DANHIEUX: 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.
DANHIEUX
Largest movements
- Receivables within one year +€54,917
up €54,917 (+379%), from €14,477 to €69,394
of which Trade receivables: +€60,417
- Cash +€42,848
up €42,848 (+2,661%), from €1,610 to €44,458
mainly Net result for the year (+€52,232) and Depreciation (+€48,538)
- Tangible fixed assets -€23,237
down €23,237 (-3.8%), from €609,070 to €585,832
- Debts after one year -€56,693
down €56,693 (-17.3%), from €327,317 to €270,624
- Reserves +€37,447
up €37,447 (+18.7%), from €200,591 to €238,037
of which Distributable reserves: +€37,447
- Other debts +€28,971
up €28,971 (+284%), from €10,198 to €39,170
- Tax, wage and social debts +€23,032
up €23,032 (+103%), from €22,431 to €45,463
of which Remuneration and social security: +€11,530
- Trade debts +€20,195
up €20,195 (+64.3%), from €31,421 to €51,616
- Financial income +€56,732
up €56,732 (+23,214%), from €244 to €56,977
of which Non-recurring financial income: +€56,722
- Gross operating margin +€51,715
up €51,715 (+17.7%), from €292,597 to €344,313
- Staff costs +€25,068
up €25,068 (+11.3%), from €221,663 to €246,732
- Taxes +€20,812
up €20,812 (+2,677%), from €777 to €21,589
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 | €659,240 | €733,198 | +€73,958 | +11.2% |
| Fixed assets | 21/28 | €609,258 | €586,020 | -€23,237 | -3.8% |
| Tangible fixed assets | 22/27 | €609,070 | €585,832 | -€23,237 | -3.8% |
| Land and buildings | 22 | €188,715 | €183,724 | -€4,992 | -2.6% |
| Plant, machinery and equipment | 23 | €85,786 | €75,111 | -€10,675 | -12.4% |
| Furniture and vehicles | 24 | €12,129 | €11,827 | -€302 | -2.5% |
| Leasing and similar rights | 25 | €124,351 | €126,549 | +€2,197 | +1.8% |
| Other tangible fixed assets | 26 | €198,089 | €188,622 | -€9,466 | -4.8% |
| Financial fixed assets | 28 | €188 | €188 | = | 0.0% |
| Current assets | 29/58 | €49,982 | €147,177 | +€97,196 | +194% |
| Stocks and contracts in progress | 3 | €23,135 | €21,109 | -€2,026 | -8.8% |
| Stocks | 30/36 | €23,135 | €21,109 | -€2,026 | -8.8% |
| Amounts receivable within one year | 40/41 | €14,477 | €69,394 | +€54,917 | +379% |
| Trade receivables | 40 | €8,497 | €68,913 | +€60,417 | +711% |
| Other amounts receivable | 41 | €5,980 | €480 | -€5,500 | -92.0% |
| Current investments | 50/53 | €4,000 | €4,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,610 | €44,458 | +€42,848 | +2,661% |
| Deferred charges and accrued income | 490/1 | €6,759 | €8,217 | +€1,457 | +21.6% |
| Total equity and liabilities | 10/49 | €659,240 | €733,198 | +€73,958 | +11.2% |
| Equity | 10/15 | €193,821 | €239,037 | +€45,216 | +23.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €200,591 | €238,037 | +€37,447 | +18.7% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Own shares acquired | 1312 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €196,591 | €234,037 | +€37,447 | +19.0% |
| Profit (loss) carried forward | 14 | -€7,769 | - | +€7,769 | |
| Amounts payable | 17/49 | €465,418 | €494,160 | +€28,742 | +6.2% |
| Amounts payable after more than one year | 17 | €327,317 | €270,624 | -€56,693 | -17.3% |
| Financial debts | 170/4 | €327,317 | €270,624 | -€56,693 | -17.3% |
| Amounts payable within one year | 42/48 | €135,851 | €212,001 | +€76,150 | +56.1% |
| Current portion of amounts payable after more than one year | 42 | €69,871 | €75,753 | +€5,881 | +8.4% |
| Financial debts | 43 | €1,929 | - | -€1,929 | |
| Credit institutions | 430/8 | €1,929 | - | -€1,929 | |
| Trade debts | 44 | €31,421 | €51,616 | +€20,195 | +64.3% |
| Suppliers | 440/4 | €31,421 | €51,616 | +€20,195 | +64.3% |
| Taxes, remuneration and social security | 45 | €22,431 | €45,463 | +€23,032 | +103% |
| Taxes | 450/3 | €8,736 | €20,238 | +€11,502 | +132% |
| Remuneration and social security | 454/9 | €13,695 | €25,225 | +€11,530 | +84.2% |
| Other amounts payable | 47/48 | €10,198 | €39,170 | +€28,971 | +284% |
| Accrued charges and deferred income | 492/3 | €2,250 | €11,535 | +€9,285 | +413% |
| Remuneration, social security and pensions | 62 | €221,663 | €246,732 | +€25,068 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,549 | €48,538 | -€11 | 0.0% |
| Other operating charges | 640/8 | €3,513 | €3,875 | +€362 | +10.3% |
| Non-recurring operating charges | 66A | - | €110 | +€110 | |
| Gross operating margin | 9900 | €292,597 | €344,313 | +€51,715 | +17.7% |
| Operating profit (loss) | 9901 | €18,872 | €45,058 | +€26,186 | +139% |
| Financial income | 75/76B | €244 | €56,977 | +€56,732 | +23,214% |
| Recurring financial income | 75 | €244 | €255 | +€11 | +4.4% |
| Non-recurring financial income | 76B | - | €56,722 | +€56,722 | |
| Financial charges | 65/66B | €26,109 | €28,213 | +€2,105 | +8.1% |
| Recurring financial charges | 65 | €26,109 | €28,213 | +€2,105 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,992 | €73,821 | +€80,813 | |
| Income taxes | 67/77 | €777 | €21,589 | +€20,812 | +2,677% |
| Profit (loss) for the period | 9904 | -€7,769 | €52,232 | +€60,001 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,769 | €52,232 | +€60,001 |
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 30 October 2026 via checked.be.