NRH PIGS: what changed
Two fiscal 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.
What changed
NRH PIGS
NACE 01.461, Pig breeding farms
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
-€45,230
2025 · €15,752-€60,983
Equity
€176,143
2025 · €221,373-€45,230
Cash
€1,501
2025 · €18,603-€17,102
Balance sheet total
€7.3m
2025 · €5.8m+€1.5m
Largest movements
Assets
- Stocks and contracts +€1.3m
up €1.3m (+54.4%), from €2.4m to €3.7m
- Receivables within one year +€204,868
up €204,868 (+6.2%), from €3.3m to €3.5m
of which Trade receivables: +€213,058
Equity and liabilities
- Trade debts +€1.7m
up €1.7m (+31.8%), from €5.3m to €7.0m
- Current portion of long-term debt -€125,000
down €125,000 (-66.7%), from €187,500 to €62,500
Income statement
- Turnover -€6.5m
no longer reported in 2026 (was €6.5m)
- Goods and materials -€6.3m
no longer reported in 2026 (was €6.3m)
of which Purchases: -€6.4m
- Services and other goods -€100,855
no longer reported in 2026 (was €100,855)
- Gross operating margin +€79,088
new in 2026: €79,088
- Other operating income -€75,731
no longer reported in 2026 (was €75,731)
From the 2025 result to the 2026 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.
Result 2025
€15,752
Turnover
-€6.5m
Other operating income
-€75,731
Goods and materials
+€6.3m
Services and other goods
+€100,855
Staff costs
+€16,540
Depreciation
+€7,777
Other operating charges
+€1,064
Other operating items
+€79,088
Financial income
+€30
Financial charges
+€899
Taxes
+€2,541
Result 2026
-€45,230
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€170,398
Investment
€0
Financing
-€187,500
Cash 2025
€18,603
From operations (derived)
+€170,398
Net result for the year
-€45,230
Depreciation
+€17,124
Stocks and contracts
-€1.3m
Receivables within one year
-€204,868
Deferred charges and accrued income
-€5,917
Trade debts
+€1.7m
Tax, wage and social debts
+€7,618
Financing
-€187,500
Debts after one year
-€62,500
Current portion of long-term debt
-€125,000
Cash 2026
€1,501
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,811,717 | €7,279,426 | +€1.5m | +25.3% |
| Fixed assets | 21/28 | €73,078 | €55,954 | -€17,124 | -23.4% |
| Tangible fixed assets | 22/27 | €73,078 | €55,954 | -€17,124 | -23.4% |
| Plant, machinery and equipment | 23 | €38,282 | €27,108 | -€11,174 | -29.2% |
| Other tangible fixed assets | 26 | €34,796 | €28,847 | -€5,950 | -17.1% |
| Current assets | 29/58 | €5,738,638 | €7,223,472 | +€1.5m | +25.9% |
| Stocks and contracts in progress | 3 | €2,375,050 | €3,666,200 | +€1.3m | +54.4% |
| Stocks | 30/36 | €2,375,050 | €3,666,200 | +€1.3m | +54.4% |
| Raw materials and consumables | 30/31 | €2,375,050 | - | -€2.4m | |
| Amounts receivable within one year | 40/41 | €3,289,412 | €3,494,279 | +€204,868 | +6.2% |
| Trade receivables | 40 | €3,236,162 | €3,449,220 | +€213,058 | +6.6% |
| Other amounts receivable | 41 | €53,250 | €45,059 | -€8,191 | -15.4% |
| Cash at bank and in hand | 54/58 | €18,603 | €1,501 | -€17,102 | -91.9% |
| Deferred charges and accrued income | 490/1 | €55,574 | €61,492 | +€5,917 | +10.6% |
| Total equity and liabilities | 10/49 | €5,811,717 | €7,279,426 | +€1.5m | +25.3% |
| Equity | 10/15 | €221,373 | €176,143 | -€45,230 | -20.4% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €40,986 | €40,986 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €38,486 | €38,486 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,387 | -€39,843 | -€45,230 | |
| Amounts payable | 17/49 | €5,590,343 | €7,103,283 | +€1.5m | +27.1% |
| Amounts payable after more than one year | 17 | €62,500 | €0 | -€62,500 | -100.0% |
| Financial debts | 170/4 | €62,500 | €0 | -€62,500 | -100.0% |
| Credit institutions | 173 | €62,500 | - | -€62,500 | |
| Amounts payable within one year | 42/48 | €5,527,843 | €7,103,283 | +€1.6m | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €187,500 | €62,500 | -€125,000 | -66.7% |
| Trade debts | 44 | €5,321,397 | €7,014,219 | +€1.7m | +31.8% |
| Suppliers | 440/4 | €5,321,397 | €7,014,219 | +€1.7m | +31.8% |
| Taxes, remuneration and social security | 45 | €18,946 | €26,564 | +€7,618 | +40.2% |
| Taxes | 450/3 | €2,541 | €8,481 | +€5,939 | +233.7% |
| Remuneration and social security | 454/9 | €16,405 | €18,083 | +€1,678 | +10.2% |
| Operating income | 70/76A | €6,582,328 | - | -€6.6m | |
| Turnover | 70 | €6,506,597 | - | -€6.5m | |
| Other operating income | 74 | €75,731 | - | -€75,731 | |
| Operating charges | 60/66A | €6,562,649 | - | -€6.6m | |
| Goods for resale, raw materials and consumables | 60 | €6,312,550 | - | -€6.3m | |
| Purchases | 600/8 | €6,436,363 | - | -€6.4m | |
| Change in stocks: decrease (increase) | 609 | -€123,813 | - | +€123,813 | |
| Services and other goods | 61 | €100,855 | - | -€100,855 | |
| Remuneration, social security and pensions | 62 | €121,894 | €105,354 | -€16,540 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,901 | €17,124 | -€7,777 | -31.2% |
| Other operating charges | 640/8 | €2,449 | €1,384 | -€1,064 | -43.5% |
| Gross operating margin | 9900 | - | €79,088 | +€79,088 | |
| Operating profit (loss) | 9901 | €19,679 | -€44,774 | -€64,453 | |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €1,385 | €486 | -€899 | -64.9% |
| Recurring financial charges | 65 | €1,385 | €486 | -€899 | -64.9% |
| Debt charges | 650 | €980 | - | -€980 | |
| Other financial charges | 652/9 | €404 | - | -€404 | |
| Profit (loss) for the period before taxes | 9903 | €18,294 | -€45,230 | -€63,524 | |
| Income taxes | 67/77 | €2,541 | €0 | -€2,541 | -100.0% |
| Taxes | 670/3 | €2,541 | - | -€2,541 | |
| Profit (loss) for the period | 9904 | €15,752 | -€45,230 | -€60,983 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,752 | -€45,230 | -€60,983 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.