DHOW CONSULT: 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.
DHOW CONSULT
Largest movements
- Tangible fixed assets -€19,511
down €19,511 (-37.5%), from €51,974 to €32,463
- Cash -€17,995
down €17,995 (-13.7%), from €131,606 to €113,610
mainly Contributions, distributions and other (-€39,929) and Debts after one year (-€9,603)
- Receivables within one year -€5,166
down €5,166 (-32.8%), from €15,743 to €10,577
of which Trade receivables: -€13,425
- Profit (loss) carried forward -€33,806
down €33,806 (-22.9%), from €147,760 to €113,955
- Debts after one year -€9,603
down €9,603 (-36.3%), from €26,456 to €16,853
- Tax, wage and social debts +€6,472
up €6,472 (+125.3%), from €5,165 to €11,637
of which Remuneration and social security: +€6,863
- Trade debts -€3,764
down €3,764 (-51.1%), from €7,366 to €3,603
- Gross operating margin -€23,766
down €23,766 (-18.7%), from €126,800 to €103,034
- Staff costs +€21,429
up €21,429 (+107.7%), from €19,898 to €41,327
- Purchases and services +€15,642
up €15,642 (+6.0%), from €261,319 to €276,961
- Turnover -€8,125
down €8,125 (-2.1%), from €388,119 to €379,995
- Depreciation +€6,905
up €6,905 (+54.8%), from €12,606 to €19,511
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 | €199,322 | €156,650 | -€42,672 | -21.4% |
| Fixed assets | 21/28 | €51,974 | €32,463 | -€19,511 | -37.5% |
| Tangible fixed assets | 22/27 | €51,974 | €32,463 | -€19,511 | -37.5% |
| Furniture and vehicles | 24 | €51,974 | €32,463 | -€19,511 | -37.5% |
| Current assets | 29/58 | €147,348 | €124,187 | -€23,161 | -15.7% |
| Amounts receivable within one year | 40/41 | €15,743 | €10,577 | -€5,166 | -32.8% |
| Trade receivables | 40 | €13,425 | - | -€13,425 | |
| Other amounts receivable | 41 | €2,317 | €10,577 | +€8,259 | +356.4% |
| Cash at bank and in hand | 54/58 | €131,606 | €113,610 | -€17,995 | -13.7% |
| Total equity and liabilities | 10/49 | €199,322 | €156,650 | -€42,672 | -21.4% |
| Equity | 10/15 | €148,760 | €114,955 | -€33,806 | -22.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,760 | €113,955 | -€33,806 | -22.9% |
| Amounts payable | 17/49 | €50,562 | €41,695 | -€8,867 | -17.5% |
| Amounts payable after more than one year | 17 | €26,456 | €16,853 | -€9,603 | -36.3% |
| Financial debts | 170/4 | €26,456 | €16,853 | -€9,603 | -36.3% |
| Amounts payable within one year | 42/48 | €24,106 | €24,842 | +€736 | +3.1% |
| Financial debts | 43 | €11,575 | €9,603 | -€1,973 | -17.0% |
| Credit institutions | 430/8 | €11,575 | €9,603 | -€1,973 | -17.0% |
| Trade debts | 44 | €7,366 | €3,603 | -€3,764 | -51.1% |
| Suppliers | 440/4 | €7,366 | €3,603 | -€3,764 | -51.1% |
| Taxes, remuneration and social security | 45 | €5,165 | €11,637 | +€6,472 | +125.3% |
| Taxes | 450/3 | €5,165 | €4,774 | -€391 | -7.6% |
| Remuneration and social security | 454/9 | - | €6,863 | +€6,863 | |
| Turnover | 70 | €388,119 | €379,995 | -€8,125 | -2.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €261,319 | €276,961 | +€15,642 | +6.0% |
| Remuneration, social security and pensions | 62 | €19,898 | €41,327 | +€21,429 | +107.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,606 | €19,511 | +€6,905 | +54.8% |
| Other operating charges | 640/8 | €3,672 | €8,097 | +€4,425 | +120.5% |
| Gross operating margin | 9900 | €126,800 | €103,034 | -€23,766 | -18.7% |
| Operating profit (loss) | 9901 | €90,625 | €34,100 | -€56,525 | -62.4% |
| Financial charges | 65/66B | €1,545 | €4,973 | +€3,428 | +221.9% |
| Recurring financial charges | 65 | €1,545 | €4,973 | +€3,428 | +221.9% |
| Profit (loss) for the period before taxes | 9903 | €89,080 | €29,127 | -€59,953 | -67.3% |
| Income taxes | 67/77 | €24,000 | €23,004 | -€996 | -4.2% |
| Profit (loss) for the period | 9904 | €65,080 | €6,123 | -€58,957 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,080 | €6,123 | -€58,957 | -90.6% |
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 10 October 2026 via checked.be.