DP HM: 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.
DP HM
Largest movements
- Tangible fixed assets -€39,430
down €39,430 (-21.7%), from €181,405 to €141,975
of which Other tangible fixed assets: -€41,438
- Cash +€16,993
up €16,993 (+12.6%), from €135,242 to €152,235
mainly Depreciation (+€47,230) and Tax, wage and social debts (+€12,848)
- Receivables within one year -€10,274
down €10,274 (-40.0%), from €25,656 to €15,382
of which Other amounts receivable: -€9,282
- Trade debts -€29,400
down €29,400 (-51.9%), from €56,696 to €27,295
- Other debts -€23,504
down €23,504 (-72.6%), from €32,395 to €8,892
- Tax, wage and social debts +€12,848
up €12,848 (+42.9%), from €29,928 to €42,776
of which Remuneration and social security: +€23,007
- Profit (loss) carried forward +€4,944
up €4,944 (+2.4%), from €209,266 to €214,210
- Gross operating margin -€53,579
down €53,579 (-12.0%), from €448,246 to €394,667
- Staff costs +€41,184
up €41,184 (+14.3%), from €288,497 to €329,681
- Taxes -€11,260
down €11,260 (-81.0%), from €13,900 to €2,640
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 | €352,480 | €319,208 | -€33,272 | -9.4% |
| Fixed assets | 21/28 | €184,405 | €144,975 | -€39,430 | -21.4% |
| Tangible fixed assets | 22/27 | €181,405 | €141,975 | -€39,430 | -21.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €14,081 | €16,089 | +€2,007 | +14.3% |
| Other tangible fixed assets | 26 | €167,324 | €125,886 | -€41,438 | -24.8% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €168,075 | €174,233 | +€6,158 | +3.7% |
| Stocks and contracts in progress | 3 | €7,178 | €4,983 | -€2,195 | -30.6% |
| Stocks | 30/36 | €7,178 | €4,983 | -€2,195 | -30.6% |
| Amounts receivable within one year | 40/41 | €25,656 | €15,382 | -€10,274 | -40.0% |
| Trade receivables | 40 | €992 | €0 | -€992 | -100% |
| Other amounts receivable | 41 | €24,663 | €15,382 | -€9,282 | -37.6% |
| Cash at bank and in hand | 54/58 | €135,242 | €152,235 | +€16,993 | +12.6% |
| Deferred charges and accrued income | 490/1 | €0 | €1,634 | +€1,634 | |
| Total equity and liabilities | 10/49 | €352,480 | €319,208 | -€33,272 | -9.4% |
| Equity | 10/15 | €229,266 | €234,210 | +€4,944 | +2.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209,266 | €214,210 | +€4,944 | +2.4% |
| Amounts payable | 17/49 | €123,214 | €84,998 | -€38,216 | -31.0% |
| Amounts payable within one year | 42/48 | €123,214 | €84,037 | -€39,177 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €4,195 | €5,074 | +€879 | +21.0% |
| Trade debts | 44 | €56,696 | €27,295 | -€29,400 | -51.9% |
| Suppliers | 440/4 | €56,696 | €27,295 | -€29,400 | -51.9% |
| Taxes, remuneration and social security | 45 | €29,928 | €42,776 | +€12,848 | +42.9% |
| Taxes | 450/3 | €21,066 | €10,907 | -€10,159 | -48.2% |
| Remuneration and social security | 454/9 | €8,861 | €31,869 | +€23,007 | +260% |
| Other amounts payable | 47/48 | €32,395 | €8,892 | -€23,504 | -72.6% |
| Accrued charges and deferred income | 492/3 | - | €961 | +€961 | |
| Remuneration, social security and pensions | 62 | €288,497 | €329,681 | +€41,184 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,998 | €47,230 | +€232 | +0.5% |
| Other operating charges | 640/8 | €3,375 | €2,982 | -€393 | -11.6% |
| Non-recurring operating charges | 66A | €51,019 | €0 | -€51,019 | -100% |
| Gross operating margin | 9900 | €448,246 | €394,667 | -€53,579 | -12.0% |
| Operating profit (loss) | 9901 | €58,357 | €14,773 | -€43,583 | -74.7% |
| Financial income | 75/76B | €0 | €60 | +€60 | |
| Recurring financial income | 75 | €0 | €60 | +€60 | |
| Financial charges | 65/66B | €7,014 | €7,250 | +€236 | +3.4% |
| Recurring financial charges | 65 | €7,014 | €7,250 | +€236 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €51,343 | €7,584 | -€43,759 | -85.2% |
| Income taxes | 67/77 | €13,900 | €2,640 | -€11,260 | -81.0% |
| Profit (loss) for the period | 9904 | €37,443 | €4,944 | -€32,499 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,443 | €4,944 | -€32,499 | -86.8% |
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 29 October 2026 via checked.be.