D’Hoore: what changed
Two fiscal 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’Hoore
Largest movements
- Receivables within one year -€5,155
down €5,155 (-54.2%), from €9,509 to €4,354
- Tangible fixed assets -€2,310
down €2,310 (-15.8%), from €14,625 to €12,315
of which Furniture and vehicles: -€2,991
- Other debts -€11,338
down €11,338 (-44.0%), from €25,762 to €14,424
- Profit (loss) carried forward +€2,389
up €2,389 (+41.0%), from €5,829 to €8,218
- Tax, wage and social debts +€1,589
up €1,589 (+1795.6%), from €88 to €1,677
- Gross operating margin -€4,293
down €4,293 (-36.8%), from €11,675 to €7,382
- Taxes -€1,033
down €1,033 (-54.6%), from €1,893 to €860
- Financial charges -€497
down €497 (-78.4%), from €633 to €136
- Other operating charges +€459
new in 2025: €459
- Depreciation +€218
up €218 (+6.6%), from €3,320 to €3,538
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.
Cash bridge derived
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 | €34,679 | €27,319 | -€7,361 | -21.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €14,625 | €12,315 | -€2,310 | -15.8% |
| Tangible fixed assets | 22/27 | €14,625 | €12,315 | -€2,310 | -15.8% |
| Plant, machinery and equipment | 23 | €1,621 | €2,303 | +€682 | +42.1% |
| Furniture and vehicles | 24 | €13,003 | €10,012 | -€2,991 | -23.0% |
| Current assets | 29/58 | €20,055 | €15,004 | -€5,051 | -25.2% |
| Amounts receivable within one year | 40/41 | €9,509 | €4,354 | -€5,155 | -54.2% |
| Trade receivables | 40 | €9,509 | €4,354 | -€5,155 | -54.2% |
| Cash at bank and in hand | 54/58 | €10,227 | €10,281 | +€54 | +0.5% |
| Deferred charges and accrued income | 490/1 | €319 | €370 | +€50 | +15.8% |
| Total equity and liabilities | 10/49 | €34,679 | €27,319 | -€7,361 | -21.2% |
| Equity | 10/15 | €8,829 | €11,218 | +€2,389 | +27.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,829 | €8,218 | +€2,389 | +41.0% |
| Amounts payable | 17/49 | €25,850 | €16,101 | -€9,749 | -37.7% |
| Amounts payable within one year | 42/48 | €25,850 | €16,101 | -€9,749 | -37.7% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €88 | €1,677 | +€1,589 | +1795.6% |
| Taxes | 450/3 | €88 | €1,677 | +€1,589 | +1795.6% |
| Other amounts payable | 47/48 | €25,762 | €14,424 | -€11,338 | -44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,320 | €3,538 | +€218 | +6.6% |
| Other operating charges | 640/8 | - | €459 | +€459 | |
| Gross operating margin | 9900 | €11,675 | €7,382 | -€4,293 | -36.8% |
| Operating profit (loss) | 9901 | €8,355 | €3,385 | -€4,970 | -59.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €633 | €136 | -€497 | -78.4% |
| Recurring financial charges | 65 | €633 | €136 | -€497 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | €7,722 | €3,248 | -€4,473 | -57.9% |
| Income taxes | 67/77 | €1,893 | €860 | -€1,033 | -54.6% |
| Profit (loss) for the period | 9904 | €5,829 | €2,389 | -€3,440 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,829 | €2,389 | -€3,440 | -59.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.