D'HONDT MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€1,385
down €1,385 (-14.6%), from €9,463 to €8,078
mainly Net result for the year (-€1,345) and Trade debts (-€40)
- Profit (loss) carried forward -€1,345
down €1,345 (-64.0%), from -€2,101 to -€3,446
- Gross operating margin +€1,796
up €1,796 (+58.0%), from -€3,097 to -€1,300
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 | €9,479 | €8,094 | -€1,385 | -14.6% |
| Current assets | 29/58 | €9,479 | €8,094 | -€1,385 | -14.6% |
| Amounts receivable within one year | 40/41 | €16 | €16 | = | 0.0% |
| Other amounts receivable | 41 | €16 | €16 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,463 | €8,078 | -€1,385 | -14.6% |
| Total equity and liabilities | 10/49 | €9,479 | €8,094 | -€1,385 | -14.6% |
| Equity | 10/15 | €9,039 | €7,694 | -€1,345 | -14.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,940 | €4,940 | = | 0.0% |
| 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 | €3,080 | €3,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,101 | -€3,446 | -€1,345 | -64.0% |
| Amounts payable | 17/49 | €440 | €400 | -€40 | -9.1% |
| Amounts payable within one year | 42/48 | €440 | €400 | -€40 | -9.1% |
| Trade debts | 44 | €440 | €400 | -€40 | -9.1% |
| Suppliers | 440/4 | €440 | €400 | -€40 | -9.1% |
| Non-recurring operating income | 76A | €2,094 | - | -€2,094 | |
| Gross operating margin | 9900 | -€3,097 | -€1,300 | +€1,796 | +58.0% |
| Operating profit (loss) | 9901 | -€3,097 | -€1,300 | +€1,796 | +58.0% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,142 | -€1,345 | +€1,796 | +57.2% |
| Profit (loss) for the period | 9904 | -€3,142 | -€1,345 | +€1,796 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,142 | -€1,345 | +€1,796 | +57.2% |
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 27 October 2026 via checked.be.