DH-TRANS: 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-TRANS
Largest movements
- Tangible fixed assets -€384,608
down €384,608 (-48.5%), from €793,720 to €409,112
of which Leasing and similar rights: -€272,451
- Receivables within one year +€175,332
up €175,332 (+46.3%), from €378,468 to €553,800
of which Trade receivables: +€170,418
- Deferred charges and accrued income -€35,883
down €35,883 (-79.0%), from €45,433 to €9,549
- Debts after one year -€247,623
down €247,623 (-44.5%), from €556,419 to €308,796
- Trade debts +€82,256
up €82,256 (+54.6%), from €150,688 to €232,945
- Current portion of long-term debt -€50,068
down €50,068 (-30.4%), from €164,439 to €114,371
- Reserves -€23,334
down €23,334 (-8.3%), from €279,771 to €256,438
- Depreciation -€86,140
down €86,140 (-47.4%), from €181,850 to €95,709
- Gross operating margin -€74,662
down €74,662 (-35.7%), from €209,012 to €134,351
- Other operating charges -€10,936
down €10,936 (-25.3%), from €43,213 to €32,277
- Taxes +€3,304
up €3,304, from €0 to €3,304
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 | €1,220,124 | €979,471 | -€240,653 | -19.7% |
| Fixed assets | 21/28 | €794,935 | €409,652 | -€385,283 | -48.5% |
| Tangible fixed assets | 22/27 | €793,720 | €409,112 | -€384,608 | -48.5% |
| Plant, machinery and equipment | 23 | €32,318 | €0 | -€32,318 | -100.0% |
| Furniture and vehicles | 24 | €88,657 | €8,818 | -€79,839 | -90.1% |
| Leasing and similar rights | 25 | €672,745 | €400,294 | -€272,451 | -40.5% |
| Financial fixed assets | 28 | €1,215 | €540 | -€675 | -55.6% |
| Current assets | 29/58 | €425,189 | €569,819 | +€144,630 | +34.0% |
| Amounts receivable within one year | 40/41 | €378,468 | €553,800 | +€175,332 | +46.3% |
| Trade receivables | 40 | €378,468 | €548,886 | +€170,418 | +45.0% |
| Other amounts receivable | 41 | €0 | €4,914 | +€4,914 | +1489103.0% |
| Cash at bank and in hand | 54/58 | €1,288 | €6,469 | +€5,182 | +402.3% |
| Deferred charges and accrued income | 490/1 | €45,433 | €9,549 | -€35,883 | -79.0% |
| Total equity and liabilities | 10/49 | €1,220,124 | €979,471 | -€240,653 | -19.7% |
| Equity | 10/15 | €309,771 | €286,438 | -€23,334 | -7.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €279,771 | €256,438 | -€23,334 | -8.3% |
| Distributable reserves | 133 | €279,771 | €256,438 | -€23,334 | -8.3% |
| Amounts payable | 17/49 | €910,353 | €693,034 | -€217,319 | -23.9% |
| Amounts payable after more than one year | 17 | €556,419 | €308,796 | -€247,623 | -44.5% |
| Financial debts | 170/4 | €556,419 | €308,796 | -€247,623 | -44.5% |
| Amounts payable within one year | 42/48 | €353,934 | €384,237 | +€30,303 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €164,439 | €114,371 | -€50,068 | -30.4% |
| Trade debts | 44 | €150,688 | €232,945 | +€82,256 | +54.6% |
| Suppliers | 440/4 | €150,688 | €232,945 | +€82,256 | +54.6% |
| Taxes, remuneration and social security | 45 | €2,569 | €654 | -€1,915 | -74.6% |
| Taxes | 450/3 | €2,569 | €654 | -€1,915 | -74.6% |
| Other amounts payable | 47/48 | €36,238 | €36,268 | +€30 | +0.1% |
| Non-recurring operating income | 76A | €10,800 | €113,822 | +€103,022 | +953.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,850 | €95,709 | -€86,140 | -47.4% |
| Other operating charges | 640/8 | €43,213 | €32,277 | -€10,936 | -25.3% |
| Non-recurring operating charges | 66A | - | €809 | +€809 | |
| Gross operating margin | 9900 | €209,012 | €134,351 | -€74,662 | -35.7% |
| Operating profit (loss) | 9901 | -€16,050 | €5,556 | +€21,606 | |
| Financial income | 75/76B | €623 | €0 | -€623 | -100.0% |
| Recurring financial income | 75 | €623 | €0 | -€623 | -100.0% |
| Financial charges | 65/66B | €27,249 | €25,586 | -€1,663 | -6.1% |
| Recurring financial charges | 65 | €27,249 | €25,586 | -€1,663 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€42,676 | -€20,030 | +€22,646 | +53.1% |
| Income taxes | 67/77 | €0 | €3,304 | +€3,304 | |
| Profit (loss) for the period | 9904 | -€42,676 | -€23,334 | +€19,343 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,676 | -€23,334 | +€19,343 | +45.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.