D'HOOIE: 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.
What changed
D'HOOIE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€34,538
2024 · €102,375-€67,837
Equity
€2.7m
2024 · €2.7m+€34,538
Cash
€14,091
2024 · €31,567-€17,475
Balance sheet total
€5.5m
2024 · €5.7m-€184,950
Largest movements
Assets
- Tangible fixed assets -€143,750
down €143,750 (-3.2%), from €4.4m to €4.3m
Equity and liabilities
- Debts after one year -€193,090
down €193,090 (-7.8%), from €2.5m to €2.3m
of which Financial debts: -€194,095
Income statement
- Gross operating margin -€58,786
down €58,786 (-20.5%), from €287,445 to €228,659
- Taxes +€9,277
up €9,277 (+42.5%), from €21,804 to €31,081
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.
Result 2024
€102,375
Gross operating margin
-€58,786
Other operating charges
-€1,822
Financial income
+€114
Financial charges
+€1,934
Taxes
-€9,277
Result 2025
€34,538
raises the resultlowers the result
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.
From operations
+€173,942
Investment
€0
Financing
-€191,417
Cash 2024
€31,567
From operations (derived)
+€173,942
Net result for the year
+€34,538
Depreciation
+€143,750
Receivables within one year
+€23,725
Provisions
-€21,474
Trade debts
-€598
Tax, wage and social debts
-€6,822
Other debts
+€694
Accrued charges and deferred income
+€128
Financing
-€191,417
Debts after one year
-€193,090
Current portion of long-term debt
+€475
Short-term financial debts
+€1,198
Cash 2025
€14,091
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,704,041 | €5,519,091 | -€184,950 | -3.2% |
| Fixed assets | 21/28 | €4,443,764 | €4,300,014 | -€143,750 | -3.2% |
| Tangible fixed assets | 22/27 | €4,443,764 | €4,300,014 | -€143,750 | -3.2% |
| Land and buildings | 22 | €4,443,764 | €4,300,014 | -€143,750 | -3.2% |
| Current assets | 29/58 | €1,260,278 | €1,219,078 | -€41,200 | -3.3% |
| Amounts receivable within one year | 40/41 | €1,228,711 | €1,204,986 | -€23,725 | -1.9% |
| Trade receivables | 40 | €72,600 | €25,200 | -€47,400 | -65.3% |
| Other amounts receivable | 41 | €1,156,111 | €1,179,786 | +€23,675 | +2.0% |
| Cash at bank and in hand | 54/58 | €31,567 | €14,091 | -€17,475 | -55.4% |
| Total equity and liabilities | 10/49 | €5,704,041 | €5,519,091 | -€184,950 | -3.2% |
| Equity | 10/15 | €2,651,168 | €2,685,706 | +€34,538 | +1.3% |
| Contributions | 10/11 | €1,062,000 | €1,062,000 | = | 0.0% |
| Capital | 10 | €1,062,000 | €1,062,000 | = | 0.0% |
| Issued capital | 100 | €1,062,000 | €1,062,000 | = | 0.0% |
| Reserves | 13 | €1,588,929 | €1,623,207 | +€34,278 | +2.2% |
| Non-distributable reserves | 130/1 | €106,200 | €106,200 | = | 0.0% |
| Legal reserve | 130 | €106,200 | €106,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €992,729 | €934,007 | -€58,722 | -5.9% |
| Distributable reserves | 133 | €490,000 | €583,000 | +€93,000 | +19.0% |
| Profit (loss) carried forward | 14 | €239 | €500 | +€261 | +109% |
| Provisions and deferred taxes | 16 | €358,504 | €337,030 | -€21,474 | -6.0% |
| Deferred taxes | 168 | €358,504 | €337,030 | -€21,474 | -6.0% |
| Amounts payable | 17/49 | €2,694,369 | €2,496,355 | -€198,015 | -7.3% |
| Amounts payable after more than one year | 17 | €2,481,440 | €2,288,350 | -€193,090 | -7.8% |
| Financial debts | 170/4 | €2,311,595 | €2,117,500 | -€194,095 | -8.4% |
| Other amounts payable | 178/9 | €169,845 | €170,850 | +€1,005 | +0.6% |
| Amounts payable within one year | 42/48 | €212,929 | €207,877 | -€5,053 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €54,661 | €55,136 | +€475 | +0.9% |
| Financial debts | 43 | €137,762 | €138,959 | +€1,198 | +0.9% |
| Credit institutions | 430/8 | €137,762 | €138,959 | +€1,198 | +0.9% |
| Trade debts | 44 | €598 | - | -€598 | |
| Suppliers | 440/4 | €598 | - | -€598 | |
| Taxes, remuneration and social security | 45 | €19,404 | €12,583 | -€6,822 | -35.2% |
| Taxes | 450/3 | €19,404 | €12,583 | -€6,822 | -35.2% |
| Other amounts payable | 47/48 | €505 | €1,199 | +€694 | +138% |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,750 | €143,750 | = | 0.0% |
| Other operating charges | 640/8 | €27,431 | €29,253 | +€1,822 | +6.6% |
| Gross operating margin | 9900 | €287,445 | €228,659 | -€58,786 | -20.5% |
| Operating profit (loss) | 9901 | €116,264 | €55,656 | -€60,608 | -52.1% |
| Financial income | 75/76B | €11,447 | €11,561 | +€114 | +1.0% |
| Recurring financial income | 75 | €11,447 | €11,561 | +€114 | +1.0% |
| Financial charges | 65/66B | €25,004 | €23,071 | -€1,934 | -7.7% |
| Recurring financial charges | 65 | €25,004 | €23,071 | -€1,934 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €102,706 | €44,146 | -€58,560 | -57.0% |
| Transfer from deferred taxes | 780 | €21,474 | €21,474 | = | 0.0% |
| Income taxes | 67/77 | €21,804 | €31,081 | +€9,277 | +42.5% |
| Profit (loss) for the period | 9904 | €102,375 | €34,538 | -€67,837 | -66.3% |
| Transfer from tax-exempt reserves | 789 | €58,722 | €58,722 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €161,098 | €93,261 | -€67,837 | -42.1% |
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 21 October 2026 via checked.be.