HUNTING LODGE: what changed
What changed
HUNTING LODGE
NACE 47.631, Retail trade
filed annual accounts (NBB)
Net result for the year
€53,953
2025 · -€27,366+€81,319
Equity
€501,500
2025 · €445,120+€56,380
Cash
€29,610
2025 · €18,311+€11,299
Balance sheet total
€925,528
2025 · €820,238+€105,290
Largest movements
Assets
- Tangible fixed assets +€60,349
up €60,349 (+148%), from €40,729 to €101,078
- Receivables within one year +€36,974
up €36,974 (+106%), from €34,979 to €71,953
- Cash +€11,299
up €11,299 (+61.7%), from €18,311 to €29,610
mainly Net result for the year (+€53,953) and Other debts (+€52,091)
Equity and liabilities
- Profit (loss) carried forward +€53,953
up €53,953 (+39.2%), from €137,655 to €191,608
- Other debts +€52,091
up €52,091 (+115%), from €45,413 to €97,504
- Short-term financial debts -€20,000
down €20,000 (-13.8%), from €145,000 to €125,000
- Tax, wage and social debts +€17,748
up €17,748 (+40.6%), from €43,733 to €61,481
of which Taxes: +€21,613
- Trade debts +€13,387
up €13,387 (+11.3%), from €118,273 to €131,660
Income statement
- Gross operating margin +€56,779
up €56,779 (+25.4%), from €223,658 to €280,437
- Staff costs -€37,468
down €37,468 (-16.2%), from €231,518 to €194,050
- Taxes +€10,405
up €10,405, from -€8 to €10,397
- Depreciation +€5,955
up €5,955 (+67.0%), from €8,890 to €14,845
- Financial income +€3,531
up €3,531 (+436%), from €811 to €4,342
Change in the result, 2025 to 2026
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 2025
-€27,366
Gross operating margin
+€56,779
Staff costs
+€37,468
Depreciation
-€5,955
Other operating charges
-€12
Financial income
+€3,531
Financial charges
-€86
Taxes
-€10,405
Result 2026
€53,953
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€117,242
Investment
-€79,203
Financing
-€26,741
Cash 2025
€18,311
From operations (derived)
+€117,242
Net result for the year
+€53,953
Depreciation
+€14,845
Stocks and contracts
+€8,581
Receivables within one year
-€36,974
Deferred charges and accrued income
-€1,240
Trade debts
+€13,387
Tax, wage and social debts
+€17,748
Advances received
-€5,150
Other debts
+€52,091
Investment (derived)
-€79,203
Investment in fixed assets (net)
-€79,203
Financing
-€26,741
Debts after one year
-€2,236
Current portion of long-term debt
-€6,931
Short-term financial debts
-€20,000
Contributions, distributions and other
+€2,427
Cash 2026
€29,610
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €820,238 | €925,528 | +€105,290 | +12.8% |
| Fixed assets | 21/28 | €44,288 | €108,646 | +€64,358 | +145% |
| Intangible fixed assets | 21 | €3,509 | €7,518 | +€4,009 | +114% |
| Tangible fixed assets | 22/27 | €40,729 | €101,078 | +€60,349 | +148% |
| Plant, machinery and equipment | 23 | €3,433 | €11,813 | +€8,380 | +244% |
| Furniture and vehicles | 24 | €1,811 | €28,066 | +€26,255 | +1,449% |
| Other tangible fixed assets | 26 | €35,485 | €61,199 | +€25,714 | +72.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €775,950 | €816,881 | +€40,932 | +5.3% |
| Stocks and contracts in progress | 3 | €715,600 | €707,019 | -€8,581 | -1.2% |
| Stocks | 30/36 | €715,600 | €707,019 | -€8,581 | -1.2% |
| Amounts receivable within one year | 40/41 | €34,979 | €71,953 | +€36,974 | +106% |
| Trade receivables | 40 | €34,979 | €71,953 | +€36,974 | +106% |
| Cash at bank and in hand | 54/58 | €18,311 | €29,610 | +€11,299 | +61.7% |
| Deferred charges and accrued income | 490/1 | €7,060 | €8,300 | +€1,240 | +17.6% |
| Total equity and liabilities | 10/49 | €820,238 | €925,528 | +€105,290 | +12.8% |
| Equity | 10/15 | €445,120 | €501,500 | +€56,380 | +12.7% |
| Contributions | 10/11 | €300,000 | €302,427 | +€2,427 | +0.8% |
| Reserves | 13 | €7,465 | €7,465 | = | 0.0% |
| Distributable reserves | 133 | €7,465 | €7,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,655 | €191,608 | +€53,953 | +39.2% |
| Amounts payable | 17/49 | €375,119 | €424,028 | +€48,910 | +13.0% |
| Amounts payable after more than one year | 17 | €2,236 | - | -€2,236 | |
| Financial debts | 170/4 | €2,236 | - | -€2,236 | |
| Amounts payable within one year | 42/48 | €372,882 | €424,028 | +€51,146 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €9,964 | €3,033 | -€6,931 | -69.6% |
| Financial debts | 43 | €145,000 | €125,000 | -€20,000 | -13.8% |
| Credit institutions | 430/8 | €145,000 | €125,000 | -€20,000 | -13.8% |
| Trade debts | 44 | €118,273 | €131,660 | +€13,387 | +11.3% |
| Suppliers | 440/4 | €118,273 | €131,660 | +€13,387 | +11.3% |
| Advances received on contracts in progress | 46 | €10,500 | €5,350 | -€5,150 | -49.0% |
| Taxes, remuneration and social security | 45 | €43,733 | €61,481 | +€17,748 | +40.6% |
| Taxes | 450/3 | €24,727 | €46,341 | +€21,613 | +87.4% |
| Remuneration and social security | 454/9 | €19,006 | €15,140 | -€3,865 | -20.3% |
| Other amounts payable | 47/48 | €45,413 | €97,504 | +€52,091 | +115% |
| Remuneration, social security and pensions | 62 | €231,518 | €194,050 | -€37,468 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,890 | €14,845 | +€5,955 | +67.0% |
| Other operating charges | 640/8 | €467 | €480 | +€12 | +2.7% |
| Gross operating margin | 9900 | €223,658 | €280,437 | +€56,779 | +25.4% |
| Operating profit (loss) | 9901 | -€17,216 | €71,062 | +€88,279 | |
| Financial income | 75/76B | €811 | €4,342 | +€3,531 | +436% |
| Recurring financial income | 75 | €811 | €4,342 | +€3,531 | +436% |
| Financial charges | 65/66B | €10,968 | €11,054 | +€86 | +0.8% |
| Recurring financial charges | 65 | €10,968 | €11,054 | +€86 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,373 | €64,350 | +€91,724 | |
| Income taxes | 67/77 | -€8 | €10,397 | +€10,405 | |
| Profit (loss) for the period | 9904 | -€27,366 | €53,953 | +€81,319 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,366 | €53,953 | +€81,319 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.