DLH MANAGEMENT: what changed
Two financial 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.
DLH MANAGEMENT
Largest movements
- Cash +€20,981
up €20,981 (+15.6%), from €134,285 to €155,265
mainly Net result for the year (+€102,683) and Depreciation (+€17,112)
- Intangible fixed assets -€17,112
down €17,112 (-100%), from €17,112 to €0
- Deferred charges and accrued income +€8,154
up €8,154 (+18,832%), from €43 to €8,197
- Receivables within one year +€3,421
up €3,421, from €0 to €3,421
of which Other amounts receivable: +€3,421
- Profit (loss) carried forward +€102,683
up €102,683 (+2,631%), from €3,902 to €106,585
- Other debts -€101,358
down €101,358 (-100%), from €101,358 to €0
- Debts after one year +€8,855
up €8,855 (+712%), from €1,244 to €10,099
- Current portion of long-term debt +€5,228
up €5,228 (+70.4%), from €7,425 to €12,654
- Tax, wage and social debts -€1,678
down €1,678 (-10.1%), from €16,689 to €15,011
of which Remuneration and social security: -€2,626
- Gross operating margin +€11,682
up €11,682 (+8.4%), from €139,606 to €151,288
- Taxes +€2,216
up €2,216 (+8.1%), from €27,265 to €29,481
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.
Derived cash bridge
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 | €151,803 | €167,247 | +€15,444 | +10.2% |
| Fixed assets | 21/28 | €17,475 | €363 | -€17,112 | -97.9% |
| Intangible fixed assets | 21 | €17,112 | €0 | -€17,112 | -100% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €134,328 | €166,884 | +€32,556 | +24.2% |
| Amounts receivable within one year | 40/41 | €0 | €3,421 | +€3,421 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €3,421 | +€3,421 | |
| Cash at bank and in hand | 54/58 | €134,285 | €155,265 | +€20,981 | +15.6% |
| Deferred charges and accrued income | 490/1 | €43 | €8,197 | +€8,154 | +18,832% |
| Total equity and liabilities | 10/49 | €151,803 | €167,247 | +€15,444 | +10.2% |
| Equity | 10/15 | €22,502 | €125,185 | +€102,683 | +456% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,902 | €106,585 | +€102,683 | +2,631% |
| Amounts payable | 17/49 | €129,301 | €42,062 | -€87,239 | -67.5% |
| Amounts payable after more than one year | 17 | €1,244 | €10,099 | +€8,855 | +712% |
| Financial debts | 170/4 | €1,244 | €10,099 | +€8,855 | +712% |
| Amounts payable within one year | 42/48 | €128,057 | €30,966 | -€97,091 | -75.8% |
| Current portion of amounts payable after more than one year | 42 | €7,425 | €12,654 | +€5,228 | +70.4% |
| Trade debts | 44 | €2,585 | €3,301 | +€717 | +27.7% |
| Suppliers | 440/4 | €2,585 | €3,301 | +€717 | +27.7% |
| Taxes, remuneration and social security | 45 | €16,689 | €15,011 | -€1,678 | -10.1% |
| Taxes | 450/3 | €14,063 | €15,011 | +€948 | +6.7% |
| Remuneration and social security | 454/9 | €2,626 | €0 | -€2,626 | -100% |
| Other amounts payable | 47/48 | €101,358 | €0 | -€101,358 | -100% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,148 | €17,112 | -€36 | -0.2% |
| Other operating charges | 640/8 | €511 | €799 | +€288 | +56.3% |
| Gross operating margin | 9900 | €139,606 | €151,288 | +€11,682 | +8.4% |
| Operating profit (loss) | 9901 | €121,947 | €133,377 | +€11,430 | +9.4% |
| Financial income | 75/76B | - | €79 | +€79 | |
| Recurring financial income | 75 | - | €79 | +€79 | |
| Financial charges | 65/66B | €217 | €1,291 | +€1,074 | +495% |
| Recurring financial charges | 65 | €217 | €1,291 | +€1,074 | +495% |
| Profit (loss) for the period before taxes | 9903 | €121,729 | €132,164 | +€10,435 | +8.6% |
| Income taxes | 67/77 | €27,265 | €29,481 | +€2,216 | +8.1% |
| Profit (loss) for the period | 9904 | €94,464 | €102,683 | +€8,219 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,464 | €102,683 | +€8,219 | +8.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.