DBH: what changed
What changed
DBH
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€50,475
2024 · €119,320-€68,845
Equity
€17.9m
2024 · €17.8m+€50,475
Cash
€38,449
2024 · €73,473-€35,023
Balance sheet total
€21.1m
2024 · €19.4m+€1.7m
Largest movements
Assets
- Financial fixed assets +€2.0m
up €2.0m (+11.2%), from €17.7m to €19.7m
Equity and liabilities
- Debts after one year +€1.0m
up €1.0m (+1,177%), from €85,119 to €1.1m
- Other debts +€566,544
up €566,544 (+42.8%), from €1.3m to €1.9m
Income statement
- Gross operating margin -€31,885
down €31,885 (-8.8%), from €362,672 to €330,787
- Financial income -€20,739
down €20,739 (-10.5%), from €197,635 to €176,896
- Financial charges +€18,287
up €18,287 (+40.1%), from €45,617 to €63,905
of which Financial charges: +€18,277
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€119,320
Gross operating margin
-€31,885
Staff costs
+€1,828
Other operating charges
-€140
Financial income
-€20,739
Financial charges
-€18,287
Taxes
+€379
Result 2025
€50,475
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€828,159
Investment
-€2.0m
Financing
+€1.1m
Cash 2024
€73,473
From operations (derived)
+€828,159
Net result for the year
+€50,475
Depreciation
+€32,491
Receivables within one year
+€193,282
Deferred charges and accrued income
+€13,554
Smaller working-capital items
-€3,539
Tax, wage and social debts
-€24,647
Other debts
+€566,544
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
+€1.1m
Debts after one year
+€1.0m
Current portion of long-term debt
+€95,991
Short-term financial debts
+€20,100
Cash 2025
€38,449
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,404,128 | €21,110,779 | +€1.7m | +8.8% |
| Fixed assets | 21/28 | €17,772,113 | €19,720,621 | +€1.9m | +11.0% |
| Tangible fixed assets | 22/27 | €97,904 | €65,413 | -€32,491 | -33.2% |
| Furniture and vehicles | 24 | €97,904 | €65,413 | -€32,491 | -33.2% |
| Financial fixed assets | 28 | €17,674,208 | €19,655,208 | +€2.0m | +11.2% |
| Current assets | 29/58 | €1,632,016 | €1,390,157 | -€241,858 | -14.8% |
| Amounts receivable within one year | 40/41 | €1,466,148 | €1,272,867 | -€193,282 | -13.2% |
| Trade receivables | 40 | €8,833 | €7,659 | -€1,174 | -13.3% |
| Other amounts receivable | 41 | €1,457,315 | €1,265,207 | -€192,108 | -13.2% |
| Cash at bank and in hand | 54/58 | €73,473 | €38,449 | -€35,023 | -47.7% |
| Deferred charges and accrued income | 490/1 | €92,395 | €78,841 | -€13,554 | -14.7% |
| Total equity and liabilities | 10/49 | €19,404,128 | €21,110,779 | +€1.7m | +8.8% |
| Equity | 10/15 | €17,807,174 | €17,857,649 | +€50,475 | +0.3% |
| Contributions | 10/11 | €17,422,000 | €17,422,000 | = | 0.0% |
| Capital | 10 | €17,422,000 | €17,422,000 | = | 0.0% |
| Issued capital | 100 | €17,422,000 | €17,422,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €385,174 | €435,649 | +€50,475 | +13.1% |
| Amounts payable | 17/49 | €1,596,955 | €3,253,130 | +€1.7m | +104% |
| Amounts payable after more than one year | 17 | €85,119 | €1,086,846 | +€1.0m | +1,177% |
| Financial debts | 170/4 | €85,119 | €1,086,846 | +€1.0m | +1,177% |
| Amounts payable within one year | 42/48 | €1,471,694 | €2,129,908 | +€658,213 | +44.7% |
| Current portion of amounts payable after more than one year | 42 | €68,979 | €164,970 | +€95,991 | +139% |
| Financial debts | 43 | - | €20,100 | +€20,100 | |
| Credit institutions | 430/8 | - | €20,100 | +€20,100 | |
| Trade debts | 44 | €1,214 | €1,441 | +€226 | +18.6% |
| Suppliers | 440/4 | €1,214 | €1,441 | +€226 | +18.6% |
| Taxes, remuneration and social security | 45 | €77,240 | €52,593 | -€24,647 | -31.9% |
| Taxes | 450/3 | €26,308 | €9,848 | -€16,460 | -62.6% |
| Remuneration and social security | 454/9 | €50,932 | €42,745 | -€8,187 | -16.1% |
| Other amounts payable | 47/48 | €1,324,261 | €1,890,805 | +€566,544 | +42.8% |
| Accrued charges and deferred income | 492/3 | €40,141 | €36,376 | -€3,765 | -9.4% |
| Remuneration, social security and pensions | 62 | €345,348 | €343,520 | -€1,828 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,491 | €32,491 | = | 0.0% |
| Other operating charges | 640/8 | €2,152 | €2,292 | +€140 | +6.5% |
| Gross operating margin | 9900 | €362,672 | €330,787 | -€31,885 | -8.8% |
| Operating profit (loss) | 9901 | -€17,319 | -€47,516 | -€30,197 | -174% |
| Financial income | 75/76B | €197,635 | €176,896 | -€20,739 | -10.5% |
| Recurring financial income | 75 | €197,635 | €176,896 | -€20,739 | -10.5% |
| Financial charges | 65/66B | €45,617 | €63,905 | +€18,287 | +40.1% |
| Recurring financial charges | 65 | €45,564 | €63,841 | +€18,277 | +40.1% |
| Non-recurring financial charges | 66B | €53 | €63 | +€10 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €134,699 | €65,475 | -€69,224 | -51.4% |
| Income taxes | 67/77 | €15,379 | €15,000 | -€379 | -2.5% |
| Profit (loss) for the period | 9904 | €119,320 | €50,475 | -€68,845 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €119,320 | €50,475 | -€68,845 | -57.7% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.