VAN HEULE ELEVAGE: 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.
VAN HEULE ELEVAGE
Largest movements
- Tangible fixed assets +€65,566
up €65,566 (+26.2%), from €250,713 to €316,278
of which Plant, machinery and equipment: +€73,628
- Stocks and contracts -€25,108
down €25,108 (-9.7%), from €259,700 to €234,592
- Receivables within one year +€18,968
up €18,968 (+101.4%), from €18,698 to €37,666
of which Trade receivables: +€14,291
- Debts after one year +€39,069
up €39,069 (+32.5%), from €120,185 to €159,254
- Trade debts +€16,023
up €16,023 (+28.9%), from €55,446 to €71,469
- Tax, wage and social debts -€11,089
down €11,089 (-72.4%), from €15,313 to €4,224
- Reserves +€6,777
up €6,777 (+4.9%), from €137,330 to €144,107
of which Distributable reserves: +€8,427
- Gross operating margin +€10,399
up €10,399 (+27.5%), from €37,842 to €48,241
- Depreciation +€7,713
up €7,713 (+28.2%), from €27,323 to €35,036
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 | €536,809 | €591,914 | +€55,105 | +10.3% |
| Fixed assets | 21/28 | €250,713 | €316,278 | +€65,566 | +26.2% |
| Tangible fixed assets | 22/27 | €250,713 | €316,278 | +€65,566 | +26.2% |
| Land and buildings | 22 | €167,008 | €157,429 | -€9,579 | -5.7% |
| Plant, machinery and equipment | 23 | €15,434 | €89,062 | +€73,628 | +477.1% |
| Leasing and similar rights | 25 | €60,727 | €50,740 | -€9,987 | -16.4% |
| Other tangible fixed assets | 26 | €7,544 | €19,047 | +€11,503 | +152.5% |
| Current assets | 29/58 | €286,096 | €275,636 | -€10,460 | -3.7% |
| Stocks and contracts in progress | 3 | €259,700 | €234,592 | -€25,108 | -9.7% |
| Stocks | 30/36 | €259,700 | €234,592 | -€25,108 | -9.7% |
| Amounts receivable within one year | 40/41 | €18,698 | €37,666 | +€18,968 | +101.4% |
| Trade receivables | 40 | €12,111 | €26,402 | +€14,291 | +118.0% |
| Other amounts receivable | 41 | €6,587 | €11,264 | +€4,677 | +71.0% |
| Cash at bank and in hand | 54/58 | €7,698 | €3,378 | -€4,320 | -56.1% |
| Total equity and liabilities | 10/49 | €536,809 | €591,914 | +€55,105 | +10.3% |
| Equity | 10/15 | €143,530 | €150,307 | +€6,777 | +4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €137,330 | €144,107 | +€6,777 | +4.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,592 | €3,942 | -€1,650 | -29.5% |
| Distributable reserves | 133 | €129,878 | €138,305 | +€8,427 | +6.5% |
| Provisions and deferred taxes | 16 | €1,864 | €1,314 | -€550 | -29.5% |
| Deferred taxes | 168 | €1,864 | €1,314 | -€550 | -29.5% |
| Amounts payable | 17/49 | €391,415 | €440,293 | +€48,878 | +12.5% |
| Amounts payable after more than one year | 17 | €120,185 | €159,254 | +€39,069 | +32.5% |
| Financial debts | 170/4 | €120,185 | €159,254 | +€39,069 | +32.5% |
| Amounts payable within one year | 42/48 | €265,870 | €275,639 | +€9,769 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €16,944 | €20,944 | +€4,000 | +23.6% |
| Financial debts | 43 | €9,987 | €9,987 | = | 0.0% |
| Other loans | 439 | €9,987 | €9,987 | = | 0.0% |
| Trade debts | 44 | €55,446 | €71,469 | +€16,023 | +28.9% |
| Suppliers | 440/4 | €55,446 | €71,469 | +€16,023 | +28.9% |
| Taxes, remuneration and social security | 45 | €15,313 | €4,224 | -€11,089 | -72.4% |
| Taxes | 450/3 | €15,313 | €4,224 | -€11,089 | -72.4% |
| Other amounts payable | 47/48 | €168,180 | €169,016 | +€835 | +0.5% |
| Accrued charges and deferred income | 492/3 | €5,360 | €5,400 | +€40 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,323 | €35,036 | +€7,713 | +28.2% |
| Other operating charges | 640/8 | €1,028 | €1,230 | +€202 | +19.7% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €37,842 | €48,241 | +€10,399 | +27.5% |
| Operating profit (loss) | 9901 | €9,492 | €11,975 | +€2,483 | +26.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Non-recurring financial income | 76B | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,978 | €3,509 | -€469 | -11.8% |
| Recurring financial charges | 65 | €3,978 | €3,509 | -€469 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €5,514 | €8,467 | +€2,952 | +53.5% |
| Transfer from deferred taxes | 780 | €550 | €550 | = | 0.0% |
| Income taxes | 67/77 | €1,985 | €2,240 | +€255 | +12.9% |
| Profit (loss) for the period | 9904 | €4,080 | €6,777 | +€2,697 | +66.1% |
| Transfer from tax-exempt reserves | 789 | €1,650 | €1,650 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,730 | €8,427 | +€2,697 | +47.1% |
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 29 September 2026 via checked.be.