DHENIN MANAGEMENT: 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.
DHENIN MANAGEMENT
Largest movements
- Receivables within one year +€12,210
up €12,210 (+29.6%), from €41,208 to €53,418
of which Trade receivables: +€20,468
- Cash -€10,487
down €10,487 (-6.3%), from €165,567 to €155,080
mainly Contributions, distributions and other (-€58,422) and Tax, wage and social debts (-€14,719)
- Deferred charges and accrued income +€2,456
up €2,456 (+2,925%), from €84 to €2,540
- Tax, wage and social debts -€14,719
down €14,719 (-33.4%), from €44,017 to €29,298
- Trade debts +€14,685
up €14,685 (+59.1%), from €24,829 to €39,514
- Other debts +€12,130
up €12,130 (+14.7%), from €82,454 to €94,584
- Profit (loss) carried forward -€7,918
down €7,918 (-100.0%), from €7,919 to €1
- Gross operating margin -€27,455
down €27,455 (-30.1%), from €91,178 to €63,723
- Taxes -€6,478
down €6,478 (-30.8%), from €21,018 to €14,541
- Financial income -€2,043
down €2,043 (-51.4%), from €3,973 to €1,930
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 | €207,370 | €211,548 | +€4,178 | +2.0% |
| Fixed assets | 21/28 | €511 | €511 | = | 0.0% |
| Financial fixed assets | 28 | €511 | €511 | = | 0.0% |
| Current assets | 29/58 | €206,859 | €211,037 | +€4,178 | +2.0% |
| Amounts receivable within one year | 40/41 | €41,208 | €53,418 | +€12,210 | +29.6% |
| Trade receivables | 40 | €29,247 | €49,715 | +€20,468 | +70.0% |
| Other amounts receivable | 41 | €11,961 | €3,703 | -€8,257 | -69.0% |
| Cash at bank and in hand | 54/58 | €165,567 | €155,080 | -€10,487 | -6.3% |
| Deferred charges and accrued income | 490/1 | €84 | €2,540 | +€2,456 | +2,925% |
| Total equity and liabilities | 10/49 | €207,370 | €211,548 | +€4,178 | +2.0% |
| Equity | 10/15 | €56,070 | €48,153 | -€7,918 | -14.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €45,152 | €45,152 | = | 0.0% |
| Distributable reserves | 133 | €45,152 | €45,152 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,919 | €1 | -€7,918 | -100.0% |
| Amounts payable | 17/49 | €151,299 | €163,396 | +€12,096 | +8.0% |
| Amounts payable within one year | 42/48 | €151,299 | €163,396 | +€12,096 | +8.0% |
| Trade debts | 44 | €24,829 | €39,514 | +€14,685 | +59.1% |
| Suppliers | 440/4 | €24,829 | €39,514 | +€14,685 | +59.1% |
| Taxes, remuneration and social security | 45 | €44,017 | €29,298 | -€14,719 | -33.4% |
| Taxes | 450/3 | €44,017 | €29,298 | -€14,719 | -33.4% |
| Other amounts payable | 47/48 | €82,454 | €94,584 | +€12,130 | +14.7% |
| Other operating charges | 640/8 | €711 | €186 | -€525 | -73.8% |
| Gross operating margin | 9900 | €91,178 | €63,723 | -€27,455 | -30.1% |
| Operating profit (loss) | 9901 | €90,467 | €63,537 | -€26,930 | -29.8% |
| Financial income | 75/76B | €3,973 | €1,930 | -€2,043 | -51.4% |
| Recurring financial income | 75 | €3,973 | €1,930 | -€2,043 | -51.4% |
| Financial charges | 65/66B | €443 | €422 | -€21 | -4.7% |
| Recurring financial charges | 65 | €443 | €422 | -€21 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €93,998 | €65,045 | -€28,953 | -30.8% |
| Income taxes | 67/77 | €21,018 | €14,541 | -€6,478 | -30.8% |
| Profit (loss) for the period | 9904 | €72,979 | €50,504 | -€22,475 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,979 | €50,504 | -€22,475 | -30.8% |
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 23 October 2026 via checked.be.