La Hêtraie: 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.
La Hêtraie
Largest movements
- Cash -€45,373
down €45,373 (-32.4%), from €140,251 to €94,878
mainly Other debts (-€91,248) and Investment in fixed assets (net) (-€61,983)
- Tangible fixed assets +€16,173
up €16,173 (+4.2%), from €382,690 to €398,864
of which Leasing and similar rights: +€44,667
- Receivables within one year -€7,749
down €7,749 (-19.0%), from €40,850 to €33,101
of which Other amounts receivable: -€6,993
- Other debts -€91,248
down €91,248 (-26.5%), from €343,758 to €252,511
- Debts after one year +€36,940
up €36,940 (+65.6%), from €56,289 to €93,229
- Reserves +€32,836
up €32,836 (+111%), from €29,617 to €62,453
of which Distributable reserves: +€30,000
- Profit (loss) carried forward +€23,875
up €23,875 (+11.0%), from -€216,913 to -€193,038
- Current portion of long-term debt -€17,645
down €17,645 (-43.8%), from €40,292 to €22,647
- Gross operating margin -€70,908
down €70,908 (-20.2%), from €351,085 to €280,176
- Taxes +€21,810
up €21,810 (+1,923%), from €1,134 to €22,944
- Depreciation +€7,576
up €7,576 (+19.8%), from €38,234 to €45,810
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 | €750,793 | €723,483 | -€27,310 | -3.6% |
| Fixed assets | 21/28 | €382,960 | €399,134 | +€16,173 | +4.2% |
| Tangible fixed assets | 22/27 | €382,690 | €398,864 | +€16,173 | +4.2% |
| Land and buildings | 22 | €189,602 | €180,400 | -€9,202 | -4.9% |
| Plant, machinery and equipment | 23 | €22,613 | €17,067 | -€5,546 | -24.5% |
| Furniture and vehicles | 24 | €12,244 | €7,456 | -€4,788 | -39.1% |
| Leasing and similar rights | 25 | €66,454 | €111,121 | +€44,667 | +67.2% |
| Other tangible fixed assets | 26 | €91,777 | €82,819 | -€8,958 | -9.8% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €367,833 | €324,350 | -€43,483 | -11.8% |
| Stocks and contracts in progress | 3 | €178,223 | €181,620 | +€3,398 | +1.9% |
| Stocks | 30/36 | €178,223 | €181,620 | +€3,398 | +1.9% |
| Amounts receivable within one year | 40/41 | €40,850 | €33,101 | -€7,749 | -19.0% |
| Trade receivables | 40 | €10,756 | €10,000 | -€756 | -7.0% |
| Other amounts receivable | 41 | €30,094 | €23,101 | -€6,993 | -23.2% |
| Cash at bank and in hand | 54/58 | €140,251 | €94,878 | -€45,373 | -32.4% |
| Deferred charges and accrued income | 490/1 | €8,510 | €14,751 | +€6,241 | +73.3% |
| Total equity and liabilities | 10/49 | €750,793 | €723,483 | -€27,310 | -3.6% |
| Equity | 10/15 | €112,157 | €168,867 | +€56,710 | +50.6% |
| Contributions | 10/11 | €204,120 | €204,120 | = | 0.0% |
| Capital | 10 | €204,120 | €204,120 | = | 0.0% |
| Issued capital | 100 | €204,120 | €204,120 | = | 0.0% |
| Revaluation surpluses | 12 | €95,332 | €95,332 | = | 0.0% |
| Reserves | 13 | €29,617 | €62,453 | +€32,836 | +111% |
| Non-distributable reserves | 130/1 | €1,716 | €4,551 | +€2,836 | +165% |
| Legal reserve | 130 | €1,716 | €4,551 | +€2,836 | +165% |
| Tax-exempt reserves | 132 | €27,901 | €27,901 | = | 0.0% |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | -€216,913 | -€193,038 | +€23,875 | +11.0% |
| Amounts payable | 17/49 | €638,637 | €554,616 | -€84,020 | -13.2% |
| Amounts payable after more than one year | 17 | €56,289 | €93,229 | +€36,940 | +65.6% |
| Financial debts | 170/4 | €56,289 | €93,229 | +€36,940 | +65.6% |
| Amounts payable within one year | 42/48 | €576,589 | €454,492 | -€122,098 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €40,292 | €22,647 | -€17,645 | -43.8% |
| Trade debts | 44 | €177,145 | €165,752 | -€11,394 | -6.4% |
| Suppliers | 440/4 | €177,145 | €165,752 | -€11,394 | -6.4% |
| Taxes, remuneration and social security | 45 | €15,394 | €13,582 | -€1,812 | -11.8% |
| Taxes | 450/3 | €4,469 | €3,741 | -€728 | -16.3% |
| Remuneration and social security | 454/9 | €10,925 | €9,841 | -€1,084 | -9.9% |
| Other amounts payable | 47/48 | €343,758 | €252,511 | -€91,248 | -26.5% |
| Accrued charges and deferred income | 492/3 | €5,758 | €6,895 | +€1,137 | +19.7% |
| Non-recurring operating income | 76A | €14,030 | - | -€14,030 | |
| Remuneration, social security and pensions | 62 | €99,383 | €98,782 | -€601 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,234 | €45,810 | +€7,576 | +19.8% |
| Other operating charges | 640/8 | €11,621 | €11,715 | +€94 | +0.8% |
| Non-recurring operating charges | 66A | €923 | €702 | -€221 | -23.9% |
| Gross operating margin | 9900 | €351,085 | €280,176 | -€70,908 | -20.2% |
| Operating profit (loss) | 9901 | €200,923 | €123,166 | -€77,756 | -38.7% |
| Financial income | 75/76B | €908 | €910 | +€2 | +0.2% |
| Recurring financial income | 75 | €908 | €910 | +€2 | +0.2% |
| Financial charges | 65/66B | €43,463 | €44,422 | +€959 | +2.2% |
| Recurring financial charges | 65 | €43,463 | €44,422 | +€959 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €158,367 | €79,654 | -€78,713 | -49.7% |
| Income taxes | 67/77 | €1,134 | €22,944 | +€21,810 | +1,923% |
| Profit (loss) for the period | 9904 | €157,233 | €56,710 | -€100,523 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €157,233 | €56,710 | -€100,523 | -63.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.