IMMO HOFVELD: 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.
IMMO HOFVELD
Largest movements
- Cash -€149,021
down €149,021 (-77.2%), from €193,149 to €44,128
mainly Debts after one year (-€120,000) and Receivables within one year (-€67,403)
- Tangible fixed assets -€147,115
down €147,115 (-3.3%), from €4.5m to €4.4m
of which Land and buildings: -€155,847
- Receivables within one year +€67,403
up €67,403 (+559.9%), from €12,038 to €79,441
of which Trade receivables: +€67,120
- Debts after one year -€120,000
down €120,000 (-3.6%), from €3.4m to €3.2m
- Trade debts -€56,958
down €56,958 (-99.9%), from €57,014 to €56
- Profit (loss) carried forward -€50,875
down €50,875 (-713.6%), from -€7,129 to -€58,004
- Gross operating margin -€60,144
down €60,144 (-17.2%), from €349,403 to €289,259
- Turnover -€47,134
down €47,134 (-13.1%), from €358,567 to €311,433
- Financial charges -€7,098
down €7,098 (-4.6%), from €155,428 to €148,330
- Purchases and services +€6,145
up €6,145 (+4.6%), from €134,361 to €140,506
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 | €4,754,302 | €4,499,567 | -€254,735 | -5.4% |
| Fixed assets | 21/28 | €4,523,093 | €4,375,978 | -€147,115 | -3.3% |
| Tangible fixed assets | 22/27 | €4,523,093 | €4,375,978 | -€147,115 | -3.3% |
| Land and buildings | 22 | €4,523,093 | €4,367,246 | -€155,847 | -3.4% |
| Plant, machinery and equipment | 23 | - | €8,732 | +€8,732 | |
| Current assets | 29/58 | €231,209 | €123,589 | -€107,620 | -46.5% |
| Amounts receivable within one year | 40/41 | €12,038 | €79,441 | +€67,403 | +559.9% |
| Trade receivables | 40 | - | €67,120 | +€67,120 | |
| Other amounts receivable | 41 | €12,038 | €12,321 | +€283 | +2.4% |
| Cash at bank and in hand | 54/58 | €193,149 | €44,128 | -€149,021 | -77.2% |
| Deferred charges and accrued income | 490/1 | €26,022 | €20 | -€26,002 | -99.9% |
| Total equity and liabilities | 10/49 | €4,754,302 | €4,499,567 | -€254,735 | -5.4% |
| Equity | 10/15 | €1,255,982 | €1,205,107 | -€50,875 | -4.1% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €13,111 | €13,111 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,111 | €13,111 | = | 0.0% |
| Legal reserve | 130 | €13,111 | €13,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,129 | -€58,004 | -€50,875 | -713.6% |
| Amounts payable | 17/49 | €3,498,320 | €3,294,460 | -€203,860 | -5.8% |
| Amounts payable after more than one year | 17 | €3,350,000 | €3,230,000 | -€120,000 | -3.6% |
| Financial debts | 170/4 | €3,350,000 | €3,230,000 | -€120,000 | -3.6% |
| Amounts payable within one year | 42/48 | €57,014 | €56 | -€56,958 | -99.9% |
| Trade debts | 44 | €57,014 | €56 | -€56,958 | -99.9% |
| Suppliers | 440/4 | €57,014 | €56 | -€56,958 | -99.9% |
| Accrued charges and deferred income | 492/3 | €91,306 | €64,404 | -€26,902 | -29.5% |
| Turnover | 70 | €358,567 | €311,433 | -€47,134 | -13.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €134,361 | €140,506 | +€6,145 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,847 | €156,148 | +€301 | +0.2% |
| Other operating charges | 640/8 | €37,377 | €38,542 | +€1,165 | +3.1% |
| Gross operating margin | 9900 | €349,403 | €289,259 | -€60,144 | -17.2% |
| Operating profit (loss) | 9901 | €156,179 | €94,569 | -€61,610 | -39.4% |
| Financial income | 75/76B | €5,158 | €2,886 | -€2,272 | -44.0% |
| Recurring financial income | 75 | €5,158 | €2,886 | -€2,272 | -44.0% |
| Financial charges | 65/66B | €155,428 | €148,330 | -€7,098 | -4.6% |
| Recurring financial charges | 65 | €155,428 | €148,330 | -€7,098 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €5,909 | -€50,875 | -€56,784 | |
| Profit (loss) for the period | 9904 | €5,909 | -€50,875 | -€56,784 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,909 | -€50,875 | -€56,784 |
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 12 October 2026 via checked.be.