Dhaene Patrick: 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.
Dhaene Patrick
Largest movements
- Receivables within one year +€34,342
up €34,342 (+219.5%), from €15,645 to €49,987
of which Trade receivables: +€34,564
- Cash +€29,848
up €29,848 (+45.2%), from €65,964 to €95,811
mainly Net result for the year (+€52,302) and Tax, wage and social debts (+€9,166)
- Tangible fixed assets -€9,498
down €9,498 (-63.8%), from €14,894 to €5,396
of which Furniture and vehicles: -€10,205
- Reserves +€47,738
up €47,738 (+64.6%), from €73,855 to €121,594
of which Distributable reserves: +€47,738
- Tax, wage and social debts +€9,166
up €9,166 (+105.6%), from €8,677 to €17,843
- Trade debts +€8,223
up €8,223 (+864.8%), from €951 to €9,174
- Other debts -€7,000
no longer reported in 2025 (was €7,000)
- Short-term financial debts -€3,411
no longer reported in 2025 (was €3,411)
- Gross operating margin +€26,131
up €26,131 (+45.3%), from €57,717 to €83,848
- Taxes +€9,201
up €9,201 (+57.7%), from €15,945 to €25,147
- Depreciation -€3,923
down €3,923 (-72.8%), from €5,386 to €1,463
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 | €100,094 | €154,810 | +€54,717 | +54.7% |
| Fixed assets | 21/28 | €17,949 | €8,451 | -€9,498 | -52.9% |
| Tangible fixed assets | 22/27 | €14,894 | €5,396 | -€9,498 | -63.8% |
| Plant, machinery and equipment | 23 | €758 | €1,465 | +€707 | +93.3% |
| Furniture and vehicles | 24 | €14,136 | €3,931 | -€10,205 | -72.2% |
| Financial fixed assets | 28 | €3,055 | €3,055 | = | 0.0% |
| Current assets | 29/58 | €82,144 | €146,359 | +€64,215 | +78.2% |
| Amounts receivable within one year | 40/41 | €15,645 | €49,987 | +€34,342 | +219.5% |
| Trade receivables | 40 | €10,951 | €45,515 | +€34,564 | +315.6% |
| Other amounts receivable | 41 | €4,694 | €4,472 | -€222 | -4.7% |
| Cash at bank and in hand | 54/58 | €65,964 | €95,811 | +€29,848 | +45.2% |
| Deferred charges and accrued income | 490/1 | €535 | €560 | +€25 | +4.6% |
| Total equity and liabilities | 10/49 | €100,094 | €154,810 | +€54,717 | +54.7% |
| Equity | 10/15 | €80,055 | €127,794 | +€47,738 | +59.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,855 | €121,594 | +€47,738 | +64.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €71,995 | €119,734 | +€47,738 | +66.3% |
| Amounts payable | 17/49 | €20,038 | €27,017 | +€6,978 | +34.8% |
| Amounts payable within one year | 42/48 | €20,038 | €27,017 | +€6,978 | +34.8% |
| Financial debts | 43 | €3,411 | - | -€3,411 | |
| Credit institutions | 430/8 | €3,411 | - | -€3,411 | |
| Trade debts | 44 | €951 | €9,174 | +€8,223 | +864.8% |
| Suppliers | 440/4 | €951 | €9,174 | +€8,223 | +864.8% |
| Taxes, remuneration and social security | 45 | €8,677 | €17,843 | +€9,166 | +105.6% |
| Taxes | 450/3 | €8,677 | €17,843 | +€9,166 | +105.6% |
| Other amounts payable | 47/48 | €7,000 | - | -€7,000 | |
| Non-recurring operating income | 76A | - | €20,245 | +€20,245 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,386 | €1,463 | -€3,923 | -72.8% |
| Other operating charges | 640/8 | €1,052 | €1,088 | +€36 | +3.4% |
| Non-recurring operating charges | 66A | - | €3,753 | +€3,753 | |
| Gross operating margin | 9900 | €57,717 | €83,848 | +€26,131 | +45.3% |
| Operating profit (loss) | 9901 | €51,279 | €77,543 | +€26,265 | +51.2% |
| Financial income | 75/76B | - | €126 | +€126 | |
| Recurring financial income | 75 | - | €126 | +€126 | |
| Financial charges | 65/66B | €295 | €221 | -€74 | -25.0% |
| Recurring financial charges | 65 | €295 | €221 | -€74 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €50,984 | €77,448 | +€26,464 | +51.9% |
| Income taxes | 67/77 | €15,945 | €25,147 | +€9,201 | +57.7% |
| Profit (loss) for the period | 9904 | €35,038 | €52,302 | +€17,263 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,038 | €52,302 | +€17,263 | +49.3% |
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.