HELLEBORUS: 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
HELLEBORUS
NACE 01.191, Growing of flowers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€214,808
2024 · €137,452+€77,357
Equity
€399,869
2024 · €297,060+€102,808
Cash
€71,591
2024 · €81,453-€9,862
Balance sheet total
€998,008
2024 · €1.0m-€25,517
Largest movements
Assets
- Tangible fixed assets -€34,850
down €34,850 (-7.6%), from €460,100 to €425,250
of which Land and buildings: -€36,971
- Receivables within one year +€21,055
up €21,055 (+15.8%), from €133,365 to €154,420
of which Other amounts receivable: +€14,651
Equity and liabilities
- Debts after one year -€220,942
down €220,942 (-45.1%), from €490,214 to €269,272
- Reserves +€100,000
up €100,000 (+36.1%), from €276,860 to €376,860
- Short-term financial debts +€50,000
new in 2025: €50,000
- Advances received +€27,950
new in 2025: €27,950
Income statement
- Gross operating margin +€68,744
up €68,744 (+16.2%), from €425,279 to €494,022
- Taxes +€20,969
new in 2025: €20,969
- Staff costs -€19,926
down €19,926 (-9.9%), from €201,151 to €181,225
- Financial charges -€5,973
down €5,973 (-31.5%), from €18,970 to €12,997
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
€137,452
Gross operating margin
+€68,744
Staff costs
+€19,926
Depreciation
+€4,590
Other operating charges
-€763
Financial income
-€144
Financial charges
+€5,973
Taxes
-€20,969
Result 2025
€214,808
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
+€287,905
Investment
-€21,824
Financing
-€275,942
Cash 2024
€81,453
From operations (derived)
+€287,905
Net result for the year
+€214,808
Depreciation
+€56,674
Stocks and contracts
+€1,861
Receivables within one year
-€21,055
Trade debts
+€2,181
Tax, wage and social debts
+€4,240
Advances received
+€27,950
Other debts
+€6,433
Accrued charges and deferred income
-€5,188
Investment (derived)
-€21,824
Investment in fixed assets (net)
-€21,824
Financing
-€275,942
Debts after one year
-€220,942
Current portion of long-term debt
+€7,000
Short-term financial debts
+€50,000
Contributions, distributions and other
-€112,000
Cash 2025
€71,591
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,023,526 | €998,008 | -€25,517 | -2.5% |
| Fixed assets | 21/28 | €460,100 | €425,250 | -€34,850 | -7.6% |
| Tangible fixed assets | 22/27 | €460,100 | €425,250 | -€34,850 | -7.6% |
| Land and buildings | 22 | €399,907 | €362,936 | -€36,971 | -9.2% |
| Plant, machinery and equipment | 23 | €53,686 | €56,970 | +€3,285 | +6.1% |
| Furniture and vehicles | 24 | €6,507 | €5,344 | -€1,163 | -17.9% |
| Current assets | 29/58 | €563,426 | €572,759 | +€9,332 | +1.7% |
| Stocks and contracts in progress | 3 | €348,608 | €346,747 | -€1,861 | -0.5% |
| Stocks | 30/36 | €348,608 | €346,747 | -€1,861 | -0.5% |
| Amounts receivable within one year | 40/41 | €133,365 | €154,420 | +€21,055 | +15.8% |
| Trade receivables | 40 | €128,785 | €135,189 | +€6,404 | +5.0% |
| Other amounts receivable | 41 | €4,581 | €19,231 | +€14,651 | +320% |
| Cash at bank and in hand | 54/58 | €81,453 | €71,591 | -€9,862 | -12.1% |
| Total equity and liabilities | 10/49 | €1,023,526 | €998,008 | -€25,517 | -2.5% |
| Equity | 10/15 | €297,060 | €399,869 | +€102,808 | +34.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €276,860 | €376,860 | +€100,000 | +36.1% |
| Distributable reserves | 133 | €276,860 | €376,860 | +€100,000 | +36.1% |
| Profit (loss) carried forward | 14 | €1,600 | €4,409 | +€2,808 | +176% |
| Amounts payable | 17/49 | €726,466 | €598,140 | -€128,326 | -17.7% |
| Amounts payable after more than one year | 17 | €490,214 | €269,272 | -€220,942 | -45.1% |
| Financial debts | 170/4 | €490,214 | €269,272 | -€220,942 | -45.1% |
| Amounts payable within one year | 42/48 | €228,621 | €326,425 | +€97,804 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | €64,359 | €71,359 | +€7,000 | +10.9% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €53,053 | €55,234 | +€2,181 | +4.1% |
| Suppliers | 440/4 | €53,053 | €55,234 | +€2,181 | +4.1% |
| Advances received on contracts in progress | 46 | - | €27,950 | +€27,950 | |
| Taxes, remuneration and social security | 45 | €3,595 | €7,835 | +€4,240 | +118% |
| Taxes | 450/3 | €0 | €5,998 | +€5,998 | |
| Remuneration and social security | 454/9 | €3,595 | €1,837 | -€1,758 | -48.9% |
| Other amounts payable | 47/48 | €107,613 | €114,046 | +€6,433 | +6.0% |
| Accrued charges and deferred income | 492/3 | €7,631 | €2,443 | -€5,188 | -68.0% |
| Remuneration, social security and pensions | 62 | €201,151 | €181,225 | -€19,926 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,263 | €56,674 | -€4,590 | -7.5% |
| Other operating charges | 640/8 | €6,699 | €7,461 | +€763 | +11.4% |
| Gross operating margin | 9900 | €425,279 | €494,022 | +€68,744 | +16.2% |
| Operating profit (loss) | 9901 | €156,165 | €248,662 | +€92,496 | +59.2% |
| Financial income | 75/76B | €256 | €112 | -€144 | -56.2% |
| Recurring financial income | 75 | €256 | €112 | -€144 | -56.2% |
| Financial charges | 65/66B | €18,970 | €12,997 | -€5,973 | -31.5% |
| Recurring financial charges | 65 | €18,970 | €12,997 | -€5,973 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €137,452 | €235,777 | +€98,326 | +71.5% |
| Income taxes | 67/77 | - | €20,969 | +€20,969 | |
| Profit (loss) for the period | 9904 | €137,452 | €214,808 | +€77,357 | +56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €137,452 | €214,808 | +€77,357 | +56.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.