GOLDEN HARVEST: what changed
What changed
GOLDEN HARVEST
filed annual accounts (NBB)
Net result for the year
€192,086
2024 · €589,621-€397,535
Equity
€1.8m
2024 · €1.6m+€192,086
Cash
€388,468
2024 · €308,870+€79,597
Balance sheet total
€3.6m
2024 · €2.8m+€842,234
Largest movements
Assets
- Tangible fixed assets +€492,056
up €492,056 (+24.1%), from €2.0m to €2.5m
of which Land and buildings: +€482,591
- Current investments +€150,000
up €150,000 (+140%), from €107,303 to €257,303
- Receivables within one year +€129,896
up €129,896 (+41.1%), from €316,312 to €446,207
of which Other amounts receivable: +€88,711
- Cash +€79,597
up €79,597 (+25.8%), from €308,870 to €388,468
mainly Debts after one year (+€428,883) and Net result for the year (+€192,086)
Equity and liabilities
- Debts after one year +€428,883
up €428,883 (+58.0%), from €739,250 to €1.2m
of which Financial debts: +€428,458
- Reserves +€192,086
up €192,086 (+20.3%), from €947,967 to €1.1m
of which Tax-exempt reserves: +€169,278
- Accrued charges and deferred income +€154,100
new in 2025: €154,100
- Other debts -€132,908
no longer reported in 2025 (was €132,908)
- Trade debts +€110,723
up €110,723 (+674%), from €16,418 to €127,140
Income statement
- Gross operating margin -€579,335
down €579,335 (-56.7%), from €1.0m to €442,407
- Purchases and services +€105,810
new in 2025: €105,810
- Financial charges -€37,487
down €37,487 (-43.5%), from €86,238 to €48,750
- Other operating charges -€20,055
down €20,055 (-42.0%), from €47,787 to €27,731
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
€589,621
Gross operating margin
-€579,335
Depreciation
-€8,870
Other operating charges
+€20,055
Financial income
+€2,693
Financial charges
+€37,487
Taxes
+€7,281
Deferred taxes and other
+€123,154
Result 2025
€192,086
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
+€360,832
Investment
-€751,694
Financing
+€470,459
Cash 2024
€308,870
From operations (derived)
+€360,832
Net result for the year
+€192,086
Depreciation
+€109,613
Receivables within one year
-€129,896
Deferred charges and accrued income
+€9,340
Provisions
+€55,357
Trade debts
+€110,723
Tax, wage and social debts
-€7,583
Other debts
-€132,908
Accrued charges and deferred income
+€154,100
Investment (derived)
-€751,694
Investment in fixed assets (net)
-€601,694
Current investments
-€150,000
Financing
+€470,459
Debts after one year
+€428,883
Current portion of long-term debt
+€43,052
Short-term financial debts
-€1,475
Cash 2025
€388,468
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,793,879 | €3,636,113 | +€842,234 | +30.1% |
| Fixed assets | 21/28 | €2,045,694 | €2,537,775 | +€492,081 | +24.1% |
| Tangible fixed assets | 22/27 | €2,045,620 | €2,537,675 | +€492,056 | +24.1% |
| Land and buildings | 22 | €1,706,822 | €2,189,412 | +€482,591 | +28.3% |
| Furniture and vehicles | 24 | €11,706 | €19,080 | +€7,375 | +63.0% |
| Other tangible fixed assets | 26 | €327,092 | €329,183 | +€2,091 | +0.6% |
| Financial fixed assets | 28 | €75 | €100 | +€25 | +33.4% |
| Current assets | 29/58 | €748,184 | €1,098,338 | +€350,153 | +46.8% |
| Amounts receivable within one year | 40/41 | €316,312 | €446,207 | +€129,896 | +41.1% |
| Trade receivables | 40 | €228,064 | €269,249 | +€41,184 | +18.1% |
| Other amounts receivable | 41 | €88,247 | €176,959 | +€88,711 | +101% |
| Current investments | 50/53 | €107,303 | €257,303 | +€150,000 | +140% |
| Cash at bank and in hand | 54/58 | €308,870 | €388,468 | +€79,597 | +25.8% |
