V. Hoffmann: what changed
Two fiscal 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.
V. Hoffmann
Largest movements
- Cash -€41,219
down €41,219 (-18.3%), from €225,548 to €184,329
mainly Receivables within one year (-€21,805) and Deferred charges and accrued income (-€20,645)
- Receivables within one year +€21,805
up €21,805 (+5.2%), from €419,701 to €441,507
of which Other amounts receivable: +€15,605
- Deferred charges and accrued income +€20,645
up €20,645 (+262.5%), from €7,864 to €28,509
- Current investments +€9,782
new in 2024: €9,782
- Reserves +€17,789
up €17,789 (+2.9%), from €611,109 to €628,898
- Tax, wage and social debts -€6,775
down €6,775 (-38.3%), from €17,706 to €10,931
- Financial income -€85,737
down €85,737 (-76.4%), from €112,210 to €26,473
- Taxes -€7,373
down €7,373 (-80.6%), from €9,152 to €1,779
- Gross operating margin +€5,701
up €5,701 (+51.3%), from -€11,123 to -€5,422
- Other operating charges +€848
up €848 (+226.7%), from €374 to €1,221
- Financial charges +€222
up €222 (+569.6%), from €39 to €261
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €653,115 | €664,129 | +€11,015 | +1.7% |
| Fixed assets | 21/28 | €1 | €1 | = | 0.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €653,114 | €664,128 | +€11,015 | +1.7% |
| Amounts receivable within one year | 40/41 | €419,701 | €441,507 | +€21,805 | +5.2% |
| Trade receivables | 40 | - | €6,200 | +€6,200 | |
| Other amounts receivable | 41 | €419,701 | €435,307 | +€15,605 | +3.7% |
| Current investments | 50/53 | - | €9,782 | +€9,782 | |
| Cash at bank and in hand | 54/58 | €225,548 | €184,329 | -€41,219 | -18.3% |
| Deferred charges and accrued income | 490/1 | €7,864 | €28,509 | +€20,645 | +262.5% |
| Total equity and liabilities | 10/49 | €653,115 | €664,129 | +€11,015 | +1.7% |
| Equity | 10/15 | €629,659 | €647,448 | +€17,789 | +2.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €611,109 | €628,898 | +€17,789 | +2.9% |
| Distributable reserves | 133 | €611,109 | €628,898 | +€17,789 | +2.9% |
| Amounts payable | 17/49 | €23,456 | €16,681 | -€6,775 | -28.9% |
| Amounts payable within one year | 42/48 | €20,706 | €13,931 | -€6,775 | -32.7% |
| Taxes, remuneration and social security | 45 | €17,706 | €10,931 | -€6,775 | -38.3% |
| Taxes | 450/3 | €17,706 | €10,931 | -€6,775 | -38.3% |
| Other amounts payable | 47/48 | €3,000 | €3,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,750 | €2,750 | = | 0.0% |
| Other operating charges | 640/8 | €374 | €1,221 | +€848 | +226.7% |
| Gross operating margin | 9900 | -€11,123 | -€5,422 | +€5,701 | +51.3% |
| Operating profit (loss) | 9901 | -€11,497 | -€6,643 | +€4,853 | +42.2% |
| Financial income | 75/76B | €112,210 | €26,473 | -€85,737 | -76.4% |
| Recurring financial income | 75 | €112,210 | €26,473 | -€85,737 | -76.4% |
| Financial charges | 65/66B | €39 | €261 | +€222 | +569.6% |
| Recurring financial charges | 65 | €39 | €261 | +€222 | +569.6% |
| Profit (loss) for the period before taxes | 9903 | €100,675 | €19,568 | -€81,106 | -80.6% |
| Income taxes | 67/77 | €9,152 | €1,779 | -€7,373 | -80.6% |
| Profit (loss) for the period | 9904 | €91,522 | €17,789 | -€73,733 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,522 | €17,789 | -€73,733 | -80.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.