DANHOLD: 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.
DANHOLD
Largest movements
- Tangible fixed assets -€33,965
down €33,965 (-8.4%), from €406,408 to €372,443
of which Furniture and vehicles: -€21,879
- Cash +€20,841
up €20,841 (+31.3%), from €66,640 to €87,481
mainly Net result for the year (+€42,333) and Depreciation (+€36,931)
- Receivables within one year +€5,028
up €5,028 (+33.2%), from €15,159 to €20,187
of which Trade receivables: +€6,127
- Trade debts -€23,503
down €23,503 (-94.6%), from €24,837 to €1,334
- Other debts +€17,565
up €17,565 (+136%), from €12,878 to €30,443
- Gross operating margin +€15,331
up €15,331 (+17.6%), from €87,200 to €102,531
- Depreciation +€14,035
up €14,035 (+61.3%), from €22,895 to €36,931
- Taxes +€4,629
up €4,629 (+30.8%), from €15,013 to €19,642
- Other operating charges -€1,206
down €1,206 (-24.7%), from €4,890 to €3,684
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 | €494,552 | €485,699 | -€8,853 | -1.8% |
| Fixed assets | 21/28 | €406,408 | €372,443 | -€33,965 | -8.4% |
| Tangible fixed assets | 22/27 | €406,408 | €372,443 | -€33,965 | -8.4% |
| Land and buildings | 22 | €284,020 | €272,624 | -€11,396 | -4.0% |
| Plant, machinery and equipment | 23 | €11,308 | €10,618 | -€690 | -6.1% |
| Furniture and vehicles | 24 | €111,079 | €89,201 | -€21,879 | -19.7% |
| Current assets | 29/58 | €88,144 | €113,256 | +€25,112 | +28.5% |
| Amounts receivable within one year | 40/41 | €15,159 | €20,187 | +€5,028 | +33.2% |
| Trade receivables | 40 | €0 | €6,127 | +€6,127 | |
| Other amounts receivable | 41 | €15,159 | €14,061 | -€1,099 | -7.2% |
| Cash at bank and in hand | 54/58 | €66,640 | €87,481 | +€20,841 | +31.3% |
| Deferred charges and accrued income | 490/1 | €6,344 | €5,587 | -€757 | -11.9% |
| Total equity and liabilities | 10/49 | €494,552 | €485,699 | -€8,853 | -1.8% |
| Equity | 10/15 | €449,165 | €445,287 | -€3,878 | -0.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €195,314 | €190,936 | -€4,378 | -2.2% |
| Distributable reserves | 133 | €195,314 | €190,936 | -€4,378 | -2.2% |
| Profit (loss) carried forward | 14 | €243,851 | €244,351 | +€500 | +0.2% |
| Amounts payable | 17/49 | €45,387 | €40,412 | -€4,975 | -11.0% |
| Amounts payable within one year | 42/48 | €45,387 | €40,412 | -€4,975 | -11.0% |
| Trade debts | 44 | €24,837 | €1,334 | -€23,503 | -94.6% |
| Suppliers | 440/4 | €24,837 | €1,334 | -€23,503 | -94.6% |
| Taxes, remuneration and social security | 45 | €7,671 | €8,635 | +€964 | +12.6% |
| Taxes | 450/3 | €7,671 | €8,635 | +€964 | +12.6% |
| Other amounts payable | 47/48 | €12,878 | €30,443 | +€17,565 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,895 | €36,931 | +€14,035 | +61.3% |
| Other operating charges | 640/8 | €4,890 | €3,684 | -€1,206 | -24.7% |
| Gross operating margin | 9900 | €87,200 | €102,531 | +€15,331 | +17.6% |
| Operating profit (loss) | 9901 | €59,415 | €61,916 | +€2,501 | +4.2% |
| Financial income | 75/76B | €63 | €60 | -€3 | -5.1% |
| Recurring financial income | 75 | €63 | €60 | -€3 | -5.1% |
| Financial charges | 65/66B | €44 | €0 | -€44 | -100% |
| Recurring financial charges | 65 | €44 | €0 | -€44 | -100% |
| Profit (loss) for the period before taxes | 9903 | €59,434 | €61,976 | +€2,542 | +4.3% |
| Income taxes | 67/77 | €15,013 | €19,642 | +€4,629 | +30.8% |
| Profit (loss) for the period | 9904 | €44,421 | €42,333 | -€2,088 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,421 | €42,333 | -€2,088 | -4.7% |
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 31 October 2026 via checked.be.