DAH: 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.
DAH
Largest movements
- Receivables within one year -€750,362
down €750,362 (-97.3%), from €770,889 to €20,527
of which Trade receivables: -€423,000
- Receivables after one year +€466,295
new in 2024: €466,295
- Deferred charges and accrued income -€121,948
down €121,948 (-99.1%), from €123,115 to €1,167
- Cash -€38,988
down €38,988 (-49.5%), from €78,760 to €39,772
mainly Receivables after one year (-€466,295) and Trade debts (-€304,407)
- Financial fixed assets +€30,000
up €30,000 (+19.5%), from €153,845 to €183,845
- Debts after one year +€312,742
new in 2024: €312,742
- Trade debts -€304,407
down €304,407 (-95.7%), from €318,122 to €13,716
- Other debts -€300,782
down €300,782 (-78.9%), from €381,419 to €80,637
- Tax, wage and social debts -€132,310
down €132,310 (-28.7%), from €461,545 to €329,236
of which Taxes: -€74,923
- Profit (loss) carried forward +€38,078
up €38,078 (+12.4%), from €308,275 to €346,353
- Staff costs -€132,089
down €132,089 (-20.6%), from €639,937 to €507,848
- Financial charges +€86,492
up €86,492 (+74.7%), from €115,727 to €202,219
- Gross operating margin -€20,096
down €20,096 (-2.2%), from €907,704 to €887,608
- Other operating charges +€19,734
up €19,734 (+165.1%), from €11,951 to €31,685
- Depreciation -€11,601
down €11,601 (-10.7%), from €107,952 to €96,350
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 | €1,568,882 | €1,143,110 | -€425,772 | -27.1% |
| Fixed assets | 21/28 | €583,002 | €593,996 | +€10,993 | +1.9% |
| Intangible fixed assets | 21 | €18,316 | €9,744 | -€8,571 | -46.8% |
| Tangible fixed assets | 22/27 | €410,842 | €400,406 | -€10,435 | -2.5% |
| Plant, machinery and equipment | 23 | €1,441 | €1,098 | -€343 | -23.8% |
| Furniture and vehicles | 24 | €43,569 | €59,399 | +€15,830 | +36.3% |
| Other tangible fixed assets | 26 | €365,832 | €339,910 | -€25,922 | -7.1% |
| Financial fixed assets | 28 | €153,845 | €183,845 | +€30,000 | +19.5% |
| Current assets | 29/58 | €985,880 | €549,115 | -€436,765 | -44.3% |
| Amounts receivable after more than one year | 29 | - | €466,295 | +€466,295 | |
| Other amounts receivable | 291 | - | €466,295 | +€466,295 | |
| Stocks and contracts in progress | 3 | €13,116 | €21,354 | +€8,238 | +62.8% |
| Stocks | 30/36 | €13,116 | €21,354 | +€8,238 | +62.8% |
| Amounts receivable within one year | 40/41 | €770,889 | €20,527 | -€750,362 | -97.3% |
| Trade receivables | 40 | €423,000 | €0 | -€423,000 | -100.0% |
| Other amounts receivable | 41 | €347,889 | €20,527 | -€327,362 | -94.1% |
| Cash at bank and in hand | 54/58 | €78,760 | €39,772 | -€38,988 | -49.5% |
| Deferred charges and accrued income | 490/1 | €123,115 | €1,167 | -€121,948 | -99.1% |
| Total equity and liabilities | 10/49 | €1,568,882 | €1,143,110 | -€425,772 | -27.1% |
| Equity | 10/15 | €377,068 | €406,780 | +€29,712 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €308,275 | €346,353 | +€38,078 | +12.4% |
| Investment grants | 15 | €50,193 | €41,828 | -€8,366 | -16.7% |
| Amounts payable | 17/49 | €1,191,814 | €736,330 | -€455,484 | -38.2% |
| Amounts payable after more than one year | 17 | - | €312,742 | +€312,742 | |
| Other amounts payable | 178/9 | - | €312,742 | +€312,742 | |
| Amounts payable within one year | 42/48 | €1,191,814 | €423,589 | -€768,225 | -64.5% |
| Current portion of amounts payable after more than one year | 42 | €22,883 | €0 | -€22,883 | -100.0% |
| Trade debts | 44 | €318,122 | €13,716 | -€304,407 | -95.7% |
| Suppliers | 440/4 | €318,122 | €13,716 | -€304,407 | -95.7% |
| Advances received on contracts in progress | 46 | €7,845 | €0 | -€7,845 | -100.0% |
| Taxes, remuneration and social security | 45 | €461,545 | €329,236 | -€132,310 | -28.7% |
| Taxes | 450/3 | €180,939 | €106,016 | -€74,923 | -41.4% |
| Remuneration and social security | 454/9 | €280,606 | €223,220 | -€57,387 | -20.5% |
| Other amounts payable | 47/48 | €381,419 | €80,637 | -€300,782 | -78.9% |
| Non-recurring operating income | 76A | - | €30,000 | +€30,000 | |
| Remuneration, social security and pensions | 62 | €639,937 | €507,848 | -€132,089 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,952 | €96,350 | -€11,601 | -10.7% |
| Other operating charges | 640/8 | €11,951 | €31,685 | +€19,734 | +165.1% |
| Gross operating margin | 9900 | €907,704 | €887,608 | -€20,096 | -2.2% |
| Operating profit (loss) | 9901 | €147,864 | €251,724 | +€103,861 | +70.2% |
| Financial income | 75/76B | €8,366 | €14,262 | +€5,896 | +70.5% |
| Recurring financial income | 75 | €8,366 | €14,262 | +€5,896 | +70.5% |
| Financial charges | 65/66B | €115,727 | €202,219 | +€86,492 | +74.7% |
| Recurring financial charges | 65 | €115,727 | €202,219 | +€86,492 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | €40,503 | €63,768 | +€23,265 | +57.4% |
| Income taxes | 67/77 | €16,256 | €25,690 | +€9,434 | +58.0% |
| Profit (loss) for the period | 9904 | €24,247 | €38,078 | +€13,831 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,247 | €38,078 | +€13,831 | +57.0% |
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 29 September 2026 via checked.be.