DEN HARINCK: 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 HARINCK
Largest movements
- Tangible fixed assets +€723,288
new in 2025: €723,288
of which Land and buildings: +€589,184
- Cash +€42,224
up €42,224 (+6,516%), from €648 to €42,872
mainly Debts after one year (+€639,400) and Current portion of long-term debt (+€54,849)
- Stocks and contracts +€19,283
new in 2025: €19,283
- Debts after one year +€639,400
new in 2025: €639,400
of which Financial debts: +€449,522
- Current portion of long-term debt +€54,849
new in 2025: €54,849
- Other debts +€30,325
up €30,325 (+5,043%), from €601 to €30,926
- Trade debts +€20,869
up €20,869 (+971%), from €2,149 to €23,018
- Tax, wage and social debts +€19,938
up €19,938 (+574%), from €3,474 to €23,412
of which Taxes: +€15,496
- Gross operating margin +€94,918
up €94,918 (+844%), from €11,251 to €106,170
- Staff costs +€60,901
new in 2025: €60,901
- Depreciation +€15,859
new in 2025: €15,859
- Financial charges +€12,413
up €12,413 (+14,115%), from €88 to €12,501
of which Financial charges: +€12,413
- Other operating charges +€3,363
up €3,363 (+708%), from €475 to €3,839
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 | €13,738 | €798,336 | +€784,598 | +5,711% |
| Fixed assets | 21/28 | - | €725,538 | +€725,538 | |
| Intangible fixed assets | 21 | - | €844 | +€844 | |
| Tangible fixed assets | 22/27 | - | €723,288 | +€723,288 | |
| Land and buildings | 22 | - | €589,184 | +€589,184 | |
| Plant, machinery and equipment | 23 | - | €113,946 | +€113,946 | |
| Furniture and vehicles | 24 | - | €20,158 | +€20,158 | |
| Financial fixed assets | 28 | - | €1,406 | +€1,406 | |
| Current assets | 29/58 | €13,738 | €72,798 | +€59,060 | +430% |
| Stocks and contracts in progress | 3 | - | €19,283 | +€19,283 | |
| Stocks | 30/36 | - | €19,283 | +€19,283 | |
| Amounts receivable within one year | 40/41 | €12,584 | €6,036 | -€6,548 | -52.0% |
| Trade receivables | 40 | €4,366 | €1,102 | -€3,264 | -74.8% |
| Other amounts receivable | 41 | €8,218 | €4,934 | -€3,283 | -40.0% |
| Cash at bank and in hand | 54/58 | €648 | €42,872 | +€42,224 | +6,516% |
| Deferred charges and accrued income | 490/1 | €506 | €4,607 | +€4,101 | +811% |
| Total equity and liabilities | 10/49 | €13,738 | €798,336 | +€784,598 | +5,711% |
| Equity | 10/15 | €7,226 | €18,988 | +€11,763 | +163% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €11,763 | +€11,763 | |
| Distributable reserves | 133 | - | €11,763 | +€11,763 | |
| Profit (loss) carried forward | 14 | €1,026 | €1,026 | = | 0.0% |
| Amounts payable | 17/49 | €6,512 | €779,347 | +€772,835 | +11,868% |
| Amounts payable after more than one year | 17 | - | €639,400 | +€639,400 | |
| Financial debts | 170/4 | - | €449,522 | +€449,522 | |
| Other amounts payable | 178/9 | - | €189,878 | +€189,878 | |
| Amounts payable within one year | 42/48 | €6,224 | €132,205 | +€125,981 | +2,024% |
| Current portion of amounts payable after more than one year | 42 | - | €54,849 | +€54,849 | |
| Trade debts | 44 | €2,149 | €23,018 | +€20,869 | +971% |
| Suppliers | 440/4 | €2,149 | €23,018 | +€20,869 | +971% |
| Taxes, remuneration and social security | 45 | €3,474 | €23,412 | +€19,938 | +574% |
| Taxes | 450/3 | €3,474 | €18,970 | +€15,496 | +446% |
| Remuneration and social security | 454/9 | - | €4,442 | +€4,442 | |
| Other amounts payable | 47/48 | €601 | €30,926 | +€30,325 | +5,043% |
| Accrued charges and deferred income | 492/3 | €288 | €7,742 | +€7,454 | +2,585% |
| Remuneration, social security and pensions | 62 | - | €60,901 | +€60,901 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €15,859 | +€15,859 | |
| Other operating charges | 640/8 | €475 | €3,839 | +€3,363 | +708% |
| Non-recurring operating charges | 66A | - | €132 | +€132 | |
| Gross operating margin | 9900 | €11,251 | €106,170 | +€94,918 | +844% |
| Operating profit (loss) | 9901 | €10,776 | €25,440 | +€14,664 | +136% |
| Financial income | 75/76B | €3 | €0 | -€3 | -98.9% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -98.9% |
| Financial charges | 65/66B | €88 | €12,501 | +€12,413 | +14,115% |
| Recurring financial charges | 65 | €88 | €12,501 | +€12,413 | +14,115% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €10,691 | €12,939 | +€2,248 | +21.0% |
| Income taxes | 67/77 | - | €1,176 | +€1,176 | |
| Profit (loss) for the period | 9904 | €10,691 | €11,763 | +€1,072 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,691 | €11,763 | +€1,072 | +10.0% |
Source: filed annual accounts (NBB), financial years ended 1 October 2024 and 1 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.