DCH INVEST: 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.
DCH INVEST
Largest movements
- Receivables after one year +€37,500
new in 2025: €37,500
- Debts after one year +€56,080
up €56,080 (+18.4%), from €304,492 to €360,573
- Trade debts -€33,420
down €33,420 (-93.7%), from €35,672 to €2,252
- Reserves +€23,078
up €23,078 (+1.3%), from €1.7m to €1.8m
of which Distributable reserves: +€23,078
- Gross operating margin -€22,605
down €22,605 (-31.1%), from €72,683 to €50,078
- Financial charges -€5,549
down €5,549 (-26.8%), from €20,718 to €15,169
- Taxes -€5,437
down €5,437 (-33.5%), from €16,207 to €10,770
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 | €2,235,599 | €2,295,639 | +€60,041 | +2.7% |
| Fixed assets | 21/28 | €2,217,145 | €2,217,145 | = | 0.0% |
| Tangible fixed assets | 22/27 | €407,145 | €407,145 | = | 0.0% |
| Land and buildings | 22 | €407,145 | €407,145 | = | 0.0% |
| Financial fixed assets | 28 | €1,810,000 | €1,810,000 | = | 0.0% |
| Current assets | 29/58 | €18,454 | €78,494 | +€60,041 | +325% |
| Amounts receivable after more than one year | 29 | - | €37,500 | +€37,500 | |
| Other amounts receivable | 291 | - | €37,500 | +€37,500 | |
| Amounts receivable within one year | 40/41 | €8,793 | €23,023 | +€14,230 | +162% |
| Other amounts receivable | 41 | €8,793 | €23,023 | +€14,230 | +162% |
| Cash at bank and in hand | 54/58 | €9,661 | €17,971 | +€8,310 | +86.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,235,599 | €2,295,639 | +€60,041 | +2.7% |
| Equity | 10/15 | €1,792,918 | €1,815,997 | +€23,078 | +1.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,730,918 | €1,753,997 | +€23,078 | +1.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,724,718 | €1,747,797 | +€23,078 | +1.3% |
| Amounts payable | 17/49 | €442,680 | €479,643 | +€36,962 | +8.3% |
| Amounts payable after more than one year | 17 | €304,492 | €360,573 | +€56,080 | +18.4% |
| Financial debts | 170/4 | €304,492 | €360,573 | +€56,080 | +18.4% |
| Amounts payable within one year | 42/48 | €75,470 | €42,360 | -€33,110 | -43.9% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €26,784 | +€1,784 | +7.1% |
| Trade debts | 44 | €35,672 | €2,252 | -€33,420 | -93.7% |
| Suppliers | 440/4 | €35,672 | €2,252 | -€33,420 | -93.7% |
| Taxes, remuneration and social security | 45 | €14,798 | €13,325 | -€1,473 | -10.0% |
| Taxes | 450/3 | €14,798 | €13,325 | -€1,473 | -10.0% |
| Accrued charges and deferred income | 492/3 | €62,718 | €76,710 | +€13,991 | +22.3% |
| Non-recurring operating income | 76A | €18,813 | €0 | -€18,813 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | €72,683 | €50,078 | -€22,605 | -31.1% |
| Operating profit (loss) | 9901 | €71,654 | €49,017 | -€22,636 | -31.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €20,718 | €15,169 | -€5,549 | -26.8% |
| Recurring financial charges | 65 | €20,718 | €15,169 | -€5,549 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €50,935 | €33,848 | -€17,087 | -33.5% |
| Income taxes | 67/77 | €16,207 | €10,770 | -€5,437 | -33.5% |
| Profit (loss) for the period | 9904 | €34,729 | €23,078 | -€11,650 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,729 | €23,078 | -€11,650 | -33.5% |
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 30 October 2026 via checked.be.