D.H.M.: 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.
D.H.M.
Largest movements
- Cash +€24,410
up €24,410 (+19.8%), from €123,213 to €147,624
mainly Net result for the year (+€23,600) and Tax, wage and social debts (+€3,174)
- Tangible fixed assets +€2,195
up €2,195 (+69.9%), from €3,141 to €5,336
of which Plant, machinery and equipment: +€2,325
- Reserves +€23,600
up €23,600 (+21.0%), from €112,165 to €135,765
- Tax, wage and social debts +€3,174
up €3,174 (+99.9%), from €3,176 to €6,350
- Turnover -€68,779
no longer reported in 2025 (was €68,779)
- Purchases and services -€47,650
no longer reported in 2025 (was €47,650)
- Gross operating margin +€13,003
up €13,003 (+55.2%), from €23,572 to €36,575
- Taxes +€5,140
up €5,140 (+82.5%), from €6,230 to €11,370
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 | €135,631 | €163,327 | +€27,695 | +20.4% |
| Fixed assets | 21/28 | €4,145 | €6,340 | +€2,195 | +53.0% |
| Tangible fixed assets | 22/27 | €3,141 | €5,336 | +€2,195 | +69.9% |
| Plant, machinery and equipment | 23 | €2,480 | €4,804 | +€2,325 | +93.7% |
| Furniture and vehicles | 24 | €661 | €532 | -€129 | -19.6% |
| Financial fixed assets | 28 | €1,004 | €1,004 | = | 0.0% |
| Current assets | 29/58 | €131,486 | €156,987 | +€25,500 | +19.4% |
| Amounts receivable within one year | 40/41 | €8,273 | €9,363 | +€1,090 | +13.2% |
| Trade receivables | 40 | €7,474 | €9,363 | +€1,889 | +25.3% |
| Other amounts receivable | 41 | €799 | €0 | -€799 | -100% |
| Cash at bank and in hand | 54/58 | €123,213 | €147,624 | +€24,410 | +19.8% |
| Total equity and liabilities | 10/49 | €135,631 | €163,327 | +€27,695 | +20.4% |
| Equity | 10/15 | €130,757 | €154,357 | +€23,600 | +18.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €112,165 | €135,765 | +€23,600 | +21.0% |
| Distributable reserves | 133 | €112,165 | €135,765 | +€23,600 | +21.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,874 | €8,970 | +€4,095 | +84.0% |
| Amounts payable within one year | 42/48 | €4,874 | €8,970 | +€4,095 | +84.0% |
| Trade debts | 44 | €0 | €193 | +€193 | |
| Suppliers | 440/4 | €0 | €193 | +€193 | |
| Taxes, remuneration and social security | 45 | €3,176 | €6,350 | +€3,174 | +99.9% |
| Taxes | 450/3 | €3,176 | €6,350 | +€3,174 | +99.9% |
| Other amounts payable | 47/48 | €1,699 | €2,427 | +€729 | +42.9% |
| Turnover | 70 | €68,779 | - | -€68,779 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €47,650 | - | -€47,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,771 | €1,697 | -€74 | -4.2% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €23,572 | €36,575 | +€13,003 | +55.2% |
| Operating profit (loss) | 9901 | €21,352 | €34,416 | +€13,064 | +61.2% |
| Financial income | 75/76B | €706 | €747 | +€41 | +5.8% |
| Recurring financial income | 75 | €706 | €747 | +€41 | +5.8% |
| Financial charges | 65/66B | €186 | €194 | +€8 | +4.2% |
| Recurring financial charges | 65 | €186 | €194 | +€8 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €21,872 | €34,970 | +€13,098 | +59.9% |
| Income taxes | 67/77 | €6,230 | €11,370 | +€5,140 | +82.5% |
| Profit (loss) for the period | 9904 | €15,642 | €23,600 | +€7,958 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,642 | €23,600 | +€7,958 | +50.9% |
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 14 October 2026 via checked.be.