HILDE DANNEELS: 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.
HILDE DANNEELS
Largest movements
- Cash +€25,276
up €25,276 (+30.5%), from €82,881 to €108,158
mainly Net result for the year (+€20,095) and Other debts (+€3,273)
- Receivables within one year -€1,722
down €1,722 (-24.7%), from €6,981 to €5,259
of which Trade receivables: -€2,012
- Reserves +€20,095
up €20,095 (+11.9%), from €168,350 to €188,445
of which Distributable reserves: +€20,095
- Other debts +€3,273
up €3,273 (+21.2%), from €15,464 to €18,736
- Gross operating margin +€5,332
up €5,332 (+19.7%), from €27,117 to €32,448
- Financial charges +€1,061
up €1,061 (+658%), from €161 to €1,222
- Taxes +€997
up €997 (+10.7%), from €9,287 to €10,283
- Depreciation +€475
new in 2025: €475
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 | €141,311 | €166,588 | +€25,276 | +17.9% |
| Fixed assets | 21/28 | - | €1,367 | +€1,367 | |
| Tangible fixed assets | 22/27 | - | €1,367 | +€1,367 | |
| Plant, machinery and equipment | 23 | - | €431 | +€431 | |
| Furniture and vehicles | 24 | - | €936 | +€936 | |
| Current assets | 29/58 | €141,311 | €165,221 | +€23,910 | +16.9% |
| Amounts receivable within one year | 40/41 | €6,981 | €5,259 | -€1,722 | -24.7% |
| Trade receivables | 40 | €5,498 | €3,486 | -€2,012 | -36.6% |
| Other amounts receivable | 41 | €1,483 | €1,773 | +€290 | +19.5% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €82,881 | €108,158 | +€25,276 | +30.5% |
| Deferred charges and accrued income | 490/1 | €1,449 | €1,805 | +€356 | +24.5% |
| Total equity and liabilities | 10/49 | €141,311 | €166,588 | +€25,276 | +17.9% |
| Equity | 10/15 | €123,979 | €144,074 | +€20,095 | +16.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €168,350 | €188,445 | +€20,095 | +11.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €166,350 | €186,445 | +€20,095 | +12.1% |
| Profit (loss) carried forward | 14 | -€64,370 | -€64,370 | = | 0.0% |
| Amounts payable | 17/49 | €17,332 | €22,514 | +€5,181 | +29.9% |
| Amounts payable within one year | 42/48 | €17,332 | €21,484 | +€4,151 | +24.0% |
| Trade debts | 44 | €137 | €738 | +€601 | +438% |
| Suppliers | 440/4 | €137 | €738 | +€601 | +438% |
| Taxes, remuneration and social security | 45 | €1,732 | €2,010 | +€278 | +16.1% |
| Taxes | 450/3 | €1,732 | €2,010 | +€278 | +16.1% |
| Other amounts payable | 47/48 | €15,464 | €18,736 | +€3,273 | +21.2% |
| Accrued charges and deferred income | 492/3 | - | €1,030 | +€1,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €475 | +€475 | |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €27,117 | €32,448 | +€5,332 | +19.7% |
| Operating profit (loss) | 9901 | €26,603 | €31,445 | +€4,842 | +18.2% |
| Financial income | 75/76B | €160 | €155 | -€5 | -3.0% |
| Recurring financial income | 75 | €160 | €155 | -€5 | -3.0% |
| Financial charges | 65/66B | €161 | €1,222 | +€1,061 | +658% |
| Recurring financial charges | 65 | €161 | €1,222 | +€1,061 | +658% |
| Profit (loss) for the period before taxes | 9903 | €26,602 | €30,378 | +€3,776 | +14.2% |
| Income taxes | 67/77 | €9,287 | €10,283 | +€997 | +10.7% |
| Profit (loss) for the period | 9904 | €17,316 | €20,095 | +€2,779 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,316 | €20,095 | +€2,779 | +16.1% |
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 20 October 2026 via checked.be.