HOEVE de HOLDERT: 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.
HOEVE de HOLDERT
Largest movements
- Receivables within one year +€78,073
up €78,073 (+200%), from €39,070 to €117,143
of which Trade receivables: +€74,981
- Cash -€26,444
down €26,444 (-29.7%), from €89,044 to €62,600
mainly Receivables within one year (-€78,073) and Debts after one year (-€12,494)
- Trade debts +€37,892
up €37,892 (+141%), from €26,962 to €64,854
- Advances received +€37,171
up €37,171, from €0 to €37,171
- Debts after one year -€12,494
down €12,494 (-5.7%), from €220,246 to €207,752
- Tax, wage and social debts -€11,613
down €11,613 (-77.1%), from €15,067 to €3,454
- Current portion of long-term debt -€9,732
down €9,732 (-42.4%), from €22,929 to €13,198
- Gross operating margin -€132,910
down €132,910 (-87.5%), from €151,885 to €18,974
- Financial charges -€21,918
down €21,918 (-78.6%), from €27,882 to €5,964
- Taxes -€9,688
down €9,688 (-73.7%), from €13,143 to €3,454
- Financial income -€5,583
down €5,583 (-83.4%), from €6,693 to €1,110
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 | €573,903 | €624,767 | +€50,864 | +8.9% |
| Fixed assets | 21/28 | €445,789 | €445,024 | -€764 | -0.2% |
| Tangible fixed assets | 22/27 | €445,789 | €445,024 | -€764 | -0.2% |
| Land and buildings | 22 | €444,260 | €444,260 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,529 | €764 | -€764 | -50.0% |
| Current assets | 29/58 | €128,114 | €179,743 | +€51,629 | +40.3% |
| Amounts receivable within one year | 40/41 | €39,070 | €117,143 | +€78,073 | +200% |
| Trade receivables | 40 | €17,749 | €92,730 | +€74,981 | +422% |
| Other amounts receivable | 41 | €21,322 | €24,413 | +€3,092 | +14.5% |
| Cash at bank and in hand | 54/58 | €89,044 | €62,600 | -€26,444 | -29.7% |
| Total equity and liabilities | 10/49 | €573,903 | €624,767 | +€50,864 | +8.9% |
| Equity | 10/15 | €65,039 | €74,478 | +€9,439 | +14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,439 | €55,878 | +€9,439 | +20.3% |
| Amounts payable | 17/49 | €508,864 | €550,289 | +€41,425 | +8.1% |
| Amounts payable after more than one year | 17 | €220,246 | €207,752 | -€12,494 | -5.7% |
| Financial debts | 170/4 | €220,246 | €207,752 | -€12,494 | -5.7% |
| Amounts payable within one year | 42/48 | €288,618 | €342,537 | +€53,918 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €22,929 | €13,198 | -€9,732 | -42.4% |
| Trade debts | 44 | €26,962 | €64,854 | +€37,892 | +141% |
| Suppliers | 440/4 | €26,962 | €64,854 | +€37,892 | +141% |
| Advances received on contracts in progress | 46 | €0 | €37,171 | +€37,171 | |
| Taxes, remuneration and social security | 45 | €15,067 | €3,454 | -€11,613 | -77.1% |
| Taxes | 450/3 | €15,067 | €3,454 | -€11,613 | -77.1% |
| Other amounts payable | 47/48 | €223,660 | €223,860 | +€200 | +0.1% |
| Remuneration, social security and pensions | 62 | €305 | €0 | -€305 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €764 | €764 | = | 0.0% |
| Other operating charges | 640/8 | €1,283 | €462 | -€821 | -64.0% |
| Gross operating margin | 9900 | €151,885 | €18,974 | -€132,910 | -87.5% |
| Operating profit (loss) | 9901 | €149,532 | €17,748 | -€131,784 | -88.1% |
| Financial income | 75/76B | €6,693 | €1,110 | -€5,583 | -83.4% |
| Recurring financial income | 75 | €6,693 | €1,110 | -€5,583 | -83.4% |
| Financial charges | 65/66B | €27,882 | €5,964 | -€21,918 | -78.6% |
| Recurring financial charges | 65 | €27,882 | €5,964 | -€21,918 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €128,343 | €12,894 | -€115,449 | -90.0% |
| Income taxes | 67/77 | €13,143 | €3,454 | -€9,688 | -73.7% |
| Profit (loss) for the period | 9904 | €115,200 | €9,439 | -€105,761 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €115,200 | €9,439 | -€105,761 | -91.8% |
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 31 October 2026 via checked.be.