DEN HOORN: 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 HOORN
Largest movements
- Cash -€28,752
down €28,752 (-43.7%), from €65,811 to €37,059
mainly Contributions, distributions and other (-€53,141) and Current portion of long-term debt (-€21,548)
- Tangible fixed assets -€4,911
down €4,911 (-1.4%), from €345,435 to €340,525
of which Land and buildings: -€4,884
- Current portion of long-term debt -€21,548
down €21,548 (-89.3%), from €24,131 to €2,583
- Reserves -€13,587
down €13,587 (-4.1%), from €332,272 to €318,685
of which Distributable reserves: -€13,587
- Tax, wage and social debts +€8,202
up €8,202 (+127%), from €6,469 to €14,671
- Other debts -€5,131
down €5,131 (-23.6%), from €21,750 to €16,618
- Gross operating margin +€4,984
up €4,984 (+7.0%), from €71,193 to €76,177
- Taxes +€2,425
up €2,425 (+14.7%), from €16,539 to €18,964
- Financial charges -€1,069
down €1,069 (-41.0%), from €2,607 to €1,538
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 | €413,448 | €379,832 | -€33,616 | -8.1% |
| Fixed assets | 21/28 | €345,435 | €340,525 | -€4,911 | -1.4% |
| Tangible fixed assets | 22/27 | €345,435 | €340,525 | -€4,911 | -1.4% |
| Land and buildings | 22 | €345,409 | €340,525 | -€4,884 | -1.4% |
| Plant, machinery and equipment | 23 | €26 | €0 | -€26 | -100% |
| Current assets | 29/58 | €68,013 | €39,308 | -€28,705 | -42.2% |
| Amounts receivable within one year | 40/41 | €485 | €485 | = | 0.0% |
| Other amounts receivable | 41 | €485 | €485 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,811 | €37,059 | -€28,752 | -43.7% |
| Deferred charges and accrued income | 490/1 | €1,717 | €1,764 | +€47 | +2.7% |
| Total equity and liabilities | 10/49 | €413,448 | €379,832 | -€33,616 | -8.1% |
| Equity | 10/15 | €356,272 | €342,685 | -€13,587 | -3.8% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €332,272 | €318,685 | -€13,587 | -4.1% |
| Non-distributable reserves | 130/1 | €13,091 | €13,091 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,091 | €13,091 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,408 | €37,408 | = | 0.0% |
| Distributable reserves | 133 | €281,773 | €268,186 | -€13,587 | -4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €57,176 | €37,147 | -€20,029 | -35.0% |
| Amounts payable after more than one year | 17 | €2,583 | €2,340 | -€243 | -9.4% |
| Financial debts | 170/4 | €2,583 | €0 | -€2,583 | -100% |
| Other amounts payable | 178/9 | - | €2,340 | +€2,340 | |
| Amounts payable within one year | 42/48 | €53,462 | €33,958 | -€19,504 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €24,131 | €2,583 | -€21,548 | -89.3% |
| Trade debts | 44 | €1,112 | €86 | -€1,027 | -92.3% |
| Suppliers | 440/4 | €1,112 | €86 | -€1,027 | -92.3% |
| Taxes, remuneration and social security | 45 | €6,469 | €14,671 | +€8,202 | +127% |
| Taxes | 450/3 | €6,469 | €14,671 | +€8,202 | +127% |
| Other amounts payable | 47/48 | €21,750 | €16,618 | -€5,131 | -23.6% |
| Accrued charges and deferred income | 492/3 | €1,132 | €849 | -€282 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,259 | €11,561 | -€698 | -5.7% |
| Other operating charges | 640/8 | €4,828 | €4,979 | +€151 | +3.1% |
| Gross operating margin | 9900 | €71,193 | €76,177 | +€4,984 | +7.0% |
| Operating profit (loss) | 9901 | €54,106 | €59,637 | +€5,531 | +10.2% |
| Financial income | 75/76B | €236 | €418 | +€182 | +77.5% |
| Recurring financial income | 75 | €236 | €418 | +€182 | +77.5% |
| Financial charges | 65/66B | €2,607 | €1,538 | -€1,069 | -41.0% |
| Recurring financial charges | 65 | €2,607 | €1,538 | -€1,069 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €51,735 | €58,517 | +€6,782 | +13.1% |
| Income taxes | 67/77 | €16,539 | €18,964 | +€2,425 | +14.7% |
| Profit (loss) for the period | 9904 | €35,196 | €39,554 | +€4,358 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,196 | €39,554 | +€4,358 | +12.4% |
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 23 October 2026 via checked.be.