Danhiez: 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.
Danhiez
Largest movements
- Receivables within one year +€39,272
up €39,272 (+200%), from €19,617 to €58,889
of which Trade receivables: +€38,802
- Current investments +€36,405
up €36,405 (+17.8%), from €204,533 to €240,938
- Cash -€18,101
down €18,101 (-15.6%), from €115,834 to €97,734
mainly Receivables within one year (-€39,272) and Current investments (-€36,405)
- Stocks and contracts +€12,051
up €12,051 (+14.0%), from €85,952 to €98,003
- Tangible fixed assets -€9,264
down €9,264 (-20.9%), from €44,289 to €35,025
of which Plant, machinery and equipment: -€8,467
- Reserves +€25,000
up €25,000 (+5.6%), from €443,221 to €468,221
of which Distributable reserves: +€25,000
- Accrued charges and deferred income +€19,975
new in 2025: €19,975
- Trade debts +€8,625
up €8,625 (+70.4%), from €12,258 to €20,883
- Tax, wage and social debts +€7,316
up €7,316 (+592%), from €1,237 to €8,553
- Gross operating margin -€19,339
down €19,339 (-31.5%), from €61,349 to €42,010
- Taxes +€7,964
up €7,964 (+852%), from €935 to €8,899
- Staff costs -€2,949
no longer reported in 2025 (was €2,949)
- Depreciation -€789
down €789 (-7.8%), from €10,053 to €9,264
- Other operating charges -€784
down €784 (-45.8%), from €1,711 to €927
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 | €477,245 | €537,607 | +€60,362 | +12.6% |
| Fixed assets | 21/28 | €51,308 | €42,044 | -€9,264 | -18.1% |
| Tangible fixed assets | 22/27 | €44,289 | €35,025 | -€9,264 | -20.9% |
| Land and buildings | 22 | €32,263 | €32,263 | = | 0.0% |
| Plant, machinery and equipment | 23 | €10,627 | €2,161 | -€8,467 | -79.7% |
| Furniture and vehicles | 24 | €1,399 | €601 | -€798 | -57.0% |
| Financial fixed assets | 28 | €7,019 | €7,019 | = | 0.0% |
| Current assets | 29/58 | €425,937 | €495,564 | +€69,627 | +16.3% |
| Stocks and contracts in progress | 3 | €85,952 | €98,003 | +€12,051 | +14.0% |
| Stocks | 30/36 | €85,952 | €98,003 | +€12,051 | +14.0% |
| Amounts receivable within one year | 40/41 | €19,617 | €58,889 | +€39,272 | +200% |
| Trade receivables | 40 | €17,732 | €56,534 | +€38,802 | +219% |
| Other amounts receivable | 41 | €1,885 | €2,355 | +€470 | +24.9% |
| Current investments | 50/53 | €204,533 | €240,938 | +€36,405 | +17.8% |
| Cash at bank and in hand | 54/58 | €115,834 | €97,734 | -€18,101 | -15.6% |
| Total equity and liabilities | 10/49 | €477,245 | €537,607 | +€60,362 | +12.6% |
| Equity | 10/15 | €463,751 | €488,196 | +€24,446 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €443,221 | €468,221 | +€25,000 | +5.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,361 | €11,361 | = | 0.0% |
| Distributable reserves | 133 | €430,000 | €455,000 | +€25,000 | +5.8% |
| Profit (loss) carried forward | 14 | €1,930 | €1,375 | -€554 | -28.7% |
| Amounts payable | 17/49 | €13,494 | €49,411 | +€35,917 | +266% |
| Amounts payable within one year | 42/48 | €13,494 | €29,436 | +€15,941 | +118% |
| Trade debts | 44 | €12,258 | €20,883 | +€8,625 | +70.4% |
| Suppliers | 440/4 | €12,258 | €20,883 | +€8,625 | +70.4% |
| Taxes, remuneration and social security | 45 | €1,237 | €8,553 | +€7,316 | +592% |
| Taxes | 450/3 | €1,237 | €8,553 | +€7,316 | +592% |
| Accrued charges and deferred income | 492/3 | - | €19,975 | +€19,975 | |
| Remuneration, social security and pensions | 62 | €2,949 | - | -€2,949 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,053 | €9,264 | -€789 | -7.8% |
| Other operating charges | 640/8 | €1,711 | €927 | -€784 | -45.8% |
| Gross operating margin | 9900 | €61,349 | €42,010 | -€19,339 | -31.5% |
| Operating profit (loss) | 9901 | €46,635 | €31,819 | -€14,817 | -31.8% |
| Financial income | 75/76B | €2,128 | €2,036 | -€92 | -4.3% |
| Recurring financial income | 75 | €2,128 | €2,036 | -€92 | -4.3% |
| Financial charges | 65/66B | €514 | €510 | -€3 | -0.6% |
| Recurring financial charges | 65 | €514 | €510 | -€3 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €48,250 | €33,345 | -€14,905 | -30.9% |
| Income taxes | 67/77 | €935 | €8,899 | +€7,964 | +852% |
| Profit (loss) for the period | 9904 | €47,315 | €24,446 | -€22,869 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,315 | €24,446 | -€22,869 | -48.3% |
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 16 October 2026 via checked.be.