D'HOEN TRAN: 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'HOEN TRAN
Largest movements
- Tangible fixed assets -€22,742
down €22,742 (-5.1%), from €444,381 to €421,639
of which Land and buildings: -€19,531
- Cash -€15,309
down €15,309 (-71.8%), from €21,326 to €6,017
mainly Debts after one year (-€46,640) and Net result for the year (-€25,412)
- Debts after one year -€46,640
down €46,640 (-52.1%), from €89,604 to €42,964
- Other debts +€40,793
up €40,793 (+309%), from €13,204 to €53,997
- Reserves -€25,412
down €25,412 (-8.5%), from €299,033 to €273,621
of which Distributable reserves: -€25,412
- Trade debts -€5,028
down €5,028 (-91.2%), from €5,514 to €486
- Gross operating margin -€88,055
down €88,055 (-88.3%), from €99,751 to €11,696
- Staff costs -€26,926
down €26,926 (-86.4%), from €31,150 to €4,225
- Taxes -€11,734
down €11,734 (-100.0%), from €11,734 to €0
- Financial charges +€1,139
up €1,139 (+98.5%), from €1,156 to €2,295
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 | €469,120 | €430,552 | -€38,568 | -8.2% |
| Fixed assets | 21/28 | €444,381 | €421,639 | -€22,742 | -5.1% |
| Tangible fixed assets | 22/27 | €444,381 | €421,639 | -€22,742 | -5.1% |
| Land and buildings | 22 | €439,402 | €419,871 | -€19,531 | -4.4% |
| Plant, machinery and equipment | 23 | €4,979 | €1,768 | -€3,211 | -64.5% |
| Current assets | 29/58 | €24,739 | €8,913 | -€15,826 | -64.0% |
| Amounts receivable within one year | 40/41 | €2,266 | €2,266 | -€0 | 0.0% |
| Other amounts receivable | 41 | €2,266 | €2,266 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €21,326 | €6,017 | -€15,309 | -71.8% |
| Deferred charges and accrued income | 490/1 | €1,147 | €630 | -€517 | -45.1% |
| Total equity and liabilities | 10/49 | €469,120 | €430,552 | -€38,568 | -8.2% |
| Equity | 10/15 | €311,433 | €286,021 | -€25,412 | -8.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €299,033 | €273,621 | -€25,412 | -8.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €297,173 | €271,761 | -€25,412 | -8.6% |
| Amounts payable | 17/49 | €157,687 | €144,531 | -€13,155 | -8.3% |
| Amounts payable after more than one year | 17 | €89,604 | €42,964 | -€46,640 | -52.1% |
| Financial debts | 170/4 | €89,604 | €42,964 | -€46,640 | -52.1% |
| Amounts payable within one year | 42/48 | €68,083 | €101,567 | +€33,484 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | €46,383 | €46,634 | +€251 | +0.5% |
| Trade debts | 44 | €5,514 | €486 | -€5,028 | -91.2% |
| Suppliers | 440/4 | €5,514 | €486 | -€5,028 | -91.2% |
| Taxes, remuneration and social security | 45 | €2,982 | €449 | -€2,532 | -84.9% |
| Taxes | 450/3 | - | €449 | +€449 | |
| Remuneration and social security | 454/9 | €2,982 | - | -€2,982 | |
| Other amounts payable | 47/48 | €13,204 | €53,997 | +€40,793 | +309% |
| Remuneration, social security and pensions | 62 | €31,150 | €4,225 | -€26,926 | -86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,742 | €22,742 | = | 0.0% |
| Other operating charges | 640/8 | €7,852 | €7,847 | -€5 | -0.1% |
| Gross operating margin | 9900 | €99,751 | €11,696 | -€88,055 | -88.3% |
| Operating profit (loss) | 9901 | €38,008 | -€23,117 | -€61,125 | |
| Financial charges | 65/66B | €1,156 | €2,295 | +€1,139 | +98.5% |
| Recurring financial charges | 65 | €1,156 | €2,295 | +€1,139 | +98.5% |
| Profit (loss) for the period before taxes | 9903 | €36,852 | -€25,412 | -€62,264 | |
| Income taxes | 67/77 | €11,734 | €0 | -€11,734 | -100.0% |
| Profit (loss) for the period | 9904 | €25,118 | -€25,412 | -€50,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,118 | -€25,412 | -€50,530 |
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 29 October 2026 via checked.be.