Hans Durnez: what changed
Hans Durnez
Largest movements
- Tangible fixed assets -€287,492
no longer reported in 2025 (was €287,492)
of which Land and buildings: -€280,487
- Receivables within one year +€51,837
up €51,837 (+1,428%), from €3,629 to €55,466
of which Trade receivables: +€52,174
- Cash +€32,952
up €32,952 (+590%), from €5,589 to €38,541
mainly Investment in fixed assets (net) (+€287,492) and Tax, wage and social debts (+€16,436)
- Debts after one year -€182,962
no longer reported in 2025 (was €182,962)
- Current portion of long-term debt -€18,593
down €18,593 (-82.3%), from €22,593 to €4,000
- Tax, wage and social debts +€16,436
up €16,436 (+274%), from €5,999 to €22,435
- Profit (loss) carried forward -€10,616
down €10,616 (-38.9%), from €27,270 to €16,654
- Other debts -€7,083
down €7,083 (-19.3%), from €36,653 to €29,570
- Gross operating margin +€12,417
up €12,417 (+94.3%), from €13,165 to €25,582
- Depreciation -€8,517
no longer reported in 2025 (was €8,517)
- Taxes +€3,753
up €3,753 (+411%), from €912 to €4,664
- Other operating charges +€923
up €923 (+183%), from €505 to €1,428
- Financial charges +€565
up €565 (+22.3%), from €2,540 to €3,105
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 | €297,190 | €94,522 | -€202,668 | -68.2% |
| Fixed assets | 21/28 | €287,492 | - | -€287,492 | |
| Tangible fixed assets | 22/27 | €287,492 | - | -€287,492 | |
| Land and buildings | 22 | €280,487 | - | -€280,487 | |
| Furniture and vehicles | 24 | €7,005 | - | -€7,005 | |
| Current assets | 29/58 | €9,698 | €94,522 | +€84,824 | +875% |
| Amounts receivable within one year | 40/41 | €3,629 | €55,466 | +€51,837 | +1,428% |
| Trade receivables | 40 | €2,541 | €54,715 | +€52,174 | +2,053% |
| Other amounts receivable | 41 | €1,088 | €750 | -€338 | -31.1% |
| Cash at bank and in hand | 54/58 | €5,589 | €38,541 | +€32,952 | +590% |
| Deferred charges and accrued income | 490/1 | €480 | €515 | +€35 | +7.4% |
| Total equity and liabilities | 10/49 | €297,190 | €94,522 | -€202,668 | -68.2% |
| Equity | 10/15 | €47,730 | €37,114 | -€10,616 | -22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,270 | €16,654 | -€10,616 | -38.9% |
| Amounts payable | 17/49 | €249,459 | €57,408 | -€192,051 | -77.0% |
| Amounts payable after more than one year | 17 | €182,962 | - | -€182,962 | |
| Financial debts | 170/4 | €182,962 | - | -€182,962 | |
| Amounts payable within one year | 42/48 | €66,497 | €56,500 | -€9,997 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €22,593 | €4,000 | -€18,593 | -82.3% |
| Trade debts | 44 | €1,253 | €495 | -€758 | -60.5% |
| Suppliers | 440/4 | €1,253 | €495 | -€758 | -60.5% |
| Taxes, remuneration and social security | 45 | €5,999 | €22,435 | +€16,436 | +274% |
| Taxes | 450/3 | €5,999 | €22,435 | +€16,436 | +274% |
| Other amounts payable | 47/48 | €36,653 | €29,570 | -€7,083 | -19.3% |
| Accrued charges and deferred income | 492/3 | - | €908 | +€908 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,517 | - | -€8,517 | |
| Other operating charges | 640/8 | €505 | €1,428 | +€923 | +183% |
| Gross operating margin | 9900 | €13,165 | €25,582 | +€12,417 | +94.3% |
| Operating profit (loss) | 9901 | €4,143 | €24,154 | +€20,011 | +483% |
| Financial income | 75/76B | €297 | - | -€297 | |
| Recurring financial income | 75 | €297 | - | -€297 | |
| Financial charges | 65/66B | €2,540 | €3,105 | +€565 | +22.3% |
| Recurring financial charges | 65 | €2,540 | €3,105 | +€565 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €1,899 | €21,048 | +€19,149 | +1,008% |
| Income taxes | 67/77 | €912 | €4,664 | +€3,753 | +411% |
| Profit (loss) for the period | 9904 | €988 | €16,384 | +€15,396 | +1,559% |
| Profit (loss) for the period to be appropriated | 9905 | €988 | €16,384 | +€15,396 | +1,559% |
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.