DEN HABE: 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.
DEN HABE
Largest movements
- Tangible fixed assets -€42,151
down €42,151 (-6.6%), from €636,784 to €594,633
of which Land and buildings: -€42,012
- Receivables within one year +€8,579
up €8,579 (+36.8%), from €23,339 to €31,917
of which Other amounts receivable: +€17,429
- Debts after one year -€47,530
down €47,530 (-9.2%), from €515,301 to €467,771
- Profit (loss) carried forward +€15,164
up €15,164, from -€11,716 to €3,448
- Gross operating margin +€12,694
up €12,694 (+21.0%), from €60,553 to €73,247
- Taxes +€1,273
new in 2025: €1,273
- Financial charges -€836
down €836 (-6.7%), from €12,514 to €11,678
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 | €663,361 | €629,730 | -€33,630 | -5.1% |
| Fixed assets | 21/28 | €636,784 | €594,633 | -€42,151 | -6.6% |
| Tangible fixed assets | 22/27 | €636,784 | €594,633 | -€42,151 | -6.6% |
| Land and buildings | 22 | €635,891 | €593,879 | -€42,012 | -6.6% |
| Plant, machinery and equipment | 23 | €893 | €754 | -€139 | -15.6% |
| Current assets | 29/58 | €26,577 | €35,098 | +€8,521 | +32.1% |
| Amounts receivable within one year | 40/41 | €23,339 | €31,917 | +€8,579 | +36.8% |
| Trade receivables | 40 | €11,584 | €2,734 | -€8,850 | -76.4% |
| Other amounts receivable | 41 | €11,755 | €29,183 | +€17,429 | +148% |
| Cash at bank and in hand | 54/58 | €2,821 | €2,763 | -€58 | -2.1% |
| Deferred charges and accrued income | 490/1 | €417 | €417 | = | 0.0% |
| Total equity and liabilities | 10/49 | €663,361 | €629,730 | -€33,630 | -5.1% |
| Equity | 10/15 | -€5,516 | €9,648 | +€15,164 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,716 | €3,448 | +€15,164 | |
| Amounts payable | 17/49 | €668,877 | €620,082 | -€48,795 | -7.3% |
| Amounts payable after more than one year | 17 | €515,301 | €467,771 | -€47,530 | -9.2% |
| Financial debts | 170/4 | €515,301 | €467,771 | -€47,530 | -9.2% |
| Amounts payable within one year | 42/48 | €153,576 | €152,312 | -€1,265 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €46,561 | €47,530 | +€969 | +2.1% |
| Trade debts | 44 | €22,882 | €19,375 | -€3,507 | -15.3% |
| Suppliers | 440/4 | €22,882 | €19,375 | -€3,507 | -15.3% |
| Taxes, remuneration and social security | 45 | - | €1,273 | +€1,273 | |
| Taxes | 450/3 | - | €1,273 | +€1,273 | |
| Other amounts payable | 47/48 | €84,134 | €84,134 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,151 | €42,151 | = | 0.0% |
| Other operating charges | 640/8 | €2,872 | €2,980 | +€108 | +3.8% |
| Gross operating margin | 9900 | €60,553 | €73,247 | +€12,694 | +21.0% |
| Operating profit (loss) | 9901 | €15,530 | €28,115 | +€12,585 | +81.0% |
| Financial charges | 65/66B | €12,514 | €11,678 | -€836 | -6.7% |
| Recurring financial charges | 65 | €12,514 | €11,678 | -€836 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €3,016 | €16,438 | +€13,421 | +445% |
| Income taxes | 67/77 | - | €1,273 | +€1,273 | |
| Profit (loss) for the period | 9904 | €3,016 | €15,164 | +€12,148 | +403% |
| Profit (loss) for the period to be appropriated | 9905 | €3,016 | €15,164 | +€12,148 | +403% |
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 19 October 2026 via checked.be.