DHERTOGE PROJECTS: what changed
Two fiscal 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.
DHERTOGE PROJECTS
Largest movements
- Tangible fixed assets +€19,587
up €19,587 (+122.1%), from €16,047 to €35,635
of which Land and buildings: +€17,797
- Cash -€13,518
down €13,518 (-24.8%), from €54,528 to €41,010
mainly Investment in fixed assets (net) (-€24,567) and Tax, wage and social debts (-€15,363)
- Receivables within one year -€1,785
down €1,785 (-17.4%), from €10,285 to €8,500
- Reserves +€16,231
up €16,231 (+26.6%), from €61,097 to €77,328
- Tax, wage and social debts -€15,363
down €15,363 (-56.8%), from €27,061 to €11,699
- Other debts +€2,267
up €2,267 (+10.1%), from €22,360 to €24,627
- Gross operating margin -€38,068
down €38,068 (-57.8%), from €65,813 to €27,744
- Financial income -€20,000
no longer reported in 2025 (was €20,000)
- Taxes -€11,854
down €11,854 (-65.5%), from €18,084 to €6,231
- Financial charges -€2,265
down €2,265 (-94.1%), from €2,408 to €143
- Depreciation +€1,754
up €1,754 (+54.4%), from €3,226 to €4,980
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 | €114,260 | €118,544 | +€4,284 | +3.7% |
| Fixed assets | 21/28 | €49,447 | €69,035 | +€19,587 | +39.6% |
| Tangible fixed assets | 22/27 | €16,047 | €35,635 | +€19,587 | +122.1% |
| Land and buildings | 22 | - | €17,797 | +€17,797 | |
| Plant, machinery and equipment | 23 | €499 | €5,042 | +€4,544 | +910.9% |
| Furniture and vehicles | 24 | €15,549 | €12,795 | -€2,753 | -17.7% |
| Financial fixed assets | 28 | €33,400 | €33,400 | = | 0.0% |
| Current assets | 29/58 | €64,813 | €49,510 | -€15,303 | -23.6% |
| Amounts receivable within one year | 40/41 | €10,285 | €8,500 | -€1,785 | -17.4% |
| Trade receivables | 40 | €10,285 | €8,500 | -€1,785 | -17.4% |
| Cash at bank and in hand | 54/58 | €54,528 | €41,010 | -€13,518 | -24.8% |
| Total equity and liabilities | 10/49 | €114,260 | €118,544 | +€4,284 | +3.7% |
| Equity | 10/15 | €64,097 | €80,328 | +€16,231 | +25.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €61,097 | €77,328 | +€16,231 | +26.6% |
| Distributable reserves | 133 | €61,097 | €77,328 | +€16,231 | +26.6% |
| Amounts payable | 17/49 | €50,163 | €38,216 | -€11,947 | -23.8% |
| Amounts payable within one year | 42/48 | €50,163 | €38,216 | -€11,947 | -23.8% |
| Trade debts | 44 | €742 | €1,890 | +€1,148 | +154.7% |
| Suppliers | 440/4 | €742 | €1,890 | +€1,148 | +154.7% |
| Taxes, remuneration and social security | 45 | €27,061 | €11,699 | -€15,363 | -56.8% |
| Remuneration and social security | 454/9 | €27,061 | €11,699 | -€15,363 | -56.8% |
| Other amounts payable | 47/48 | €22,360 | €24,627 | +€2,267 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,226 | €4,980 | +€1,754 | +54.4% |
| Other operating charges | 640/8 | €997 | €159 | -€838 | -84.0% |
| Gross operating margin | 9900 | €65,813 | €27,744 | -€38,068 | -57.8% |
| Operating profit (loss) | 9901 | €61,589 | €22,605 | -€38,984 | -63.3% |
| Financial income | 75/76B | €20,000 | - | -€20,000 | |
| Recurring financial income | 75 | €20,000 | - | -€20,000 | |
| Financial charges | 65/66B | €2,408 | €143 | -€2,265 | -94.1% |
| Recurring financial charges | 65 | €2,408 | €143 | -€2,265 | -94.1% |
| Profit (loss) for the period before taxes | 9903 | €79,181 | €22,462 | -€56,719 | -71.6% |
| Income taxes | 67/77 | €18,084 | €6,231 | -€11,854 | -65.5% |
| Profit (loss) for the period | 9904 | €61,097 | €16,231 | -€44,866 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,097 | €16,231 | -€44,866 | -73.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.