HEGGEHOEVE: 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
HEGGEHOEVE
NACE 01.471, Crop and animal production, hunting and related service activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€876,937
2024 · €911,105-€34,168
Equity
€2.8m
2024 · €1.9m+€851,337
Cash
€1.1m
2024 · €148,873+€958,306
Balance sheet total
€3.5m
2024 · €2.7m+€851,914
Largest movements
Assets
- Cash +€958,306
up €958,306 (+644%), from €148,873 to €1.1m
mainly Net result for the year (+€876,937) and Depreciation (+€150,591)
- Receivables within one year -€141,975
down €141,975 (-47.0%), from €302,015 to €160,040
of which Trade receivables: -€156,981
Equity and liabilities
- Reserves +€851,337
up €851,337 (+45.9%), from €1.9m to €2.7m
- Tax, wage and social debts +€80,735
up €80,735 (+63.8%), from €126,513 to €207,248
- Debts after one year -€80,551
down €80,551 (-18.5%), from €434,500 to €353,949
Income statement
- Gross operating margin -€51,403
down €51,403 (-3.5%), from €1.5m to €1.4m
- Taxes -€21,416
down €21,416 (-5.3%), from €402,189 to €380,773
- Depreciation +€15,618
up €15,618 (+11.6%), from €134,973 to €150,591
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
€911,105
Gross operating margin
-€51,403
Depreciation
-€15,618
Other operating charges
-€317
Financial income
-€1,242
Financial charges
+€12,996
Taxes
+€21,416
Result 2025
€876,937
raises the resultlowers the result
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
+€1.2m
Investment
-€170,238
Financing
-€105,138
Cash 2024
€148,873
From operations (derived)
+€1.2m
Net result for the year
+€876,937
Depreciation
+€150,591
Stocks and contracts
-€15,735
Receivables within one year
+€141,975
Deferred charges and accrued income
-€202
Trade debts
+€6,020
Tax, wage and social debts
+€80,735
Other debts
+€6,261
Accrued charges and deferred income
-€12,900
Investment (derived)
-€170,238
Investment in fixed assets (net)
-€170,853
Current investments
+€615
Financing
-€105,138
Debts after one year
-€80,551
Current portion of long-term debt
+€1,013
Contributions, distributions and other
-€25,600
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,668,533 | €3,520,447 | +€851,914 | +31.9% |
| Fixed assets | 21/28 | €1,143,673 | €1,163,935 | +€20,262 | +1.8% |
| Tangible fixed assets | 22/27 | €1,134,173 | €1,154,435 | +€20,262 | +1.8% |
| Land and buildings | 22 | €1,017,849 | €974,692 | -€43,158 | -4.2% |
| Plant, machinery and equipment | 23 | €96,953 | €165,403 | +€68,449 | +70.6% |
| Furniture and vehicles | 24 | €19,371 | €14,341 | -€5,030 | -26.0% |
| Financial fixed assets | 28 | €9,500 | €9,500 | = | 0.0% |
| Current assets | 29/58 | €1,524,860 | €2,356,512 | +€831,652 | +54.5% |
| Stocks and contracts in progress | 3 | €270,683 | €286,418 | +€15,735 | +5.8% |
| Stocks | 30/36 | €270,683 | €286,418 | +€15,735 | +5.8% |
| Amounts receivable within one year | 40/41 | €302,015 | €160,040 | -€141,975 | -47.0% |
| Trade receivables | 40 | €299,894 | €142,913 | -€156,981 | -52.3% |
| Other amounts receivable | 41 | €2,121 | €17,128 | +€15,007 | +708% |
| Current investments | 50/53 | €800,000 | €799,385 | -€615 | -0.1% |
| Cash at bank and in hand | 54/58 | €148,873 | €1,107,179 | +€958,306 | +644% |
| Deferred charges and accrued income | 490/1 | €3,288 | €3,490 | +€202 | +6.1% |
| Total equity and liabilities | 10/49 | €2,668,533 | €3,520,447 | +€851,914 | +31.9% |
| Equity | 10/15 | €1,949,189 | €2,800,526 | +€851,337 | +43.7% |
| Contributions | 10/11 | €78,592 | €78,592 | = | 0.0% |
| Reserves | 13 | €1,853,509 | €2,704,846 | +€851,337 | +45.9% |
| Distributable reserves | 133 | €1,853,509 | €2,704,846 | +€851,337 | +45.9% |
| Profit (loss) carried forward | 14 | €17,089 | €17,089 | = | 0.0% |
| Amounts payable | 17/49 | €719,344 | €719,921 | +€577 | +0.1% |
| Amounts payable after more than one year | 17 | €434,500 | €353,949 | -€80,551 | -18.5% |
| Financial debts | 170/4 | €434,500 | €353,949 | -€80,551 | -18.5% |
| Amounts payable within one year | 42/48 | €271,465 | €365,494 | +€94,029 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €79,538 | €80,551 | +€1,013 | +1.3% |
| Trade debts | 44 | €27,204 | €33,223 | +€6,020 | +22.1% |
| Suppliers | 440/4 | €27,204 | €33,223 | +€6,020 | +22.1% |
| Taxes, remuneration and social security | 45 | €126,513 | €207,248 | +€80,735 | +63.8% |
| Taxes | 450/3 | €126,513 | €207,248 | +€80,735 | +63.8% |
| Other amounts payable | 47/48 | €38,210 | €44,471 | +€6,261 | +16.4% |
| Accrued charges and deferred income | 492/3 | €13,379 | €478 | -€12,900 | -96.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,973 | €150,591 | +€15,618 | +11.6% |
| Other operating charges | 640/8 | €7,638 | €7,956 | +€317 | +4.2% |
| Gross operating margin | 9900 | €1,470,983 | €1,419,580 | -€51,403 | -3.5% |
| Operating profit (loss) | 9901 | €1,328,371 | €1,261,033 | -€67,338 | -5.1% |
| Financial income | 75/76B | €6,765 | €5,523 | -€1,242 | -18.4% |
| Recurring financial income | 75 | €6,765 | €5,523 | -€1,242 | -18.4% |
| Financial charges | 65/66B | €21,842 | €8,847 | -€12,996 | -59.5% |
| Recurring financial charges | 65 | €21,842 | €8,847 | -€12,996 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €1,313,294 | €1,257,710 | -€55,584 | -4.2% |
| Income taxes | 67/77 | €402,189 | €380,773 | -€21,416 | -5.3% |
| Profit (loss) for the period | 9904 | €911,105 | €876,937 | -€34,168 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €911,105 | €876,937 | -€34,168 | -3.8% |
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 14 October 2026 via checked.be.