DHS CONSTRUCTIONS: what changed
Two fiscal 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.
DHS CONSTRUCTIONS
Largest movements
- Tangible fixed assets +€30,339
up €30,339 (+21.7%), from €139,738 to €170,077
of which Furniture and vehicles: +€32,271
- Cash +€7,911
up €7,911 (+97.0%), from €8,157 to €16,068
mainly Depreciation (+€44,477) and Debts after one year (+€13,024)
- Receivables within one year -€6,186
down €6,186 (-44.3%), from €13,951 to €7,765
of which Other amounts receivable: -€9,603
- Deferred charges and accrued income -€3,220
down €3,220 (-87.6%), from €3,677 to €456
- Debts after one year +€13,024
up €13,024 (+24.5%), from €53,065 to €66,090
- Other debts +€11,604
up €11,604 (+304.3%), from €3,813 to €15,417
- Current portion of long-term debt +€8,253
up €8,253 (+55.0%), from €15,016 to €23,269
- Profit (loss) carried forward -€6,109
down €6,109 (-8.4%), from €72,333 to €66,225
- Depreciation +€15,068
up €15,068 (+51.2%), from €29,409 to €44,477
- Staff costs -€3,032
down €3,032, from €2,361 to -€671
- Financial charges +€1,508
up €1,508 (+71.6%), from €2,104 to €3,612
- Taxes -€1,280
down €1,280 (-26.8%), from €4,781 to €3,501
- Gross operating margin -€585
down €585 (-1.0%), from €57,600 to €57,015
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 | €165,523 | €194,366 | +€28,843 | +17.4% |
| Fixed assets | 21/28 | €139,738 | €170,077 | +€30,339 | +21.7% |
| Tangible fixed assets | 22/27 | €139,738 | €170,077 | +€30,339 | +21.7% |
| Land and buildings | 22 | €34,060 | €32,869 | -€1,191 | -3.5% |
| Plant, machinery and equipment | 23 | €22,721 | €21,981 | -€741 | -3.3% |
| Furniture and vehicles | 24 | €82,956 | €115,227 | +€32,271 | +38.9% |
| Current assets | 29/58 | €25,785 | €24,289 | -€1,496 | -5.8% |
| Amounts receivable within one year | 40/41 | €13,951 | €7,765 | -€6,186 | -44.3% |
| Trade receivables | 40 | €4,348 | €7,765 | +€3,417 | +78.6% |
| Other amounts receivable | 41 | €9,603 | - | -€9,603 | |
| Cash at bank and in hand | 54/58 | €8,157 | €16,068 | +€7,911 | +97.0% |
| Deferred charges and accrued income | 490/1 | €3,677 | €456 | -€3,220 | -87.6% |
| Total equity and liabilities | 10/49 | €165,523 | €194,366 | +€28,843 | +17.4% |
| Equity | 10/15 | €92,785 | €86,676 | -€6,109 | -6.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,333 | €66,225 | -€6,109 | -8.4% |
| Amounts payable | 17/49 | €72,738 | €107,690 | +€34,952 | +48.1% |
| Amounts payable after more than one year | 17 | €53,065 | €66,090 | +€13,024 | +24.5% |
| Financial debts | 170/4 | €53,065 | €66,090 | +€13,024 | +24.5% |
| Amounts payable within one year | 42/48 | €19,605 | €41,600 | +€21,995 | +112.2% |
| Current portion of amounts payable after more than one year | 42 | €15,016 | €23,269 | +€8,253 | +55.0% |
| Trade debts | 44 | €493 | €2,239 | +€1,746 | +354.0% |
| Suppliers | 440/4 | €493 | €2,239 | +€1,746 | +354.0% |
| Taxes, remuneration and social security | 45 | €284 | €675 | +€391 | +137.9% |
| Taxes | 450/3 | - | €675 | +€675 | |
| Remuneration and social security | 454/9 | €284 | - | -€284 | |
| Other amounts payable | 47/48 | €3,813 | €15,417 | +€11,604 | +304.3% |
| Accrued charges and deferred income | 492/3 | €67 | - | -€67 | |
| Remuneration, social security and pensions | 62 | €2,361 | -€671 | -€3,032 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,409 | €44,477 | +€15,068 | +51.2% |
| Other operating charges | 640/8 | €2,578 | €2,237 | -€341 | -13.2% |
| Gross operating margin | 9900 | €57,600 | €57,015 | -€585 | -1.0% |
| Operating profit (loss) | 9901 | €23,253 | €10,972 | -€12,280 | -52.8% |
| Financial income | 75/76B | €333 | €33 | -€300 | -90.2% |
| Recurring financial income | 75 | €333 | €33 | -€300 | -90.2% |
| Financial charges | 65/66B | €2,104 | €3,612 | +€1,508 | +71.6% |
| Recurring financial charges | 65 | €2,104 | €3,612 | +€1,508 | +71.6% |
| Profit (loss) for the period before taxes | 9903 | €21,481 | €7,393 | -€14,088 | -65.6% |
| Income taxes | 67/77 | €4,781 | €3,501 | -€1,280 | -26.8% |
| Profit (loss) for the period | 9904 | €16,700 | €3,891 | -€12,808 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,700 | €3,891 | -€12,808 | -76.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.