Hoeve Mandeldaele: 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 Mandeldaele
Largest movements
- Cash -€19,506
down €19,506 (-69.2%), from €28,188 to €8,682
mainly Net result for the year (-€22,022) and Trade debts (-€15,900)
- Tangible fixed assets -€14,516
down €14,516 (-22.1%), from €65,705 to €51,189
of which Plant, machinery and equipment: -€12,832
- Receivables within one year -€13,902
down €13,902 (-59.3%), from €23,457 to €9,554
of which Trade receivables: -€13,356
- Deferred charges and accrued income +€3,250
up €3,250 (+19.6%), from €16,594 to €19,844
- Stocks and contracts +€2,394
up €2,394 (+19.2%), from €12,496 to €14,890
- Reserves -€16,238
down €16,238 (-100%), from €16,238 to €0
- Trade debts -€15,900
down €15,900 (-16.9%), from €94,121 to €78,221
- Debts after one year -€10,700
down €10,700 (-41.3%), from €25,883 to €15,183
- Current portion of long-term debt +€9,221
up €9,221 (+86.6%), from €10,645 to €19,866
- Profit (loss) carried forward -€5,785
new in 2024: -€5,785
- Gross operating margin -€31,166
down €31,166 (-22.8%), from €136,986 to €105,820
- Depreciation -€5,191
down €5,191 (-26.3%), from €19,707 to €14,516
- Staff costs +€5,154
up €5,154 (+5.2%), from €99,173 to €104,327
- Other operating charges +€3,967
up €3,967 (+284%), from €1,395 to €5,362
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,440 | €139,159 | -€42,280 | -23.3% |
| Fixed assets | 21/28 | €65,705 | €51,189 | -€14,516 | -22.1% |
| Tangible fixed assets | 22/27 | €65,705 | €51,189 | -€14,516 | -22.1% |
| Land and buildings | 22 | €24,137 | €22,454 | -€1,684 | -7.0% |
| Plant, machinery and equipment | 23 | €41,567 | €28,735 | -€12,832 | -30.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €115,735 | €87,971 | -€27,764 | -24.0% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €12,496 | €14,890 | +€2,394 | +19.2% |
| Stocks | 30/36 | €12,496 | €14,890 | +€2,394 | +19.2% |
| Amounts receivable within one year | 40/41 | €23,457 | €9,554 | -€13,902 | -59.3% |
| Trade receivables | 40 | €22,910 | €9,554 | -€13,356 | -58.3% |
| Other amounts receivable | 41 | €547 | €0 | -€547 | -100% |
| Cash at bank and in hand | 54/58 | €28,188 | €8,682 | -€19,506 | -69.2% |
| Deferred charges and accrued income | 490/1 | €16,594 | €19,844 | +€3,250 | +19.6% |
| Total equity and liabilities | 10/49 | €181,440 | €139,159 | -€42,280 | -23.3% |
| Equity | 10/15 | €22,538 | €515 | -€22,022 | -97.7% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €16,238 | €0 | -€16,238 | -100% |
| Distributable reserves | 133 | €16,238 | €0 | -€16,238 | -100% |
| Profit (loss) carried forward | 14 | - | -€5,785 | -€5,785 | |
| Amounts payable | 17/49 | €158,902 | €138,644 | -€20,258 | -12.7% |
| Amounts payable after more than one year | 17 | €25,883 | €15,183 | -€10,700 | -41.3% |
| Financial debts | 170/4 | €25,883 | €15,183 | -€10,700 | -41.3% |
| Amounts payable within one year | 42/48 | €133,019 | €123,461 | -€9,558 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €10,645 | €19,866 | +€9,221 | +86.6% |
| Trade debts | 44 | €94,121 | €78,221 | -€15,900 | -16.9% |
| Suppliers | 440/4 | €94,121 | €78,221 | -€15,900 | -16.9% |
| Taxes, remuneration and social security | 45 | €19,157 | €17,977 | -€1,180 | -6.2% |
| Taxes | 450/3 | €1,936 | €2,684 | +€749 | +38.7% |
| Remuneration and social security | 454/9 | €17,222 | €15,293 | -€1,929 | -11.2% |
| Other amounts payable | 47/48 | €9,096 | €7,397 | -€1,699 | -18.7% |
| Remuneration, social security and pensions | 62 | €99,173 | €104,327 | +€5,154 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,707 | €14,516 | -€5,191 | -26.3% |
| Other operating charges | 640/8 | €1,395 | €5,362 | +€3,967 | +284% |
| Gross operating margin | 9900 | €136,986 | €105,820 | -€31,166 | -22.8% |
| Operating profit (loss) | 9901 | €16,711 | -€18,385 | -€35,096 | |
| Financial income | 75/76B | €101 | €287 | +€186 | +183% |
| Recurring financial income | 75 | €101 | €287 | +€186 | +183% |
| Financial charges | 65/66B | €4,053 | €3,924 | -€128 | -3.2% |
| Recurring financial charges | 65 | €4,053 | €3,924 | -€128 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €12,760 | -€22,022 | -€34,782 | |
| Profit (loss) for the period | 9904 | €12,760 | -€22,022 | -€34,782 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,760 | -€22,022 | -€34,782 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.