DHS FINANCE GROUP: what changed
What changed
DHS FINANCE GROUP
NACE 64.922, Financial service activities, except insurance and pension funding
filed annual accounts (NBB)
Net result for the year
€25,185
2024 · €39,179-€13,994
Equity
€576,761
2024 · €551,576+€25,185
Cash
€66,016
2024 · €590+€65,427
Balance sheet total
€736,166
2024 · €573,841+€162,325
Largest movements
Assets
- Financial fixed assets -€417,750
down €417,750 (-99.5%), from €420,000 to €2,250
- Intangible fixed assets +€177,765
new in 2025: €177,765
- Receivables within one year +€156,855
up €156,855 (+102%), from €153,252 to €310,106
- Tangible fixed assets +€116,627
new in 2025: €116,627
of which Furniture and vehicles: +€104,333
- Cash +€65,427
up €65,427 (+11,097%), from €590 to €66,016
mainly Depreciation (+€93,371) and Debts after one year (+€55,576)
Equity and liabilities
- Debts after one year +€55,576
new in 2025: €55,576
- Tax, wage and social debts +€35,479
up €35,479 (+178%), from €19,938 to €55,417
of which Remuneration and social security: +€55,417
- Reserves +€25,185
up €25,185 (+4.7%), from €532,984 to €558,169
of which Distributable reserves: +€25,185
- Current portion of long-term debt +€21,249
new in 2025: €21,249
- Short-term financial debts +€14,966
new in 2025: €14,966
Income statement
- Gross operating margin +€127,116
up €127,116 (+233%), from €54,584 to €181,699
- Depreciation +€93,371
new in 2025: €93,371
- Staff costs +€42,840
new in 2025: €42,840
- Financial charges +€4,911
up €4,911 (+1,755%), from €280 to €5,190
- Other operating charges +€2,966
up €2,966 (+660%), from €449 to €3,416
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€39,179
Gross operating margin
+€127,116
Staff costs
-€42,840
Depreciation
-€93,371
Other operating charges
-€2,966
Financial income
+€502
Financial charges
-€4,911
Taxes
+€2,477
Result 2025
€25,185
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€56,352
Investment
+€29,987
Financing
+€91,791
Cash 2024
€590
From operations (derived)
-€56,352
Net result for the year
+€25,185
Depreciation
+€93,371
Receivables after one year
-€23,293
Receivables within one year
-€156,855
Deferred charges and accrued income
-€40,109
Trade debts
+€9,909
Tax, wage and social debts
+€35,479
Other debts
-€39
Investment (derived)
+€29,987
Investment in fixed assets (net)
+€29,987
Financing
+€91,791
Debts after one year
+€55,576
Current portion of long-term debt
+€21,249
Short-term financial debts
+€14,966
Cash 2025
€66,016
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €573,841 | €736,166 | +€162,325 | +28.3% |
| Fixed assets | 21/28 | €420,000 | €296,642 | -€123,358 | -29.4% |
| Intangible fixed assets | 21 | - | €177,765 | +€177,765 | |
| Tangible fixed assets | 22/27 | - | €116,627 | +€116,627 | |
| Plant, machinery and equipment | 23 | - | €12,294 | +€12,294 | |
| Furniture and vehicles | 24 | - | €104,333 | +€104,333 | |
| Financial fixed assets | 28 | €420,000 | €2,250 | -€417,750 | -99.5% |
| Current assets | 29/58 | €153,841 | €439,525 | +€285,683 | +186% |
| Amounts receivable after more than one year | 29 | - | €23,293 | +€23,293 | |
| Other amounts receivable | 291 | - | €23,293 | +€23,293 | |
| Amounts receivable within one year | 40/41 | €153,252 | €310,106 | +€156,855 | +102% |
| Other amounts receivable | 41 | €153,252 | €310,106 | +€156,855 | +102% |
| Cash at bank and in hand | 54/58 | €590 | €66,016 | +€65,427 | +11,097% |
| Deferred charges and accrued income | 490/1 | - | €40,109 | +€40,109 | |
| Total equity and liabilities | 10/49 | €573,841 | €736,166 | +€162,325 | +28.3% |
| Equity | 10/15 | €551,576 | €576,761 | +€25,185 | +4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €532,984 | €558,169 | +€25,185 | +4.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €531,125 | €556,310 | +€25,185 | +4.7% |
| Amounts payable | 17/49 | €22,265 | €159,405 | +€137,140 | +616% |
| Amounts payable after more than one year | 17 | - | €55,576 | +€55,576 | |
| Financial debts | 170/4 | - | €55,576 | +€55,576 | |
| Amounts payable within one year | 42/48 | €22,265 | €103,829 | +€81,564 | +366% |
| Current portion of amounts payable after more than one year | 42 | - | €21,249 | +€21,249 | |
| Financial debts | 43 | - | €14,966 | +€14,966 | |
| Credit institutions | 430/8 | - | €14,966 | +€14,966 | |
| Trade debts | 44 | €2,288 | €12,197 | +€9,909 | +433% |
| Suppliers | 440/4 | €2,288 | €12,197 | +€9,909 | +433% |
| Taxes, remuneration and social security | 45 | €19,938 | €55,417 | +€35,479 | +178% |
| Taxes | 450/3 | €19,938 | - | -€19,938 | |
| Remuneration and social security | 454/9 | - | €55,417 | +€55,417 | |
| Other amounts payable | 47/48 | €39 | - | -€39 | |
| Remuneration, social security and pensions | 62 | - | €42,840 | +€42,840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €93,371 | +€93,371 | |
| Other operating charges | 640/8 | €449 | €3,416 | +€2,966 | +660% |
| Gross operating margin | 9900 | €54,584 | €181,699 | +€127,116 | +233% |
| Operating profit (loss) | 9901 | €54,134 | €42,072 | -€12,062 | -22.3% |
| Financial income | 75/76B | - | €502 | +€502 | |
| Recurring financial income | 75 | - | €502 | +€502 | |
| Financial charges | 65/66B | €280 | €5,190 | +€4,911 | +1,755% |
| Recurring financial charges | 65 | €280 | €5,190 | +€4,911 | +1,755% |
| Profit (loss) for the period before taxes | 9903 | €53,855 | €37,384 | -€16,471 | -30.6% |
| Income taxes | 67/77 | €14,675 | €12,198 | -€2,477 | -16.9% |
| Profit (loss) for the period | 9904 | €39,179 | €25,185 | -€13,994 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,179 | €25,185 | -€13,994 | -35.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.