DIMITRI OLDENHOVE: 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.
DIMITRI OLDENHOVE
Largest movements
- Intangible fixed assets -€30,000
down €30,000 (-30.8%), from €97,500 to €67,500
- Cash -€14,779
down €14,779 (-18.9%), from €78,007 to €63,228
mainly Other debts (-€33,144) and Contributions, distributions and other (-€27,553)
- Receivables within one year +€4,257
up €4,257 (+51.9%), from €8,199 to €12,456
of which Other amounts receivable: +€2,823
- Other debts -€33,144
down €33,144 (-23.2%), from €142,994 to €109,849
- Tax, wage and social debts -€7,116
down €7,116 (-37.5%), from €18,977 to €11,861
of which Taxes: -€4,194
- Gross operating margin -€23,834
down €23,834 (-25.9%), from €91,977 to €68,143
- Taxes -€4,580
down €4,580 (-33.9%), from €13,508 to €8,927
- Depreciation -€2,135
down €2,135 (-6.5%), from €32,635 to €30,500
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,899 | €163,396 | -€40,503 | -19.9% |
| Fixed assets | 21/28 | €114,765 | €86,540 | -€28,224 | -24.6% |
| Intangible fixed assets | 21 | €97,500 | €67,500 | -€30,000 | -30.8% |
| Tangible fixed assets | 22/27 | €2,591 | €4,366 | +€1,776 | +68.5% |
| Furniture and vehicles | 24 | €491 | €0 | -€491 | -100% |
| Other tangible fixed assets | 26 | €2,100 | €4,366 | +€2,266 | +108% |
| Financial fixed assets | 28 | €14,674 | €14,674 | = | 0.0% |
| Current assets | 29/58 | €89,134 | €76,856 | -€12,279 | -13.8% |
| Amounts receivable within one year | 40/41 | €8,199 | €12,456 | +€4,257 | +51.9% |
| Trade receivables | 40 | €8,199 | €9,634 | +€1,435 | +17.5% |
| Other amounts receivable | 41 | - | €2,823 | +€2,823 | |
| Cash at bank and in hand | 54/58 | €78,007 | €63,228 | -€14,779 | -18.9% |
| Deferred charges and accrued income | 490/1 | €2,929 | €1,171 | -€1,758 | -60.0% |
| Total equity and liabilities | 10/49 | €203,899 | €163,396 | -€40,503 | -19.9% |
| Equity | 10/15 | €33,152 | €33,152 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,552 | €14,552 | = | 0.0% |
| Distributable reserves | 133 | €14,552 | €14,552 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €170,747 | €130,244 | -€40,503 | -23.7% |
| Amounts payable within one year | 42/48 | €170,724 | €130,244 | -€40,480 | -23.7% |
| Financial debts | 43 | €22 | €0 | -€22 | -100% |
| Other loans | 439 | €22 | €0 | -€22 | -100% |
| Trade debts | 44 | €8,732 | €8,534 | -€199 | -2.3% |
| Suppliers | 440/4 | €8,732 | €8,534 | -€199 | -2.3% |
| Taxes, remuneration and social security | 45 | €18,977 | €11,861 | -€7,116 | -37.5% |
| Taxes | 450/3 | €16,055 | €11,861 | -€4,194 | -26.1% |
| Remuneration and social security | 454/9 | €2,921 | €0 | -€2,921 | -100% |
| Other amounts payable | 47/48 | €142,994 | €109,849 | -€33,144 | -23.2% |
| Accrued charges and deferred income | 492/3 | €23 | €0 | -€23 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,635 | €30,500 | -€2,135 | -6.5% |
| Other operating charges | 640/8 | €284 | €1,086 | +€802 | +282% |
| Gross operating margin | 9900 | €91,977 | €68,143 | -€23,834 | -25.9% |
| Operating profit (loss) | 9901 | €59,058 | €36,557 | -€22,502 | -38.1% |
| Financial income | 75/76B | €0 | €316 | +€316 | |
| Recurring financial income | 75 | €0 | €316 | +€316 | |
| Financial charges | 65/66B | €306 | €392 | +€86 | +28.2% |
| Recurring financial charges | 65 | €306 | €392 | +€86 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €58,752 | €36,480 | -€22,272 | -37.9% |
| Income taxes | 67/77 | €13,508 | €8,927 | -€4,580 | -33.9% |
| Profit (loss) for the period | 9904 | €45,244 | €27,553 | -€17,692 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,244 | €27,553 | -€17,692 | -39.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.