DTH Management: 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.
DTH Management
Largest movements
- Receivables within one year +€184,253
up €184,253 (+623.1%), from €29,569 to €213,822
of which Trade receivables: +€136,499
- Cash -€50,276
down €50,276 (-77.9%), from €64,536 to €14,260
mainly Receivables within one year (-€184,253) and Deferred charges and accrued income (-€16,167)
- Tangible fixed assets -€20,199
down €20,199 (-44.9%), from €44,986 to €24,786
of which Furniture and vehicles: -€19,678
- Deferred charges and accrued income +€16,167
up €16,167 (+271.4%), from €5,957 to €22,125
- Trade debts +€132,202
up €132,202, from €0 to €132,202
- Tax, wage and social debts +€16,350
up €16,350 (+43.6%), from €37,524 to €53,874
- Other debts -€11,917
down €11,917 (-17.5%), from €67,997 to €56,080
- Profit (loss) carried forward -€6,860
down €6,860 (-14.7%), from €46,527 to €39,667
- Gross operating margin -€36,054
down €36,054 (-63.4%), from €56,900 to €20,846
- Taxes -€9,988
down €9,988 (-37.7%), from €26,488 to €16,500
- Other operating charges -€9,779
no longer reported in 2025 (was €9,779)
- Depreciation +€5,528
up €5,528 (+104.7%), from €5,279 to €10,807
- Financial charges +€582
up €582 (+378.8%), from €154 to €736
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 | €155,048 | €284,994 | +€129,946 | +83.8% |
| Fixed assets | 21/28 | €54,986 | €34,786 | -€20,199 | -36.7% |
| Tangible fixed assets | 22/27 | €44,986 | €24,786 | -€20,199 | -44.9% |
| Furniture and vehicles | 24 | €40,298 | €20,619 | -€19,678 | -48.8% |
| Other tangible fixed assets | 26 | €4,688 | €4,167 | -€521 | -11.1% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €100,062 | €250,207 | +€150,145 | +150.1% |
| Amounts receivable within one year | 40/41 | €29,569 | €213,822 | +€184,253 | +623.1% |
| Trade receivables | 40 | €27,972 | €164,471 | +€136,499 | +488.0% |
| Other amounts receivable | 41 | €1,597 | €49,351 | +€47,754 | +2989.7% |
| Cash at bank and in hand | 54/58 | €64,536 | €14,260 | -€50,276 | -77.9% |
| Deferred charges and accrued income | 490/1 | €5,957 | €22,125 | +€16,167 | +271.4% |
| Total equity and liabilities | 10/49 | €155,048 | €284,994 | +€129,946 | +83.8% |
| Equity | 10/15 | €49,527 | €42,667 | -€6,860 | -13.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,527 | €39,667 | -€6,860 | -14.7% |
| Amounts payable | 17/49 | €105,521 | €242,327 | +€136,806 | +129.6% |
| Amounts payable within one year | 42/48 | €105,521 | €242,156 | +€136,635 | +129.5% |
| Trade debts | 44 | €0 | €132,202 | +€132,202 | |
| Suppliers | 440/4 | €0 | €132,202 | +€132,202 | |
| Taxes, remuneration and social security | 45 | €37,524 | €53,874 | +€16,350 | +43.6% |
| Taxes | 450/3 | €37,524 | €53,874 | +€16,350 | +43.6% |
| Other amounts payable | 47/48 | €67,997 | €56,080 | -€11,917 | -17.5% |
| Accrued charges and deferred income | 492/3 | - | €171 | +€171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,279 | €10,807 | +€5,528 | +104.7% |
| Other operating charges | 640/8 | €9,779 | - | -€9,779 | |
| Gross operating margin | 9900 | €56,900 | €20,846 | -€36,054 | -63.4% |
| Operating profit (loss) | 9901 | €41,842 | €10,040 | -€31,802 | -76.0% |
| Financial income | 75/76B | - | €337 | +€337 | |
| Recurring financial income | 75 | - | €337 | +€337 | |
| Financial charges | 65/66B | €154 | €736 | +€582 | +378.8% |
| Recurring financial charges | 65 | €154 | €736 | +€582 | +378.8% |
| Profit (loss) for the period before taxes | 9903 | €41,688 | €9,640 | -€32,048 | -76.9% |
| Income taxes | 67/77 | €26,488 | €16,500 | -€9,988 | -37.7% |
| Profit (loss) for the period | 9904 | €15,200 | -€6,860 | -€22,060 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,200 | -€6,860 | -€22,060 |
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 4 October 2026 via checked.be.