L'HECTARE: 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.
L'HECTARE
Largest movements
- Stocks and contracts +€29,318
up €29,318 (+22.4%), from €130,682 to €160,000
- Cash +€11,385
up €11,385 (+306%), from €3,717 to €15,102
mainly Trade debts (+€97,116) and Net result for the year (+€24,554)
- Receivables within one year +€5,044
up €5,044 (+15.2%), from €33,188 to €38,232
- Trade debts +€97,116
up €97,116 (+3,367%), from €2,884 to €100,000
- Other debts -€37,861
down €37,861 (-23.9%), from €158,249 to €120,388
- Profit (loss) carried forward -€16,401
no longer reported in 2025 (was €16,401)
- Gross operating margin +€28,345
up €28,345 (+336%), from €8,438 to €36,783
- Taxes +€6,950
up €6,950 (+384%), from €1,812 to €8,762
- Depreciation +€833
up €833 (+93.9%), from €887 to €1,720
- Other operating charges +€671
up €671 (+72.9%), from €921 to €1,592
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 | €180,535 | €225,150 | +€44,615 | +24.7% |
| Fixed assets | 21/28 | €12,469 | €10,749 | -€1,720 | -13.8% |
| Tangible fixed assets | 22/27 | €12,469 | €10,749 | -€1,720 | -13.8% |
| Land and buildings | 22 | €5,443 | €5,273 | -€170 | -3.1% |
| Furniture and vehicles | 24 | €7,026 | €5,476 | -€1,550 | -22.1% |
| Current assets | 29/58 | €168,067 | €214,401 | +€46,335 | +27.6% |
| Stocks and contracts in progress | 3 | €130,682 | €160,000 | +€29,318 | +22.4% |
| Stocks | 30/36 | €130,682 | €160,000 | +€29,318 | +22.4% |
| Amounts receivable within one year | 40/41 | €33,188 | €38,232 | +€5,044 | +15.2% |
| Other amounts receivable | 41 | €33,188 | €38,232 | +€5,044 | +15.2% |
| Cash at bank and in hand | 54/58 | €3,717 | €15,102 | +€11,385 | +306% |
| Deferred charges and accrued income | 490/1 | €480 | €1,067 | +€587 | +122% |
| Total equity and liabilities | 10/49 | €180,535 | €225,150 | +€44,615 | +24.7% |
| Equity | 10/15 | €19,401 | €3,000 | -€16,401 | -84.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,401 | - | -€16,401 | |
| Amounts payable | 17/49 | €161,134 | €222,150 | +€61,016 | +37.9% |
| Amounts payable within one year | 42/48 | €161,134 | €222,150 | +€61,016 | +37.9% |
| Trade debts | 44 | €2,884 | €100,000 | +€97,116 | +3,367% |
| Suppliers | 440/4 | €2,884 | €100,000 | +€97,116 | +3,367% |
| Taxes, remuneration and social security | 45 | - | €1,762 | +€1,762 | |
| Taxes | 450/3 | - | €1,762 | +€1,762 | |
| Other amounts payable | 47/48 | €158,249 | €120,388 | -€37,861 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €887 | €1,720 | +€833 | +93.9% |
| Other operating charges | 640/8 | €921 | €1,592 | +€671 | +72.9% |
| Gross operating margin | 9900 | €8,438 | €36,783 | +€28,345 | +336% |
| Operating profit (loss) | 9901 | €6,630 | €33,471 | +€26,841 | +405% |
| Financial income | 75/76B | €1 | €2 | +€1 | +57.0% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +57.0% |
| Financial charges | 65/66B | €135 | €156 | +€21 | +15.8% |
| Recurring financial charges | 65 | €135 | €156 | +€21 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €6,496 | €33,316 | +€26,820 | +413% |
| Income taxes | 67/77 | €1,812 | €8,762 | +€6,950 | +384% |
| Profit (loss) for the period | 9904 | €4,684 | €24,554 | +€19,870 | +424% |
| Profit (loss) for the period to be appropriated | 9905 | €4,684 | €24,554 | +€19,870 | +424% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.