Hofman & Van Heule: 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 & Van Heule
Largest movements
- Receivables within one year +€15,880
up €15,880 (+90.4%), from €17,558 to €33,438
of which Other amounts receivable: +€23,590
- Tangible fixed assets -€10,186
down €10,186 (-21.6%), from €47,132 to €36,947
of which Furniture and vehicles: -€7,775
- Cash +€5,759
up €5,759 (+30.2%), from €19,068 to €24,828
mainly Trade debts (+€24,466) and Depreciation (+€12,886)
- Stocks and contracts +€1,230
up €1,230 (+12.0%), from €10,250 to €11,480
- Trade debts +€24,466
up €24,466 (+93.2%), from €26,265 to €50,730
- Debts after one year -€9,633
down €9,633 (-26.9%), from €35,768 to €26,135
- Reserves -€2,044
down €2,044 (-13.0%), from €15,704 to €13,660
- Gross operating margin -€28,695
down €28,695 (-59.5%), from €48,200 to €19,505
- Taxes -€4,145
down €4,145 (-88.1%), from €4,705 to €559
- Staff costs -€2,818
down €2,818 (-37.9%), from €7,437 to €4,619
- Other operating charges -€1,848
down €1,848 (-64.1%), from €2,880 to €1,033
- Depreciation -€1,382
down €1,382 (-9.7%), from €14,267 to €12,886
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 | €99,179 | €110,804 | +€11,625 | +11.7% |
| Fixed assets | 21/28 | €50,057 | €39,907 | -€10,151 | -20.3% |
| Tangible fixed assets | 22/27 | €47,132 | €36,947 | -€10,186 | -21.6% |
| Plant, machinery and equipment | 23 | €14,723 | €10,127 | -€4,596 | -31.2% |
| Furniture and vehicles | 24 | €27,812 | €20,037 | -€7,775 | -28.0% |
| Other tangible fixed assets | 26 | €4,597 | €6,782 | +€2,185 | +47.5% |
| Financial fixed assets | 28 | €2,925 | €2,960 | +€35 | +1.2% |
| Current assets | 29/58 | €49,122 | €70,898 | +€21,776 | +44.3% |
| Stocks and contracts in progress | 3 | €10,250 | €11,480 | +€1,230 | +12.0% |
| Stocks | 30/36 | €10,250 | €11,480 | +€1,230 | +12.0% |
| Amounts receivable within one year | 40/41 | €17,558 | €33,438 | +€15,880 | +90.4% |
| Trade receivables | 40 | €17,558 | €9,848 | -€7,710 | -43.9% |
| Other amounts receivable | 41 | - | €23,590 | +€23,590 | |
| Cash at bank and in hand | 54/58 | €19,068 | €24,828 | +€5,759 | +30.2% |
| Deferred charges and accrued income | 490/1 | €2,246 | €1,152 | -€1,094 | -48.7% |
| Total equity and liabilities | 10/49 | €99,179 | €110,804 | +€11,625 | +11.7% |
| Equity | 10/15 | €18,704 | €16,660 | -€2,044 | -10.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €15,704 | €13,660 | -€2,044 | -13.0% |
| Distributable reserves | 133 | €15,704 | €13,660 | -€2,044 | -13.0% |
| Amounts payable | 17/49 | €80,475 | €94,144 | +€13,669 | +17.0% |
| Amounts payable after more than one year | 17 | €35,768 | €26,135 | -€9,633 | -26.9% |
| Financial debts | 170/4 | €35,768 | €26,135 | -€9,633 | -26.9% |
| Amounts payable within one year | 42/48 | €43,395 | €67,509 | +€24,114 | +55.6% |
| Current portion of amounts payable after more than one year | 42 | €10,605 | €11,104 | +€500 | +4.7% |
| Trade debts | 44 | €26,265 | €50,730 | +€24,466 | +93.2% |
| Suppliers | 440/4 | €26,265 | €50,730 | +€24,466 | +93.2% |
| Advances received on contracts in progress | 46 | €150 | €0 | -€150 | -100% |
| Taxes, remuneration and social security | 45 | €6,359 | €5,675 | -€684 | -10.8% |
| Taxes | 450/3 | €6,000 | €5,264 | -€736 | -12.3% |
| Remuneration and social security | 454/9 | €359 | €411 | +€51 | +14.3% |
| Other amounts payable | 47/48 | €16 | €0 | -€16 | -100% |
| Accrued charges and deferred income | 492/3 | €1,313 | €500 | -€813 | -61.9% |
| Remuneration, social security and pensions | 62 | €7,437 | €4,619 | -€2,818 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,267 | €12,886 | -€1,382 | -9.7% |
| Other operating charges | 640/8 | €2,880 | €1,033 | -€1,848 | -64.1% |
| Gross operating margin | 9900 | €48,200 | €19,505 | -€28,695 | -59.5% |
| Operating profit (loss) | 9901 | €23,616 | €967 | -€22,648 | -95.9% |
| Financial income | 75/76B | €23 | €235 | +€212 | +920% |
| Recurring financial income | 75 | €23 | €235 | +€212 | +920% |
| Financial charges | 65/66B | €3,230 | €2,686 | -€544 | -16.8% |
| Recurring financial charges | 65 | €3,230 | €2,686 | -€544 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €20,409 | -€1,484 | -€21,893 | |
| Income taxes | 67/77 | €4,705 | €559 | -€4,145 | -88.1% |
| Profit (loss) for the period | 9904 | €15,704 | -€2,044 | -€17,748 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,704 | -€2,044 | -€17,748 |
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 20 October 2026 via checked.be.