H.J. DIFFERENT ANT: 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.
H.J. DIFFERENT ANT
Largest movements
- Stocks and contracts -€59,585
down €59,585 (-35.7%), from €167,030 to €107,445
- Receivables within one year +€26,686
up €26,686 (+64.4%), from €41,411 to €68,097
of which Trade receivables: +€14,395
- Cash +€14,259
up €14,259 (+38.6%), from €36,975 to €51,233
mainly Stocks and contracts (+€59,585) and Depreciation (+€46,527)
- Debts after one year -€43,326
down €43,326 (-6.9%), from €631,232 to €587,907
of which Financial debts: -€43,326
- Other debts -€24,630
down €24,630 (-31.1%), from €79,179 to €54,548
- Trade debts +€22,171
up €22,171 (+45.4%), from €48,819 to €70,991
- Tax, wage and social debts +€14,308
up €14,308 (+1,108%), from €1,292 to €15,600
of which Remuneration and social security: +€15,600
- Reserves +€12,301
up €12,301 (+4.4%), from €281,005 to €293,307
- Financial income -€169,991
down €169,991 (-99.8%), from €170,385 to €394
of which Non-recurring financial income: -€169,927
- Taxes -€44,746
down €44,746 (-83.3%), from €53,727 to €8,981
- Gross operating margin +€14,341
up €14,341 (+13.6%), from €105,484 to €119,826
- Financial charges -€4,525
down €4,525 (-12.3%), from €36,686 to €32,162
- Depreciation +€3,205
up €3,205 (+7.4%), from €43,322 to €46,527
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 | €1,122,048 | €1,102,811 | -€19,237 | -1.7% |
| Fixed assets | 21/28 | €873,582 | €869,223 | -€4,359 | -0.5% |
| Tangible fixed assets | 22/27 | €873,582 | €869,223 | -€4,359 | -0.5% |
| Land and buildings | 22 | €859,860 | €859,628 | -€231 | 0.0% |
| Furniture and vehicles | 24 | €13,723 | €9,595 | -€4,128 | -30.1% |
| Current assets | 29/58 | €248,466 | €233,588 | -€14,877 | -6.0% |
| Stocks and contracts in progress | 3 | €167,030 | €107,445 | -€59,585 | -35.7% |
| Stocks | 30/36 | €167,030 | €107,445 | -€59,585 | -35.7% |
| Amounts receivable within one year | 40/41 | €41,411 | €68,097 | +€26,686 | +64.4% |
| Trade receivables | 40 | €38,582 | €52,977 | +€14,395 | +37.3% |
| Other amounts receivable | 41 | €2,829 | €15,120 | +€12,291 | +434% |
| Cash at bank and in hand | 54/58 | €36,975 | €51,233 | +€14,259 | +38.6% |
| Deferred charges and accrued income | 490/1 | €3,050 | €6,813 | +€3,763 | +123% |
| Total equity and liabilities | 10/49 | €1,122,048 | €1,102,811 | -€19,237 | -1.7% |
| Equity | 10/15 | €312,205 | €324,507 | +€12,301 | +3.9% |
| Contributions | 10/11 | €31,200 | €31,200 | = | 0.0% |
| Reserves | 13 | €281,005 | €293,307 | +€12,301 | +4.4% |
| Distributable reserves | 133 | €281,005 | €293,307 | +€12,301 | +4.4% |
| Amounts payable | 17/49 | €809,842 | €778,304 | -€31,538 | -3.9% |
| Amounts payable after more than one year | 17 | €631,232 | €587,907 | -€43,326 | -6.9% |
| Financial debts | 170/4 | €629,132 | €585,807 | -€43,326 | -6.9% |
| Other amounts payable | 178/9 | €2,100 | €2,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €178,244 | €190,032 | +€11,788 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €48,954 | €48,822 | -€132 | -0.3% |
| Financial debts | 43 | - | €70 | +€70 | |
| Credit institutions | 430/8 | - | €70 | +€70 | |
| Trade debts | 44 | €48,819 | €70,991 | +€22,171 | +45.4% |
| Suppliers | 440/4 | €48,819 | €70,991 | +€22,171 | +45.4% |
| Taxes, remuneration and social security | 45 | €1,292 | €15,600 | +€14,308 | +1,108% |
| Taxes | 450/3 | €1,292 | - | -€1,292 | |
| Remuneration and social security | 454/9 | - | €15,600 | +€15,600 | |
| Other amounts payable | 47/48 | €79,179 | €54,548 | -€24,630 | -31.1% |
| Accrued charges and deferred income | 492/3 | €366 | €366 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,322 | €46,527 | +€3,205 | +7.4% |
| Other operating charges | 640/8 | €18,664 | €18,249 | -€415 | -2.2% |
| Gross operating margin | 9900 | €105,484 | €119,826 | +€14,341 | +13.6% |
| Operating profit (loss) | 9901 | €43,498 | €55,050 | +€11,552 | +26.6% |
| Financial income | 75/76B | €170,385 | €394 | -€169,991 | -99.8% |
| Recurring financial income | 75 | €458 | €394 | -€64 | -13.9% |
| Non-recurring financial income | 76B | €169,927 | - | -€169,927 | |
| Financial charges | 65/66B | €36,686 | €32,162 | -€4,525 | -12.3% |
| Recurring financial charges | 65 | €36,686 | €32,162 | -€4,525 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €177,197 | €23,283 | -€153,915 | -86.9% |
| Income taxes | 67/77 | €53,727 | €8,981 | -€44,746 | -83.3% |
| Profit (loss) for the period | 9904 | €123,470 | €14,301 | -€109,169 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €123,470 | €14,301 | -€109,169 | -88.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.