Dhoye: 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.
Dhoye
Largest movements
- Cash +€103,871
up €103,871 (+704%), from €14,745 to €118,616
mainly Other debts (+€211,129) and Net result for the year (+€129,535)
- Other debts +€211,129
up €211,129 (+188%), from €112,507 to €323,636
- Reserves -€95,000
down €95,000 (-48.7%), from €195,000 to €100,000
- Debts after one year -€10,528
down €10,528 (-17.4%), from €60,528 to €50,000
- Gross operating margin +€9,585
up €9,585 (+25.4%), from €37,760 to €47,345
- Financial income +€3,526
up €3,526 (+3.5%), from €100,525 to €104,051
- Taxes +€2,852
up €2,852 (+38.0%), from €7,512 to €10,363
- Financial charges +€1,269
up €1,269 (+16.7%), from €7,582 to €8,852
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €400,103 | €502,560 | +€102,457 | +25.6% |
| Fixed assets | 21/28 | €182,185 | €180,100 | -€2,085 | -1.1% |
| Tangible fixed assets | 22/27 | €2,085 | €0 | -€2,085 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,085 | €0 | -€2,085 | -100% |
| Financial fixed assets | 28 | €180,100 | €180,100 | = | 0.0% |
| Current assets | 29/58 | €217,918 | €322,460 | +€104,541 | +48.0% |
| Amounts receivable within one year | 40/41 | €200,992 | €198,878 | -€2,115 | -1.1% |
| Trade receivables | 40 | €22,983 | €17,241 | -€5,742 | -25.0% |
| Other amounts receivable | 41 | €178,009 | €181,637 | +€3,627 | +2.0% |
| Cash at bank and in hand | 54/58 | €14,745 | €118,616 | +€103,871 | +704% |
| Deferred charges and accrued income | 490/1 | €2,181 | €4,966 | +€2,785 | +128% |
| Total equity and liabilities | 10/49 | €400,103 | €502,560 | +€102,457 | +25.6% |
| Equity | 10/15 | €200,326 | €105,862 | -€94,465 | -47.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €195,000 | €100,000 | -€95,000 | -48.7% |
| Distributable reserves | 133 | €195,000 | €100,000 | -€95,000 | -48.7% |
| Profit (loss) carried forward | 14 | €326 | €862 | +€535 | +164% |
| Amounts payable | 17/49 | €199,777 | €396,698 | +€196,921 | +98.6% |
| Amounts payable after more than one year | 17 | €60,528 | €50,000 | -€10,528 | -17.4% |
| Financial debts | 170/4 | €60,528 | €50,000 | -€10,528 | -17.4% |
| Amounts payable within one year | 42/48 | €138,674 | €346,123 | +€207,449 | +150% |
| Current portion of amounts payable after more than one year | 42 | €12,485 | €10,528 | -€1,956 | -15.7% |
| Trade debts | 44 | €1,631 | €1,519 | -€112 | -6.9% |
| Suppliers | 440/4 | €1,631 | €1,519 | -€112 | -6.9% |
| Taxes, remuneration and social security | 45 | €12,051 | €10,440 | -€1,611 | -13.4% |
| Taxes | 450/3 | €9,399 | €10,440 | +€1,042 | +11.1% |
| Remuneration and social security | 454/9 | €2,653 | €0 | -€2,653 | -100% |
| Other amounts payable | 47/48 | €112,507 | €323,636 | +€211,129 | +188% |
| Accrued charges and deferred income | 492/3 | €575 | €575 | = | 0.0% |
| Non-recurring operating income | 76A | €8,898 | €0 | -€8,898 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,169 | €2,085 | -€84 | -3.9% |
| Other operating charges | 640/8 | €619 | €561 | -€58 | -9.3% |
| Gross operating margin | 9900 | €37,760 | €47,345 | +€9,585 | +25.4% |
| Operating profit (loss) | 9901 | €34,972 | €44,699 | +€9,727 | +27.8% |
| Financial income | 75/76B | €100,525 | €104,051 | +€3,526 | +3.5% |
| Recurring financial income | 75 | €100,525 | €104,051 | +€3,526 | +3.5% |
| Financial charges | 65/66B | €7,582 | €8,852 | +€1,269 | +16.7% |
| Recurring financial charges | 65 | €7,582 | €8,852 | +€1,269 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €127,915 | €139,899 | +€11,984 | +9.4% |
| Income taxes | 67/77 | €7,512 | €10,363 | +€2,852 | +38.0% |
| Profit (loss) for the period | 9904 | €120,403 | €129,535 | +€9,132 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €120,403 | €129,535 | +€9,132 | +7.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.