AARDBEIHOFKE: 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.
AARDBEIHOFKE
Largest movements
- Tangible fixed assets +€556,151
up €556,151 (+84.3%), from €659,434 to €1.2m
of which Land and buildings: +€341,310
- Stocks and contracts +€81,991
up €81,991 (+37.7%), from €217,518 to €299,509
- Cash -€20,904
down €20,904 (-7.7%), from €269,996 to €249,092
mainly Investment in fixed assets (net) (-€682,686) and Stocks and contracts (-€81,991)
- Receivables within one year +€20,184
up €20,184 (+31.2%), from €64,770 to €84,954
of which Other amounts receivable: +€11,124
- Debts after one year +€430,725
up €430,725 (+93.5%), from €460,875 to €891,600
- Current portion of long-term debt +€86,125
up €86,125 (+160%), from €53,775 to €139,900
- Trade debts +€44,966
up €44,966 (+130%), from €34,527 to €79,492
- Reserves +€41,321
up €41,321 (+25.5%), from €162,062 to €203,383
- Accrued charges and deferred income +€37,046
up €37,046 (+807%), from €4,589 to €41,635
- Gross operating margin +€155,745
up €155,745 (+43.7%), from €356,011 to €511,756
- Staff costs +€133,990
up €133,990 (+77.1%), from €173,797 to €307,786
- Financial charges +€19,545
up €19,545 (+111%), from €17,646 to €37,191
- Depreciation +€18,677
up €18,677 (+17.3%), from €107,858 to €126,534
- Taxes -€10,784
down €10,784 (-70.8%), from €15,227 to €4,443
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 | €1,224,290 | €1,873,839 | +€649,549 | +53.1% |
| Fixed assets | 21/28 | €659,944 | €1,216,095 | +€556,151 | +84.3% |
| Tangible fixed assets | 22/27 | €659,434 | €1,215,585 | +€556,151 | +84.3% |
| Land and buildings | 22 | €432,645 | €773,955 | +€341,310 | +78.9% |
| Plant, machinery and equipment | 23 | €222,295 | €440,367 | +€218,072 | +98.1% |
| Furniture and vehicles | 24 | €4,494 | €1,263 | -€3,231 | -71.9% |
| Financial fixed assets | 28 | €510 | €510 | = | 0.0% |
| Current assets | 29/58 | €564,347 | €657,744 | +€93,398 | +16.5% |
| Stocks and contracts in progress | 3 | €217,518 | €299,509 | +€81,991 | +37.7% |
| Stocks | 30/36 | €217,518 | €299,509 | +€81,991 | +37.7% |
| Amounts receivable within one year | 40/41 | €64,770 | €84,954 | +€20,184 | +31.2% |
| Trade receivables | 40 | €55,483 | €64,543 | +€9,060 | +16.3% |
| Other amounts receivable | 41 | €9,287 | €20,412 | +€11,124 | +120% |
| Cash at bank and in hand | 54/58 | €269,996 | €249,092 | -€20,904 | -7.7% |
| Deferred charges and accrued income | 490/1 | €12,062 | €24,189 | +€12,127 | +101% |
| Total equity and liabilities | 10/49 | €1,224,290 | €1,873,839 | +€649,549 | +53.1% |
| Equity | 10/15 | €601,384 | €639,285 | +€37,901 | +6.3% |
| Contributions | 10/11 | €431,092 | €431,092 | = | 0.0% |
| Reserves | 13 | €162,062 | €203,383 | +€41,321 | +25.5% |
| Distributable reserves | 133 | €162,062 | €203,383 | +€41,321 | +25.5% |
| Investment grants | 15 | €8,230 | €4,810 | -€3,420 | -41.6% |
| Provisions and deferred taxes | 16 | €433 | €253 | -€180 | -41.6% |
| Deferred taxes | 168 | €433 | €253 | -€180 | -41.6% |
| Amounts payable | 17/49 | €622,473 | €1,234,300 | +€611,827 | +98.3% |
| Amounts payable after more than one year | 17 | €460,875 | €891,600 | +€430,725 | +93.5% |
| Financial debts | 170/4 | €460,875 | €891,600 | +€430,725 | +93.5% |
| Amounts payable within one year | 42/48 | €157,009 | €301,066 | +€144,056 | +91.8% |
| Current portion of amounts payable after more than one year | 42 | €53,775 | €139,900 | +€86,125 | +160% |
| Trade debts | 44 | €34,527 | €79,492 | +€44,966 | +130% |
| Suppliers | 440/4 | €34,527 | €79,492 | +€44,966 | +130% |
| Taxes, remuneration and social security | 45 | €39,120 | €53,887 | +€14,767 | +37.7% |
| Taxes | 450/3 | €23,628 | €12,721 | -€10,906 | -46.2% |
| Remuneration and social security | 454/9 | €15,493 | €41,166 | +€25,673 | +166% |
| Other amounts payable | 47/48 | €29,587 | €27,786 | -€1,802 | -6.1% |
| Accrued charges and deferred income | 492/3 | €4,589 | €41,635 | +€37,046 | +807% |
| Remuneration, social security and pensions | 62 | €173,797 | €307,786 | +€133,990 | +77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,858 | €126,534 | +€18,677 | +17.3% |
| Other operating charges | 640/8 | €17,871 | €10,575 | -€7,296 | -40.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €356,011 | €511,756 | +€155,745 | +43.7% |
| Operating profit (loss) | 9901 | €56,485 | €66,860 | +€10,375 | +18.4% |
| Financial income | 75/76B | €10,107 | €15,914 | +€5,807 | +57.5% |
| Recurring financial income | 75 | €10,107 | €15,914 | +€5,807 | +57.5% |
| Financial charges | 65/66B | €17,646 | €37,191 | +€19,545 | +111% |
| Recurring financial charges | 65 | €17,646 | €37,191 | +€19,545 | +111% |
| Profit (loss) for the period before taxes | 9903 | €48,947 | €45,584 | -€3,363 | -6.9% |
| Transfer from deferred taxes | 780 | €180 | €180 | = | 0.0% |
| Income taxes | 67/77 | €15,227 | €4,443 | -€10,784 | -70.8% |
| Profit (loss) for the period | 9904 | €33,899 | €41,321 | +€7,422 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,899 | €41,321 | +€7,422 | +21.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.