DHA Belgium: what changed
DHA Belgium
Largest movements
- Receivables within one year +€142,126
up €142,126 (+53.7%), from €264,445 to €406,571
of which Trade receivables: +€129,195
- Tangible fixed assets +€69,868
up €69,868 (+47.8%), from €146,189 to €216,058
of which Plant, machinery and equipment: +€52,028
- Cash +€24,656
up €24,656 (+166%), from €14,823 to €39,478
mainly Trade debts (+€122,477) and Net result for the year (+€100,235)
- Trade debts +€122,477
up €122,477 (+134%), from €91,649 to €214,126
- Profit (loss) carried forward +€100,235
up €100,235 (+139%), from €72,215 to €172,449
- Other debts +€80,650
new in 2025: €80,650
- Accrued charges and deferred income -€68,696
no longer reported in 2025 (was €68,696)
- Tax, wage and social debts -€37,376
down €37,376 (-34.6%), from €107,892 to €70,516
of which Remuneration and social security: -€23,248
- Staff costs -€187,146
down €187,146 (-32.0%), from €584,692 to €397,546
- Gross operating margin -€65,469
down €65,469 (-9.5%), from €692,366 to €626,897
- Purchases and services +€61,873
up €61,873 (+8.7%), from €710,011 to €771,884
- Depreciation +€26,578
up €26,578 (+72.5%), from €36,671 to €63,249
- Taxes +€21,069
up €21,069 (+130%), from €16,196 to €37,265
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 | €431,087 | €667,736 | +€236,650 | +54.9% |
| Fixed assets | 21/28 | €151,819 | €221,688 | +€69,868 | +46.0% |
| Tangible fixed assets | 22/27 | €146,189 | €216,058 | +€69,868 | +47.8% |
| Plant, machinery and equipment | 23 | €8,259 | €60,286 | +€52,028 | +630% |
| Furniture and vehicles | 24 | €137,931 | €152,325 | +€14,394 | +10.4% |
| Other tangible fixed assets | 26 | - | €3,447 | +€3,447 | |
| Financial fixed assets | 28 | €5,630 | €5,630 | = | 0.0% |
| Current assets | 29/58 | €279,267 | €446,049 | +€166,782 | +59.7% |
| Amounts receivable within one year | 40/41 | €264,445 | €406,571 | +€142,126 | +53.7% |
| Trade receivables | 40 | €261,440 | €390,635 | +€129,195 | +49.4% |
| Other amounts receivable | 41 | €3,004 | €15,936 | +€12,931 | +430% |
| Cash at bank and in hand | 54/58 | €14,823 | €39,478 | +€24,656 | +166% |
| Total equity and liabilities | 10/49 | €431,087 | €667,736 | +€236,650 | +54.9% |
| Equity | 10/15 | €74,715 | €174,949 | +€100,235 | +134% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,215 | €172,449 | +€100,235 | +139% |
| Amounts payable | 17/49 | €356,372 | €492,787 | +€136,415 | +38.3% |
| Amounts payable after more than one year | 17 | €63,010 | €81,985 | +€18,975 | +30.1% |
| Financial debts | 170/4 | €63,010 | €81,985 | +€18,975 | +30.1% |
| Amounts payable within one year | 42/48 | €224,665 | €410,802 | +€186,136 | +82.9% |
| Current portion of amounts payable after more than one year | 42 | €25,124 | €45,509 | +€20,385 | +81.1% |
| Trade debts | 44 | €91,649 | €214,126 | +€122,477 | +134% |
| Suppliers | 440/4 | €91,649 | €214,126 | +€122,477 | +134% |
| Taxes, remuneration and social security | 45 | €107,892 | €70,516 | -€37,376 | -34.6% |
| Taxes | 450/3 | €54,130 | €40,002 | -€14,128 | -26.1% |
| Remuneration and social security | 454/9 | €53,761 | €30,514 | -€23,248 | -43.2% |
| Other amounts payable | 47/48 | - | €80,650 | +€80,650 | |
| Accrued charges and deferred income | 492/3 | €68,696 | - | -€68,696 | |
| Turnover | 70 | €1,399,232 | €1,391,271 | -€7,961 | -0.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €710,011 | €771,884 | +€61,873 | +8.7% |
| Remuneration, social security and pensions | 62 | €584,692 | €397,546 | -€187,146 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,671 | €63,249 | +€26,578 | +72.5% |
| Other operating charges | 640/8 | €13,667 | €11,774 | -€1,893 | -13.9% |
| Gross operating margin | 9900 | €692,366 | €626,897 | -€65,469 | -9.5% |
| Operating profit (loss) | 9901 | €57,336 | €154,328 | +€96,992 | +169% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €23,985 | €16,828 | -€7,157 | -29.8% |
| Recurring financial charges | 65 | €23,985 | €16,828 | -€7,157 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €33,351 | €137,500 | +€104,149 | +312% |
| Income taxes | 67/77 | €16,196 | €37,265 | +€21,069 | +130% |
| Profit (loss) for the period | 9904 | €17,155 | €100,235 | +€83,080 | +484% |
| Profit (loss) for the period to be appropriated | 9905 | €17,155 | €100,235 | +€83,080 | +484% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.