DHE Electrics: what changed
DHE Electrics
Largest movements
- Cash -€157,869
down €157,869 (-75.3%), from €209,654 to €51,785
mainly Receivables within one year (-€92,982) and Investment in fixed assets (net) (-€28,287)
- Receivables within one year +€92,982
up €92,982 (+62.8%), from €148,094 to €241,075
of which Other amounts receivable: +€49,008
- Tangible fixed assets -€16,334
down €16,334 (-5.5%), from €294,599 to €278,265
of which Leasing and similar rights: -€11,475
- Financial fixed assets +€15,000
up €15,000 (+1,825%), from €822 to €15,822
- Debts after one year -€21,340
down €21,340 (-15.6%), from €136,683 to €115,344
- Short-term financial debts -€20,000
down €20,000 (-100%), from €20,000 to €0
- Tax, wage and social debts -€19,196
down €19,196 (-67.7%), from €28,344 to €9,147
of which Remuneration and social security: -€18,498
- Profit (loss) carried forward -€17,239
down €17,239 (-4.2%), from €413,225 to €395,986
- Other debts +€15,561
up €15,561 (+2,116%), from €735 to €16,296
- Gross operating margin -€180,193
down €180,193 (-47.0%), from €383,556 to €203,363
- Staff costs -€51,437
down €51,437 (-23.8%), from €216,044 to €164,607
- Taxes -€27,515
down €27,515 (-94.1%), from €29,251 to €1,736
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €661,585 | €592,304 | -€69,280 | -10.5% |
| Fixed assets | 21/28 | €295,421 | €294,087 | -€1,334 | -0.5% |
| Tangible fixed assets | 22/27 | €294,599 | €278,265 | -€16,334 | -5.5% |
| Land and buildings | 22 | €227,436 | €220,456 | -€6,981 | -3.1% |
| Plant, machinery and equipment | 23 | €34,829 | €26,115 | -€8,715 | -25.0% |
| Furniture and vehicles | 24 | €0 | €10,836 | +€10,836 | |
| Leasing and similar rights | 25 | €32,333 | €20,858 | -€11,475 | -35.5% |
| Financial fixed assets | 28 | €822 | €15,822 | +€15,000 | +1,825% |
| Current assets | 29/58 | €366,164 | €298,217 | -€67,946 | -18.6% |
| Amounts receivable within one year | 40/41 | €148,094 | €241,075 | +€92,982 | +62.8% |
| Trade receivables | 40 | €101,173 | €145,147 | +€43,973 | +43.5% |
| Other amounts receivable | 41 | €46,920 | €95,928 | +€49,008 | +104% |
| Cash at bank and in hand | 54/58 | €209,654 | €51,785 | -€157,869 | -75.3% |
| Deferred charges and accrued income | 490/1 | €8,416 | €5,357 | -€3,059 | -36.3% |
| Total equity and liabilities | 10/49 | €661,585 | €592,304 | -€69,280 | -10.5% |
| Equity | 10/15 | €418,225 | €400,986 | -€17,239 | -4.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €413,225 | €395,986 | -€17,239 | -4.2% |
| Amounts payable | 17/49 | €243,359 | €191,318 | -€52,041 | -21.4% |
| Amounts payable after more than one year | 17 | €136,683 | €115,344 | -€21,340 | -15.6% |
| Financial debts | 170/4 | €136,683 | €115,344 | -€21,340 | -15.6% |
| Amounts payable within one year | 42/48 | €105,330 | €71,048 | -€34,282 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €20,591 | €21,340 | +€749 | +3.6% |
| Financial debts | 43 | €20,000 | €0 | -€20,000 | -100% |
| Credit institutions | 430/8 | €20,000 | €0 | -€20,000 | -100% |
| Trade debts | 44 | €35,660 | €24,264 | -€11,396 | -32.0% |
| Suppliers | 440/4 | €35,660 | €24,264 | -€11,396 | -32.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €28,344 | €9,147 | -€19,196 | -67.7% |
| Taxes | 450/3 | €4,437 | €3,738 | -€699 | -15.7% |
| Remuneration and social security | 454/9 | €23,907 | €5,409 | -€18,498 | -77.4% |
| Other amounts payable | 47/48 | €735 | €16,296 | +€15,561 | +2,116% |
| Accrued charges and deferred income | 492/3 | €1,346 | €4,927 | +€3,581 | +266% |
| Non-recurring operating income | 76A | €2,500 | €10,500 | +€8,000 | +320% |
| Remuneration, social security and pensions | 62 | €216,044 | €164,607 | -€51,437 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,175 | €29,621 | +€1,446 | +5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,998 | €3,825 | -€173 | -4.3% |
| Non-recurring operating charges | 66A | €1,339 | €0 | -€1,339 | -100% |
| Gross operating margin | 9900 | €383,556 | €203,363 | -€180,193 | -47.0% |
| Operating profit (loss) | 9901 | €134,000 | €5,309 | -€128,690 | -96.0% |
| Financial income | 75/76B | €1,266 | €1,270 | +€4 | +0.3% |
| Recurring financial income | 75 | €1,266 | €1,270 | +€4 | +0.3% |
| Financial charges | 65/66B | €8,380 | €5,786 | -€2,594 | -31.0% |
| Recurring financial charges | 65 | €8,380 | €5,786 | -€2,594 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €126,886 | €793 | -€126,093 | -99.4% |
| Income taxes | 67/77 | €29,251 | €1,736 | -€27,515 | -94.1% |
| Profit (loss) for the period | 9904 | €97,635 | -€943 | -€98,578 | |
| Profit (loss) for the period to be appropriated | 9905 | €97,635 | -€943 | -€98,578 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.