DH Project: 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 Project
Largest movements
- Receivables after one year +€4,850
new in 2025: €4,850
- Cash -€709
down €709 (-4.3%), from €16,367 to €15,658
mainly Trade debts (-€5,562) and Receivables after one year (-€4,850)
- Reserves +€11,764
up €11,764 (+36.4%), from €32,279 to €44,043
- Trade debts -€5,562
down €5,562 (-70.4%), from €7,903 to €2,340
- Tax, wage and social debts -€2,190
down €2,190 (-23.9%), from €9,172 to €6,981
- Gross operating margin -€8,598
down €8,598 (-30.0%), from €28,648 to €20,051
- Financial charges +€825
up €825 (+225.1%), from €366 to €1,191
- Financial income +€665
up €665 (+103.4%), from €644 to €1,309
- Taxes +€662
up €662 (+10.5%), from €6,319 to €6,981
- Other operating charges +€557
up €557 (+98.3%), from €566 to €1,123
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 | €52,354 | €56,365 | +€4,011 | +7.7% |
| Fixed assets | 21/28 | €1,405 | €1,105 | -€300 | -21.4% |
| Tangible fixed assets | 22/27 | €1,405 | €1,105 | -€300 | -21.4% |
| Plant, machinery and equipment | 23 | €1,405 | €1,105 | -€300 | -21.4% |
| Current assets | 29/58 | €50,949 | €55,260 | +€4,312 | +8.5% |
| Amounts receivable after more than one year | 29 | - | €4,850 | +€4,850 | |
| Trade receivables | 290 | - | €4,850 | +€4,850 | |
| Amounts receivable within one year | 40/41 | €34,582 | €34,728 | +€147 | +0.4% |
| Trade receivables | 40 | €15,816 | €1,059 | -€14,757 | -93.3% |
| Other amounts receivable | 41 | €18,766 | €33,669 | +€14,904 | +79.4% |
| Cash at bank and in hand | 54/58 | €16,367 | €15,658 | -€709 | -4.3% |
| Deferred charges and accrued income | 490/1 | - | €24 | +€24 | |
| Total equity and liabilities | 10/49 | €52,354 | €56,365 | +€4,011 | +7.7% |
| Equity | 10/15 | €35,279 | €47,043 | +€11,764 | +33.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,279 | €44,043 | +€11,764 | +36.4% |
| Distributable reserves | 133 | €32,279 | €44,043 | +€11,764 | +36.4% |
| Amounts payable | 17/49 | €17,074 | €9,322 | -€7,753 | -45.4% |
| Amounts payable within one year | 42/48 | €17,074 | €9,322 | -€7,753 | -45.4% |
| Trade debts | 44 | €7,903 | €2,340 | -€5,562 | -70.4% |
| Suppliers | 440/4 | €7,903 | €2,340 | -€5,562 | -70.4% |
| Taxes, remuneration and social security | 45 | €9,172 | €6,981 | -€2,190 | -23.9% |
| Taxes | 450/3 | €9,172 | €6,981 | -€2,190 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €300 | -€107 | -26.2% |
| Other operating charges | 640/8 | €566 | €1,123 | +€557 | +98.3% |
| Gross operating margin | 9900 | €28,648 | €20,051 | -€8,598 | -30.0% |
| Operating profit (loss) | 9901 | €27,675 | €18,627 | -€9,048 | -32.7% |
| Financial income | 75/76B | €644 | €1,309 | +€665 | +103.4% |
| Recurring financial income | 75 | €644 | €1,309 | +€665 | +103.4% |
| Financial charges | 65/66B | €366 | €1,191 | +€825 | +225.1% |
| Recurring financial charges | 65 | €366 | €1,191 | +€825 | +225.1% |
| Profit (loss) for the period before taxes | 9903 | €27,952 | €18,745 | -€9,207 | -32.9% |
| Income taxes | 67/77 | €6,319 | €6,981 | +€662 | +10.5% |
| Profit (loss) for the period | 9904 | €21,633 | €11,764 | -€9,869 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,633 | €11,764 | -€9,869 | -45.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.