DHOLDA: 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.
DHOLDA
Largest movements
- Tangible fixed assets +€43,181
up €43,181 (+10510.5%), from €411 to €43,592
of which Furniture and vehicles: +€43,592
- Receivables within one year -€29,526
down €29,526 (-36.6%), from €80,720 to €51,194
of which Other amounts receivable: -€64,344
- Stocks and contracts -€15,483
down €15,483 (-12.1%), from €128,176 to €112,693
- Cash +€12,698
up €12,698 (+25.3%), from €50,274 to €62,972
mainly Other debts (+€118,095) and Net result for the year (+€102,581)
- Deferred charges and accrued income +€4,093
new in 2025: €4,093
- Trade debts -€145,881
down €145,881 (-93.7%), from €155,643 to €9,763
- Other debts +€118,095
new in 2025: €118,095
- Debts after one year +€32,574
new in 2025: €32,574
- Current portion of long-term debt +€7,735
new in 2025: €7,735
- Gross operating margin +€93,099
up €93,099 (+607.4%), from €15,328 to €108,428
- Write-downs -€9,114
down €9,114, from €8,364 to -€750
- Depreciation +€1,552
up €1,552 (+214.6%), from €723 to €2,276
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 | €259,581 | €274,544 | +€14,963 | +5.8% |
| Fixed assets | 21/28 | €411 | €43,592 | +€43,181 | +10510.5% |
| Tangible fixed assets | 22/27 | €411 | €43,592 | +€43,181 | +10510.5% |
| Plant, machinery and equipment | 23 | €411 | - | -€411 | |
| Furniture and vehicles | 24 | - | €43,592 | +€43,592 | |
| Current assets | 29/58 | €259,170 | €230,952 | -€28,218 | -10.9% |
| Stocks and contracts in progress | 3 | €128,176 | €112,693 | -€15,483 | -12.1% |
| Stocks | 30/36 | €128,176 | €112,693 | -€15,483 | -12.1% |
| Amounts receivable within one year | 40/41 | €80,720 | €51,194 | -€29,526 | -36.6% |
| Trade receivables | 40 | €14,807 | €49,625 | +€34,818 | +235.1% |
| Other amounts receivable | 41 | €65,912 | €1,568 | -€64,344 | -97.6% |
| Cash at bank and in hand | 54/58 | €50,274 | €62,972 | +€12,698 | +25.3% |
| Deferred charges and accrued income | 490/1 | - | €4,093 | +€4,093 | |
| Total equity and liabilities | 10/49 | €259,581 | €274,544 | +€14,963 | +5.8% |
| Equity | 10/15 | €103,255 | €105,836 | +€2,581 | +2.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €17,015 | €17,015 | = | 0.0% |
| Distributable reserves | 133 | €17,015 | €17,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,240 | €63,821 | +€2,581 | +4.2% |
| Amounts payable | 17/49 | €156,325 | €168,708 | +€12,382 | +7.9% |
| Amounts payable after more than one year | 17 | - | €32,574 | +€32,574 | |
| Financial debts | 170/4 | - | €32,574 | +€32,574 | |
| Amounts payable within one year | 42/48 | €156,325 | €136,133 | -€20,192 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | - | €7,735 | +€7,735 | |
| Trade debts | 44 | €155,643 | €9,763 | -€145,881 | -93.7% |
| Suppliers | 440/4 | €155,643 | €9,763 | -€145,881 | -93.7% |
| Taxes, remuneration and social security | 45 | €682 | €540 | -€141 | -20.7% |
| Taxes | 450/3 | €682 | €540 | -€141 | -20.7% |
| Other amounts payable | 47/48 | - | €118,095 | +€118,095 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €723 | €2,276 | +€1,552 | +214.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,364 | -€750 | -€9,114 | |
| Other operating charges | 640/8 | €984 | €1,135 | +€151 | +15.3% |
| Gross operating margin | 9900 | €15,328 | €108,428 | +€93,099 | +607.4% |
| Operating profit (loss) | 9901 | €5,256 | €105,767 | +€100,511 | +1912.2% |
| Financial income | 75/76B | €991 | €761 | -€230 | -23.2% |
| Recurring financial income | 75 | €991 | €761 | -€230 | -23.2% |
| Financial charges | 65/66B | €2,891 | €1,837 | -€1,054 | -36.4% |
| Recurring financial charges | 65 | €2,891 | €1,837 | -€1,054 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €3,356 | €104,691 | +€101,334 | +3019.2% |
| Income taxes | 67/77 | €1,910 | €2,110 | +€200 | +10.5% |
| Profit (loss) for the period | 9904 | €1,447 | €102,581 | +€101,135 | +6991.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,447 | €102,581 | +€101,135 | +6991.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.