HOEVE DD: 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.
What changed
HOEVE DD
NACE 01.500, Mixed farming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€119,348
2024 · €257,676-€138,328
Equity
€769,114
2024 · €649,766+€119,348
Cash
€133,607
2024 · €121,376+€12,231
Balance sheet total
€2.7m
2024 · €2.7m-€51,973
Largest movements
Assets
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
Equity and liabilities
- Debts after one year -€170,180
down €170,180 (-9.8%), from €1.7m to €1.6m
- Reserves +€119,348
up €119,348 (+25.5%), from €468,501 to €587,850
- Tax, wage and social debts -€102,294
down €102,294 (-94.0%), from €108,872 to €6,578
of which Taxes: -€103,387
- Trade debts +€71,785
up €71,785 (+218.9%), from €32,798 to €104,583
- Other debts +€33,704
up €33,704 (+104.0%), from €32,410 to €66,114
Income statement
- Gross operating margin -€179,247
down €179,247 (-30.2%), from €593,576 to €414,329
- Taxes -€63,016
down €63,016 (-57.2%), from €110,220 to €47,205
- Staff costs +€6,568
up €6,568 (+23.5%), from €27,952 to €34,520
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
€257,676
Gross operating margin
-€179,247
Staff costs
-€6,568
Depreciation
+€5,928
Other operating charges
+€616
Other operating items
-€27,962
Financial income
+€5,592
Financial charges
+€297
Taxes
+€63,016
Result 2025
€119,348
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.
From operations
+€304,946
Investment
-€122,536
Financing
-€170,180
Cash 2024
€121,376
From operations (derived)
+€304,946
Net result for the year
+€119,348
Depreciation
+€157,034
Stocks and contracts
+€5,080
Receivables within one year
+€25,929
Deferred charges and accrued income
-€1,303
Trade debts
+€71,785
Tax, wage and social debts
-€102,294
Other debts
+€33,704
Accrued charges and deferred income
-€4,337
Investment (derived)
-€122,536
Investment in fixed assets (net)
-€172,536
Current investments
+€50,000
Financing
-€170,180
Debts after one year
-€170,180
Cash 2025
€133,607
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,746,534 | €2,694,561 | -€51,973 | -1.9% |
| Fixed assets | 21/28 | €2,124,227 | €2,139,729 | +€15,502 | +0.7% |
| Intangible fixed assets | 21 | €51,859 | €78,709 | +€26,850 | +51.8% |
| Tangible fixed assets | 22/27 | €2,072,368 | €2,061,021 | -€11,348 | -0.5% |
| Land and buildings | 22 | €1,956,296 | €1,825,212 | -€131,085 | -6.7% |
| Plant, machinery and equipment | 23 | €108,112 | €151,150 | +€43,038 | +39.8% |
| Furniture and vehicles | 24 | €7,960 | €84,659 | +€76,699 | +963.5% |
| Current assets | 29/58 | €622,307 | €554,832 | -€67,475 | -10.8% |
| Stocks and contracts in progress | 3 | €387,794 | €382,714 | -€5,080 | -1.3% |
| Stocks | 30/36 | €387,794 | €382,714 | -€5,080 | -1.3% |
| Amounts receivable within one year | 40/41 | €48,529 | €22,600 | -€25,929 | -53.4% |
| Trade receivables | 40 | €48,529 | €4,867 | -€43,662 | -90.0% |
| Other amounts receivable | 41 | - | €17,733 | +€17,733 | |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €121,376 | €133,607 | +€12,231 | +10.1% |
| Deferred charges and accrued income | 490/1 | €14,608 | €15,911 | +€1,303 | +8.9% |
| Total equity and liabilities | 10/49 | €2,746,534 | €2,694,561 | -€51,973 | -1.9% |
| Equity | 10/15 | €649,766 | €769,114 | +€119,348 | +18.4% |
| Contributions | 10/11 | €181,264 | €181,264 | = | 0.0% |
| Reserves | 13 | €468,501 | €587,850 | +€119,348 | +25.5% |
| Distributable reserves | 133 | €468,501 | €587,850 | +€119,348 | +25.5% |
| Amounts payable | 17/49 | €2,096,768 | €1,925,447 | -€171,322 | -8.2% |
| Amounts payable after more than one year | 17 | €1,744,326 | €1,574,147 | -€170,180 | -9.8% |
| Financial debts | 170/4 | €1,744,326 | €1,574,147 | -€170,180 | -9.8% |
| Amounts payable within one year | 42/48 | €344,259 | €347,454 | +€3,195 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €170,180 | €170,180 | = | 0.0% |
| Trade debts | 44 | €32,798 | €104,583 | +€71,785 | +218.9% |
| Suppliers | 440/4 | €32,798 | €104,583 | +€71,785 | +218.9% |
| Taxes, remuneration and social security | 45 | €108,872 | €6,578 | -€102,294 | -94.0% |
| Taxes | 450/3 | €106,495 | €3,107 | -€103,387 | -97.1% |
| Remuneration and social security | 454/9 | €2,377 | €3,471 | +€1,093 | +46.0% |
| Other amounts payable | 47/48 | €32,410 | €66,114 | +€33,704 | +104.0% |
| Accrued charges and deferred income | 492/3 | €8,183 | €3,846 | -€4,337 | -53.0% |
| Remuneration, social security and pensions | 62 | €27,952 | €34,520 | +€6,568 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,962 | €157,034 | -€5,928 | -3.6% |
| Other operating charges | 640/8 | €14,148 | €13,532 | -€616 | -4.4% |
| Non-recurring operating charges | 66A | €227 | €28,189 | +€27,962 | +12294.1% |
| Gross operating margin | 9900 | €593,576 | €414,329 | -€179,247 | -30.2% |
| Operating profit (loss) | 9901 | €388,286 | €181,054 | -€207,233 | -53.4% |
| Financial income | 75/76B | €7,078 | €12,670 | +€5,592 | +79.0% |
| Recurring financial income | 75 | €7,078 | €7,728 | +€650 | +9.2% |
| Non-recurring financial income | 76B | - | €4,942 | +€4,942 | |
| Financial charges | 65/66B | €27,468 | €27,171 | -€297 | -1.1% |
| Recurring financial charges | 65 | €27,468 | €27,171 | -€297 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €367,896 | €166,553 | -€201,343 | -54.7% |
| Income taxes | 67/77 | €110,220 | €47,205 | -€63,016 | -57.2% |
| Profit (loss) for the period | 9904 | €257,676 | €119,348 | -€138,328 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €257,676 | €119,348 | -€138,328 | -53.7% |
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 2 October 2026 via checked.be.