HOEVE TEN DOELE: 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 TEN DOELE
Largest movements
- Cash +€42,363
up €42,363 (+106%), from €39,897 to €82,260
mainly Advances received (+€36,007) and Net result for the year (+€23,063)
- Tangible fixed assets -€9,260
down €9,260 (-21.2%), from €43,612 to €34,352
of which Plant, machinery and equipment: -€9,260
- Advances received +€36,007
up €36,007 (+272%), from €13,255 to €49,262
- Current portion of long-term debt -€31,619
no longer reported in 2025 (was €31,619)
- Profit (loss) carried forward +€23,062
up €23,062 (+145%), from €15,954 to €39,016
- Tax, wage and social debts +€15,507
up €15,507 (+84.3%), from €18,403 to €33,910
of which Taxes: +€12,405
- Trade debts -€5,643
down €5,643 (-15.2%), from €37,149 to €31,506
- Depreciation -€55,153
down €55,153 (-78.1%), from €70,575 to €15,422
- Staff costs -€49,110
down €49,110 (-10.9%), from €448,731 to €399,621
- Gross operating margin -€35,868
down €35,868 (-7.2%), from €499,011 to €463,143
- Taxes +€6,722
up €6,722 (+831%), from €809 to €7,531
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 | €169,033 | €206,348 | +€37,315 | +22.1% |
| Fixed assets | 21/28 | €43,612 | €34,352 | -€9,260 | -21.2% |
| Tangible fixed assets | 22/27 | €43,612 | €34,352 | -€9,260 | -21.2% |
| Plant, machinery and equipment | 23 | €43,612 | €34,352 | -€9,260 | -21.2% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €125,421 | €171,996 | +€46,575 | +37.1% |
| Stocks and contracts in progress | 3 | €81,455 | €83,500 | +€2,045 | +2.5% |
| Stocks | 30/36 | €81,455 | €83,500 | +€2,045 | +2.5% |
| Amounts receivable within one year | 40/41 | €2,796 | €4,781 | +€1,985 | +71.0% |
| Other amounts receivable | 41 | €2,796 | €4,781 | +€1,985 | +71.0% |
| Cash at bank and in hand | 54/58 | €39,897 | €82,260 | +€42,363 | +106% |
| Deferred charges and accrued income | 490/1 | €1,273 | €1,455 | +€182 | +14.3% |
| Total equity and liabilities | 10/49 | €169,033 | €206,348 | +€37,315 | +22.1% |
| Equity | 10/15 | €34,554 | €57,616 | +€23,062 | +66.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,954 | €39,016 | +€23,062 | +145% |
| Amounts payable | 17/49 | €134,479 | €148,732 | +€14,253 | +10.6% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €109,479 | €123,732 | +€14,253 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €31,619 | - | -€31,619 | |
| Trade debts | 44 | €37,149 | €31,506 | -€5,643 | -15.2% |
| Suppliers | 440/4 | €37,149 | €31,506 | -€5,643 | -15.2% |
| Advances received on contracts in progress | 46 | €13,255 | €49,262 | +€36,007 | +272% |
| Taxes, remuneration and social security | 45 | €18,403 | €33,910 | +€15,507 | +84.3% |
| Taxes | 450/3 | €15,723 | €28,128 | +€12,405 | +78.9% |
| Remuneration and social security | 454/9 | €2,680 | €5,782 | +€3,102 | +116% |
| Other amounts payable | 47/48 | €9,053 | €9,053 | +€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €448,731 | €399,621 | -€49,110 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,575 | €15,422 | -€55,153 | -78.1% |
| Other operating charges | 640/8 | €7,558 | €7,803 | +€245 | +3.2% |
| Gross operating margin | 9900 | €499,011 | €463,143 | -€35,868 | -7.2% |
| Operating profit (loss) | 9901 | -€27,853 | €40,296 | +€68,149 | |
| Financial income | 75/76B | €34 | €25 | -€9 | -25.9% |
| Recurring financial income | 75 | €34 | €25 | -€9 | -25.9% |
| Financial charges | 65/66B | €11,121 | €9,728 | -€1,393 | -12.5% |
| Recurring financial charges | 65 | €11,121 | €9,728 | -€1,393 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€38,940 | €30,593 | +€69,533 | |
| Transfer from deferred taxes | 780 | €13,686 | - | -€13,686 | |
| Income taxes | 67/77 | €809 | €7,531 | +€6,722 | +831% |
| Profit (loss) for the period | 9904 | -€26,063 | €23,063 | +€49,126 | |
| Transfer from tax-exempt reserves | 789 | €26,568 | - | -€26,568 | |
| Profit (loss) for the period to be appropriated | 9905 | €505 | €23,063 | +€22,558 | +4,467% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.