DH Marketing: 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 Marketing
Largest movements
- Tangible fixed assets -€15,398
down €15,398 (-22.7%), from €67,895 to €52,497
of which Furniture and vehicles: -€15,525
- Cash -€13,224
down €13,224 (-26.5%), from €49,834 to €36,610
mainly Net result for the year (-€18,801) and Debts after one year (-€11,275)
- Receivables within one year -€4,334
down €4,334 (-37.5%), from €11,564 to €7,231
of which Trade receivables: -€3,953
- Stocks and contracts +€4,200
up €4,200 (+516%), from €813 to €5,013
- Profit (loss) carried forward -€18,801
down €18,801 (-49.7%), from €37,852 to €19,051
- Debts after one year -€11,275
down €11,275 (-21.5%), from €52,470 to €41,195
- Trade debts +€7,966
up €7,966 (+91.8%), from €8,677 to €16,642
- Tax, wage and social debts -€4,312
down €4,312 (-26.1%), from €16,541 to €12,229
of which Taxes: -€5,362
- Other debts -€2,829
down €2,829 (-74.3%), from €3,809 to €980
- Gross operating margin -€25,090
down €25,090 (-98.0%), from €25,612 to €521
- Taxes -€1,345
down €1,345 (-83.1%), from €1,619 to €274
- Depreciation -€904
down €904 (-5.2%), from €17,431 to €16,528
- Financial charges +€401
up €401 (+16.9%), from €2,366 to €2,767
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 | €131,159 | €102,372 | -€28,787 | -21.9% |
| Fixed assets | 21/28 | €67,895 | €52,497 | -€15,398 | -22.7% |
| Tangible fixed assets | 22/27 | €67,895 | €52,497 | -€15,398 | -22.7% |
| Plant, machinery and equipment | 23 | €1,300 | €1,427 | +€127 | +9.8% |
| Furniture and vehicles | 24 | €66,595 | €51,070 | -€15,525 | -23.3% |
| Current assets | 29/58 | €63,265 | €49,875 | -€13,390 | -21.2% |
| Stocks and contracts in progress | 3 | €813 | €5,013 | +€4,200 | +516% |
| Stocks | 30/36 | €813 | €5,013 | +€4,200 | +516% |
| Amounts receivable within one year | 40/41 | €11,564 | €7,231 | -€4,334 | -37.5% |
| Trade receivables | 40 | €5,649 | €1,696 | -€3,953 | -70.0% |
| Other amounts receivable | 41 | €5,915 | €5,534 | -€381 | -6.4% |
| Cash at bank and in hand | 54/58 | €49,834 | €36,610 | -€13,224 | -26.5% |
| Deferred charges and accrued income | 490/1 | €1,054 | €1,022 | -€32 | -3.0% |
| Total equity and liabilities | 10/49 | €131,159 | €102,372 | -€28,787 | -21.9% |
| Equity | 10/15 | €38,852 | €20,051 | -€18,801 | -48.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,852 | €19,051 | -€18,801 | -49.7% |
| Amounts payable | 17/49 | €92,307 | €82,321 | -€9,986 | -10.8% |
| Amounts payable after more than one year | 17 | €52,470 | €41,195 | -€11,275 | -21.5% |
| Financial debts | 170/4 | €52,470 | €41,195 | -€11,275 | -21.5% |
| Amounts payable within one year | 42/48 | €39,837 | €41,126 | +€1,289 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €10,811 | €11,275 | +€464 | +4.3% |
| Trade debts | 44 | €8,677 | €16,642 | +€7,966 | +91.8% |
| Suppliers | 440/4 | €8,677 | €16,642 | +€7,966 | +91.8% |
| Taxes, remuneration and social security | 45 | €16,541 | €12,229 | -€4,312 | -26.1% |
| Taxes | 450/3 | €16,541 | €11,179 | -€5,362 | -32.4% |
| Remuneration and social security | 454/9 | - | €1,050 | +€1,050 | |
| Other amounts payable | 47/48 | €3,809 | €980 | -€2,829 | -74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,431 | €16,528 | -€904 | -5.2% |
| Other operating charges | 640/8 | €2 | - | -€2 | |
| Gross operating margin | 9900 | €25,612 | €521 | -€25,090 | -98.0% |
| Operating profit (loss) | 9901 | €8,179 | -€16,006 | -€24,185 | |
| Financial income | 75/76B | €0 | €246 | +€246 | +72,271% |
| Recurring financial income | 75 | €0 | €246 | +€246 | +72,271% |
| Financial charges | 65/66B | €2,366 | €2,767 | +€401 | +16.9% |
| Recurring financial charges | 65 | €2,366 | €2,767 | +€401 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €5,813 | -€18,527 | -€24,340 | |
| Income taxes | 67/77 | €1,619 | €274 | -€1,345 | -83.1% |
| Profit (loss) for the period | 9904 | €4,194 | -€18,801 | -€22,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,194 | -€18,801 | -€22,995 |
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.