HOFMANS: 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.
HOFMANS
Largest movements
- Cash +€63,280
up €63,280 (+20.9%), from €303,341 to €366,621
mainly Current investments (+€50,534) and Depreciation (+€17,187)
- Current investments -€50,534
no longer reported in 2025 (was €50,534)
- Tangible fixed assets -€16,072
down €16,072 (-17.4%), from €92,286 to €76,214
of which Furniture and vehicles: -€11,546
- Reserves +€9,188
up €9,188 (+3.0%), from €309,504 to €318,692
of which Distributable reserves: +€11,047
- Other debts -€9,188
down €9,188 (-37.6%), from €24,415 to €15,227
- Turnover -€114,243
no longer reported in 2025 (was €114,243)
- Purchases and services -€104,656
no longer reported in 2025 (was €104,656)
- Gross operating margin +€18,860
up €18,860 (+197%), from €9,587 to €28,447
- Taxes +€3,355
up €3,355 (+115%), from €2,907 to €6,262
- Provisions +€3,000
no longer reported in 2025 (was -€3,000)
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 | €533,330 | €534,249 | +€919 | +0.2% |
| Fixed assets | 21/28 | €92,286 | €76,214 | -€16,072 | -17.4% |
| Tangible fixed assets | 22/27 | €92,286 | €76,214 | -€16,072 | -17.4% |
| Plant, machinery and equipment | 23 | €47,162 | €42,636 | -€4,526 | -9.6% |
| Furniture and vehicles | 24 | €45,124 | €33,578 | -€11,546 | -25.6% |
| Current assets | 29/58 | €441,044 | €458,035 | +€16,991 | +3.9% |
| Stocks and contracts in progress | 3 | €1,182 | €1,182 | +€0 | 0.0% |
| Stocks | 30/36 | €1,182 | €1,182 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €85,987 | €90,232 | +€4,245 | +4.9% |
| Trade receivables | 40 | €68,297 | €74,960 | +€6,663 | +9.8% |
| Other amounts receivable | 41 | €17,690 | €15,272 | -€2,418 | -13.7% |
| Current investments | 50/53 | €50,534 | - | -€50,534 | |
| Cash at bank and in hand | 54/58 | €303,341 | €366,621 | +€63,280 | +20.9% |
| Total equity and liabilities | 10/49 | €533,330 | €534,249 | +€919 | +0.2% |
| Equity | 10/15 | €328,148 | €337,284 | +€9,136 | +2.8% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €309,504 | €318,692 | +€9,188 | +3.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Other | 1319 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €307,645 | €318,692 | +€11,047 | +3.6% |
| Profit (loss) carried forward | 14 | €52 | - | -€52 | |
| Provisions and deferred taxes | 16 | €46,500 | €46,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €46,500 | €46,500 | = | 0.0% |
| Major repairs and maintenance | 162 | - | €17,000 | +€17,000 | |
| Environmental obligations | 163 | - | €29,500 | +€29,500 | |
| Other liabilities and charges | 164/5 | €46,500 | - | -€46,500 | |
| Amounts payable | 17/49 | €158,682 | €150,465 | -€8,217 | -5.2% |
| Amounts payable within one year | 42/48 | €158,682 | €150,465 | -€8,217 | -5.2% |
| Trade debts | 44 | €129,685 | €130,989 | +€1,304 | +1.0% |
| Suppliers | 440/4 | €129,685 | €130,989 | +€1,304 | +1.0% |
| Taxes, remuneration and social security | 45 | €4,582 | €4,249 | -€333 | -7.3% |
| Taxes | 450/3 | €4,582 | €4,249 | -€333 | -7.3% |
| Other amounts payable | 47/48 | €24,415 | €15,227 | -€9,188 | -37.6% |
| Turnover | 70 | €114,243 | - | -€114,243 | |
| Goods, raw materials, services and sundry goods | 60/61 | €104,656 | - | -€104,656 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,939 | €17,187 | +€1,248 | +7.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,000 | - | +€3,000 | |
| Gross operating margin | 9900 | €9,587 | €28,447 | +€18,860 | +197% |
| Operating profit (loss) | 9901 | -€3,352 | €11,260 | +€14,612 | |
| Financial income | 75/76B | €6,356 | €4,205 | -€2,151 | -33.8% |
| Recurring financial income | 75 | €6,356 | €4,205 | -€2,151 | -33.8% |
| Financial charges | 65/66B | €45 | €68 | +€23 | +50.0% |
| Recurring financial charges | 65 | €45 | €68 | +€23 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €2,959 | €15,398 | +€12,439 | +420% |
| Income taxes | 67/77 | €2,907 | €6,262 | +€3,355 | +115% |
| Profit (loss) for the period | 9904 | €52 | €9,136 | +€9,084 | +17,469% |
| Profit (loss) for the period to be appropriated | 9905 | €52 | €9,136 | +€9,084 | +17,469% |
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 25 October 2026 via checked.be.