HDA Farm: 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.
HDA Farm
Largest movements
- Cash +€21,810
up €21,810 (+289.6%), from €7,532 to €29,342
mainly Net result for the year (+€31,813) and Receivables within one year (+€13,617)
- Receivables within one year -€13,617
down €13,617 (-47.1%), from €28,900 to €15,283
of which Trade receivables: -€13,266
- Tangible fixed assets +€8,664
up €8,664 (+769.8%), from €1,126 to €9,789
of which Furniture and vehicles: +€7,361
- Profit (loss) carried forward +€31,813
up €31,813 (+64.1%), from -€49,656 to -€17,843
- Other debts -€11,744
down €11,744 (-22.8%), from €51,430 to €39,686
- Tax, wage and social debts -€2,544
down €2,544 (-70.0%), from €3,633 to €1,089
- Trade debts -€589
down €589 (-4.4%), from €13,488 to €12,899
- Gross operating margin +€24,159
up €24,159 (+240.2%), from €10,057 to €34,216
- Staff costs -€6,565
no longer reported in 2025 (was €6,565)
- Depreciation +€1,941
up €1,941 (+1437.8%), from €135 to €2,076
- Other operating charges -€1,425
down €1,425 (-90.1%), from €1,582 to €157
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.
Cash bridge derived
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 | €37,632 | €54,568 | +€16,936 | +45.0% |
| Fixed assets | 21/28 | €1,126 | €9,789 | +€8,664 | +769.8% |
| Tangible fixed assets | 22/27 | €1,126 | €9,789 | +€8,664 | +769.8% |
| Plant, machinery and equipment | 23 | - | €1,303 | +€1,303 | |
| Furniture and vehicles | 24 | €1,126 | €8,487 | +€7,361 | +654.0% |
| Current assets | 29/58 | €36,506 | €44,779 | +€8,273 | +22.7% |
| Amounts receivable within one year | 40/41 | €28,900 | €15,283 | -€13,617 | -47.1% |
| Trade receivables | 40 | €28,549 | €15,283 | -€13,266 | -46.5% |
| Other amounts receivable | 41 | €351 | - | -€351 | |
| Cash at bank and in hand | 54/58 | €7,532 | €29,342 | +€21,810 | +289.6% |
| Deferred charges and accrued income | 490/1 | €74 | €154 | +€80 | +108.7% |
| Total equity and liabilities | 10/49 | €37,632 | €54,568 | +€16,936 | +45.0% |
| Equity | 10/15 | -€30,919 | €894 | +€31,813 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | - | -€18,550 | |
| Issued capital | 100 | €18,550 | - | -€18,550 | |
| Contributions outside capital | 11 | - | €18,550 | +€18,550 | |
| Other | 1109/19 | - | €18,550 | +€18,550 | |
| Reserves | 13 | €187 | €187 | = | 0.0% |
| Non-distributable reserves | 130/1 | €187 | €187 | = | 0.0% |
| Legal reserve | 130 | €187 | €187 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,656 | -€17,843 | +€31,813 | +64.1% |
| Amounts payable | 17/49 | €68,551 | €53,674 | -€14,877 | -21.7% |
| Amounts payable within one year | 42/48 | €68,551 | €53,674 | -€14,877 | -21.7% |
| Trade debts | 44 | €13,488 | €12,899 | -€589 | -4.4% |
| Suppliers | 440/4 | €13,488 | €12,899 | -€589 | -4.4% |
| Taxes, remuneration and social security | 45 | €3,633 | €1,089 | -€2,544 | -70.0% |
| Taxes | 450/3 | €3,633 | €1,089 | -€2,544 | -70.0% |
| Other amounts payable | 47/48 | €51,430 | €39,686 | -€11,744 | -22.8% |
| Remuneration, social security and pensions | 62 | €6,565 | - | -€6,565 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135 | €2,076 | +€1,941 | +1437.8% |
| Other operating charges | 640/8 | €1,582 | €157 | -€1,425 | -90.1% |
| Gross operating margin | 9900 | €10,057 | €34,216 | +€24,159 | +240.2% |
| Operating profit (loss) | 9901 | €1,774 | €31,982 | +€30,209 | +1702.9% |
| Financial income | 75/76B | €2 | €1 | -€1 | -59.3% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -59.3% |
| Financial charges | 65/66B | €355 | €170 | -€185 | -52.1% |
| Recurring financial charges | 65 | €355 | €170 | -€185 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €1,421 | €31,813 | +€30,393 | +2139.1% |
| Profit (loss) for the period | 9904 | €1,421 | €31,813 | +€30,393 | +2139.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,421 | €31,813 | +€30,393 | +2139.1% |
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 9 October 2026 via checked.be.