D'HAUWER HANS: what changed
Two financial 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'HAUWER HANS
Largest movements
- Cash +€39,289
up €39,289 (+16.9%), from €232,418 to €271,707
mainly Net result for the year (+€54,147) and Debts after one year (+€18,716)
- Tangible fixed assets +€25,707
up €25,707 (+280%), from €9,172 to €34,879
of which Furniture and vehicles: +€26,467
- Receivables within one year +€18,539
up €18,539 (+270%), from €6,871 to €25,410
of which Trade receivables: +€25,410
- Reserves +€54,147
up €54,147 (+23.1%), from €234,780 to €288,927
- Debts after one year +€18,716
new in 2025: €18,716
- Tax, wage and social debts +€12,035
up €12,035 (+362%), from €3,329 to €15,364
of which Taxes: +€12,035
- Gross operating margin +€25,262
up €25,262 (+48.6%), from €51,987 to €77,249
- Taxes -€17,627
down €17,627 (-50.3%), from €35,037 to €17,409
- Depreciation -€2,135
down €2,135 (-25.8%), from €8,259 to €6,124
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.
Derived cash bridge
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 | €274,937 | €360,060 | +€85,123 | +31.0% |
| Fixed assets | 21/28 | €9,172 | €34,879 | +€25,707 | +280% |
| Tangible fixed assets | 22/27 | €9,172 | €34,879 | +€25,707 | +280% |
| Plant, machinery and equipment | 23 | €1,244 | €483 | -€760 | -61.1% |
| Furniture and vehicles | 24 | €7,928 | €34,395 | +€26,467 | +334% |
| Current assets | 29/58 | €265,765 | €325,181 | +€59,416 | +22.4% |
| Amounts receivable within one year | 40/41 | €6,871 | €25,410 | +€18,539 | +270% |
| Trade receivables | 40 | - | €25,410 | +€25,410 | |
| Other amounts receivable | 41 | €6,871 | - | -€6,871 | |
| Current investments | 50/53 | €25,011 | €25,011 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €232,418 | €271,707 | +€39,289 | +16.9% |
| Deferred charges and accrued income | 490/1 | €1,465 | €3,053 | +€1,588 | +108% |
| Total equity and liabilities | 10/49 | €274,937 | €360,060 | +€85,123 | +31.0% |
| Equity | 10/15 | €253,380 | €307,527 | +€54,147 | +21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €234,780 | €288,927 | +€54,147 | +23.1% |
| Distributable reserves | 133 | €234,780 | €288,927 | +€54,147 | +23.1% |
| Amounts payable | 17/49 | €21,557 | €52,533 | +€30,976 | +144% |
| Amounts payable after more than one year | 17 | - | €18,716 | +€18,716 | |
| Financial debts | 170/4 | - | €18,716 | +€18,716 | |
| Amounts payable within one year | 42/48 | €21,542 | €33,817 | +€12,275 | +57.0% |
| Current portion of amounts payable after more than one year | 42 | €5,447 | €5,204 | -€243 | -4.5% |
| Trade debts | 44 | €1,731 | €2,290 | +€559 | +32.3% |
| Suppliers | 440/4 | €1,731 | €2,290 | +€559 | +32.3% |
| Taxes, remuneration and social security | 45 | €3,329 | €15,364 | +€12,035 | +362% |
| Taxes | 450/3 | €1,329 | €13,364 | +€12,035 | +905% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €11,034 | €10,958 | -€76 | -0.7% |
| Accrued charges and deferred income | 492/3 | €15 | - | -€15 | |
| Non-recurring operating income | 76A | - | €21,492 | +€21,492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,259 | €6,124 | -€2,135 | -25.8% |
| Other operating charges | 640/8 | €868 | €877 | +€9 | +1.0% |
| Gross operating margin | 9900 | €51,987 | €77,249 | +€25,262 | +48.6% |
| Operating profit (loss) | 9901 | €42,859 | €70,247 | +€27,388 | +63.9% |
| Financial income | 75/76B | €2,711 | €2,210 | -€501 | -18.5% |
| Recurring financial income | 75 | €2,711 | €2,015 | -€697 | -25.7% |
| Non-recurring financial income | 76B | - | €195 | +€195 | |
| Financial charges | 65/66B | €364 | €901 | +€538 | +148% |
| Recurring financial charges | 65 | €364 | €901 | +€538 | +148% |
| Profit (loss) for the period before taxes | 9903 | €45,207 | €71,556 | +€26,349 | +58.3% |
| Income taxes | 67/77 | €35,037 | €17,409 | -€17,627 | -50.3% |
| Profit (loss) for the period | 9904 | €10,170 | €54,147 | +€43,977 | +432% |
| Profit (loss) for the period to be appropriated | 9905 | €10,170 | €54,147 | +€43,977 | +432% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.