D'HAENE: 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.
D'HAENE
Largest movements
- Receivables within one year +€17,231
up €17,231 (+125.6%), from €13,718 to €30,950
of which Trade receivables: +€17,852
- Tangible fixed assets -€6,973
down €6,973 (-13.8%), from €50,378 to €43,405
of which Furniture and vehicles: -€11,759
- Profit (loss) carried forward +€18,955
up €18,955 (+25.0%), from €75,702 to €94,657
- Current portion of long-term debt -€14,328
down €14,328 (-88.0%), from €16,274 to €1,945
- Tax, wage and social debts +€4,341
up €4,341 (+62.6%), from €6,939 to €11,280
of which Taxes: +€4,341
- Trade debts +€2,947
up €2,947 (+133.0%), from €2,216 to €5,163
- Debts after one year -€1,945
down €1,945 (-100.0%), from €1,945 to €0
- Gross operating margin +€5,407
up €5,407 (+11.9%), from €45,310 to €50,717
- Depreciation +€3,307
up €3,307 (+16.9%), from €19,514 to €22,822
- Taxes +€1,933
up €1,933 (+38.4%), from €5,039 to €6,973
- Financial charges -€679
down €679 (-47.0%), from €1,447 to €767
of which Non-recurring financial charges: -€429
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.
Cash bridge derived
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 | €118,444 | €129,287 | +€10,843 | +9.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €50,378 | €43,405 | -€6,973 | -13.8% |
| Tangible fixed assets | 22/27 | €50,378 | €43,405 | -€6,973 | -13.8% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €10,598 | €15,384 | +€4,786 | +45.2% |
| Furniture and vehicles | 24 | €39,780 | €28,021 | -€11,759 | -29.6% |
| Current assets | 29/58 | €68,067 | €85,882 | +€17,816 | +26.2% |
| Stocks and contracts in progress | 3 | - | €16 | +€16 | |
| Stocks | 30/36 | - | €16 | +€16 | |
| Amounts receivable within one year | 40/41 | €13,718 | €30,950 | +€17,231 | +125.6% |
| Trade receivables | 40 | €8,385 | €26,236 | +€17,852 | +212.9% |
| Other amounts receivable | 41 | €5,333 | €4,713 | -€620 | -11.6% |
| Cash at bank and in hand | 54/58 | €53,597 | €54,600 | +€1,003 | +1.9% |
| Deferred charges and accrued income | 490/1 | €751 | €317 | -€434 | -57.8% |
| Total equity and liabilities | 10/49 | €118,444 | €129,287 | +€10,843 | +9.2% |
| Equity | 10/15 | €85,702 | €104,657 | +€18,955 | +22.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,702 | €94,657 | +€18,955 | +25.0% |
| Amounts payable | 17/49 | €32,742 | €24,630 | -€8,113 | -24.8% |
| Amounts payable after more than one year | 17 | €1,945 | €0 | -€1,945 | -100.0% |
| Financial debts | 170/4 | €1,945 | €0 | -€1,945 | -100.0% |
| Amounts payable within one year | 42/48 | €30,797 | €24,630 | -€6,167 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €16,274 | €1,945 | -€14,328 | -88.0% |
| Trade debts | 44 | €2,216 | €5,163 | +€2,947 | +133.0% |
| Suppliers | 440/4 | €2,216 | €5,163 | +€2,947 | +133.0% |
| Taxes, remuneration and social security | 45 | €6,939 | €11,280 | +€4,341 | +62.6% |
| Taxes | 450/3 | €5,039 | €9,380 | +€4,341 | +86.1% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €5,368 | €6,241 | +€873 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,514 | €22,822 | +€3,307 | +16.9% |
| Other operating charges | 640/8 | €852 | €1,313 | +€461 | +54.0% |
| Gross operating margin | 9900 | €45,310 | €50,717 | +€5,407 | +11.9% |
| Operating profit (loss) | 9901 | €24,944 | €26,583 | +€1,639 | +6.6% |
| Financial income | 75/76B | - | €113 | +€113 | |
| Recurring financial income | 75 | - | €113 | +€113 | |
| Financial charges | 65/66B | €1,447 | €767 | -€679 | -47.0% |
| Recurring financial charges | 65 | €1,018 | €767 | -€250 | -24.6% |
| Non-recurring financial charges | 66B | €429 | - | -€429 | |
| Profit (loss) for the period before taxes | 9903 | €23,497 | €25,928 | +€2,431 | +10.3% |
| Income taxes | 67/77 | €5,039 | €6,973 | +€1,933 | +38.4% |
| Profit (loss) for the period | 9904 | €18,458 | €18,955 | +€498 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,458 | €18,955 | +€498 | +2.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.