AW D'Hanis: what changed
AW D'Hanis
Largest movements
- Receivables within one year -€46,100
down €46,100 (-62.1%), from €74,280 to €28,180
of which Other amounts receivable: -€63,352
- Tangible fixed assets +€8,285
up €8,285 (+74.9%), from €11,066 to €19,351
of which Plant, machinery and equipment: +€7,309
- Deferred charges and accrued income +€2,408
new in 2025: €2,408
- Cash -€1,365
down €1,365 (-65.7%), from €2,076 to €711
mainly Other debts (-€69,319) and Investment in fixed assets (net) (-€14,060)
- Other debts -€69,319
down €69,319 (-96.3%), from €72,000 to €2,681
- Reserves +€21,806
up €21,806 (+2,660%), from €820 to €22,626
- Trade debts +€15,271
up €15,271 (+201%), from €7,585 to €22,856
- Tax, wage and social debts -€4,530
down €4,530 (-90.2%), from €5,022 to €492
of which Taxes: -€2,530
- Gross operating margin -€10,370
down €10,370 (-22.4%), from €46,300 to €35,930
- Taxes -€2,529
down €2,529 (-28.0%), from €9,022 to €6,493
- Depreciation +€1,601
up €1,601 (+38.4%), from €4,174 to €5,776
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,426 | €50,655 | -€36,771 | -42.1% |
| Fixed assets | 21/28 | €11,071 | €19,356 | +€8,285 | +74.8% |
| Tangible fixed assets | 22/27 | €11,066 | €19,351 | +€8,285 | +74.9% |
| Plant, machinery and equipment | 23 | €5,652 | €12,962 | +€7,309 | +129% |
| Furniture and vehicles | 24 | €4,599 | €3,580 | -€1,020 | -22.2% |
| Other tangible fixed assets | 26 | €815 | €2,810 | +€1,995 | +245% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €76,355 | €31,299 | -€45,056 | -59.0% |
| Amounts receivable within one year | 40/41 | €74,280 | €28,180 | -€46,100 | -62.1% |
| Trade receivables | 40 | €9,704 | €26,957 | +€17,252 | +178% |
| Other amounts receivable | 41 | €64,575 | €1,223 | -€63,352 | -98.1% |
| Cash at bank and in hand | 54/58 | €2,076 | €711 | -€1,365 | -65.7% |
| Deferred charges and accrued income | 490/1 | - | €2,408 | +€2,408 | |
| Total equity and liabilities | 10/49 | €87,426 | €50,655 | -€36,771 | -42.1% |
| Equity | 10/15 | €2,820 | €24,626 | +€21,806 | +773% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €820 | €22,626 | +€21,806 | +2,660% |
| Distributable reserves | 133 | €820 | €22,626 | +€21,806 | +2,660% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €84,607 | €26,029 | -€58,578 | -69.2% |
| Amounts payable within one year | 42/48 | €84,607 | €26,029 | -€58,578 | -69.2% |
| Trade debts | 44 | €7,585 | €22,856 | +€15,271 | +201% |
| Suppliers | 440/4 | €7,585 | €22,856 | +€15,271 | +201% |
| Taxes, remuneration and social security | 45 | €5,022 | €492 | -€4,530 | -90.2% |
| Taxes | 450/3 | €3,022 | €492 | -€2,530 | -83.7% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €72,000 | €2,681 | -€69,319 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,174 | €5,776 | +€1,601 | +38.4% |
| Other operating charges | 640/8 | €627 | €677 | +€50 | +7.9% |
| Non-recurring operating charges | 66A | - | €27 | +€27 | |
| Gross operating margin | 9900 | €46,300 | €35,930 | -€10,370 | -22.4% |
| Operating profit (loss) | 9901 | €41,499 | €29,451 | -€12,048 | -29.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,048 | €1,152 | +€104 | +9.9% |
| Recurring financial charges | 65 | €1,048 | €1,152 | +€104 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €40,451 | €28,299 | -€12,152 | -30.0% |
| Income taxes | 67/77 | €9,022 | €6,493 | -€2,529 | -28.0% |
| Profit (loss) for the period | 9904 | €31,429 | €21,806 | -€9,622 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,429 | €21,806 | -€9,622 | -30.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.