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Financial accountability

Annual accounts

On 5 March 2024, Naktuinbouw's auditor stated that the annual accounts were prepared in accordance with Book 2, Title 9 of the Dutch Civil Code. The annual accounts present a true and fair view of the extent and composition of the assets as of 31 December 2023 and of the results noted for 2023.

The auditor also declared that the applicable inspection protocol of inspection institutions of the Ministry of Economic Affairs dated 6 February 2003 has been complied with, as well as the Senior Executives in the Public and Semi-Public Sector (Standard Remuneration) Act (WNT) inspection protocol. The Board adopted the annual accounts on 15 March 2024.

In the public sector, Naktuinbouw performs (government) tasks in accordance with Dutch and European legislation. These primarily concern inspections and variety testing. In addition, we offer a range of services for the private sector. These services are not directly based on legislation, but have a direct link with legislation. This includes services such as the accreditation systems, testing and training. Companies can decide to use these services voluntarily. A distinction is made in the fees, reports and financial accountability between the activities performed in accordance with legislation and the activities in the private sector.

In 2023, the operating volume amounted to € 36.9 million. The 2023 financial year closed with a negative result, after tax, of € 2,548,000. Naktuinbouw is financially healthy. Our solvency position is amply sufficient. Our liquidity deserves and is receiving attention.

Cost-maker cost-bearer principle

Naktuinbouw is non-profit making organisation. The inspection fees for the performance of our statutory tasks have been established in accordance with the requirements of the Seed and Planting Materials Act 2005. The fees are approved by the Minister of Agriculture, Nature and Food Quality. We operate according to the cost-maker cost-bearer principle. This means that the revenues from these activities are based on fees that cover the costs for variety testing, inspections and activities performed at the laboratories.

Funding from the Ministry of Agriculture, Nature and Food Quality

We use methodology studies to improve the quality of DUS testing commissioned by the Board for Plant Varieties and the Community Plant Variety Office (CPVO). The objective of the Plant Variety Protection Toolbox is to assist other countries in developing, implementing and improving Plant Breeders’ Rights systems. For the methodology study and for the Toolbox we received contributions of € 188,000 and € 230,000 from the Ministry of Agriculture, Nature and Food Quality.

All amounts X € 1.000,-

Cash flow statement

20232022
Operating result
-2.548
    596
Depreciation
 1.669
 1.765
Changes provisions
      56
     58
Long-term account
   -180
 
Cash flow from operationa
-1.003
 2.419
Changes in working capital
-2.258
-3.374
Investments
-2.946
   -891
Changes in cash & cash equivalents
-6.207
-1.846
Cash at 1 January
 7.138
 8.984
Cash at 31 December    931 7.138

Balance sheet at 31 December 2023

Assets

20232022
Fixed assets
11.953
11.279
Current assets
  7.623
  5.855
Cash and cash equivalents
      931
  7.137
 20.50724.271

Liabilities

20232022
Equity
12.143
14.691
Provisions
     501
     444
Current liabilities
  7.836
   9.136
 20.50724.271

Profit and loss account 2023

Revenues

20232022
Inspections
17.551
17.533
Laboratories
  9.714
10.390
Variety Testing
  9.274
  9.874
Other
     400
     574
 36.93938.371

Operating expenses

20232022
Staff expenses
28.777
26.740
Housing and depreciation
  3.825
  3.551
General and communication
  4.907
  4.306
Material en projects
  2.701
  2.959
Other operatinmg expenses
    -723
     219
Changes in equity
 -2.548
     596
 36.93938.371