DHEYCO: 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.
DHEYCO
Largest movements
- Cash -€58,102
down €58,102 (-77.2%), from €75,273 to €17,171
mainly Contributions, distributions and other (-€125,337) and Receivables within one year (-€3,129)
- Tangible fixed assets -€3,981
down €3,981 (-22.2%), from €17,934 to €13,953
of which Furniture and vehicles: -€2,813
- Receivables within one year +€3,129
up €3,129 (+22.5%), from €13,928 to €17,057
of which Other amounts receivable: +€5,391
- Deferred charges and accrued income +€2,220
up €2,220 (+1425.6%), from €156 to €2,376
- Reserves -€92,339
no longer reported in 2025 (was €92,339)
- Other debts +€32,999
new in 2025: €32,999
- Trade debts +€3,326
up €3,326 (+605.4%), from €549 to €3,876
- Gross operating margin -€50,052
down €50,052 (-50.9%), from €98,427 to €48,375
- Taxes -€5,713
down €5,713 (-35.0%), from €16,322 to €10,610
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 | €107,740 | €51,121 | -€56,620 | -52.6% |
| Fixed assets | 21/28 | €17,934 | €13,953 | -€3,981 | -22.2% |
| Tangible fixed assets | 22/27 | €17,934 | €13,953 | -€3,981 | -22.2% |
| Furniture and vehicles | 24 | €6,607 | €3,794 | -€2,813 | -42.6% |
| Other tangible fixed assets | 26 | €11,328 | €10,159 | -€1,168 | -10.3% |
| Current assets | 29/58 | €89,806 | €37,168 | -€52,638 | -58.6% |
| Amounts receivable after more than one year | 29 | €450 | €564 | +€114 | +25.4% |
| Other amounts receivable | 291 | €450 | €564 | +€114 | +25.4% |
| Amounts receivable within one year | 40/41 | €13,928 | €17,057 | +€3,129 | +22.5% |
| Trade receivables | 40 | €13,928 | €11,667 | -€2,261 | -16.2% |
| Other amounts receivable | 41 | - | €5,391 | +€5,391 | |
| Cash at bank and in hand | 54/58 | €75,273 | €17,171 | -€58,102 | -77.2% |
| Deferred charges and accrued income | 490/1 | €156 | €2,376 | +€2,220 | +1425.6% |
| Total equity and liabilities | 10/49 | €107,740 | €51,121 | -€56,620 | -52.6% |
| Equity | 10/15 | €96,339 | €4,000 | -€92,339 | -95.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €92,339 | - | -€92,339 | |
| Distributable reserves | 133 | €92,339 | - | -€92,339 | |
| Amounts payable | 17/49 | €11,402 | €47,121 | +€35,719 | +313.3% |
| Amounts payable within one year | 42/48 | €11,402 | €47,121 | +€35,719 | +313.3% |
| Trade debts | 44 | €549 | €3,876 | +€3,326 | +605.4% |
| Suppliers | 440/4 | €549 | €3,876 | +€3,326 | +605.4% |
| Taxes, remuneration and social security | 45 | €10,852 | €10,246 | -€606 | -5.6% |
| Taxes | 450/3 | €10,852 | €10,246 | -€606 | -5.6% |
| Other amounts payable | 47/48 | - | €32,999 | +€32,999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,380 | €3,981 | +€601 | +17.8% |
| Other operating charges | 640/8 | €217 | €520 | +€302 | +139.2% |
| Gross operating margin | 9900 | €98,427 | €48,375 | -€50,052 | -50.9% |
| Operating profit (loss) | 9901 | €94,829 | €43,874 | -€50,955 | -53.7% |
| Financial income | 75/76B | €7 | €1 | -€6 | -89.6% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -89.6% |
| Financial charges | 65/66B | €104 | €266 | +€163 | +156.9% |
| Recurring financial charges | 65 | €104 | €266 | +€163 | +156.9% |
| Profit (loss) for the period before taxes | 9903 | €94,732 | €43,608 | -€51,124 | -54.0% |
| Income taxes | 67/77 | €16,322 | €10,610 | -€5,713 | -35.0% |
| Profit (loss) for the period | 9904 | €78,410 | €32,999 | -€45,411 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €78,410 | €32,999 | -€45,411 | -57.9% |
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 9 October 2026 via checked.be.