DHK PROJECTS: 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.
DHK PROJECTS
Largest movements
- Tangible fixed assets +€25,658
up €25,658 (+7.8%), from €330,392 to €356,051
of which Land and buildings: +€27,843
- Cash -€12,767
down €12,767 (-27.6%), from €46,261 to €33,494
mainly Contributions, distributions and other (-€145,000) and Investment in fixed assets (net) (-€45,225)
- Receivables within one year -€7,003
down €7,003 (-4.8%), from €145,352 to €138,349
of which Other amounts receivable: -€22,348
- Trade debts +€30,722
up €30,722 (+150.8%), from €20,374 to €51,097
- Current portion of long-term debt -€18,235
down €18,235 (-54.2%), from €33,660 to €15,426
- Debts after one year -€15,426
down €15,426 (-56.7%), from €27,228 to €11,802
- Taxes +€7,051
up €7,051 (+16.0%), from €43,960 to €51,011
- Gross operating margin +€3,339
up €3,339 (+1.5%), from €217,204 to €220,543
- Financial income +€2,310
up €2,310 (+78.9%), from €2,926 to €5,236
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €600,079 | €603,599 | +€3,520 | +0.6% |
| Fixed assets | 21/28 | €330,392 | €356,051 | +€25,658 | +7.8% |
| Tangible fixed assets | 22/27 | €330,392 | €356,051 | +€25,658 | +7.8% |
| Land and buildings | 22 | €323,258 | €351,101 | +€27,843 | +8.6% |
| Plant, machinery and equipment | 23 | €1,002 | €637 | -€365 | -36.4% |
| Furniture and vehicles | 24 | €6,132 | €4,312 | -€1,820 | -29.7% |
| Current assets | 29/58 | €269,686 | €247,549 | -€22,138 | -8.2% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €145,352 | €138,349 | -€7,003 | -4.8% |
| Trade receivables | 40 | €72,396 | €87,741 | +€15,345 | +21.2% |
| Other amounts receivable | 41 | €72,955 | €50,608 | -€22,348 | -30.6% |
| Cash at bank and in hand | 54/58 | €46,261 | €33,494 | -€12,767 | -27.6% |
| Deferred charges and accrued income | 490/1 | €3,074 | €705 | -€2,369 | -77.1% |
| Total equity and liabilities | 10/49 | €600,079 | €603,599 | +€3,520 | +0.6% |
| Equity | 10/15 | €419,007 | €425,020 | +€6,013 | +1.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €399,007 | €405,020 | +€6,013 | +1.5% |
| Distributable reserves | 133 | €399,007 | €405,020 | +€6,013 | +1.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €181,072 | €178,580 | -€2,492 | -1.4% |
| Amounts payable after more than one year | 17 | €27,228 | €11,802 | -€15,426 | -56.7% |
| Financial debts | 170/4 | €27,228 | €11,802 | -€15,426 | -56.7% |
| Amounts payable within one year | 42/48 | €153,844 | €166,777 | +€12,933 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €33,660 | €15,426 | -€18,235 | -54.2% |
| Trade debts | 44 | €20,374 | €51,097 | +€30,722 | +150.8% |
| Suppliers | 440/4 | €20,374 | €51,097 | +€30,722 | +150.8% |
| Taxes, remuneration and social security | 45 | €99,809 | €100,255 | +€446 | +0.4% |
| Taxes | 450/3 | €99,809 | €100,255 | +€446 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,324 | €19,566 | +€242 | +1.3% |
| Other operating charges | 640/8 | €1,987 | €2,282 | +€296 | +14.9% |
| Non-recurring operating charges | 66A | €20,849 | €457 | -€20,392 | -97.8% |
| Gross operating margin | 9900 | €217,204 | €220,543 | +€3,339 | +1.5% |
| Operating profit (loss) | 9901 | €175,044 | €198,238 | +€23,194 | +13.3% |
| Financial income | 75/76B | €2,926 | €5,236 | +€2,310 | +78.9% |
| Recurring financial income | 75 | €2,926 | €5,236 | +€2,310 | +78.9% |
| Financial charges | 65/66B | €2,196 | €1,450 | -€746 | -34.0% |
| Recurring financial charges | 65 | €2,196 | €1,450 | -€746 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €175,774 | €202,024 | +€26,250 | +14.9% |
| Income taxes | 67/77 | €43,960 | €51,011 | +€7,051 | +16.0% |
| Profit (loss) for the period | 9904 | €131,814 | €151,013 | +€19,199 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €131,814 | €151,013 | +€19,199 | +14.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.