D.L.H.: 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.L.H.
Largest movements
- Intangible fixed assets +€188,551
up €188,551 (+38.1%), from €494,820 to €683,371
- Stocks and contracts -€170,521
down €170,521 (-41.4%), from €412,321 to €241,800
- Financial fixed assets +€124,500
up €124,500 (+33.1%), from €375,891 to €500,391
- Receivables within one year -€50,984
down €50,984 (-14.2%), from €359,497 to €308,514
of which Trade receivables: -€53,343
- Deferred charges and accrued income -€47,330
down €47,330 (-83.0%), from €57,010 to €9,679
- Contributions +€500,000
up €500,000 (+228.7%), from €218,600 to €718,600
- Profit (loss) carried forward -€481,807
down €481,807, from €11,978 to -€469,830
- Debts after one year -€193,051
down €193,051 (-50.2%), from €384,508 to €191,457
- Other debts +€109,169
up €109,169 (+29.6%), from €368,746 to €477,916
- Tax, wage and social debts +€64,285
up €64,285 (+29.5%), from €217,774 to €282,059
of which Taxes: +€95,255
- Gross operating margin -€470,303
down €470,303, from €431,114 to -€39,189
- Staff costs -€53,170
down €53,170 (-19.0%), from €280,562 to €227,392
- Depreciation +€44,781
up €44,781 (+46.9%), from €95,550 to €140,330
- Financial charges +€21,575
up €21,575 (+58.1%), from €37,146 to €58,720
- Other operating charges -€5,599
down €5,599 (-48.7%), from €11,490 to €5,891
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,766,633 | €1,804,982 | +€38,349 | +2.2% |
| Fixed assets | 21/28 | €937,784 | €1,244,989 | +€307,206 | +32.8% |
| Intangible fixed assets | 21 | €494,820 | €683,371 | +€188,551 | +38.1% |
| Tangible fixed assets | 22/27 | €67,073 | €61,227 | -€5,845 | -8.7% |
| Plant, machinery and equipment | 23 | €46,717 | €43,576 | -€3,141 | -6.7% |
| Furniture and vehicles | 24 | €16,965 | €14,924 | -€2,041 | -12.0% |
| Other tangible fixed assets | 26 | €3,391 | €2,727 | -€663 | -19.6% |
| Financial fixed assets | 28 | €375,891 | €500,391 | +€124,500 | +33.1% |
| Current assets | 29/58 | €828,849 | €559,993 | -€268,856 | -32.4% |
| Stocks and contracts in progress | 3 | €412,321 | €241,800 | -€170,521 | -41.4% |
| Stocks | 30/36 | €412,321 | €241,800 | -€170,521 | -41.4% |
| Amounts receivable within one year | 40/41 | €359,497 | €308,514 | -€50,984 | -14.2% |
| Trade receivables | 40 | €322,106 | €268,763 | -€53,343 | -16.6% |
| Other amounts receivable | 41 | €37,391 | €39,751 | +€2,359 | +6.3% |
| Cash at bank and in hand | 54/58 | €21 | €0 | -€21 | -100.0% |
| Deferred charges and accrued income | 490/1 | €57,010 | €9,679 | -€47,330 | -83.0% |
| Total equity and liabilities | 10/49 | €1,766,633 | €1,804,982 | +€38,349 | +2.2% |
| Equity | 10/15 | €319,649 | €337,842 | +€18,193 | +5.7% |
| Contributions | 10/11 | €218,600 | €718,600 | +€500,000 | +228.7% |
| Reserves | 13 | €89,071 | €89,071 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €87,211 | €87,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,978 | -€469,830 | -€481,807 | |
| Amounts payable | 17/49 | €1,446,984 | €1,467,141 | +€20,157 | +1.4% |
| Amounts payable after more than one year | 17 | €384,508 | €191,457 | -€193,051 | -50.2% |
| Financial debts | 170/4 | €384,508 | €191,457 | -€193,051 | -50.2% |
| Amounts payable within one year | 42/48 | €1,062,476 | €1,275,684 | +€213,208 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | - | €15,472 | +€15,472 | |
| Financial debts | 43 | - | €39,878 | +€39,878 | |
| Credit institutions | 430/8 | - | €39,878 | +€39,878 | |
| Trade debts | 44 | €475,955 | €459,394 | -€16,562 | -3.5% |
| Suppliers | 440/4 | €475,955 | €459,394 | -€16,562 | -3.5% |
| Advances received on contracts in progress | 46 | - | €966 | +€966 | |
| Taxes, remuneration and social security | 45 | €217,774 | €282,059 | +€64,285 | +29.5% |
| Taxes | 450/3 | €173,333 | €268,588 | +€95,255 | +55.0% |
| Remuneration and social security | 454/9 | €44,441 | €13,471 | -€30,971 | -69.7% |
| Other amounts payable | 47/48 | €368,746 | €477,916 | +€109,169 | +29.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €300,000 | €300,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €280,562 | €227,392 | -€53,170 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,550 | €140,330 | +€44,781 | +46.9% |
| Other operating charges | 640/8 | €11,490 | €5,891 | -€5,599 | -48.7% |
| Non-recurring operating charges | 66A | €120 | €4,680 | +€4,560 | +3810.7% |
| Gross operating margin | 9900 | €431,114 | -€39,189 | -€470,303 | |
| Operating profit (loss) | 9901 | €43,393 | -€417,481 | -€460,874 | |
| Financial income | 75/76B | €74 | €31 | -€43 | -57.9% |
| Recurring financial income | 75 | €74 | €31 | -€43 | -57.9% |
| Financial charges | 65/66B | €37,146 | €58,720 | +€21,575 | +58.1% |
| Recurring financial charges | 65 | €37,146 | €58,720 | +€21,575 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | €6,322 | -€476,170 | -€482,492 | |
| Income taxes | 67/77 | €10,707 | €5,637 | -€5,069 | -47.3% |
| Profit (loss) for the period | 9904 | -€4,385 | -€481,807 | -€477,423 | -10888.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,385 | -€481,807 | -€477,423 | -10888.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.