DENNIS VAN HEYST: 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.
DENNIS VAN HEYST
Largest movements
- Tangible fixed assets -€9,228
down €9,228 (-18.5%), from €49,884 to €40,657
of which Furniture and vehicles: -€9,121
- Cash -€4,558
down €4,558 (-12.7%), from €35,895 to €31,338
mainly Debts after one year (-€11,785) and Tax, wage and social debts (-€5,132)
- Receivables within one year +€3,273
up €3,273 (+52.2%), from €6,271 to €9,544
of which Other amounts receivable: +€5,607
- Debts after one year -€11,785
down €11,785 (-40.9%), from €28,830 to €17,045
- Profit (loss) carried forward +€5,290
up €5,290 (+13.6%), from €38,793 to €44,083
- Tax, wage and social debts -€5,132
down €5,132 (-45.9%), from €11,168 to €6,037
- Gross operating margin -€5,418
down €5,418 (-12.4%), from €43,654 to €38,236
- Taxes -€3,135
down €3,135 (-55.6%), from €5,641 to €2,506
- Depreciation +€1,982
up €1,982 (+17.4%), from €11,369 to €13,350
- Financial charges -€583
down €583 (-26.0%), from €2,243 to €1,660
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 | €93,920 | €82,622 | -€11,298 | -12.0% |
| Fixed assets | 21/28 | €49,884 | €40,657 | -€9,228 | -18.5% |
| Tangible fixed assets | 22/27 | €49,884 | €40,657 | -€9,228 | -18.5% |
| Plant, machinery and equipment | 23 | €955 | €849 | -€106 | -11.1% |
| Furniture and vehicles | 24 | €48,929 | €39,808 | -€9,121 | -18.6% |
| Current assets | 29/58 | €44,036 | €41,965 | -€2,070 | -4.7% |
| Amounts receivable within one year | 40/41 | €6,271 | €9,544 | +€3,273 | +52.2% |
| Trade receivables | 40 | €2,334 | - | -€2,334 | |
| Other amounts receivable | 41 | €3,937 | €9,544 | +€5,607 | +142% |
| Cash at bank and in hand | 54/58 | €35,895 | €31,338 | -€4,558 | -12.7% |
| Deferred charges and accrued income | 490/1 | €1,869 | €1,083 | -€786 | -42.0% |
| Total equity and liabilities | 10/49 | €93,920 | €82,622 | -€11,298 | -12.0% |
| Equity | 10/15 | €41,293 | €46,583 | +€5,290 | +12.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,793 | €44,083 | +€5,290 | +13.6% |
| Amounts payable | 17/49 | €52,627 | €36,038 | -€16,588 | -31.5% |
| Amounts payable after more than one year | 17 | €28,830 | €17,045 | -€11,785 | -40.9% |
| Financial debts | 170/4 | €28,830 | €17,045 | -€11,785 | -40.9% |
| Amounts payable within one year | 42/48 | €23,279 | €18,994 | -€4,285 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €11,284 | €11,785 | +€501 | +4.4% |
| Trade debts | 44 | €826 | €1,172 | +€346 | +41.9% |
| Suppliers | 440/4 | €826 | €1,172 | +€346 | +41.9% |
| Taxes, remuneration and social security | 45 | €11,168 | €6,037 | -€5,132 | -45.9% |
| Taxes | 450/3 | €11,168 | €6,037 | -€5,132 | -45.9% |
| Accrued charges and deferred income | 492/3 | €518 | - | -€518 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,369 | €13,350 | +€1,982 | +17.4% |
| Other operating charges | 640/8 | €488 | €903 | +€414 | +84.9% |
| Non-recurring operating charges | 66A | €3,814 | €14,871 | +€11,057 | +290% |
| Gross operating margin | 9900 | €43,654 | €38,236 | -€5,418 | -12.4% |
| Operating profit (loss) | 9901 | €27,983 | €9,111 | -€18,871 | -67.4% |
| Financial income | 75/76B | €98 | €345 | +€247 | +252% |
| Recurring financial income | 75 | €98 | €345 | +€247 | +252% |
| Financial charges | 65/66B | €2,243 | €1,660 | -€583 | -26.0% |
| Recurring financial charges | 65 | €2,243 | €1,660 | -€583 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €25,838 | €7,796 | -€18,041 | -69.8% |
| Income taxes | 67/77 | €5,641 | €2,506 | -€3,135 | -55.6% |
| Profit (loss) for the period | 9904 | €20,197 | €5,290 | -€14,907 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,197 | €5,290 | -€14,907 | -73.8% |
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 30 October 2026 via checked.be.