Sammy 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.
Sammy Hofmans
Largest movements
- Tangible fixed assets +€314,156
new in 2025: €314,156
of which Land and buildings: +€313,000
- Receivables after one year -€170,000
down €170,000 (-100%), from €170,000 to €0
- Cash -€88,768
down €88,768 (-70.9%), from €125,257 to €36,489
mainly Investment in fixed assets (net) (-€315,200) and Contributions, distributions and other (-€301,256)
- Deferred charges and accrued income -€4,449
down €4,449 (-82.1%), from €5,421 to €972
- Reserves -€217,535
down €217,535 (-99.9%), from €217,652 to €118
- Debts after one year +€210,986
new in 2025: €210,986
- Other debts +€46,622
new in 2025: €46,622
- Current portion of long-term debt +€43,617
new in 2025: €43,617
- Tax, wage and social debts -€30,348
down €30,348 (-39.6%), from €76,713 to €46,365
- Gross operating margin -€11,826
down €11,826 (-9.6%), from €123,738 to €111,912
- Financial income -€4,400
down €4,400 (-100%), from €4,400 to €0
- Taxes -€4,344
down €4,344 (-15.9%), from €27,256 to €22,912
- Financial charges +€1,258
up €1,258 (+66.0%), from €1,907 to €3,165
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 | €301,745 | €353,905 | +€52,159 | +17.3% |
| Fixed assets | 21/28 | - | €314,156 | +€314,156 | |
| Tangible fixed assets | 22/27 | - | €314,156 | +€314,156 | |
| Land and buildings | 22 | - | €313,000 | +€313,000 | |
| Furniture and vehicles | 24 | - | €1,156 | +€1,156 | |
| Current assets | 29/58 | €301,745 | €39,749 | -€261,996 | -86.8% |
| Amounts receivable after more than one year | 29 | €170,000 | €0 | -€170,000 | -100% |
| Other amounts receivable | 291 | €170,000 | €0 | -€170,000 | -100% |
| Amounts receivable within one year | 40/41 | €1,068 | €2,287 | +€1,220 | +114% |
| Other amounts receivable | 41 | €1,068 | €2,287 | +€1,220 | +114% |
| Cash at bank and in hand | 54/58 | €125,257 | €36,489 | -€88,768 | -70.9% |
| Deferred charges and accrued income | 490/1 | €5,421 | €972 | -€4,449 | -82.1% |
| Total equity and liabilities | 10/49 | €301,745 | €353,905 | +€52,159 | +17.3% |
| Equity | 10/15 | €222,652 | €5,118 | -€217,535 | -97.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €217,652 | €118 | -€217,535 | -99.9% |
| Distributable reserves | 133 | €217,652 | €118 | -€217,535 | -99.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €79,093 | €348,787 | +€269,694 | +341% |
| Amounts payable after more than one year | 17 | - | €210,986 | +€210,986 | |
| Financial debts | 170/4 | - | €210,986 | +€210,986 | |
| Amounts payable within one year | 42/48 | €79,093 | €137,801 | +€58,708 | +74.2% |
| Current portion of amounts payable after more than one year | 42 | - | €43,617 | +€43,617 | |
| Financial debts | 43 | €225 | €0 | -€225 | -100% |
| Credit institutions | 430/8 | €225 | €0 | -€225 | -100% |
| Trade debts | 44 | €2,155 | €1,197 | -€958 | -44.4% |
| Suppliers | 440/4 | €2,155 | €1,197 | -€958 | -44.4% |
| Taxes, remuneration and social security | 45 | €76,713 | €46,365 | -€30,348 | -39.6% |
| Taxes | 450/3 | €76,713 | €46,365 | -€30,348 | -39.6% |
| Other amounts payable | 47/48 | - | €46,622 | +€46,622 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €1,045 | +€1,045 | |
| Other operating charges | 640/8 | €2,003 | €1,069 | -€934 | -46.6% |
| Gross operating margin | 9900 | €123,738 | €111,912 | -€11,826 | -9.6% |
| Operating profit (loss) | 9901 | €121,735 | €109,798 | -€11,937 | -9.8% |
| Financial income | 75/76B | €4,400 | €0 | -€4,400 | -100% |
| Recurring financial income | 75 | €4,400 | €0 | -€4,400 | -100% |
| Financial charges | 65/66B | €1,907 | €3,165 | +€1,258 | +66.0% |
| Recurring financial charges | 65 | €1,907 | €3,165 | +€1,258 | +66.0% |
| Profit (loss) for the period before taxes | 9903 | €124,228 | €106,634 | -€17,595 | -14.2% |
| Income taxes | 67/77 | €27,256 | €22,912 | -€4,344 | -15.9% |
| Profit (loss) for the period | 9904 | €96,972 | €83,722 | -€13,250 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €96,972 | €83,722 | -€13,250 | -13.7% |
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 1 November 2026 via checked.be.