HEEREVELD HOEVE: what changed
What changed
HEEREVELD HOEVE
NACE 01.461, Pig breeding farms
filed annual accounts (NBB)
Net result for the year
€58,363
2024 · €239,987-€181,623
Equity
€574,711
2024 · €516,348+€58,363
Cash
€29,821
2024 · €128,455-€98,634
Balance sheet total
€1.4m
2024 · €1.4m-€24,775
Largest movements
Assets
- Tangible fixed assets +€152,036
up €152,036 (+22.5%), from €676,263 to €828,299
of which Plant, machinery and equipment: +€166,149
- Deferred charges and accrued income -€102,017
down €102,017 (-95.0%), from €107,399 to €5,382
- Cash -€98,634
down €98,634 (-76.8%), from €128,455 to €29,821
mainly Investment in fixed assets (net) (-€231,519) and Debts after one year (-€85,417)
Equity and liabilities
- Debts after one year -€85,417
down €85,417 (-18.5%), from €462,571 to €377,153
- Reserves +€58,363
up €58,363 (+19.6%), from €297,788 to €356,151
of which Distributable reserves: +€58,363
Income statement
- Gross operating margin -€230,028
down €230,028 (-56.7%), from €405,961 to €175,933
- Taxes -€57,899
down €57,899 (-94.8%), from €61,068 to €3,168
- Other operating charges +€9,311
up €9,311 (+280%), from €3,329 to €12,639
- Depreciation +€5,017
up €5,017 (+7.3%), from €68,353 to €73,370
- Financial charges -€4,207
down €4,207 (-13.3%), from €31,728 to €27,521
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
€239,987
Gross operating margin
-€230,028
Staff costs
+€1,655
Depreciation
-€5,017
Other operating charges
-€9,311
Other operating items
-€56
Financial income
-€973
Financial charges
+€4,207
Taxes
+€57,899
Result 2025
€58,363
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
+€218,303
Investment
-€231,519
Financing
-€85,417
Cash 2024
€128,455
From operations (derived)
+€218,303
Net result for the year
+€58,363
Depreciation
+€73,370
Stocks and contracts
-€6,497
Receivables within one year
-€11,230
Deferred charges and accrued income
+€102,017
Trade debts
+€3,493
Tax, wage and social debts
+€9,621
Other debts
-€4,447
Accrued charges and deferred income
-€6,388
Investment (derived)
-€231,519
Investment in fixed assets (net)
-€231,519
Financing
-€85,417
Debts after one year
-€85,417
Cash 2025
€29,821
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,429,348 | €1,404,573 | -€24,775 | -1.7% |
| Fixed assets | 21/28 | €696,569 | €854,719 | +€158,149 | +22.7% |
| Intangible fixed assets | 21 | €18,819 | €19,932 | +€1,113 | +5.9% |
| Tangible fixed assets | 22/27 | €676,263 | €828,299 | +€152,036 | +22.5% |
| Land and buildings | 22 | €578,514 | €565,142 | -€13,373 | -2.3% |
| Plant, machinery and equipment | 23 | €94,403 | €260,552 | +€166,149 | +176% |
| Furniture and vehicles | 24 | €3,346 | €2,605 | -€740 | -22.1% |
| Financial fixed assets | 28 | €1,487 | €6,487 | +€5,000 | +336% |
| Current assets | 29/58 | €732,778 | €549,854 | -€182,924 | -25.0% |
| Stocks and contracts in progress | 3 | €464,733 | €471,230 | +€6,497 | +1.4% |
| Stocks | 30/36 | €464,733 | €471,230 | +€6,497 | +1.4% |
| Amounts receivable within one year | 40/41 | €32,191 | €43,422 | +€11,230 | +34.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €32,191 | €43,422 | +€11,230 | +34.9% |
| Cash at bank and in hand | 54/58 | €128,455 | €29,821 | -€98,634 | -76.8% |
| Deferred charges and accrued income | 490/1 | €107,399 | €5,382 | -€102,017 | -95.0% |
| Total equity and liabilities | 10/49 | €1,429,348 | €1,404,573 | -€24,775 | -1.7% |
| Equity | 10/15 | €516,348 | €574,711 | +€58,363 | +11.3% |
| Contributions | 10/11 | €218,560 | €218,560 | = | 0.0% |
| Reserves | 13 | €297,788 | €356,151 | +€58,363 | +19.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €297,788 | €356,151 | +€58,363 | +19.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €913,000 | €829,862 | -€83,138 | -9.1% |
| Amounts payable after more than one year | 17 | €462,571 | €377,153 | -€85,417 | -18.5% |
| Financial debts | 170/4 | €462,571 | €377,153 | -€85,417 | -18.5% |
| Amounts payable within one year | 42/48 | €439,254 | €447,922 | +€8,667 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €85,417 | €85,417 | = | 0.0% |
| Financial debts | 43 | €175,000 | €175,000 | = | 0.0% |
| Credit institutions | 430/8 | €175,000 | €175,000 | = | 0.0% |
| Trade debts | 44 | €158,740 | €162,233 | +€3,493 | +2.2% |
| Suppliers | 440/4 | €158,740 | €162,233 | +€3,493 | +2.2% |
| Taxes, remuneration and social security | 45 | €15,587 | €25,208 | +€9,621 | +61.7% |
| Taxes | 450/3 | €6,687 | €10,308 | +€3,621 | +54.2% |
| Remuneration and social security | 454/9 | €8,900 | €14,900 | +€6,000 | +67.4% |
| Other amounts payable | 47/48 | €4,509 | €63 | -€4,447 | -98.6% |
| Accrued charges and deferred income | 492/3 | €11,175 | €4,787 | -€6,388 | -57.2% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €2,283 | €627 | -€1,655 | -72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,353 | €73,370 | +€5,017 | +7.3% |
| Other operating charges | 640/8 | €3,329 | €12,639 | +€9,311 | +280% |
| Non-recurring operating charges | 66A | €733 | €789 | +€56 | +7.6% |
| Gross operating margin | 9900 | €405,961 | €175,933 | -€230,028 | -56.7% |
| Operating profit (loss) | 9901 | €331,264 | €88,508 | -€242,756 | -73.3% |
| Financial income | 75/76B | €1,518 | €545 | -€973 | -64.1% |
| Recurring financial income | 75 | €1,518 | €545 | -€973 | -64.1% |
| Financial charges | 65/66B | €31,728 | €27,521 | -€4,207 | -13.3% |
| Recurring financial charges | 65 | €31,728 | €27,521 | -€4,207 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €301,054 | €61,532 | -€239,523 | -79.6% |
| Income taxes | 67/77 | €61,068 | €3,168 | -€57,899 | -94.8% |
| Profit (loss) for the period | 9904 | €239,987 | €58,363 | -€181,623 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €239,987 | €58,363 | -€181,623 | -75.7% |
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 7 November 2026 via checked.be.