DAHCOM: 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.
DAHCOM
Largest movements
- Tangible fixed assets -€87,752
down €87,752 (-14.6%), from €602,752 to €515,000
- Cash +€74,075
up €74,075 (+43.1%), from €172,026 to €246,101
mainly Net result for the year (+€246,850) and Depreciation (+€139,913)
- Receivables within one year +€71,158
up €71,158 (+7.8%), from €909,270 to €980,428
of which Trade receivables: +€64,045
- Deferred charges and accrued income -€62,627
down €62,627 (-55.1%), from €113,637 to €51,010
- Intangible fixed assets -€28,534
down €28,534 (-100%), from €28,534 to €0
- Reserves +€246,850
up €246,850 (+83.2%), from €296,636 to €543,486
- Trade debts -€102,313
down €102,313 (-14.8%), from €691,443 to €589,130
- Short-term financial debts -€67,102
down €67,102 (-44.0%), from €152,497 to €85,395
- Other debts -€45,010
no longer reported in 2025 (was €45,010)
- Debts after one year -€34,327
down €34,327 (-11.6%), from €295,519 to €261,192
- Gross operating margin +€378,233
up €378,233 (+41.1%), from €920,996 to €1.3m
- Taxes +€92,828
up €92,828 (+376%), from €24,656 to €117,484
- Staff costs +€64,963
up €64,963 (+9.2%), from €703,828 to €768,791
- Depreciation +€29,252
up €29,252 (+26.4%), from €110,661 to €139,913
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 | €1,830,887 | €1,793,511 | -€37,376 | -2.0% |
| Fixed assets | 21/28 | €631,741 | €515,455 | -€116,286 | -18.4% |
| Intangible fixed assets | 21 | €28,534 | €0 | -€28,534 | -100% |
| Tangible fixed assets | 22/27 | €602,752 | €515,000 | -€87,752 | -14.6% |
| Land and buildings | 22 | €446,201 | €426,423 | -€19,778 | -4.4% |
| Plant, machinery and equipment | 23 | €29,348 | €26,906 | -€2,442 | -8.3% |
| Furniture and vehicles | 24 | €76,273 | €35,222 | -€41,051 | -53.8% |
| Leasing and similar rights | 25 | €50,930 | €26,450 | -€24,480 | -48.1% |
| Financial fixed assets | 28 | €455 | €455 | = | 0.0% |
| Current assets | 29/58 | €1,199,146 | €1,278,056 | +€78,910 | +6.6% |
| Stocks and contracts in progress | 3 | €4,213 | €516 | -€3,697 | -87.8% |
| Stocks | 30/36 | €4,213 | €516 | -€3,697 | -87.8% |
| Amounts receivable within one year | 40/41 | €909,270 | €980,428 | +€71,158 | +7.8% |
| Trade receivables | 40 | €719,779 | €783,824 | +€64,045 | +8.9% |
| Other amounts receivable | 41 | €189,491 | €196,605 | +€7,114 | +3.8% |
| Cash at bank and in hand | 54/58 | €172,026 | €246,101 | +€74,075 | +43.1% |
| Deferred charges and accrued income | 490/1 | €113,637 | €51,010 | -€62,627 | -55.1% |
| Total equity and liabilities | 10/49 | €1,830,887 | €1,793,511 | -€37,376 | -2.0% |
| Equity | 10/15 | €580,412 | €827,262 | +€246,850 | +42.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €296,636 | €543,486 | +€246,850 | +83.2% |
| Distributable reserves | 133 | €296,636 | €543,486 | +€246,850 | +83.2% |
| Profit (loss) carried forward | 14 | €258,776 | €258,776 | +€0 | 0.0% |
| Amounts payable | 17/49 | €1,250,475 | €966,249 | -€284,226 | -22.7% |
| Amounts payable after more than one year | 17 | €295,519 | €261,192 | -€34,327 | -11.6% |
| Financial debts | 170/4 | €295,519 | €261,192 | -€34,327 | -11.6% |
| Amounts payable within one year | 42/48 | €954,474 | €705,057 | -€249,417 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €19,972 | €5,980 | -€13,992 | -70.1% |
| Financial debts | 43 | €152,497 | €85,395 | -€67,102 | -44.0% |
| Credit institutions | 430/8 | €152,497 | €85,395 | -€67,102 | -44.0% |
| Trade debts | 44 | €691,443 | €589,130 | -€102,313 | -14.8% |
| Suppliers | 440/4 | €691,443 | €589,130 | -€102,313 | -14.8% |
| Taxes, remuneration and social security | 45 | €45,552 | €24,552 | -€21,000 | -46.1% |
| Taxes | 450/3 | €19,290 | - | -€19,290 | |
| Remuneration and social security | 454/9 | €26,262 | €24,552 | -€1,710 | -6.5% |
| Other amounts payable | 47/48 | €45,010 | - | -€45,010 | |
| Accrued charges and deferred income | 492/3 | €482 | - | -€482 | |
| Remuneration, social security and pensions | 62 | €703,828 | €768,791 | +€64,963 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,661 | €139,913 | +€29,252 | +26.4% |
| Other operating charges | 640/8 | €11,651 | €11,047 | -€604 | -5.2% |
| Gross operating margin | 9900 | €920,996 | €1,299,229 | +€378,233 | +41.1% |
| Operating profit (loss) | 9901 | €94,856 | €379,478 | +€284,622 | +300% |
| Financial income | 75/76B | €1,019 | €7,299 | +€6,280 | +616% |
| Recurring financial income | 75 | €1,019 | €7,299 | +€6,280 | +616% |
| Financial charges | 65/66B | €26,953 | €22,443 | -€4,510 | -16.7% |
| Recurring financial charges | 65 | €26,953 | €22,443 | -€4,510 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €68,922 | €364,334 | +€295,412 | +429% |
| Income taxes | 67/77 | €24,656 | €117,484 | +€92,828 | +376% |
| Profit (loss) for the period | 9904 | €44,266 | €246,850 | +€202,584 | +458% |
| Profit (loss) for the period to be appropriated | 9905 | €44,266 | €246,850 | +€202,584 | +458% |
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 17 October 2026 via checked.be.