DHK: 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.
DHK
Largest movements
- Tangible fixed assets +€880,661
up €880,661 (+131%), from €672,639 to €1.6m
of which Land and buildings: +€897,369
- Cash -€544,252
down €544,252 (-89.8%), from €606,251 to €61,998
mainly Investment in fixed assets (net) (-€979,683) and Receivables within one year (-€58,551)
- Receivables within one year +€58,551
up €58,551 (+854%), from €6,854 to €65,405
of which Trade receivables: +€41,332
- Debts after one year +€333,663
up €333,663 (+87.8%), from €380,165 to €713,828
- Reserves +€48,462
up €48,462 (+8.9%), from €545,581 to €594,042
of which Distributable reserves: +€52,353
- Gross operating margin +€47,541
up €47,541 (+32.2%), from €147,619 to €195,160
- Depreciation +€40,453
up €40,453 (+69.1%), from €58,569 to €99,022
- Taxes -€16,265
no longer reported in 2025 (was €16,265)
- Financial charges +€13,099
up €13,099 (+91.3%), from €14,340 to €27,439
- Financial income -€2,722
no longer reported in 2025 (was €2,722)
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 | €1,288,163 | €1,681,950 | +€393,787 | +30.6% |
| Fixed assets | 21/28 | €672,639 | €1,553,300 | +€880,661 | +131% |
| Tangible fixed assets | 22/27 | €672,639 | €1,553,300 | +€880,661 | +131% |
| Land and buildings | 22 | €618,237 | €1,515,607 | +€897,369 | +145% |
| Plant, machinery and equipment | 23 | €54,401 | €37,693 | -€16,708 | -30.7% |
| Current assets | 29/58 | €615,524 | €128,650 | -€486,874 | -79.1% |
| Amounts receivable within one year | 40/41 | €6,854 | €65,405 | +€58,551 | +854% |
| Trade receivables | 40 | - | €41,332 | +€41,332 | |
| Other amounts receivable | 41 | €6,854 | €24,073 | +€17,218 | +251% |
| Cash at bank and in hand | 54/58 | €606,251 | €61,998 | -€544,252 | -89.8% |
| Deferred charges and accrued income | 490/1 | €2,419 | €1,246 | -€1,173 | -48.5% |
| Total equity and liabilities | 10/49 | €1,288,163 | €1,681,950 | +€393,787 | +30.6% |
| Equity | 10/15 | €828,981 | €877,442 | +€48,462 | +5.8% |
| Contributions | 10/11 | €283,400 | €283,400 | = | 0.0% |
| Capital | 10 | €283,400 | €283,400 | = | 0.0% |
| Issued capital | 100 | €283,400 | €283,400 | = | 0.0% |
| Reserves | 13 | €545,581 | €594,042 | +€48,462 | +8.9% |
| Non-distributable reserves | 130/1 | €32,720 | €32,720 | = | 0.0% |
| Legal reserve | 130 | €32,720 | €32,720 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,730 | €5,838 | -€3,892 | -40.0% |
| Distributable reserves | 133 | €503,131 | €555,485 | +€52,353 | +10.4% |
| Provisions and deferred taxes | 16 | €5,010 | €3,006 | -€2,004 | -40.0% |
| Deferred taxes | 168 | €5,010 | €3,006 | -€2,004 | -40.0% |
| Amounts payable | 17/49 | €454,172 | €801,501 | +€347,330 | +76.5% |
| Amounts payable after more than one year | 17 | €380,165 | €713,828 | +€333,663 | +87.8% |
| Financial debts | 170/4 | €380,165 | €713,828 | +€333,663 | +87.8% |
| Amounts payable within one year | 42/48 | €63,757 | €66,337 | +€2,581 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €63,712 | €66,337 | +€2,626 | +4.1% |
| Trade debts | 44 | €45 | - | -€45 | |
| Suppliers | 440/4 | €45 | - | -€45 | |
| Accrued charges and deferred income | 492/3 | €10,250 | €21,336 | +€11,086 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,569 | €99,022 | +€40,453 | +69.1% |
| Other operating charges | 640/8 | €20,383 | €22,242 | +€1,859 | +9.1% |
| Gross operating margin | 9900 | €147,619 | €195,160 | +€47,541 | +32.2% |
| Operating profit (loss) | 9901 | €68,666 | €73,897 | +€5,230 | +7.6% |
| Financial income | 75/76B | €2,722 | - | -€2,722 | |
| Recurring financial income | 75 | €2,722 | - | -€2,722 | |
| Financial charges | 65/66B | €14,340 | €27,439 | +€13,099 | +91.3% |
| Recurring financial charges | 65 | €14,340 | €27,439 | +€13,099 | +91.3% |
| Profit (loss) for the period before taxes | 9903 | €57,049 | €46,457 | -€10,591 | -18.6% |
| Transfer from deferred taxes | 780 | €2,004 | €2,004 | = | 0.0% |
| Income taxes | 67/77 | €16,265 | - | -€16,265 | |
| Profit (loss) for the period | 9904 | €42,787 | €48,462 | +€5,674 | +13.3% |
| Transfer from tax-exempt reserves | 789 | €3,892 | €3,892 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,679 | €52,353 | +€5,674 | +12.2% |
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 24 October 2026 via checked.be.