HOEVE H: 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 H
Largest movements
- Tangible fixed assets -€46,533
down €46,533 (-9.1%), from €509,132 to €462,599
of which Land and buildings: -€31,787
- Cash +€22,234
up €22,234 (+67.9%), from €32,768 to €55,002
mainly Depreciation (+€55,675) and Accrued charges and deferred income (+€4,991)
- Profit (loss) carried forward -€14,917
down €14,917 (-11.5%), from -€129,450 to -€144,367
- Debts after one year -€8,790
down €8,790 (-1.8%), from €478,065 to €469,275
- Depreciation +€1,327
up €1,327 (+2.4%), from €54,348 to €55,675
- Gross operating margin +€525
up €525 (+1.2%), from €45,254 to €45,779
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 | €548,223 | €524,291 | -€23,932 | -4.4% |
| Fixed assets | 21/28 | €509,132 | €462,599 | -€46,533 | -9.1% |
| Tangible fixed assets | 22/27 | €509,132 | €462,599 | -€46,533 | -9.1% |
| Land and buildings | 22 | €342,909 | €311,122 | -€31,787 | -9.3% |
| Plant, machinery and equipment | 23 | €154,449 | €142,122 | -€12,328 | -8.0% |
| Furniture and vehicles | 24 | €11,774 | €9,356 | -€2,418 | -20.5% |
| Current assets | 29/58 | €39,091 | €61,691 | +€22,601 | +57.8% |
| Stocks and contracts in progress | 3 | €1,692 | €2,051 | +€359 | +21.2% |
| Stocks | 30/36 | €1,692 | €2,051 | +€359 | +21.2% |
| Amounts receivable within one year | 40/41 | €1,565 | €2,286 | +€721 | +46.1% |
| Trade receivables | 40 | €635 | €1,650 | +€1,015 | +160% |
| Other amounts receivable | 41 | €930 | €636 | -€294 | -31.6% |
| Cash at bank and in hand | 54/58 | €32,768 | €55,002 | +€22,234 | +67.9% |
| Deferred charges and accrued income | 490/1 | €3,066 | €2,353 | -€713 | -23.3% |
| Total equity and liabilities | 10/49 | €548,223 | €524,291 | -€23,932 | -4.4% |
| Equity | 10/15 | -€79,450 | -€94,367 | -€14,917 | -18.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,450 | -€144,367 | -€14,917 | -11.5% |
| Amounts payable | 17/49 | €627,673 | €618,658 | -€9,016 | -1.4% |
| Amounts payable after more than one year | 17 | €478,065 | €469,275 | -€8,790 | -1.8% |
| Financial debts | 170/4 | €478,065 | €469,275 | -€8,790 | -1.8% |
| Amounts payable within one year | 42/48 | €149,585 | €144,369 | -€5,216 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €8,659 | €8,790 | +€131 | +1.5% |
| Trade debts | 44 | €7,030 | €2,972 | -€4,058 | -57.7% |
| Suppliers | 440/4 | €7,030 | €2,972 | -€4,058 | -57.7% |
| Advances received on contracts in progress | 46 | €6,491 | €4,410 | -€2,081 | -32.1% |
| Taxes, remuneration and social security | 45 | - | €2 | +€2 | |
| Taxes | 450/3 | - | €2 | +€2 | |
| Other amounts payable | 47/48 | €127,406 | €128,196 | +€790 | +0.6% |
| Accrued charges and deferred income | 492/3 | €23 | €5,013 | +€4,991 | +21,783% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,348 | €55,675 | +€1,327 | +2.4% |
| Other operating charges | 640/8 | €3,478 | €3,505 | +€27 | +0.8% |
| Gross operating margin | 9900 | €45,254 | €45,779 | +€525 | +1.2% |
| Operating profit (loss) | 9901 | -€12,572 | -€13,401 | -€829 | -6.6% |
| Financial income | 75/76B | €0 | €61 | +€61 | +203,467% |
| Recurring financial income | 75 | €0 | €61 | +€61 | +203,467% |
| Financial charges | 65/66B | €1,887 | €1,577 | -€310 | -16.4% |
| Recurring financial charges | 65 | €1,887 | €1,577 | -€310 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,459 | -€14,917 | -€458 | -3.2% |
| Profit (loss) for the period | 9904 | -€14,459 | -€14,917 | -€458 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,459 | -€14,917 | -€458 | -3.2% |
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.