DSDH 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.
DSDH MANAGEMENT
Largest movements
- Receivables within one year +€174,370
up €174,370 (+76.1%), from €229,232 to €403,602
of which Other amounts receivable: +€172,730
- Tangible fixed assets +€17,653
up €17,653 (+418.0%), from €4,223 to €21,876
- Cash -€7,118
down €7,118 (-11.6%), from €61,193 to €54,075
mainly Receivables within one year (-€174,370) and Investment in fixed assets (net) (-€20,264)
- Deferred charges and accrued income +€4,921
up €4,921 (+262.2%), from €1,876 to €6,797
- Profit (loss) carried forward +€147,524
new in 2025: €147,524
- Tax, wage and social debts +€41,197
up €41,197 (+51.8%), from €79,563 to €120,759
- Taxes -€13,053
down €13,053 (-22.9%), from €56,911 to €43,858
- Financial income +€12,730
up €12,730 (+144.3%), from €8,822 to €21,552
- Gross operating margin -€8,240
down €8,240 (-4.5%), from €184,440 to €176,200
- Depreciation +€2,309
up €2,309 (+765.5%), from €302 to €2,611
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 | €296,525 | €486,351 | +€189,826 | +64.0% |
| Fixed assets | 21/28 | €4,223 | €21,876 | +€17,653 | +418.0% |
| Tangible fixed assets | 22/27 | €4,223 | €21,876 | +€17,653 | +418.0% |
| Furniture and vehicles | 24 | €4,223 | €21,876 | +€17,653 | +418.0% |
| Current assets | 29/58 | €292,302 | €464,474 | +€172,173 | +58.9% |
| Amounts receivable within one year | 40/41 | €229,232 | €403,602 | +€174,370 | +76.1% |
| Trade receivables | 40 | €356 | €1,995 | +€1,640 | +461.2% |
| Other amounts receivable | 41 | €228,877 | €401,607 | +€172,730 | +75.5% |
| Cash at bank and in hand | 54/58 | €61,193 | €54,075 | -€7,118 | -11.6% |
| Deferred charges and accrued income | 490/1 | €1,876 | €6,797 | +€4,921 | +262.2% |
| Total equity and liabilities | 10/49 | €296,525 | €486,351 | +€189,826 | +64.0% |
| Equity | 10/15 | €216,162 | €363,686 | +€147,524 | +68.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €213,162 | €213,162 | = | 0.0% |
| Distributable reserves | 133 | €213,162 | €213,162 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €147,524 | +€147,524 | |
| Amounts payable | 17/49 | €80,363 | €122,665 | +€42,302 | +52.6% |
| Amounts payable within one year | 42/48 | €80,363 | €122,665 | +€42,302 | +52.6% |
| Trade debts | 44 | €800 | €1,905 | +€1,105 | +138.1% |
| Suppliers | 440/4 | €800 | €1,905 | +€1,105 | +138.1% |
| Taxes, remuneration and social security | 45 | €79,563 | €120,759 | +€41,197 | +51.8% |
| Taxes | 450/3 | €79,563 | €120,759 | +€41,197 | +51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302 | €2,611 | +€2,309 | +765.5% |
| Other operating charges | 640/8 | €527 | €2,312 | +€1,785 | +338.6% |
| Gross operating margin | 9900 | €184,440 | €176,200 | -€8,240 | -4.5% |
| Operating profit (loss) | 9901 | €183,611 | €171,278 | -€12,334 | -6.7% |
| Financial income | 75/76B | €8,822 | €21,552 | +€12,730 | +144.3% |
| Recurring financial income | 75 | €8,822 | €21,552 | +€12,730 | +144.3% |
| Financial charges | 65/66B | €1,783 | €1,447 | -€336 | -18.8% |
| Recurring financial charges | 65 | €1,783 | €1,447 | -€336 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €190,650 | €191,383 | +€733 | +0.4% |
| Income taxes | 67/77 | €56,911 | €43,858 | -€13,053 | -22.9% |
| Profit (loss) for the period | 9904 | €133,739 | €147,524 | +€13,786 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €133,739 | €147,524 | +€13,786 | +10.3% |
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 9 October 2026 via checked.be.