Hortusgroen: 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.
Hortusgroen
Largest movements
- Cash +€18,355
up €18,355 (+48.2%), from €38,094 to €56,449
mainly Depreciation (+€42,161) and Net result for the year (+€7,963)
- Reserves +€7,963
up €7,963 (+234%), from €3,410 to €11,373
- Debts after one year -€7,200
down €7,200 (-1.4%), from €509,538 to €502,338
- Other debts +€6,991
up €6,991 (+21.4%), from €32,708 to €39,699
- Gross operating margin +€9,006
up €9,006 (+12.5%), from €72,200 to €81,206
- Depreciation +€7,185
up €7,185 (+20.5%), from €34,976 to €42,161
- Staff costs -€1,283
down €1,283 (-10.4%), from €12,368 to €11,085
- Financial charges +€1,251
up €1,251 (+7.6%), from €16,500 to €17,751
- Other operating charges +€849
up €849 (+181%), from €470 to €1,319
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 | €579,347 | €593,559 | +€14,212 | +2.5% |
| Fixed assets | 21/28 | €528,021 | €524,007 | -€4,014 | -0.8% |
| Tangible fixed assets | 22/27 | €528,021 | €524,007 | -€4,014 | -0.8% |
| Land and buildings | 22 | €525,943 | €491,238 | -€34,705 | -6.6% |
| Furniture and vehicles | 24 | €2,078 | €32,768 | +€30,690 | +1,477% |
| Current assets | 29/58 | €51,326 | €69,552 | +€18,226 | +35.5% |
| Stocks and contracts in progress | 3 | €10,190 | €11,040 | +€850 | +8.3% |
| Stocks | 30/36 | €10,190 | €11,040 | +€850 | +8.3% |
| Amounts receivable within one year | 40/41 | €3,042 | €2,063 | -€979 | -32.2% |
| Trade receivables | 40 | €665 | €607 | -€58 | -8.8% |
| Other amounts receivable | 41 | €2,377 | €1,456 | -€921 | -38.7% |
| Cash at bank and in hand | 54/58 | €38,094 | €56,449 | +€18,355 | +48.2% |
| Total equity and liabilities | 10/49 | €579,347 | €593,559 | +€14,212 | +2.5% |
| Equity | 10/15 | €13,410 | €21,373 | +€7,963 | +59.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €3,410 | €11,373 | +€7,963 | +234% |
| Distributable reserves | 133 | €3,410 | €11,373 | +€7,963 | +234% |
| Amounts payable | 17/49 | €565,937 | €572,185 | +€6,248 | +1.1% |
| Amounts payable after more than one year | 17 | €509,538 | €502,338 | -€7,200 | -1.4% |
| Financial debts | 170/4 | €509,538 | €502,338 | -€7,200 | -1.4% |
| Amounts payable within one year | 42/48 | €56,399 | €68,706 | +€12,307 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €7,200 | €7,200 | = | 0.0% |
| Trade debts | 44 | €7,280 | €9,376 | +€2,096 | +28.8% |
| Suppliers | 440/4 | €7,280 | €9,376 | +€2,096 | +28.8% |
| Taxes, remuneration and social security | 45 | €9,211 | €12,431 | +€3,220 | +35.0% |
| Taxes | 450/3 | €7,680 | €11,030 | +€3,350 | +43.6% |
| Remuneration and social security | 454/9 | €1,531 | €1,401 | -€130 | -8.5% |
| Other amounts payable | 47/48 | €32,708 | €39,699 | +€6,991 | +21.4% |
| Accrued charges and deferred income | 492/3 | - | €1,141 | +€1,141 | |
| Remuneration, social security and pensions | 62 | €12,368 | €11,085 | -€1,283 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,976 | €42,161 | +€7,185 | +20.5% |
| Other operating charges | 640/8 | €470 | €1,319 | +€849 | +181% |
| Gross operating margin | 9900 | €72,200 | €81,206 | +€9,006 | +12.5% |
| Operating profit (loss) | 9901 | €24,386 | €26,641 | +€2,255 | +9.2% |
| Financial income | 75/76B | €176 | €337 | +€161 | +91.5% |
| Recurring financial income | 75 | €176 | €337 | +€161 | +91.5% |
| Financial charges | 65/66B | €16,500 | €17,751 | +€1,251 | +7.6% |
| Recurring financial charges | 65 | €16,500 | €17,751 | +€1,251 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €8,062 | €9,227 | +€1,165 | +14.4% |
| Income taxes | 67/77 | €1,515 | €1,264 | -€251 | -16.6% |
| Profit (loss) for the period | 9904 | €6,547 | €7,963 | +€1,416 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,547 | €7,963 | +€1,416 | +21.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.