| Deferred charges and accrued income | 490/1 | €15,700 | €6,360 | -€9,340 | -59.5% |
| Total equity and liabilities | 10/49 | €2,793,879 | €3,636,113 | +€842,234 | +30.1% |
| Equity | 10/15 | €1,558,035 | €1,750,121 | +€192,086 | +12.3% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Capital | 10 | €165,000 | €165,000 | = | 0.0% |
| Issued capital | 100 | €165,000 | €165,000 | = | 0.0% |
| Revaluation surpluses | 12 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €947,967 | €1,140,053 | +€192,086 | +20.3% |
| Non-distributable reserves | 130/1 | €2,629 | €2,629 | = | 0.0% |
| Legal reserve | 130 | €2,629 | €2,629 | = | 0.0% |
| Tax-exempt reserves | 132 | €894,456 | €1,063,734 | +€169,278 | +18.9% |
| Distributable reserves | 133 | €50,882 | €73,690 | +€22,809 | +44.8% |
| Profit (loss) carried forward | 14 | -€54,932 | -€54,932 | = | 0.0% |
| Provisions and deferred taxes | 16 | €295,799 | €351,156 | +€55,357 | +18.7% |
| Deferred taxes | 168 | €295,799 | €351,156 | +€55,357 | +18.7% |
| Amounts payable | 17/49 | €940,045 | €1,534,836 | +€594,791 | +63.3% |
| Amounts payable after more than one year | 17 | €739,250 | €1,168,133 | +€428,883 | +58.0% |
| Financial debts | 170/4 | €718,649 | €1,147,107 | +€428,458 | +59.6% |
| Advances received on contracts in progress | 176 | €20,601 | €21,026 | +€425 | +2.1% |
| Amounts payable within one year | 42/48 | €200,795 | €212,603 | +€11,808 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €27,306 | €70,358 | +€43,052 | +158% |
| Financial debts | 43 | €1,475 | - | -€1,475 | |
| Credit institutions | 430/8 | €1,475 | - | -€1,475 | |
| Trade debts | 44 | €16,418 | €127,140 | +€110,723 | +674% |
| Suppliers | 440/4 | €16,418 | €127,140 | +€110,723 | +674% |
| Taxes, remuneration and social security | 45 | €22,689 | €15,105 | -€7,583 | -33.4% |
| Taxes | 450/3 | €22,689 | €15,105 | -€7,583 | -33.4% |
| Other amounts payable | 47/48 | €132,908 | - | -€132,908 | |
| Accrued charges and deferred income | 492/3 | - | €154,100 | +€154,100 | |
| Non-recurring operating income | 76A | €844,166 | €243,893 | -€600,274 | -71.1% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €105,810 | +€105,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,743 | €109,613 | +€8,870 | +8.8% |
| Other operating charges | 640/8 | €47,787 | €27,731 | -€20,055 | -42.0% |
| Gross operating margin | 9900 | €1,021,742 | €442,407 | -€579,335 | -56.7% |
| Operating profit (loss) | 9901 | €873,212 | €305,063 | -€568,150 | -65.1% |
| Financial income | 75/76B | €598 | €3,291 | +€2,693 | +450% |
| Recurring financial income | 75 | €598 | €3,291 | +€2,693 | +450% |
| Financial charges | 65/66B | €86,238 | €48,750 | -€37,487 | -43.5% |
| Recurring financial charges | 65 | €86,238 | €48,750 | -€37,487 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €787,573 | €259,604 | -€527,969 | -67.0% |
| Transfer from deferred taxes | 780 | €3,768 | €5,616 | +€1,848 | +49.0% |
| Transfer to deferred taxes | 680 | €182,279 | €60,973 | -€121,306 | -66.5% |
| Income taxes | 67/77 | €19,441 | €12,160 | -€7,281 | -37.5% |
| Profit (loss) for the period | 9904 | €589,621 | €192,086 | -€397,535 | -67.4% |
| Transfer from tax-exempt reserves | 789 | €8,099 | €13,642 | +€5,543 | +68.4% |
| Transfer to tax-exempt reserves | 689 | €546,838 | €182,920 | -€363,919 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,882 | €22,809 | -€28,073 | -55.2% |
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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 4 November 2026 via checked.be.