D'Hair: 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'Hair
Largest movements
- Cash +€30,945
up €30,945 (+16.4%), from €188,163 to €219,108
mainly Net result for the year (+€39,853) and Depreciation (+€16,191)
- Tangible fixed assets -€13,767
down €13,767 (-21.8%), from €63,151 to €49,384
of which Furniture and vehicles: -€12,070
- Receivables within one year +€10,453
up €10,453 (+607%), from €1,721 to €12,174
of which Other amounts receivable: +€11,569
- Reserves +€38,398
up €38,398 (+20.7%), from €185,496 to €223,895
- Tax, wage and social debts -€12,039
down €12,039 (-40.2%), from €29,919 to €17,881
of which Taxes: -€11,425
- Trade debts +€4,250
new in 2025: €4,250
- Other debts -€3,112
down €3,112 (-16.3%), from €19,112 to €16,000
- Staff costs +€13,105
up €13,105 (+340%), from €3,860 to €16,965
- Gross operating margin -€11,846
down €11,846 (-11.6%), from €101,907 to €90,061
- Other operating charges -€6,574
down €6,574 (-91.7%), from €7,172 to €598
- Depreciation +€4,745
up €4,745 (+41.4%), from €11,447 to €16,191
- Taxes -€4,509
down €4,509 (-21.7%), from €20,740 to €16,232
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 | €257,042 | €284,539 | +€27,497 | +10.7% |
| Fixed assets | 21/28 | €63,151 | €49,384 | -€13,767 | -21.8% |
| Tangible fixed assets | 22/27 | €63,151 | €49,384 | -€13,767 | -21.8% |
| Plant, machinery and equipment | 23 | €405 | €1,930 | +€1,526 | +377% |
| Furniture and vehicles | 24 | €53,282 | €41,212 | -€12,070 | -22.7% |
| Other tangible fixed assets | 26 | €9,465 | €6,242 | -€3,223 | -34.1% |
| Current assets | 29/58 | €193,890 | €235,154 | +€41,264 | +21.3% |
| Stocks and contracts in progress | 3 | €3,150 | €2,830 | -€320 | -10.2% |
| Stocks | 30/36 | €3,150 | €2,830 | -€320 | -10.2% |
| Amounts receivable within one year | 40/41 | €1,721 | €12,174 | +€10,453 | +607% |
| Trade receivables | 40 | €1,269 | €153 | -€1,116 | -87.9% |
| Other amounts receivable | 41 | €452 | €12,021 | +€11,569 | +2,559% |
| Cash at bank and in hand | 54/58 | €188,163 | €219,108 | +€30,945 | +16.4% |
| Deferred charges and accrued income | 490/1 | €856 | €1,042 | +€187 | +21.8% |
| Total equity and liabilities | 10/49 | €257,042 | €284,539 | +€27,497 | +10.7% |
| Equity | 10/15 | €208,010 | €246,409 | +€38,398 | +18.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €185,496 | €223,895 | +€38,398 | +20.7% |
| Distributable reserves | 133 | €185,496 | €223,895 | +€38,398 | +20.7% |
| Profit (loss) carried forward | 14 | €16,314 | €16,314 | = | 0.0% |
| Amounts payable | 17/49 | €49,031 | €38,130 | -€10,901 | -22.2% |
| Amounts payable within one year | 42/48 | €49,031 | €38,130 | -€10,901 | -22.2% |
| Trade debts | 44 | - | €4,250 | +€4,250 | |
| Suppliers | 440/4 | - | €4,250 | +€4,250 | |
| Taxes, remuneration and social security | 45 | €29,919 | €17,881 | -€12,039 | -40.2% |
| Taxes | 450/3 | €26,741 | €15,316 | -€11,425 | -42.7% |
| Remuneration and social security | 454/9 | €3,179 | €2,565 | -€614 | -19.3% |
| Other amounts payable | 47/48 | €19,112 | €16,000 | -€3,112 | -16.3% |
| Remuneration, social security and pensions | 62 | €3,860 | €16,965 | +€13,105 | +340% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,447 | €16,191 | +€4,745 | +41.4% |
| Other operating charges | 640/8 | €7,172 | €598 | -€6,574 | -91.7% |
| Gross operating margin | 9900 | €101,907 | €90,061 | -€11,846 | -11.6% |
| Operating profit (loss) | 9901 | €79,429 | €56,307 | -€23,121 | -29.1% |
| Financial income | 75/76B | €844 | €5 | -€839 | -99.4% |
| Recurring financial income | 75 | €844 | €5 | -€839 | -99.4% |
| Financial charges | 65/66B | €223 | €228 | +€5 | +2.3% |
| Recurring financial charges | 65 | €223 | €228 | +€5 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €80,049 | €56,084 | -€23,965 | -29.9% |
| Income taxes | 67/77 | €20,740 | €16,232 | -€4,509 | -21.7% |
| Profit (loss) for the period | 9904 | €59,309 | €39,853 | -€19,456 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,309 | €39,853 | -€19,456 | -32.8% |
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.