DH & CO: 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.
DH & CO
Largest movements
- Cash +€54,525
up €54,525 (+307.2%), from €17,747 to €72,272
mainly Net result for the year (+€35,521) and Depreciation (+€14,022)
- Tangible fixed assets -€11,936
down €11,936 (-26.8%), from €44,524 to €32,588
of which Furniture and vehicles: -€9,314
- Reserves +€35,500
up €35,500 (+29.1%), from €122,160 to €157,660
- Trade debts +€6,235
up €6,235 (+128.9%), from €4,837 to €11,073
- Tax, wage and social debts +€2,165
up €2,165 (+16.7%), from €12,981 to €15,146
- Gross operating margin +€68,965
up €68,965 (+920.7%), from €7,490 to €76,455
- Taxes +€15,691
up €15,691 (+2682.2%), from €585 to €16,276
- Staff costs +€2,770
up €2,770 (+32.6%), from €8,487 to €11,257
- Depreciation -€1,293
down €1,293 (-8.4%), from €15,315 to €14,022
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.
Cash bridge derived
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 | €114,370 | €158,355 | +€43,985 | +38.5% |
| Fixed assets | 21/28 | €45,024 | €33,088 | -€11,936 | -26.5% |
| Tangible fixed assets | 22/27 | €44,524 | €32,588 | -€11,936 | -26.8% |
| Land and buildings | 22 | €12,387 | €11,419 | -€968 | -7.8% |
| Plant, machinery and equipment | 23 | €4,676 | €3,022 | -€1,654 | -35.4% |
| Furniture and vehicles | 24 | €27,461 | €18,147 | -€9,314 | -33.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €69,346 | €125,267 | +€55,921 | +80.6% |
| Amounts receivable within one year | 40/41 | €46,173 | €47,479 | +€1,306 | +2.8% |
| Trade receivables | 40 | €24,593 | €30,540 | +€5,947 | +24.2% |
| Other amounts receivable | 41 | €21,579 | €16,939 | -€4,641 | -21.5% |
| Cash at bank and in hand | 54/58 | €17,747 | €72,272 | +€54,525 | +307.2% |
| Deferred charges and accrued income | 490/1 | €5,426 | €5,516 | +€89 | +1.6% |
| Total equity and liabilities | 10/49 | €114,370 | €158,355 | +€43,985 | +38.5% |
| Equity | 10/15 | €96,447 | €131,968 | +€35,521 | +36.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €122,160 | €157,660 | +€35,500 | +29.1% |
| Distributable reserves | 133 | €122,160 | €157,660 | +€35,500 | +29.1% |
| Profit (loss) carried forward | 14 | -€31,913 | -€31,892 | +€21 | +0.1% |
| Amounts payable | 17/49 | €17,923 | €26,387 | +€8,464 | +47.2% |
| Amounts payable within one year | 42/48 | €17,923 | €26,387 | +€8,464 | +47.2% |
| Trade debts | 44 | €4,837 | €11,073 | +€6,235 | +128.9% |
| Suppliers | 440/4 | €4,837 | €11,073 | +€6,235 | +128.9% |
| Taxes, remuneration and social security | 45 | €12,981 | €15,146 | +€2,165 | +16.7% |
| Taxes | 450/3 | €12,981 | €15,146 | +€2,165 | +16.7% |
| Other amounts payable | 47/48 | €104 | €168 | +€64 | +61.5% |
| Remuneration, social security and pensions | 62 | €8,487 | €11,257 | +€2,770 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,315 | €14,022 | -€1,293 | -8.4% |
| Gross operating margin | 9900 | €7,490 | €76,455 | +€68,965 | +920.7% |
| Operating profit (loss) | 9901 | -€16,312 | €51,176 | +€67,488 | |
| Financial income | 75/76B | €625 | €691 | +€67 | +10.7% |
| Recurring financial income | 75 | €625 | €691 | +€67 | +10.7% |
| Financial charges | 65/66B | €72 | €70 | -€2 | -2.5% |
| Recurring financial charges | 65 | €72 | €70 | -€2 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,759 | €51,797 | +€67,557 | |
| Income taxes | 67/77 | €585 | €16,276 | +€15,691 | +2682.2% |
| Profit (loss) for the period | 9904 | -€16,344 | €35,521 | +€51,866 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,344 | €35,521 | +€51,866 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.