DHS Group: 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 Group
Largest movements
- Tangible fixed assets -€15,361
down €15,361 (-5.1%), from €301,061 to €285,700
of which Land and buildings: -€9,491
- Debts after one year -€14,546
down €14,546 (-5.7%), from €255,492 to €240,946
- Other debts -€13,075
down €13,075 (-42.5%), from €30,798 to €17,724
- Reserves +€6,585
up €6,585 (+121.7%), from €5,412 to €11,997
- Tax, wage and social debts +€4,909
up €4,909 (+552.5%), from €889 to €5,798
- Trade debts -€4,722
down €4,722 (-93.4%), from €5,058 to €336
- Gross operating margin +€19,564
up €19,564 (+83.9%), from €23,316 to €42,881
- Taxes +€2,482
new in 2025: €2,482
- Other operating charges +€1,708
up €1,708 (+112.3%), from €1,521 to €3,229
- Depreciation +€569
up €569 (+2.7%), from €21,096 to €21,664
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 | €308,718 | €292,347 | -€16,371 | -5.3% |
| Fixed assets | 21/28 | €301,061 | €285,700 | -€15,361 | -5.1% |
| Tangible fixed assets | 22/27 | €301,061 | €285,700 | -€15,361 | -5.1% |
| Land and buildings | 22 | €270,709 | €261,218 | -€9,491 | -3.5% |
| Plant, machinery and equipment | 23 | €12,439 | €13,402 | +€962 | +7.7% |
| Furniture and vehicles | 24 | €17,913 | €11,080 | -€6,833 | -38.1% |
| Current assets | 29/58 | €7,656 | €6,647 | -€1,009 | -13.2% |
| Amounts receivable within one year | 40/41 | €7,274 | €6,355 | -€920 | -12.6% |
| Trade receivables | 40 | €6,970 | €6,050 | -€920 | -13.2% |
| Other amounts receivable | 41 | €305 | €305 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €382 | €292 | -€90 | -23.5% |
| Total equity and liabilities | 10/49 | €308,718 | €292,347 | -€16,371 | -5.3% |
| Equity | 10/15 | €2,178 | €12,997 | +€10,819 | +496.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €5,412 | €11,997 | +€6,585 | +121.7% |
| Distributable reserves | 133 | €5,412 | €11,997 | +€6,585 | +121.7% |
| Profit (loss) carried forward | 14 | -€4,234 | - | +€4,234 | |
| Amounts payable | 17/49 | €306,540 | €279,350 | -€27,190 | -8.9% |
| Amounts payable after more than one year | 17 | €255,492 | €240,946 | -€14,546 | -5.7% |
| Financial debts | 170/4 | €255,492 | €240,946 | -€14,546 | -5.7% |
| Amounts payable within one year | 42/48 | €51,048 | €38,404 | -€12,644 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €14,303 | €14,546 | +€243 | +1.7% |
| Trade debts | 44 | €5,058 | €336 | -€4,722 | -93.4% |
| Suppliers | 440/4 | €5,058 | €336 | -€4,722 | -93.4% |
| Taxes, remuneration and social security | 45 | €889 | €5,798 | +€4,909 | +552.5% |
| Taxes | 450/3 | €889 | €5,798 | +€4,909 | +552.5% |
| Other amounts payable | 47/48 | €30,798 | €17,724 | -€13,075 | -42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,096 | €21,664 | +€569 | +2.7% |
| Other operating charges | 640/8 | €1,521 | €3,229 | +€1,708 | +112.3% |
| Gross operating margin | 9900 | €23,316 | €42,881 | +€19,564 | +83.9% |
| Operating profit (loss) | 9901 | €699 | €17,987 | +€17,288 | +2473.6% |
| Financial charges | 65/66B | €4,933 | €4,686 | -€247 | -5.0% |
| Recurring financial charges | 65 | €4,933 | €4,686 | -€247 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,234 | €13,301 | +€17,535 | |
| Income taxes | 67/77 | - | €2,482 | +€2,482 | |
| Profit (loss) for the period | 9904 | -€4,234 | €10,819 | +€15,054 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,234 | €10,819 | +€15,054 |
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 6 October 2026 via checked.be.