Group D'Hooghe: 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.
Group D'Hooghe
Largest movements
- Receivables within one year +€90,568
new in 2025: €90,568
of which Trade receivables: +€50,328
- Cash +€73,514
up €73,514 (+358%), from €20,530 to €94,043
mainly Debts after one year (+€470,086) and Net result for the year (+€113,064)
- Tangible fixed assets +€47,110
up €47,110 (+4.1%), from €1.2m to €1.2m
of which Plant, machinery and equipment: +€26,569
- Receivables after one year -€19,061
no longer reported in 2025 (was €19,061)
of which Trade receivables: -€12,100
- Debts after one year +€470,086
up €470,086 (+13,398%), from €3,509 to €473,594
of which Financial debts: +€473,594
- Other debts -€384,289
down €384,289 (-100%), from €384,289 to €0
- Profit (loss) carried forward +€115,424
up €115,424 (+89.9%), from -€128,398 to -€12,974
- Tax, wage and social debts -€35,705
down €35,705 (-99.6%), from €35,836 to €130
- Current portion of long-term debt +€18,849
new in 2025: €18,849
- Gross operating margin +€143,796
up €143,796 (+1,044%), from €13,776 to €157,571
- Taxes -€19,871
down €19,871 (-99.6%), from €19,947 to €76
- Other operating charges -€16,300
down €16,300 (-77.9%), from €20,936 to €4,636
- Depreciation +€7,083
up €7,083 (+23.5%), from €30,116 to €37,198
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 | €1,238,166 | €1,432,219 | +€194,052 | +15.7% |
| Fixed assets | 21/28 | €1,198,576 | €1,246,086 | +€47,510 | +4.0% |
| Tangible fixed assets | 22/27 | €1,153,476 | €1,200,586 | +€47,110 | +4.1% |
| Land and buildings | 22 | €1,112,203 | €1,111,628 | -€576 | -0.1% |
| Plant, machinery and equipment | 23 | €6,204 | €32,773 | +€26,569 | +428% |
| Furniture and vehicles | 24 | €35,068 | €56,185 | +€21,117 | +60.2% |
| Financial fixed assets | 28 | €45,100 | €45,500 | +€400 | +0.9% |
| Current assets | 29/58 | €39,591 | €186,132 | +€146,542 | +370% |
| Amounts receivable after more than one year | 29 | €19,061 | - | -€19,061 | |
| Trade receivables | 290 | €12,100 | - | -€12,100 | |
| Other amounts receivable | 291 | €6,961 | - | -€6,961 | |
| Amounts receivable within one year | 40/41 | - | €90,568 | +€90,568 | |
| Trade receivables | 40 | - | €50,328 | +€50,328 | |
| Other amounts receivable | 41 | - | €40,241 | +€40,241 | |
| Cash at bank and in hand | 54/58 | €20,530 | €94,043 | +€73,514 | +358% |
| Deferred charges and accrued income | 490/1 | - | €1,521 | +€1,521 | |
| Total equity and liabilities | 10/49 | €1,238,166 | €1,432,219 | +€194,052 | +15.7% |
| Equity | 10/15 | €814,533 | €929,957 | +€115,424 | +14.2% |
| Contributions | 10/11 | €99,000 | €99,000 | = | 0.0% |
| Capital | 10 | €99,000 | €99,000 | = | 0.0% |
| Issued capital | 100 | €99,000 | €99,000 | = | 0.0% |
| Revaluation surpluses | 12 | €813,531 | €813,531 | = | 0.0% |
| Reserves | 13 | €30,400 | €30,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,900 | €9,900 | = | 0.0% |
| Legal reserve | 130 | €0 | €9,900 | +€9,900 | |
| Reserves not available under the articles | 1311 | €9,900 | - | -€9,900 | |
| Tax-exempt reserves | 132 | - | €20,500 | +€20,500 | |
| Distributable reserves | 133 | €20,500 | - | -€20,500 | |
| Profit (loss) carried forward | 14 | -€128,398 | -€12,974 | +€115,424 | +89.9% |
| Amounts payable | 17/49 | €423,634 | €502,262 | +€78,628 | +18.6% |
| Amounts payable after more than one year | 17 | €3,509 | €473,594 | +€470,086 | +13,398% |
| Financial debts | 170/4 | - | €473,594 | +€473,594 | |
| Trade debts | 175 | €3,509 | - | -€3,509 | |
| Amounts payable within one year | 42/48 | €420,125 | €28,668 | -€391,457 | -93.2% |
| Current portion of amounts payable after more than one year | 42 | - | €18,849 | +€18,849 | |
| Trade debts | 44 | - | €9,688 | +€9,688 | |
| Suppliers | 440/4 | - | €9,688 | +€9,688 | |
| Taxes, remuneration and social security | 45 | €35,836 | €130 | -€35,705 | -99.6% |
| Taxes | 450/3 | €35,836 | €130 | -€35,705 | -99.6% |
| Other amounts payable | 47/48 | €384,289 | €0 | -€384,289 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,116 | €37,198 | +€7,083 | +23.5% |
| Other operating charges | 640/8 | €20,936 | €4,636 | -€16,300 | -77.9% |
| Gross operating margin | 9900 | €13,776 | €157,571 | +€143,796 | +1,044% |
| Operating profit (loss) | 9901 | -€37,276 | €115,737 | +€153,013 | |
| Financial income | 75/76B | - | €928 | +€928 | |
| Recurring financial income | 75 | - | €928 | +€928 | |
| Financial charges | 65/66B | €2,113 | €3,525 | +€1,411 | +66.8% |
| Recurring financial charges | 65 | €2,113 | €3,525 | +€1,411 | +66.8% |
| Profit (loss) for the period before taxes | 9903 | -€39,389 | €113,140 | +€152,529 | |
| Income taxes | 67/77 | €19,947 | €76 | -€19,871 | -99.6% |
| Profit (loss) for the period | 9904 | -€59,336 | €113,064 | +€172,400 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,336 | €113,064 | +€172,400 |
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 23 October 2026 via checked.be.