Ter Hoge Bomen: 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.
Ter Hoge Bomen
Largest movements
- Tangible fixed assets +€49,184
up €49,184 (+4.0%), from €1.2m to €1.3m
of which Furniture and vehicles: +€38,997
- Receivables within one year +€43,400
up €43,400 (+1,368%), from €3,172 to €46,572
of which Trade receivables: +€43,456
- Reserves +€64,040
up €64,040 (+25.3%), from €253,571 to €317,611
- Debts after one year -€32,451
down €32,451 (-3.4%), from €943,005 to €910,554
of which Financial debts: -€32,451
- Trade debts +€25,136
up €25,136 (+49.8%), from €50,519 to €75,655
- Other debts +€23,991
up €23,991 (+52.1%), from €46,013 to €70,004
- Gross operating margin +€92,858
up €92,858 (+63.4%), from €146,521 to €239,379
- Taxes +€18,517
up €18,517 (+342%), from €5,421 to €23,938
- Depreciation +€17,266
up €17,266 (+18.5%), from €93,393 to €110,659
- Financial income +€6,455
up €6,455 (+55.5%), from €11,636 to €18,090
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 | €1,543,974 | €1,627,708 | +€83,734 | +5.4% |
| Fixed assets | 21/28 | €1,249,296 | €1,293,944 | +€44,647 | +3.6% |
| Intangible fixed assets | 21 | €31,760 | €27,222 | -€4,537 | -14.3% |
| Tangible fixed assets | 22/27 | €1,215,037 | €1,264,221 | +€49,184 | +4.0% |
| Land and buildings | 22 | €753,430 | €725,337 | -€28,093 | -3.7% |
| Plant, machinery and equipment | 23 | €461,607 | €499,888 | +€38,281 | +8.3% |
| Furniture and vehicles | 24 | - | €38,997 | +€38,997 | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €294,677 | €333,764 | +€39,087 | +13.3% |
| Stocks and contracts in progress | 3 | €123,150 | €127,460 | +€4,310 | +3.5% |
| Stocks | 30/36 | €123,150 | €127,460 | +€4,310 | +3.5% |
| Amounts receivable within one year | 40/41 | €3,172 | €46,572 | +€43,400 | +1,368% |
| Trade receivables | 40 | €2,225 | €45,682 | +€43,456 | +1,953% |
| Other amounts receivable | 41 | €946 | €890 | -€56 | -5.9% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €118,355 | €109,732 | -€8,624 | -7.3% |
| Total equity and liabilities | 10/49 | €1,543,974 | €1,627,708 | +€83,734 | +5.4% |
| Equity | 10/15 | €408,378 | €465,166 | +€56,788 | +13.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €253,571 | €317,611 | +€64,040 | +25.3% |
| Distributable reserves | 133 | €253,571 | €317,611 | +€64,040 | +25.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €151,807 | €144,555 | -€7,252 | -4.8% |
| Amounts payable | 17/49 | €1,135,595 | €1,162,541 | +€26,946 | +2.4% |
| Amounts payable after more than one year | 17 | €943,005 | €910,554 | -€32,451 | -3.4% |
| Financial debts | 170/4 | €793,005 | €760,554 | -€32,451 | -4.1% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €192,590 | €251,987 | +€59,397 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €88,701 | €98,701 | +€10,000 | +11.3% |
| Trade debts | 44 | €50,519 | €75,655 | +€25,136 | +49.8% |
| Suppliers | 440/4 | €50,519 | €75,655 | +€25,136 | +49.8% |
| Taxes, remuneration and social security | 45 | €7,357 | €7,627 | +€270 | +3.7% |
| Taxes | 450/3 | €7,357 | €7,627 | +€270 | +3.7% |
| Other amounts payable | 47/48 | €46,013 | €70,004 | +€23,991 | +52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,393 | €110,659 | +€17,266 | +18.5% |
| Other operating charges | 640/8 | €14,120 | €13,227 | -€893 | -6.3% |
| Gross operating margin | 9900 | €146,521 | €239,379 | +€92,858 | +63.4% |
| Operating profit (loss) | 9901 | €39,008 | €115,493 | +€76,485 | +196% |
| Financial income | 75/76B | €11,636 | €18,090 | +€6,455 | +55.5% |
| Recurring financial income | 75 | €11,636 | €18,090 | +€6,455 | +55.5% |
| Financial charges | 65/66B | €15,010 | €16,106 | +€1,095 | +7.3% |
| Recurring financial charges | 65 | €15,010 | €16,106 | +€1,095 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €35,634 | €117,477 | +€81,844 | +230% |
| Income taxes | 67/77 | €5,421 | €23,938 | +€18,517 | +342% |
| Profit (loss) for the period | 9904 | €30,212 | €93,540 | +€63,327 | +210% |
| Profit (loss) for the period to be appropriated | 9905 | €30,212 | €93,540 | +€63,327 | +210% |
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 28 October 2026 via checked.be.