DHESA: what changed
Two fiscal 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.
DHESA
Largest movements
- Current investments -€110,000
down €110,000 (-100.0%), from €110,000 to €0
- Cash +€24,736
up €24,736 (+188.8%), from €13,099 to €37,835
mainly Current investments (+€110,000) and Net result for the year (+€52,987)
- Tangible fixed assets -€6,261
down €6,261 (-24.3%), from €25,723 to €19,461
of which Furniture and vehicles: -€6,092
- Other debts -€78,152
down €78,152 (-55.5%), from €140,929 to €62,776
- Tax, wage and social debts -€12,713
down €12,713 (-49.0%), from €25,936 to €13,224
of which Taxes: -€13,713
- Gross operating margin -€4,634
down €4,634 (-5.9%), from €78,772 to €74,138
- Financial income -€1,211
down €1,211 (-59.7%), from €2,028 to €817
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 | €171,093 | €79,838 | -€91,254 | -53.3% |
| Fixed assets | 21/28 | €25,723 | €19,461 | -€6,261 | -24.3% |
| Tangible fixed assets | 22/27 | €25,723 | €19,461 | -€6,261 | -24.3% |
| Plant, machinery and equipment | 23 | €723 | €554 | -€169 | -23.4% |
| Furniture and vehicles | 24 | €25,000 | €18,908 | -€6,092 | -24.4% |
| Current assets | 29/58 | €145,370 | €60,377 | -€84,993 | -58.5% |
| Amounts receivable within one year | 40/41 | €20,913 | €20,810 | -€103 | -0.5% |
| Trade receivables | 40 | €14,761 | €15,076 | +€316 | +2.1% |
| Other amounts receivable | 41 | €6,152 | €5,734 | -€418 | -6.8% |
| Current investments | 50/53 | €110,000 | €0 | -€110,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,099 | €37,835 | +€24,736 | +188.8% |
| Deferred charges and accrued income | 490/1 | €1,358 | €1,732 | +€374 | +27.5% |
| Total equity and liabilities | 10/49 | €171,093 | €79,838 | -€91,254 | -53.3% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €168,093 | €76,838 | -€91,254 | -54.3% |
| Amounts payable within one year | 42/48 | €168,093 | €76,838 | -€91,254 | -54.3% |
| Trade debts | 44 | €1,227 | €838 | -€390 | -31.7% |
| Suppliers | 440/4 | €1,227 | €838 | -€390 | -31.7% |
| Taxes, remuneration and social security | 45 | €25,936 | €13,224 | -€12,713 | -49.0% |
| Taxes | 450/3 | €24,708 | €10,996 | -€13,713 | -55.5% |
| Remuneration and social security | 454/9 | €1,228 | €2,228 | +€1,000 | +81.4% |
| Other amounts payable | 47/48 | €140,929 | €62,776 | -€78,152 | -55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,583 | €6,261 | +€678 | +12.1% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €78,772 | €74,138 | -€4,634 | -5.9% |
| Operating profit (loss) | 9901 | €73,125 | €67,811 | -€5,314 | -7.3% |
| Financial income | 75/76B | €2,028 | €817 | -€1,211 | -59.7% |
| Recurring financial income | 75 | €2,028 | €817 | -€1,211 | -59.7% |
| Financial charges | 65/66B | €150 | €168 | +€19 | +12.5% |
| Recurring financial charges | 65 | €150 | €168 | +€19 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €75,003 | €68,460 | -€6,543 | -8.7% |
| Income taxes | 67/77 | €15,741 | €15,473 | -€268 | -1.7% |
| Profit (loss) for the period | 9904 | €59,262 | €52,987 | -€6,275 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,262 | €52,987 | -€6,275 | -10.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.