HOFMAN PETER: 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 PETER
Largest movements
- Cash -€34,991
down €34,991 (-14.8%), from €236,099 to €201,108
mainly Debts after one year (-€136,774) and Investment in fixed assets (net) (-€18,755)
- Tangible fixed assets -€10,374
down €10,374 (-23.4%), from €44,299 to €33,925
of which Furniture and vehicles: -€5,452
- Receivables within one year +€7,758
up €7,758 (+19.1%), from €40,524 to €48,282
of which Trade receivables: +€17,915
- Debts after one year -€136,774
down €136,774 (-93.2%), from €146,756 to €9,982
of which Other amounts payable: -€132,000
- Reserves +€62,923
up €62,923 (+53.0%), from €118,797 to €181,720
- Tax, wage and social debts +€23,905
up €23,905 (+1414.5%), from €1,690 to €25,595
of which Taxes: +€12,296
- Trade debts +€8,727
up €8,727 (+50.1%), from €17,427 to €26,154
- Other debts +€6,388
up €6,388 (+301.3%), from €2,120 to €8,508
- Gross operating margin +€144,727
up €144,727 (+280.6%), from €51,582 to €196,309
- Staff costs +€70,954
up €70,954 (+8467.1%), from €838 to €71,792
- Taxes +€18,659
up €18,659 (+217.1%), from €8,593 to €27,252
- Depreciation +€4,288
up €4,288 (+17.3%), from €24,841 to €29,129
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 | €326,522 | €290,701 | -€35,821 | -11.0% |
| Fixed assets | 21/28 | €44,299 | €33,925 | -€10,374 | -23.4% |
| Tangible fixed assets | 22/27 | €44,299 | €33,925 | -€10,374 | -23.4% |
| Plant, machinery and equipment | 23 | €6,185 | €4,140 | -€2,045 | -33.1% |
| Furniture and vehicles | 24 | €31,386 | €25,934 | -€5,452 | -17.4% |
| Other tangible fixed assets | 26 | €6,728 | €3,851 | -€2,877 | -42.8% |
| Current assets | 29/58 | €282,223 | €256,776 | -€25,447 | -9.0% |
| Amounts receivable within one year | 40/41 | €40,524 | €48,282 | +€7,758 | +19.1% |
| Trade receivables | 40 | €30,262 | €48,177 | +€17,915 | +59.2% |
| Other amounts receivable | 41 | €10,262 | €105 | -€10,157 | -99.0% |
| Cash at bank and in hand | 54/58 | €236,099 | €201,108 | -€34,991 | -14.8% |
| Deferred charges and accrued income | 490/1 | €5,600 | €7,386 | +€1,786 | +31.9% |
| Total equity and liabilities | 10/49 | €326,522 | €290,701 | -€35,821 | -11.0% |
| Equity | 10/15 | €138,801 | €201,720 | +€62,919 | +45.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €118,797 | €181,720 | +€62,923 | +53.0% |
| Distributable reserves | 133 | €118,797 | €181,720 | +€62,923 | +53.0% |
| Profit (loss) carried forward | 14 | €4 | - | -€4 | |
| Amounts payable | 17/49 | €187,721 | €88,981 | -€98,740 | -52.6% |
| Amounts payable after more than one year | 17 | €146,756 | €9,982 | -€136,774 | -93.2% |
| Financial debts | 170/4 | €11,106 | €6,332 | -€4,774 | -43.0% |
| Other amounts payable | 178/9 | €135,650 | €3,650 | -€132,000 | -97.3% |
| Amounts payable within one year | 42/48 | €38,965 | €76,791 | +€37,826 | +97.1% |
| Current portion of amounts payable after more than one year | 42 | €17,728 | €16,534 | -€1,194 | -6.7% |
| Trade debts | 44 | €17,427 | €26,154 | +€8,727 | +50.1% |
| Suppliers | 440/4 | €17,427 | €26,154 | +€8,727 | +50.1% |
| Taxes, remuneration and social security | 45 | €1,690 | €25,595 | +€23,905 | +1414.5% |
| Taxes | 450/3 | €1,690 | €13,986 | +€12,296 | +727.6% |
| Remuneration and social security | 454/9 | - | €11,609 | +€11,609 | |
| Other amounts payable | 47/48 | €2,120 | €8,508 | +€6,388 | +301.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,208 | +€208 | +10.4% |
| Remuneration, social security and pensions | 62 | €838 | €71,792 | +€70,954 | +8467.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,841 | €29,129 | +€4,288 | +17.3% |
| Other operating charges | 640/8 | €1,074 | €1,562 | +€488 | +45.4% |
| Gross operating margin | 9900 | €51,582 | €196,309 | +€144,727 | +280.6% |
| Operating profit (loss) | 9901 | €24,829 | €93,826 | +€68,997 | +277.9% |
| Financial income | 75/76B | €1,207 | €2,774 | +€1,567 | +129.8% |
| Recurring financial income | 75 | €1,207 | €2,774 | +€1,567 | +129.8% |
| Financial charges | 65/66B | €523 | €929 | +€406 | +77.6% |
| Recurring financial charges | 65 | €523 | €929 | +€406 | +77.6% |
| Profit (loss) for the period before taxes | 9903 | €25,513 | €95,671 | +€70,158 | +275.0% |
| Income taxes | 67/77 | €8,593 | €27,252 | +€18,659 | +217.1% |
| Profit (loss) for the period | 9904 | €16,920 | €68,419 | +€51,499 | +304.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,920 | €68,419 | +€51,499 | +304.4% |
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 7 October 2026 via checked.be.