DHB PROJECTS: 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.
DHB PROJECTS
Largest movements
- Cash +€8,579
up €8,579 (+49.3%), from €17,417 to €25,997
mainly Net result for the year (+€9,408) and Depreciation (+€9,066)
- Receivables within one year +€7,628
up €7,628 (+128.4%), from €5,940 to €13,567
of which Trade receivables: +€7,350
- Tangible fixed assets -€6,165
down €6,165 (-36.0%), from €17,109 to €10,945
of which Furniture and vehicles: -€4,890
- Deferred charges and accrued income +€1,186
new in 2025: €1,186
- Reserves +€9,408
up €9,408 (+114.9%), from €8,191 to €17,599
- Trade debts -€3,941
down €3,941 (-22.0%), from €17,875 to €13,934
- Tax, wage and social debts +€3,712
up €3,712 (+112.6%), from €3,297 to €7,009
- Other debts +€2,049
up €2,049 (+33.6%), from €6,104 to €8,152
- Gross operating margin +€3,912
up €3,912 (+19.8%), from €19,745 to €23,657
- Depreciation +€1,481
up €1,481 (+19.5%), from €7,584 to €9,066
- Other operating charges +€552
up €552 (+83.9%), from €658 to €1,210
- Taxes +€415
up €415 (+12.6%), from €3,297 to €3,712
- Financial charges +€254
up €254 (+1553.7%), from €16 to €271
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 | €40,467 | €51,695 | +€11,228 | +27.7% |
| Fixed assets | 21/28 | €17,109 | €10,945 | -€6,165 | -36.0% |
| Tangible fixed assets | 22/27 | €17,109 | €10,945 | -€6,165 | -36.0% |
| Plant, machinery and equipment | 23 | €9,256 | €7,981 | -€1,275 | -13.8% |
| Furniture and vehicles | 24 | €7,853 | €2,964 | -€4,890 | -62.3% |
| Current assets | 29/58 | €23,357 | €40,750 | +€17,393 | +74.5% |
| Amounts receivable within one year | 40/41 | €5,940 | €13,567 | +€7,628 | +128.4% |
| Trade receivables | 40 | €4,246 | €11,597 | +€7,350 | +173.1% |
| Other amounts receivable | 41 | €1,693 | €1,970 | +€277 | +16.4% |
| Cash at bank and in hand | 54/58 | €17,417 | €25,997 | +€8,579 | +49.3% |
| Deferred charges and accrued income | 490/1 | - | €1,186 | +€1,186 | |
| Total equity and liabilities | 10/49 | €40,467 | €51,695 | +€11,228 | +27.7% |
| Equity | 10/15 | €13,191 | €22,599 | +€9,408 | +71.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,191 | €17,599 | +€9,408 | +114.9% |
| Distributable reserves | 133 | €8,191 | €17,599 | +€9,408 | +114.9% |
| Amounts payable | 17/49 | €27,276 | €29,095 | +€1,820 | +6.7% |
| Amounts payable within one year | 42/48 | €27,276 | €29,095 | +€1,820 | +6.7% |
| Trade debts | 44 | €17,875 | €13,934 | -€3,941 | -22.0% |
| Suppliers | 440/4 | €17,875 | €13,934 | -€3,941 | -22.0% |
| Taxes, remuneration and social security | 45 | €3,297 | €7,009 | +€3,712 | +112.6% |
| Taxes | 450/3 | €3,297 | €7,009 | +€3,712 | +112.6% |
| Other amounts payable | 47/48 | €6,104 | €8,152 | +€2,049 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,584 | €9,066 | +€1,481 | +19.5% |
| Other operating charges | 640/8 | €658 | €1,210 | +€552 | +83.9% |
| Gross operating margin | 9900 | €19,745 | €23,657 | +€3,912 | +19.8% |
| Operating profit (loss) | 9901 | €11,503 | €13,381 | +€1,879 | +16.3% |
| Financial income | 75/76B | €2 | €10 | +€9 | +576.7% |
| Recurring financial income | 75 | €2 | €10 | +€9 | +576.7% |
| Financial charges | 65/66B | €16 | €271 | +€254 | +1553.7% |
| Recurring financial charges | 65 | €16 | €271 | +€254 | +1553.7% |
| Profit (loss) for the period before taxes | 9903 | €11,488 | €13,121 | +€1,633 | +14.2% |
| Income taxes | 67/77 | €3,297 | €3,712 | +€415 | +12.6% |
| Profit (loss) for the period | 9904 | €8,191 | €9,408 | +€1,217 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,191 | €9,408 | +€1,217 | +14.9% |
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 10 October 2026 via checked.be.