DHOLLANDER: 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.
DHOLLANDER
Largest movements
- Cash -€582,290
down €582,290 (-30.9%), from €1.9m to €1.3m
mainly Current investments (-€500,000) and Stocks and contracts (-€84,830)
- Current investments +€500,000
up €500,000 (+58.8%), from €850,000 to €1.4m
- Stocks and contracts +€84,830
up €84,830 (+2.9%), from €3.0m to €3.1m
- Other debts -€64,280
down €64,280 (-3.2%), from €2.0m to €2.0m
- Gross operating margin +€97,031
up €97,031, from -€44,978 to €52,053
- Financial income +€16,901
up €16,901 (+129%), from €13,084 to €29,985
- Taxes +€7,011
up €7,011 (+717%), from €977 to €7,988
- Other operating charges +€6,032
up €6,032 (+45.1%), from €13,365 to €19,396
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 | €5,869,313 | €5,855,963 | -€13,350 | -0.2% |
| Fixed assets | 21/28 | €146,864 | €142,793 | -€4,071 | -2.8% |
| Tangible fixed assets | 22/27 | €39,379 | €35,308 | -€4,071 | -10.3% |
| Land and buildings | 22 | €36,774 | €33,266 | -€3,508 | -9.5% |
| Furniture and vehicles | 24 | €2,605 | €2,042 | -€562 | -21.6% |
| Financial fixed assets | 28 | €107,485 | €107,485 | = | 0.0% |
| Current assets | 29/58 | €5,722,449 | €5,713,170 | -€9,279 | -0.2% |
| Stocks and contracts in progress | 3 | €2,975,226 | €3,060,056 | +€84,830 | +2.9% |
| Stocks | 30/36 | €2,975,226 | €3,060,056 | +€84,830 | +2.9% |
| Amounts receivable within one year | 40/41 | €12,448 | €812 | -€11,636 | -93.5% |
| Trade receivables | 40 | €9,500 | €0 | -€9,500 | -100% |
| Other amounts receivable | 41 | €2,948 | €812 | -€2,136 | -72.5% |
| Current investments | 50/53 | €850,000 | €1,350,000 | +€500,000 | +58.8% |
| Cash at bank and in hand | 54/58 | €1,881,564 | €1,299,274 | -€582,290 | -30.9% |
| Deferred charges and accrued income | 490/1 | €3,211 | €3,029 | -€183 | -5.7% |
| Total equity and liabilities | 10/49 | €5,869,313 | €5,855,963 | -€13,350 | -0.2% |
| Equity | 10/15 | €3,838,150 | €3,888,212 | +€50,062 | +1.3% |
| Contributions | 10/11 | €495,800 | €495,800 | = | 0.0% |
| Capital | 10 | €495,800 | €495,800 | = | 0.0% |
| Issued capital | 100 | €495,800 | €495,800 | = | 0.0% |
| Reserves | 13 | €2,840,080 | €2,890,080 | +€50,000 | +1.8% |
| Non-distributable reserves | 130/1 | €229,580 | €229,580 | = | 0.0% |
| Legal reserve | 130 | €229,580 | €229,580 | = | 0.0% |
| Distributable reserves | 133 | €2,610,500 | €2,660,500 | +€50,000 | +1.9% |
| Profit (loss) carried forward | 14 | €502,270 | €502,332 | +€62 | 0.0% |
| Amounts payable | 17/49 | €2,031,162 | €1,967,751 | -€63,411 | -3.1% |
| Amounts payable within one year | 42/48 | €2,030,412 | €1,966,151 | -€64,261 | -3.2% |
| Trade debts | 44 | €357 | €375 | +€18 | +5.1% |
| Suppliers | 440/4 | €357 | €375 | +€18 | +5.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,030,055 | €1,965,776 | -€64,280 | -3.2% |
| Accrued charges and deferred income | 492/3 | €750 | €1,600 | +€850 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,715 | €4,071 | +€356 | +9.6% |
| Other operating charges | 640/8 | €13,365 | €19,396 | +€6,032 | +45.1% |
| Gross operating margin | 9900 | -€44,978 | €52,053 | +€97,031 | |
| Operating profit (loss) | 9901 | -€62,057 | €28,586 | +€90,643 | |
| Financial income | 75/76B | €13,084 | €29,985 | +€16,901 | +129% |
| Recurring financial income | 75 | €13,084 | €29,985 | +€16,901 | +129% |
| Financial charges | 65/66B | €512 | €521 | +€9 | +1.8% |
| Recurring financial charges | 65 | €512 | €521 | +€9 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€49,485 | €58,050 | +€107,535 | |
| Income taxes | 67/77 | €977 | €7,988 | +€7,011 | +717% |
| Profit (loss) for the period | 9904 | -€50,462 | €50,062 | +€100,524 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,462 | €50,062 | +€100,524 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.