HOMELANDS: 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.
HOMELANDS
Largest movements
- Financial fixed assets -€50,000
down €50,000 (-46.2%), from €108,176 to €58,176
- Receivables after one year +€50,000
up €50,000 (+100%), from €50,000 to €100,000
- Tangible fixed assets -€19,548
down €19,548 (-7.4%), from €264,900 to €245,352
of which Land and buildings: -€18,519
- Receivables within one year -€17,729
down €17,729 (-71.0%), from €24,985 to €7,256
- Cash -€5,722
down €5,722 (-30.5%), from €18,754 to €13,033
mainly Other debts (-€79,789) and Receivables after one year (-€50,000)
- Other debts -€79,789
down €79,789 (-43.7%), from €182,774 to €102,985
- Profit (loss) carried forward +€46,845
up €46,845 (+84.1%), from -€55,713 to -€8,868
- Debts after one year -€10,999
down €10,999 (-8.0%), from €137,737 to €126,738
- Tax, wage and social debts +€5,210
up €5,210 (+92.9%), from €5,606 to €10,816
of which Taxes: +€4,710
- Gross operating margin +€61,802
up €61,802 (+578%), from €10,697 to €72,499
- Taxes +€5,908
new in 2026: €5,908
- Depreciation -€803
down €803 (-3.9%), from €20,351 to €19,548
- Financial charges -€788
down €788 (-40.2%), from €1,962 to €1,174
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €466,815 | €423,817 | -€42,998 | -9.2% |
| Fixed assets | 21/28 | €373,076 | €303,528 | -€69,548 | -18.6% |
| Tangible fixed assets | 22/27 | €264,900 | €245,352 | -€19,548 | -7.4% |
| Land and buildings | 22 | €263,474 | €244,955 | -€18,519 | -7.0% |
| Plant, machinery and equipment | 23 | €784 | €397 | -€386 | -49.3% |
| Furniture and vehicles | 24 | €643 | - | -€643 | |
| Financial fixed assets | 28 | €108,176 | €58,176 | -€50,000 | -46.2% |
| Current assets | 29/58 | €93,739 | €120,289 | +€26,550 | +28.3% |
| Amounts receivable after more than one year | 29 | €50,000 | €100,000 | +€50,000 | +100% |
| Other amounts receivable | 291 | €50,000 | €100,000 | +€50,000 | +100% |
| Amounts receivable within one year | 40/41 | €24,985 | €7,256 | -€17,729 | -71.0% |
| Trade receivables | 40 | €24,985 | €7,256 | -€17,729 | -71.0% |
| Cash at bank and in hand | 54/58 | €18,754 | €13,033 | -€5,722 | -30.5% |
| Total equity and liabilities | 10/49 | €466,815 | €423,817 | -€42,998 | -9.2% |
| Equity | 10/15 | €109,507 | €153,787 | +€44,280 | +40.4% |
| Contributions | 10/11 | €103,600 | €103,600 | = | 0.0% |
| Reserves | 13 | €61,620 | €59,055 | -€2,565 | -4.2% |
| Tax-exempt reserves | 132 | €33,341 | €30,777 | -€2,565 | -7.7% |
| Distributable reserves | 133 | €28,278 | €28,278 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,713 | -€8,868 | +€46,845 | +84.1% |
| Provisions and deferred taxes | 16 | €14,289 | €13,190 | -€1,099 | -7.7% |
| Deferred taxes | 168 | €14,289 | €13,190 | -€1,099 | -7.7% |
| Amounts payable | 17/49 | €343,019 | €256,840 | -€86,179 | -25.1% |
| Amounts payable after more than one year | 17 | €137,737 | €126,738 | -€10,999 | -8.0% |
| Financial debts | 170/4 | €137,737 | €126,738 | -€10,999 | -8.0% |
| Amounts payable within one year | 42/48 | €201,345 | €130,102 | -€71,243 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €10,233 | €10,999 | +€766 | +7.5% |
| Trade debts | 44 | €2,731 | €5,302 | +€2,570 | +94.1% |
| Suppliers | 440/4 | €2,731 | €5,302 | +€2,570 | +94.1% |
| Taxes, remuneration and social security | 45 | €5,606 | €10,816 | +€5,210 | +92.9% |
| Taxes | 450/3 | €5,606 | €10,316 | +€4,710 | +84.0% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €182,774 | €102,985 | -€79,789 | -43.7% |
| Accrued charges and deferred income | 492/3 | €3,938 | - | -€3,938 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,351 | €19,548 | -€803 | -3.9% |
| Other operating charges | 640/8 | €2,633 | €2,707 | +€74 | +2.8% |
| Gross operating margin | 9900 | €10,697 | €72,499 | +€61,802 | +578% |
| Operating profit (loss) | 9901 | -€12,288 | €50,244 | +€62,532 | |
| Financial income | 75/76B | €9 | €18 | +€9 | +105% |
| Recurring financial income | 75 | €9 | €18 | +€9 | +105% |
| Financial charges | 65/66B | €1,962 | €1,174 | -€788 | -40.2% |
| Recurring financial charges | 65 | €1,962 | €1,174 | -€788 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,241 | €49,088 | +€63,329 | |
| Transfer from deferred taxes | 780 | €1,099 | €1,099 | = | 0.0% |
| Income taxes | 67/77 | - | €5,908 | +€5,908 | |
| Profit (loss) for the period | 9904 | -€13,141 | €44,280 | +€57,421 | |
| Transfer from tax-exempt reserves | 789 | €2,565 | €2,565 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,577 | €46,845 | +€57,421 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.