HIDDEN LEAF: 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.
HIDDEN LEAF
Largest movements
- Tangible fixed assets +€397,992
up €397,992 (+6176.8%), from €6,443 to €404,436
of which Land and buildings: +€398,539
- Cash -€66,432
down €66,432 (-76.6%), from €86,715 to €20,284
mainly Investment in fixed assets (net) (-€462,752) and Receivables within one year (-€30,324)
- Receivables within one year +€30,324
up €30,324 (+192.6%), from €15,745 to €46,069
of which Trade receivables: +€25,468
- Deferred charges and accrued income -€17,667
down €17,667 (-89.8%), from €19,681 to €2,014
- Debts after one year +€346,629
new in 2025: €346,629
- Current portion of long-term debt +€13,371
new in 2025: €13,371
- Reserves -€8,000
down €8,000 (-6.6%), from €121,944 to €113,944
- Profit (loss) carried forward -€7,885
down €7,885, from €482 to -€7,403
- Depreciation +€63,450
up €63,450 (+4844.4%), from €1,310 to €64,760
- Taxes -€12,658
down €12,658 (-94.5%), from €13,393 to €735
- Gross operating margin +€5,729
up €5,729 (+13.5%), from €42,313 to €48,042
- Financial charges +€1,925
up €1,925 (+808.4%), from €238 to €2,163
- Other operating charges +€642
up €642 (+38.1%), from €1,685 to €2,327
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 | €128,626 | €472,844 | +€344,218 | +267.6% |
| Fixed assets | 21/28 | €6,485 | €404,477 | +€397,992 | +6137.3% |
| Tangible fixed assets | 22/27 | €6,443 | €404,436 | +€397,992 | +6176.8% |
| Land and buildings | 22 | - | €398,539 | +€398,539 | |
| Furniture and vehicles | 24 | €6,292 | €5,776 | -€516 | -8.2% |
| Other tangible fixed assets | 26 | €151 | €121 | -€30 | -20.0% |
| Financial fixed assets | 28 | €41 | €41 | = | 0.0% |
| Current assets | 29/58 | €122,142 | €68,367 | -€53,774 | -44.0% |
| Amounts receivable within one year | 40/41 | €15,745 | €46,069 | +€30,324 | +192.6% |
| Trade receivables | 40 | €2,035 | €27,504 | +€25,468 | +1251.2% |
| Other amounts receivable | 41 | €13,710 | €18,566 | +€4,856 | +35.4% |
| Cash at bank and in hand | 54/58 | €86,715 | €20,284 | -€66,432 | -76.6% |
| Deferred charges and accrued income | 490/1 | €19,681 | €2,014 | -€17,667 | -89.8% |
| Total equity and liabilities | 10/49 | €128,626 | €472,844 | +€344,218 | +267.6% |
| Equity | 10/15 | €128,626 | €112,741 | -€15,885 | -12.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €121,944 | €113,944 | -€8,000 | -6.6% |
| Distributable reserves | 133 | €121,944 | €113,944 | -€8,000 | -6.6% |
| Profit (loss) carried forward | 14 | €482 | -€7,403 | -€7,885 | |
| Amounts payable | 17/49 | €0 | €360,103 | +€360,103 | |
| Amounts payable after more than one year | 17 | - | €346,629 | +€346,629 | |
| Financial debts | 170/4 | - | €346,629 | +€346,629 | |
| Amounts payable within one year | 42/48 | €0 | €13,475 | +€13,475 | |
| Current portion of amounts payable after more than one year | 42 | - | €13,371 | +€13,371 | |
| Trade debts | 44 | €0 | €103 | +€103 | |
| Suppliers | 440/4 | €0 | €103 | +€103 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,310 | €64,760 | +€63,450 | +4844.4% |
| Other operating charges | 640/8 | €1,685 | €2,327 | +€642 | +38.1% |
| Gross operating margin | 9900 | €42,313 | €48,042 | +€5,729 | +13.5% |
| Operating profit (loss) | 9901 | €39,318 | -€19,044 | -€58,363 | |
| Financial income | 75/76B | €267 | €32 | -€235 | -88.1% |
| Recurring financial income | 75 | €267 | €32 | -€235 | -88.1% |
| Financial charges | 65/66B | €238 | €2,163 | +€1,925 | +808.4% |
| Recurring financial charges | 65 | €238 | €2,163 | +€1,925 | +808.4% |
| Profit (loss) for the period before taxes | 9903 | €39,347 | -€21,176 | -€60,523 | |
| Income taxes | 67/77 | €13,393 | €735 | -€12,658 | -94.5% |
| Profit (loss) for the period | 9904 | €25,954 | -€21,910 | -€47,865 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,954 | -€21,910 | -€47,865 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.