D.H.V. Management: 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.V. Management
Largest movements
- Receivables within one year +€32,420
up €32,420 (+9,081%), from €357 to €32,777
of which Trade receivables: +€31,420
- Debts after one year -€31,729
down €31,729 (-3.4%), from €944,427 to €912,698
- Profit (loss) carried forward +€20,443
up €20,443 (+29.7%), from €68,805 to €89,249
- Current portion of long-term debt +€16,756
up €16,756 (+19.5%), from €85,875 to €102,631
- Other operating charges +€34,814
up €34,814 (+287%), from €12,131 to €46,945
- Gross operating margin -€22,485
down €22,485 (-12.3%), from €183,248 to €160,763
- Taxes -€11,770
down €11,770 (-69.6%), from €16,913 to €5,143
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 | €1,243,484 | €1,271,195 | +€27,711 | +2.2% |
| Fixed assets | 21/28 | €1,231,451 | €1,219,774 | -€11,677 | -0.9% |
| Tangible fixed assets | 22/27 | €1,231,451 | €1,219,774 | -€11,677 | -0.9% |
| Land and buildings | 22 | €1,231,451 | €1,158,472 | -€72,979 | -5.9% |
| Furniture and vehicles | 24 | - | €1,836 | +€1,836 | |
| Leasing and similar rights | 25 | - | €59,465 | +€59,465 | |
| Current assets | 29/58 | €12,033 | €51,421 | +€39,388 | +327% |
| Amounts receivable within one year | 40/41 | €357 | €32,777 | +€32,420 | +9,081% |
| Trade receivables | 40 | - | €31,420 | +€31,420 | |
| Other amounts receivable | 41 | €357 | €1,357 | +€1,000 | +280% |
| Cash at bank and in hand | 54/58 | €9,830 | €10,938 | +€1,108 | +11.3% |
| Deferred charges and accrued income | 490/1 | €1,846 | €7,706 | +€5,860 | +317% |
| Total equity and liabilities | 10/49 | €1,243,484 | €1,271,195 | +€27,711 | +2.2% |
| Equity | 10/15 | €68,805 | €89,249 | +€20,443 | +29.7% |
| Profit (loss) carried forward | 14 | €68,805 | €89,249 | +€20,443 | +29.7% |
| Amounts payable | 17/49 | €1,174,678 | €1,181,946 | +€7,268 | +0.6% |
| Amounts payable after more than one year | 17 | €944,427 | €912,698 | -€31,729 | -3.4% |
| Financial debts | 170/4 | €944,427 | €912,698 | -€31,729 | -3.4% |
| Amounts payable within one year | 42/48 | €230,251 | €269,248 | +€38,996 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €85,875 | €102,631 | +€16,756 | +19.5% |
| Trade debts | 44 | €494 | €7,672 | +€7,179 | +1,454% |
| Suppliers | 440/4 | €494 | €7,672 | +€7,179 | +1,454% |
| Taxes, remuneration and social security | 45 | €913 | €11,920 | +€11,007 | +1,206% |
| Taxes | 450/3 | €913 | €7,920 | +€7,007 | +767% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €142,969 | €147,024 | +€4,055 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,608 | €76,003 | +€1,395 | +1.9% |
| Other operating charges | 640/8 | €12,131 | €46,945 | +€34,814 | +287% |
| Gross operating margin | 9900 | €183,248 | €160,763 | -€22,485 | -12.3% |
| Operating profit (loss) | 9901 | €96,509 | €37,815 | -€58,695 | -60.8% |
| Financial charges | 65/66B | €10,791 | €12,229 | +€1,438 | +13.3% |
| Recurring financial charges | 65 | €10,791 | €12,229 | +€1,438 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €85,718 | €25,586 | -€60,132 | -70.2% |
| Income taxes | 67/77 | €16,913 | €5,143 | -€11,770 | -69.6% |
| Profit (loss) for the period | 9904 | €68,805 | €20,443 | -€48,362 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,805 | €20,443 | -€48,362 | -70.3% |
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 19 October 2026 via checked.be.