DEHOUCK: what changed
Two fiscal 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
DEHOUCK
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€47,414
2024 · €95,469-€48,055
Equity
€1.7m
2024 · €1.6m+€47,414
Cash
€72
2024 · €119-€47
Balance sheet total
€3.8m
2024 · €4.0m-€189,705
Largest movements
Assets
- Stocks and contracts -€187,200
no longer reported in 2025 (was €187,200)
Equity and liabilities
- Short-term financial debts -€272,633
down €272,633 (-94.2%), from €289,356 to €16,724
- Debts after one year +€61,073
up €61,073 (+3.5%), from €1.8m to €1.8m
of which Other amounts payable: +€147,520
- Reserves +€47,414
up €47,414 (+3.6%), from €1.3m to €1.4m
Income statement
- Provisions +€97,606
no longer reported in 2025 (was -€97,606)
- Gross operating margin +€38,976
up €38,976 (+36.5%), from €106,726 to €145,702
- Taxes -€19,489
down €19,489 (-47.7%), from €40,824 to €21,336
- Financial charges +€11,090
up €11,090 (+15.6%), from €71,244 to €82,334
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
€95,469
Gross operating margin
+€38,976
Staff costs
+€816
Depreciation
-€865
Provisions
-€97,606
Other operating charges
+€851
Financial income
+€1,376
Financial charges
-€11,090
Taxes
+€19,489
Result 2025
€47,414
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.
From operations
+€220,703
Investment
-€13,074
Financing
-€207,676
Cash 2024
€119
From operations (derived)
+€220,703
Net result for the year
+€47,414
Depreciation
+€3,674
Stocks and contracts
+€187,200
Receivables within one year
+€12,671
Deferred charges and accrued income
-€813
Trade debts
-€27,841
Tax, wage and social debts
+€6,180
Other debts
-€7,783
Investment (derived)
-€13,074
Investment in fixed assets (net)
-€13,074
Financing
-€207,676
Debts after one year
+€61,073
Current portion of long-term debt
+€3,884
Short-term financial debts
-€272,633
Cash 2025
€72
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,950,058 | €3,760,353 | -€189,705 | -4.8% |
| Fixed assets | 21/28 | €2,646,440 | €2,655,840 | +€9,400 | +0.4% |
| Tangible fixed assets | 22/27 | €8,818 | €18,218 | +€9,400 | +106.6% |
| Furniture and vehicles | 24 | €7,384 | €16,937 | +€9,552 | +129.4% |
| Other tangible fixed assets | 26 | €1,433 | €1,281 | -€152 | -10.6% |
| Financial fixed assets | 28 | €2,637,622 | €2,637,622 | = | 0.0% |
| Current assets | 29/58 | €1,303,618 | €1,104,513 | -€199,105 | -15.3% |
| Amounts receivable after more than one year | 29 | €515,000 | €515,000 | = | 0.0% |
| Other amounts receivable | 291 | €515,000 | €515,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €187,200 | - | -€187,200 | |
| Stocks | 30/36 | €187,200 | - | -€187,200 | |
| Amounts receivable within one year | 40/41 | €601,032 | €588,361 | -€12,671 | -2.1% |
| Trade receivables | 40 | €5,580 | €9,504 | +€3,924 | +70.3% |
| Other amounts receivable | 41 | €595,453 | €578,857 | -€16,596 | -2.8% |
| Cash at bank and in hand | 54/58 | €119 | €72 | -€47 | -39.4% |
| Deferred charges and accrued income | 490/1 | €267 | €1,080 | +€813 | +304.8% |
| Total equity and liabilities | 10/49 | €3,950,058 | €3,760,353 | -€189,705 | -4.8% |
| Equity | 10/15 | €1,644,857 | €1,692,271 | +€47,414 | +2.9% |
| Contributions | 10/11 | €312,000 | €312,000 | = | 0.0% |
| Reserves | 13 | €1,332,857 | €1,380,271 | +€47,414 | +3.6% |
| Distributable reserves | 133 | €1,332,857 | €1,380,271 | +€47,414 | +3.6% |
| Amounts payable | 17/49 | €2,305,201 | €2,068,082 | -€237,119 | -10.3% |
| Amounts payable after more than one year | 17 | €1,762,012 | €1,823,085 | +€61,073 | +3.5% |
| Financial debts | 170/4 | €192,179 | €105,732 | -€86,447 | -45.0% |
| Other amounts payable | 178/9 | €1,569,833 | €1,717,353 | +€147,520 | +9.4% |
| Amounts payable within one year | 42/48 | €543,189 | €244,997 | -€298,192 | -54.9% |
| Current portion of amounts payable after more than one year | 42 | €88,988 | €92,872 | +€3,884 | +4.4% |
| Financial debts | 43 | €289,356 | €16,724 | -€272,633 | -94.2% |
| Credit institutions | 430/8 | €289,356 | €16,724 | -€272,633 | -94.2% |
| Trade debts | 44 | €58,800 | €30,960 | -€27,841 | -47.3% |
| Suppliers | 440/4 | €58,800 | €30,960 | -€27,841 | -47.3% |
| Taxes, remuneration and social security | 45 | €63,680 | €69,860 | +€6,180 | +9.7% |
| Taxes | 450/3 | €36,282 | €60,457 | +€24,175 | +66.6% |
| Remuneration and social security | 454/9 | €27,398 | €9,403 | -€17,995 | -65.7% |
| Other amounts payable | 47/48 | €42,364 | €34,581 | -€7,783 | -18.4% |
| Remuneration, social security and pensions | 62 | €18,352 | €17,536 | -€816 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,809 | €3,674 | +€865 | +30.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€97,606 | - | +€97,606 | |
| Other operating charges | 640/8 | €9,608 | €8,757 | -€851 | -8.9% |
| Gross operating margin | 9900 | €106,726 | €145,702 | +€38,976 | +36.5% |
| Operating profit (loss) | 9901 | €173,563 | €115,735 | -€57,828 | -33.3% |
| Financial income | 75/76B | €33,974 | €35,349 | +€1,376 | +4.0% |
| Recurring financial income | 75 | €33,974 | €35,349 | +€1,376 | +4.0% |
| Financial charges | 65/66B | €71,244 | €82,334 | +€11,090 | +15.6% |
| Recurring financial charges | 65 | €71,244 | €82,334 | +€11,090 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €136,293 | €68,750 | -€67,543 | -49.6% |
| Income taxes | 67/77 | €40,824 | €21,336 | -€19,489 | -47.7% |
| Profit (loss) for the period | 9904 | €95,469 | €47,414 | -€48,055 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €95,469 | €47,414 | -€48,055 | -50.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.