Hofnar: 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.
Hofnar
Largest movements
- Tangible fixed assets -€62,391
down €62,391 (-10.9%), from €574,003 to €511,611
- Receivables within one year +€19,607
up €19,607 (+18.2%), from €107,685 to €127,293
of which Trade receivables: +€12,293
- Debts after one year -€50,145
down €50,145 (-16.8%), from €298,146 to €248,001
- Other debts -€39,184
down €39,184 (-57.9%), from €67,624 to €28,440
- Reserves +€22,148
up €22,148 (+10.0%), from €222,469 to €244,617
of which Distributable reserves: +€28,281
- Trade debts +€13,201
up €13,201 (+37.0%), from €35,719 to €48,920
- Gross operating margin -€21,982
down €21,982 (-10.0%), from €220,221 to €198,239
- Taxes +€7,720
up €7,720 (+44.0%), from €17,555 to €25,275
- Depreciation +€5,956
up €5,956 (+7.7%), from €77,388 to €83,344
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 | €771,734 | €723,309 | -€48,425 | -6.3% |
| Fixed assets | 21/28 | €574,664 | €512,272 | -€62,391 | -10.9% |
| Tangible fixed assets | 22/27 | €574,003 | €511,611 | -€62,391 | -10.9% |
| Land and buildings | 22 | €366,955 | €347,360 | -€19,596 | -5.3% |
| Plant, machinery and equipment | 23 | €122,697 | €94,362 | -€28,335 | -23.1% |
| Furniture and vehicles | 24 | €84,350 | €69,890 | -€14,460 | -17.1% |
| Financial fixed assets | 28 | €661 | €661 | = | 0.0% |
| Current assets | 29/58 | €197,070 | €211,037 | +€13,967 | +7.1% |
| Amounts receivable within one year | 40/41 | €107,685 | €127,293 | +€19,607 | +18.2% |
| Trade receivables | 40 | €107,406 | €119,698 | +€12,293 | +11.4% |
| Other amounts receivable | 41 | €280 | €7,594 | +€7,315 | +2,617% |
| Cash at bank and in hand | 54/58 | €85,899 | €81,902 | -€3,998 | -4.7% |
| Deferred charges and accrued income | 490/1 | €3,486 | €1,843 | -€1,643 | -47.1% |
| Total equity and liabilities | 10/49 | €771,734 | €723,309 | -€48,425 | -6.3% |
| Equity | 10/15 | €272,469 | €294,617 | +€22,148 | +8.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €222,469 | €244,617 | +€22,148 | +10.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,096 | €13,963 | -€6,133 | -30.5% |
| Distributable reserves | 133 | €197,373 | €225,654 | +€28,281 | +14.3% |
| Provisions and deferred taxes | 16 | €6,699 | €4,654 | -€2,044 | -30.5% |
| Deferred taxes | 168 | €6,699 | €4,654 | -€2,044 | -30.5% |
| Amounts payable | 17/49 | €492,566 | €424,038 | -€68,529 | -13.9% |
| Amounts payable after more than one year | 17 | €298,146 | €248,001 | -€50,145 | -16.8% |
| Financial debts | 170/4 | €298,146 | €248,001 | -€50,145 | -16.8% |
| Amounts payable within one year | 42/48 | €194,420 | €176,036 | -€18,384 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €48,998 | €50,145 | +€1,147 | +2.3% |
| Trade debts | 44 | €35,719 | €48,920 | +€13,201 | +37.0% |
| Suppliers | 440/4 | €35,719 | €48,920 | +€13,201 | +37.0% |
| Taxes, remuneration and social security | 45 | €42,079 | €48,531 | +€6,452 | +15.3% |
| Taxes | 450/3 | €27,273 | €33,677 | +€6,404 | +23.5% |
| Remuneration and social security | 454/9 | €14,806 | €14,854 | +€48 | +0.3% |
| Other amounts payable | 47/48 | €67,624 | €28,440 | -€39,184 | -57.9% |
| Remuneration, social security and pensions | 62 | €54,868 | €55,312 | +€444 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,388 | €83,344 | +€5,956 | +7.7% |
| Other operating charges | 640/8 | €5,526 | €5,311 | -€216 | -3.9% |
| Gross operating margin | 9900 | €220,221 | €198,239 | -€21,982 | -10.0% |
| Operating profit (loss) | 9901 | €82,439 | €54,272 | -€28,167 | -34.2% |
| Financial income | 75/76B | €1,480 | - | -€1,480 | |
| Recurring financial income | 75 | €1,480 | - | -€1,480 | |
| Financial charges | 65/66B | €8,516 | €8,894 | +€378 | +4.4% |
| Recurring financial charges | 65 | €8,516 | €8,894 | +€378 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €75,403 | €45,379 | -€30,024 | -39.8% |
| Transfer from deferred taxes | 780 | €2,044 | €2,044 | = | 0.0% |
| Income taxes | 67/77 | €17,555 | €25,275 | +€7,720 | +44.0% |
| Profit (loss) for the period | 9904 | €59,892 | €22,148 | -€37,744 | -63.0% |
| Transfer from tax-exempt reserves | 789 | €6,133 | €6,133 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,025 | €28,281 | -€37,744 | -57.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.