DMHC: 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.
DMHC
Largest movements
- Receivables within one year +€28,538
up €28,538 (+17.7%), from €160,995 to €189,533
of which Other amounts receivable: +€26,673
- Cash +€27,101
up €27,101 (+8.8%), from €306,766 to €333,867
mainly Net result for the year (+€163,916) and Depreciation (+€34,178)
- Tangible fixed assets -€19,334
down €19,334 (-12.2%), from €158,529 to €139,195
- Reserves +€74,788
up €74,788 (+10.7%), from €701,708 to €776,495
- Tax, wage and social debts -€13,711
down €13,711 (-28.8%), from €47,587 to €33,876
of which Taxes: -€12,214
- Debts after one year -€10,255
down €10,255 (-16.6%), from €61,632 to €51,377
- Depreciation -€17,604
down €17,604 (-34.0%), from €51,781 to €34,178
- Gross operating margin -€10,856
down €10,856 (-3.5%), from €314,468 to €303,612
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 | €852,432 | €894,956 | +€42,524 | +5.0% |
| Fixed assets | 21/28 | €159,946 | €141,103 | -€18,844 | -11.8% |
| Intangible fixed assets | 21 | €1,367 | €1,858 | +€490 | +35.9% |
| Tangible fixed assets | 22/27 | €158,529 | €139,195 | -€19,334 | -12.2% |
| Land and buildings | 22 | €120,262 | €112,215 | -€8,047 | -6.7% |
| Plant, machinery and equipment | 23 | €14,710 | €9,734 | -€4,977 | -33.8% |
| Furniture and vehicles | 24 | €23,556 | €17,246 | -€6,310 | -26.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €692,486 | €753,854 | +€61,368 | +8.9% |
| Amounts receivable after more than one year | 29 | €160,000 | €160,000 | = | 0.0% |
| Other amounts receivable | 291 | €160,000 | €160,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €160,995 | €189,533 | +€28,538 | +17.7% |
| Trade receivables | 40 | €0 | €1,865 | +€1,865 | |
| Other amounts receivable | 41 | €160,995 | €187,669 | +€26,673 | +16.6% |
| Cash at bank and in hand | 54/58 | €306,766 | €333,867 | +€27,101 | +8.8% |
| Deferred charges and accrued income | 490/1 | €64,725 | €70,453 | +€5,728 | +8.9% |
| Total equity and liabilities | 10/49 | €852,432 | €894,956 | +€42,524 | +5.0% |
| Equity | 10/15 | €714,108 | €788,895 | +€74,788 | +10.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €701,708 | €776,495 | +€74,788 | +10.7% |
| Distributable reserves | 133 | €701,708 | €776,495 | +€74,788 | +10.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €138,324 | €106,061 | -€32,263 | -23.3% |
| Amounts payable after more than one year | 17 | €61,632 | €51,377 | -€10,255 | -16.6% |
| Financial debts | 170/4 | €61,632 | €51,377 | -€10,255 | -16.6% |
| Amounts payable within one year | 42/48 | €76,693 | €54,684 | -€22,009 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €17,220 | €10,255 | -€6,966 | -40.4% |
| Trade debts | 44 | €11,886 | €10,554 | -€1,332 | -11.2% |
| Suppliers | 440/4 | €11,886 | €10,554 | -€1,332 | -11.2% |
| Taxes, remuneration and social security | 45 | €47,587 | €33,876 | -€13,711 | -28.8% |
| Taxes | 450/3 | €41,244 | €29,030 | -€12,214 | -29.6% |
| Remuneration and social security | 454/9 | €6,343 | €4,846 | -€1,497 | -23.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €34,911 | €35,093 | +€181 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,781 | €34,178 | -€17,604 | -34.0% |
| Other operating charges | 640/8 | €1,279 | €1,363 | +€84 | +6.6% |
| Gross operating margin | 9900 | €314,468 | €303,612 | -€10,856 | -3.5% |
| Operating profit (loss) | 9901 | €226,496 | €232,978 | +€6,482 | +2.9% |
| Financial income | 75/76B | €4,120 | €5,156 | +€1,036 | +25.2% |
| Recurring financial income | 75 | €4,120 | €5,156 | +€1,036 | +25.2% |
| Financial charges | 65/66B | €2,196 | €1,993 | -€203 | -9.2% |
| Recurring financial charges | 65 | €2,196 | €1,993 | -€203 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €228,420 | €236,141 | +€7,721 | +3.4% |
| Income taxes | 67/77 | €69,752 | €72,226 | +€2,474 | +3.5% |
| Profit (loss) for the period | 9904 | €158,668 | €163,916 | +€5,248 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €158,668 | €163,916 | +€5,248 | +3.3% |
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 7 October 2026 via checked.be.