DH TECH: what changed
DH TECH
Largest movements
- Cash +€33,207
up €33,207 (+49.3%), from €67,303 to €100,510
mainly Net result for the year (+€54,081) and Depreciation (+€12,881)
- Receivables within one year -€11,463
down €11,463 (-8.0%), from €143,339 to €131,875
of which Trade receivables: -€68,612
- Stocks and contracts -€10,345
down €10,345 (-100%), from €10,345 to €0
- Tangible fixed assets -€7,138
down €7,138 (-5.6%), from €126,788 to €119,650
of which Plant, machinery and equipment: -€4,128
- Reserves +€54,081
up €54,081 (+25.0%), from €216,728 to €270,809
of which Distributable reserves: +€54,081
- Trade debts -€21,506
down €21,506 (-87.9%), from €24,471 to €2,965
- Tax, wage and social debts -€12,390
down €12,390 (-59.1%), from €20,949 to €8,558
- Other debts -€10,165
down €10,165 (-100%), from €10,165 to €0
- Debts after one year -€5,868
down €5,868 (-10.3%), from €57,019 to €51,151
- Gross operating margin +€2,818
up €2,818 (+3.4%), from €83,697 to €86,515
- Taxes -€2,029
down €2,029 (-9.9%), from €20,585 to €18,556
- Depreciation +€1,467
up €1,467 (+12.8%), from €11,414 to €12,881
- Financial income +€1,181
up €1,181 (+63.9%), from €1,849 to €3,030
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €347,865 | €352,126 | +€4,260 | +1.2% |
| Fixed assets | 21/28 | €126,879 | €119,741 | -€7,138 | -5.6% |
| Tangible fixed assets | 22/27 | €126,788 | €119,650 | -€7,138 | -5.6% |
| Land and buildings | 22 | €97,870 | €96,957 | -€914 | -0.9% |
| Plant, machinery and equipment | 23 | €18,677 | €14,549 | -€4,128 | -22.1% |
| Furniture and vehicles | 24 | €10,241 | €8,145 | -€2,097 | -20.5% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €220,986 | €232,385 | +€11,399 | +5.2% |
| Stocks and contracts in progress | 3 | €10,345 | €0 | -€10,345 | -100% |
| Stocks | 30/36 | €10,345 | €0 | -€10,345 | -100% |
| Amounts receivable within one year | 40/41 | €143,339 | €131,875 | -€11,463 | -8.0% |
| Trade receivables | 40 | €143,229 | €74,616 | -€68,612 | -47.9% |
| Other amounts receivable | 41 | €110 | €57,259 | +€57,149 | +51,954% |
| Cash at bank and in hand | 54/58 | €67,303 | €100,510 | +€33,207 | +49.3% |
| Total equity and liabilities | 10/49 | €347,865 | €352,126 | +€4,260 | +1.2% |
| Equity | 10/15 | €227,928 | €282,009 | +€54,081 | +23.7% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €216,728 | €270,809 | +€54,081 | +25.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €216,728 | €270,809 | +€54,081 | +25.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €119,937 | €70,117 | -€49,820 | -41.5% |
| Amounts payable after more than one year | 17 | €57,019 | €51,151 | -€5,868 | -10.3% |
| Financial debts | 170/4 | €57,019 | €51,151 | -€5,868 | -10.3% |
| Amounts payable within one year | 42/48 | €61,818 | €17,876 | -€43,943 | -71.1% |
| Current portion of amounts payable after more than one year | 42 | €6,234 | €6,353 | +€119 | +1.9% |
| Trade debts | 44 | €24,471 | €2,965 | -€21,506 | -87.9% |
| Suppliers | 440/4 | €24,471 | €2,965 | -€21,506 | -87.9% |
| Taxes, remuneration and social security | 45 | €20,949 | €8,558 | -€12,390 | -59.1% |
| Taxes | 450/3 | €20,949 | €8,558 | -€12,390 | -59.1% |
| Other amounts payable | 47/48 | €10,165 | €0 | -€10,165 | -100% |
| Accrued charges and deferred income | 492/3 | €1,099 | €1,090 | -€9 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,414 | €12,881 | +€1,467 | +12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €295 | €0 | -€295 | -100% |
| Other operating charges | 640/8 | €1,890 | €2,507 | +€616 | +32.6% |
| Gross operating margin | 9900 | €83,697 | €86,515 | +€2,818 | +3.4% |
| Operating profit (loss) | 9901 | €70,097 | €71,127 | +€1,030 | +1.5% |
| Financial income | 75/76B | €1,849 | €3,030 | +€1,181 | +63.9% |
| Recurring financial income | 75 | €1,849 | €3,030 | +€1,181 | +63.9% |
| Financial charges | 65/66B | €1,422 | €1,520 | +€98 | +6.9% |
| Recurring financial charges | 65 | €1,422 | €1,520 | +€98 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €70,524 | €72,637 | +€2,113 | +3.0% |
| Income taxes | 67/77 | €20,585 | €18,556 | -€2,029 | -9.9% |
| Profit (loss) for the period | 9904 | €49,939 | €54,081 | +€4,141 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,939 | €54,081 | +€4,141 | +8.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.