HUNTING DEMASURE AVELGEM: what changed
What changed
HUNTING DEMASURE AVELGEM
NACE 47.639, Retail sale of other sporting goods
filed annual accounts (NBB)
Net result for the year
€41,113
2024 · €12,277+€28,836
Equity
€613,157
2024 · €572,044+€41,113
Cash
€60,125
2024 · €27,472+€32,653
Balance sheet total
€1.6m
2024 · €1.5m+€37,833
Largest movements
Assets
- Cash +€32,653
up €32,653 (+119%), from €27,472 to €60,125
mainly Net result for the year (+€41,113) and Depreciation (+€32,571)
Equity and liabilities
- Profit (loss) carried forward +€41,113
up €41,113 (+20.8%), from -€197,956 to -€156,843
- Debts after one year -€26,648
down €26,648 (-3.7%), from €719,002 to €692,354
of which Financial debts: -€30,994
- Trade debts +€22,701
up €22,701 (+50.3%), from €45,159 to €67,860
Income statement
- Gross operating margin +€46,143
up €46,143 (+36.5%), from €126,345 to €172,488
- Depreciation +€22,170
up €22,170 (+213%), from €10,401 to €32,571
- Financial charges -€5,054
down €5,054 (-42.8%), from €11,795 to €6,741
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
€12,277
Gross operating margin
+€46,143
Staff costs
+€302
Depreciation
-€22,170
Other operating charges
-€658
Financial income
+€165
Financial charges
+€5,054
Result 2025
€41,113
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
+€74,422
Investment
-€31,040
Financing
-€10,729
Cash 2024
€27,472
From operations (derived)
+€74,422
Net result for the year
+€41,113
Depreciation
+€32,571
Stocks and contracts
-€3,380
Receivables within one year
-€4,104
Deferred charges and accrued income
+€773
Trade debts
+€22,701
Tax, wage and social debts
-€15,252
Investment (derived)
-€31,040
Investment in fixed assets (net)
-€31,040
Financing
-€10,729
Debts after one year
-€26,648
Current portion of long-term debt
+€919
Short-term financial debts
+€15,000
Cash 2025
€60,125
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,524,914 | €1,562,747 | +€37,833 | +2.5% |
| Fixed assets | 21/28 | €630,238 | €628,707 | -€1,531 | -0.2% |
| Intangible fixed assets | 21 | €7,856 | €7,464 | -€392 | -5.0% |
| Tangible fixed assets | 22/27 | €622,382 | €621,243 | -€1,139 | -0.2% |
| Land and buildings | 22 | €617,642 | €617,502 | -€140 | 0.0% |
| Plant, machinery and equipment | 23 | €1,699 | €722 | -€977 | -57.5% |
| Furniture and vehicles | 24 | €3,041 | €3,019 | -€22 | -0.7% |
| Current assets | 29/58 | €894,676 | €934,040 | +€39,364 | +4.4% |
| Stocks and contracts in progress | 3 | €808,293 | €811,673 | +€3,380 | +0.4% |
| Stocks | 30/36 | €808,293 | €811,673 | +€3,380 | +0.4% |
| Amounts receivable within one year | 40/41 | €58,138 | €62,242 | +€4,104 | +7.1% |
| Trade receivables | 40 | €5,224 | €777 | -€4,447 | -85.1% |
| Other amounts receivable | 41 | €52,914 | €61,465 | +€8,551 | +16.2% |
| Cash at bank and in hand | 54/58 | €27,472 | €60,125 | +€32,653 | +119% |
| Deferred charges and accrued income | 490/1 | €773 | - | -€773 | |
| Total equity and liabilities | 10/49 | €1,524,914 | €1,562,747 | +€37,833 | +2.5% |
| Equity | 10/15 | €572,044 | €613,157 | +€41,113 | +7.2% |
| Contributions | 10/11 | €770,000 | €770,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,956 | -€156,843 | +€41,113 | +20.8% |
| Amounts payable | 17/49 | €952,870 | €949,590 | -€3,280 | -0.3% |
| Amounts payable after more than one year | 17 | €719,002 | €692,354 | -€26,648 | -3.7% |
| Financial debts | 170/4 | €56,689 | €25,695 | -€30,994 | -54.7% |
| Other amounts payable | 178/9 | €662,313 | €666,659 | +€4,346 | +0.7% |
| Amounts payable within one year | 42/48 | €233,868 | €257,236 | +€23,368 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €43,075 | €43,994 | +€919 | +2.1% |
| Financial debts | 43 | €85,000 | €100,000 | +€15,000 | +17.6% |
| Credit institutions | 430/8 | €85,000 | €100,000 | +€15,000 | +17.6% |
| Trade debts | 44 | €45,159 | €67,860 | +€22,701 | +50.3% |
| Suppliers | 440/4 | €45,159 | €67,860 | +€22,701 | +50.3% |
| Taxes, remuneration and social security | 45 | €60,634 | €45,382 | -€15,252 | -25.2% |
| Taxes | 450/3 | €45,896 | €30,333 | -€15,563 | -33.9% |
| Remuneration and social security | 454/9 | €14,738 | €15,049 | +€311 | +2.1% |
| Non-recurring operating income | 76A | - | €29,004 | +€29,004 | |
| Remuneration, social security and pensions | 62 | €83,487 | €83,185 | -€302 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,401 | €32,571 | +€22,170 | +213% |
| Other operating charges | 640/8 | €8,746 | €9,404 | +€658 | +7.5% |
| Gross operating margin | 9900 | €126,345 | €172,488 | +€46,143 | +36.5% |
| Operating profit (loss) | 9901 | €23,711 | €47,328 | +€23,617 | +99.6% |
| Financial income | 75/76B | €361 | €526 | +€165 | +45.7% |
| Recurring financial income | 75 | €361 | €526 | +€165 | +45.7% |
| Financial charges | 65/66B | €11,795 | €6,741 | -€5,054 | -42.8% |
| Recurring financial charges | 65 | €11,795 | €6,741 | -€5,054 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €12,277 | €41,113 | +€28,836 | +235% |
| Profit (loss) for the period | 9904 | €12,277 | €41,113 | +€28,836 | +235% |
| Profit (loss) for the period to be appropriated | 9905 | €12,277 | €41,113 | +€28,836 | +235% |
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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 5 November 2026 via checked.be.