HET DISCHHOF: 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.
HET DISCHHOF
Largest movements
- Current investments +€236,406
up €236,406 (+76.7%), from €308,409 to €544,816
- Receivables within one year -€120,465
down €120,465 (-36.8%), from €327,084 to €206,618
of which Trade receivables: -€93,846
- Tangible fixed assets -€68,361
down €68,361 (-8.4%), from €812,747 to €744,386
of which Plant, machinery and equipment: -€53,280
- Cash +€21,393
up €21,393 (+4.1%), from €516,267 to €537,660
mainly Net result for the year (+€125,947) and Receivables within one year (+€120,465)
- Reserves +€125,947
up €125,947 (+16.4%), from €769,557 to €895,504
of which Distributable reserves: +€125,947
- Other debts -€123,156
down €123,156 (-23.3%), from €527,989 to €404,833
- Investment grants +€88,425
up €88,425 (+121%), from €73,125 to €161,550
- Debts after one year -€50,000
down €50,000 (-11.7%), from €429,167 to €379,167
- Provisions +€21,637
up €21,637 (+88.8%), from €24,375 to €46,012
- Gross operating margin -€101,832
down €101,832 (-21.2%), from €479,542 to €377,710
- Financial income +€49,835
up €49,835 (+395%), from €12,614 to €62,449
- Depreciation +€12,931
up €12,931 (+16.4%), from €79,006 to €91,937
- Taxes -€9,368
down €9,368 (-15.5%), from €60,550 to €51,182
- Write-downs -€6,470
down €6,470 (-100%), from €6,470 to €0
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 | €2,031,137 | €2,106,847 | +€75,710 | +3.7% |
| Fixed assets | 21/28 | €812,747 | €744,386 | -€68,361 | -8.4% |
| Tangible fixed assets | 22/27 | €812,747 | €744,386 | -€68,361 | -8.4% |
| Land and buildings | 22 | €258,673 | €236,951 | -€21,722 | -8.4% |
| Plant, machinery and equipment | 23 | €552,838 | €499,559 | -€53,280 | -9.6% |
| Furniture and vehicles | 24 | €1,235 | €7,876 | +€6,641 | +538% |
| Current assets | 29/58 | €1,218,390 | €1,362,461 | +€144,070 | +11.8% |
| Stocks and contracts in progress | 3 | €59,666 | €67,688 | +€8,022 | +13.4% |
| Stocks | 30/36 | €59,666 | €67,688 | +€8,022 | +13.4% |
| Amounts receivable within one year | 40/41 | €327,084 | €206,618 | -€120,465 | -36.8% |
| Trade receivables | 40 | €279,388 | €185,542 | -€93,846 | -33.6% |
| Other amounts receivable | 41 | €47,695 | €21,076 | -€26,619 | -55.8% |
| Current investments | 50/53 | €308,409 | €544,816 | +€236,406 | +76.7% |
| Cash at bank and in hand | 54/58 | €516,267 | €537,660 | +€21,393 | +4.1% |
| Deferred charges and accrued income | 490/1 | €6,964 | €5,679 | -€1,285 | -18.5% |
| Total equity and liabilities | 10/49 | €2,031,137 | €2,106,847 | +€75,710 | +3.7% |
| Equity | 10/15 | €861,282 | €1,075,654 | +€214,372 | +24.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €769,557 | €895,504 | +€125,947 | +16.4% |
| Tax-exempt reserves | 132 | €102,950 | €102,950 | = | 0.0% |
| Distributable reserves | 133 | €666,607 | €792,554 | +€125,947 | +18.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €73,125 | €161,550 | +€88,425 | +121% |
| Provisions and deferred taxes | 16 | €24,375 | €46,012 | +€21,637 | +88.8% |
| Deferred taxes | 168 | €24,375 | €46,012 | +€21,637 | +88.8% |
| Amounts payable | 17/49 | €1,145,480 | €985,180 | -€160,300 | -14.0% |
| Amounts payable after more than one year | 17 | €429,167 | €379,167 | -€50,000 | -11.7% |
| Financial debts | 170/4 | €429,167 | €379,167 | -€50,000 | -11.7% |
| Amounts payable within one year | 42/48 | €705,236 | €598,224 | -€107,012 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 43 | - | €0 | +€0 | |
| Credit institutions | 430/8 | - | €0 | +€0 | |
| Trade debts | 44 | €98,315 | €104,710 | +€6,396 | +6.5% |
| Suppliers | 440/4 | €98,315 | €104,710 | +€6,396 | +6.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €28,932 | €38,681 | +€9,748 | +33.7% |
| Taxes | 450/3 | €1,890 | €5,039 | +€3,149 | +167% |
| Remuneration and social security | 454/9 | €27,042 | €33,641 | +€6,599 | +24.4% |
| Other amounts payable | 47/48 | €527,989 | €404,833 | -€123,156 | -23.3% |
| Accrued charges and deferred income | 492/3 | €11,077 | €7,789 | -€3,287 | -29.7% |
| Non-recurring operating income | 76A | - | €13,000 | +€13,000 | |
| Remuneration, social security and pensions | 62 | €166,598 | €163,991 | -€2,607 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,006 | €91,937 | +€12,931 | +16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,470 | €0 | -€6,470 | -100% |
| Other operating charges | 640/8 | €3,581 | €2,130 | -€1,451 | -40.5% |
| Gross operating margin | 9900 | €479,542 | €377,710 | -€101,832 | -21.2% |
| Operating profit (loss) | 9901 | €223,887 | €119,651 | -€104,236 | -46.6% |
| Financial income | 75/76B | €12,614 | €62,449 | +€49,835 | +395% |
| Recurring financial income | 75 | €12,614 | €62,449 | +€49,835 | +395% |
| Financial charges | 65/66B | €15,930 | €16,924 | +€993 | +6.2% |
| Recurring financial charges | 65 | €15,930 | €16,924 | +€993 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €220,571 | €165,177 | -€55,394 | -25.1% |
| Transfer from deferred taxes | 780 | €1,875 | €11,952 | +€10,077 | +537% |
| Income taxes | 67/77 | €60,550 | €51,182 | -€9,368 | -15.5% |
| Profit (loss) for the period | 9904 | €161,896 | €125,947 | -€35,949 | -22.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €161,896 | €125,947 | -€35,949 | -22.2% |
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 21 October 2026 via checked.be.