HOEVE DE RENNESSE: 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 RENNESSE
Largest movements
- Receivables within one year +€20,753
up €20,753 (+19.8%), from €104,929 to €125,682
of which Trade receivables: +€19,615
- Tangible fixed assets -€17,961
down €17,961 (-14.8%), from €121,414 to €103,453
of which Other tangible fixed assets: -€18,885
- Deferred charges and accrued income +€12,896
up €12,896, from €0 to €12,896
- Cash +€7,987
up €7,987 (+8.5%), from €93,761 to €101,748
mainly Net result for the year (+€55,359) and Trade debts (+€27,238)
- Trade debts +€27,238
up €27,238 (+200%), from €13,600 to €40,838
- Profit (loss) carried forward +€15,359
up €15,359 (+4,423%), from €347 to €15,706
- Tax, wage and social debts -€9,415
down €9,415 (-14.8%), from €63,436 to €54,021
of which Taxes: -€5,578
- Debts after one year -€8,830
down €8,830 (-10.3%), from €86,073 to €77,243
- Gross operating margin +€91,121
up €91,121 (+30.8%), from €295,739 to €386,859
- Staff costs +€20,501
up €20,501 (+7.8%), from €263,954 to €284,455
- Taxes +€15,823
new in 2025: €15,823
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 | €331,876 | €354,850 | +€22,974 | +6.9% |
| Fixed assets | 21/28 | €121,699 | €103,738 | -€17,961 | -14.8% |
| Tangible fixed assets | 22/27 | €121,414 | €103,453 | -€17,961 | -14.8% |
| Plant, machinery and equipment | 23 | €16,781 | €18,319 | +€1,538 | +9.2% |
| Furniture and vehicles | 24 | €1,589 | €974 | -€614 | -38.7% |
| Other tangible fixed assets | 26 | €103,044 | €84,159 | -€18,885 | -18.3% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €210,177 | €251,112 | +€40,936 | +19.5% |
| Stocks and contracts in progress | 3 | €11,487 | €10,786 | -€701 | -6.1% |
| Stocks | 30/36 | €11,487 | €10,786 | -€701 | -6.1% |
| Amounts receivable within one year | 40/41 | €104,929 | €125,682 | +€20,753 | +19.8% |
| Trade receivables | 40 | €17,864 | €37,480 | +€19,615 | +110% |
| Other amounts receivable | 41 | €87,065 | €88,202 | +€1,137 | +1.3% |
| Cash at bank and in hand | 54/58 | €93,761 | €101,748 | +€7,987 | +8.5% |
| Deferred charges and accrued income | 490/1 | €0 | €12,896 | +€12,896 | |
| Total equity and liabilities | 10/49 | €331,876 | €354,850 | +€22,974 | +6.9% |
| Equity | 10/15 | €107,826 | €123,185 | +€15,359 | +14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,879 | €88,879 | = | 0.0% |
| Distributable reserves | 133 | €88,879 | €88,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | €347 | €15,706 | +€15,359 | +4,423% |
| Amounts payable | 17/49 | €224,050 | €231,665 | +€7,615 | +3.4% |
| Amounts payable after more than one year | 17 | €86,073 | €77,243 | -€8,830 | -10.3% |
| Financial debts | 170/4 | €86,073 | €77,243 | -€8,830 | -10.3% |
| Amounts payable within one year | 42/48 | €130,068 | €146,513 | +€16,445 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €8,472 | €8,830 | +€358 | +4.2% |
| Trade debts | 44 | €13,600 | €40,838 | +€27,238 | +200% |
| Suppliers | 440/4 | €13,600 | €40,838 | +€27,238 | +200% |
| Advances received on contracts in progress | 46 | €1,500 | €0 | -€1,500 | -100% |
| Taxes, remuneration and social security | 45 | €63,436 | €54,021 | -€9,415 | -14.8% |
| Taxes | 450/3 | €21,301 | €15,723 | -€5,578 | -26.2% |
| Remuneration and social security | 454/9 | €42,135 | €38,298 | -€3,837 | -9.1% |
| Other amounts payable | 47/48 | €43,061 | €42,825 | -€236 | -0.5% |
| Accrued charges and deferred income | 492/3 | €7,909 | €7,909 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €263,954 | €284,455 | +€20,501 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,769 | €25,354 | +€2,585 | +11.4% |
| Other operating charges | 640/8 | €2,154 | €2,272 | +€118 | +5.5% |
| Gross operating margin | 9900 | €295,739 | €386,859 | +€91,121 | +30.8% |
| Operating profit (loss) | 9901 | €6,861 | €74,778 | +€67,917 | +990% |
| Financial income | 75/76B | €356 | €2,743 | +€2,387 | +671% |
| Recurring financial income | 75 | €356 | €2,743 | +€2,387 | +671% |
| Financial charges | 65/66B | €4,824 | €6,339 | +€1,515 | +31.4% |
| Recurring financial charges | 65 | €4,824 | €6,339 | +€1,515 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €2,393 | €71,182 | +€68,788 | +2,874% |
| Income taxes | 67/77 | - | €15,823 | +€15,823 | |
| Profit (loss) for the period | 9904 | €2,393 | €55,359 | +€52,966 | +2,213% |
| Profit (loss) for the period to be appropriated | 9905 | €2,393 | €55,359 | +€52,966 | +2,213% |
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 23 October 2026 via checked.be.