D'HONDT CONSULTING: 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'HONDT CONSULTING
Largest movements
- Receivables within one year -€33,263
down €33,263 (-50.7%), from €65,598 to €32,335
of which Trade receivables: -€46,440
- Deferred charges and accrued income +€30,250
new in 2025: €30,250
- Tangible fixed assets -€28,304
down €28,304 (-8.3%), from €342,667 to €314,364
of which Land and buildings: -€18,331
- Cash +€20,024
up €20,024 (+2.9%), from €679,064 to €699,087
mainly Net result for the year (+€34,392) and Receivables within one year (+€33,263)
- Debts after one year -€35,856
down €35,856 (-28.8%), from €124,530 to €88,673
- Reserves +€34,392
up €34,392 (+16.8%), from €204,316 to €238,708
of which Distributable reserves: +€34,392
- Current portion of long-term debt -€24,304
down €24,304 (-40.4%), from €60,161 to €35,856
- Accrued charges and deferred income +€22,558
new in 2025: €22,558
- Gross operating margin -€35,540
down €35,540 (-31.1%), from €114,143 to €78,604
- Taxes -€8,807
down €8,807 (-40.0%), from €22,013 to €13,207
- Depreciation +€3,311
up €3,311 (+13.2%), from €24,993 to €28,304
- Financial income +€2,789
new in 2025: €2,789
- Other operating charges -€2,379
down €2,379 (-55.1%), from €4,318 to €1,938
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 | €1,338,068 | €1,326,776 | -€11,293 | -0.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €593,407 | €565,104 | -€28,304 | -4.8% |
| Tangible fixed assets | 22/27 | €342,667 | €314,364 | -€28,304 | -8.3% |
| Land and buildings | 22 | €302,931 | €284,600 | -€18,331 | -6.1% |
| Plant, machinery and equipment | 23 | €2,939 | €1,757 | -€1,182 | -40.2% |
| Furniture and vehicles | 24 | €36,797 | €28,006 | -€8,791 | -23.9% |
| Financial fixed assets | 28 | €250,740 | €250,740 | = | 0.0% |
| Current assets | 29/58 | €744,661 | €761,672 | +€17,011 | +2.3% |
| Amounts receivable within one year | 40/41 | €65,598 | €32,335 | -€33,263 | -50.7% |
| Trade receivables | 40 | €65,598 | €19,157 | -€46,440 | -70.8% |
| Other amounts receivable | 41 | €0 | €13,178 | +€13,178 | |
| Cash at bank and in hand | 54/58 | €679,064 | €699,087 | +€20,024 | +2.9% |
| Deferred charges and accrued income | 490/1 | - | €30,250 | +€30,250 | |
| Total equity and liabilities | 10/49 | €1,338,068 | €1,326,776 | -€11,293 | -0.8% |
| Equity | 10/15 | €1,136,492 | €1,170,884 | +€34,392 | +3.0% |
| Contributions | 10/11 | €27,548 | €27,548 | = | 0.0% |
| Reserves | 13 | €204,316 | €238,708 | +€34,392 | +16.8% |
| Tax-exempt reserves | 132 | €15,253 | €15,253 | = | 0.0% |
| Distributable reserves | 133 | €189,062 | €223,454 | +€34,392 | +18.2% |
| Profit (loss) carried forward | 14 | €904,629 | €904,629 | = | 0.0% |
| Amounts payable | 17/49 | €201,576 | €155,892 | -€45,685 | -22.7% |
| Amounts payable after more than one year | 17 | €124,530 | €88,673 | -€35,856 | -28.8% |
| Financial debts | 170/4 | €124,530 | €88,673 | -€35,856 | -28.8% |
| Amounts payable within one year | 42/48 | €77,047 | €44,660 | -€32,386 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €60,161 | €35,856 | -€24,304 | -40.4% |
| Trade debts | 44 | €7,138 | €3,996 | -€3,141 | -44.0% |
| Suppliers | 440/4 | €7,138 | €3,996 | -€3,141 | -44.0% |
| Taxes, remuneration and social security | 45 | €8,536 | €4,808 | -€3,728 | -43.7% |
| Taxes | 450/3 | €8,536 | €4,808 | -€3,728 | -43.7% |
| Other amounts payable | 47/48 | €1,212 | - | -€1,212 | |
| Accrued charges and deferred income | 492/3 | - | €22,558 | +€22,558 | |
| Non-recurring operating income | 76A | €18,754 | €826 | -€17,927 | -95.6% |
| Remuneration, social security and pensions | 62 | €960 | - | -€960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,993 | €28,304 | +€3,311 | +13.2% |
| Other operating charges | 640/8 | €4,318 | €1,938 | -€2,379 | -55.1% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | €114,143 | €78,604 | -€35,540 | -31.1% |
| Operating profit (loss) | 9901 | €83,873 | €48,362 | -€35,511 | -42.3% |
| Financial income | 75/76B | - | €2,789 | +€2,789 | |
| Recurring financial income | 75 | - | €2,789 | +€2,789 | |
| Financial charges | 65/66B | €4,054 | €3,552 | -€502 | -12.4% |
| Recurring financial charges | 65 | €4,054 | €3,552 | -€502 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €79,819 | €47,599 | -€32,220 | -40.4% |
| Income taxes | 67/77 | €22,013 | €13,207 | -€8,807 | -40.0% |
| Profit (loss) for the period | 9904 | €57,805 | €34,392 | -€23,413 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,805 | €34,392 | -€23,413 | -40.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.