Hoeve Cuvry: 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 Cuvry
NACE 01.500, Mixed farming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€148,683
2024 · €73,615+€75,068
Equity
€1.6m
2024 · €1.5m+€148,683
Cash
€151,109
2024 · €145,502+€5,607
Balance sheet total
€2.8m
2024 · €2.9m-€75,569
Largest movements
Assets
- Tangible fixed assets -€127,390
down €127,390 (-6.8%), from €1.9m to €1.8m
of which Plant, machinery and equipment: -€65,769
- Receivables within one year +€49,961
up €49,961 (+55.3%), from €90,359 to €140,319
of which Trade receivables: +€87,913
Equity and liabilities
- Other debts -€166,536
down €166,536 (-19.6%), from €848,773 to €682,237
- Profit (loss) carried forward +€148,683
up €148,683 (+20.9%), from €712,149 to €860,832
- Debts after one year -€71,653
down €71,653 (-20.9%), from €343,617 to €271,964
Income statement
- Staff costs -€83,429
down €83,429 (-29.7%), from €281,219 to €197,790
- Depreciation -€28,601
down €28,601 (-12.4%), from €231,571 to €202,970
- Taxes +€24,497
up €24,497 (+102%), from €24,103 to €48,600
- Gross operating margin -€20,302
down €20,302 (-2.9%), from €697,661 to €677,360
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
€73,615
Gross operating margin
-€20,302
Staff costs
+€83,429
Depreciation
+€28,601
Other operating charges
+€978
Other operating items
+€1,487
Financial income
+€131
Financial charges
+€5,240
Taxes
-€24,497
Result 2025
€148,683
raises the resultlowers the resultnot broken down further in the accounts
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
+€151,836
Investment
-€76,080
Financing
-€70,149
Cash 2024
€145,502
From operations (derived)
+€151,836
Net result for the year
+€148,683
Depreciation
+€202,970
Receivables after one year
+€4,272
Stocks and contracts
+€492
Receivables within one year
-€49,961
Deferred charges and accrued income
-€517
Trade debts
+€23,488
Tax, wage and social debts
-€14,772
Other debts
-€166,536
Accrued charges and deferred income
+€3,717
Investment (derived)
-€76,080
Investment in fixed assets (net)
-€72,080
Current investments
-€4,000
Financing
-€70,149
Debts after one year
-€71,653
Current portion of long-term debt
+€1,503
Cash 2025
€151,109
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,862,589 | €2,787,020 | -€75,569 | -2.6% |
| Fixed assets | 21/28 | €1,887,417 | €1,756,528 | -€130,890 | -6.9% |
| Intangible fixed assets | 21 | €7,000 | €3,500 | -€3,500 | -50.0% |
| Tangible fixed assets | 22/27 | €1,880,417 | €1,753,028 | -€127,390 | -6.8% |
| Land and buildings | 22 | €1,387,806 | €1,326,184 | -€61,622 | -4.4% |
| Plant, machinery and equipment | 23 | €403,482 | €337,713 | -€65,769 | -16.3% |
| Furniture and vehicles | 24 | €89,129 | €89,130 | +€1 | 0.0% |
| Current assets | 29/58 | €975,172 | €1,030,493 | +€55,321 | +5.7% |
| Amounts receivable after more than one year | 29 | €380,168 | €375,896 | -€4,272 | -1.1% |
| Trade receivables | 290 | €380,168 | €375,896 | -€4,272 | -1.1% |
| Stocks and contracts in progress | 3 | €352,225 | €351,733 | -€492 | -0.1% |
| Stocks | 30/36 | €352,225 | €351,733 | -€492 | -0.1% |
| Amounts receivable within one year | 40/41 | €90,359 | €140,319 | +€49,961 | +55.3% |
| Trade receivables | 40 | €36,640 | €124,553 | +€87,913 | +240% |
| Other amounts receivable | 41 | €53,718 | €15,766 | -€37,952 | -70.7% |
| Current investments | 50/53 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €145,502 | €151,109 | +€5,607 | +3.9% |
| Deferred charges and accrued income | 490/1 | €6,918 | €7,436 | +€517 | +7.5% |
| Total equity and liabilities | 10/49 | €2,862,589 | €2,787,020 | -€75,569 | -2.6% |
| Equity | 10/15 | €1,477,676 | €1,626,359 | +€148,683 | +10.1% |
| Contributions | 10/11 | €756,200 | €756,200 | = | 0.0% |
| Reserves | 13 | €9,327 | €9,327 | = | 0.0% |
| Distributable reserves | 133 | €9,327 | €9,327 | = | 0.0% |
| Profit (loss) carried forward | 14 | €712,149 | €860,832 | +€148,683 | +20.9% |
| Amounts payable | 17/49 | €1,384,913 | €1,160,661 | -€224,252 | -16.2% |
| Amounts payable after more than one year | 17 | €343,617 | €271,964 | -€71,653 | -20.9% |
| Financial debts | 170/4 | €343,617 | €271,964 | -€71,653 | -20.9% |
| Amounts payable within one year | 42/48 | €1,036,223 | €879,907 | -€156,316 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €70,149 | €71,653 | +€1,503 | +2.1% |
| Trade debts | 44 | €61,939 | €85,427 | +€23,488 | +37.9% |
| Suppliers | 440/4 | €61,939 | €85,427 | +€23,488 | +37.9% |
| Taxes, remuneration and social security | 45 | €55,361 | €40,590 | -€14,772 | -26.7% |
| Taxes | 450/3 | €18,688 | €19,751 | +€1,063 | +5.7% |
| Remuneration and social security | 454/9 | €36,673 | €20,838 | -€15,835 | -43.2% |
| Other amounts payable | 47/48 | €848,773 | €682,237 | -€166,536 | -19.6% |
| Accrued charges and deferred income | 492/3 | €5,073 | €8,790 | +€3,717 | +73.3% |
| Non-recurring operating income | 76A | €8,075 | €30,000 | +€21,925 | +272% |
| Remuneration, social security and pensions | 62 | €281,219 | €197,790 | -€83,429 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231,571 | €202,970 | -€28,601 | -12.4% |
| Other operating charges | 640/8 | €12,098 | €11,120 | -€978 | -8.1% |
| Non-recurring operating charges | 66A | €1,487 | €0 | -€1,487 | -100% |
| Gross operating margin | 9900 | €697,661 | €677,360 | -€20,302 | -2.9% |
| Operating profit (loss) | 9901 | €171,287 | €265,481 | +€94,194 | +55.0% |
| Financial income | 75/76B | €1,303 | €1,434 | +€131 | +10.1% |
| Recurring financial income | 75 | €1,303 | €1,434 | +€131 | +10.1% |
| Financial charges | 65/66B | €74,872 | €69,632 | -€5,240 | -7.0% |
| Recurring financial charges | 65 | €74,872 | €69,632 | -€5,240 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €97,718 | €197,283 | +€99,565 | +102% |
| Income taxes | 67/77 | €24,103 | €48,600 | +€24,497 | +102% |
| Profit (loss) for the period | 9904 | €73,615 | €148,683 | +€75,068 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €73,615 | €148,683 | +€75,068 | +102% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.