HORTIGROW: what changed
Two fiscal 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.
HORTIGROW
Largest movements
- Receivables within one year -€6,214
down €6,214 (-5.1%), from €121,699 to €115,486
of which Other amounts receivable: -€9,911
- Tax, wage and social debts -€3,291
down €3,291 (-100.0%), from €3,291 to €0
- Trade debts -€1,430
down €1,430 (-30.6%), from €4,678 to €3,248
- Gross operating margin -€7,068
down €7,068, from €3,637 to -€3,431
- Taxes -€2,094
down €2,094 (-100.0%), from €2,094 to €0
- Financial charges +€221
up €221 (+70.3%), from €315 to €536
- Financial income +€168
up €168 (+4.8%), from €3,503 to €3,670
of which Financial income: +€168
- Other operating charges +€102
up €102 (+15.8%), from €647 to €749
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.
Cash bridge derived
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 | €125,202 | €119,156 | -€6,046 | -4.8% |
| Current assets | 29/58 | €125,202 | €119,156 | -€6,046 | -4.8% |
| Amounts receivable within one year | 40/41 | €121,699 | €115,486 | -€6,214 | -5.1% |
| Trade receivables | 40 | €4,503 | €8,200 | +€3,697 | +82.1% |
| Other amounts receivable | 41 | €117,196 | €107,286 | -€9,911 | -8.5% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €3,503 | €3,670 | +€168 | +4.8% |
| Total equity and liabilities | 10/49 | €125,202 | €119,156 | -€6,046 | -4.8% |
| Equity | 10/15 | €113,106 | €112,060 | -€1,046 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,506 | €93,460 | -€1,046 | -1.1% |
| Non-distributable reserves | 130/1 | €9,176 | €9,176 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,176 | €9,176 | = | 0.0% |
| Distributable reserves | 133 | €85,330 | €84,284 | -€1,046 | -1.2% |
| Amounts payable | 17/49 | €12,095 | €7,095 | -€5,000 | -41.3% |
| Amounts payable within one year | 42/48 | €12,095 | €7,095 | -€5,000 | -41.3% |
| Financial debts | 43 | €4,126 | €3,847 | -€278 | -6.7% |
| Credit institutions | 430/8 | €4,126 | €3,847 | -€278 | -6.7% |
| Trade debts | 44 | €4,678 | €3,248 | -€1,430 | -30.6% |
| Suppliers | 440/4 | €4,678 | €3,248 | -€1,430 | -30.6% |
| Taxes, remuneration and social security | 45 | €3,291 | €0 | -€3,291 | -100.0% |
| Taxes | 450/3 | €3,291 | €0 | -€3,291 | -100.0% |
| Other operating charges | 640/8 | €647 | €749 | +€102 | +15.8% |
| Gross operating margin | 9900 | €3,637 | -€3,431 | -€7,068 | |
| Operating profit (loss) | 9901 | €2,990 | -€4,180 | -€7,170 | |
| Financial income | 75/76B | €3,503 | €3,670 | +€168 | +4.8% |
| Recurring financial income | 75 | €3,503 | €3,670 | +€168 | +4.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €315 | €536 | +€221 | +70.3% |
| Recurring financial charges | 65 | €315 | €536 | +€221 | +70.3% |
| Profit (loss) for the period before taxes | 9903 | €6,178 | -€1,046 | -€7,224 | |
| Income taxes | 67/77 | €2,094 | €0 | -€2,094 | -100.0% |
| Profit (loss) for the period | 9904 | €4,084 | -€1,046 | -€5,130 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,084 | -€1,046 | -€5,130 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.