SYX-HOFLACK: 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.
SYX-HOFLACK
Largest movements
- Receivables within one year +€246,856
up €246,856 (+3,061%), from €8,063 to €254,919
- Cash +€145,237
up €145,237 (+566%), from €25,666 to €170,903
mainly Net result for the year (+€377,185) and Depreciation (+€83,132)
- Tangible fixed assets -€73,986
down €73,986 (-68.6%), from €107,821 to €33,835
of which Land and buildings: -€59,267
- Reserves +€189,565
new in 2025: €189,565
- Profit (loss) carried forward +€187,619
no longer reported in 2025 (was -€187,619)
- Current portion of long-term debt -€27,222
down €27,222 (-58.3%), from €46,667 to €19,444
- Other debts -€20,431
down €20,431 (-23.0%), from €88,675 to €68,245
- Debts after one year -€19,444
no longer reported in 2025 (was €19,444)
- Gross operating margin +€484,026
up €484,026 (+512%), from €94,527 to €578,553
- Taxes +€110,906
up €110,906 (+109,235%), from €102 to €111,007
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 | €144,694 | €462,968 | +€318,273 | +220% |
| Fixed assets | 21/28 | €107,821 | €33,835 | -€73,986 | -68.6% |
| Tangible fixed assets | 22/27 | €107,821 | €33,835 | -€73,986 | -68.6% |
| Land and buildings | 22 | €83,574 | €24,307 | -€59,267 | -70.9% |
| Plant, machinery and equipment | 23 | - | €5,920 | +€5,920 | |
| Furniture and vehicles | 24 | €17,890 | €2,930 | -€14,959 | -83.6% |
| Other tangible fixed assets | 26 | €6,358 | €677 | -€5,681 | -89.4% |
| Current assets | 29/58 | €36,873 | €429,133 | +€392,259 | +1,064% |
| Amounts receivable within one year | 40/41 | €8,063 | €254,919 | +€246,856 | +3,061% |
| Trade receivables | 40 | €8,063 | €254,919 | +€246,856 | +3,061% |
| Cash at bank and in hand | 54/58 | €25,666 | €170,903 | +€145,237 | +566% |
| Deferred charges and accrued income | 490/1 | €3,144 | €3,311 | +€167 | +5.3% |
| Total equity and liabilities | 10/49 | €144,694 | €462,968 | +€318,273 | +220% |
| Equity | 10/15 | -€12,619 | €364,565 | +€377,185 | |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | - | €189,565 | +€189,565 | |
| Distributable reserves | 133 | - | €189,565 | +€189,565 | |
| Profit (loss) carried forward | 14 | -€187,619 | - | +€187,619 | |
| Amounts payable | 17/49 | €157,314 | €98,402 | -€58,912 | -37.4% |
| Amounts payable after more than one year | 17 | €19,444 | - | -€19,444 | |
| Financial debts | 170/4 | €19,444 | - | -€19,444 | |
| Amounts payable within one year | 42/48 | €135,444 | €96,335 | -€39,109 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €46,667 | €19,444 | -€27,222 | -58.3% |
| Trade debts | 44 | - | €139 | +€139 | |
| Suppliers | 440/4 | - | €139 | +€139 | |
| Taxes, remuneration and social security | 45 | €102 | €8,507 | +€8,406 | +8,279% |
| Taxes | 450/3 | €102 | €8,507 | +€8,406 | +8,279% |
| Other amounts payable | 47/48 | €88,675 | €68,245 | -€20,431 | -23.0% |
| Accrued charges and deferred income | 492/3 | €2,426 | €2,067 | -€359 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,732 | €83,132 | -€2,600 | -3.0% |
| Other operating charges | 640/8 | €4,617 | €4,761 | +€144 | +3.1% |
| Gross operating margin | 9900 | €94,527 | €578,553 | +€484,026 | +512% |
| Operating profit (loss) | 9901 | €4,178 | €490,660 | +€486,482 | +11,643% |
| Financial charges | 65/66B | €4,877 | €2,468 | -€2,409 | -49.4% |
| Recurring financial charges | 65 | €4,877 | €2,468 | -€2,409 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | -€699 | €488,192 | +€488,891 | |
| Income taxes | 67/77 | €102 | €111,007 | +€110,906 | +109,235% |
| Profit (loss) for the period | 9904 | -€801 | €377,185 | +€377,985 | |
| Profit (loss) for the period to be appropriated | 9905 | -€801 | €377,185 | +€377,985 |
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 31 October 2026 via checked.be.