L. DE HOON: 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.
L. DE HOON
Largest movements
- Cash +€17,993
up €17,993 (+61.9%), from €29,050 to €47,043
mainly Net result for the year (+€40,460) and Receivables within one year (+€14,753)
- Receivables within one year -€14,753
down €14,753 (-27.2%), from €54,233 to €39,480
of which Trade receivables: -€10,757
- Tangible fixed assets -€1,463
down €1,463 (-64.3%), from €2,276 to €813
- Profit (loss) carried forward +€40,000
new in 2025: €40,000
- Reserves -€39,540
down €39,540 (-51.3%), from €77,093 to €37,554
- Tax, wage and social debts +€2,542
up €2,542 (+27.4%), from €9,290 to €11,832
- Short-term financial debts -€1,188
down €1,188 (-100%), from €1,188 to €0
- Gross operating margin +€41,936
up €41,936 (+345%), from €12,165 to €54,101
- Taxes +€10,176
up €10,176 (+932%), from €1,092 to €11,267
- Depreciation -€584
down €584 (-28.5%), from €2,046 to €1,463
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 | €89,889 | €91,701 | +€1,812 | +2.0% |
| Fixed assets | 21/28 | €2,276 | €813 | -€1,463 | -64.3% |
| Tangible fixed assets | 22/27 | €2,276 | €813 | -€1,463 | -64.3% |
| Furniture and vehicles | 24 | €2,276 | €813 | -€1,463 | -64.3% |
| Current assets | 29/58 | €87,613 | €90,888 | +€3,275 | +3.7% |
| Amounts receivable within one year | 40/41 | €54,233 | €39,480 | -€14,753 | -27.2% |
| Trade receivables | 40 | €50,233 | €39,476 | -€10,757 | -21.4% |
| Other amounts receivable | 41 | €4,000 | €4 | -€3,996 | -99.9% |
| Cash at bank and in hand | 54/58 | €29,050 | €47,043 | +€17,993 | +61.9% |
| Deferred charges and accrued income | 490/1 | €4,329 | €4,365 | +€35 | +0.8% |
| Total equity and liabilities | 10/49 | €89,889 | €91,701 | +€1,812 | +2.0% |
| Equity | 10/15 | €78,093 | €78,554 | +€460 | +0.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €77,093 | €37,554 | -€39,540 | -51.3% |
| Distributable reserves | 133 | €77,093 | €37,554 | -€39,540 | -51.3% |
| Profit (loss) carried forward | 14 | - | €40,000 | +€40,000 | |
| Amounts payable | 17/49 | €11,796 | €13,147 | +€1,352 | +11.5% |
| Amounts payable within one year | 42/48 | €11,796 | €13,147 | +€1,352 | +11.5% |
| Financial debts | 43 | €1,188 | €0 | -€1,188 | -100% |
| Other loans | 439 | €1,188 | €0 | -€1,188 | -100% |
| Trade debts | 44 | €1,318 | €1,315 | -€2 | -0.2% |
| Suppliers | 440/4 | €1,318 | €1,315 | -€2 | -0.2% |
| Taxes, remuneration and social security | 45 | €9,290 | €11,832 | +€2,542 | +27.4% |
| Taxes | 450/3 | €9,290 | €11,832 | +€2,542 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,046 | €1,463 | -€584 | -28.5% |
| Other operating charges | 640/8 | €734 | €758 | +€23 | +3.2% |
| Gross operating margin | 9900 | €12,165 | €54,101 | +€41,936 | +345% |
| Operating profit (loss) | 9901 | €9,385 | €51,881 | +€42,496 | +453% |
| Financial charges | 65/66B | €140 | €154 | +€13 | +9.4% |
| Recurring financial charges | 65 | €140 | €154 | +€13 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €9,245 | €51,728 | +€42,483 | +460% |
| Income taxes | 67/77 | €1,092 | €11,267 | +€10,176 | +932% |
| Profit (loss) for the period | 9904 | €8,153 | €40,460 | +€32,307 | +396% |
| Profit (loss) for the period to be appropriated | 9905 | €8,153 | €40,460 | +€32,307 | +396% |
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 30 October 2026 via checked.be.