DH Tegels: 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 Tegels
Largest movements
- Tangible fixed assets -€20,676
down €20,676 (-10.7%), from €193,001 to €172,325
of which Land and buildings: -€14,971
- Receivables within one year -€18,450
no longer reported in 2025 (was €18,450)
of which Other amounts receivable: -€14,805
- Cash +€11,767
up €11,767 (+191%), from €6,156 to €17,923
mainly Depreciation (+€20,676) and Receivables within one year (+€18,450)
- Current portion of long-term debt -€17,500
down €17,500 (-75.0%), from €23,333 to €5,833
- Debts after one year -€5,833
no longer reported in 2025 (was €5,833)
- Other debts -€2,905
down €2,905 (-81.4%), from €3,570 to €665
- Trade debts -€2,824
no longer reported in 2025 (was €2,824)
- Gross operating margin +€13,141
up €13,141 (+105%), from €12,502 to €25,643
- Taxes +€2,299
new in 2025: €2,299
- Staff costs +€1,876
no longer reported in 2025 (was -€1,876)
- Financial charges -€1,021
down €1,021 (-54.5%), from €1,874 to €853
of which Non-recurring financial charges: -€620
- Other operating charges -€909
down €909 (-75.9%), from €1,198 to €289
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 | €218,369 | €190,248 | -€28,121 | -12.9% |
| Fixed assets | 21/28 | €193,001 | €172,325 | -€20,676 | -10.7% |
| Tangible fixed assets | 22/27 | €193,001 | €172,325 | -€20,676 | -10.7% |
| Land and buildings | 22 | €187,296 | €172,325 | -€14,971 | -8.0% |
| Plant, machinery and equipment | 23 | €978 | - | -€978 | |
| Furniture and vehicles | 24 | €4,727 | - | -€4,727 | |
| Current assets | 29/58 | €25,368 | €17,923 | -€7,445 | -29.3% |
| Amounts receivable within one year | 40/41 | €18,450 | - | -€18,450 | |
| Trade receivables | 40 | €3,644 | - | -€3,644 | |
| Other amounts receivable | 41 | €14,805 | - | -€14,805 | |
| Cash at bank and in hand | 54/58 | €6,156 | €17,923 | +€11,767 | +191% |
| Deferred charges and accrued income | 490/1 | €762 | - | -€762 | |
| Total equity and liabilities | 10/49 | €218,369 | €190,248 | -€28,121 | -12.9% |
| Equity | 10/15 | €181,226 | €182,753 | +€1,527 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €210,636 | €212,162 | +€1,526 | +0.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €208,776 | €212,162 | +€3,386 | +1.6% |
| Profit (loss) carried forward | 14 | -€48,009 | -€48,009 | +€0 | 0.0% |
| Amounts payable | 17/49 | €37,143 | €7,495 | -€29,648 | -79.8% |
| Amounts payable after more than one year | 17 | €5,833 | - | -€5,833 | |
| Financial debts | 170/4 | €5,833 | - | -€5,833 | |
| Amounts payable within one year | 42/48 | €31,309 | €7,495 | -€23,814 | -76.1% |
| Current portion of amounts payable after more than one year | 42 | €23,333 | €5,833 | -€17,500 | -75.0% |
| Trade debts | 44 | €2,824 | - | -€2,824 | |
| Suppliers | 440/4 | €2,824 | - | -€2,824 | |
| Taxes, remuneration and social security | 45 | €1,581 | €997 | -€584 | -37.0% |
| Taxes | 450/3 | €1,581 | €997 | -€584 | -37.0% |
| Other amounts payable | 47/48 | €3,570 | €665 | -€2,905 | -81.4% |
| Remuneration, social security and pensions | 62 | -€1,876 | - | +€1,876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,804 | €20,676 | -€128 | -0.6% |
| Other operating charges | 640/8 | €1,198 | €289 | -€909 | -75.9% |
| Gross operating margin | 9900 | €12,502 | €25,643 | +€13,141 | +105% |
| Operating profit (loss) | 9901 | -€7,624 | €4,678 | +€12,302 | |
| Financial income | 75/76B | €160 | - | -€160 | |
| Recurring financial income | 75 | €130 | - | -€130 | |
| Non-recurring financial income | 76B | €30 | - | -€30 | |
| Financial charges | 65/66B | €1,874 | €853 | -€1,021 | -54.5% |
| Recurring financial charges | 65 | €1,255 | €853 | -€402 | -32.0% |
| Non-recurring financial charges | 66B | €620 | - | -€620 | |
| Profit (loss) for the period before taxes | 9903 | -€9,337 | €3,825 | +€13,162 | |
| Income taxes | 67/77 | - | €2,299 | +€2,299 | |
| Profit (loss) for the period | 9904 | -€9,337 | €1,526 | +€10,863 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,337 | €1,526 | +€10,863 |
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 20 October 2026 via checked.be.