DAHO: 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.
DAHO
Largest movements
- Current investments +€1.0m
new in 2025: €1.0m
- Tangible fixed assets +€535,390
up €535,390 (+37.5%), from €1.4m to €2.0m
of which Land and buildings: +€520,029
- Receivables within one year -€427,479
down €427,479 (-24.9%), from €1.7m to €1.3m
of which Other amounts receivable: -€403,339
- Other debts +€1.1m
up €1.1m (+23.4%), from €4.6m to €5.7m
- Reserves -€781,983
down €781,983 (-58.0%), from €1.3m to €565,422
- Debts after one year +€485,893
up €485,893 (+76.2%), from €637,665 to €1.1m
- Tax, wage and social debts +€341,847
up €341,847 (+638%), from €53,616 to €395,463
of which Taxes: +€332,514
- Gross operating margin +€275,851
up €275,851 (+26.3%), from €1.0m to €1.3m
- Other operating charges +€69,920
up €69,920 (+602%), from €11,620 to €81,540
- Taxes +€49,713
up €49,713 (+33.5%), from €148,353 to €198,066
- Staff costs +€27,691
up €27,691 (+7.0%), from €394,395 to €422,087
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 | €6,751,200 | €7,913,614 | +€1.2m | +17.2% |
| Fixed assets | 21/28 | €4,968,249 | €5,503,639 | +€535,390 | +10.8% |
| Tangible fixed assets | 22/27 | €1,428,249 | €1,963,639 | +€535,390 | +37.5% |
| Land and buildings | 22 | €1,423,389 | €1,943,418 | +€520,029 | +36.5% |
| Plant, machinery and equipment | 23 | €2,203 | €4,216 | +€2,013 | +91.4% |
| Furniture and vehicles | 24 | €2,657 | €16,005 | +€13,348 | +502% |
| Financial fixed assets | 28 | €3,540,000 | €3,540,000 | = | 0.0% |
| Current assets | 29/58 | €1,782,951 | €2,409,975 | +€627,024 | +35.2% |
| Amounts receivable within one year | 40/41 | €1,719,295 | €1,291,816 | -€427,479 | -24.9% |
| Trade receivables | 40 | €496,530 | €472,390 | -€24,140 | -4.9% |
| Other amounts receivable | 41 | €1,222,765 | €819,426 | -€403,339 | -33.0% |
| Current investments | 50/53 | - | €1,026,110 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €54,221 | €81,013 | +€26,792 | +49.4% |
| Deferred charges and accrued income | 490/1 | €9,435 | €11,036 | +€1,601 | +17.0% |
| Total equity and liabilities | 10/49 | €6,751,200 | €7,913,614 | +€1.2m | +17.2% |
| Equity | 10/15 | €1,366,005 | €584,022 | -€781,983 | -57.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,347,405 | €565,422 | -€781,983 | -58.0% |
| Distributable reserves | 133 | €1,347,405 | €565,422 | -€781,983 | -58.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €5,385,195 | €7,329,593 | +€1.9m | +36.1% |
| Amounts payable after more than one year | 17 | €637,665 | €1,123,559 | +€485,893 | +76.2% |
| Financial debts | 170/4 | €637,665 | €1,123,559 | +€485,893 | +76.2% |
| Amounts payable within one year | 42/48 | €4,747,530 | €6,205,354 | +€1.5m | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €39,190 | €69,253 | +€30,063 | +76.7% |
| Trade debts | 44 | €12,907 | €11,898 | -€1,009 | -7.8% |
| Suppliers | 440/4 | €12,907 | €11,898 | -€1,009 | -7.8% |
| Taxes, remuneration and social security | 45 | €53,616 | €395,463 | +€341,847 | +638% |
| Taxes | 450/3 | €5,146 | €337,660 | +€332,514 | +6,462% |
| Remuneration and social security | 454/9 | €48,470 | €57,803 | +€9,333 | +19.3% |
| Other amounts payable | 47/48 | €4,641,818 | €5,728,740 | +€1.1m | +23.4% |
| Accrued charges and deferred income | 492/3 | - | €680 | +€680 | |
| Remuneration, social security and pensions | 62 | €394,395 | €422,087 | +€27,691 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,895 | €55,055 | +€8,160 | +17.4% |
| Other operating charges | 640/8 | €11,620 | €81,540 | +€69,920 | +602% |
| Gross operating margin | 9900 | €1,047,432 | €1,323,283 | +€275,851 | +26.3% |
| Operating profit (loss) | 9901 | €594,521 | €764,601 | +€170,080 | +28.6% |
| Financial income | 75/76B | - | €278 | +€278 | |
| Recurring financial income | 75 | - | €278 | +€278 | |
| Financial charges | 65/66B | €6,460 | €11,100 | +€4,640 | +71.8% |
| Recurring financial charges | 65 | €6,460 | €11,100 | +€4,640 | +71.8% |
| Profit (loss) for the period before taxes | 9903 | €588,061 | €753,780 | +€165,718 | +28.2% |
| Income taxes | 67/77 | €148,353 | €198,066 | +€49,713 | +33.5% |
| Profit (loss) for the period | 9904 | €439,708 | €555,713 | +€116,005 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €439,708 | €555,713 | +€116,005 | +26.4% |
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 21 October 2026 via checked.be.