DEN HOF: 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 HOF
Largest movements
- Tangible fixed assets +€18,309
up €18,309 (+9.1%), from €201,697 to €220,006
of which Furniture and vehicles: +€28,362
- Receivables within one year +€16,978
up €16,978 (+74.7%), from €22,718 to €39,695
of which Trade receivables: +€11,428
- Deferred charges and accrued income -€14,387
down €14,387 (-90.5%), from €15,890 to €1,503
- Cash +€10,931
up €10,931 (+12.1%), from €90,271 to €101,202
mainly Net result for the year (+€59,866) and Depreciation (+€26,162)
- Stocks and contracts +€6,683
up €6,683 (+584%), from €1,144 to €7,827
- Reserves +€59,866
up €59,866 (+98.0%), from €61,085 to €120,950
- Other debts -€36,663
no longer reported in 2025 (was €36,663)
- Tax, wage and social debts +€15,180
up €15,180 (+56.0%), from €27,103 to €42,282
of which Remuneration and social security: +€7,638
- Staff costs +€25,685
up €25,685 (+52.7%), from €48,762 to €74,447
- Gross operating margin +€18,382
up €18,382 (+10.5%), from €175,709 to €194,090
- Depreciation +€4,959
up €4,959 (+23.4%), from €21,203 to €26,162
- Taxes -€3,766
down €3,766 (-14.1%), from €26,715 to €22,949
- Financial charges -€2,637
down €2,637 (-29.3%), from €9,003 to €6,366
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 | €331,719 | €370,232 | +€38,513 | +11.6% |
| Fixed assets | 21/28 | €201,697 | €220,006 | +€18,309 | +9.1% |
| Tangible fixed assets | 22/27 | €201,697 | €220,006 | +€18,309 | +9.1% |
| Land and buildings | 22 | €178,009 | €165,144 | -€12,866 | -7.2% |
| Plant, machinery and equipment | 23 | €17,376 | €20,189 | +€2,813 | +16.2% |
| Furniture and vehicles | 24 | €6,311 | €34,673 | +€28,362 | +449% |
| Current assets | 29/58 | €130,022 | €150,227 | +€20,205 | +15.5% |
| Stocks and contracts in progress | 3 | €1,144 | €7,827 | +€6,683 | +584% |
| Stocks | 30/36 | €1,144 | €7,827 | +€6,683 | +584% |
| Amounts receivable within one year | 40/41 | €22,718 | €39,695 | +€16,978 | +74.7% |
| Trade receivables | 40 | €13,887 | €25,315 | +€11,428 | +82.3% |
| Other amounts receivable | 41 | €8,831 | €14,380 | +€5,549 | +62.8% |
| Cash at bank and in hand | 54/58 | €90,271 | €101,202 | +€10,931 | +12.1% |
| Deferred charges and accrued income | 490/1 | €15,890 | €1,503 | -€14,387 | -90.5% |
| Total equity and liabilities | 10/49 | €331,719 | €370,232 | +€38,513 | +11.6% |
| Equity | 10/15 | €64,085 | €123,950 | +€59,866 | +93.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €61,085 | €120,950 | +€59,866 | +98.0% |
| Distributable reserves | 133 | €61,085 | €120,950 | +€59,866 | +98.0% |
| Amounts payable | 17/49 | €267,634 | €246,282 | -€21,352 | -8.0% |
| Amounts payable after more than one year | 17 | €123,611 | €123,641 | +€30 | 0.0% |
| Financial debts | 170/4 | €123,611 | €123,641 | +€30 | 0.0% |
| Amounts payable within one year | 42/48 | €144,024 | €122,641 | -€21,383 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €13,996 | €14,387 | +€392 | +2.8% |
| Financial debts | 43 | - | €18 | +€18 | |
| Credit institutions | 430/8 | - | €18 | +€18 | |
| Trade debts | 44 | €66,262 | €65,954 | -€309 | -0.5% |
| Suppliers | 440/4 | €66,262 | €65,954 | -€309 | -0.5% |
| Taxes, remuneration and social security | 45 | €27,103 | €42,282 | +€15,180 | +56.0% |
| Taxes | 450/3 | €25,025 | €32,567 | +€7,542 | +30.1% |
| Remuneration and social security | 454/9 | €2,077 | €9,716 | +€7,638 | +368% |
| Other amounts payable | 47/48 | €36,663 | - | -€36,663 | |
| Remuneration, social security and pensions | 62 | €48,762 | €74,447 | +€25,685 | +52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,203 | €26,162 | +€4,959 | +23.4% |
| Other operating charges | 640/8 | €6,879 | €5,325 | -€1,554 | -22.6% |
| Gross operating margin | 9900 | €175,709 | €194,090 | +€18,382 | +10.5% |
| Operating profit (loss) | 9901 | €98,865 | €88,156 | -€10,708 | -10.8% |
| Financial income | 75/76B | €238 | €1,025 | +€787 | +331% |
| Recurring financial income | 75 | €238 | €25 | -€213 | -89.4% |
| Non-recurring financial income | 76B | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €9,003 | €6,366 | -€2,637 | -29.3% |
| Recurring financial charges | 65 | €9,003 | €6,366 | -€2,637 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €90,100 | €82,815 | -€7,285 | -8.1% |
| Income taxes | 67/77 | €26,715 | €22,949 | -€3,766 | -14.1% |
| Profit (loss) for the period | 9904 | €63,385 | €59,866 | -€3,519 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,385 | €59,866 | -€3,519 | -5.6% |
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.