D'HONDT CONSULT: what changed
D'HONDT CONSULT
Largest movements
- Cash +€90,234
up €90,234 (+39.1%), from €230,633 to €320,867
mainly Other debts (+€556,016) and Net result for the year (+€143,377)
- Current investments +€39,409
up €39,409 (+19.7%), from €200,000 to €239,409
- Receivables within one year -€22,436
down €22,436 (-98.6%), from €22,761 to €326
- Tangible fixed assets -€14,216
down €14,216 (-25.9%), from €54,937 to €40,722
of which Furniture and vehicles: -€14,298
- Other debts +€556,016
up €556,016 (+19,811%), from €2,807 to €558,823
- Reserves -€413,772
no longer reported in 2025 (was €413,772)
- Tax, wage and social debts -€28,783
down €28,783 (-58.6%), from €49,120 to €20,337
- Debts after one year -€18,646
no longer reported in 2025 (was €18,646)
- Gross operating margin +€12,777
up €12,777 (+6.8%), from €188,083 to €200,860
- Taxes +€4,206
up €4,206 (+11.1%), from €37,971 to €42,176
- Financial income +€3,280
up €3,280 (+10,933,367%), from €0 to €3,280
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 | €510,087 | €603,073 | +€92,986 | +18.2% |
| Fixed assets | 21/28 | €54,937 | €40,722 | -€14,216 | -25.9% |
| Tangible fixed assets | 22/27 | €54,937 | €40,722 | -€14,216 | -25.9% |
| Plant, machinery and equipment | 23 | €764 | €846 | +€82 | +10.7% |
| Furniture and vehicles | 24 | €54,173 | €39,876 | -€14,298 | -26.4% |
| Current assets | 29/58 | €455,150 | €562,351 | +€107,202 | +23.6% |
| Amounts receivable within one year | 40/41 | €22,761 | €326 | -€22,436 | -98.6% |
| Trade receivables | 40 | €22,761 | €326 | -€22,436 | -98.6% |
| Current investments | 50/53 | €200,000 | €239,409 | +€39,409 | +19.7% |
| Cash at bank and in hand | 54/58 | €230,633 | €320,867 | +€90,234 | +39.1% |
| Deferred charges and accrued income | 490/1 | €1,755 | €1,750 | -€5 | -0.3% |
| Total equity and liabilities | 10/49 | €510,087 | €603,073 | +€92,986 | +18.2% |
| Equity | 10/15 | €417,772 | €4,000 | -€413,772 | -99.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €413,772 | - | -€413,772 | |
| Distributable reserves | 133 | €413,772 | - | -€413,772 | |
| Amounts payable | 17/49 | €92,315 | €599,073 | +€506,758 | +549% |
| Amounts payable after more than one year | 17 | €18,646 | - | -€18,646 | |
| Financial debts | 170/4 | €18,646 | - | -€18,646 | |
| Amounts payable within one year | 42/48 | €73,669 | €599,073 | +€525,404 | +713% |
| Current portion of amounts payable after more than one year | 42 | €20,342 | €18,646 | -€1,695 | -8.3% |
| Trade debts | 44 | €1,401 | €1,267 | -€134 | -9.5% |
| Suppliers | 440/4 | €1,401 | €1,267 | -€134 | -9.5% |
| Taxes, remuneration and social security | 45 | €49,120 | €20,337 | -€28,783 | -58.6% |
| Taxes | 450/3 | €49,120 | €20,337 | -€28,783 | -58.6% |
| Other amounts payable | 47/48 | €2,807 | €558,823 | +€556,016 | +19,811% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,375 | €14,751 | +€376 | +2.6% |
| Other operating charges | 640/8 | €532 | €544 | +€12 | +2.3% |
| Gross operating margin | 9900 | €188,083 | €200,860 | +€12,777 | +6.8% |
| Operating profit (loss) | 9901 | €173,176 | €185,565 | +€12,389 | +7.2% |
| Financial income | 75/76B | €0 | €3,280 | +€3,280 | +10,933,367% |
| Recurring financial income | 75 | €0 | €3,280 | +€3,280 | +10,933,367% |
| Financial charges | 65/66B | €3,304 | €3,292 | -€12 | -0.4% |
| Recurring financial charges | 65 | €3,304 | €3,292 | -€12 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €169,872 | €185,553 | +€15,681 | +9.2% |
| Income taxes | 67/77 | €37,971 | €42,176 | +€4,206 | +11.1% |
| Profit (loss) for the period | 9904 | €131,901 | €143,377 | +€11,476 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €131,901 | €143,377 | +€11,476 | +8.7% |
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 2 November 2026 via checked.be.