06.6 Notes to the consolidated profit and loss statement
14. Net turnover
Net turnover can be specified as follows in accordance with important yield categories:
(in €)
| 2025/2026 | 2024/2025 | |
|---|---|---|
| Seed potatoes | 416.055 | 477.341 |
| Licenses | 27.170 | 30.541 |
| Ware potatoes | 4.768 | 15.292 |
| Services | 1.274 | 1.551 |
| Other | 850 | 447 |
| 450.117 | 525.172 |
The following overview is provided for the net revenue/percentage spread over the sales areas:
| 2025/2026 | 2024/2025 | |||
|---|---|---|---|---|
| EUR | % | EUR | % | |
| The Netherlands | 60.655 | 14 | 78.751 | 15 |
| Other E.U. countries | 215.669 | 48 | 240.036 | 46 |
| Other European countries | 42.120 | 9 | 48.739 | 9 |
| Outside Europe | 131.673 | 29 | 157.646 | 30 |
| 450.117 | 100 | 525.172 | 100 |
15. Other operating income
Other income includes revenue from sales of other products and services (EUR 786k), grant income (EUR 320k), realized results on property sales (EUR 806k) and realized results on sale of participations (EUR 749k).
16. Personnel expenses
| 2025/2026 | 2024/2025 | |
|---|---|---|
| Personnel expenses | 29.054 | 27.195 |
| Social security costs | 5.288 | 4.906 |
| Pension costs | 4.084 | 3.736 |
| 38.426 | 35.837 |
For the Dutch employees of HZPC Holland B.V. and ZOS, personnel costs include the provision of HZPC share certificates.
Number of employees
During the financial year, the average number of employees at Royal HZPC Group B.V. and its subsidiaries was 454 FTE, of which 286 FTE are employed in the Netherlands (previous financial year 404 FTE, of which 286 FTE were employed in the Netherlands).
Specification number of FTE's
| 2025/2026 | 2024/2025 | |
|---|---|---|
| Management, administration and IT | 124 | 99 |
| Commerce and communication | 88 | 80 |
| Purchasing and logistic planning | 125 | 107 |
| Storage, grading and transport | 30 | 26 |
| Research | 88 | 92 |
| 454 | 404 |
17. Other operating expenses
| 2025/2026 | 2024/2025 | |
|---|---|---|
| Sales costs | 5.080 | 6.789 |
| Office costs | 4.960 | 4.933 |
| Staff relates costs | 8.567 | 9.487 |
| Repair and maintenance | 3.269 | 3.028 |
| Other costs | 7.968 | 9.667 |
| 29.844 | 33.904 |
The cost of sales includes EUR 0 (2024/2025 EUR 1.5 million) for Connecting Growers. Other costs consist of taxes, insurance, energy and various costs for the purpose of Research & Development.
18. Interest receivable and similar income
| 2025/2026 | 2024/2025 | |
|---|---|---|
| Received interest debtors | 236 | 37 |
| Received interest R/C | 617 | 858 |
| Currency differences | 15 | 0 |
| 868 | 895 |
19. Interest payable and similar charges
| 2025/2026 | 2024/2025 | |
|---|---|---|
| Disconto | 42 | 267 |
| Interest R/C | 2.432 | 1.680 |
| Currency and payment differences | 0 | 1.281 |
| Other interest | 652 | 473 |
| 3.126 | 3.701 |
20. Corporate income tax
| 2025/2026 | 2024/2025 | |
|---|---|---|
| Applicable tax rate in The Netherlands | 25,8% | 25,8% |
| Foreign effect | 6,8% | -0,3% |
| Non-deductible amounts | 2,4% | 2,7% |
| Prior year adjustments | -3,0% | 0,0% |
| Non recognized deferred taks asset | 4,7% | 0,0% |
| Other | 0,7% | 0,2% |
| Effective pressure | 37,4% | 28,4% |
In absolute amounts, the reconciling items have remained relatively stable compared to the significant decrease in the profit before tax.
The company forms a fiscal unit for corporation tax together with HZPC Holland B.V., STET Holland B.V., ZOS B.V., HZPC SBDA B.V., HZPC SBA Europe B.V., HZPC Research B.V. and IPR B.V. The corporate income tax is included in each of the companies for the part that the company concerned would be due at a nominal rate, not taking into account any tax facilities applicable for the company.
Other explanatory notes
Transaction with related parties
Transactions with related parties occur when a relationship exists between the company, its participating interests and their managers and directors. This includes the relationships between the company and its participating interests, the shareholders, the directors and key management personnel. Other transactions are to be understood as a transfer of resources, services or obligations, regardless of whether a sum is charged.
There were no transactions with related parties that were not on a commercial basis.
Auditor's fees
The following fees were charged by the auditors to the company, its subsidiaries and other consolidated companies, as referred to in Section 2:382a (1) and (2) of the Netherlands Civil Code. EY Accountants B.V. is responsible for the audit of the Royal HZPC Group B.V. annual accounts. Auditor’s fees have been recognised based on the agreed fee. Subsequent costs are processed at the time of invoicing.
| 2025/2026 | 2024/2025 | |
|---|---|---|
| Expenses in the year: | ||
| Audit of the financial statements, the Netherlands (EY Accountants B.V.) | 660 | 436 |
| Other non-audit services (EY Accountants B.V.) | 0 | 43 |
| Auditor's fees | 660 | 479 |
Remuneration of managing and supervisory directors
Refer to the notes to the separate company financial statement on page 92.
Subsequent events to the consolidated financial statements
DSS Opslag B.V. is merged with STET Holland B.V. per 1 July 2026. HZPC Ltd is liquidated in July 2026 without financial consequences.