Hofstaye: what changed
Hofstaye
Largest movements
- Tangible fixed assets -€22,786
down €22,786 (-23.8%), from €95,935 to €73,149
of which Furniture and vehicles: -€14,815
- Cash +€17,243
up €17,243 (+161%), from €10,691 to €27,934
mainly Depreciation (+€23,899) and Tax, wage and social debts (+€13,446)
- Receivables within one year +€4,620
up €4,620 (+300%), from €1,540 to €6,160
of which Trade receivables: +€4,211
- Other debts -€18,347
down €18,347 (-21.9%), from €83,664 to €65,317
- Tax, wage and social debts +€13,446
up €13,446 (+74.7%), from €17,992 to €31,438
of which Taxes: +€8,879
- Profit (loss) carried forward +€9,325
up €9,325 (+53.1%), from -€17,552 to -€8,227
- Debts after one year -€8,816
down €8,816 (-55.0%), from €16,041 to €7,225
- Trade debts +€5,235
up €5,235 (+35.0%), from €14,936 to €20,171
- Gross operating margin +€25,449
up €25,449 (+10.2%), from €248,702 to €274,152
- Staff costs -€10,463
down €10,463 (-4.3%), from €242,084 to €231,621
- Taxes +€4,559
new in 2025: €4,559
- Depreciation +€3,816
up €3,816 (+19.0%), from €20,083 to €23,899
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,027 | €126,240 | +€1,213 | +1.0% |
| Formation expenses | 20 | €976 | €728 | -€248 | -25.4% |
| Fixed assets | 21/28 | €105,820 | €83,034 | -€22,786 | -21.5% |
| Tangible fixed assets | 22/27 | €95,935 | €73,149 | -€22,786 | -23.8% |
| Plant, machinery and equipment | 23 | €33,888 | €25,918 | -€7,970 | -23.5% |
| Furniture and vehicles | 24 | €62,046 | €47,231 | -€14,815 | -23.9% |
| Financial fixed assets | 28 | €9,885 | €9,885 | = | 0.0% |
| Current assets | 29/58 | €18,231 | €42,478 | +€24,247 | +133% |
| Stocks and contracts in progress | 3 | €6,000 | €7,152 | +€1,152 | +19.2% |
| Stocks | 30/36 | €6,000 | €7,152 | +€1,152 | +19.2% |
| Amounts receivable within one year | 40/41 | €1,540 | €6,160 | +€4,620 | +300% |
| Trade receivables | 40 | - | €4,211 | +€4,211 | |
| Other amounts receivable | 41 | €1,540 | €1,949 | +€409 | +26.6% |
| Cash at bank and in hand | 54/58 | €10,691 | €27,934 | +€17,243 | +161% |
| Deferred charges and accrued income | 490/1 | - | €1,232 | +€1,232 | |
| Total equity and liabilities | 10/49 | €125,027 | €126,240 | +€1,213 | +1.0% |
| Equity | 10/15 | -€16,052 | -€6,727 | +€9,325 | +58.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,552 | -€8,227 | +€9,325 | +53.1% |
| Amounts payable | 17/49 | €141,079 | €132,967 | -€8,112 | -5.7% |
| Amounts payable after more than one year | 17 | €16,041 | €7,225 | -€8,816 | -55.0% |
| Financial debts | 170/4 | €16,041 | €7,225 | -€8,816 | -55.0% |
| Amounts payable within one year | 42/48 | €125,038 | €125,742 | +€704 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €8,445 | €8,816 | +€370 | +4.4% |
| Trade debts | 44 | €14,936 | €20,171 | +€5,235 | +35.0% |
| Suppliers | 440/4 | €14,936 | €20,171 | +€5,235 | +35.0% |
| Taxes, remuneration and social security | 45 | €17,992 | €31,438 | +€13,446 | +74.7% |
| Taxes | 450/3 | €11,937 | €20,816 | +€8,879 | +74.4% |
| Remuneration and social security | 454/9 | €6,056 | €10,622 | +€4,566 | +75.4% |
| Other amounts payable | 47/48 | €83,664 | €65,317 | -€18,347 | -21.9% |
| Remuneration, social security and pensions | 62 | €242,084 | €231,621 | -€10,463 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,083 | €23,899 | +€3,816 | +19.0% |
| Other operating charges | 640/8 | €2,361 | €3,314 | +€954 | +40.4% |
| Gross operating margin | 9900 | €248,702 | €274,152 | +€25,449 | +10.2% |
| Operating profit (loss) | 9901 | -€15,825 | €15,318 | +€31,143 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +8,900% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +8,900% |
| Financial charges | 65/66B | €1,727 | €1,435 | -€292 | -16.9% |
| Recurring financial charges | 65 | €1,727 | €1,435 | -€292 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,552 | €13,884 | +€31,436 | |
| Income taxes | 67/77 | - | €4,559 | +€4,559 | |
| Profit (loss) for the period | 9904 | -€17,552 | €9,325 | +€26,877 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,552 | €9,325 | +€26,877 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.