DE HOOFDZAAK: 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 HOOFDZAAK
Largest movements
- Tangible fixed assets -€193,646
down €193,646 (-3.9%), from €4.9m to €4.7m
of which Land and buildings: -€159,117
- Debts after one year -€212,710
down €212,710 (-7.4%), from €2.9m to €2.7m
- Other debts +€152,630
up €152,630 (+7.8%), from €1.9m to €2.1m
- Profit (loss) carried forward -€148,279
down €148,279 (-56.3%), from -€263,540 to -€411,819
- Trade debts -€108,157
down €108,157 (-89.0%), from €121,548 to €13,391
- Gross operating margin -€133,816
down €133,816 (-35.5%), from €376,765 to €242,949
- Staff costs +€53,473
up €53,473 (+59.1%), from €90,417 to €143,890
- Depreciation -€7,465
down €7,465 (-4.4%), from €168,518 to €161,053
- Financial charges -€6,517
down €6,517 (-7.2%), from €90,954 to €84,437
- Financial income +€3,944
up €3,944 (+1,146%), from €344 to €4,288
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 | €5,067,886 | €4,790,392 | -€277,494 | -5.5% |
| Fixed assets | 21/28 | €4,935,236 | €4,741,590 | -€193,646 | -3.9% |
| Tangible fixed assets | 22/27 | €4,935,236 | €4,741,590 | -€193,646 | -3.9% |
| Land and buildings | 22 | €4,647,947 | €4,488,829 | -€159,117 | -3.4% |
| Plant, machinery and equipment | 23 | €287,289 | €252,760 | -€34,529 | -12.0% |
| Current assets | 29/58 | €132,650 | €48,802 | -€83,848 | -63.2% |
| Amounts receivable within one year | 40/41 | €73,563 | €26,078 | -€47,485 | -64.6% |
| Trade receivables | 40 | €58,500 | €25,604 | -€32,897 | -56.2% |
| Other amounts receivable | 41 | €15,063 | €474 | -€14,589 | -96.9% |
| Cash at bank and in hand | 54/58 | €55,922 | €20,581 | -€35,341 | -63.2% |
| Deferred charges and accrued income | 490/1 | €3,165 | €2,144 | -€1,021 | -32.3% |
| Total equity and liabilities | 10/49 | €5,067,886 | €4,790,392 | -€277,494 | -5.5% |
| Equity | 10/15 | -€244,990 | -€393,269 | -€148,279 | -60.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€263,540 | -€411,819 | -€148,279 | -56.3% |
| Amounts payable | 17/49 | €5,312,876 | €5,183,661 | -€129,215 | -2.4% |
| Amounts payable after more than one year | 17 | €2,873,063 | €2,660,353 | -€212,710 | -7.4% |
| Financial debts | 170/4 | €2,873,063 | €2,660,353 | -€212,710 | -7.4% |
| Amounts payable within one year | 42/48 | €2,312,927 | €2,361,570 | +€48,643 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €214,138 | €212,710 | -€1,428 | -0.7% |
| Trade debts | 44 | €121,548 | €13,391 | -€108,157 | -89.0% |
| Suppliers | 440/4 | €121,548 | €13,391 | -€108,157 | -89.0% |
| Taxes, remuneration and social security | 45 | €29,518 | €35,117 | +€5,599 | +19.0% |
| Taxes | 450/3 | €18,674 | €18,693 | +€19 | +0.1% |
| Remuneration and social security | 454/9 | €10,844 | €16,424 | +€5,580 | +51.5% |
| Other amounts payable | 47/48 | €1,947,723 | €2,100,352 | +€152,630 | +7.8% |
| Accrued charges and deferred income | 492/3 | €126,887 | €161,738 | +€34,851 | +27.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €90,417 | €143,890 | +€53,473 | +59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,518 | €161,053 | -€7,465 | -4.4% |
| Other operating charges | 640/8 | €5,538 | €6,135 | +€597 | +10.8% |
| Gross operating margin | 9900 | €376,765 | €242,949 | -€133,816 | -35.5% |
| Operating profit (loss) | 9901 | €112,292 | -€68,129 | -€180,421 | |
| Financial income | 75/76B | €344 | €4,288 | +€3,944 | +1,146% |
| Recurring financial income | 75 | €344 | €4,288 | +€3,944 | +1,146% |
| Financial charges | 65/66B | €90,954 | €84,437 | -€6,517 | -7.2% |
| Recurring financial charges | 65 | €90,954 | €84,437 | -€6,517 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €21,682 | -€148,279 | -€169,960 | |
| Profit (loss) for the period | 9904 | €21,682 | -€148,279 | -€169,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,682 | -€148,279 | -€169,960 |
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.