HET LANDGOED: 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 LANDGOED
Largest movements
- Stocks and contracts -€447,682
down €447,682 (-3.5%), from €12.7m to €12.2m
of which Stocks: -€443,652
- Short-term financial debts -€580,000
down €580,000 (-15.7%), from €3.7m to €3.1m
of which Credit institutions: -€2.1m
- Turnover -€124,730
down €124,730 (-6.3%), from €2.0m to €1.9m
- Purchases and services -€109,732
down €109,732 (-6.6%), from €1.7m to €1.6m
- Gross operating margin -€20,725
down €20,725 (-6.5%), from €317,383 to €296,658
- Financial charges -€20,449
down €20,449 (-8.3%), from €246,577 to €226,128
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 | €12,892,350 | €12,428,788 | -€463,562 | -3.6% |
| Current assets | 29/58 | €12,892,350 | €12,428,788 | -€463,562 | -3.6% |
| Stocks and contracts in progress | 3 | €12,655,138 | €12,207,457 | -€447,682 | -3.5% |
| Stocks | 30/36 | €12,565,449 | €12,121,797 | -€443,652 | -3.5% |
| Contracts in progress | 37 | €89,690 | €85,660 | -€4,030 | -4.5% |
| Amounts receivable within one year | 40/41 | €109,558 | €49,399 | -€60,160 | -54.9% |
| Other amounts receivable | 41 | €109,558 | €49,399 | -€60,160 | -54.9% |
| Cash at bank and in hand | 54/58 | €122,653 | €171,926 | +€49,273 | +40.2% |
| Deferred charges and accrued income | 490/1 | €5,000 | €6 | -€4,994 | -99.9% |
| Total equity and liabilities | 10/49 | €12,892,350 | €12,428,788 | -€463,562 | -3.6% |
| Equity | 10/15 | €4,046,833 | €4,099,025 | +€52,191 | +1.3% |
| Contributions | 10/11 | €2,480,000 | €2,480,000 | = | 0.0% |
| Capital | 10 | €2,480,000 | €2,480,000 | = | 0.0% |
| Issued capital | 100 | €2,480,000 | €2,480,000 | = | 0.0% |
| Reserves | 13 | €248,000 | €248,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €248,000 | €248,000 | = | 0.0% |
| Legal reserve | 130 | €248,000 | €248,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,318,833 | €1,371,025 | +€52,191 | +4.0% |
| Amounts payable | 17/49 | €8,845,517 | €8,329,763 | -€515,754 | -5.8% |
| Amounts payable after more than one year | 17 | €5,000,000 | €5,000,000 | = | 0.0% |
| Financial debts | 170/4 | €5,000,000 | €5,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,819,113 | €3,319,411 | -€499,702 | -13.1% |
| Financial debts | 43 | €3,700,000 | €3,120,000 | -€580,000 | -15.7% |
| Credit institutions | 430/8 | €2,500,000 | €450,000 | -€2.1m | -82.0% |
| Other loans | 439 | €1,200,000 | €2,670,000 | +€1.5m | +123% |
| Trade debts | 44 | €17,301 | €15,362 | -€1,939 | -11.2% |
| Suppliers | 440/4 | €17,301 | €15,362 | -€1,939 | -11.2% |
| Advances received on contracts in progress | 46 | €101,812 | €184,049 | +€82,237 | +80.8% |
| Accrued charges and deferred income | 492/3 | €26,404 | €10,352 | -€16,052 | -60.8% |
| Turnover | 70 | €1,981,829 | €1,857,100 | -€124,730 | -6.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,666,169 | €1,556,437 | -€109,732 | -6.6% |
| Other operating charges | 640/8 | €1,722 | €1,040 | -€682 | -39.6% |
| Gross operating margin | 9900 | €317,383 | €296,658 | -€20,725 | -6.5% |
| Operating profit (loss) | 9901 | €315,660 | €295,617 | -€20,043 | -6.3% |
| Financial income | 75/76B | €2,994 | €99 | -€2,894 | -96.7% |
| Recurring financial income | 75 | €2,994 | €99 | -€2,894 | -96.7% |
| Financial charges | 65/66B | €246,577 | €226,128 | -€20,449 | -8.3% |
| Recurring financial charges | 65 | €246,577 | €226,128 | -€20,449 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €72,077 | €69,589 | -€2,489 | -3.5% |
| Income taxes | 67/77 | €18,019 | €17,397 | -€622 | -3.5% |
| Profit (loss) for the period | 9904 | €54,058 | €52,191 | -€1,867 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,058 | €52,191 | -€1,867 | -3.5% |
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 1 November 2026 via checked.be.