dHFox: 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.
dHFox
Largest movements
- Receivables within one year +€94,271
up €94,271 (+23795.5%), from €396 to €94,667
- Intangible fixed assets -€24,758
down €24,758 (-33.3%), from €74,275 to €49,517
- Other debts +€165,000
up €165,000 (+82.5%), from €200,000 to €365,000
- Reserves -€97,650
down €97,650 (-16.6%), from €586,760 to €489,110
of which Distributable reserves: -€95,790
- Financial income +€84,421
up €84,421 (+76.6%), from €110,246 to €194,667
- Gross operating margin -€14,807
down €14,807, from €13,643 to -€1,165
- Financial charges -€156
down €156 (-27.9%), from €560 to €404
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 | €806,173 | €872,844 | +€66,671 | +8.3% |
| Fixed assets | 21/28 | €752,480 | €727,721 | -€24,758 | -3.3% |
| Intangible fixed assets | 21 | €74,275 | €49,517 | -€24,758 | -33.3% |
| Financial fixed assets | 28 | €678,204 | €678,204 | = | 0.0% |
| Current assets | 29/58 | €53,694 | €145,123 | +€91,429 | +170.3% |
| Amounts receivable after more than one year | 29 | €41,571 | €41,571 | = | 0.0% |
| Other amounts receivable | 291 | €41,571 | €41,571 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €396 | €94,667 | +€94,271 | +23795.5% |
| Other amounts receivable | 41 | €396 | €94,667 | +€94,271 | +23795.5% |
| Cash at bank and in hand | 54/58 | €11,727 | €8,885 | -€2,842 | -24.2% |
| Total equity and liabilities | 10/49 | €806,173 | €872,844 | +€66,671 | +8.3% |
| Equity | 10/15 | €605,391 | €507,732 | -€97,659 | -16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €586,760 | €489,110 | -€97,650 | -16.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €584,900 | €489,110 | -€95,790 | -16.4% |
| Profit (loss) carried forward | 14 | €31 | €22 | -€9 | -28.8% |
| Amounts payable | 17/49 | €200,783 | €365,112 | +€164,329 | +81.8% |
| Amounts payable within one year | 42/48 | €200,783 | €365,112 | +€164,329 | +81.8% |
| Trade debts | 44 | €661 | €0 | -€661 | -100.0% |
| Suppliers | 440/4 | €661 | €0 | -€661 | -100.0% |
| Taxes, remuneration and social security | 45 | €121 | €112 | -€9 | -7.6% |
| Taxes | 450/3 | €121 | €112 | -€9 | -7.6% |
| Other amounts payable | 47/48 | €200,000 | €365,000 | +€165,000 | +82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,758 | €24,758 | = | 0.0% |
| Other operating charges | 640/8 | €969 | €998 | +€29 | +3.0% |
| Gross operating margin | 9900 | €13,643 | -€1,165 | -€14,807 | |
| Operating profit (loss) | 9901 | -€12,085 | -€26,922 | -€14,837 | -122.8% |
| Financial income | 75/76B | €110,246 | €194,667 | +€84,421 | +76.6% |
| Recurring financial income | 75 | €110,246 | €194,667 | +€84,421 | +76.6% |
| Financial charges | 65/66B | €560 | €404 | -€156 | -27.9% |
| Recurring financial charges | 65 | €560 | €404 | -€156 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €97,600 | €167,341 | +€69,741 | +71.5% |
| Profit (loss) for the period | 9904 | €97,600 | €167,341 | +€69,741 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,600 | €167,341 | +€69,741 | +71.5% |
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 4 October 2026 via checked.be.