DHAI: 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.
DHAI
Largest movements
- Tangible fixed assets +€506,698
up €506,698 (+24.1%), from €2.1m to €2.6m
of which Land and buildings: +€283,368
- Cash +€354,130
up €354,130 (+98.3%), from €360,162 to €714,292
mainly Net result for the year (+€693,751) and Receivables within one year (+€292,900)
- Receivables within one year -€292,900
down €292,900 (-98.0%), from €298,863 to €5,963
of which Trade receivables: -€190,004
- Stocks and contracts -€183,592
down €183,592 (-62.0%), from €295,947 to €112,355
- Reserves +€693,751
up €693,751 (+57.0%), from €1.2m to €1.9m
- Debts after one year -€635,625
down €635,625 (-45.8%), from €1.4m to €751,666
- Other debts +€248,519
up €248,519 (+106%), from €235,017 to €483,536
- Trade debts +€81,566
up €81,566 (+74.0%), from €110,261 to €191,827
- Tax, wage and social debts +€61,884
up €61,884 (+1,152%), from €5,374 to €67,258
- Gross operating margin +€437,238
up €437,238 (+48.3%), from €905,935 to €1.3m
- Taxes +€69,340
up €69,340 (+28.2%), from €245,872 to €315,211
- Depreciation +€20,442
up €20,442 (+21.6%), from €94,535 to €114,977
- Financial charges -€16,013
down €16,013 (-31.2%), from €51,385 to €35,372
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 | €3,309,237 | €3,699,227 | +€389,991 | +11.8% |
| Fixed assets | 21/28 | €2,106,579 | €2,613,277 | +€506,698 | +24.1% |
| Tangible fixed assets | 22/27 | €2,106,579 | €2,613,277 | +€506,698 | +24.1% |
| Land and buildings | 22 | €2,040,420 | €2,323,788 | +€283,368 | +13.9% |
| Plant, machinery and equipment | 23 | €5,970 | €245,411 | +€239,441 | +4,010% |
| Furniture and vehicles | 24 | €60,189 | €44,078 | -€16,111 | -26.8% |
| Current assets | 29/58 | €1,202,657 | €1,085,950 | -€116,707 | -9.7% |
| Stocks and contracts in progress | 3 | €295,947 | €112,355 | -€183,592 | -62.0% |
| Stocks | 30/36 | €295,947 | €112,355 | -€183,592 | -62.0% |
| Amounts receivable within one year | 40/41 | €298,863 | €5,963 | -€292,900 | -98.0% |
| Trade receivables | 40 | €191,721 | €1,717 | -€190,004 | -99.1% |
| Other amounts receivable | 41 | €107,142 | €4,246 | -€102,896 | -96.0% |
| Current investments | 50/53 | €243,311 | €248,057 | +€4,746 | +2.0% |
| Cash at bank and in hand | 54/58 | €360,162 | €714,292 | +€354,130 | +98.3% |
| Deferred charges and accrued income | 490/1 | €4,375 | €5,282 | +€908 | +20.7% |
| Total equity and liabilities | 10/49 | €3,309,237 | €3,699,227 | +€389,991 | +11.8% |
| Equity | 10/15 | €1,439,764 | €2,121,541 | +€681,777 | +47.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,217,944 | €1,911,695 | +€693,751 | +57.0% |
| Distributable reserves | 133 | €1,217,944 | €1,911,695 | +€693,751 | +57.0% |
| Investment grants | 15 | €203,228 | €191,254 | -€11,975 | -5.9% |
| Provisions and deferred taxes | 16 | €10,696 | €10,066 | -€630 | -5.9% |
| Deferred taxes | 168 | €10,696 | €10,066 | -€630 | -5.9% |
| Amounts payable | 17/49 | €1,858,776 | €1,567,620 | -€291,156 | -15.7% |
| Amounts payable after more than one year | 17 | €1,387,291 | €751,666 | -€635,625 | -45.8% |
| Financial debts | 170/4 | €1,387,291 | €751,666 | -€635,625 | -45.8% |
| Amounts payable within one year | 42/48 | €471,485 | €815,954 | +€344,469 | +73.1% |
| Current portion of amounts payable after more than one year | 42 | €120,834 | €73,333 | -€47,500 | -39.3% |
| Trade debts | 44 | €110,261 | €191,827 | +€81,566 | +74.0% |
| Suppliers | 440/4 | €110,261 | €191,827 | +€81,566 | +74.0% |
| Taxes, remuneration and social security | 45 | €5,374 | €67,258 | +€61,884 | +1,152% |
| Taxes | 450/3 | €5,374 | €67,258 | +€61,884 | +1,152% |
| Other amounts payable | 47/48 | €235,017 | €483,536 | +€248,519 | +106% |
| Non-recurring operating income | 76A | - | €188,759 | +€188,759 | |
| Remuneration, social security and pensions | 62 | - | €1,592 | +€1,592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,535 | €114,977 | +€20,442 | +21.6% |
| Other operating charges | 640/8 | €8,789 | €15,510 | +€6,722 | +76.5% |
| Non-recurring operating charges | 66A | €0 | €194,145 | +€194,145 | |
| Gross operating margin | 9900 | €905,935 | €1,343,173 | +€437,238 | +48.3% |
| Operating profit (loss) | 9901 | €802,611 | €1,016,949 | +€214,337 | +26.7% |
| Financial income | 75/76B | €38,534 | €26,756 | -€11,778 | -30.6% |
| Recurring financial income | 75 | €38,534 | €26,756 | -€11,778 | -30.6% |
| Financial charges | 65/66B | €51,385 | €35,372 | -€16,013 | -31.2% |
| Recurring financial charges | 65 | €51,385 | €35,372 | -€16,013 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €789,761 | €1,008,333 | +€218,571 | +27.7% |
| Transfer from deferred taxes | 780 | €1,909 | €630 | -€1,279 | -67.0% |
| Income taxes | 67/77 | €245,872 | €315,211 | +€69,340 | +28.2% |
| Profit (loss) for the period | 9904 | €545,798 | €693,751 | +€147,953 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €545,798 | €693,751 | +€147,953 | +27.1% |
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 17 October 2026 via checked.be.