D'Hont Workx: 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'Hont Workx
Largest movements
- Receivables within one year -€57,503
down €57,503 (-45.0%), from €127,844 to €70,342
of which Trade receivables: -€67,376
- Tangible fixed assets -€30,495
down €30,495 (-13.7%), from €223,356 to €192,861
- Trade debts -€53,698
down €53,698 (-46.5%), from €115,596 to €61,898
- Reserves -€41,524
down €41,524 (-47.8%), from €86,892 to €45,368
of which Distributable reserves: -€41,524
- Debts after one year -€39,389
down €39,389 (-27.3%), from €144,174 to €104,785
- Other debts +€37,318
up €37,318 (+475%), from €7,853 to €45,171
- Tax, wage and social debts +€6,135
up €6,135 (+767%), from €800 to €6,935
of which Remuneration and social security: +€6,135
- Gross operating margin -€89,200
down €89,200 (-85.2%), from €104,714 to €15,514
- Staff costs -€34,689
down €34,689 (-67.9%), from €51,125 to €16,436
- Depreciation -€8,942
down €8,942 (-22.7%), from €39,438 to €30,495
- Taxes -€5,393
down €5,393 (-97.0%), from €5,559 to €166
- Other operating charges -€3,078
down €3,078 (-60.1%), from €5,123 to €2,045
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 | €403,676 | €313,530 | -€90,147 | -22.3% |
| Fixed assets | 21/28 | €223,356 | €192,861 | -€30,495 | -13.7% |
| Tangible fixed assets | 22/27 | €223,356 | €192,861 | -€30,495 | -13.7% |
| Land and buildings | 22 | €137,902 | €125,525 | -€12,377 | -9.0% |
| Plant, machinery and equipment | 23 | €14,142 | €3,980 | -€10,162 | -71.9% |
| Furniture and vehicles | 24 | €71,312 | €63,356 | -€7,957 | -11.2% |
| Current assets | 29/58 | €180,320 | €120,669 | -€59,651 | -33.1% |
| Stocks and contracts in progress | 3 | €42,842 | €44,043 | +€1,201 | +2.8% |
| Stocks | 30/36 | €42,842 | €44,043 | +€1,201 | +2.8% |
| Amounts receivable within one year | 40/41 | €127,844 | €70,342 | -€57,503 | -45.0% |
| Trade receivables | 40 | €122,722 | €55,346 | -€67,376 | -54.9% |
| Other amounts receivable | 41 | €5,122 | €14,995 | +€9,874 | +193% |
| Cash at bank and in hand | 54/58 | €9,634 | €6,284 | -€3,350 | -34.8% |
| Total equity and liabilities | 10/49 | €403,676 | €313,530 | -€90,147 | -22.3% |
| Equity | 10/15 | €93,092 | €51,568 | -€41,524 | -44.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,892 | €45,368 | -€41,524 | -47.8% |
| Tax-exempt reserves | 132 | €18,206 | €18,206 | = | 0.0% |
| Distributable reserves | 133 | €68,686 | €27,162 | -€41,524 | -60.5% |
| Amounts payable | 17/49 | €310,585 | €261,962 | -€48,623 | -15.7% |
| Amounts payable after more than one year | 17 | €144,174 | €104,785 | -€39,389 | -27.3% |
| Financial debts | 170/4 | €144,174 | €104,785 | -€39,389 | -27.3% |
| Amounts payable within one year | 42/48 | €166,410 | €157,177 | -€9,233 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €42,161 | €43,173 | +€1,012 | +2.4% |
| Trade debts | 44 | €115,596 | €61,898 | -€53,698 | -46.5% |
| Suppliers | 440/4 | €115,596 | €61,898 | -€53,698 | -46.5% |
| Taxes, remuneration and social security | 45 | €800 | €6,935 | +€6,135 | +767% |
| Taxes | 450/3 | €800 | €800 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €6,135 | +€6,135 | |
| Other amounts payable | 47/48 | €7,853 | €45,171 | +€37,318 | +475% |
| Remuneration, social security and pensions | 62 | €51,125 | €16,436 | -€34,689 | -67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,438 | €30,495 | -€8,942 | -22.7% |
| Other operating charges | 640/8 | €5,123 | €2,045 | -€3,078 | -60.1% |
| Gross operating margin | 9900 | €104,714 | €15,514 | -€89,200 | -85.2% |
| Operating profit (loss) | 9901 | €9,027 | -€33,462 | -€42,490 | |
| Financial income | 75/76B | €162 | €29 | -€132 | -81.9% |
| Recurring financial income | 75 | €162 | €29 | -€132 | -81.9% |
| Financial charges | 65/66B | €8,223 | €7,925 | -€298 | -3.6% |
| Recurring financial charges | 65 | €8,223 | €7,925 | -€298 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €966 | -€41,358 | -€42,324 | |
| Income taxes | 67/77 | €5,559 | €166 | -€5,393 | -97.0% |
| Profit (loss) for the period | 9904 | -€4,593 | -€41,524 | -€36,931 | -804% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,593 | -€41,524 | -€36,931 | -804% |
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 23 October 2026 via checked.be.