Onze Haard: 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.
What changed
Onze Haard
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€31,556
2024 · €160,594-€129,038
Equity
€2.5m
2024 · €2.4m+€31,556
Cash
€81,650
2024 · €87,717-€6,067
Balance sheet total
€3.3m
2024 · €2.7m+€552,719
Largest movements
Assets
- Stocks and contracts +€375,000
new in 2025: €375,000
- Tangible fixed assets +€214,736
up €214,736 (+8.3%), from €2.6m to €2.8m
of which Land and buildings: +€157,084
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
Equity and liabilities
- Debts after one year +€550,000
new in 2025: €550,000
- Profit (loss) carried forward +€65,097
up €65,097 (+4.9%), from €1.3m to €1.4m
- Reserves -€33,541
down €33,541 (-3.4%), from €987,469 to €953,928
of which Tax-exempt reserves: -€33,541
Income statement
- Financial income -€83,882
down €83,882 (-95.9%), from €87,500 to €3,618
- Staff costs -€67,232
no longer reported in 2025 (was €67,232)
- Provisions +€62,750
no longer reported in 2025 (was -€62,750)
- Gross operating margin -€51,443
down €51,443 (-24.3%), from €211,613 to €160,170
- Taxes -€14,834
down €14,834 (-38.3%), from €38,780 to €23,947
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.
Result 2024
€160,594
Gross operating margin
-€51,443
Staff costs
+€67,232
Depreciation
-€13,473
Provisions
-€62,750
Other operating charges
-€91
Financial income
-€83,882
Financial charges
-€1,209
Taxes
+€14,834
Deferred taxes and other
+€1,745
Result 2025
€31,556
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€287,495
Investment
-€268,572
Financing
+€550,000
Cash 2024
€87,717
From operations (derived)
-€287,495
Net result for the year
+€31,556
Depreciation
+€103,836
Stocks and contracts
-€375,000
Receivables within one year
-€19,050
Provisions
-€11,180
Trade debts
-€14,700
Tax, wage and social debts
+€2,774
Advances received
-€5,730
Investment (derived)
-€268,572
Investment in fixed assets (net)
-€318,572
Current investments
+€50,000
Financing
+€550,000
Debts after one year
+€550,000
Cash 2025
€81,650
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,733,578 | €3,286,297 | +€552,719 | +20.2% |
| Fixed assets | 21/28 | €2,594,911 | €2,809,647 | +€214,736 | +8.3% |
| Tangible fixed assets | 22/27 | €2,594,893 | €2,809,629 | +€214,736 | +8.3% |
| Land and buildings | 22 | €2,590,825 | €2,747,909 | +€157,084 | +6.1% |
| Furniture and vehicles | 24 | €4,068 | €61,720 | +€57,652 | +1,417% |
| Financial fixed assets | 28 | €18 | €18 | = | 0.0% |
| Current assets | 29/58 | €138,667 | €476,650 | +€337,983 | +244% |
| Stocks and contracts in progress | 3 | - | €375,000 | +€375,000 | |
| Stocks | 30/36 | - | €375,000 | +€375,000 | |
| Amounts receivable within one year | 40/41 | €950 | €20,000 | +€19,050 | +2,005% |
| Trade receivables | 40 | €950 | - | -€950 | |
| Other amounts receivable | 41 | - | €20,000 | +€20,000 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €87,717 | €81,650 | -€6,067 | -6.9% |
| Total equity and liabilities | 10/49 | €2,733,578 | €3,286,297 | +€552,719 | +20.2% |
| Equity | 10/15 | €2,427,978 | €2,459,534 | +€31,556 | +1.3% |
| Contributions | 10/11 | €111,692 | €111,692 | = | 0.0% |
| Capital | 10 | €111,692 | €111,692 | = | 0.0% |
| Issued capital | 100 | €111,692 | €111,692 | = | 0.0% |
| Reserves | 13 | €987,469 | €953,928 | -€33,541 | -3.4% |
| Non-distributable reserves | 130/1 | €14,259 | €14,259 | = | 0.0% |
| Legal reserve | 130 | €14,259 | €14,259 | = | 0.0% |
| Tax-exempt reserves | 132 | €880,513 | €846,973 | -€33,541 | -3.8% |
| Distributable reserves | 133 | €92,696 | €92,696 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,328,817 | €1,393,914 | +€65,097 | +4.9% |
| Provisions and deferred taxes | 16 | €255,825 | €244,645 | -€11,180 | -4.4% |
| Deferred taxes | 168 | €255,825 | €244,645 | -€11,180 | -4.4% |
| Amounts payable | 17/49 | €49,775 | €582,118 | +€532,343 | +1,070% |
| Amounts payable after more than one year | 17 | - | €550,000 | +€550,000 | |
| Financial debts | 170/4 | - | €550,000 | +€550,000 | |
| Amounts payable within one year | 42/48 | €49,775 | €32,118 | -€17,657 | -35.5% |
| Trade debts | 44 | €17,322 | €2,622 | -€14,700 | -84.9% |
| Suppliers | 440/4 | €17,322 | €2,622 | -€14,700 | -84.9% |
| Advances received on contracts in progress | 46 | €5,730 | - | -€5,730 | |
| Taxes, remuneration and social security | 45 | €21,173 | €23,947 | +€2,774 | +13.1% |
| Taxes | 450/3 | €13,933 | €23,947 | +€10,014 | +71.9% |
| Remuneration and social security | 454/9 | €7,240 | - | -€7,240 | |
| Other amounts payable | 47/48 | €5,550 | €5,550 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €67,232 | - | -€67,232 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,363 | €103,836 | +€13,473 | +14.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€62,750 | - | +€62,750 | |
| Other operating charges | 640/8 | €14,052 | €14,143 | +€91 | +0.6% |
| Gross operating margin | 9900 | €211,613 | €160,170 | -€51,443 | -24.3% |
| Operating profit (loss) | 9901 | €102,717 | €42,191 | -€60,525 | -58.9% |
| Financial income | 75/76B | €87,500 | €3,618 | -€83,882 | -95.9% |
| Recurring financial income | 75 | €87,500 | €3,618 | -€83,882 | -95.9% |
| Financial charges | 65/66B | €278 | €1,487 | +€1,209 | +435% |
| Recurring financial charges | 65 | €278 | €1,487 | +€1,209 | +435% |
| Profit (loss) for the period before taxes | 9903 | €189,939 | €44,323 | -€145,616 | -76.7% |
| Transfer from deferred taxes | 780 | €9,435 | €11,180 | +€1,745 | +18.5% |
| Income taxes | 67/77 | €38,780 | €23,947 | -€14,834 | -38.3% |
| Profit (loss) for the period | 9904 | €160,594 | €31,556 | -€129,038 | -80.4% |
| Transfer from tax-exempt reserves | 789 | €28,305 | €33,541 | +€5,236 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €188,899 | €65,097 | -€123,802 | -65.5% |
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 29 October 2026 via checked.be.