't Hoenderhof: what changed
't Hoenderhof
Largest movements
- Cash -€110,741
down €110,741 (-32.3%), from €343,095 to €232,354
mainly Other debts (-€133,667) and Current investments (-€100,000)
- Current investments +€100,000
up €100,000 (+67.1%), from €149,042 to €249,042
- Receivables within one year -€52,144
down €52,144 (-66.2%), from €78,728 to €26,583
of which Other amounts receivable: -€36,602
- Tangible fixed assets -€44,306
down €44,306 (-7.4%), from €599,983 to €555,677
of which Land and buildings: -€22,217
- Deferred charges and accrued income +€15,439
up €15,439 (+527%), from €2,931 to €18,370
- Other debts -€133,667
down €133,667 (-44.4%), from €300,735 to €167,068
- Reserves +€115,299
up €115,299 (+21.7%), from €531,988 to €647,286
of which Distributable reserves: +€115,299
- Debts after one year -€55,794
down €55,794 (-28.7%), from €194,634 to €138,840
- Gross operating margin +€72,337
up €72,337 (+33.8%), from €214,005 to €286,343
- Taxes +€17,828
up €17,828 (+50.9%), from €35,027 to €52,854
- Depreciation +€12,267
up €12,267 (+15.1%), from €81,029 to €93,296
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,380,004 | €1,296,891 | -€83,113 | -6.0% |
| Fixed assets | 21/28 | €599,983 | €555,677 | -€44,306 | -7.4% |
| Tangible fixed assets | 22/27 | €599,983 | €555,677 | -€44,306 | -7.4% |
| Land and buildings | 22 | €534,737 | €512,520 | -€22,217 | -4.2% |
| Plant, machinery and equipment | 23 | €47,345 | €30,311 | -€17,035 | -36.0% |
| Furniture and vehicles | 24 | €17,901 | €12,846 | -€5,055 | -28.2% |
| Current assets | 29/58 | €780,021 | €741,214 | -€38,806 | -5.0% |
| Stocks and contracts in progress | 3 | €206,226 | €214,866 | +€8,640 | +4.2% |
| Stocks | 30/36 | €206,226 | €214,866 | +€8,640 | +4.2% |
| Amounts receivable within one year | 40/41 | €78,728 | €26,583 | -€52,144 | -66.2% |
| Trade receivables | 40 | €18,673 | €3,131 | -€15,543 | -83.2% |
| Other amounts receivable | 41 | €60,054 | €23,453 | -€36,602 | -60.9% |
| Current investments | 50/53 | €149,042 | €249,042 | +€100,000 | +67.1% |
| Cash at bank and in hand | 54/58 | €343,095 | €232,354 | -€110,741 | -32.3% |
| Deferred charges and accrued income | 490/1 | €2,931 | €18,370 | +€15,439 | +527% |
| Total equity and liabilities | 10/49 | €1,380,004 | €1,296,891 | -€83,113 | -6.0% |
| Equity | 10/15 | €681,988 | €797,286 | +€115,299 | +16.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €531,988 | €647,286 | +€115,299 | +21.7% |
| Tax-exempt reserves | 132 | €18,483 | €18,483 | = | 0.0% |
| Distributable reserves | 133 | €513,504 | €628,803 | +€115,299 | +22.5% |
| Amounts payable | 17/49 | €698,017 | €499,605 | -€198,412 | -28.4% |
| Amounts payable after more than one year | 17 | €194,634 | €138,840 | -€55,794 | -28.7% |
| Financial debts | 170/4 | €194,634 | €138,840 | -€55,794 | -28.7% |
| Amounts payable within one year | 42/48 | €479,629 | €339,380 | -€140,250 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €55,439 | €55,784 | +€345 | +0.6% |
| Trade debts | 44 | €123,456 | €115,446 | -€8,010 | -6.5% |
| Suppliers | 440/4 | €123,456 | €115,446 | -€8,010 | -6.5% |
| Taxes, remuneration and social security | 45 | €0 | €1,082 | +€1,082 | |
| Taxes | 450/3 | €0 | €1,082 | +€1,082 | |
| Other amounts payable | 47/48 | €300,735 | €167,068 | -€133,667 | -44.4% |
| Accrued charges and deferred income | 492/3 | €23,753 | €21,385 | -€2,368 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,029 | €93,296 | +€12,267 | +15.1% |
| Other operating charges | 640/8 | €5,408 | €6,165 | +€757 | +14.0% |
| Gross operating margin | 9900 | €214,005 | €286,343 | +€72,337 | +33.8% |
| Operating profit (loss) | 9901 | €127,569 | €186,882 | +€59,313 | +46.5% |
| Financial income | 75/76B | €8,530 | €6,006 | -€2,525 | -29.6% |
| Recurring financial income | 75 | €8,530 | €6,006 | -€2,525 | -29.6% |
| Financial charges | 65/66B | €25,903 | €24,734 | -€1,169 | -4.5% |
| Recurring financial charges | 65 | €25,903 | €24,734 | -€1,169 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €110,196 | €168,153 | +€57,958 | +52.6% |
| Income taxes | 67/77 | €35,027 | €52,854 | +€17,828 | +50.9% |
| Profit (loss) for the period | 9904 | €75,169 | €115,299 | +€40,130 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €75,169 | €115,299 | +€40,130 | +53.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.