MANAGEMENT VAN DEN HENDE: 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.
MANAGEMENT VAN DEN HENDE
Largest movements
- Stocks and contracts -€25,574
no longer reported in 2025 (was €25,574)
- Receivables within one year +€16,152
up €16,152 (+7.8%), from €206,059 to €222,211
of which Other amounts receivable: +€40,539
- Cash -€3,706
no longer reported in 2025 (was €3,706)
mainly Advances received (-€30,000) and Receivables within one year (-€16,152)
- Advances received -€30,000
no longer reported in 2025 (was €30,000)
- Profit (loss) carried forward +€14,071
up €14,071 (+126%), from €11,182 to €25,253
- Debts after one year -€10,709
down €10,709 (-37.1%), from €28,899 to €18,190
- Tax, wage and social debts +€8,145
up €8,145 (+31.0%), from €26,314 to €34,459
- Short-term financial debts +€4,521
up €4,521 (+29.8%), from €15,148 to €19,669
- Gross operating margin +€55,700
up €55,700, from -€8,227 to €47,473
- Financial income -€43,146
down €43,146 (-80.6%), from €53,508 to €10,362
of which Non-recurring financial income: -€43,727
- Taxes +€8,342
up €8,342 (+4,601%), from €181 to €8,523
- Other operating charges +€1,637
up €1,637 (+80.4%), from €2,037 to €3,674
- Financial charges +€970
up €970 (+17.0%), from €5,690 to €6,660
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 | €237,502 | €225,535 | -€11,967 | -5.0% |
| Fixed assets | 21/28 | €2,162 | €3,324 | +€1,162 | +53.7% |
| Tangible fixed assets | 22/27 | €2,161 | €3,323 | +€1,162 | +53.8% |
| Furniture and vehicles | 24 | €2,161 | €3,323 | +€1,162 | +53.8% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €235,340 | €222,211 | -€13,129 | -5.6% |
| Stocks and contracts in progress | 3 | €25,574 | - | -€25,574 | |
| Stocks | 30/36 | €25,574 | - | -€25,574 | |
| Amounts receivable within one year | 40/41 | €206,059 | €222,211 | +€16,152 | +7.8% |
| Trade receivables | 40 | €37,902 | €13,515 | -€24,387 | -64.3% |
| Other amounts receivable | 41 | €168,157 | €208,696 | +€40,539 | +24.1% |
| Cash at bank and in hand | 54/58 | €3,706 | - | -€3,706 | |
| Total equity and liabilities | 10/49 | €237,502 | €225,535 | -€11,967 | -5.0% |
| Equity | 10/15 | €59,711 | €71,927 | +€12,216 | +20.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,474 | €40,474 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Other | 1319 | €0 | - | -€0 | |
| Distributable reserves | 133 | €38,619 | €38,619 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €11,182 | €25,253 | +€14,071 | +126% |
| Investment grants | 15 | €1,855 | - | -€1,855 | |
| Amounts payable | 17/49 | €177,791 | €153,608 | -€24,183 | -13.6% |
| Amounts payable after more than one year | 17 | €28,899 | €18,190 | -€10,709 | -37.1% |
| Financial debts | 170/4 | €28,899 | €18,190 | -€10,709 | -37.1% |
| Amounts payable within one year | 42/48 | €148,892 | €135,418 | -€13,474 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €10,144 | €10,709 | +€565 | +5.6% |
| Financial debts | 43 | €15,148 | €19,669 | +€4,521 | +29.8% |
| Credit institutions | 430/8 | €15,148 | €19,669 | +€4,521 | +29.8% |
| Trade debts | 44 | €13,999 | €17,294 | +€3,295 | +23.5% |
| Suppliers | 440/4 | €13,999 | €17,294 | +€3,295 | +23.5% |
| Advances received on contracts in progress | 46 | €30,000 | - | -€30,000 | |
| Taxes, remuneration and social security | 45 | €26,314 | €34,459 | +€8,145 | +31.0% |
| Taxes | 450/3 | €26,314 | €34,459 | +€8,145 | +31.0% |
| Other amounts payable | 47/48 | €53,287 | €53,287 | +€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,923 | €1,188 | -€735 | -38.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,574 | €25,574 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,037 | €3,674 | +€1,637 | +80.4% |
| Gross operating margin | 9900 | -€8,227 | €47,473 | +€55,700 | |
| Operating profit (loss) | 9901 | -€37,761 | €17,037 | +€54,798 | |
| Financial income | 75/76B | €53,508 | €10,362 | -€43,146 | -80.6% |
| Recurring financial income | 75 | €9,781 | €10,362 | +€581 | +5.9% |
| Non-recurring financial income | 76B | €43,727 | - | -€43,727 | |
| Financial charges | 65/66B | €5,690 | €6,660 | +€970 | +17.0% |
| Recurring financial charges | 65 | €5,690 | €6,660 | +€970 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €10,057 | €20,739 | +€10,682 | +106% |
| Income taxes | 67/77 | €181 | €8,523 | +€8,342 | +4,601% |
| Profit (loss) for the period | 9904 | €9,876 | €12,216 | +€2,340 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,876 | €12,216 | +€2,340 | +23.7% |
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.