DH LOG: 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 LOG
Largest movements
- Receivables within one year -€404,493
down €404,493 (-60.3%), from €670,578 to €266,085
of which Other amounts receivable: -€318,201
- Cash -€23,428
down €23,428 (-14.5%), from €161,465 to €138,037
mainly Other debts (-€460,116) and Investment in fixed assets (net) (-€36,285)
- Tangible fixed assets +€19,382
up €19,382 (+57.9%), from €33,465 to €52,848
of which Plant, machinery and equipment: +€20,196
- Other debts -€460,116
down €460,116 (-100%), from €460,116 to €0
- Trade debts +€48,761
up €48,761 (+115%), from €42,222 to €90,984
- Profit (loss) carried forward +€20,237
up €20,237 (+22.2%), from €91,165 to €111,402
- Tax, wage and social debts -€15,713
down €15,713 (-15.0%), from €104,873 to €89,160
of which Taxes: -€11,946
- Financial charges -€27,799
down €27,799 (-83.1%), from €33,453 to €5,654
- Staff costs +€25,845
up €25,845 (+4.5%), from €568,320 to €594,165
- Turnover +€22,067
up €22,067 (+2.2%), from €1.0m to €1.0m
- Services and other goods +€18,343
up €18,343 (+4.4%), from €420,804 to €439,146
- Other operating income +€17,328
up €17,328 (+37.5%), from €46,205 to €63,533
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 | €867,125 | €460,295 | -€406,830 | -46.9% |
| Fixed assets | 21/28 | €33,735 | €53,318 | +€19,582 | +58.0% |
| Tangible fixed assets | 22/27 | €33,465 | €52,848 | +€19,382 | +57.9% |
| Plant, machinery and equipment | 23 | €32,415 | €52,611 | +€20,196 | +62.3% |
| Furniture and vehicles | 24 | €1,051 | €237 | -€814 | -77.5% |
| Financial fixed assets | 28 | €270 | €470 | +€200 | +74.1% |
| Other financial fixed assets | 284/8 | €270 | €470 | +€200 | +74.1% |
| Amounts receivable and cash guarantees | 285/8 | €270 | €470 | +€200 | +74.1% |
| Current assets | 29/58 | €833,389 | €406,977 | -€426,412 | -51.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €670,578 | €266,085 | -€404,493 | -60.3% |
| Trade receivables | 40 | €347,627 | €261,334 | -€86,293 | -24.8% |
| Other amounts receivable | 41 | €322,952 | €4,751 | -€318,201 | -98.5% |
| Cash at bank and in hand | 54/58 | €161,465 | €138,037 | -€23,428 | -14.5% |
| Deferred charges and accrued income | 490/1 | €1,346 | €2,855 | +€1,509 | +112% |
| Total equity and liabilities | 10/49 | €867,125 | €460,295 | -€406,830 | -46.9% |
| Equity | 10/15 | €159,915 | €180,152 | +€20,237 | +12.7% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,165 | €111,402 | +€20,237 | +22.2% |
| Provisions and deferred taxes | 16 | €100,000 | €100,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €100,000 | €100,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable | 17/49 | €607,210 | €180,143 | -€427,067 | -70.3% |
| Amounts payable within one year | 42/48 | €607,210 | €180,143 | -€427,067 | -70.3% |
| Trade debts | 44 | €42,222 | €90,984 | +€48,761 | +115% |
| Suppliers | 440/4 | €42,222 | €90,984 | +€48,761 | +115% |
| Taxes, remuneration and social security | 45 | €104,873 | €89,160 | -€15,713 | -15.0% |
| Taxes | 450/3 | €32,202 | €20,257 | -€11,946 | -37.1% |
| Remuneration and social security | 454/9 | €72,670 | €68,903 | -€3,767 | -5.2% |
| Other amounts payable | 47/48 | €460,116 | €0 | -€460,116 | -100% |
| Operating income | 70/76A | €1,047,302 | €1,086,698 | +€39,395 | +3.8% |
| Turnover | 70 | €1,001,097 | €1,023,164 | +€22,067 | +2.2% |
| Other operating income | 74 | €46,205 | €63,533 | +€17,328 | +37.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €999,292 | €1,052,442 | +€53,151 | +5.3% |
| Goods for resale, raw materials and consumables | 60 | €362 | €0 | -€362 | -100% |
| Purchases | 600/8 | €362 | €0 | -€362 | -100% |
| Services and other goods | 61 | €420,804 | €439,146 | +€18,343 | +4.4% |
| Remuneration, social security and pensions | 62 | €568,320 | €594,165 | +€25,845 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,726 | €16,703 | +€6,977 | +71.7% |
| Other operating charges | 640/8 | €80 | €2,429 | +€2,349 | +2,936% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €48,011 | €34,255 | -€13,755 | -28.7% |
| Financial income | 75/76B | €14,461 | €3,428 | -€11,032 | -76.3% |
| Recurring financial income | 75 | €14,461 | €3,428 | -€11,032 | -76.3% |
| Income from current assets | 751 | €14,461 | €3,428 | -€11,032 | -76.3% |
| Financial charges | 65/66B | €33,453 | €5,654 | -€27,799 | -83.1% |
| Recurring financial charges | 65 | €33,453 | €5,654 | -€27,799 | -83.1% |
| Debt charges | 650 | €31,509 | €3,712 | -€27,797 | -88.2% |
| Other financial charges | 652/9 | €1,944 | €1,942 | -€2 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €29,018 | €32,029 | +€3,011 | +10.4% |
| Income taxes | 67/77 | €10,665 | €11,793 | +€1,127 | +10.6% |
| Taxes | 670/3 | €10,665 | €11,793 | +€1,127 | +10.6% |
| Profit (loss) for the period | 9904 | €18,353 | €20,237 | +€1,884 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,353 | €20,237 | +€1,884 | +10.3% |
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 13 October 2026 via checked.be.