DHONDT: 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.
What changed
DHONDT
NACE 01.500, Mixed farming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,775
2024 · -€6,331+€20,106
Equity
€100,738
2024 · €86,964+€13,775
Cash
€5,055
2024 · €6,837-€1,782
Balance sheet total
€598,405
2024 · €579,248+€19,157
Largest movements
Assets
- Receivables within one year +€15,732
up €15,732 (+225%), from €6,979 to €22,711
of which Trade receivables: +€12,588
Equity and liabilities
- Other debts +€35,538
up €35,538 (+31.3%), from €113,675 to €149,213
- Debts after one year -€29,980
down €29,980 (-15.2%), from €196,871 to €166,891
- Profit (loss) carried forward +€13,775
up €13,775, from -€6,331 to €7,444
Income statement
- Gross operating margin +€20,347
up €20,347 (+37.6%), from €54,147 to €74,494
- Depreciation +€5,819
up €5,819 (+14.0%), from €41,559 to €47,378
- Other operating charges -€2,860
down €2,860 (-47.5%), from €6,016 to €3,156
- Financial charges -€2,343
down €2,343 (-18.1%), from €12,924 to €10,581
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.
Result 2024
-€6,331
Gross operating margin
+€20,347
Depreciation
-€5,819
Other operating charges
+€2,860
Financial income
+€376
Financial charges
+€2,343
Result 2025
€13,775
raises the resultlowers the result
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.
From operations
+€78,889
Investment
-€49,992
Financing
-€30,679
Cash 2024
€6,837
From operations (derived)
+€78,889
Net result for the year
+€13,775
Depreciation
+€47,378
Stocks and contracts
-€3,240
Receivables within one year
-€15,732
Deferred charges and accrued income
+€648
Trade debts
+€744
Tax, wage and social debts
-€221
Other debts
+€35,538
Investment (derived)
-€49,992
Investment in fixed assets (net)
-€49,992
Financing
-€30,679
Debts after one year
-€29,980
Current portion of long-term debt
-€699
Cash 2025
€5,055
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €579,248 | €598,405 | +€19,157 | +3.3% |
| Fixed assets | 21/28 | €283,700 | €286,315 | +€2,615 | +0.9% |
| Tangible fixed assets | 22/27 | €283,700 | €286,315 | +€2,615 | +0.9% |
| Land and buildings | 22 | €180,539 | €163,188 | -€17,351 | -9.6% |
| Plant, machinery and equipment | 23 | €94,432 | €72,054 | -€22,379 | -23.7% |
| Furniture and vehicles | 24 | €8,728 | €51,073 | +€42,344 | +485% |
| Current assets | 29/58 | €295,549 | €312,091 | +€16,542 | +5.6% |
| Stocks and contracts in progress | 3 | €279,955 | €283,195 | +€3,240 | +1.2% |
| Stocks | 30/36 | €279,955 | €283,195 | +€3,240 | +1.2% |
| Amounts receivable within one year | 40/41 | €6,979 | €22,711 | +€15,732 | +225% |
| Trade receivables | 40 | €5,598 | €18,186 | +€12,588 | +225% |
| Other amounts receivable | 41 | €1,381 | €4,525 | +€3,144 | +228% |
| Cash at bank and in hand | 54/58 | €6,837 | €5,055 | -€1,782 | -26.1% |
| Deferred charges and accrued income | 490/1 | €1,778 | €1,129 | -€648 | -36.5% |
| Total equity and liabilities | 10/49 | €579,248 | €598,405 | +€19,157 | +3.3% |
| Equity | 10/15 | €86,964 | €100,738 | +€13,775 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,695 | €74,695 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €54,835 | €54,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,331 | €7,444 | +€13,775 | |
| Amounts payable | 17/49 | €492,285 | €497,667 | +€5,382 | +1.1% |
| Amounts payable after more than one year | 17 | €196,871 | €166,891 | -€29,980 | -15.2% |
| Financial debts | 170/4 | €196,871 | €166,891 | -€29,980 | -15.2% |
| Amounts payable within one year | 42/48 | €295,414 | €330,776 | +€35,362 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €62,612 | €61,913 | -€699 | -1.1% |
| Financial debts | 43 | €6,000 | €6,000 | = | 0.0% |
| Credit institutions | 430/8 | €6,000 | €6,000 | = | 0.0% |
| Trade debts | 44 | €112,906 | €113,650 | +€744 | +0.7% |
| Suppliers | 440/4 | €112,906 | €113,650 | +€744 | +0.7% |
| Taxes, remuneration and social security | 45 | €221 | - | -€221 | |
| Taxes | 450/3 | €221 | - | -€221 | |
| Other amounts payable | 47/48 | €113,675 | €149,213 | +€35,538 | +31.3% |
| Non-recurring operating income | 76A | - | €2,302 | +€2,302 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,559 | €47,378 | +€5,819 | +14.0% |
| Other operating charges | 640/8 | €6,016 | €3,156 | -€2,860 | -47.5% |
| Gross operating margin | 9900 | €54,147 | €74,494 | +€20,347 | +37.6% |
| Operating profit (loss) | 9901 | €6,573 | €23,961 | +€17,388 | +265% |
| Financial income | 75/76B | €20 | €395 | +€376 | +1,899% |
| Recurring financial income | 75 | €20 | €395 | +€376 | +1,899% |
| Financial charges | 65/66B | €12,924 | €10,581 | -€2,343 | -18.1% |
| Recurring financial charges | 65 | €12,924 | €10,581 | -€2,343 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,331 | €13,775 | +€20,106 | |
| Profit (loss) for the period | 9904 | -€6,331 | €13,775 | +€20,106 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,331 | €13,775 | +€20,106 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.