Ets Jules DHENIN BE: 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.
Ets Jules DHENIN BE
Largest movements
- Receivables within one year +€313,717
up €313,717 (+59.0%), from €532,120 to €845,837
of which Trade receivables: +€317,685
- Tangible fixed assets +€53,980
up €53,980 (+26.6%), from €202,774 to €256,754
of which Leasing and similar rights: +€66,133
- Stocks and contracts +€30,240
up €30,240 (+20.6%), from €146,488 to €176,728
- Cash +€27,437
up €27,437 (+50.6%), from €54,203 to €81,640
mainly Trade debts (+€227,442) and Depreciation (+€85,355)
- Intangible fixed assets -€25,360
down €25,360 (-12.8%), from €198,203 to €172,843
- Trade debts +€227,442
up €227,442 (+39.6%), from €574,781 to €802,222
- Reserves +€60,000
new in 2025: €60,000
- Tax, wage and social debts +€59,932
up €59,932 (+47.2%), from €126,925 to €186,858
of which Taxes: +€44,292
- Current portion of long-term debt +€27,145
up €27,145 (+52.4%), from €51,831 to €78,976
- Debts after one year +€17,800
up €17,800 (+8.6%), from €207,714 to €225,513
- Gross operating margin +€243,388
up €243,388 (+50.4%), from €483,075 to €726,462
- Staff costs +€137,529
up €137,529 (+36.6%), from €376,000 to €513,528
- Taxes +€27,131
up €27,131 (+342%), from €7,922 to €35,053
- Depreciation +€24,231
up €24,231 (+39.6%), from €61,124 to €85,355
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 | €1,150,531 | €1,538,372 | +€387,841 | +33.7% |
| Fixed assets | 21/28 | €401,640 | €430,260 | +€28,620 | +7.1% |
| Intangible fixed assets | 21 | €198,203 | €172,843 | -€25,360 | -12.8% |
| Tangible fixed assets | 22/27 | €202,774 | €256,754 | +€53,980 | +26.6% |
| Plant, machinery and equipment | 23 | €9,139 | €8,539 | -€600 | -6.6% |
| Furniture and vehicles | 24 | €111,386 | €109,285 | -€2,101 | -1.9% |
| Leasing and similar rights | 25 | - | €66,133 | +€66,133 | |
| Other tangible fixed assets | 26 | €82,249 | €72,797 | -€9,451 | -11.5% |
| Financial fixed assets | 28 | €663 | €663 | = | 0.0% |
| Current assets | 29/58 | €748,891 | €1,108,112 | +€359,221 | +48.0% |
| Amounts receivable after more than one year | 29 | €14,032 | €0 | -€14,032 | -100% |
| Trade receivables | 290 | €14,032 | €0 | -€14,032 | -100% |
| Stocks and contracts in progress | 3 | €146,488 | €176,728 | +€30,240 | +20.6% |
| Stocks | 30/36 | €146,488 | €176,728 | +€30,240 | +20.6% |
| Amounts receivable within one year | 40/41 | €532,120 | €845,837 | +€313,717 | +59.0% |
| Trade receivables | 40 | €524,921 | €842,606 | +€317,685 | +60.5% |
| Other amounts receivable | 41 | €7,199 | €3,231 | -€3,968 | -55.1% |
| Cash at bank and in hand | 54/58 | €54,203 | €81,640 | +€27,437 | +50.6% |
| Deferred charges and accrued income | 490/1 | €2,048 | €3,907 | +€1,858 | +90.7% |
| Total equity and liabilities | 10/49 | €1,150,531 | €1,538,372 | +€387,841 | +33.7% |
| Equity | 10/15 | €21,590 | €91,215 | +€69,625 | +322% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €60,000 | +€60,000 | |
| Distributable reserves | 133 | - | €60,000 | +€60,000 | |
| Profit (loss) carried forward | 14 | -€8,410 | €1,215 | +€9,625 | |
| Amounts payable | 17/49 | €1,128,941 | €1,447,157 | +€318,216 | +28.2% |
| Amounts payable after more than one year | 17 | €207,714 | €225,513 | +€17,800 | +8.6% |
| Financial debts | 170/4 | €207,714 | €225,513 | +€17,800 | +8.6% |
| Amounts payable within one year | 42/48 | €904,608 | €1,220,329 | +€315,722 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €51,831 | €78,976 | +€27,145 | +52.4% |
| Financial debts | 43 | €317 | €381 | +€64 | +20.2% |
| Credit institutions | 430/8 | €317 | €381 | +€64 | +20.2% |
| Trade debts | 44 | €574,781 | €802,222 | +€227,442 | +39.6% |
| Suppliers | 440/4 | €574,781 | €802,222 | +€227,442 | +39.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €126,925 | €186,858 | +€59,932 | +47.2% |
| Taxes | 450/3 | €33,234 | €77,526 | +€44,292 | +133% |
| Remuneration and social security | 454/9 | €93,692 | €109,332 | +€15,640 | +16.7% |
| Other amounts payable | 47/48 | €150,754 | €151,893 | +€1,139 | +0.8% |
| Accrued charges and deferred income | 492/3 | €16,620 | €1,314 | -€15,305 | -92.1% |
| Remuneration, social security and pensions | 62 | €376,000 | €513,528 | +€137,529 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,124 | €85,355 | +€24,231 | +39.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,926 | €7,552 | +€4,626 | +158% |
| Other operating charges | 640/8 | €3,846 | €3,377 | -€469 | -12.2% |
| Gross operating margin | 9900 | €483,075 | €726,462 | +€243,388 | +50.4% |
| Operating profit (loss) | 9901 | €39,179 | €116,650 | +€77,471 | +198% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €10,397 | €11,972 | +€1,575 | +15.1% |
| Recurring financial charges | 65 | €10,397 | €11,972 | +€1,575 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €28,782 | €104,678 | +€75,896 | +264% |
| Income taxes | 67/77 | €7,922 | €35,053 | +€27,131 | +342% |
| Profit (loss) for the period | 9904 | €20,860 | €69,625 | +€48,765 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €20,860 | €69,625 | +€48,765 | +234% |
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 30 October 2026 via checked.be.