D'HOORE GROUP: 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'HOORE GROUP
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · -€185,931+€1.7m
Equity
€7.5m
2024 · €6.0m+€1.5m
Cash
€69,914
2024 · €41,193+€28,721
Balance sheet total
€14.0m
2024 · €19.8m-€5.9m
Largest movements
Assets
- Receivables within one year -€5.9m
down €5.9m (-45.1%), from €13.1m to €7.2m
of which Other amounts receivable: -€6.0m
Equity and liabilities
- Short-term financial debts -€8.3m
no longer reported in 2025 (was €8.3m)
- Reserves +€1.2m
new in 2025: €1.2m
- Other debts +€1.1m
up €1.1m (+92.6%), from €1.2m to €2.3m
- Current portion of long-term debt -€281,250
no longer reported in 2025 (was €281,250)
- Profit (loss) carried forward +€280,867
no longer reported in 2025 (was -€280,867)
Income statement
- Financial income +€2.0m
up €2.0m (+7,528%), from €26,323 to €2.0m
- Turnover +€278,018
up €278,018 (+19.7%), from €1.4m to €1.7m
- Financial charges +€228,315
up €228,315 (+34.8%), from €655,968 to €884,283
- Services and other goods +€175,469
up €175,469 (+18.6%), from €941,508 to €1.1m
- Staff costs +€141,643
up €141,643 (+584%), from €24,235 to €165,878
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
-€185,931
Turnover
+€278,018
Other operating income
+€975
Services and other goods
-€175,469
Staff costs
-€141,643
Depreciation
-€204
Other operating charges
-€2,456
Financial income
+€2.0m
Financial charges
-€228,315
Taxes
-€29
Result 2025
€1.5m
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
+€8.6m
Investment
€0
Financing
-€8.6m
Cash 2024
€41,193
From operations (derived)
+€8.6m
Net result for the year
+€1.5m
Depreciation
+€1,758
Receivables within one year
+€5.9m
Deferred charges and accrued income
-€23,723
Trade debts
+€70,837
Tax, wage and social debts
+€26,547
Other debts
+€1.1m
Accrued charges and deferred income
+€155
Financing
-€8.6m
Current portion of long-term debt
-€281,250
Short-term financial debts
-€8.3m
Cash 2025
€69,914
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,843,269 | €13,969,762 | -€5.9m | -29.6% |
| Fixed assets | 21/28 | €6,417,787 | €6,416,030 | -€1,758 | 0.0% |
| Tangible fixed assets | 22/27 | €3,417 | €1,659 | -€1,758 | -51.4% |
| Plant, machinery and equipment | 23 | €726 | €212 | -€515 | -70.9% |
| Furniture and vehicles | 24 | €2,690 | €1,447 | -€1,243 | -46.2% |
| Financial fixed assets | 28 | €6,414,371 | €6,414,371 | = | 0.0% |
| Affiliated companies | 280/1 | €6,396,520 | €6,396,520 | = | 0.0% |
| Participating interests | 280 | €6,396,520 | €6,396,520 | = | 0.0% |
| Other financial fixed assets | 284/8 | €17,851 | €17,851 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €17,851 | €17,851 | = | 0.0% |
| Current assets | 29/58 | €13,425,481 | €7,553,732 | -€5.9m | -43.7% |
| Amounts receivable within one year | 40/41 | €13,136,359 | €7,212,166 | -€5.9m | -45.1% |
| Trade receivables | 40 | €51,151 | €91,151 | +€40,000 | +78.2% |
| Other amounts receivable | 41 | €13,085,208 | €7,121,015 | -€6.0m | -45.6% |
| Cash at bank and in hand | 54/58 | €41,193 | €69,914 | +€28,721 | +69.7% |
| Deferred charges and accrued income | 490/1 | €247,929 | €271,652 | +€23,723 | +9.6% |
