HORTA LANAKEN: what changed
What changed
HORTA LANAKEN
NACE 47.761, Retail sale of flowers, plants, seeds and fertilisers
filed annual accounts (NBB)
Net result for the year
€44,290
2024 · €61,100-€16,811
Equity
€154,322
2024 · €110,032+€44,290
Cash
€136,341
2024 · €115,229+€21,112
Balance sheet total
€2.1m
2024 · €2.1m-€36,971
Largest movements
Assets
- Tangible fixed assets -€69,524
down €69,524 (-6.1%), from €1.1m to €1.1m
of which Land and buildings: -€60,582
- Cash +€21,112
up €21,112 (+18.3%), from €115,229 to €136,341
mainly Depreciation (+€79,794) and Net result for the year (+€44,290)
Equity and liabilities
- Debts after one year -€116,062
down €116,062 (-8.7%), from €1.3m to €1.2m
- Profit (loss) carried forward +€44,290
up €44,290 (+7.0%), from -€629,968 to -€585,678
- Trade debts +€23,643
up €23,643 (+13.8%), from €171,657 to €195,300
Income statement
- Staff costs +€44,452
up €44,452 (+11.5%), from €385,882 to €430,334
- Gross operating margin +€20,789
up €20,789 (+3.3%), from €620,660 to €641,449
- Financial charges -€10,580
down €10,580 (-13.6%), from €78,012 to €67,433
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€61,100
Gross operating margin
+€20,789
Staff costs
-€44,452
Depreciation
-€693
Other operating charges
-€3,633
Financial income
+€569
Financial charges
+€10,580
Taxes
+€30
Result 2025
€44,290
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€142,722
Investment
-€10,270
Financing
-€111,340
Cash 2024
€115,229
From operations (derived)
+€142,722
Net result for the year
+€44,290
Depreciation
+€79,794
Stocks and contracts
+€5,861
Receivables within one year
-€17,122
Deferred charges and accrued income
-€179
Trade debts
+€23,643
Tax, wage and social debts
+€1,740
Other debts
-€2,630
Accrued charges and deferred income
+€7,326
Investment (derived)
-€10,270
Investment in fixed assets (net)
-€10,270
Financing
-€111,340
Debts after one year
-€116,062
Current portion of long-term debt
+€4,722
Cash 2025
€136,341
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,087,333 | €2,050,362 | -€36,971 | -1.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,132,389 | €1,062,865 | -€69,524 | -6.1% |
| Tangible fixed assets | 22/27 | €1,132,264 | €1,062,740 | -€69,524 | -6.1% |
| Land and buildings | 22 | €1,066,846 | €1,006,263 | -€60,582 | -5.7% |
| Plant, machinery and equipment | 23 | €49,193 | €45,032 | -€4,160 | -8.5% |
| Furniture and vehicles | 24 | €16,226 | €11,444 | -€4,782 | -29.5% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €954,945 | €987,497 | +€32,552 | +3.4% |
| Stocks and contracts in progress | 3 | €707,310 | €701,449 | -€5,861 | -0.8% |
| Stocks | 30/36 | €707,310 | €701,449 | -€5,861 | -0.8% |
| Amounts receivable within one year | 40/41 | €126,787 | €143,909 | +€17,122 | +13.5% |
| Trade receivables | 40 | €65,761 | €78,626 | +€12,866 | +19.6% |
| Other amounts receivable | 41 | €61,026 | €65,282 | +€4,256 | +7.0% |
| Cash at bank and in hand | 54/58 | €115,229 | €136,341 | +€21,112 | +18.3% |
| Deferred charges and accrued income | 490/1 | €5,619 | €5,798 | +€179 | +3.2% |
| Total equity and liabilities | 10/49 | €2,087,333 | €2,050,362 | -€36,971 | -1.8% |
| Equity | 10/15 | €110,032 | €154,322 | +€44,290 | +40.3% |
| Contributions | 10/11 | €740,000 | €740,000 | = | 0.0% |
| Capital | 10 | €740,000 | €740,000 | = | 0.0% |
| Issued capital | 100 | €740,000 | €740,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€629,968 | -€585,678 | +€44,290 | +7.0% |
| Amounts payable | 17/49 | €1,977,302 | €1,896,041 | -€81,261 | -4.1% |
| Amounts payable after more than one year | 17 | €1,333,360 | €1,217,298 | -€116,062 | -8.7% |
| Financial debts | 170/4 | €1,333,360 | €1,217,298 | -€116,062 | -8.7% |
| Amounts payable within one year | 42/48 | €641,258 | €668,733 | +€27,475 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €111,340 | €116,062 | +€4,722 | +4.2% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €171,657 | €195,300 | +€23,643 | +13.8% |
| Suppliers | 440/4 | €171,657 | €195,300 | +€23,643 | +13.8% |
| Taxes, remuneration and social security | 45 | €66,123 | €67,863 | +€1,740 | +2.6% |
| Taxes | 450/3 | €19,044 | €18,523 | -€520 | -2.7% |
| Remuneration and social security | 454/9 | €47,079 | €49,340 | +€2,260 | +4.8% |
| Other amounts payable | 47/48 | €42,138 | €39,508 | -€2,630 | -6.2% |
| Accrued charges and deferred income | 492/3 | €2,683 | €10,010 | +€7,326 | +273% |
| Remuneration, social security and pensions | 62 | €385,882 | €430,334 | +€44,452 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,101 | €79,794 | +€693 | +0.9% |
| Other operating charges | 640/8 | €16,408 | €20,041 | +€3,633 | +22.1% |
| Gross operating margin | 9900 | €620,660 | €641,449 | +€20,789 | +3.3% |
| Operating profit (loss) | 9901 | €139,270 | €111,280 | -€27,989 | -20.1% |
| Financial income | 75/76B | €224 | €793 | +€569 | +253% |
| Recurring financial income | 75 | €224 | €793 | +€569 | +253% |
| Financial charges | 65/66B | €78,012 | €67,433 | -€10,580 | -13.6% |
| Recurring financial charges | 65 | €78,012 | €67,433 | -€10,580 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €61,482 | €44,641 | -€16,841 | -27.4% |
| Income taxes | 67/77 | €382 | €351 | -€30 | -7.9% |
| Profit (loss) for the period | 9904 | €61,100 | €44,290 | -€16,811 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,100 | €44,290 | -€16,811 | -27.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.