HET EENDENHOF: 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.
HET EENDENHOF
Largest movements
- Tangible fixed assets -€18,404
down €18,404 (-17.1%), from €107,533 to €89,129
- Stocks and contracts -€7,028
down €7,028 (-35.1%), from €20,014 to €12,986
- Cash +€5,265
up €5,265 (+144%), from €3,646 to €8,911
mainly Other debts (+€26,469) and Depreciation (+€18,404)
- Receivables within one year -€1,875
down €1,875 (-90.1%), from €2,080 to €205
of which Other amounts receivable: -€2,080
- Other debts +€26,469
up €26,469 (+7.7%), from €343,528 to €369,997
- Current portion of long-term debt -€22,362
no longer reported in 2025 (was €22,362)
- Profit (loss) carried forward -€17,632
down €17,632 (-6.4%), from -€276,460 to -€294,092
- Trade debts -€9,224
down €9,224 (-91.6%), from €10,067 to €843
- Gross operating margin +€9,797
up €9,797, from -€5,598 to €4,199
- Financial charges -€1,356
down €1,356 (-61.1%), from €2,219 to €863
- Depreciation -€1,138
down €1,138 (-5.8%), from €19,542 to €18,404
- Other operating charges +€110
up €110 (+4.5%), from €2,453 to €2,564
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,709 | €111,643 | -€22,066 | -16.5% |
| Fixed assets | 21/28 | €107,568 | €89,164 | -€18,404 | -17.1% |
| Tangible fixed assets | 22/27 | €107,533 | €89,129 | -€18,404 | -17.1% |
| Land and buildings | 22 | €73,858 | €67,749 | -€6,109 | -8.3% |
| Plant, machinery and equipment | 23 | €14,129 | €10,108 | -€4,021 | -28.5% |
| Furniture and vehicles | 24 | €19,546 | €11,272 | -€8,274 | -42.3% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €26,140 | €22,479 | -€3,661 | -14.0% |
| Stocks and contracts in progress | 3 | €20,014 | €12,986 | -€7,028 | -35.1% |
| Stocks | 30/36 | €20,014 | €12,986 | -€7,028 | -35.1% |
| Amounts receivable within one year | 40/41 | €2,080 | €205 | -€1,875 | -90.1% |
| Trade receivables | 40 | - | €205 | +€205 | |
| Other amounts receivable | 41 | €2,080 | - | -€2,080 | |
| Cash at bank and in hand | 54/58 | €3,646 | €8,911 | +€5,265 | +144% |
| Deferred charges and accrued income | 490/1 | €400 | €377 | -€24 | -6.0% |
| Total equity and liabilities | 10/49 | €133,709 | €111,643 | -€22,066 | -16.5% |
| Equity | 10/15 | -€242,248 | -€259,880 | -€17,632 | -7.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€276,460 | -€294,092 | -€17,632 | -6.4% |
| Amounts payable | 17/49 | €375,957 | €371,523 | -€4,434 | -1.2% |
| Amounts payable within one year | 42/48 | €375,957 | €371,523 | -€4,434 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €22,362 | - | -€22,362 | |
| Trade debts | 44 | €10,067 | €843 | -€9,224 | -91.6% |
| Suppliers | 440/4 | €10,067 | €843 | -€9,224 | -91.6% |
| Taxes, remuneration and social security | 45 | - | €683 | +€683 | |
| Taxes | 450/3 | - | €683 | +€683 | |
| Other amounts payable | 47/48 | €343,528 | €369,997 | +€26,469 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,542 | €18,404 | -€1,138 | -5.8% |
| Other operating charges | 640/8 | €2,453 | €2,564 | +€110 | +4.5% |
| Gross operating margin | 9900 | -€5,598 | €4,199 | +€9,797 | |
| Operating profit (loss) | 9901 | -€27,594 | -€16,769 | +€10,825 | +39.2% |
| Financial income | 75/76B | €33 | - | -€33 | |
| Recurring financial income | 75 | €33 | - | -€33 | |
| Financial charges | 65/66B | €2,219 | €863 | -€1,356 | -61.1% |
| Recurring financial charges | 65 | €2,219 | €863 | -€1,356 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | -€29,780 | -€17,632 | +€12,148 | +40.8% |
| Profit (loss) for the period | 9904 | -€29,780 | -€17,632 | +€12,148 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,780 | -€17,632 | +€12,148 | +40.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.