DHT-TVE: 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.
DHT-TVE
Largest movements
- Tangible fixed assets +€109,087
up €109,087 (+11.9%), from €913,452 to €1.0m
of which Land and buildings: +€68,380
- Cash -€33,553
down €33,553 (-75.4%), from €44,523 to €10,970
mainly Investment in fixed assets (net) (-€163,403) and Net result for the year (-€86,850)
- Debts after one year +€93,689
new in 2025: €93,689
- Profit (loss) carried forward -€86,850
down €86,850 (-42.8%), from -€202,795 to -€289,645
- Other debts +€60,727
up €60,727 (+24.3%), from €249,905 to €310,632
- Financial charges +€9,164
up €9,164 (+66.1%), from €13,866 to €23,030
- Depreciation +€3,389
up €3,389 (+6.7%), from €50,927 to €54,316
- Gross operating margin +€2,916
up €2,916 (+41.5%), from -€7,021 to -€4,105
- Other operating charges +€2,229
up €2,229 (+70.3%), from €3,171 to €5,400
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 | €957,975 | €1,034,205 | +€76,230 | +8.0% |
| Fixed assets | 21/28 | €913,452 | €1,022,539 | +€109,087 | +11.9% |
| Tangible fixed assets | 22/27 | €913,452 | €1,022,539 | +€109,087 | +11.9% |
| Land and buildings | 22 | €913,452 | €981,832 | +€68,380 | +7.5% |
| Furniture and vehicles | 24 | - | €40,707 | +€40,707 | |
| Current assets | 29/58 | €44,523 | €11,666 | -€32,856 | -73.8% |
| Cash at bank and in hand | 54/58 | €44,523 | €10,970 | -€33,553 | -75.4% |
| Deferred charges and accrued income | 490/1 | - | €697 | +€697 | |
| Total equity and liabilities | 10/49 | €957,975 | €1,034,205 | +€76,230 | +8.0% |
| Equity | 10/15 | €703,961 | €617,111 | -€86,850 | -12.3% |
| Contributions | 10/11 | €513,000 | €513,000 | = | 0.0% |
| Reserves | 13 | €393,755 | €393,755 | = | 0.0% |
| Tax-exempt reserves | 132 | €393,755 | €393,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€202,795 | -€289,645 | -€86,850 | -42.8% |
| Amounts payable | 17/49 | €254,014 | €417,095 | +€163,080 | +64.2% |
| Amounts payable after more than one year | 17 | - | €93,689 | +€93,689 | |
| Financial debts | 170/4 | - | €93,689 | +€93,689 | |
| Amounts payable within one year | 42/48 | €254,014 | €323,406 | +€69,391 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,816 | +€5,816 | |
| Trade debts | 44 | - | €441 | +€441 | |
| Suppliers | 440/4 | - | €441 | +€441 | |
| Taxes, remuneration and social security | 45 | €4,109 | €6,517 | +€2,407 | +58.6% |
| Taxes | 450/3 | €4,109 | €6,517 | +€2,407 | +58.6% |
| Other amounts payable | 47/48 | €249,905 | €310,632 | +€60,727 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,927 | €54,316 | +€3,389 | +6.7% |
| Other operating charges | 640/8 | €3,171 | €5,400 | +€2,229 | +70.3% |
| Gross operating margin | 9900 | -€7,021 | -€4,105 | +€2,916 | +41.5% |
| Operating profit (loss) | 9901 | -€61,118 | -€63,820 | -€2,702 | -4.4% |
| Financial charges | 65/66B | €13,866 | €23,030 | +€9,164 | +66.1% |
| Recurring financial charges | 65 | €13,866 | €23,030 | +€9,164 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | -€74,985 | -€86,850 | -€11,865 | -15.8% |
| Profit (loss) for the period | 9904 | -€74,985 | -€86,850 | -€11,865 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,985 | -€86,850 | -€11,865 | -15.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.