S73: 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
S73
NACE 01.500, Mixed farming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€33,197
2024 · €49,939-€16,742
Equity
€781,507
2024 · €748,464+€33,043
Cash
€5,238
2024 · €6,617-€1,379
Balance sheet total
€1.6m
2024 · €1.6m-€8,527
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€40,000
up €40,000 (+6.6%), from €603,211 to €643,211
of which Distributable reserves: +€40,000
- Debts after one year -€33,102
down €33,102 (-7.5%), from €440,924 to €407,822
of which Financial debts: -€33,102
Income statement
- Gross operating margin -€17,065
down €17,065 (-10.0%), from €170,054 to €152,989
- Taxes -€3,924
down €3,924 (-28.4%), from €13,803 to €9,879
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
€49,939
Gross operating margin
-€17,065
Depreciation
-€1,450
Other operating charges
-€849
Financial income
-€5
Financial charges
-€1,297
Taxes
+€3,924
Result 2025
€33,197
Cash bridge derived
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
+€132,654
Investment
-€96,236
Financing
-€37,798
Cash 2024
€6,617
From operations (derived)
+€132,654
Net result for the year
+€33,197
Depreciation
+€95,569
Receivables within one year
+€7,756
Deferred charges and accrued income
+€59
Trade debts
-€9,847
Tax, wage and social debts
+€2,300
Other debts
+€3,621
Investment (derived)
-€96,236
Investment in fixed assets (net)
-€96,236
Financing
-€37,798
Debts after one year
-€33,102
Current portion of long-term debt
-€4,542
Contributions, distributions and other
-€154
Cash 2025
€5,238
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,573,426 | €1,564,899 | -€8,527 | -0.5% |
| Fixed assets | 21/28 | €1,555,114 | €1,555,781 | +€666 | 0.0% |
| Tangible fixed assets | 22/27 | €1,550,114 | €1,550,781 | +€666 | 0.0% |
| Land and buildings | 22 | €1,095,849 | €1,086,856 | -€8,994 | -0.8% |
| Plant, machinery and equipment | 23 | €451,751 | €463,925 | +€12,174 | +2.7% |
| Furniture and vehicles | 24 | €2,514 | - | -€2,514 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €18,312 | €9,118 | -€9,193 | -50.2% |
| Amounts receivable within one year | 40/41 | €11,353 | €3,597 | -€7,756 | -68.3% |
| Trade receivables | 40 | €11,353 | €3,597 | -€7,756 | -68.3% |
| Cash at bank and in hand | 54/58 | €6,617 | €5,238 | -€1,379 | -20.8% |
| Deferred charges and accrued income | 490/1 | €341 | €283 | -€59 | -17.2% |
| Total equity and liabilities | 10/49 | €1,573,426 | €1,564,899 | -€8,527 | -0.5% |
| Equity | 10/15 | €748,464 | €781,507 | +€33,043 | +4.4% |
| Contributions | 10/11 | €136,620 | €136,620 | = | 0.0% |
| Outside capital | 11 | €136,620 | €136,620 | = | 0.0% |
| Share premium | 1100/10 | €136,620 | €136,620 | = | 0.0% |
| Reserves | 13 | €603,211 | €643,211 | +€40,000 | +6.6% |
| Tax-exempt reserves | 132 | €3,211 | €3,211 | = | 0.0% |
| Distributable reserves | 133 | €600,000 | €640,000 | +€40,000 | +6.7% |
| Profit (loss) carried forward | 14 | €8,018 | €1,215 | -€6,803 | -84.8% |
| Investment grants | 15 | €614 | €461 | -€154 | -25.0% |
| Amounts payable | 17/49 | €824,962 | €783,392 | -€41,570 | -5.0% |
| Amounts payable after more than one year | 17 | €440,924 | €407,822 | -€33,102 | -7.5% |
| Financial debts | 170/4 | €240,924 | €207,822 | -€33,102 | -13.7% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €384,038 | €375,570 | -€8,468 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €44,115 | €39,573 | -€4,542 | -10.3% |
| Trade debts | 44 | €10,057 | €210 | -€9,847 | -97.9% |
| Suppliers | 440/4 | €10,057 | €210 | -€9,847 | -97.9% |
| Taxes, remuneration and social security | 45 | €15,294 | €17,594 | +€2,300 | +15.0% |
| Taxes | 450/3 | €15,294 | €17,594 | +€2,300 | +15.0% |
| Other amounts payable | 47/48 | €314,572 | €318,193 | +€3,621 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,120 | €95,569 | +€1,450 | +1.5% |
| Other operating charges | 640/8 | €4,902 | €5,751 | +€849 | +17.3% |
| Gross operating margin | 9900 | €170,054 | €152,989 | -€17,065 | -10.0% |
| Operating profit (loss) | 9901 | €71,033 | €51,669 | -€19,364 | -27.3% |
| Financial income | 75/76B | €86 | €81 | -€5 | -5.9% |
| Recurring financial income | 75 | €86 | €81 | -€5 | -5.9% |
| Financial charges | 65/66B | €7,377 | €8,674 | +€1,297 | +17.6% |
| Recurring financial charges | 65 | €7,377 | €8,674 | +€1,297 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €63,742 | €43,076 | -€20,666 | -32.4% |
| Income taxes | 67/77 | €13,803 | €9,879 | -€3,924 | -28.4% |
| Profit (loss) for the period | 9904 | €49,939 | €33,197 | -€16,742 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,939 | €33,197 | -€16,742 | -33.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.