DE HOE INTERNATIONAL 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.
DE HOE INTERNATIONAL CONSTRUCT
Largest movements
- Cash +€28,254
up €28,254 (+116.9%), from €24,170 to €52,424
mainly Trade debts (+€69,545) and Net result for the year (+€14,857)
- Receivables after one year +€18,544
new in 2025: €18,544
- Receivables within one year +€17,054
up €17,054 (+8.6%), from €197,951 to €215,005
of which Trade receivables: +€16,349
- Trade debts +€69,545
up €69,545 (+64.6%), from €107,604 to €177,149
- Other debts -€3,233
no longer reported in 2025 (was €3,233)
- Gross operating margin -€7,261
down €7,261 (-23.5%), from €30,947 to €23,686
- Taxes +€853
up €853 (+10.1%), from €8,477 to €9,330
- Financial income +€540
up €540 (+45.0%), from €1,200 to €1,740
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.
Cash bridge derived
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 | €222,666 | €287,111 | +€64,444 | +28.9% |
| Fixed assets | 21/28 | €545 | €1,138 | +€593 | +108.8% |
| Tangible fixed assets | 22/27 | €545 | €1,138 | +€593 | +108.8% |
| Plant, machinery and equipment | 23 | €545 | €140 | -€405 | -74.2% |
| Furniture and vehicles | 24 | €0 | €997 | +€997 | |
| Current assets | 29/58 | €222,121 | €285,973 | +€63,851 | +28.7% |
| Amounts receivable after more than one year | 29 | - | €18,544 | +€18,544 | |
| Other amounts receivable | 291 | - | €18,544 | +€18,544 | |
| Amounts receivable within one year | 40/41 | €197,951 | €215,005 | +€17,054 | +8.6% |
| Trade receivables | 40 | €196,085 | €212,434 | +€16,349 | +8.3% |
| Other amounts receivable | 41 | €1,866 | €2,571 | +€705 | +37.8% |
| Cash at bank and in hand | 54/58 | €24,170 | €52,424 | +€28,254 | +116.9% |
| Total equity and liabilities | 10/49 | €222,666 | €287,111 | +€64,444 | +28.9% |
| Equity | 10/15 | €7,396 | €5,253 | -€2,143 | -29.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,396 | €1,253 | -€2,143 | -63.1% |
| Amounts payable | 17/49 | €215,270 | €281,858 | +€66,588 | +30.9% |
| Amounts payable within one year | 42/48 | €215,270 | €281,858 | +€66,588 | +30.9% |
| Trade debts | 44 | €107,604 | €177,149 | +€69,545 | +64.6% |
| Suppliers | 440/4 | €107,604 | €177,149 | +€69,545 | +64.6% |
| Advances received on contracts in progress | 46 | €92,993 | €95,378 | +€2,385 | +2.6% |
| Taxes, remuneration and social security | 45 | €11,440 | €9,330 | -€2,109 | -18.4% |
| Taxes | 450/3 | €11,440 | €9,330 | -€2,109 | -18.4% |
| Other amounts payable | 47/48 | €3,233 | - | -€3,233 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €611 | €500 | -€111 | -18.1% |
| Other operating charges | 640/8 | €526 | €659 | +€133 | +25.4% |
| Gross operating margin | 9900 | €30,947 | €23,686 | -€7,261 | -23.5% |
| Operating profit (loss) | 9901 | €29,810 | €22,527 | -€7,284 | -24.4% |
| Financial income | 75/76B | €1,200 | €1,740 | +€540 | +45.0% |
| Recurring financial income | 75 | €1,200 | €1,740 | +€540 | +45.0% |
| Financial charges | 65/66B | €51 | €80 | +€29 | +56.2% |
| Recurring financial charges | 65 | €51 | €80 | +€29 | +56.2% |
| Profit (loss) for the period before taxes | 9903 | €30,959 | €24,187 | -€6,772 | -21.9% |
| Income taxes | 67/77 | €8,477 | €9,330 | +€853 | +10.1% |
| Profit (loss) for the period | 9904 | €22,482 | €14,857 | -€7,626 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,482 | €14,857 | -€7,626 | -33.9% |
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 12 October 2026 via checked.be.