DHV: 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.
What changed
DHV
NACE 46.861, Wholesale of diamonds and other precious stones
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€25,091
2024 · €15,537+€9,554
Equity
€4.0m
2024 · €3.9m+€25,091
Cash
€91,482
2024 · €16,303+€75,179
Balance sheet total
€14.7m
2024 · €16.1m-€1.4m
Largest movements
Assets
- Receivables within one year -€846,863
down €846,863 (-18.7%), from €4.5m to €3.7m
of which Trade receivables: -€754,879
- Stocks and contracts -€629,859
down €629,859 (-6.8%), from €9.2m to €8.6m
Equity and liabilities
- Trade debts -€1.2m
down €1.2m (-29.5%), from €3.9m to €2.8m
- Other debts -€169,812
down €169,812 (-2.7%), from €6.3m to €6.1m
Income statement
- Gross operating margin -€42,848
down €42,848 (-10.8%), from €395,325 to €352,477
- Taxes -€30,549
down €30,549, from €6,842 to -€23,708
- Staff costs -€12,072
down €12,072 (-3.8%), from €314,123 to €302,051
- Financial income +€10,488
up €10,488 (+2871.2%), from €365 to €10,853
- Depreciation +€6,009
up €6,009 (+16.9%), from €35,593 to €41,602
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.
Result 2024
€15,537
Gross operating margin
-€42,848
Staff costs
+€12,072
Depreciation
-€6,009
Other operating charges
+€4,802
Financial income
+€10,488
Financial charges
+€501
Taxes
+€30,549
Result 2025
€25,091
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.
From operations
+€128,118
Investment
-€42,123
Financing
-€10,816
Cash 2024
€16,303
From operations (derived)
+€128,118
Net result for the year
+€25,091
Depreciation
+€41,602
Stocks and contracts
+€629,859
Receivables within one year
+€846,863
Deferred charges and accrued income
+€3,324
Trade debts
-€1.2m
Tax, wage and social debts
-€65,745
Other debts
-€169,812
Accrued charges and deferred income
-€26,130
Investment (derived)
-€42,123
Investment in fixed assets (net)
-€42,123
Financing
-€10,816
Debts after one year
-€13,405
Current portion of long-term debt
+€2,589
Cash 2025
€91,482
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,137,763 | €14,733,418 | -€1.4m | -8.7% |
| Fixed assets | 21/28 | €2,375,136 | €2,375,657 | +€520 | 0.0% |
| Tangible fixed assets | 22/27 | €2,373,835 | €2,374,356 | +€520 | 0.0% |
| Land and buildings | 22 | €2,304,107 | €2,285,213 | -€18,895 | -0.8% |
| Plant, machinery and equipment | 23 | €20,217 | €53,198 | +€32,980 | +163.1% |
| Furniture and vehicles | 24 | €49,511 | €35,945 | -€13,565 | -27.4% |
| Financial fixed assets | 28 | €1,301 | €1,301 | = | 0.0% |
| Current assets | 29/58 | €13,762,627 | €12,357,761 | -€1.4m | -10.2% |
| Stocks and contracts in progress | 3 | €9,217,123 | €8,587,264 | -€629,859 | -6.8% |
| Stocks | 30/36 | €9,217,123 | €8,587,264 | -€629,859 | -6.8% |
| Amounts receivable within one year | 40/41 | €4,525,877 | €3,679,015 | -€846,863 | -18.7% |
| Trade receivables | 40 | €1,463,956 | €709,077 | -€754,879 | -51.6% |
| Other amounts receivable | 41 | €3,061,922 | €2,969,938 | -€91,984 | -3.0% |
| Cash at bank and in hand | 54/58 | €16,303 | €91,482 | +€75,179 | +461.1% |
| Deferred charges and accrued income | 490/1 | €3,324 | - | -€3,324 | |
| Total equity and liabilities | 10/49 | €16,137,763 | €14,733,418 | -€1.4m | -8.7% |
| Equity | 10/15 | €3,926,318 | €3,951,409 | +€25,091 | +0.6% |
| Contributions | 10/11 | €5,765,738 | €5,765,738 | = | 0.0% |
| Reserves | 13 | €4,400,448 | €4,400,448 | = | 0.0% |
| Distributable reserves | 133 | €4,400,448 | €4,400,448 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,239,869 | -€6,214,777 | +€25,091 | +0.4% |
| Amounts payable | 17/49 | €12,211,446 | €10,782,009 | -€1.4m | -11.7% |
| Amounts payable after more than one year | 17 | €1,771,578 | €1,758,174 | -€13,405 | -0.8% |
| Financial debts | 170/4 | €1,771,578 | €1,758,174 | -€13,405 | -0.8% |
| Amounts payable within one year | 42/48 | €10,374,070 | €8,984,168 | -€1.4m | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €10,816 | €13,405 | +€2,589 | +23.9% |
| Trade debts | 44 | €3,927,908 | €2,770,973 | -€1.2m | -29.5% |
| Suppliers | 440/4 | €3,927,908 | €2,770,973 | -€1.2m | -29.5% |
| Taxes, remuneration and social security | 45 | €143,720 | €77,975 | -€65,745 | -45.7% |
| Taxes | 450/3 | €74,874 | €6,744 | -€68,130 | -91.0% |
| Remuneration and social security | 454/9 | €68,846 | €71,231 | +€2,386 | +3.5% |
| Other amounts payable | 47/48 | €6,291,627 | €6,121,815 | -€169,812 | -2.7% |
| Accrued charges and deferred income | 492/3 | €65,797 | €39,667 | -€26,130 | -39.7% |
| Non-recurring operating income | 76A | €1,983 | - | -€1,983 | |
| Remuneration, social security and pensions | 62 | €314,123 | €302,051 | -€12,072 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,593 | €41,602 | +€6,009 | +16.9% |
| Other operating charges | 640/8 | €15,387 | €10,585 | -€4,802 | -31.2% |
| Gross operating margin | 9900 | €395,325 | €352,477 | -€42,848 | -10.8% |
| Operating profit (loss) | 9901 | €30,221 | -€1,762 | -€31,983 | |
| Financial income | 75/76B | €365 | €10,853 | +€10,488 | +2871.2% |
| Recurring financial income | 75 | €365 | €10,853 | +€10,488 | +2871.2% |
| Financial charges | 65/66B | €8,208 | €7,707 | -€501 | -6.1% |
| Recurring financial charges | 65 | €8,208 | €7,707 | -€501 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €22,378 | €1,384 | -€20,995 | -93.8% |
| Income taxes | 67/77 | €6,842 | -€23,708 | -€30,549 | |
| Profit (loss) for the period | 9904 | €15,537 | €25,091 | +€9,554 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,537 | €25,091 | +€9,554 | +61.5% |
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 2 October 2026 via checked.be.