DHR PARTNERS: 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.
DHR PARTNERS
Largest movements
- Cash -€236,068
down €236,068 (-74.6%), from €316,440 to €80,372
mainly Tax, wage and social debts (-€84,161) and Receivables within one year (-€83,813)
- Receivables within one year +€83,813
up €83,813 (+16.1%), from €519,596 to €603,409
of which Other amounts receivable: +€46,076
- Current investments +€67,500
new in 2025: €67,500
- Tangible fixed assets +€47,991
up €47,991 (+145%), from €33,034 to €81,026
of which Leasing and similar rights: +€36,204
- Reserves +€268,083
up €268,083 (+81.7%), from €328,067 to €596,150
- Profit (loss) carried forward -€215,750
down €215,750 (-80.5%), from €268,083 to €52,333
- Tax, wage and social debts -€84,161
down €84,161 (-45.3%), from €185,824 to €101,663
of which Taxes: -€83,668
- Trade debts -€40,296
down €40,296 (-87.7%), from €45,931 to €5,634
- Debts after one year +€20,006
up €20,006 (+127%), from €15,712 to €35,717
- Staff costs +€128,082
up €128,082 (+34.6%), from €370,675 to €498,757
- Gross operating margin -€109,660
down €109,660 (-14.3%), from €769,166 to €659,506
- Taxes -€74,819
down €74,819 (-79.0%), from €94,680 to €19,861
- Other operating charges +€22,193
up €22,193 (+292%), from €7,608 to €29,800
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 | €869,071 | €832,307 | -€36,764 | -4.2% |
| Fixed assets | 21/28 | €33,034 | €81,026 | +€47,991 | +145% |
| Tangible fixed assets | 22/27 | €33,034 | €81,026 | +€47,991 | +145% |
| Plant, machinery and equipment | 23 | €9,831 | €10,801 | +€970 | +9.9% |
| Furniture and vehicles | 24 | €3,420 | €14,238 | +€10,817 | +316% |
| Leasing and similar rights | 25 | €19,783 | €55,987 | +€36,204 | +183% |
| Current assets | 29/58 | €836,037 | €751,281 | -€84,755 | -10.1% |
| Amounts receivable within one year | 40/41 | €519,596 | €603,409 | +€83,813 | +16.1% |
| Trade receivables | 40 | €169,085 | €206,822 | +€37,737 | +22.3% |
| Other amounts receivable | 41 | €350,511 | €396,587 | +€46,076 | +13.1% |
| Current investments | 50/53 | - | €67,500 | +€67,500 | |
| Cash at bank and in hand | 54/58 | €316,440 | €80,372 | -€236,068 | -74.6% |
| Total equity and liabilities | 10/49 | €869,071 | €832,307 | -€36,764 | -4.2% |
| Equity | 10/15 | €614,700 | €667,033 | +€52,333 | +8.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €328,067 | €596,150 | +€268,083 | +81.7% |
| Distributable reserves | 133 | €328,067 | €596,150 | +€268,083 | +81.7% |
| Profit (loss) carried forward | 14 | €268,083 | €52,333 | -€215,750 | -80.5% |
| Amounts payable | 17/49 | €254,371 | €165,274 | -€89,097 | -35.0% |
| Amounts payable after more than one year | 17 | €15,712 | €35,717 | +€20,006 | +127% |
| Financial debts | 170/4 | €15,712 | €35,717 | +€20,006 | +127% |
| Amounts payable within one year | 42/48 | €238,659 | €129,556 | -€109,103 | -45.7% |
| Current portion of amounts payable after more than one year | 42 | - | €14,661 | +€14,661 | |
| Trade debts | 44 | €45,931 | €5,634 | -€40,296 | -87.7% |
| Suppliers | 440/4 | €45,931 | €5,634 | -€40,296 | -87.7% |
| Taxes, remuneration and social security | 45 | €185,824 | €101,663 | -€84,161 | -45.3% |
| Taxes | 450/3 | €120,363 | €36,695 | -€83,668 | -69.5% |
| Remuneration and social security | 454/9 | €65,461 | €64,968 | -€493 | -0.8% |
| Other amounts payable | 47/48 | €6,905 | €7,598 | +€693 | +10.0% |
| Remuneration, social security and pensions | 62 | €370,675 | €498,757 | +€128,082 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,097 | €14,560 | +€3,463 | +31.2% |
| Other operating charges | 640/8 | €7,608 | €29,800 | +€22,193 | +292% |
| Gross operating margin | 9900 | €769,166 | €659,506 | -€109,660 | -14.3% |
| Operating profit (loss) | 9901 | €379,787 | €116,388 | -€263,398 | -69.4% |
| Financial income | 75/76B | €13,643 | €19,462 | +€5,819 | +42.7% |
| Recurring financial income | 75 | €13,643 | €19,462 | +€5,819 | +42.7% |
| Financial charges | 65/66B | €2,162 | €7,405 | +€5,244 | +243% |
| Recurring financial charges | 65 | €2,162 | €7,405 | +€5,244 | +243% |
| Profit (loss) for the period before taxes | 9903 | €391,268 | €128,445 | -€262,823 | -67.2% |
| Income taxes | 67/77 | €94,680 | €19,861 | -€74,819 | -79.0% |
| Profit (loss) for the period | 9904 | €296,588 | €108,584 | -€188,004 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €296,588 | €108,584 | -€188,004 | -63.4% |
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 21 October 2026 via checked.be.