D’HAENE INVEST: what changed
D’HAENE INVEST
Largest movements
- Financial fixed assets +€300,000
up €300,000 (+82,645%), from €363 to €300,363
- Cash -€87,101
down €87,101 (-60.9%), from €143,100 to €55,998
mainly Investment in fixed assets (net) (-€326,465) and Receivables within one year (-€23,120)
- Tangible fixed assets -€32,339
down €32,339 (-2.4%), from €1.4m to €1.3m
of which Land and buildings: -€55,175
- Receivables within one year +€23,120
up €23,120 (+2,142%), from €1,080 to €24,200
of which Trade receivables: +€24,200
- Profit (loss) carried forward +€148,835
up €148,835 (+56.7%), from €262,609 to €411,444
- Tax, wage and social debts +€55,120
up €55,120 (+603%), from €9,139 to €64,259
- Gross operating margin +€74,261
up €74,261 (+42.0%), from €176,743 to €251,005
- Depreciation +€35,393
up €35,393 (+151%), from €23,412 to €58,804
- Taxes +€9,783
up €9,783 (+29.5%), from €33,167 to €42,950
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 | €1,515,424 | €1,719,104 | +€203,680 | +13.4% |
| Fixed assets | 21/28 | €1,371,244 | €1,638,905 | +€267,661 | +19.5% |
| Tangible fixed assets | 22/27 | €1,370,881 | €1,338,542 | -€32,339 | -2.4% |
| Land and buildings | 22 | €1,365,646 | €1,310,470 | -€55,175 | -4.0% |
| Furniture and vehicles | 24 | - | €16,416 | +€16,416 | |
| Other tangible fixed assets | 26 | €5,236 | €11,655 | +€6,419 | +123% |
| Financial fixed assets | 28 | €363 | €300,363 | +€300,000 | +82,645% |
| Current assets | 29/58 | €144,179 | €80,198 | -€63,981 | -44.4% |
| Amounts receivable within one year | 40/41 | €1,080 | €24,200 | +€23,120 | +2,142% |
| Trade receivables | 40 | - | €24,200 | +€24,200 | |
| Other amounts receivable | 41 | €1,080 | - | -€1,080 | |
| Cash at bank and in hand | 54/58 | €143,100 | €55,998 | -€87,101 | -60.9% |
| Total equity and liabilities | 10/49 | €1,515,424 | €1,719,104 | +€203,680 | +13.4% |
| Equity | 10/15 | €267,609 | €416,444 | +€148,835 | +55.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €262,609 | €411,444 | +€148,835 | +56.7% |
| Amounts payable | 17/49 | €1,247,815 | €1,302,660 | +€54,845 | +4.4% |
| Amounts payable after more than one year | 17 | €1,234,500 | €1,234,500 | = | 0.0% |
| Other amounts payable | 178/9 | €1,234,500 | €1,234,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,315 | €68,160 | +€54,845 | +412% |
| Trade debts | 44 | €752 | €459 | -€293 | -39.0% |
| Suppliers | 440/4 | €752 | €459 | -€293 | -39.0% |
| Taxes, remuneration and social security | 45 | €9,139 | €64,259 | +€55,120 | +603% |
| Taxes | 450/3 | €9,139 | €64,259 | +€55,120 | +603% |
| Other amounts payable | 47/48 | €3,424 | €3,442 | +€18 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,412 | €58,804 | +€35,393 | +151% |
| Other operating charges | 640/8 | €683 | €400 | -€284 | -41.5% |
| Gross operating margin | 9900 | €176,743 | €251,005 | +€74,261 | +42.0% |
| Operating profit (loss) | 9901 | €152,648 | €191,801 | +€39,153 | +25.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €89 | €16 | -€73 | -82.2% |
| Recurring financial charges | 65 | €89 | €16 | -€73 | -82.2% |
| Profit (loss) for the period before taxes | 9903 | €152,560 | €191,785 | +€39,225 | +25.7% |
| Income taxes | 67/77 | €33,167 | €42,950 | +€9,783 | +29.5% |
| Profit (loss) for the period | 9904 | €119,393 | €148,835 | +€29,442 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €119,393 | €148,835 | +€29,442 | +24.7% |
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 5 November 2026 via checked.be.