DH ELEKTRO: 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.
DH ELEKTRO
Largest movements
- Cash +€129,481
up €129,481 (+47.1%), from €274,688 to €404,168
mainly Net result for the year (+€43,103) and Receivables within one year (+€33,363)
- Receivables within one year -€33,363
down €33,363 (-89.4%), from €37,326 to €3,963
of which Trade receivables: -€31,347
- Tangible fixed assets -€11,132
down €11,132 (-62.8%), from €17,720 to €6,588
- Profit (loss) carried forward +€43,103
up €43,103 (+14.1%), from €305,182 to €348,285
- Trade debts +€32,241
up €32,241 (+2,750%), from €1,172 to €33,414
- Tax, wage and social debts +€5,560
up €5,560 (+79.4%), from €7,000 to €12,560
- Gross operating margin -€10,385
down €10,385 (-15.2%), from €68,181 to €57,795
- Financial income -€3,300
down €3,300 (-36.8%), from €8,957 to €5,657
- Taxes -€2,795
down €2,795 (-21.0%), from €13,312 to €10,517
- Financial charges -€2,266
down €2,266, from €461 to -€1,805
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 | €333,814 | €414,719 | +€80,905 | +24.2% |
| Fixed assets | 21/28 | €17,720 | €6,588 | -€11,132 | -62.8% |
| Tangible fixed assets | 22/27 | €17,720 | €6,588 | -€11,132 | -62.8% |
| Furniture and vehicles | 24 | €17,720 | €6,588 | -€11,132 | -62.8% |
| Current assets | 29/58 | €316,094 | €408,131 | +€92,037 | +29.1% |
| Amounts receivable within one year | 40/41 | €37,326 | €3,963 | -€33,363 | -89.4% |
| Trade receivables | 40 | €31,347 | - | -€31,347 | |
| Other amounts receivable | 41 | €5,978 | €3,963 | -€2,016 | -33.7% |
| Current investments | 50/53 | €4,081 | - | -€4,081 | |
| Cash at bank and in hand | 54/58 | €274,688 | €404,168 | +€129,481 | +47.1% |
| Total equity and liabilities | 10/49 | €333,814 | €414,719 | +€80,905 | +24.2% |
| Equity | 10/15 | €325,642 | €368,745 | +€43,103 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €305,182 | €348,285 | +€43,103 | +14.1% |
| Amounts payable | 17/49 | €8,172 | €45,974 | +€37,802 | +463% |
| Amounts payable within one year | 42/48 | €8,172 | €45,974 | +€37,802 | +463% |
| Trade debts | 44 | €1,172 | €33,414 | +€32,241 | +2,750% |
| Suppliers | 440/4 | €1,172 | €33,414 | +€32,241 | +2,750% |
| Taxes, remuneration and social security | 45 | €7,000 | €12,560 | +€5,560 | +79.4% |
| Taxes | 450/3 | €7,000 | €12,560 | +€5,560 | +79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,132 | €11,132 | = | 0.0% |
| Other operating charges | 640/8 | €496 | €505 | +€10 | +1.9% |
| Gross operating margin | 9900 | €68,181 | €57,795 | -€10,385 | -15.2% |
| Operating profit (loss) | 9901 | €56,553 | €46,158 | -€10,395 | -18.4% |
| Financial income | 75/76B | €8,957 | €5,657 | -€3,300 | -36.8% |
| Recurring financial income | 75 | €8,957 | €5,657 | -€3,300 | -36.8% |
| Financial charges | 65/66B | €461 | -€1,805 | -€2,266 | |
| Recurring financial charges | 65 | €461 | -€1,805 | -€2,266 | |
| Profit (loss) for the period before taxes | 9903 | €65,048 | €53,620 | -€11,429 | -17.6% |
| Income taxes | 67/77 | €13,312 | €10,517 | -€2,795 | -21.0% |
| Profit (loss) for the period | 9904 | €51,737 | €43,103 | -€8,634 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,737 | €43,103 | -€8,634 | -16.7% |
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 27 October 2026 via checked.be.