D.H. TRADING: 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. TRADING
Largest movements
- Current investments +€25,000
new in 2025: €25,000
- Tangible fixed assets +€5,103
up €5,103 (+3.6%), from €141,885 to €146,988
of which Plant, machinery and equipment: +€7,503
- Cash -€2,439
down €2,439 (-8.5%), from €28,799 to €26,360
mainly Current investments (-€25,000) and Investment in fixed assets (net) (-€8,336)
- Reserves +€25,405
up €25,405 (+15.8%), from €160,931 to €186,335
- Other operating charges -€1,989
down €1,989 (-32.2%), from €6,176 to €4,186
- Gross operating margin +€1,627
up €1,627 (+3.8%), from €42,403 to €44,030
- Taxes +€1,307
up €1,307 (+12.3%), from €10,587 to €11,894
- Write-downs -€473
new in 2025: -€473
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 | €195,134 | €222,542 | +€27,408 | +14.0% |
| Fixed assets | 21/28 | €141,885 | €146,988 | +€5,103 | +3.6% |
| Tangible fixed assets | 22/27 | €141,885 | €146,988 | +€5,103 | +3.6% |
| Land and buildings | 22 | €141,698 | €139,441 | -€2,256 | -1.6% |
| Plant, machinery and equipment | 23 | €43 | €7,546 | +€7,503 | +17,560% |
| Furniture and vehicles | 24 | €145 | €0 | -€145 | -100% |
| Current assets | 29/58 | €53,249 | €75,554 | +€22,305 | +41.9% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €174 | €0 | -€174 | -100% |
| Stocks | 30/36 | €174 | €0 | -€174 | -100% |
| Amounts receivable within one year | 40/41 | €4,276 | €3,906 | -€370 | -8.7% |
| Trade receivables | 40 | €4,276 | €3,641 | -€636 | -14.9% |
| Other amounts receivable | 41 | €0 | €266 | +€266 | |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €28,799 | €26,360 | -€2,439 | -8.5% |
| Deferred charges and accrued income | 490/1 | - | €288 | +€288 | |
| Total equity and liabilities | 10/49 | €195,134 | €222,542 | +€27,408 | +14.0% |
| Equity | 10/15 | €192,031 | €217,435 | +€25,405 | +13.2% |
| Contributions | 10/11 | €31,100 | €31,100 | = | 0.0% |
| Reserves | 13 | €160,931 | €186,335 | +€25,405 | +15.8% |
| Distributable reserves | 133 | €160,931 | €186,335 | +€25,405 | +15.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,103 | €5,106 | +€2,003 | +64.6% |
| Amounts payable within one year | 42/48 | €3,103 | €5,106 | +€2,003 | +64.6% |
| Trade debts | 44 | €505 | €1,314 | +€809 | +160% |
| Suppliers | 440/4 | €505 | €1,314 | +€809 | +160% |
| Advances received on contracts in progress | 46 | - | €301 | +€301 | |
| Taxes, remuneration and social security | 45 | €1,670 | €2,894 | +€1,224 | +73.3% |
| Taxes | 450/3 | €1,670 | €2,894 | +€1,224 | +73.3% |
| Other amounts payable | 47/48 | €928 | €597 | -€331 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,828 | €3,233 | +€405 | +14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€473 | -€473 | |
| Other operating charges | 640/8 | €6,176 | €4,186 | -€1,989 | -32.2% |
| Non-recurring operating charges | 66A | €157 | €0 | -€157 | -100% |
| Gross operating margin | 9900 | €42,403 | €44,030 | +€1,627 | +3.8% |
| Operating profit (loss) | 9901 | €33,243 | €37,083 | +€3,840 | +11.6% |
| Financial income | 75/76B | €288 | €288 | -€0 | 0.0% |
| Recurring financial income | 75 | €288 | €288 | -€0 | 0.0% |
| Financial charges | 65/66B | €149 | €72 | -€77 | -51.8% |
| Recurring financial charges | 65 | €149 | €72 | -€77 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €33,382 | €37,299 | +€3,917 | +11.7% |
| Income taxes | 67/77 | €10,587 | €11,894 | +€1,307 | +12.3% |
| Profit (loss) for the period | 9904 | €22,795 | €25,405 | +€2,610 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,795 | €25,405 | +€2,610 | +11.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.