BOERENHOF: 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.
BOERENHOF
Largest movements
- Cash -€107,966
down €107,966 (-70.7%), from €152,640 to €44,674
mainly Net result for the year (-€277,252) and Debts after one year (-€61,261)
- Tangible fixed assets -€36,696
down €36,696 (-52.2%), from €70,332 to €33,636
of which Other tangible fixed assets: -€23,537
- Stocks and contracts -€31,697
down €31,697 (-44.1%), from €71,909 to €40,211
- Receivables within one year -€18,577
down €18,577 (-18.0%), from €103,237 to €84,660
of which Trade receivables: -€33,724
- Deferred charges and accrued income -€12,893
down €12,893 (-98.3%), from €13,114 to €222
- Profit (loss) carried forward -€277,252
down €277,252 (-362%), from -€76,490 to -€353,742
- Tax, wage and social debts +€145,632
up €145,632 (+113%), from €128,696 to €274,328
of which Remuneration and social security: +€123,224
- Debts after one year -€61,261
down €61,261 (-26.8%), from €228,523 to €167,262
of which Other amounts payable: -€50,401
- Trade debts -€25,535
down €25,535 (-13.2%), from €193,849 to €168,314
- Staff costs +€313,199
up €313,199 (+67.9%), from €461,506 to €774,705
- Gross operating margin +€135,503
up €135,503 (+29.4%), from €460,485 to €595,988
- Other operating charges +€43,902
up €43,902 (+203%), from €21,580 to €65,482
- Financial charges +€13,461
up €13,461 (+394%), from €3,415 to €16,877
- Depreciation +€12,628
up €12,628 (+138%), from €9,175 to €21,803
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 | €617,392 | €399,623 | -€217,769 | -35.3% |
| Fixed assets | 21/28 | €166,493 | €119,857 | -€46,636 | -28.0% |
| Intangible fixed assets | 21 | €95,753 | €85,996 | -€9,757 | -10.2% |
| Tangible fixed assets | 22/27 | €70,332 | €33,636 | -€36,696 | -52.2% |
| Plant, machinery and equipment | 23 | €30,315 | €19,199 | -€11,116 | -36.7% |
| Furniture and vehicles | 24 | €16,480 | €14,437 | -€2,043 | -12.4% |
| Other tangible fixed assets | 26 | €23,537 | €0 | -€23,537 | -100% |
| Financial fixed assets | 28 | €408 | €225 | -€183 | -44.9% |
| Current assets | 29/58 | €450,899 | €279,766 | -€171,133 | -38.0% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Other amounts receivable | 291 | €110,000 | €110,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €71,909 | €40,211 | -€31,697 | -44.1% |
| Stocks | 30/36 | €71,909 | €40,211 | -€31,697 | -44.1% |
| Amounts receivable within one year | 40/41 | €103,237 | €84,660 | -€18,577 | -18.0% |
| Trade receivables | 40 | €48,823 | €15,099 | -€33,724 | -69.1% |
| Other amounts receivable | 41 | €54,413 | €69,561 | +€15,148 | +27.8% |
| Cash at bank and in hand | 54/58 | €152,640 | €44,674 | -€107,966 | -70.7% |
| Deferred charges and accrued income | 490/1 | €13,114 | €222 | -€12,893 | -98.3% |
| Total equity and liabilities | 10/49 | €617,392 | €399,623 | -€217,769 | -35.3% |
| Equity | 10/15 | €47,113 | -€230,139 | -€277,252 | |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €5,003 | €5,003 | = | 0.0% |
| Distributable reserves | 133 | €5,003 | €5,003 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,490 | -€353,742 | -€277,252 | -362% |
| Amounts payable | 17/49 | €570,279 | €629,763 | +€59,484 | +10.4% |
| Amounts payable after more than one year | 17 | €228,523 | €167,262 | -€61,261 | -26.8% |
| Financial debts | 170/4 | €139,240 | €128,380 | -€10,860 | -7.8% |
| Other amounts payable | 178/9 | €89,283 | €38,882 | -€50,401 | -56.5% |
| Amounts payable within one year | 42/48 | €341,756 | €462,500 | +€120,745 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €19,211 | €19,858 | +€647 | +3.4% |
| Trade debts | 44 | €193,849 | €168,314 | -€25,535 | -13.2% |
| Suppliers | 440/4 | €193,849 | €168,314 | -€25,535 | -13.2% |
| Taxes, remuneration and social security | 45 | €128,696 | €274,328 | +€145,632 | +113% |
| Taxes | 450/3 | €22,626 | €45,034 | +€22,408 | +99.0% |
| Remuneration and social security | 454/9 | €106,069 | €229,294 | +€123,224 | +116% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €16,699 | +€16,699 | |
| Remuneration, social security and pensions | 62 | €461,506 | €774,705 | +€313,199 | +67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,175 | €21,803 | +€12,628 | +138% |
| Other operating charges | 640/8 | €21,580 | €65,482 | +€43,902 | +203% |
| Gross operating margin | 9900 | €460,485 | €595,988 | +€135,503 | +29.4% |
| Operating profit (loss) | 9901 | -€31,776 | -€266,003 | -€234,226 | -737% |
| Financial income | 75/76B | €5,014 | €6,173 | +€1,160 | +23.1% |
| Recurring financial income | 75 | €5,014 | €6,173 | +€1,160 | +23.1% |
| Financial charges | 65/66B | €3,415 | €16,877 | +€13,461 | +394% |
| Recurring financial charges | 65 | €3,415 | €16,877 | +€13,461 | +394% |
| Profit (loss) for the period before taxes | 9903 | -€30,178 | -€276,706 | -€246,528 | -817% |
| Income taxes | 67/77 | €375 | €546 | +€172 | +45.8% |
| Profit (loss) for the period | 9904 | -€30,553 | -€277,252 | -€246,699 | -807% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,553 | -€277,252 | -€246,699 | -807% |
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 25 October 2026 via checked.be.