SELECTIE - HOEVE: 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.
SELECTIE - HOEVE
Largest movements
- Stocks and contracts -€43,932
down €43,932 (-15.5%), from €282,782 to €238,850
- Receivables within one year +€38,584
up €38,584 (+26.2%), from €147,147 to €185,730
of which Other amounts receivable: +€30,464
- Tangible fixed assets +€13,523
up €13,523 (+3.7%), from €361,794 to €375,317
of which Land and buildings: +€28,251
- Reserves +€121,468
up €121,468 (+43.0%), from €282,474 to €403,942
of which Tax-exempt reserves: +€76,401
- Trade debts -€111,830
down €111,830 (-55.7%), from €200,811 to €88,981
- Other debts +€10,000
up €10,000 (+100.0%), from €10,000 to €20,000
- Gross operating margin +€106,468
up €106,468 (+86.2%), from €123,459 to €229,927
- Taxes +€36,510
up €36,510 (+182.5%), from €20,009 to €56,519
- Depreciation +€7,441
up €7,441 (+20.9%), from €35,629 to €43,070
- Financial charges +€3,221
up €3,221 (+169.9%), from €1,896 to €5,117
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €824,839 | €832,539 | +€7,700 | +0.9% |
| Fixed assets | 21/28 | €361,794 | €375,317 | +€13,523 | +3.7% |
| Tangible fixed assets | 22/27 | €361,794 | €375,317 | +€13,523 | +3.7% |
| Land and buildings | 22 | €192,306 | €220,557 | +€28,251 | +14.7% |
| Plant, machinery and equipment | 23 | €29,049 | €21,872 | -€7,177 | -24.7% |
| Furniture and vehicles | 24 | €140,438 | €132,888 | -€7,551 | -5.4% |
| Current assets | 29/58 | €463,045 | €457,222 | -€5,824 | -1.3% |
| Stocks and contracts in progress | 3 | €282,782 | €238,850 | -€43,932 | -15.5% |
| Stocks | 30/36 | €282,782 | €238,850 | -€43,932 | -15.5% |
| Amounts receivable within one year | 40/41 | €147,147 | €185,730 | +€38,584 | +26.2% |
| Trade receivables | 40 | €100,247 | €108,366 | +€8,120 | +8.1% |
| Other amounts receivable | 41 | €46,900 | €77,364 | +€30,464 | +65.0% |
| Cash at bank and in hand | 54/58 | €24,281 | €24,993 | +€712 | +2.9% |
| Deferred charges and accrued income | 490/1 | €8,836 | €7,649 | -€1,187 | -13.4% |
| Total equity and liabilities | 10/49 | €824,839 | €832,539 | +€7,700 | +0.9% |
| Equity | 10/15 | €515,874 | €637,342 | +€121,468 | +23.5% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €282,474 | €403,942 | +€121,468 | +43.0% |
| Tax-exempt reserves | 132 | €111,850 | €188,252 | +€76,401 | +68.3% |
| Distributable reserves | 133 | €170,624 | €215,690 | +€45,066 | +26.4% |
| Profit (loss) carried forward | 14 | €59,874 | €59,874 | = | 0.0% |
| Provisions and deferred taxes | 16 | €18,753 | €15,488 | -€3,265 | -17.4% |
| Deferred taxes | 168 | €18,753 | €15,488 | -€3,265 | -17.4% |
| Amounts payable | 17/49 | €290,211 | €179,709 | -€110,503 | -38.1% |
| Amounts payable after more than one year | 17 | €5,200 | - | -€5,200 | |
| Financial debts | 170/4 | €5,200 | - | -€5,200 | |
| Amounts payable within one year | 42/48 | €285,011 | €179,709 | -€105,303 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €12,941 | €5,200 | -€7,741 | -59.8% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €200,811 | €88,981 | -€111,830 | -55.7% |
| Suppliers | 440/4 | €200,811 | €88,981 | -€111,830 | -55.7% |
| Taxes, remuneration and social security | 45 | €11,259 | €15,528 | +€4,269 | +37.9% |
| Taxes | 450/3 | €11,259 | €15,528 | +€4,269 | +37.9% |
| Other amounts payable | 47/48 | €10,000 | €20,000 | +€10,000 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,629 | €43,070 | +€7,441 | +20.9% |
| Other operating charges | 640/8 | €10,851 | €11,016 | +€165 | +1.5% |
| Non-recurring operating charges | 66A | €400 | - | -€400 | |
| Gross operating margin | 9900 | €123,459 | €229,927 | +€106,468 | +86.2% |
| Operating profit (loss) | 9901 | €76,579 | €175,841 | +€99,262 | +129.6% |
| Financial income | 75/76B | €3,285 | €3,997 | +€713 | +21.7% |
| Recurring financial income | 75 | €3,285 | €3,997 | +€713 | +21.7% |
| Financial charges | 65/66B | €1,896 | €5,117 | +€3,221 | +169.9% |
| Recurring financial charges | 65 | €1,896 | €5,117 | +€3,221 | +169.9% |
| Profit (loss) for the period before taxes | 9903 | €77,968 | €174,722 | +€96,753 | +124.1% |
| Transfer from deferred taxes | 780 | €3,301 | €3,265 | -€36 | -1.1% |
| Income taxes | 67/77 | €20,009 | €56,519 | +€36,510 | +182.5% |
| Profit (loss) for the period | 9904 | €61,260 | €121,468 | +€60,207 | +98.3% |
| Transfer from tax-exempt reserves | 789 | €13,169 | €13,061 | -€108 | -0.8% |
| Transfer to tax-exempt reserves | 689 | €36,838 | €89,463 | +€52,625 | +142.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,592 | €45,066 | +€7,474 | +19.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.