DHA & PARTNERS: 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.
DHA & PARTNERS
Largest movements
- Receivables within one year +€94,727
up €94,727 (+131.1%), from €72,268 to €166,995
of which Trade receivables: +€85,234
- Financial fixed assets -€47,289
down €47,289 (-100.0%), from €47,289 to €0
- Tangible fixed assets -€10,462
down €10,462 (-27.7%), from €37,780 to €27,318
of which Leasing and similar rights: -€8,854
- Cash +€8,654
up €8,654 (+19.3%), from €44,862 to €53,517
mainly Investment in fixed assets (net) (+€47,289) and Trade debts (+€41,508)
- Trade debts +€41,508
up €41,508 (+91.2%), from €45,503 to €87,011
- Profit (loss) carried forward +€11,017
up €11,017 (+11.8%), from €93,416 to €104,433
- Debts after one year -€8,245
down €8,245 (-36.9%), from €22,344 to €14,099
- Gross operating margin -€30,364
down €30,364 (-49.0%), from €61,950 to €31,587
- Taxes +€6,229
up €6,229, from -€119 to €6,110
- Financial charges +€3,630
up €3,630 (+170.9%), from €2,124 to €5,754
- Financial income +€3,133
up €3,133 (+885.4%), from €354 to €3,487
- Other operating charges -€2,516
down €2,516 (-59.2%), from €4,247 to €1,732
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 | €204,491 | €247,881 | +€43,390 | +21.2% |
| Fixed assets | 21/28 | €85,069 | €27,318 | -€57,751 | -67.9% |
| Tangible fixed assets | 22/27 | €37,780 | €27,318 | -€10,462 | -27.7% |
| Furniture and vehicles | 24 | €3,447 | €1,839 | -€1,608 | -46.6% |
| Leasing and similar rights | 25 | €34,332 | €25,479 | -€8,854 | -25.8% |
| Financial fixed assets | 28 | €47,289 | €0 | -€47,289 | -100.0% |
| Current assets | 29/58 | €119,422 | €220,563 | +€101,141 | +84.7% |
| Amounts receivable within one year | 40/41 | €72,268 | €166,995 | +€94,727 | +131.1% |
| Trade receivables | 40 | €69,410 | €154,644 | +€85,234 | +122.8% |
| Other amounts receivable | 41 | €2,858 | €12,352 | +€9,493 | +332.1% |
| Current investments | 50/53 | - | €51 | +€51 | |
| Cash at bank and in hand | 54/58 | €44,862 | €53,517 | +€8,654 | +19.3% |
| Deferred charges and accrued income | 490/1 | €2,291 | €0 | -€2,291 | -100.0% |
| Total equity and liabilities | 10/49 | €204,491 | €247,881 | +€43,390 | +21.2% |
| Equity | 10/15 | €98,516 | €109,533 | +€11,017 | +11.2% |
| Contributions | 10/11 | €5,100 | €5,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,416 | €104,433 | +€11,017 | +11.8% |
| Amounts payable | 17/49 | €105,975 | €138,348 | +€32,373 | +30.5% |
| Amounts payable after more than one year | 17 | €22,344 | €14,099 | -€8,245 | -36.9% |
| Financial debts | 170/4 | €22,344 | €14,099 | -€8,245 | -36.9% |
| Amounts payable within one year | 42/48 | €83,631 | €124,249 | +€40,618 | +48.6% |
| Current portion of amounts payable after more than one year | 42 | €7,885 | €8,218 | +€334 | +4.2% |
| Financial debts | 43 | €1,609 | €651 | -€958 | -59.5% |
| Credit institutions | 430/8 | €1,609 | €651 | -€958 | -59.5% |
| Trade debts | 44 | €45,503 | €87,011 | +€41,508 | +91.2% |
| Suppliers | 440/4 | €45,503 | €87,011 | +€41,508 | +91.2% |
| Taxes, remuneration and social security | 45 | €28,634 | €28,368 | -€266 | -0.9% |
| Taxes | 450/3 | €26,169 | €25,877 | -€292 | -1.1% |
| Remuneration and social security | 454/9 | €2,465 | €2,491 | +€26 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,220 | €10,462 | +€242 | +2.4% |
| Other operating charges | 640/8 | €4,247 | €1,732 | -€2,516 | -59.2% |
| Gross operating margin | 9900 | €61,950 | €31,587 | -€30,364 | -49.0% |
| Operating profit (loss) | 9901 | €47,483 | €19,393 | -€28,090 | -59.2% |
| Financial income | 75/76B | €354 | €3,487 | +€3,133 | +885.4% |
| Recurring financial income | 75 | €354 | €3,487 | +€3,133 | +885.4% |
| Financial charges | 65/66B | €2,124 | €5,754 | +€3,630 | +170.9% |
| Recurring financial charges | 65 | €2,124 | €5,754 | +€3,630 | +170.9% |
| Profit (loss) for the period before taxes | 9903 | €45,713 | €17,126 | -€28,587 | -62.5% |
| Income taxes | 67/77 | -€119 | €6,110 | +€6,229 | |
| Profit (loss) for the period | 9904 | €45,832 | €11,017 | -€34,815 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,832 | €11,017 | -€34,815 | -76.0% |
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 4 October 2026 via checked.be.