DVHK: 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.
DVHK
Largest movements
- Cash +€1.1m
up €1.1m (+252.2%), from €442,846 to €1.6m
mainly Net result for the year (+€739,788) and Other debts (+€315,249)
- Tangible fixed assets -€309,000
down €309,000 (-100.0%), from €309,000 to €0
- Reserves +€424,539
up €424,539 (+77.9%), from €544,962 to €969,502
- Other debts +€315,249
up €315,249 (+141519.6%), from €223 to €315,472
- Tax, wage and social debts +€73,979
up €73,979 (+1378.0%), from €5,368 to €79,347
- Gross operating margin +€999,384
up €999,384 (+995.4%), from €100,405 to €1.1m
- Taxes +€320,182
up €320,182 (+1278.0%), from €25,053 to €345,235
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 | €755,183 | €1,569,278 | +€814,095 | +107.8% |
| Fixed assets | 21/28 | €309,000 | €0 | -€309,000 | -100.0% |
| Tangible fixed assets | 22/27 | €309,000 | €0 | -€309,000 | -100.0% |
| Land and buildings | 22 | €309,000 | €0 | -€309,000 | -100.0% |
| Current assets | 29/58 | €446,183 | €1,569,278 | +€1.1m | +251.7% |
| Amounts receivable within one year | 40/41 | €816 | €9,560 | +€8,744 | +1071.8% |
| Other amounts receivable | 41 | €816 | €9,560 | +€8,744 | +1071.8% |
| Cash at bank and in hand | 54/58 | €442,846 | €1,559,718 | +€1.1m | +252.2% |
| Deferred charges and accrued income | 490/1 | €2,521 | €0 | -€2,521 | -100.0% |
| Total equity and liabilities | 10/49 | €755,183 | €1,569,278 | +€814,095 | +107.8% |
| Equity | 10/15 | €749,592 | €1,174,131 | +€424,539 | +56.6% |
| Contributions | 10/11 | €204,629 | €204,629 | = | 0.0% |
| Reserves | 13 | €544,962 | €969,502 | +€424,539 | +77.9% |
| Distributable reserves | 133 | €544,962 | €969,502 | +€424,539 | +77.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,591 | €395,147 | +€389,556 | +6967.3% |
| Amounts payable within one year | 42/48 | €5,591 | €395,147 | +€389,556 | +6967.3% |
| Trade debts | 44 | €0 | €328 | +€328 | |
| Suppliers | 440/4 | €0 | €328 | +€328 | |
| Taxes, remuneration and social security | 45 | €5,368 | €79,347 | +€73,979 | +1378.0% |
| Taxes | 450/3 | €5,368 | €79,347 | +€73,979 | +1378.0% |
| Other amounts payable | 47/48 | €223 | €315,472 | +€315,249 | +141519.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,098,668 | +€1.1m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €0 | -€847 | -100.0% |
| Other operating charges | 640/8 | €20,778 | €14,697 | -€6,081 | -29.3% |
| Gross operating margin | 9900 | €100,405 | €1,099,789 | +€999,384 | +995.4% |
| Operating profit (loss) | 9901 | €78,780 | €1,085,092 | +€1.0m | +1277.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €44 | €69 | +€26 | +59.0% |
| Recurring financial charges | 65 | €44 | €69 | +€26 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | €78,737 | €1,085,023 | +€1.0m | +1278.0% |
| Income taxes | 67/77 | €25,053 | €345,235 | +€320,182 | +1278.0% |
| Profit (loss) for the period | 9904 | €53,684 | €739,788 | +€686,104 | +1278.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,684 | €739,788 | +€686,104 | +1278.0% |
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.