YVES HOEFS: 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.
YVES HOEFS
Largest movements
- Receivables within one year +€14,143
up €14,143 (+34.6%), from €40,864 to €55,007
of which Other amounts receivable: +€18,210
- Tangible fixed assets -€6,495
down €6,495 (-50.4%), from €12,875 to €6,380
of which Leasing and similar rights: -€5,783
- Cash -€5,621
no longer reported in 2025 (was €5,621)
mainly Receivables within one year (-€14,143) and Tax, wage and social debts (-€9,624)
- Reserves +€52,313
up €52,313 (+58.2%), from €89,918 to €142,231
- Profit (loss) carried forward -€34,226
no longer reported in 2025 (was €34,226)
- Tax, wage and social debts -€9,624
down €9,624 (-47.1%), from €20,423 to €10,799
- Accrued charges and deferred income -€9,390
down €9,390 (-44.0%), from €21,364 to €11,974
- Current portion of long-term debt +€6,475
up €6,475 (+107%), from €6,062 to €12,537
- Gross operating margin -€20,300
down €20,300 (-35.7%), from €56,793 to €36,493
- Taxes -€5,647
down €5,647 (-43.0%), from €13,121 to €7,474
- Financial charges +€1,955
up €1,955 (+157%), from €1,242 to €3,197
- Staff costs -€792
down €792 (-96.5%), from €821 to €29
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 | €196,661 | €198,687 | +€2,026 | +1.0% |
| Fixed assets | 21/28 | €12,875 | €6,380 | -€6,495 | -50.4% |
| Tangible fixed assets | 22/27 | €12,875 | €6,380 | -€6,495 | -50.4% |
| Plant, machinery and equipment | 23 | €1,828 | €1,192 | -€637 | -34.8% |
| Leasing and similar rights | 25 | €8,889 | €3,106 | -€5,783 | -65.1% |
| Other tangible fixed assets | 26 | €2,158 | €2,083 | -€75 | -3.5% |
| Current assets | 29/58 | €183,785 | €192,307 | +€8,522 | +4.6% |
| Amounts receivable after more than one year | 29 | €135,800 | €135,800 | = | 0.0% |
| Other amounts receivable | 291 | €135,800 | €135,800 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,864 | €55,007 | +€14,143 | +34.6% |
| Trade receivables | 40 | €14,010 | €9,943 | -€4,068 | -29.0% |
| Other amounts receivable | 41 | €26,854 | €45,065 | +€18,210 | +67.8% |
| Cash at bank and in hand | 54/58 | €5,621 | - | -€5,621 | |
| Total equity and liabilities | 10/49 | €196,661 | €198,687 | +€2,026 | +1.0% |
| Equity | 10/15 | €130,342 | €148,429 | +€18,087 | +13.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €89,918 | €142,231 | +€52,313 | +58.2% |
| Distributable reserves | 133 | €89,918 | €142,231 | +€52,313 | +58.2% |
| Profit (loss) carried forward | 14 | €34,226 | - | -€34,226 | |
| Amounts payable | 17/49 | €66,319 | €50,259 | -€16,061 | -24.2% |
| Amounts payable after more than one year | 17 | €3,415 | - | -€3,415 | |
| Financial debts | 170/4 | €3,415 | - | -€3,415 | |
| Amounts payable within one year | 42/48 | €41,540 | €38,285 | -€3,255 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €6,062 | €12,537 | +€6,475 | +107% |
| Financial debts | 43 | €15,055 | €14,949 | -€107 | -0.7% |
| Credit institutions | 430/8 | €15,055 | €14,949 | -€107 | -0.7% |
| Taxes, remuneration and social security | 45 | €20,423 | €10,799 | -€9,624 | -47.1% |
| Taxes | 450/3 | €20,423 | €10,799 | -€9,624 | -47.1% |
| Accrued charges and deferred income | 492/3 | €21,364 | €11,974 | -€9,390 | -44.0% |
| Remuneration, social security and pensions | 62 | €821 | €29 | -€792 | -96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,495 | €6,495 | = | 0.0% |
| Other operating charges | 640/8 | €888 | €1,211 | +€323 | +36.3% |
| Gross operating margin | 9900 | €56,793 | €36,493 | -€20,300 | -35.7% |
| Operating profit (loss) | 9901 | €48,589 | €28,758 | -€19,831 | -40.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,242 | €3,197 | +€1,955 | +157% |
| Recurring financial charges | 65 | €1,242 | €3,197 | +€1,955 | +157% |
| Profit (loss) for the period before taxes | 9903 | €47,347 | €25,561 | -€21,786 | -46.0% |
| Income taxes | 67/77 | €13,121 | €7,474 | -€5,647 | -43.0% |
| Profit (loss) for the period | 9904 | €34,226 | €18,087 | -€16,139 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,226 | €18,087 | -€16,139 | -47.2% |
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 22 October 2026 via checked.be.