DH-LOCATION: 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.
DH-LOCATION
Largest movements
- Tangible fixed assets -€591,897
down €591,897 (-29.6%), from €2.0m to €1.4m
of which Leasing and similar rights: -€481,337
- Receivables within one year +€113,045
up €113,045 (+27.3%), from €413,662 to €526,707
of which Other amounts receivable: +€57,089
- Debts after one year -€584,205
down €584,205 (-53.5%), from €1.1m to €507,084
- Profit (loss) carried forward +€160,059
up €160,059 (+81.5%), from €196,278 to €356,337
- Other debts -€50,843
down €50,843 (-34.0%), from €149,509 to €98,666
- Current portion of long-term debt -€50,661
down €50,661 (-9.1%), from €559,245 to €508,584
- Trade debts +€42,466
up €42,466 (+22.1%), from €191,969 to €234,435
- Turnover +€282,182
up €282,182 (+12.5%), from €2.3m to €2.5m
- Purchases and services +€266,721
up €266,721 (+22.0%), from €1.2m to €1.5m
- Depreciation +€46,817
up €46,817 (+6.8%), from €692,505 to €739,323
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 | €2,743,039 | €2,253,917 | -€489,122 | -17.8% |
| Fixed assets | 21/28 | €2,060,769 | €1,443,168 | -€617,601 | -30.0% |
| Intangible fixed assets | 21 | €62,114 | €36,410 | -€25,704 | -41.4% |
| Tangible fixed assets | 22/27 | €1,998,655 | €1,406,759 | -€591,897 | -29.6% |
| Plant, machinery and equipment | 23 | €689,771 | €618,627 | -€71,145 | -10.3% |
| Furniture and vehicles | 24 | €143,487 | €100,586 | -€42,901 | -29.9% |
| Leasing and similar rights | 25 | €1,165,396 | €684,060 | -€481,337 | -41.3% |
| Other tangible fixed assets | 26 | - | €3,486 | +€3,486 | |
| Current assets | 29/58 | €682,270 | €810,749 | +€128,479 | +18.8% |
| Stocks and contracts in progress | 3 | €17,480 | €10,439 | -€7,041 | -40.3% |
| Stocks | 30/36 | €17,480 | €10,439 | -€7,041 | -40.3% |
| Amounts receivable within one year | 40/41 | €413,662 | €526,707 | +€113,045 | +27.3% |
| Trade receivables | 40 | €370,410 | €426,367 | +€55,957 | +15.1% |
| Other amounts receivable | 41 | €43,252 | €100,340 | +€57,089 | +132% |
| Cash at bank and in hand | 54/58 | €207,714 | €212,689 | +€4,975 | +2.4% |
| Deferred charges and accrued income | 490/1 | €43,415 | €60,914 | +€17,499 | +40.3% |
| Total equity and liabilities | 10/49 | €2,743,039 | €2,253,917 | -€489,122 | -17.8% |
| Equity | 10/15 | €706,278 | €866,337 | +€160,059 | +22.7% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €330,000 | €330,000 | = | 0.0% |
| Distributable reserves | 133 | €330,000 | €330,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €196,278 | €356,337 | +€160,059 | +81.5% |
| Amounts payable | 17/49 | €2,036,762 | €1,387,580 | -€649,181 | -31.9% |
| Amounts payable after more than one year | 17 | €1,091,290 | €507,084 | -€584,205 | -53.5% |
| Financial debts | 170/4 | €1,091,290 | €507,084 | -€584,205 | -53.5% |
| Amounts payable within one year | 42/48 | €944,988 | €880,369 | -€64,619 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €559,245 | €508,584 | -€50,661 | -9.1% |
| Trade debts | 44 | €191,969 | €234,435 | +€42,466 | +22.1% |
| Suppliers | 440/4 | €191,969 | €234,435 | +€42,466 | +22.1% |
| Taxes, remuneration and social security | 45 | €44,265 | €38,685 | -€5,580 | -12.6% |
| Taxes | 450/3 | €44,265 | €38,685 | -€5,580 | -12.6% |
| Other amounts payable | 47/48 | €149,509 | €98,666 | -€50,843 | -34.0% |
| Accrued charges and deferred income | 492/3 | €485 | €127 | -€357 | -73.8% |
| Turnover | 70 | €2,258,389 | €2,540,571 | +€282,182 | +12.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,210,245 | €1,476,967 | +€266,721 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €692,505 | €739,323 | +€46,817 | +6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €742 | +€742 | |
| Other operating charges | 640/8 | €31,450 | €32,131 | +€681 | +2.2% |
| Gross operating margin | 9900 | €1,048,143 | €1,063,604 | +€15,461 | +1.5% |
| Operating profit (loss) | 9901 | €324,188 | €291,409 | -€32,779 | -10.1% |
| Financial charges | 65/66B | €79,643 | €69,482 | -€10,161 | -12.8% |
| Recurring financial charges | 65 | €79,643 | €69,482 | -€10,161 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €244,545 | €221,927 | -€22,618 | -9.2% |
| Income taxes | 67/77 | €61,699 | €61,867 | +€169 | +0.3% |
| Profit (loss) for the period | 9904 | €182,846 | €160,059 | -€22,787 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €182,846 | €160,059 | -€22,787 | -12.5% |
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 15 October 2026 via checked.be.