HP DHONDT: what changed
HP DHONDT
Largest movements
- Cash +€99,734
up €99,734 (+82.2%), from €121,341 to €221,075
mainly Net result for the year (+€174,629) and Depreciation (+€36,484)
- Tangible fixed assets -€36,710
down €36,710 (-37.1%), from €98,972 to €62,262
of which Furniture and vehicles: -€34,965
- Receivables within one year +€22,040
up €22,040 (+41.8%), from €52,783 to €74,822
of which Trade receivables: +€31,781
- Financial fixed assets -€4,859
down €4,859 (-97.3%), from €4,994 to €135
- Stocks and contracts +€4,238
up €4,238 (+7.5%), from €56,209 to €60,448
- Reserves +€142,427
up €142,427 (+60.1%), from €236,918 to €379,346
- Other debts -€31,601
down €31,601 (-75.9%), from €41,646 to €10,045
- Debts after one year -€30,000
down €30,000 (-100%), from €30,000 to €0
- Tax, wage and social debts +€5,531
up €5,531 (+53.9%), from €10,264 to €15,794
- Gross operating margin +€199,762
up €199,762 (+240%), from €83,320 to €283,083
- Taxes +€58,352
up €58,352 (+402%), from €14,528 to €72,880
- Depreciation -€4,099
down €4,099 (-10.1%), from €40,583 to €36,484
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 | €337,299 | €419,869 | +€82,570 | +24.5% |
| Fixed assets | 21/28 | €103,966 | €62,397 | -€41,569 | -40.0% |
| Tangible fixed assets | 22/27 | €98,972 | €62,262 | -€36,710 | -37.1% |
| Plant, machinery and equipment | 23 | €3,485 | €2,805 | -€679 | -19.5% |
| Furniture and vehicles | 24 | €94,422 | €59,457 | -€34,965 | -37.0% |
| Other tangible fixed assets | 26 | €1,066 | €0 | -€1,066 | -100% |
| Financial fixed assets | 28 | €4,994 | €135 | -€4,859 | -97.3% |
| Current assets | 29/58 | €233,333 | €357,472 | +€124,139 | +53.2% |
| Stocks and contracts in progress | 3 | €56,209 | €60,448 | +€4,238 | +7.5% |
| Stocks | 30/36 | €56,209 | €60,448 | +€4,238 | +7.5% |
| Amounts receivable within one year | 40/41 | €52,783 | €74,822 | +€22,040 | +41.8% |
| Trade receivables | 40 | €37,326 | €69,106 | +€31,781 | +85.1% |
| Other amounts receivable | 41 | €15,457 | €5,716 | -€9,741 | -63.0% |
| Cash at bank and in hand | 54/58 | €121,341 | €221,075 | +€99,734 | +82.2% |
| Deferred charges and accrued income | 490/1 | €3,000 | €1,127 | -€1,873 | -62.4% |
| Total equity and liabilities | 10/49 | €337,299 | €419,869 | +€82,570 | +24.5% |
| Equity | 10/15 | €249,318 | €391,746 | +€142,427 | +57.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €236,918 | €379,346 | +€142,427 | +60.1% |
| Distributable reserves | 133 | €236,918 | €379,346 | +€142,427 | +60.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €87,981 | €28,123 | -€59,858 | -68.0% |
| Amounts payable after more than one year | 17 | €30,000 | €0 | -€30,000 | -100% |
| Other amounts payable | 178/9 | €30,000 | €0 | -€30,000 | -100% |
| Amounts payable within one year | 42/48 | €53,923 | €26,617 | -€27,306 | -50.6% |
| Trade debts | 44 | €1,732 | €777 | -€955 | -55.1% |
| Suppliers | 440/4 | €1,732 | €777 | -€955 | -55.1% |
| Advances received on contracts in progress | 46 | €280 | €0 | -€280 | -100% |
| Taxes, remuneration and social security | 45 | €10,264 | €15,794 | +€5,531 | +53.9% |
| Taxes | 450/3 | €10,264 | €15,794 | +€5,531 | +53.9% |
| Other amounts payable | 47/48 | €41,646 | €10,045 | -€31,601 | -75.9% |
| Accrued charges and deferred income | 492/3 | €4,058 | €1,507 | -€2,552 | -62.9% |
| Non-recurring operating income | 76A | - | €87,669 | +€87,669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,583 | €36,484 | -€4,099 | -10.1% |
| Other operating charges | 640/8 | €1,669 | €1,605 | -€64 | -3.8% |
| Gross operating margin | 9900 | €83,320 | €283,083 | +€199,762 | +240% |
| Operating profit (loss) | 9901 | €41,068 | €244,993 | +€203,925 | +497% |
| Financial income | 75/76B | €3,675 | €3,145 | -€530 | -14.4% |
| Recurring financial income | 75 | €3,675 | €3,145 | -€530 | -14.4% |
| Financial charges | 65/66B | €1,947 | €629 | -€1,318 | -67.7% |
| Recurring financial charges | 65 | €1,947 | €629 | -€1,318 | -67.7% |
| Profit (loss) for the period before taxes | 9903 | €42,796 | €247,509 | +€204,713 | +478% |
| Income taxes | 67/77 | €14,528 | €72,880 | +€58,352 | +402% |
| Profit (loss) for the period | 9904 | €28,268 | €174,629 | +€146,361 | +518% |
| Profit (loss) for the period to be appropriated | 9905 | €28,268 | €174,629 | +€146,361 | +518% |
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 7 November 2026 via checked.be.