DHOTON: 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.
DHOTON
Largest movements
- Cash +€1.0m
up €1.0m (+283%), from €354,678 to €1.4m
mainly Current investments (+€750,000) and Net result for the year (+€334,879)
- Current investments -€750,000
down €750,000 (-100%), from €750,000 to €0
- Reserves +€334,879
up €334,879 (+25.3%), from €1.3m to €1.7m
- Other debts -€92,221
down €92,221 (-43.9%), from €209,866 to €117,645
- Financial income +€64,432
up €64,432 (+32.0%), from €201,190 to €265,621
- Staff costs +€49,111
up €49,111 (+22.5%), from €217,895 to €267,005
- Gross operating margin +€37,363
up €37,363 (+9.4%), from €395,674 to €433,037
- Depreciation +€5,561
up €5,561 (+57.1%), from €9,740 to €15,301
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 | €1,675,473 | €1,932,965 | +€257,492 | +15.4% |
| Fixed assets | 21/28 | €517,756 | €533,411 | +€15,655 | +3.0% |
| Tangible fixed assets | 22/27 | €17,756 | €33,411 | +€15,655 | +88.2% |
| Plant, machinery and equipment | 23 | €462 | €315 | -€147 | -31.8% |
| Furniture and vehicles | 24 | €17,010 | €33,078 | +€16,068 | +94.5% |
| Other tangible fixed assets | 26 | €283 | €18 | -€265 | -93.7% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €1,157,717 | €1,399,554 | +€241,837 | +20.9% |
| Amounts receivable within one year | 40/41 | €38,526 | €38,837 | +€311 | +0.8% |
| Trade receivables | 40 | €38,526 | €38,837 | +€311 | +0.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €750,000 | €0 | -€750,000 | -100% |
| Cash at bank and in hand | 54/58 | €354,678 | €1,357,455 | +€1.0m | +283% |
| Deferred charges and accrued income | 490/1 | €14,513 | €3,261 | -€11,251 | -77.5% |
| Total equity and liabilities | 10/49 | €1,675,473 | €1,932,965 | +€257,492 | +15.4% |
| Equity | 10/15 | €1,341,430 | €1,676,309 | +€334,879 | +25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,322,830 | €1,657,709 | +€334,879 | +25.3% |
| Distributable reserves | 133 | €1,322,830 | €1,657,709 | +€334,879 | +25.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €334,043 | €256,656 | -€77,387 | -23.2% |
| Amounts payable within one year | 42/48 | €324,012 | €248,209 | -€75,802 | -23.4% |
| Trade debts | 44 | €4,852 | €4,522 | -€330 | -6.8% |
| Suppliers | 440/4 | €4,852 | €4,522 | -€330 | -6.8% |
| Taxes, remuneration and social security | 45 | €109,294 | €126,043 | +€16,748 | +15.3% |
| Taxes | 450/3 | €76,057 | €87,451 | +€11,394 | +15.0% |
| Remuneration and social security | 454/9 | €33,237 | €38,591 | +€5,354 | +16.1% |
| Other amounts payable | 47/48 | €209,866 | €117,645 | -€92,221 | -43.9% |
| Accrued charges and deferred income | 492/3 | €10,031 | €8,447 | -€1,585 | -15.8% |
| Non-recurring operating income | 76A | - | €10,331 | +€10,331 | |
| Remuneration, social security and pensions | 62 | €217,895 | €267,005 | +€49,111 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,740 | €15,301 | +€5,561 | +57.1% |
| Other operating charges | 640/8 | €1,844 | €2,588 | +€744 | +40.3% |
| Gross operating margin | 9900 | €395,674 | €433,037 | +€37,363 | +9.4% |
| Operating profit (loss) | 9901 | €166,196 | €148,143 | -€18,053 | -10.9% |
| Financial income | 75/76B | €201,190 | €265,621 | +€64,432 | +32.0% |
| Recurring financial income | 75 | €201,190 | €265,621 | +€64,432 | +32.0% |
| Financial charges | 65/66B | €9,909 | €8,679 | -€1,230 | -12.4% |
| Recurring financial charges | 65 | €9,909 | €8,679 | -€1,230 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €357,477 | €405,086 | +€47,609 | +13.3% |
| Income taxes | 67/77 | €66,599 | €70,207 | +€3,607 | +5.4% |
| Profit (loss) for the period | 9904 | €290,877 | €334,879 | +€44,002 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €290,877 | €334,879 | +€44,002 | +15.1% |
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 24 October 2026 via checked.be.