DHB-VAP: 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-VAP
Largest movements
- Cash +€4,946
up €4,946 (+76.0%), from €6,512 to €11,458
mainly Receivables within one year (+€4,208) and Tax, wage and social debts (+€1,170)
- Receivables within one year -€4,208
down €4,208 (-74.1%), from €5,682 to €1,474
of which Other amounts receivable: -€3,309
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€2,570
down €2,570 (-61.2%), from €4,197 to €1,627
- Taxes -€259
down €259 (-11.5%), from €2,255 to €1,996
- Gross operating margin +€255
up €255 (+15.0%), from €1,706 to €1,961
- Staff costs -€228
down €228 (-78.3%), from €291 to €63
- Depreciation +€207
up €207 (+47.8%), from €432 to €639
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 | €182,262 | €184,639 | +€2,378 | +1.3% |
| Fixed assets | 21/28 | €939 | €1,430 | +€491 | +52.3% |
| Tangible fixed assets | 22/27 | €939 | €1,430 | +€491 | +52.3% |
| Plant, machinery and equipment | 23 | €939 | €1,430 | +€491 | +52.3% |
| Current assets | 29/58 | €181,323 | €183,209 | +€1,886 | +1.0% |
| Amounts receivable within one year | 40/41 | €5,682 | €1,474 | -€4,208 | -74.1% |
| Trade receivables | 40 | €2,346 | €1,447 | -€899 | -38.3% |
| Other amounts receivable | 41 | €3,335 | €26 | -€3,309 | -99.2% |
| Current investments | 50/53 | €168,784 | €170,278 | +€1,493 | +0.9% |
| Cash at bank and in hand | 54/58 | €6,512 | €11,458 | +€4,946 | +76.0% |
| Deferred charges and accrued income | 490/1 | €345 | - | -€345 | |
| Total equity and liabilities | 10/49 | €182,262 | €184,639 | +€2,378 | +1.3% |
| Equity | 10/15 | €178,224 | €179,070 | +€847 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €172,024 | €172,870 | +€847 | +0.5% |
| Distributable reserves | 133 | €172,024 | €172,870 | +€847 | +0.5% |
| Amounts payable | 17/49 | €4,038 | €5,569 | +€1,531 | +37.9% |
| Amounts payable within one year | 42/48 | €4,038 | €5,421 | +€1,383 | +34.2% |
| Trade debts | 44 | €2,037 | €2,032 | -€5 | -0.2% |
| Suppliers | 440/4 | €2,037 | €2,032 | -€5 | -0.2% |
| Taxes, remuneration and social security | 45 | €2,001 | €3,171 | +€1,170 | +58.5% |
| Taxes | 450/3 | €2,001 | €3,171 | +€1,170 | +58.5% |
| Other amounts payable | 47/48 | - | €218 | +€218 | |
| Accrued charges and deferred income | 492/3 | - | €148 | +€148 | |
| Remuneration, social security and pensions | 62 | €291 | €63 | -€228 | -78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432 | €639 | +€207 | +47.8% |
| Gross operating margin | 9900 | €1,706 | €1,961 | +€255 | +15.0% |
| Operating profit (loss) | 9901 | €983 | €1,259 | +€277 | +28.2% |
| Financial income | 75/76B | €4,197 | €1,627 | -€2,570 | -61.2% |
| Recurring financial income | 75 | €4,197 | €1,627 | -€2,570 | -61.2% |
| Financial charges | 65/66B | €39 | €43 | +€4 | +9.3% |
| Recurring financial charges | 65 | €39 | €43 | +€4 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €5,140 | €2,843 | -€2,297 | -44.7% |
| Income taxes | 67/77 | €2,255 | €1,996 | -€259 | -11.5% |
| Profit (loss) for the period | 9904 | €2,885 | €847 | -€2,038 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,885 | €847 | -€2,038 | -70.7% |
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.