VLEESHUIS D'HOEVE: 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.
VLEESHUIS D'HOEVE
Largest movements
- Tangible fixed assets -€12,760
down €12,760 (-4.0%), from €317,010 to €304,250
of which Plant, machinery and equipment: -€10,960
- Cash +€6,943
new in 2025: €6,943
mainly Depreciation (+€12,760) and Other debts (+€8,646)
- Receivables within one year +€5,673
up €5,673 (+15.3%), from €37,182 to €42,855
of which Trade receivables: +€6,620
- Other debts +€8,646
up €8,646 (+5.4%), from €159,218 to €167,864
- Current portion of long-term debt -€8,333
down €8,333 (-98.5%), from €8,462 to €129
- Trade debts -€6,413
down €6,413 (-16.7%), from €38,392 to €31,979
- Gross operating margin +€11,451
up €11,451 (+130%), from €8,823 to €20,275
- Financial income -€4,524
down €4,524 (-99.7%), from €4,537 to €13
- Financial charges -€1,960
down €1,960 (-73.0%), from €2,687 to €726
- Other operating charges -€420
down €420 (-12.0%), from €3,501 to €3,081
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 | €411,440 | €409,416 | -€2,024 | -0.5% |
| Fixed assets | 21/28 | €317,010 | €304,250 | -€12,760 | -4.0% |
| Tangible fixed assets | 22/27 | €317,010 | €304,250 | -€12,760 | -4.0% |
| Land and buildings | 22 | €285,925 | €285,925 | = | 0.0% |
| Plant, machinery and equipment | 23 | €26,301 | €15,341 | -€10,960 | -41.7% |
| Furniture and vehicles | 24 | €4,785 | €2,985 | -€1,800 | -37.6% |
| Current assets | 29/58 | €94,430 | €105,166 | +€10,736 | +11.4% |
| Stocks and contracts in progress | 3 | €55,368 | €55,368 | = | 0.0% |
| Stocks | 30/36 | €55,368 | €55,368 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,182 | €42,855 | +€5,673 | +15.3% |
| Trade receivables | 40 | €36,235 | €42,855 | +€6,620 | +18.3% |
| Other amounts receivable | 41 | €947 | €0 | -€947 | -100% |
| Cash at bank and in hand | 54/58 | - | €6,943 | +€6,943 | |
| Deferred charges and accrued income | 490/1 | €1,880 | €0 | -€1,880 | -100% |
| Total equity and liabilities | 10/49 | €411,440 | €409,416 | -€2,024 | -0.5% |
| Equity | 10/15 | €171,989 | €175,710 | +€3,721 | +2.2% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €72,832 | €76,552 | +€3,721 | +5.1% |
| Non-distributable reserves | 130/1 | €3,402 | €3,402 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,402 | €3,402 | = | 0.0% |
| Distributable reserves | 133 | €69,430 | €73,150 | +€3,721 | +5.4% |
| Amounts payable | 17/49 | €239,451 | €233,706 | -€5,744 | -2.4% |
| Amounts payable after more than one year | 17 | €30,827 | €30,827 | = | 0.0% |
| Financial debts | 170/4 | €30,827 | €30,827 | = | 0.0% |
| Amounts payable within one year | 42/48 | €208,623 | €202,879 | -€5,744 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €8,462 | €129 | -€8,333 | -98.5% |
| Financial debts | 43 | €2,551 | €2,229 | -€321 | -12.6% |
| Credit institutions | 430/8 | €2,551 | €2,229 | -€321 | -12.6% |
| Trade debts | 44 | €38,392 | €31,979 | -€6,413 | -16.7% |
| Suppliers | 440/4 | €38,392 | €31,979 | -€6,413 | -16.7% |
| Taxes, remuneration and social security | 45 | - | €677 | +€677 | |
| Taxes | 450/3 | - | €677 | +€677 | |
| Other amounts payable | 47/48 | €159,218 | €167,864 | +€8,646 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,760 | €12,760 | = | 0.0% |
| Other operating charges | 640/8 | €3,501 | €3,081 | -€420 | -12.0% |
| Gross operating margin | 9900 | €8,823 | €20,275 | +€11,451 | +130% |
| Operating profit (loss) | 9901 | -€7,438 | €4,434 | +€11,872 | |
| Financial income | 75/76B | €4,537 | €13 | -€4,524 | -99.7% |
| Recurring financial income | 75 | €4,537 | €13 | -€4,524 | -99.7% |
| Financial charges | 65/66B | €2,687 | €726 | -€1,960 | -73.0% |
| Recurring financial charges | 65 | €2,687 | €726 | -€1,960 | -73.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,587 | €3,721 | +€9,308 | |
| Profit (loss) for the period | 9904 | -€5,587 | €3,721 | +€9,308 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,587 | €3,721 | +€9,308 |
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 29 October 2026 via checked.be.