D.H.C.: what changed
Two fiscal 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.
D.H.C.
Largest movements
- Cash +€415,412
up €415,412 (+1181.3%), from €35,166 to €450,579
mainly Net result for the year (+€427,332) and Investment in fixed assets (net) (+€340,053)
- Tangible fixed assets -€345,038
down €345,038 (-26.3%), from €1.3m to €966,582
of which Land and buildings: -€345,038
- Receivables within one year +€279,300
up €279,300 (+147.5%), from €189,375 to €468,674
of which Other amounts receivable: +€338,489
- Reserves +€427,332
up €427,332 (+29.2%), from €1.5m to €1.9m
of which Distributable reserves: +€405,966
- Debts after one year -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Tax, wage and social debts +€117,161
up €117,161 (+125.2%), from €93,572 to €210,733
of which Taxes: +€128,852
- Gross operating margin -€165,087
down €165,087 (-20.1%), from €820,518 to €655,431
- Taxes -€49,582
down €49,582 (-19.0%), from €260,320 to €210,738
- Financial income -€19,474
down €19,474 (-95.8%), from €20,333 to €859
- Financial charges -€13,346
down €13,346 (-93.8%), from €14,227 to €881
of which Financial charges: -€13,346
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.
Cash bridge derived
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 | €6,209,161 | €6,558,835 | +€349,674 | +5.6% |
| Fixed assets | 21/28 | €5,984,620 | €5,639,582 | -€345,038 | -5.8% |
| Tangible fixed assets | 22/27 | €1,311,620 | €966,582 | -€345,038 | -26.3% |
| Land and buildings | 22 | €1,311,620 | €966,582 | -€345,038 | -26.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €4,673,000 | €4,673,000 | = | 0.0% |
| Current assets | 29/58 | €224,541 | €919,253 | +€694,712 | +309.4% |
| Amounts receivable within one year | 40/41 | €189,375 | €468,674 | +€279,300 | +147.5% |
| Trade receivables | 40 | €155,957 | €96,767 | -€59,189 | -38.0% |
| Other amounts receivable | 41 | €33,418 | €371,907 | +€338,489 | +1012.9% |
| Cash at bank and in hand | 54/58 | €35,166 | €450,579 | +€415,412 | +1181.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €6,209,161 | €6,558,835 | +€349,674 | +5.6% |
| Equity | 10/15 | €5,910,466 | €6,337,798 | +€427,332 | +7.2% |
| Contributions | 10/11 | €4,447,228 | €4,447,228 | = | 0.0% |
| Capital | 10 | €4,447,228 | €4,447,228 | = | 0.0% |
| Issued capital | 100 | €4,447,228 | €4,447,228 | = | 0.0% |
| Reserves | 13 | €1,463,237 | €1,890,570 | +€427,332 | +29.2% |
| Non-distributable reserves | 130/1 | €121,625 | €142,991 | +€21,367 | +17.6% |
| Legal reserve | 130 | €121,625 | €142,991 | +€21,367 | +17.6% |
| Distributable reserves | 133 | €1,341,613 | €1,747,578 | +€405,966 | +30.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €298,695 | €221,037 | -€77,658 | -26.0% |
| Amounts payable after more than one year | 17 | €150,000 | €0 | -€150,000 | -100.0% |
| Other amounts payable | 178/9 | €150,000 | €0 | -€150,000 | -100.0% |
| Amounts payable within one year | 42/48 | €148,695 | €221,037 | +€72,342 | +48.7% |
| Trade debts | 44 | €41,197 | €0 | -€41,197 | -100.0% |
| Suppliers | 440/4 | €41,197 | €0 | -€41,197 | -100.0% |
| Taxes, remuneration and social security | 45 | €93,572 | €210,733 | +€117,161 | +125.2% |
| Taxes | 450/3 | €81,881 | €210,733 | +€128,852 | +157.4% |
| Remuneration and social security | 454/9 | €11,690 | €0 | -€11,690 | -100.0% |
| Other amounts payable | 47/48 | €13,926 | €10,304 | -€3,622 | -26.0% |
| Non-recurring operating income | 76A | - | €374,626 | +€374,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,220 | €4,985 | -€7,235 | -59.2% |
| Other operating charges | 640/8 | €11,792 | €12,353 | +€561 | +4.8% |
| Gross operating margin | 9900 | €820,518 | €655,431 | -€165,087 | -20.1% |
| Operating profit (loss) | 9901 | €796,505 | €638,093 | -€158,413 | -19.9% |
| Financial income | 75/76B | €20,333 | €859 | -€19,474 | -95.8% |
| Recurring financial income | 75 | €20,333 | €859 | -€19,474 | -95.8% |
| Financial charges | 65/66B | €14,227 | €881 | -€13,346 | -93.8% |
| Recurring financial charges | 65 | €14,227 | €881 | -€13,346 | -93.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €802,611 | €638,070 | -€164,541 | -20.5% |
| Income taxes | 67/77 | €260,320 | €210,738 | -€49,582 | -19.0% |
| Profit (loss) for the period | 9904 | €542,292 | €427,332 | -€114,959 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €542,292 | €427,332 | -€114,959 | -21.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.