D'HAEYERE: 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.
What changed
D'HAEYERE
NACE 01.130, Growing of vegetables, melons, roots and tubers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€200,581
2024 · -€136,536-€64,044
Equity
-€586,644
2024 · -€386,064-€200,581
Cash
€25,647
2024 · €21,827+€3,820
Balance sheet total
€772,844
2024 · €812,449-€39,605
Largest movements
Assets
- Stocks and contracts -€37,424
down €37,424 (-24.2%), from €154,543 to €117,119
- Receivables within one year -€26,267
down €26,267 (-10.2%), from €258,147 to €231,880
of which Trade receivables: -€26,047
- Tangible fixed assets +€15,189
up €15,189 (+4.1%), from €366,170 to €381,359
of which Plant, machinery and equipment: +€38,723
Equity and liabilities
- Profit (loss) carried forward -€200,581
down €200,581 (-35.2%), from -€569,123 to -€769,703
- Other debts +€175,308
up €175,308 (+27.3%), from €642,359 to €817,667
- Trade debts -€31,148
down €31,148 (-69.3%), from €44,978 to €13,829
- Current portion of long-term debt +€20,000
up €20,000 (+46.2%), from €43,333 to €63,333
Income statement
- Gross operating margin -€76,833
down €76,833 (-208%), from -€36,858 to -€113,691
- Depreciation +€8,838
up €8,838 (+14.2%), from €62,273 to €71,111
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.
Result 2024
-€136,536
Gross operating margin
-€76,833
Depreciation
-€8,838
Other operating charges
+€29
Other operating items
+€21,368
Financial income
-€85
Financial charges
+€304
Taxes
+€10
Result 2025
-€200,581
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€72,653
Investment
-€85,500
Financing
+€16,667
Cash 2024
€21,827
From operations (derived)
+€72,653
Net result for the year
-€200,581
Depreciation
+€71,111
Stocks and contracts
+€37,424
Receivables within one year
+€26,267
Deferred charges and accrued income
-€5,877
Trade debts
-€31,148
Smaller working-capital items
+€149
Other debts
+€175,308
Investment (derived)
-€85,500
Investment in fixed assets (net)
-€85,500
Financing
+€16,667
Debts after one year
-€3,333
Current portion of long-term debt
+€20,000
Cash 2025
€25,647
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €812,449 | €772,844 | -€39,605 | -4.9% |
| Fixed assets | 21/28 | €371,088 | €385,477 | +€14,389 | +3.9% |
| Intangible fixed assets | 21 | €1,030 | €230 | -€800 | -77.7% |
| Tangible fixed assets | 22/27 | €366,170 | €381,359 | +€15,189 | +4.1% |
| Land and buildings | 22 | €268,262 | €245,127 | -€23,135 | -8.6% |
| Plant, machinery and equipment | 23 | €90,567 | €129,290 | +€38,723 | +42.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €7,341 | €6,942 | -€399 | -5.4% |
| Financial fixed assets | 28 | €3,889 | €3,889 | = | 0.0% |
| Current assets | 29/58 | €441,361 | €387,367 | -€53,994 | -12.2% |
| Stocks and contracts in progress | 3 | €154,543 | €117,119 | -€37,424 | -24.2% |
| Stocks | 30/36 | €154,543 | €117,119 | -€37,424 | -24.2% |
| Amounts receivable within one year | 40/41 | €258,147 | €231,880 | -€26,267 | -10.2% |
| Trade receivables | 40 | €254,038 | €227,991 | -€26,047 | -10.3% |
| Other amounts receivable | 41 | €4,109 | €3,889 | -€220 | -5.4% |
| Cash at bank and in hand | 54/58 | €21,827 | €25,647 | +€3,820 | +17.5% |
| Deferred charges and accrued income | 490/1 | €6,844 | €12,721 | +€5,877 | +85.9% |
| Total equity and liabilities | 10/49 | €812,449 | €772,844 | -€39,605 | -4.9% |
| Equity | 10/15 | -€386,064 | -€586,644 | -€200,581 | -52.0% |
| Contributions | 10/11 | €183,059 | €183,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€569,123 | -€769,703 | -€200,581 | -35.2% |
| Investment grants | 15 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,198,513 | €1,359,488 | +€160,975 | +13.4% |
| Amounts payable after more than one year | 17 | €463,333 | €460,000 | -€3,333 | -0.7% |
| Financial debts | 170/4 | €253,333 | €250,000 | -€3,333 | -1.3% |
| Other amounts payable | 178/9 | €210,000 | €210,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €733,226 | €897,797 | +€164,571 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €43,333 | €63,333 | +€20,000 | +46.2% |
| Trade debts | 44 | €44,978 | €13,829 | -€31,148 | -69.3% |
| Suppliers | 440/4 | €44,978 | €13,829 | -€31,148 | -69.3% |
| Taxes, remuneration and social security | 45 | €2,556 | €2,968 | +€412 | +16.1% |
| Taxes | 450/3 | €2,556 | €2,968 | +€412 | +16.1% |
| Other amounts payable | 47/48 | €642,359 | €817,667 | +€175,308 | +27.3% |
| Accrued charges and deferred income | 492/3 | €1,953 | €1,691 | -€263 | -13.4% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,273 | €71,111 | +€8,838 | +14.2% |
| Other operating charges | 640/8 | €9,415 | €9,386 | -€29 | -0.3% |
| Non-recurring operating charges | 66A | €21,368 | - | -€21,368 | |
| Gross operating margin | 9900 | -€36,858 | -€113,691 | -€76,833 | -208% |
| Operating profit (loss) | 9901 | -€129,914 | -€194,187 | -€64,274 | -49.5% |
| Financial income | 75/76B | €124 | €39 | -€85 | -68.8% |
| Recurring financial income | 75 | €124 | €39 | -€85 | -68.8% |
| Financial charges | 65/66B | €6,280 | €5,976 | -€304 | -4.8% |
| Recurring financial charges | 65 | €6,280 | €5,976 | -€304 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€136,069 | -€200,124 | -€64,055 | -47.1% |
| Income taxes | 67/77 | €467 | €457 | -€10 | -2.2% |
| Profit (loss) for the period | 9904 | -€136,536 | -€200,581 | -€64,044 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€136,536 | -€200,581 | -€64,044 | -46.9% |
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 23 October 2026 via checked.be.