De Haan Construct: 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
De Haan Construct
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €668,999+€1.4m
Equity
€431,012
2024 · €429,266+€1,746
Cash
€4,603
2024 · €12,564-€7,961
Balance sheet total
€5.3m
2024 · €6.1m-€744,912
Largest movements
Assets
- Stocks and contracts -€860,780
down €860,780 (-16.2%), from €5.3m to €4.5m
of which Stocks: -€849,220
- Receivables within one year +€152,530
up €152,530 (+35.5%), from €429,104 to €581,634
of which Trade receivables: +€164,430
Equity and liabilities
- Debts after one year -€1.7m
down €1.7m (-57.6%), from €2.9m to €1.2m
- Other debts +€1.5m
up €1.5m (+194%), from €789,032 to €2.3m
- Advances received -€723,020
down €723,020 (-74.1%), from €976,077 to €253,057
- Tax, wage and social debts +€154,704
up €154,704 (+70.8%), from €218,556 to €373,260
Income statement
- Gross operating margin +€1.2m
up €1.2m (+113%), from €1.0m to €2.2m
- Financial charges -€237,009
down €237,009 (-72.4%), from €327,559 to €90,550
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
€668,999
Gross operating margin
+€1.2m
Depreciation
-€93
Other operating charges
+€2,116
Financial income
+€4,064
Financial charges
+€237,009
Taxes
-€451
Result 2025
€2.1m
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
+€3.7m
Investment
-€4,530
Financing
-€3.7m
Cash 2024
€12,564
From operations (derived)
+€3.7m
Net result for the year
+€2.1m
Depreciation
+€28,104
Stocks and contracts
+€860,780
Receivables within one year
-€152,530
Smaller working-capital items
+€8,630
Trade debts
-€56,726
Tax, wage and social debts
+€154,704
Advances received
-€723,020
Other debts
+€1.5m
Investment (derived)
-€4,530
Investment in fixed assets (net)
-€4,530
Financing
-€3.7m
Debts after one year
-€1.7m
Contributions, distributions and other
-€2.1m
Cash 2025
€4,603
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,054,682 | €5,309,770 | -€744,912 | -12.3% |
| Fixed assets | 21/28 | €291,054 | €267,480 | -€23,574 | -8.1% |
| Tangible fixed assets | 22/27 | €290,559 | €266,985 | -€23,574 | -8.1% |
| Land and buildings | 22 | €290,491 | €262,521 | -€27,970 | -9.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €68 | €23 | -€46 | -66.8% |
| Other tangible fixed assets | 26 | - | €4,442 | +€4,442 | |
| Financial fixed assets | 28 | €495 | €495 | = | 0.0% |
| Current assets | 29/58 | €5,763,628 | €5,042,291 | -€721,338 | -12.5% |
| Stocks and contracts in progress | 3 | €5,316,382 | €4,455,603 | -€860,780 | -16.2% |
| Stocks | 30/36 | €5,304,823 | €4,455,603 | -€849,220 | -16.0% |
| Contracts in progress | 37 | €11,560 | €0 | -€11,560 | -100% |
| Amounts receivable within one year | 40/41 | €429,104 | €581,634 | +€152,530 | +35.5% |
| Trade receivables | 40 | €265,104 | €429,534 | +€164,430 | +62.0% |
| Other amounts receivable | 41 | €164,000 | €152,100 | -€11,900 | -7.3% |
| Cash at bank and in hand | 54/58 | €12,564 | €4,603 | -€7,961 | -63.4% |
| Deferred charges and accrued income | 490/1 | €5,578 | €451 | -€5,127 | -91.9% |
| Total equity and liabilities | 10/49 | €6,054,682 | €5,309,770 | -€744,912 | -12.3% |
| Equity | 10/15 | €429,266 | €431,012 | +€1,746 | +0.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €179,266 | €181,012 | +€1,746 | +1.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €154,266 | €156,012 | +€1,746 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,625,415 | €4,878,758 | -€746,657 | -13.3% |
| Amounts payable after more than one year | 17 | €2,875,000 | €1,219,874 | -€1.7m | -57.6% |
| Financial debts | 170/4 | €2,875,000 | €1,219,874 | -€1.7m | -57.6% |
| Amounts payable within one year | 42/48 | €2,748,385 | €3,653,350 | +€904,965 | +32.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €764,720 | €707,994 | -€56,726 | -7.4% |
| Suppliers | 440/4 | €764,720 | €707,994 | -€56,726 | -7.4% |
| Advances received on contracts in progress | 46 | €976,077 | €253,057 | -€723,020 | -74.1% |
| Taxes, remuneration and social security | 45 | €218,556 | €373,260 | +€154,704 | +70.8% |
| Taxes | 450/3 | €218,556 | €373,260 | +€154,704 | +70.8% |
| Other amounts payable | 47/48 | €789,032 | €2,319,039 | +€1.5m | +194% |
| Accrued charges and deferred income | 492/3 | €2,030 | €5,534 | +€3,504 | +173% |
| Non-recurring operating income | 76A | €270,367 | €0 | -€270,367 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,011 | €28,104 | +€93 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,438 | €4,322 | -€2,116 | -32.9% |
| Gross operating margin | 9900 | €1,029,683 | €2,192,784 | +€1.2m | +113% |
| Operating profit (loss) | 9901 | €995,234 | €2,160,358 | +€1.2m | +117% |
| Financial income | 75/76B | €2,067 | €6,131 | +€4,064 | +197% |
| Recurring financial income | 75 | €2,067 | €6,131 | +€4,064 | +197% |
| Financial charges | 65/66B | €327,559 | €90,550 | -€237,009 | -72.4% |
| Recurring financial charges | 65 | €327,559 | €90,550 | -€237,009 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €669,742 | €2,075,939 | +€1.4m | +210% |
| Income taxes | 67/77 | €742 | €1,194 | +€451 | +60.8% |
| Profit (loss) for the period | 9904 | €668,999 | €2,074,746 | +€1.4m | +210% |
| Profit (loss) for the period to be appropriated | 9905 | €668,999 | €2,074,746 | +€1.4m | +210% |
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 25 October 2026 via checked.be.