DH3I: 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.
DH3I
Largest movements
- Tangible fixed assets +€61,867
up €61,867 (+104.2%), from €59,394 to €121,261
of which Furniture and vehicles: +€80,654
- Intangible fixed assets -€15,000
down €15,000 (-32.4%), from €46,274 to €31,274
- Receivables within one year -€10,690
down €10,690 (-14.5%), from €73,677 to €62,987
of which Other amounts receivable: -€10,059
- Cash +€6,453
up €6,453 (+3.3%), from €195,347 to €201,799
mainly Debts after one year (+€61,062) and Depreciation (+€38,466)
- Debts after one year +€61,062
new in 2025: €61,062
- Profit (loss) carried forward -€43,752
down €43,752 (-15.8%), from €276,558 to €232,805
- Current portion of long-term debt +€18,445
up €18,445 (+276.7%), from €6,667 to €25,111
- Tax, wage and social debts +€17,510
up €17,510 (+92.1%), from €19,021 to €36,531
of which Remuneration and social security: +€24,448
- Trade debts -€6,785
no longer reported in 2025 (was €6,785)
- Gross operating margin -€27,017
down €27,017 (-9.3%), from €290,621 to €263,604
- Staff costs +€14,346
up €14,346 (+5.3%), from €270,613 to €284,959
- Financial income -€6,820
down €6,820 (-25.9%), from €26,363 to €19,543
of which Non-recurring financial income: -€26,332
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 | €419,030 | €465,510 | +€46,480 | +11.1% |
| Fixed assets | 21/28 | €112,627 | €159,540 | +€46,913 | +41.7% |
| Intangible fixed assets | 21 | €46,274 | €31,274 | -€15,000 | -32.4% |
| Tangible fixed assets | 22/27 | €59,394 | €121,261 | +€61,867 | +104.2% |
| Plant, machinery and equipment | 23 | €22,550 | €9,799 | -€12,751 | -56.5% |
| Furniture and vehicles | 24 | €2,937 | €83,591 | +€80,654 | +2746.0% |
| Other tangible fixed assets | 26 | €33,907 | €27,871 | -€6,036 | -17.8% |
| Financial fixed assets | 28 | €6,959 | €7,005 | +€46 | +0.7% |
| Current assets | 29/58 | €306,403 | €305,970 | -€433 | -0.1% |
| Stocks and contracts in progress | 3 | €37,379 | €40,219 | +€2,839 | +7.6% |
| Stocks | 30/36 | €37,379 | €40,219 | +€2,839 | +7.6% |
| Amounts receivable within one year | 40/41 | €73,677 | €62,987 | -€10,690 | -14.5% |
| Trade receivables | 40 | €19,852 | €19,222 | -€630 | -3.2% |
| Other amounts receivable | 41 | €53,825 | €43,765 | -€10,059 | -18.7% |
| Cash at bank and in hand | 54/58 | €195,347 | €201,799 | +€6,453 | +3.3% |
| Deferred charges and accrued income | 490/1 | - | €964 | +€964 | |
| Total equity and liabilities | 10/49 | €419,030 | €465,510 | +€46,480 | +11.1% |
| Equity | 10/15 | €386,558 | €342,805 | -€43,752 | -11.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €276,558 | €232,805 | -€43,752 | -15.8% |
| Amounts payable | 17/49 | €32,472 | €122,705 | +€90,233 | +277.9% |
| Amounts payable after more than one year | 17 | - | €61,062 | +€61,062 | |
| Financial debts | 170/4 | - | €61,062 | +€61,062 | |
| Amounts payable within one year | 42/48 | €32,472 | €61,643 | +€29,170 | +89.8% |
| Current portion of amounts payable after more than one year | 42 | €6,667 | €25,111 | +€18,445 | +276.7% |
| Trade debts | 44 | €6,785 | - | -€6,785 | |
| Suppliers | 440/4 | €6,785 | - | -€6,785 | |
| Taxes, remuneration and social security | 45 | €19,021 | €36,531 | +€17,510 | +92.1% |
| Taxes | 450/3 | €8,016 | €1,079 | -€6,937 | -86.5% |
| Remuneration and social security | 454/9 | €11,005 | €35,452 | +€24,448 | +222.2% |
| Remuneration, social security and pensions | 62 | €270,613 | €284,959 | +€14,346 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,513 | €38,466 | -€2,047 | -5.1% |
| Other operating charges | 640/8 | €2,581 | €2,594 | +€13 | +0.5% |
| Non-recurring operating charges | 66A | €227 | - | -€227 | |
| Gross operating margin | 9900 | €290,621 | €263,604 | -€27,017 | -9.3% |
| Operating profit (loss) | 9901 | -€23,313 | -€62,415 | -€39,102 | -167.7% |
| Financial income | 75/76B | €26,363 | €19,543 | -€6,820 | -25.9% |
| Recurring financial income | 75 | €31 | €19,543 | +€19,512 | +63043.7% |
| Non-recurring financial income | 76B | €26,332 | - | -€26,332 | |
| Financial charges | 65/66B | €829 | €518 | -€311 | -37.6% |
| Recurring financial charges | 65 | €829 | €518 | -€311 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €2,221 | -€43,389 | -€45,610 | |
| Income taxes | 67/77 | €690 | €363 | -€327 | -47.4% |
| Profit (loss) for the period | 9904 | €1,531 | -€43,752 | -€45,283 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,531 | -€43,752 | -€45,283 |
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 12 October 2026 via checked.be.