DH Expertise: 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 Expertise
Largest movements
- Receivables within one year +€124,498
up €124,498 (+630%), from €19,756 to €144,254
of which Other amounts receivable: +€99,994
- Cash -€22,829
down €22,829 (-42.2%), from €54,096 to €31,267
mainly Receivables within one year (-€124,498) and Advances received (-€1,083)
- Reserves +€58,120
up €58,120 (+132%), from €44,068 to €102,189
- Trade debts +€23,394
up €23,394 (+731%), from €3,199 to €26,593
- Tax, wage and social debts +€17,561
up €17,561 (+88.0%), from €19,950 to €37,511
- Other debts +€3,677
up €3,677 (+355%), from €1,037 to €4,714
- Gross operating margin +€15,567
up €15,567 (+25.8%), from €60,272 to €75,838
- Taxes +€3,598
up €3,598 (+27.7%), from €13,003 to €16,600
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 | €73,851 | €175,521 | +€101,669 | +138% |
| Current assets | 29/58 | €73,851 | €175,521 | +€101,669 | +138% |
| Amounts receivable within one year | 40/41 | €19,756 | €144,254 | +€124,498 | +630% |
| Trade receivables | 40 | €19,750 | €44,254 | +€24,504 | +124% |
| Other amounts receivable | 41 | €6 | €100,000 | +€99,994 | +1,739,030% |
| Cash at bank and in hand | 54/58 | €54,096 | €31,267 | -€22,829 | -42.2% |
| Total equity and liabilities | 10/49 | €73,851 | €175,521 | +€101,669 | +138% |
| Equity | 10/15 | €48,068 | €106,189 | +€58,120 | +121% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €44,068 | €102,189 | +€58,120 | +132% |
| Distributable reserves | 133 | €44,068 | €102,189 | +€58,120 | +132% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €25,783 | €69,332 | +€43,549 | +169% |
| Amounts payable within one year | 42/48 | €25,783 | €69,332 | +€43,549 | +169% |
| Trade debts | 44 | €3,199 | €26,593 | +€23,394 | +731% |
| Suppliers | 440/4 | €3,199 | €26,593 | +€23,394 | +731% |
| Advances received on contracts in progress | 46 | €1,597 | €514 | -€1,083 | -67.8% |
| Taxes, remuneration and social security | 45 | €19,950 | €37,511 | +€17,561 | +88.0% |
| Taxes | 450/3 | €19,950 | €37,511 | +€17,561 | +88.0% |
| Other amounts payable | 47/48 | €1,037 | €4,714 | +€3,677 | +355% |
| Other operating charges | 640/8 | €442 | €935 | +€493 | +111% |
| Gross operating margin | 9900 | €60,272 | €75,838 | +€15,567 | +25.8% |
| Operating profit (loss) | 9901 | €59,829 | €74,903 | +€15,074 | +25.2% |
| Financial income | 75/76B | - | €58 | +€58 | |
| Recurring financial income | 75 | - | €58 | +€58 | |
| Financial charges | 65/66B | €50 | €240 | +€190 | +382% |
| Recurring financial charges | 65 | €50 | €240 | +€190 | +382% |
| Profit (loss) for the period before taxes | 9903 | €59,779 | €74,721 | +€14,942 | +25.0% |
| Income taxes | 67/77 | €13,003 | €16,600 | +€3,598 | +27.7% |
| Profit (loss) for the period | 9904 | €46,777 | €58,120 | +€11,344 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,777 | €58,120 | +€11,344 | +24.3% |
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.