| Total equity and liabilities | 10/49 | €19,843,269 | €13,969,762 | -€5.9m | -29.6% |
| Equity | 10/15 | €6,019,133 | €7,545,537 | +€1.5m | +25.4% |
| Contributions | 10/11 | €6,300,000 | €6,300,000 | = | 0.0% |
| Reserves | 13 | - | €1,245,537 | +€1.2m | |
| Distributable reserves | 133 | - | €1,245,537 | +€1.2m | |
| Profit (loss) carried forward | 14 | -€280,867 | - | +€280,867 | |
| Amounts payable | 17/49 | €13,824,135 | €6,424,225 | -€7.4m | -53.5% |
| Amounts payable after more than one year | 17 | €3,670,000 | €3,670,000 | = | 0.0% |
| Financial debts | 170/4 | €3,670,000 | €3,670,000 | = | 0.0% |
| Subordinated loans | 170 | €3,670,000 | €3,670,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,154,135 | €2,754,070 | -€7.4m | -72.9% |
| Current portion of amounts payable after more than one year | 42 | €281,250 | - | -€281,250 | |
| Financial debts | 43 | €8,330,000 | - | -€8.3m | |
| Credit institutions | 430/8 | €8,330,000 | - | -€8.3m | |
| Trade debts | 44 | €199,134 | €269,970 | +€70,837 | +35.6% |
| Suppliers | 440/4 | €199,134 | €269,970 | +€70,837 | +35.6% |
| Taxes, remuneration and social security | 45 | €140,491 | €167,038 | +€26,547 | +18.9% |
| Taxes | 450/3 | €140,491 | €162,788 | +€22,297 | +15.9% |
| Remuneration and social security | 454/9 | - | €4,250 | +€4,250 | |
| Other amounts payable | 47/48 | €1,203,261 | €2,317,062 | +€1.1m | +92.6% |
| Accrued charges and deferred income | 492/3 | - | €155 | +€155 | |
| Operating income | 70/76A | €1,411,524 | €1,690,517 | +€278,993 | +19.8% |
| Turnover | 70 | €1,408,513 | €1,686,531 | +€278,018 | +19.7% |
| Other operating income | 74 | €3,010 | €3,985 | +€975 | +32.4% |
| Operating charges | 60/66A | €967,503 | €1,287,275 | +€319,772 | +33.1% |
| Services and other goods | 61 | €941,508 | €1,116,976 | +€175,469 | +18.6% |
| Remuneration, social security and pensions | 62 | €24,235 | €165,878 | +€141,643 | +584% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,554 | €1,758 | +€204 | +13.2% |
| Other operating charges | 640/8 | €207 | €2,663 | +€2,456 | +1,185% |
| Operating profit (loss) | 9901 | €444,021 | €403,241 | -€40,779 | -9.2% |
| Financial income | 75/76B | €26,323 | €2,007,781 | +€2.0m | +7,528% |
| Recurring financial income | 75 | €26,323 | €2,007,781 | +€2.0m | +7,528% |
| Income from financial fixed assets | 750 | - | €1,600,000 | +€1.6m | |
| Other financial income | 752/9 | €26,323 | €407,781 | +€381,458 | +1,449% |
| Financial charges | 65/66B | €655,968 | €884,283 | +€228,315 | +34.8% |
| Recurring financial charges | 65 | €655,968 | €884,283 | +€228,315 | +34.8% |
| Debt charges | 650 | €433,707 | €525,376 | +€91,669 | +21.1% |
| Other financial charges | 652/9 | €222,260 | €358,906 | +€136,646 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | -€185,625 | €1,526,739 | +€1.7m | |
| Income taxes | 67/77 | €306 | €335 | +€29 | +9.6% |
| Taxes | 670/3 | €306 | €335 | +€29 | +9.6% |
| Profit (loss) for the period | 9904 | -€185,931 | €1,526,404 | +€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€185,931 | €1,526,404 | +€1.7m |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.