HOEVE BRUGHMANS: 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
HOEVE BRUGHMANS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€74,783
2024 · €15,435+€59,349
Equity
€1.3m
2024 · €1.3m+€74,783
Cash
€45
2024 · €4+€41
Balance sheet total
€1.7m
2024 · €1.8m-€45,790
Largest movements
Assets
- Deferred charges and accrued income -€120,786
down €120,786 (-76.0%), from €158,901 to €38,115
- Receivables within one year +€108,013
up €108,013 (+96.6%), from €111,782 to €219,795
of which Trade receivables: +€140,000
- Tangible fixed assets -€33,057
down €33,057 (-8.2%), from €404,757 to €371,700
Equity and liabilities
- Profit (loss) carried forward +€74,783
new in 2025: €74,783
- Advances received -€50,000
no longer reported in 2025 (was €50,000)
- Other debts -€49,857
down €49,857 (-94.3%), from €52,857 to €3,000
- Debts after one year -€36,435
down €36,435 (-17.3%), from €210,497 to €174,062
- Tax, wage and social debts +€25,297
up €25,297 (+31.3%), from €80,746 to €106,043
Income statement
- Gross operating margin +€60,235
up €60,235 (+69.1%), from €87,120 to €147,356
- Taxes +€10,369
up €10,369 (+58.6%), from €17,681 to €28,050
- Financial income +€7,505
new in 2025: €7,505
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
€15,435
Gross operating margin
+€60,235
Depreciation
+€820
Other operating charges
-€158
Financial income
+€7,505
Financial charges
+€1,315
Taxes
-€10,369
Result 2025
€74,783
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
+€52,755
Investment
-€4,399
Financing
-€48,315
Cash 2024
€4
From operations (derived)
+€52,755
Net result for the year
+€74,783
Depreciation
+€37,456
Receivables within one year
-€108,013
Deferred charges and accrued income
+€120,786
Trade debts
+€10,439
Tax, wage and social debts
+€25,297
Advances received
-€50,000
Other debts
-€49,857
Accrued charges and deferred income
-€8,137
Investment (derived)
-€4,399
Investment in fixed assets (net)
-€4,399
Financing
-€48,315
Debts after one year
-€36,435
Current portion of long-term debt
-€11,614
Short-term financial debts
-€266
Cash 2025
€45
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,768,614 | €1,722,824 | -€45,790 | -2.6% |
| Fixed assets | 21/28 | €1,123,499 | €1,090,442 | -€33,057 | -2.9% |
| Tangible fixed assets | 22/27 | €404,757 | €371,700 | -€33,057 | -8.2% |
| Land and buildings | 22 | €327,503 | €317,602 | -€9,901 | -3.0% |
| Plant, machinery and equipment | 23 | €1,788 | €3,929 | +€2,141 | +120% |
| Furniture and vehicles | 24 | €24,779 | €17,910 | -€6,869 | -27.7% |
| Leasing and similar rights | 25 | €7,631 | - | -€7,631 | |
| Other tangible fixed assets | 26 | €43,055 | €32,258 | -€10,797 | -25.1% |
| Financial fixed assets | 28 | €718,742 | €718,742 | = | 0.0% |
| Current assets | 29/58 | €645,115 | €632,382 | -€12,733 | -2.0% |
| Amounts receivable after more than one year | 29 | €374,428 | €374,428 | = | 0.0% |
| Other amounts receivable | 291 | €374,428 | €374,428 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €111,782 | €219,795 | +€108,013 | +96.6% |
| Trade receivables | 40 | €16,269 | €156,269 | +€140,000 | +861% |
| Other amounts receivable | 41 | €95,513 | €63,526 | -€31,987 | -33.5% |
| Cash at bank and in hand | 54/58 | €4 | €45 | +€41 | +933% |
| Deferred charges and accrued income | 490/1 | €158,901 | €38,115 | -€120,786 | -76.0% |
| Total equity and liabilities | 10/49 | €1,768,614 | €1,722,824 | -€45,790 | -2.6% |
| Equity | 10/15 | €1,252,602 | €1,327,385 | +€74,783 | +6.0% |
| Contributions | 10/11 | €727,235 | €727,235 | = | 0.0% |
| Reserves | 13 | €525,367 | €525,367 | = | 0.0% |
| Tax-exempt reserves | 132 | €124,298 | €124,298 | = | 0.0% |
| Distributable reserves | 133 | €401,069 | €401,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €74,783 | +€74,783 | |
| Provisions and deferred taxes | 16 | €41,433 | €41,433 | = | 0.0% |
| Deferred taxes | 168 | €41,433 | €41,433 | = | 0.0% |
| Amounts payable | 17/49 | €474,579 | €354,006 | -€120,573 | -25.4% |
| Amounts payable after more than one year | 17 | €210,497 | €174,062 | -€36,435 | -17.3% |
| Financial debts | 170/4 | €210,497 | €174,062 | -€36,435 | -17.3% |
| Amounts payable within one year | 42/48 | €255,945 | €179,944 | -€76,001 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €52,108 | €40,493 | -€11,614 | -22.3% |
| Financial debts | 43 | €1,594 | €1,329 | -€266 | -16.7% |
| Credit institutions | 430/8 | €1,594 | €1,329 | -€266 | -16.7% |
| Trade debts | 44 | €18,640 | €29,080 | +€10,439 | +56.0% |
| Suppliers | 440/4 | €18,640 | €29,080 | +€10,439 | +56.0% |
| Advances received on contracts in progress | 46 | €50,000 | - | -€50,000 | |
| Taxes, remuneration and social security | 45 | €80,746 | €106,043 | +€25,297 | +31.3% |
| Taxes | 450/3 | €80,746 | €106,043 | +€25,297 | +31.3% |
| Other amounts payable | 47/48 | €52,857 | €3,000 | -€49,857 | -94.3% |
| Accrued charges and deferred income | 492/3 | €8,137 | - | -€8,137 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,276 | €37,456 | -€820 | -2.1% |
| Other operating charges | 640/8 | €4,617 | €4,775 | +€158 | +3.4% |
| Gross operating margin | 9900 | €87,120 | €147,356 | +€60,235 | +69.1% |
| Operating profit (loss) | 9901 | €44,227 | €105,124 | +€60,898 | +138% |
| Financial income | 75/76B | - | €7,505 | +€7,505 | |
| Recurring financial income | 75 | - | €7,505 | +€7,505 | |
| Financial charges | 65/66B | €11,111 | €9,796 | -€1,315 | -11.8% |
| Recurring financial charges | 65 | €11,111 | €9,796 | -€1,315 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €33,116 | €102,833 | +€69,717 | +211% |
| Income taxes | 67/77 | €17,681 | €28,050 | +€10,369 | +58.6% |
| Profit (loss) for the period | 9904 | €15,435 | €74,783 | +€59,349 | +385% |
| Profit (loss) for the period to be appropriated | 9905 | €15,435 | €74,783 | +€59,349 | +385% |
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 20 October 2026 via checked.be.