DEN HANS: 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 HANS
Largest movements
- Receivables within one year -€51,005
down €51,005 (-74.4%), from €68,547 to €17,542
of which Trade receivables: -€49,570
- Tangible fixed assets +€8,374
up €8,374 (+10.9%), from €76,879 to €85,252
of which Plant, machinery and equipment: +€31,337
- Cash +€4,195
new in 2025: €4,195
mainly Receivables within one year (+€51,005) and Depreciation (+€29,592)
- Intangible fixed assets -€2,966
down €2,966 (-42.0%), from €7,065 to €4,100
- Stocks and contracts -€2,062
down €2,062 (-24.3%), from €8,487 to €6,425
- Profit (loss) carried forward -€29,965
down €29,965 (-146.1%), from -€20,505 to -€50,469
- Trade debts -€15,779
down €15,779 (-50.8%), from €31,080 to €15,301
- Debts after one year +€9,492
up €9,492 (+22.6%), from €42,005 to €51,497
- Short-term financial debts -€6,932
no longer reported in 2025 (was €6,932)
- Current portion of long-term debt +€5,508
up €5,508 (+26.9%), from €20,500 to €26,008
- Gross operating margin -€29,425
down €29,425 (-24.8%), from €118,427 to €89,002
- Staff costs +€4,746
up €4,746 (+5.9%), from €80,976 to €85,722
- Depreciation +€2,611
up €2,611 (+9.7%), from €26,981 to €29,592
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 | €161,291 | €117,957 | -€43,335 | -26.9% |
| Fixed assets | 21/28 | €83,944 | €89,352 | +€5,408 | +6.4% |
| Intangible fixed assets | 21 | €7,065 | €4,100 | -€2,966 | -42.0% |
| Tangible fixed assets | 22/27 | €76,879 | €85,252 | +€8,374 | +10.9% |
| Plant, machinery and equipment | 23 | €4,860 | €36,197 | +€31,337 | +644.8% |
| Furniture and vehicles | 24 | €72,018 | €49,055 | -€22,963 | -31.9% |
| Current assets | 29/58 | €77,347 | €28,605 | -€48,743 | -63.0% |
| Stocks and contracts in progress | 3 | €8,487 | €6,425 | -€2,062 | -24.3% |
| Stocks | 30/36 | €8,487 | €6,425 | -€2,062 | -24.3% |
| Amounts receivable within one year | 40/41 | €68,547 | €17,542 | -€51,005 | -74.4% |
| Trade receivables | 40 | €58,645 | €9,075 | -€49,570 | -84.5% |
| Other amounts receivable | 41 | €9,903 | €8,467 | -€1,436 | -14.5% |
| Cash at bank and in hand | 54/58 | - | €4,195 | +€4,195 | |
| Deferred charges and accrued income | 490/1 | €314 | €444 | +€130 | +41.4% |
| Total equity and liabilities | 10/49 | €161,291 | €117,957 | -€43,335 | -26.9% |
| Equity | 10/15 | €4,214 | -€25,751 | -€29,965 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,719 | €21,719 | = | 0.0% |
| Distributable reserves | 133 | €21,719 | €21,719 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,505 | -€50,469 | -€29,965 | -146.1% |
| Amounts payable | 17/49 | €157,077 | €143,707 | -€13,370 | -8.5% |
| Amounts payable after more than one year | 17 | €42,005 | €51,497 | +€9,492 | +22.6% |
| Financial debts | 170/4 | €42,005 | €51,497 | +€9,492 | +22.6% |
| Amounts payable within one year | 42/48 | €113,345 | €92,210 | -€21,135 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €20,500 | €26,008 | +€5,508 | +26.9% |
| Financial debts | 43 | €6,932 | - | -€6,932 | |
| Credit institutions | 430/8 | €6,932 | - | -€6,932 | |
| Trade debts | 44 | €31,080 | €15,301 | -€15,779 | -50.8% |
| Suppliers | 440/4 | €31,080 | €15,301 | -€15,779 | -50.8% |
| Taxes, remuneration and social security | 45 | €6,310 | €6,928 | +€619 | +9.8% |
| Taxes | 450/3 | €2,203 | €2,210 | +€7 | +0.3% |
| Remuneration and social security | 454/9 | €4,106 | €4,718 | +€612 | +14.9% |
| Other amounts payable | 47/48 | €48,523 | €43,973 | -€4,550 | -9.4% |
| Accrued charges and deferred income | 492/3 | €1,727 | - | -€1,727 | |
| Remuneration, social security and pensions | 62 | €80,976 | €85,722 | +€4,746 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,981 | €29,592 | +€2,611 | +9.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €118,427 | €89,002 | -€29,425 | -24.8% |
| Operating profit (loss) | 9901 | €9,965 | -€26,831 | -€36,796 | |
| Financial charges | 65/66B | €2,998 | €2,906 | -€92 | -3.1% |
| Recurring financial charges | 65 | €2,998 | €2,906 | -€92 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €6,967 | -€29,737 | -€36,704 | |
| Income taxes | 67/77 | €228 | €228 | +€0 | +0.1% |
| Profit (loss) for the period | 9904 | €6,739 | -€29,965 | -€36,704 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,739 | -€29,965 | -€36,704 |
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 9 October 2026 via checked.be.