DE HAES & ZONEN: 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.
DE HAES & ZONEN
Largest movements
- Cash +€33,542
up €33,542 (+21.6%), from €155,080 to €188,622
mainly Net result for the year (+€77,291) and Depreciation (+€24,169)
- Tangible fixed assets -€10,077
down €10,077 (-4.6%), from €221,158 to €211,081
of which Land and buildings: -€9,738
- Profit (loss) carried forward +€77,291
up €77,291 (+46.6%), from €166,014 to €243,305
- Other debts -€59,386
down €59,386 (-27.4%), from €217,114 to €157,729
- Tax, wage and social debts +€5,968
new in 2025: €5,968
- Accrued charges and deferred income +€4,769
up €4,769 (+116%), from €4,100 to €8,868
- Staff costs -€4,349
down €4,349 (-90.6%), from €4,800 to €451
- Financial charges +€4,218
up €4,218 (+46.3%), from €9,111 to €13,330
- Gross operating margin +€3,858
up €3,858 (+2.8%), from €139,182 to €143,040
- Depreciation -€2,991
down €2,991 (-11.0%), from €27,160 to €24,169
- Taxes +€1,516
up €1,516 (+5.9%), from €25,537 to €27,053
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 | €394,225 | €421,156 | +€26,931 | +6.8% |
| Fixed assets | 21/28 | €221,158 | €211,081 | -€10,077 | -4.6% |
| Tangible fixed assets | 22/27 | €221,158 | €211,081 | -€10,077 | -4.6% |
| Land and buildings | 22 | €202,873 | €193,136 | -€9,738 | -4.8% |
| Plant, machinery and equipment | 23 | €13,350 | €13,753 | +€403 | +3.0% |
| Furniture and vehicles | 24 | €4,935 | €4,192 | -€743 | -15.0% |
| Current assets | 29/58 | €173,067 | €210,076 | +€37,008 | +21.4% |
| Stocks and contracts in progress | 3 | €5,143 | €5,202 | +€59 | +1.1% |
| Stocks | 30/36 | €5,143 | €5,202 | +€59 | +1.1% |
| Amounts receivable within one year | 40/41 | €10,951 | €12,647 | +€1,696 | +15.5% |
| Trade receivables | 40 | €4,403 | €7,311 | +€2,907 | +66.0% |
| Other amounts receivable | 41 | €6,547 | €5,336 | -€1,211 | -18.5% |
| Cash at bank and in hand | 54/58 | €155,080 | €188,622 | +€33,542 | +21.6% |
| Deferred charges and accrued income | 490/1 | €1,893 | €3,604 | +€1,711 | +90.4% |
| Total equity and liabilities | 10/49 | €394,225 | €421,156 | +€26,931 | +6.8% |
| Equity | 10/15 | €169,014 | €246,305 | +€77,291 | +45.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,014 | €243,305 | +€77,291 | +46.6% |
| Amounts payable | 17/49 | €225,211 | €174,851 | -€50,360 | -22.4% |
| Amounts payable within one year | 42/48 | €221,111 | €165,982 | -€55,129 | -24.9% |
| Trade debts | 44 | €3,997 | €2,286 | -€1,711 | -42.8% |
| Suppliers | 440/4 | €3,997 | €2,286 | -€1,711 | -42.8% |
| Taxes, remuneration and social security | 45 | - | €5,968 | +€5,968 | |
| Taxes | 450/3 | - | €5,968 | +€5,968 | |
| Other amounts payable | 47/48 | €217,114 | €157,729 | -€59,386 | -27.4% |
| Accrued charges and deferred income | 492/3 | €4,100 | €8,868 | +€4,769 | +116% |
| Remuneration, social security and pensions | 62 | €4,800 | €451 | -€4,349 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,160 | €24,169 | -€2,991 | -11.0% |
| Other operating charges | 640/8 | €1,575 | €1,498 | -€77 | -4.9% |
| Gross operating margin | 9900 | €139,182 | €143,040 | +€3,858 | +2.8% |
| Operating profit (loss) | 9901 | €105,647 | €116,922 | +€11,275 | +10.7% |
| Financial income | 75/76B | €300 | €752 | +€451 | +150% |
| Recurring financial income | 75 | €300 | €752 | +€451 | +150% |
| Financial charges | 65/66B | €9,111 | €13,330 | +€4,218 | +46.3% |
| Recurring financial charges | 65 | €9,111 | €13,330 | +€4,218 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €96,836 | €104,344 | +€7,508 | +7.8% |
| Income taxes | 67/77 | €25,537 | €27,053 | +€1,516 | +5.9% |
| Profit (loss) for the period | 9904 | €71,299 | €77,291 | +€5,992 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €71,299 | €77,291 | +€5,992 | +8.4% |
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.