Gebr. HAESENDONCK: what changed
What changed
Gebr. HAESENDONCK
NACE 01.500, Mixed farming
filed annual accounts (NBB)
Net result for the year
-€21,869
2024 · €26,844-€48,713
Equity
€1.3m
2024 · €1.3m-€21,869
Cash
€56,392
2024 · €204,340-€147,947
Balance sheet total
€2.0m
2024 · €2.0m+€35,119
Largest movements
Assets
- Receivables within one year +€265,436
up €265,436 (+495%), from €53,630 to €319,066
of which Trade receivables: +€264,141
- Cash -€147,947
down €147,947 (-72.4%), from €204,340 to €56,392
mainly Receivables within one year (-€265,436) and Debts after one year (-€23,402)
- Tangible fixed assets -€80,008
down €80,008 (-4.9%), from €1.6m to €1.6m
of which Land and buildings: -€63,689
Equity and liabilities
- Trade debts +€98,415
up €98,415 (+137%), from €72,066 to €170,481
- Debts after one year -€23,402
down €23,402 (-11.2%), from €208,109 to €184,708
- Reserves -€21,869
down €21,869 (-1.8%), from €1.2m to €1.2m
of which Tax-exempt reserves: -€36,943
Income statement
- Gross operating margin -€39,232
down €39,232 (-33.7%), from €116,331 to €77,099
- Depreciation +€35,103
up €35,103 (+69.9%), from €50,200 to €85,303
- Taxes -€11,336
down €11,336 (-56.4%), from €20,114 to €8,778
- Other operating charges -€4,332
down €4,332 (-51.4%), from €8,433 to €4,101
- Financial charges -€3,330
down €3,330 (-20.3%), from €16,430 to €13,101
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€26,844
Gross operating margin
-€39,232
Depreciation
-€35,103
Other operating charges
+€4,332
Financial income
-€0
Financial charges
+€3,330
Taxes
+€11,336
Deferred taxes and other
+€6,625
Result 2025
-€21,869
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€102,236
Investment
-€5,295
Financing
-€40,416
Cash 2024
€204,340
From operations (derived)
-€102,236
Net result for the year
-€21,869
Depreciation
+€85,303
Receivables within one year
-€265,436
Deferred charges and accrued income
+€2,363
Provisions
-€12,314
Trade debts
+€98,415
Tax, wage and social debts
+€8,778
Advances received
-€120
Accrued charges and deferred income
+€2,645
Investment (derived)
-€5,295
Investment in fixed assets (net)
-€5,295
Financing
-€40,416
Debts after one year
-€23,402
Current portion of long-term debt
-€17,014
Cash 2025
€56,392
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,959,261 | €1,994,379 | +€35,119 | +1.8% |
| Fixed assets | 21/28 | €1,647,736 | €1,567,728 | -€80,008 | -4.9% |
| Tangible fixed assets | 22/27 | €1,647,736 | €1,567,728 | -€80,008 | -4.9% |
| Land and buildings | 22 | €1,603,829 | €1,540,141 | -€63,689 | -4.0% |
| Plant, machinery and equipment | 23 | €5,199 | €7,998 | +€2,799 | +53.8% |
| Furniture and vehicles | 24 | €38,707 | €19,589 | -€19,118 | -49.4% |
| Current assets | 29/58 | €311,525 | €426,651 | +€115,126 | +37.0% |
| Amounts receivable within one year | 40/41 | €53,630 | €319,066 | +€265,436 | +495% |
| Trade receivables | 40 | €50,372 | €314,513 | +€264,141 | +524% |
| Other amounts receivable | 41 | €3,258 | €4,553 | +€1,295 | +39.7% |
| Cash at bank and in hand | 54/58 | €204,340 | €56,392 | -€147,947 | -72.4% |
| Deferred charges and accrued income | 490/1 | €53,555 | €51,192 | -€2,363 | -4.4% |
| Total equity and liabilities | 10/49 | €1,959,261 | €1,994,379 | +€35,119 | +1.8% |
| Equity | 10/15 | €1,289,794 | €1,267,925 | -€21,869 | -1.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,227,820 | €1,205,952 | -€21,869 | -1.8% |
| Non-distributable reserves | 130/1 | €6,299 | €6,299 | = | 0.0% |
| Legal reserve | 130 | €6,299 | €6,299 | = | 0.0% |
| Tax-exempt reserves | 132 | €713,618 | €676,675 | -€36,943 | -5.2% |
| Distributable reserves | 133 | €507,904 | €522,978 | +€15,074 | +3.0% |
| Provisions and deferred taxes | 16 | €226,881 | €214,567 | -€12,314 | -5.4% |
| Deferred taxes | 168 | €226,881 | €214,567 | -€12,314 | -5.4% |
| Amounts payable | 17/49 | €442,586 | €511,888 | +€69,302 | +15.7% |
| Amounts payable after more than one year | 17 | €208,109 | €184,708 | -€23,402 | -11.2% |
| Financial debts | 170/4 | €208,109 | €184,708 | -€23,402 | -11.2% |
| Amounts payable within one year | 42/48 | €234,477 | €324,535 | +€90,058 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €140,416 | €123,402 | -€17,014 | -12.1% |
| Trade debts | 44 | €72,066 | €170,481 | +€98,415 | +137% |
| Suppliers | 440/4 | €72,066 | €170,481 | +€98,415 | +137% |
| Advances received on contracts in progress | 46 | €120 | - | -€120 | |
| Taxes, remuneration and social security | 45 | €21,874 | €30,652 | +€8,778 | +40.1% |
| Taxes | 450/3 | €20,174 | €28,952 | +€8,778 | +43.5% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,645 | +€2,645 | |
| Non-recurring operating income | 76A | €98,802 | €3,500 | -€95,302 | -96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,200 | €85,303 | +€35,103 | +69.9% |
| Other operating charges | 640/8 | €8,433 | €4,101 | -€4,332 | -51.4% |
| Gross operating margin | 9900 | €116,331 | €77,099 | -€39,232 | -33.7% |
| Operating profit (loss) | 9901 | €57,698 | -€12,305 | -€70,003 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -42.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -42.9% |
| Financial charges | 65/66B | €16,430 | €13,101 | -€3,330 | -20.3% |
| Recurring financial charges | 65 | €16,430 | €13,101 | -€3,330 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €41,268 | -€25,405 | -€66,673 | |
| Transfer from deferred taxes | 780 | €5,690 | €12,314 | +€6,625 | +116% |
| Income taxes | 67/77 | €20,114 | €8,778 | -€11,336 | -56.4% |
| Profit (loss) for the period | 9904 | €26,844 | -€21,869 | -€48,713 | |
| Transfer from tax-exempt reserves | 789 | €17,069 | €36,943 | +€19,874 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €43,913 | €15,074 | -€28,839 | -65.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.