DHZ Lubbeek: what changed
DHZ Lubbeek
Largest movements
- Receivables within one year -€319,646
down €319,646 (-88.0%), from €363,162 to €43,516
of which Trade receivables: -€341,557
- Cash -€163,054
down €163,054 (-92.8%), from €175,743 to €12,688
mainly Trade debts (-€340,823) and Net result for the year (-€248,021)
- Tangible fixed assets -€63,352
down €63,352 (-8.6%), from €740,493 to €677,141
- Formation expenses -€28,912
down €28,912 (-20.0%), from €144,482 to €115,570
- Stocks and contracts -€26,085
down €26,085 (-2.7%), from €964,491 to €938,406
- Trade debts -€340,823
down €340,823 (-69.9%), from €487,833 to €147,010
- Profit (loss) carried forward -€248,021
down €248,021 (-95.1%), from -€260,752 to -€508,773
- Debts after one year -€114,373
down €114,373 (-17.5%), from €653,161 to €538,789
- Other debts +€93,214
up €93,214 (+18.0%), from €517,967 to €611,181
- Short-term financial debts -€25,514
down €25,514 (-4.3%), from €600,000 to €574,486
- Staff costs -€81,988
down €81,988 (-18.9%), from €434,195 to €352,208
- Depreciation +€62,163
up €62,163 (+154%), from €40,292 to €102,455
- Gross operating margin -€11,125
down €11,125 (-3.8%), from €293,236 to €282,111
- Other operating charges -€10,716
down €10,716 (-40.3%), from €26,617 to €15,901
- Financial charges +€10,302
up €10,302 (+19.4%), from €53,119 to €63,421
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,388,371 | €1,788,495 | -€599,876 | -25.1% |
| Formation expenses | 20 | €144,482 | €115,570 | -€28,912 | -20.0% |
| Fixed assets | 21/28 | €740,493 | €677,141 | -€63,352 | -8.6% |
| Tangible fixed assets | 22/27 | €740,493 | €677,141 | -€63,352 | -8.6% |
| Land and buildings | 22 | €552,924 | €534,207 | -€18,717 | -3.4% |
| Plant, machinery and equipment | 23 | €117,250 | €89,279 | -€27,970 | -23.9% |
| Furniture and vehicles | 24 | €70,320 | €53,655 | -€16,665 | -23.7% |
| Current assets | 29/58 | €1,503,396 | €995,784 | -€507,611 | -33.8% |
| Stocks and contracts in progress | 3 | €964,491 | €938,406 | -€26,085 | -2.7% |
| Stocks | 30/36 | €964,491 | €938,406 | -€26,085 | -2.7% |
| Amounts receivable within one year | 40/41 | €363,162 | €43,516 | -€319,646 | -88.0% |
| Trade receivables | 40 | €352,739 | €11,182 | -€341,557 | -96.8% |
| Other amounts receivable | 41 | €10,424 | €32,334 | +€21,910 | +210% |
| Cash at bank and in hand | 54/58 | €175,743 | €12,688 | -€163,054 | -92.8% |
| Deferred charges and accrued income | 490/1 | - | €1,174 | +€1,174 | |
| Total equity and liabilities | 10/49 | €2,388,371 | €1,788,495 | -€599,876 | -25.1% |
| Equity | 10/15 | -€60,752 | -€308,773 | -€248,021 | -408% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€260,752 | -€508,773 | -€248,021 | -95.1% |
| Amounts payable | 17/49 | €2,449,123 | €2,097,268 | -€351,855 | -14.4% |
| Amounts payable after more than one year | 17 | €653,161 | €538,789 | -€114,373 | -17.5% |
| Financial debts | 170/4 | €653,161 | €538,789 | -€114,373 | -17.5% |
| Amounts payable within one year | 42/48 | €1,790,484 | €1,531,835 | -€258,649 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €109,140 | €114,373 | +€5,232 | +4.8% |
| Financial debts | 43 | €600,000 | €574,486 | -€25,514 | -4.3% |
| Credit institutions | 430/8 | €600,000 | €574,486 | -€25,514 | -4.3% |
| Trade debts | 44 | €487,833 | €147,010 | -€340,823 | -69.9% |
| Suppliers | 440/4 | €487,833 | €147,010 | -€340,823 | -69.9% |
| Advances received on contracts in progress | 46 | €7,556 | €5,165 | -€2,391 | -31.6% |
| Taxes, remuneration and social security | 45 | €67,989 | €79,620 | +€11,632 | +17.1% |
| Taxes | 450/3 | €11,754 | €19,784 | +€8,030 | +68.3% |
| Remuneration and social security | 454/9 | €56,234 | €59,836 | +€3,601 | +6.4% |
| Other amounts payable | 47/48 | €517,967 | €611,181 | +€93,214 | +18.0% |
| Accrued charges and deferred income | 492/3 | €5,477 | €26,644 | +€21,167 | +386% |
| Non-recurring operating income | 76A | €12,485 | - | -€12,485 | |
| Remuneration, social security and pensions | 62 | €434,195 | €352,208 | -€81,988 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,292 | €102,455 | +€62,163 | +154% |
| Other operating charges | 640/8 | €26,617 | €15,901 | -€10,716 | -40.3% |
| Gross operating margin | 9900 | €293,236 | €282,111 | -€11,125 | -3.8% |
| Operating profit (loss) | 9901 | -€207,868 | -€188,453 | +€19,415 | +9.3% |
| Financial income | 75/76B | €234 | €3,853 | +€3,619 | +1,545% |
| Recurring financial income | 75 | €234 | €3,853 | +€3,619 | +1,545% |
| Financial charges | 65/66B | €53,119 | €63,421 | +€10,302 | +19.4% |
| Recurring financial charges | 65 | €53,119 | €63,421 | +€10,302 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | -€260,752 | -€248,021 | +€12,731 | +4.9% |
| Profit (loss) for the period | 9904 | -€260,752 | -€248,021 | +€12,731 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€260,752 | -€248,021 | +€12,731 | +4.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.