,829 | +76.6% |
| Financial debts | 170/4 | €234,758 | €414,587 | +€179,829 | +76.6% |
| Amounts payable within one year | 42/48 | €222,061 | €297,048 | +€74,987 | +33.8% |
| Current portion of amounts payable after more than one year | 42 | €107,101 | €121,747 | +€14,646 | +13.7% |
| Financial debts | 43 | €6,450 | €0 | -€6,450 | -100% |
| Credit institutions | 430/8 | €6,450 | €0 | -€6,450 | -100% |
| Trade debts | 44 | €39,451 | €88,422 | +€48,971 | +124% |
| Suppliers | 440/4 | €39,451 | €88,422 | +€48,971 | +124% |
| Taxes, remuneration and social security | 45 | €49,897 | €39,772 | -€10,124 | -20.3% |
| Taxes | 450/3 | €18,215 | €11,163 | -€7,052 | -38.7% |
| Remuneration and social security | 454/9 | €31,682 | €28,609 | -€3,072 | -9.7% |
| Other amounts payable | 47/48 | €19,162 | €47,106 | +€27,944 | +146% |
| Accrued charges and deferred income | 492/3 | - | €2,250 | +€2,250 | |
| Non-recurring operating income | 76A | €15,000 | €38,083 | +€23,083 | +154% |
| Remuneration, social security and pensions | 62 | €331,118 | €318,443 | -€12,675 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,401 | €110,604 | -€34,797 | -23.9% |
| Other operating charges | 640/8 | €37,354 | €45,372 | +€8,017 | +21.5% |
| Gross operating margin | 9900 | €550,901 | €533,662 | -€17,239 | -3.1% |
| Operating profit (loss) | 9901 | €37,027 | €59,243 | +€22,216 | +60.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €12,763 | €20,860 | +€8,097 | +63.4% |
| Recurring financial charges | 65 | €12,763 | €20,860 | +€8,097 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | €24,264 | €38,383 | +€14,119 | +58.2% |
| Income taxes | 67/77 | €5,547 | €8,255 | +€2,708 | +48.8% |
| Profit (loss) for the period | 9904 | €18,717 | €30,128 | +€11,411 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,717 | €30,128 | +€11,411 | +61.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.