Hofman Landscape: 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.
Hofman Landscape
Largest movements
- Stocks and contracts -€11,160
down €11,160 (-81.7%), from €13,661 to €2,501
- Tangible fixed assets -€6,386
down €6,386 (-30.1%), from €21,235 to €14,849
of which Furniture and vehicles: -€5,513
- Cash -€1,857
down €1,857 (-14.4%), from €12,860 to €11,003
mainly Net result for the year (-€16,593) and Trade debts (-€5,625)
- Receivables within one year +€1,608
up €1,608 (+48.7%), from €3,304 to €4,912
of which Other amounts receivable: +€1,006
- Profit (loss) carried forward -€16,593
down €16,593, from €6,116 to -€10,477
- Trade debts -€5,625
down €5,625 (-66.1%), from €8,512 to €2,887
- Other debts +€3,764
up €3,764 (+11.9%), from €31,505 to €35,269
- Advances received +€2,296
up €2,296 (+76.5%), from €3,000 to €5,296
- Short-term financial debts -€1,849
no longer reported in 2025 (was €1,849)
- Gross operating margin -€8,545
down €8,545, from €6,386 to -€2,159
- Staff costs +€5,171
up €5,171 (+259%), from €1,993 to €7,163
- Depreciation +€1,376
up €1,376 (+27.5%), from €5,010 to €6,386
- Other operating charges -€444
down €444 (-37.4%), from €1,188 to €744
- Financial charges -€82
down €82 (-36.8%), from €222 to €140
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 | €52,704 | €34,488 | -€18,216 | -34.6% |
| Fixed assets | 21/28 | €21,235 | €14,849 | -€6,386 | -30.1% |
| Tangible fixed assets | 22/27 | €21,235 | €14,849 | -€6,386 | -30.1% |
| Plant, machinery and equipment | 23 | €3,367 | €2,494 | -€873 | -25.9% |
| Furniture and vehicles | 24 | €17,868 | €12,355 | -€5,513 | -30.9% |
| Current assets | 29/58 | €31,469 | €19,639 | -€11,830 | -37.6% |
| Stocks and contracts in progress | 3 | €13,661 | €2,501 | -€11,160 | -81.7% |
| Stocks | 30/36 | €13,661 | €2,501 | -€11,160 | -81.7% |
| Amounts receivable within one year | 40/41 | €3,304 | €4,912 | +€1,608 | +48.7% |
| Trade receivables | 40 | €3,237 | €3,838 | +€602 | +18.6% |
| Other amounts receivable | 41 | €67 | €1,073 | +€1,006 | +1,502% |
| Cash at bank and in hand | 54/58 | €12,860 | €11,003 | -€1,857 | -14.4% |
| Deferred charges and accrued income | 490/1 | €1,644 | €1,224 | -€420 | -25.5% |
| Total equity and liabilities | 10/49 | €52,704 | €34,488 | -€18,216 | -34.6% |
| Equity | 10/15 | €7,116 | -€9,477 | -€16,593 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,116 | -€10,477 | -€16,593 | |
| Amounts payable | 17/49 | €45,587 | €43,965 | -€1,623 | -3.6% |
| Amounts payable within one year | 42/48 | €45,587 | €43,965 | -€1,623 | -3.6% |
| Financial debts | 43 | €1,849 | - | -€1,849 | |
| Credit institutions | 430/8 | €1,849 | - | -€1,849 | |
| Trade debts | 44 | €8,512 | €2,887 | -€5,625 | -66.1% |
| Suppliers | 440/4 | €8,512 | €2,887 | -€5,625 | -66.1% |
| Advances received on contracts in progress | 46 | €3,000 | €5,296 | +€2,296 | +76.5% |
| Taxes, remuneration and social security | 45 | €722 | €513 | -€209 | -28.9% |
| Taxes | 450/3 | €73 | €513 | +€440 | +600% |
| Remuneration and social security | 454/9 | €649 | - | -€649 | |
| Other amounts payable | 47/48 | €31,505 | €35,269 | +€3,764 | +11.9% |
| Remuneration, social security and pensions | 62 | €1,993 | €7,163 | +€5,171 | +259% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,010 | €6,386 | +€1,376 | +27.5% |
| Other operating charges | 640/8 | €1,188 | €744 | -€444 | -37.4% |
| Gross operating margin | 9900 | €6,386 | -€2,159 | -€8,545 | |
| Operating profit (loss) | 9901 | -€1,805 | -€16,453 | -€14,648 | -811% |
| Financial charges | 65/66B | €222 | €140 | -€82 | -36.8% |
| Recurring financial charges | 65 | €222 | €140 | -€82 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,027 | -€16,593 | -€14,566 | -719% |
| Profit (loss) for the period | 9904 | -€2,027 | -€16,593 | -€14,566 | -719% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,027 | -€16,593 | -€14,566 | -719% |
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 1 November 2026 via checked.be.