D.A.P.: 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.
D.A.P.
Largest movements
- Receivables within one year -€13,018
down €13,018 (-13.6%), from €95,721 to €82,702
of which Other amounts receivable: -€17,058
- Deferred charges and accrued income -€5,686
down €5,686 (-93.0%), from €6,116 to €430
- Cash +€4,264
up €4,264 (+71.6%), from €5,952 to €10,217
mainly Net result for the year (+€28,381) and Receivables within one year (+€13,018)
- Tax, wage and social debts -€18,312
down €18,312 (-43.0%), from €42,618 to €24,306
- Profit (loss) carried forward +€15,957
up €15,957 (+26.2%), from -€60,911 to -€44,954
- Trade debts -€12,107
down €12,107 (-41.5%), from €29,144 to €17,037
- Short-term financial debts -€2,702
down €2,702 (-17.3%), from €15,643 to €12,941
- Other debts +€1,889
new in 2025: €1,889
- Gross operating margin -€33,251
down €33,251 (-28.1%), from €118,440 to €85,188
- Staff costs -€32,836
down €32,836 (-40.7%), from €80,628 to €47,792
- Other operating charges -€4,387
down €4,387 (-71.3%), from €6,152 to €1,765
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 | €117,586 | €102,311 | -€15,275 | -13.0% |
| Fixed assets | 21/28 | €4,360 | €3,525 | -€835 | -19.2% |
| Tangible fixed assets | 22/27 | €4,360 | €3,525 | -€835 | -19.2% |
| Plant, machinery and equipment | 23 | €311 | €15 | -€296 | -95.1% |
| Furniture and vehicles | 24 | €4,049 | €3,510 | -€539 | -13.3% |
| Current assets | 29/58 | €113,226 | €98,786 | -€14,440 | -12.8% |
| Stocks and contracts in progress | 3 | €5,437 | €5,437 | = | 0.0% |
| Stocks | 30/36 | €5,437 | €5,437 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €95,721 | €82,702 | -€13,018 | -13.6% |
| Trade receivables | 40 | €14,013 | €18,053 | +€4,039 | +28.8% |
| Other amounts receivable | 41 | €81,707 | €64,649 | -€17,058 | -20.9% |
| Cash at bank and in hand | 54/58 | €5,952 | €10,217 | +€4,264 | +71.6% |
| Deferred charges and accrued income | 490/1 | €6,116 | €430 | -€5,686 | -93.0% |
| Total equity and liabilities | 10/49 | €117,586 | €102,311 | -€15,275 | -13.0% |
| Equity | 10/15 | -€42,311 | -€26,354 | +€15,957 | +37.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,911 | -€44,954 | +€15,957 | +26.2% |
| Amounts payable | 17/49 | €159,897 | €128,665 | -€31,232 | -19.5% |
| Amounts payable after more than one year | 17 | €72,492 | €72,492 | = | 0.0% |
| Other amounts payable | 178/9 | €72,492 | €72,492 | = | 0.0% |
| Amounts payable within one year | 42/48 | €87,406 | €56,174 | -€31,232 | -35.7% |
| Financial debts | 43 | €15,643 | €12,941 | -€2,702 | -17.3% |
| Credit institutions | 430/8 | €15,643 | €12,941 | -€2,702 | -17.3% |
| Trade debts | 44 | €29,144 | €17,037 | -€12,107 | -41.5% |
| Suppliers | 440/4 | €29,144 | €17,037 | -€12,107 | -41.5% |
| Taxes, remuneration and social security | 45 | €42,618 | €24,306 | -€18,312 | -43.0% |
| Taxes | 450/3 | €42,618 | €24,306 | -€18,312 | -43.0% |
| Other amounts payable | 47/48 | - | €1,889 | +€1,889 | |
| Remuneration, social security and pensions | 62 | €80,628 | €47,792 | -€32,836 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,409 | €1,653 | +€244 | +17.3% |
| Other operating charges | 640/8 | €6,152 | €1,765 | -€4,387 | -71.3% |
| Non-recurring operating charges | 66A | - | €440 | +€440 | |
| Gross operating margin | 9900 | €118,440 | €85,188 | -€33,251 | -28.1% |
| Operating profit (loss) | 9901 | €30,251 | €33,539 | +€3,288 | +10.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +716.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +716.7% |
| Financial charges | 65/66B | €5,434 | €5,158 | -€276 | -5.1% |
| Recurring financial charges | 65 | €5,434 | €5,158 | -€276 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €24,817 | €28,381 | +€3,565 | +14.4% |
| Profit (loss) for the period | 9904 | €24,817 | €28,381 | +€3,565 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,817 | €28,381 | +€3,565 | +14.4% |
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 3 October 2026 via checked.be.