Ter Hutte: 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.
What changed
Ter Hutte
NACE 01.500, Mixed farming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€40,814
2024 · -€1.0m+€1.0m
Equity
€1.0m
2024 · €987,584+€30,006
Cash
€761
2024 · €3,317-€2,556
Balance sheet total
€2.3m
2024 · €2.4m-€126,146
Largest movements
Assets
- Tangible fixed assets -€92,174
down €92,174 (-3.9%), from €2.4m to €2.3m
of which Plant, machinery and equipment: -€58,923
- Receivables within one year -€30,187
down €30,187 (-75.2%), from €40,134 to €9,947
of which Trade receivables: -€16,433
Equity and liabilities
- Debts after one year -€105,400
down €105,400 (-12.1%), from €868,378 to €762,978
- Other debts -€45,650
down €45,650 (-15.3%), from €298,011 to €252,361
- Profit (loss) carried forward +€40,814
up €40,814 (+4.1%), from -€1.0m to -€960,523
Income statement
- Gross operating margin +€1.0m
up €1.0m, from -€866,809 to €164,537
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
-€1.0m
Gross operating margin
+€1.0m
Staff costs
+€671
Depreciation
+€5,603
Other operating charges
+€1,665
Financial charges
+€2,867
Result 2025
€40,814
raises the result
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.
From operations
+€109,001
Investment
€0
Financing
-€111,557
Cash 2024
€3,317
From operations (derived)
+€109,001
Net result for the year
+€40,814
Depreciation
+€92,174
Receivables within one year
+€30,187
Deferred charges and accrued income
+€1,230
Provisions
-€569
Trade debts
-€9,652
Tax, wage and social debts
+€468
Other debts
-€45,650
Financing
-€111,557
Debts after one year
-€105,400
Short-term financial debts
+€4,650
Contributions, distributions and other
-€10,807
Cash 2025
€761
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,426,323 | €2,300,177 | -€126,146 | -5.2% |
| Fixed assets | 21/28 | €2,380,110 | €2,287,936 | -€92,174 | -3.9% |
| Tangible fixed assets | 22/27 | €2,379,366 | €2,287,192 | -€92,174 | -3.9% |
| Land and buildings | 22 | €1,919,390 | €1,887,476 | -€31,914 | -1.7% |
| Plant, machinery and equipment | 23 | €456,682 | €397,759 | -€58,923 | -12.9% |
| Furniture and vehicles | 24 | €359 | €0 | -€359 | -100% |
| Leasing and similar rights | 25 | €2,935 | €1,957 | -€978 | -33.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €46,214 | €12,241 | -€33,972 | -73.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €40,134 | €9,947 | -€30,187 | -75.2% |
| Trade receivables | 40 | €16,433 | €0 | -€16,433 | -100% |
| Other amounts receivable | 41 | €23,701 | €9,947 | -€13,754 | -58.0% |
| Cash at bank and in hand | 54/58 | €3,317 | €761 | -€2,556 | -77.1% |
| Deferred charges and accrued income | 490/1 | €2,763 | €1,533 | -€1,230 | -44.5% |
| Total equity and liabilities | 10/49 | €2,426,323 | €2,300,177 | -€126,146 | -5.2% |
| Equity | 10/15 | €987,584 | €1,017,590 | +€30,006 | +3.0% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €365,007 | €365,007 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €360,007 | €360,007 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,001,337 | -€960,523 | +€40,814 | +4.1% |
| Investment grants | 15 | €123,914 | €113,107 | -€10,807 | -8.7% |
| Provisions and deferred taxes | 16 | €6,522 | €5,953 | -€569 | -8.7% |
| Deferred taxes | 168 | €6,522 | €5,953 | -€569 | -8.7% |
| Amounts payable | 17/49 | €1,432,218 | €1,276,634 | -€155,584 | -10.9% |
| Amounts payable after more than one year | 17 | €868,378 | €762,978 | -€105,400 | -12.1% |
| Financial debts | 170/4 | €868,378 | €762,978 | -€105,400 | -12.1% |
| Amounts payable within one year | 42/48 | €563,840 | €513,656 | -€50,184 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €91,400 | €91,400 | = | 0.0% |
| Financial debts | 43 | €140,000 | €144,650 | +€4,650 | +3.3% |
| Credit institutions | 430/8 | - | €24,650 | +€24,650 | |
| Other loans | 439 | €140,000 | €120,000 | -€20,000 | -14.3% |
| Trade debts | 44 | €33,291 | €23,639 | -€9,652 | -29.0% |
| Suppliers | 440/4 | €33,291 | €23,639 | -€9,652 | -29.0% |
| Taxes, remuneration and social security | 45 | €1,138 | €1,605 | +€468 | +41.1% |
| Taxes | 450/3 | €1,138 | €1,605 | +€468 | +41.1% |
| Other amounts payable | 47/48 | €298,011 | €252,361 | -€45,650 | -15.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €6,500 | +€6,500 | |
| Remuneration, social security and pensions | 62 | €1,016 | €346 | -€671 | -66.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,777 | €92,174 | -€5,603 | -5.7% |
| Other operating charges | 640/8 | €24,078 | €22,413 | -€1,665 | -6.9% |
| Gross operating margin | 9900 | -€866,809 | €164,537 | +€1.0m | |
| Operating profit (loss) | 9901 | -€989,679 | €49,604 | +€1.0m | |
| Financial income | 75/76B | €10,807 | €10,807 | = | 0.0% |
| Recurring financial income | 75 | €10,807 | €10,807 | = | 0.0% |
| Financial charges | 65/66B | €22,465 | €19,598 | -€2,867 | -12.8% |
| Recurring financial charges | 65 | €22,465 | €19,598 | -€2,867 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,001,337 | €40,814 | +€1.0m | |
| Transfer from deferred taxes | 780 | €569 | €569 | = | 0.0% |
| Income taxes | 67/77 | €569 | €569 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€1,001,337 | €40,814 | +€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,001,337 | €40,814 | +€1.0m |
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.