SLAGERIJ VAN HOORDE: 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.
SLAGERIJ VAN HOORDE
Largest movements
- Cash +€98,057
up €98,057 (+79.7%), from €122,956 to €221,013
mainly Current investments (+€53,242) and Net result for the year (+€35,871)
- Current investments -€53,242
no longer reported in 2025 (was €53,242)
- Deferred charges and accrued income -€3,546
no longer reported in 2025 (was €3,546)
- Tangible fixed assets -€3,292
down €3,292 (-20.8%), from €15,866 to €12,574
of which Leasing and similar rights: -€2,152
- Reserves +€35,000
up €35,000 (+29.1%), from €120,258 to €155,258
of which Tax-exempt reserves: +€35,000
- Trade debts +€17,388
new in 2025: €17,388
- Tax, wage and social debts -€14,011
down €14,011 (-31.7%), from €44,161 to €30,150
of which Remuneration and social security: -€10,790
- Purchases and services +€15,936
up €15,936 (+4.2%), from €377,522 to €393,458
- Turnover +€9,099
up €9,099 (+1.9%), from €482,156 to €491,254
- Gross operating margin -€6,672
down €6,672 (-6.2%), from €108,014 to €101,342
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 | €203,701 | €243,473 | +€39,772 | +19.5% |
| Fixed assets | 21/28 | €16,165 | €12,873 | -€3,292 | -20.4% |
| Tangible fixed assets | 22/27 | €15,866 | €12,574 | -€3,292 | -20.8% |
| Plant, machinery and equipment | 23 | €2,963 | €3,512 | +€549 | +18.5% |
| Leasing and similar rights | 25 | €2,152 | - | -€2,152 | |
| Other tangible fixed assets | 26 | €10,751 | €9,062 | -€1,689 | -15.7% |
| Financial fixed assets | 28 | €299 | €299 | = | 0.0% |
| Current assets | 29/58 | €187,536 | €230,600 | +€43,064 | +23.0% |
| Stocks and contracts in progress | 3 | €4,075 | €6,105 | +€2,030 | +49.8% |
| Stocks | 30/36 | €4,075 | €6,105 | +€2,030 | +49.8% |
| Amounts receivable within one year | 40/41 | €3,716 | €3,481 | -€235 | -6.3% |
| Other amounts receivable | 41 | €3,716 | €3,481 | -€235 | -6.3% |
| Current investments | 50/53 | €53,242 | - | -€53,242 | |
| Cash at bank and in hand | 54/58 | €122,956 | €221,013 | +€98,057 | +79.7% |
| Deferred charges and accrued income | 490/1 | €3,546 | - | -€3,546 | |
| Total equity and liabilities | 10/49 | €203,701 | €243,473 | +€39,772 | +19.5% |
| Equity | 10/15 | €158,576 | €194,447 | +€35,871 | +22.6% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Capital | 10 | €18,592 | €18,592 | +€0 | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €120,258 | €155,258 | +€35,000 | +29.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €108,399 | €143,399 | +€35,000 | +32.3% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,726 | €20,597 | +€871 | +4.4% |
| Amounts payable | 17/49 | €45,124 | €49,026 | +€3,901 | +8.6% |
| Amounts payable within one year | 42/48 | €44,438 | €47,815 | +€3,377 | +7.6% |
| Trade debts | 44 | - | €17,388 | +€17,388 | |
| Suppliers | 440/4 | - | €17,388 | +€17,388 | |
| Taxes, remuneration and social security | 45 | €44,161 | €30,150 | -€14,011 | -31.7% |
| Taxes | 450/3 | €13,411 | €10,190 | -€3,221 | -24.0% |
| Remuneration and social security | 454/9 | €30,750 | €19,960 | -€10,790 | -35.1% |
| Other amounts payable | 47/48 | €277 | €277 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €687 | €1,211 | +€524 | +76.4% |
| Turnover | 70 | €482,156 | €491,254 | +€9,099 | +1.9% |
| Non-recurring operating income | 76A | €3,380 | €3,545 | +€165 | +4.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €377,522 | €393,458 | +€15,936 | +4.2% |
| Remuneration, social security and pensions | 62 | €43,172 | €46,507 | +€3,335 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,281 | €4,904 | -€3,378 | -40.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,030 | -€2,030 | |
| Other operating charges | 640/8 | €814 | €149 | -€665 | -81.6% |
| Gross operating margin | 9900 | €108,014 | €101,342 | -€6,672 | -6.2% |
| Operating profit (loss) | 9901 | €55,747 | €51,812 | -€3,935 | -7.1% |
| Financial income | 75/76B | €2,520 | €1,180 | -€1,340 | -53.2% |
| Recurring financial income | 75 | €2,520 | €1,180 | -€1,340 | -53.2% |
| Financial charges | 65/66B | €124 | €109 | -€15 | -12.2% |
| Recurring financial charges | 65 | €124 | €109 | -€15 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €58,143 | €52,883 | -€5,260 | -9.0% |
| Income taxes | 67/77 | €21,610 | €17,012 | -€4,597 | -21.3% |
| Profit (loss) for the period | 9904 | €36,534 | €35,871 | -€663 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,534 | €35,871 | -€663 | -1.8% |
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 23 October 2026 via checked.be.