Dhondt: 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.
Dhondt
Largest movements
- Receivables within one year -€65,205
down €65,205 (-98.9%), from €65,948 to €743
- Tangible fixed assets -€6,286
down €6,286 (-47.0%), from €13,363 to €7,077
of which Furniture and vehicles: -€4,684
- Cash +€4,207
up €4,207 (+2.6%), from €162,502 to €166,709
mainly Net result for the year (+€315,395) and Receivables within one year (+€65,205)
- Tax, wage and social debts -€49,009
down €49,009 (-68.6%), from €71,484 to €22,474
- Reserves -€34,605
down €34,605 (-22.1%), from €156,477 to €121,871
- Other debts +€17,165
up €17,165 (+95.8%), from €17,925 to €35,090
- Gross operating margin +€76,899
up €76,899 (+22.0%), from €348,876 to €425,775
- Taxes +€18,660
up €18,660 (+22.3%), from €83,864 to €102,524
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 | €247,940 | €181,084 | -€66,856 | -27.0% |
| Fixed assets | 21/28 | €18,000 | €11,715 | -€6,286 | -34.9% |
| Tangible fixed assets | 22/27 | €13,363 | €7,077 | -€6,286 | -47.0% |
| Plant, machinery and equipment | 23 | €2,668 | €1,066 | -€1,602 | -60.0% |
| Furniture and vehicles | 24 | €10,695 | €6,011 | -€4,684 | -43.8% |
| Financial fixed assets | 28 | €4,638 | €4,638 | = | 0.0% |
| Current assets | 29/58 | €229,940 | €169,370 | -€60,570 | -26.3% |
| Amounts receivable within one year | 40/41 | €65,948 | €743 | -€65,205 | -98.9% |
| Other amounts receivable | 41 | €65,948 | €743 | -€65,205 | -98.9% |
| Cash at bank and in hand | 54/58 | €162,502 | €166,709 | +€4,207 | +2.6% |
| Deferred charges and accrued income | 490/1 | €1,490 | €1,918 | +€428 | +28.7% |
| Total equity and liabilities | 10/49 | €247,940 | €181,084 | -€66,856 | -27.0% |
| Equity | 10/15 | €156,477 | €121,871 | -€34,605 | -22.1% |
| Reserves | 13 | €156,477 | €121,871 | -€34,605 | -22.1% |
| Distributable reserves | 133 | €156,477 | €121,871 | -€34,605 | -22.1% |
| Amounts payable | 17/49 | €91,464 | €59,213 | -€32,251 | -35.3% |
| Amounts payable within one year | 42/48 | €91,464 | €59,213 | -€32,251 | -35.3% |
| Trade debts | 44 | €2,055 | €1,649 | -€406 | -19.8% |
| Suppliers | 440/4 | €2,055 | €1,649 | -€406 | -19.8% |
| Taxes, remuneration and social security | 45 | €71,484 | €22,474 | -€49,009 | -68.6% |
| Taxes | 450/3 | €71,484 | €22,474 | -€49,009 | -68.6% |
| Other amounts payable | 47/48 | €17,925 | €35,090 | +€17,165 | +95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,430 | €6,286 | +€855 | +15.7% |
| Other operating charges | 640/8 | €1,120 | €1,336 | +€216 | +19.3% |
| Gross operating margin | 9900 | €348,876 | €425,775 | +€76,899 | +22.0% |
| Operating profit (loss) | 9901 | €342,326 | €418,154 | +€75,828 | +22.2% |
| Financial income | 75/76B | €632 | €165 | -€467 | -74.0% |
| Recurring financial income | 75 | €632 | €165 | -€467 | -74.0% |
| Financial charges | 65/66B | €822 | €400 | -€422 | -51.3% |
| Recurring financial charges | 65 | €822 | €400 | -€422 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €342,136 | €417,919 | +€75,782 | +22.1% |
| Income taxes | 67/77 | €83,864 | €102,524 | +€18,660 | +22.3% |
| Profit (loss) for the period | 9904 | €258,272 | €315,395 | +€57,122 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €258,272 | €315,395 | +€57,122 | +22.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.