Het Erf: what changed
Two fiscal 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 Erf
Largest movements
- Cash -€147,693
down €147,693 (-80.4%), from €183,647 to €35,954
mainly Contributions, distributions and other (-€207,807) and Receivables within one year (-€19,636)
- Receivables within one year +€19,636
up €19,636 (+41.4%), from €47,454 to €67,090
of which Other amounts receivable: +€18,221
- Tangible fixed assets -€13,462
down €13,462 (-17.1%), from €78,516 to €65,054
of which Furniture and vehicles: -€7,852
- Financial fixed assets -€13,351
no longer reported in 2025 (was €13,351)
- Profit (loss) carried forward -€156,273
down €156,273 (-75.2%), from €207,807 to €51,534
- Tax, wage and social debts +€14,318
up €14,318 (+164.8%), from €8,690 to €23,008
of which Taxes: +€18,897
- Current portion of long-term debt -€7,405
down €7,405 (-59.0%), from €12,546 to €5,142
- Debts after one year -€5,142
down €5,142 (-7.3%), from €70,072 to €64,930
- Gross operating margin -€10,263
down €10,263 (-11.3%), from €91,102 to €80,839
- Depreciation -€1,857
down €1,857 (-12.1%), from €15,318 to €13,462
- Taxes -€1,418
down €1,418 (-9.5%), from €14,920 to €13,502
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 | €322,968 | €168,141 | -€154,827 | -47.9% |
| Fixed assets | 21/28 | €91,867 | €65,054 | -€26,813 | -29.2% |
| Tangible fixed assets | 22/27 | €78,516 | €65,054 | -€13,462 | -17.1% |
| Plant, machinery and equipment | 23 | €543 | €283 | -€260 | -47.9% |
| Furniture and vehicles | 24 | €7,852 | - | -€7,852 | |
| Other tangible fixed assets | 26 | €70,122 | €64,772 | -€5,350 | -7.6% |
| Financial fixed assets | 28 | €13,351 | - | -€13,351 | |
| Current assets | 29/58 | €231,101 | €103,086 | -€128,015 | -55.4% |
| Amounts receivable within one year | 40/41 | €47,454 | €67,090 | +€19,636 | +41.4% |
| Trade receivables | 40 | €17,185 | €18,600 | +€1,415 | +8.2% |
| Other amounts receivable | 41 | €30,269 | €48,490 | +€18,221 | +60.2% |
| Cash at bank and in hand | 54/58 | €183,647 | €35,954 | -€147,693 | -80.4% |
| Deferred charges and accrued income | 490/1 | - | €43 | +€43 | |
| Total equity and liabilities | 10/49 | €322,968 | €168,141 | -€154,827 | -47.9% |
| Equity | 10/15 | €226,407 | €70,134 | -€156,273 | -69.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,807 | €51,534 | -€156,273 | -75.2% |
| Amounts payable | 17/49 | €96,561 | €98,007 | +€1,446 | +1.5% |
| Amounts payable after more than one year | 17 | €70,072 | €64,930 | -€5,142 | -7.3% |
| Financial debts | 170/4 | €70,072 | €64,930 | -€5,142 | -7.3% |
| Amounts payable within one year | 42/48 | €26,489 | €33,077 | +€6,588 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €12,546 | €5,142 | -€7,405 | -59.0% |
| Trade debts | 44 | €5,252 | €4,926 | -€326 | -6.2% |
| Suppliers | 440/4 | €5,252 | €4,926 | -€326 | -6.2% |
| Taxes, remuneration and social security | 45 | €8,690 | €23,008 | +€14,318 | +164.8% |
| Taxes | 450/3 | €4,111 | €23,008 | +€18,897 | +459.6% |
| Remuneration and social security | 454/9 | €4,579 | - | -€4,579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,318 | €13,462 | -€1,857 | -12.1% |
| Other operating charges | 640/8 | €579 | €584 | +€6 | +1.0% |
| Gross operating margin | 9900 | €91,102 | €80,839 | -€10,263 | -11.3% |
| Operating profit (loss) | 9901 | €75,204 | €66,793 | -€8,412 | -11.2% |
| Financial income | 75/76B | €39 | - | -€39 | |
| Recurring financial income | 75 | €39 | - | -€39 | |
| Financial charges | 65/66B | €2,497 | €1,757 | -€741 | -29.7% |
| Recurring financial charges | 65 | €2,497 | €1,757 | -€741 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €72,746 | €65,036 | -€7,710 | -10.6% |
| Income taxes | 67/77 | €14,920 | €13,502 | -€1,418 | -9.5% |
| Profit (loss) for the period | 9904 | €57,826 | €51,534 | -€6,292 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,826 | €51,534 | -€6,292 | -10.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.