DHELCO: 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.
DHELCO
Largest movements
- Cash +€40,760
up €40,760 (+102%), from €40,150 to €80,909
mainly Net result for the year (+€62,591) and Tax, wage and social debts (+€5,983)
- Receivables within one year +€27,416
up €27,416 (+559%), from €4,905 to €32,321
of which Trade receivables: +€27,416
- Profit (loss) carried forward +€61,758
up €61,758 (+175%), from €35,308 to €97,066
- Tax, wage and social debts +€5,983
up €5,983 (+78.0%), from €7,672 to €13,655
- Gross operating margin +€34,184
up €34,184 (+75.1%), from €45,490 to €79,674
- Taxes +€6,788
up €6,788 (+73.0%), from €9,297 to €16,085
- Financial charges +€981
up €981 (+1,596%), from €61 to €1,043
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 | €45,055 | €113,231 | +€68,176 | +151% |
| Current assets | 29/58 | €45,055 | €113,231 | +€68,176 | +151% |
| Amounts receivable within one year | 40/41 | €4,905 | €32,321 | +€27,416 | +559% |
| Trade receivables | 40 | - | €27,416 | +€27,416 | |
| Other amounts receivable | 41 | €4,905 | €4,905 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,150 | €80,909 | +€40,760 | +102% |
| Total equity and liabilities | 10/49 | €45,055 | €113,231 | +€68,176 | +151% |
| Equity | 10/15 | €35,808 | €97,566 | +€61,758 | +172% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,308 | €97,066 | +€61,758 | +175% |
| Amounts payable | 17/49 | €9,247 | €15,665 | +€6,418 | +69.4% |
| Amounts payable within one year | 42/48 | €9,247 | €15,665 | +€6,418 | +69.4% |
| Trade debts | 44 | €626 | €1,087 | +€461 | +73.5% |
| Suppliers | 440/4 | €626 | €1,087 | +€461 | +73.5% |
| Taxes, remuneration and social security | 45 | €7,672 | €13,655 | +€5,983 | +78.0% |
| Taxes | 450/3 | €7,672 | €13,655 | +€5,983 | +78.0% |
| Other amounts payable | 47/48 | €948 | €923 | -€26 | -2.7% |
| Other operating charges | 640/8 | - | €47 | +€47 | |
| Gross operating margin | 9900 | €45,490 | €79,674 | +€34,184 | +75.1% |
| Operating profit (loss) | 9901 | €45,490 | €79,627 | +€34,137 | +75.0% |
| Financial income | 75/76B | €35 | €92 | +€57 | +162% |
| Recurring financial income | 75 | €35 | €92 | +€57 | +162% |
| Financial charges | 65/66B | €61 | €1,043 | +€981 | +1,596% |
| Recurring financial charges | 65 | €61 | €1,043 | +€981 | +1,596% |
| Profit (loss) for the period before taxes | 9903 | €45,463 | €78,676 | +€33,213 | +73.1% |
| Income taxes | 67/77 | €9,297 | €16,085 | +€6,788 | +73.0% |
| Profit (loss) for the period | 9904 | €36,167 | €62,591 | +€26,425 | +73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,167 | €62,591 | +€26,425 | +73.1% |
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 15 October 2026 via checked.be.