DHARPHU: 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.
DHARPHU
Largest movements
- Tangible fixed assets -€7,268
down €7,268 (-12.6%), from €57,758 to €50,489
of which Other tangible fixed assets: -€12,604
- Receivables within one year -€2,413
down €2,413 (-61.9%), from €3,898 to €1,484
of which Other amounts receivable: -€2,983
- Debts after one year -€13,200
down €13,200 (-20.5%), from €64,278 to €51,078
- Tax, wage and social debts +€4,947
up €4,947 (+145%), from €3,420 to €8,366
of which Remuneration and social security: +€5,000
- Profit (loss) carried forward -€4,632
down €4,632 (-32.0%), from -€14,459 to -€19,091
- Short-term financial debts -€3,939
down €3,939 (-96.2%), from €4,097 to €158
- Other debts +€3,070
new in 2025: €3,070
- Gross operating margin -€12,019
down €12,019 (-42.6%), from €28,213 to €16,194
- Taxes -€1,740
down €1,740 (-50.8%), from €3,426 to €1,687
- Other operating charges -€900
down €900 (-34.9%), from €2,580 to €1,680
- Financial charges -€484
down €484 (-9.9%), from €4,898 to €4,415
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,750 | €84,059 | -€10,691 | -11.3% |
| Fixed assets | 21/28 | €57,758 | €50,489 | -€7,268 | -12.6% |
| Tangible fixed assets | 22/27 | €57,758 | €50,489 | -€7,268 | -12.6% |
| Plant, machinery and equipment | 23 | €4,173 | €6,452 | +€2,279 | +54.6% |
| Furniture and vehicles | 24 | €939 | €3,995 | +€3,056 | +326% |
| Other tangible fixed assets | 26 | €52,646 | €40,042 | -€12,604 | -23.9% |
| Current assets | 29/58 | €36,992 | €33,570 | -€3,422 | -9.3% |
| Amounts receivable after more than one year | 29 | €30,542 | €29,627 | -€914 | -3.0% |
| Trade receivables | 290 | €30,542 | €29,627 | -€914 | -3.0% |
| Amounts receivable within one year | 40/41 | €3,898 | €1,484 | -€2,413 | -61.9% |
| Trade receivables | 40 | - | €570 | +€570 | |
| Other amounts receivable | 41 | €3,898 | €914 | -€2,983 | -76.5% |
| Deferred charges and accrued income | 490/1 | €2,553 | €2,459 | -€94 | -3.7% |
| Total equity and liabilities | 10/49 | €94,750 | €84,059 | -€10,691 | -11.3% |
| Equity | 10/15 | €6,001 | €1,369 | -€4,632 | -77.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,459 | -€19,091 | -€4,632 | -32.0% |
| Amounts payable | 17/49 | €88,749 | €82,690 | -€6,058 | -6.8% |
| Amounts payable after more than one year | 17 | €64,278 | €51,078 | -€13,200 | -20.5% |
| Financial debts | 170/4 | €64,278 | €51,078 | -€13,200 | -20.5% |
| Amounts payable within one year | 42/48 | €24,471 | €31,612 | +€7,142 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €12,530 | €13,200 | +€670 | +5.3% |
| Financial debts | 43 | €4,097 | €158 | -€3,939 | -96.2% |
| Credit institutions | 430/8 | €4,097 | €158 | -€3,939 | -96.2% |
| Trade debts | 44 | €4,425 | €6,818 | +€2,394 | +54.1% |
| Suppliers | 440/4 | €4,425 | €6,818 | +€2,394 | +54.1% |
| Taxes, remuneration and social security | 45 | €3,420 | €8,366 | +€4,947 | +145% |
| Taxes | 450/3 | €3,420 | €3,366 | -€53 | -1.6% |
| Remuneration and social security | 454/9 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | - | €3,070 | +€3,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,224 | €14,373 | +€150 | +1.1% |
| Other operating charges | 640/8 | €2,580 | €1,680 | -€900 | -34.9% |
| Gross operating margin | 9900 | €28,213 | €16,194 | -€12,019 | -42.6% |
| Operating profit (loss) | 9901 | €11,410 | €141 | -€11,269 | -98.8% |
| Financial income | 75/76B | €1,327 | €1,328 | +€1 | 0.0% |
| Recurring financial income | 75 | €1,327 | €1,328 | +€1 | 0.0% |
| Financial charges | 65/66B | €4,898 | €4,415 | -€484 | -9.9% |
| Recurring financial charges | 65 | €4,898 | €4,415 | -€484 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €7,839 | -€2,946 | -€10,785 | |
| Income taxes | 67/77 | €3,426 | €1,687 | -€1,740 | -50.8% |
| Profit (loss) for the period | 9904 | €4,413 | -€4,632 | -€9,045 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,413 | -€4,632 | -€9,045 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.