D’Hoeve: 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’Hoeve
Largest movements
- Cash +€31,577
up €31,577 (+39.2%), from €80,549 to €112,126
mainly Debts after one year (+€32,613) and Net result for the year (+€25,752)
- Tangible fixed assets +€31,117
up €31,117 (+284%), from €10,940 to €42,057
of which Furniture and vehicles: +€37,595
- Intangible fixed assets -€3,000
down €3,000 (-12.5%), from €24,049 to €21,049
- Stocks and contracts +€1,905
up €1,905 (+47.5%), from €4,011 to €5,916
- Debts after one year +€32,613
new in 2025: €32,613
- Profit (loss) carried forward +€25,752
up €25,752 (+38.3%), from €67,291 to €93,043
- Trade debts -€5,403
down €5,403 (-23.6%), from €22,865 to €17,462
- Current portion of long-term debt +€5,082
new in 2025: €5,082
- Tax, wage and social debts +€4,347
up €4,347 (+15.8%), from €27,464 to €31,811
of which Remuneration and social security: +€3,708
- Depreciation +€7,921
up €7,921 (+80.8%), from €9,801 to €17,721
- Staff costs +€6,301
up €6,301 (+7.4%), from €84,862 to €91,163
- Taxes -€2,819
down €2,819 (-29.1%), from €9,692 to €6,873
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 | €119,953 | €182,343 | +€62,390 | +52.0% |
| Fixed assets | 21/28 | €34,989 | €63,106 | +€28,117 | +80.4% |
| Intangible fixed assets | 21 | €24,049 | €21,049 | -€3,000 | -12.5% |
| Tangible fixed assets | 22/27 | €10,940 | €42,057 | +€31,117 | +284% |
| Plant, machinery and equipment | 23 | €9,379 | €2,900 | -€6,479 | -69.1% |
| Furniture and vehicles | 24 | €1,561 | €39,157 | +€37,595 | +2,408% |
| Current assets | 29/58 | €84,964 | €119,237 | +€34,273 | +40.3% |
| Stocks and contracts in progress | 3 | €4,011 | €5,916 | +€1,905 | +47.5% |
| Stocks | 30/36 | €4,011 | €5,916 | +€1,905 | +47.5% |
| Amounts receivable within one year | 40/41 | €238 | €783 | +€545 | +230% |
| Trade receivables | 40 | - | €363 | +€363 | |
| Other amounts receivable | 41 | €238 | €420 | +€183 | +76.9% |
| Cash at bank and in hand | 54/58 | €80,549 | €112,126 | +€31,577 | +39.2% |
| Deferred charges and accrued income | 490/1 | €166 | €413 | +€246 | +148% |
| Total equity and liabilities | 10/49 | €119,953 | €182,343 | +€62,390 | +52.0% |
| Equity | 10/15 | €68,791 | €94,543 | +€25,752 | +37.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Contributions outside capital | 11 | €1,500 | - | -€1,500 | |
| Share premium | 1100/10 | €1,500 | - | -€1,500 | |
| Profit (loss) carried forward | 14 | €67,291 | €93,043 | +€25,752 | +38.3% |
| Amounts payable | 17/49 | €51,162 | €87,801 | +€36,638 | +71.6% |
| Amounts payable after more than one year | 17 | - | €32,613 | +€32,613 | |
| Financial debts | 170/4 | - | €32,613 | +€32,613 | |
| Amounts payable within one year | 42/48 | €51,162 | €55,188 | +€4,026 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,082 | +€5,082 | |
| Trade debts | 44 | €22,865 | €17,462 | -€5,403 | -23.6% |
| Suppliers | 440/4 | €22,865 | €17,462 | -€5,403 | -23.6% |
| Taxes, remuneration and social security | 45 | €27,464 | €31,811 | +€4,347 | +15.8% |
| Taxes | 450/3 | €12,765 | €13,404 | +€639 | +5.0% |
| Remuneration and social security | 454/9 | €14,700 | €18,407 | +€3,708 | +25.2% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €84,862 | €91,163 | +€6,301 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,801 | €17,721 | +€7,921 | +80.8% |
| Other operating charges | 640/8 | €118 | €694 | +€576 | +488% |
| Gross operating margin | 9900 | €144,111 | €144,549 | +€438 | +0.3% |
| Operating profit (loss) | 9901 | €49,330 | €34,971 | -€14,359 | -29.1% |
| Financial income | 75/76B | €56 | €14 | -€42 | -74.4% |
| Recurring financial income | 75 | €56 | €14 | -€42 | -74.4% |
| Financial charges | 65/66B | €1,475 | €2,360 | +€885 | +60.0% |
| Recurring financial charges | 65 | €1,475 | €2,360 | +€885 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €47,911 | €32,625 | -€15,286 | -31.9% |
| Income taxes | 67/77 | €9,692 | €6,873 | -€2,819 | -29.1% |
| Profit (loss) for the period | 9904 | €38,219 | €25,752 | -€12,467 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,219 | €25,752 | -€12,467 | -32.6% |
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 17 October 2026 via checked.be.