DHEGA - TRADE: 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.
What changed
DHEGA - TRADE
NACE 46.190, Agents in non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€411,188
2024 · €278,389+€132,799
Equity
€7.5m
2024 · €7.5m-€16,131
Cash
€80,961
2024 · €111,099-€30,138
Balance sheet total
€8.0m
2024 · €7.7m+€303,020
Largest movements
Assets
- Current investments +€426,267
up €426,267 (+6.2%), from €6.9m to €7.3m
Equity and liabilities
- Other debts +€319,096
up €319,096 (+289%), from €110,447 to €429,544
Income statement
- Gross operating margin +€115,311
up €115,311 (+31.5%), from €366,085 to €481,396
- Financial income +€54,984
up €54,984 (+22.3%), from €246,892 to €301,877
- Financial charges +€26,605
up €26,605 (+334%), from €7,960 to €34,565
of which Financial charges: +€24,416
- Taxes +€18,673
up €18,673 (+11.3%), from €165,430 to €184,103
- Staff costs -€8,186
down €8,186 (-8.4%), from €97,367 to €89,181
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.
Result 2024
€278,389
Gross operating margin
+€115,311
Staff costs
+€8,186
Depreciation
+€102
Other operating charges
-€507
Financial income
+€54,984
Financial charges
-€26,605
Taxes
-€18,673
Result 2025
€411,188
raises the resultlowers the result
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.
From operations
+€823,448
Investment
-€426,267
Financing
-€427,319
Cash 2024
€111,099
From operations (derived)
+€823,448
Net result for the year
+€411,188
Depreciation
+€49,507
Receivables within one year
+€16,394
Deferred charges and accrued income
+€27,208
Trade debts
-€4,234
Tax, wage and social debts
+€4,357
Other debts
+€319,096
Accrued charges and deferred income
-€68
Investment (derived)
-€426,267
Current investments
-€426,267
Financing
-€427,319
Contributions, distributions and other
-€427,319
Cash 2025
€80,961
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,657,476 | €7,960,496 | +€303,020 | +4.0% |
| Fixed assets | 21/28 | €406,051 | €356,545 | -€49,507 | -12.2% |
| Tangible fixed assets | 22/27 | €406,001 | €356,495 | -€49,507 | -12.2% |
| Land and buildings | 22 | €212,423 | €202,835 | -€9,588 | -4.5% |
| Plant, machinery and equipment | 23 | €137,702 | €114,091 | -€23,611 | -17.1% |
| Furniture and vehicles | 24 | €55,877 | €39,569 | -€16,308 | -29.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €7,251,425 | €7,603,952 | +€352,527 | +4.9% |
| Amounts receivable within one year | 40/41 | €183,134 | €166,739 | -€16,394 | -9.0% |
| Trade receivables | 40 | €145,472 | €166,739 | +€21,267 | +14.6% |
| Other amounts receivable | 41 | €37,661 | €0 | -€37,661 | -100% |
| Current investments | 50/53 | €6,912,247 | €7,338,514 | +€426,267 | +6.2% |
| Cash at bank and in hand | 54/58 | €111,099 | €80,961 | -€30,138 | -27.1% |
| Deferred charges and accrued income | 490/1 | €44,945 | €17,738 | -€27,208 | -60.5% |
| Total equity and liabilities | 10/49 | €7,657,476 | €7,960,496 | +€303,020 | +4.0% |
| Equity | 10/15 | €7,478,924 | €7,462,793 | -€16,131 | -0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,416,924 | €7,400,793 | -€16,131 | -0.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,774,485 | €2,847,268 | +€72,783 | +2.6% |
| Distributable reserves | 133 | €4,636,239 | €4,547,324 | -€88,914 | -1.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €178,552 | €497,704 | +€319,152 | +179% |
| Amounts payable within one year | 42/48 | €178,277 | €497,497 | +€319,220 | +179% |
| Trade debts | 44 | €20,810 | €16,576 | -€4,234 | -20.3% |
| Suppliers | 440/4 | €20,810 | €16,576 | -€4,234 | -20.3% |
| Taxes, remuneration and social security | 45 | €47,020 | €51,377 | +€4,357 | +9.3% |
| Taxes | 450/3 | €32,136 | €41,115 | +€8,979 | +27.9% |
| Remuneration and social security | 454/9 | €14,883 | €10,262 | -€4,621 | -31.1% |
| Other amounts payable | 47/48 | €110,447 | €429,544 | +€319,096 | +289% |
| Accrued charges and deferred income | 492/3 | €275 | €207 | -€68 | -24.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €97,367 | €89,181 | -€8,186 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,609 | €49,507 | -€102 | -0.2% |
| Other operating charges | 640/8 | €14,222 | €14,729 | +€507 | +3.6% |
| Gross operating margin | 9900 | €366,085 | €481,396 | +€115,311 | +31.5% |
| Operating profit (loss) | 9901 | €204,887 | €327,979 | +€123,093 | +60.1% |
| Financial income | 75/76B | €246,892 | €301,877 | +€54,984 | +22.3% |
| Recurring financial income | 75 | €246,892 | €301,877 | +€54,984 | +22.3% |
| Financial charges | 65/66B | €7,960 | €34,565 | +€26,605 | +334% |
| Recurring financial charges | 65 | €7,960 | €32,376 | +€24,416 | +307% |
| Non-recurring financial charges | 66B | - | €2,189 | +€2,189 | |
| Profit (loss) for the period before taxes | 9903 | €443,818 | €595,291 | +€151,473 | +34.1% |
| Income taxes | 67/77 | €165,430 | €184,103 | +€18,673 | +11.3% |
| Profit (loss) for the period | 9904 | €278,389 | €411,188 | +€132,799 | +47.7% |
| Transfer from tax-exempt reserves | 789 | €319,199 | €53,517 | -€265,682 | -83.2% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €126,300 | +€42,100 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €513,387 | €338,405 | -€174,983 | -34.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.