D'HOE BOUWONDERNEMING: 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'HOE BOUWONDERNEMING
Largest movements
- Receivables within one year -€112,044
down €112,044 (-55.0%), from €203,864 to €91,820
of which Trade receivables: -€101,008
- Cash +€79,694
up €79,694 (+47.0%), from €169,613 to €249,307
mainly Receivables within one year (+€112,044) and Net result for the year (+€24,599)
- Stocks and contracts -€14,553
down €14,553 (-17.4%), from €83,648 to €69,094
of which Stocks: -€9,253
- Tangible fixed assets -€11,843
down €11,843 (-14.5%), from €81,682 to €69,839
of which Land and buildings: -€8,712
- Trade debts -€42,003
down €42,003 (-63.3%), from €66,346 to €24,343
- Reserves -€24,547
down €24,547 (-8.9%), from €277,244 to €252,697
of which Distributable reserves: -€24,547
- Other debts +€12,174
up €12,174 (+32.0%), from €38,101 to €50,275
- Debts after one year -€7,000
down €7,000 (-9.7%), from €72,000 to €65,000
- Financial charges -€5,235
down €5,235 (-50.2%), from €10,438 to €5,203
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 | €572,743 | €510,890 | -€61,853 | -10.8% |
| Fixed assets | 21/28 | €81,782 | €69,939 | -€11,843 | -14.5% |
| Tangible fixed assets | 22/27 | €81,682 | €69,839 | -€11,843 | -14.5% |
| Land and buildings | 22 | €65,115 | €56,403 | -€8,712 | -13.4% |
| Plant, machinery and equipment | 23 | €13,435 | €8,216 | -€5,220 | -38.8% |
| Furniture and vehicles | 24 | €3,132 | €5,220 | +€2,089 | +66.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €490,961 | €440,951 | -€50,010 | -10.2% |
| Stocks and contracts in progress | 3 | €83,648 | €69,094 | -€14,553 | -17.4% |
| Stocks | 30/36 | €42,448 | €33,194 | -€9,253 | -21.8% |
| Contracts in progress | 37 | €41,200 | €35,900 | -€5,300 | -12.9% |
| Amounts receivable within one year | 40/41 | €203,864 | €91,820 | -€112,044 | -55.0% |
| Trade receivables | 40 | €190,231 | €89,223 | -€101,008 | -53.1% |
| Other amounts receivable | 41 | €13,633 | €2,597 | -€11,036 | -81.0% |
| Current investments | 50/53 | €30,373 | €30,729 | +€356 | +1.2% |
| Cash at bank and in hand | 54/58 | €169,613 | €249,307 | +€79,694 | +47.0% |
| Deferred charges and accrued income | 490/1 | €3,464 | - | -€3,464 | |
| Total equity and liabilities | 10/49 | €572,743 | €510,890 | -€61,853 | -10.8% |
| Equity | 10/15 | €363,533 | €338,986 | -€24,547 | -6.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €277,244 | €252,697 | -€24,547 | -8.9% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €252,244 | €227,697 | -€24,547 | -9.7% |
| Amounts payable | 17/49 | €209,209 | €171,903 | -€37,306 | -17.8% |
| Amounts payable after more than one year | 17 | €72,000 | €65,000 | -€7,000 | -9.7% |
| Financial debts | 170/4 | €72,000 | €65,000 | -€7,000 | -9.7% |
| Amounts payable within one year | 42/48 | €137,209 | €106,903 | -€30,306 | -22.1% |
| Trade debts | 44 | €66,346 | €24,343 | -€42,003 | -63.3% |
| Suppliers | 440/4 | €66,346 | €24,343 | -€42,003 | -63.3% |
| Taxes, remuneration and social security | 45 | €32,763 | €32,286 | -€477 | -1.5% |
| Taxes | 450/3 | €9,628 | €17,442 | +€7,814 | +81.2% |
| Remuneration and social security | 454/9 | €23,134 | €14,844 | -€8,291 | -35.8% |
| Other amounts payable | 47/48 | €38,101 | €50,275 | +€12,174 | +32.0% |
| Non-recurring operating income | 76A | €13,337 | - | -€13,337 | |
| Remuneration, social security and pensions | 62 | €288,170 | €289,056 | +€886 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,356 | €14,599 | -€757 | -4.9% |
| Other operating charges | 640/8 | €6,214 | €5,387 | -€827 | -13.3% |
| Gross operating margin | 9900 | €349,685 | €348,800 | -€885 | -0.3% |
| Operating profit (loss) | 9901 | €39,945 | €39,758 | -€187 | -0.5% |
| Financial income | 75/76B | €2,522 | €2,294 | -€227 | -9.0% |
| Recurring financial income | 75 | €2,522 | €2,294 | -€227 | -9.0% |
| Financial charges | 65/66B | €10,438 | €5,203 | -€5,235 | -50.2% |
| Recurring financial charges | 65 | €10,438 | €5,203 | -€5,235 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €32,029 | €36,849 | +€4,820 | +15.0% |
| Income taxes | 67/77 | €9,969 | €12,251 | +€2,282 | +22.9% |
| Profit (loss) for the period | 9904 | €22,060 | €24,599 | +€2,539 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,060 | €24,599 | +€2,539 | +11.5% |
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 11 October 2026 via checked.be.