D.A.P. DE RING: 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.
D.A.P. DE RING
Largest movements
- Tangible fixed assets -€39,299
down €39,299 (-24.2%), from €162,115 to €122,816
of which Furniture and vehicles: -€26,063
- Cash +€11,312
up €11,312 (+6.0%), from €187,385 to €198,697
mainly Net result for the year (+€46,058) and Depreciation (+€39,299)
- Stocks and contracts +€5,306
up €5,306 (+66.5%), from €7,985 to €13,291
- Deferred charges and accrued income +€4,877
up €4,877, from €0 to €4,877
- Debts after one year -€33,398
down €33,398 (-37.7%), from €88,491 to €55,093
- Reserves +€22,989
up €22,989 (+14.0%), from €164,125 to €187,114
of which Distributable reserves: +€22,989
- Other debts +€11,427
up €11,427 (+85.0%), from €13,443 to €24,869
- Tax, wage and social debts -€10,288
down €10,288 (-40.1%), from €25,632 to €15,344
- Trade debts -€5,323
down €5,323 (-27.5%), from €19,337 to €14,014
- Staff costs -€3,997
no longer reported in 2025 (was €3,997)
- Gross operating margin +€3,738
up €3,738 (+3.5%), from €106,910 to €110,648
- Other operating charges -€3,362
down €3,362 (-60.0%), from €5,606 to €2,245
- Taxes +€2,635
up €2,635 (+14.6%), from €18,044 to €20,679
- Depreciation +€2,158
up €2,158 (+5.8%), from €37,141 to €39,299
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 | €359,605 | €342,232 | -€17,373 | -4.8% |
| Fixed assets | 21/28 | €162,115 | €122,816 | -€39,299 | -24.2% |
| Tangible fixed assets | 22/27 | €162,115 | €122,816 | -€39,299 | -24.2% |
| Plant, machinery and equipment | 23 | €34,463 | €28,436 | -€6,028 | -17.5% |
| Furniture and vehicles | 24 | €70,391 | €44,328 | -€26,063 | -37.0% |
| Other tangible fixed assets | 26 | €57,261 | €50,053 | -€7,208 | -12.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €197,490 | €219,416 | +€21,926 | +11.1% |
| Stocks and contracts in progress | 3 | €7,985 | €13,291 | +€5,306 | +66.5% |
| Stocks | 30/36 | €7,985 | €13,291 | +€5,306 | +66.5% |
| Amounts receivable within one year | 40/41 | €2,120 | €2,551 | +€430 | +20.3% |
| Trade receivables | 40 | €2,120 | €2,551 | +€430 | +20.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €187,385 | €198,697 | +€11,312 | +6.0% |
| Deferred charges and accrued income | 490/1 | €0 | €4,877 | +€4,877 | |
| Total equity and liabilities | 10/49 | €359,605 | €342,232 | -€17,373 | -4.8% |
| Equity | 10/15 | €176,525 | €199,514 | +€22,989 | +13.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €164,125 | €187,114 | +€22,989 | +14.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €164,125 | €187,114 | +€22,989 | +14.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €183,081 | €142,718 | -€40,363 | -22.0% |
| Amounts payable after more than one year | 17 | €88,491 | €55,093 | -€33,398 | -37.7% |
| Financial debts | 170/4 | €88,491 | €55,093 | -€33,398 | -37.7% |
| Amounts payable within one year | 42/48 | €94,589 | €87,625 | -€6,964 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €36,178 | €33,398 | -€2,780 | -7.7% |
| Trade debts | 44 | €19,337 | €14,014 | -€5,323 | -27.5% |
| Suppliers | 440/4 | €19,337 | €14,014 | -€5,323 | -27.5% |
| Taxes, remuneration and social security | 45 | €25,632 | €15,344 | -€10,288 | -40.1% |
| Taxes | 450/3 | €25,632 | €15,344 | -€10,288 | -40.1% |
| Other amounts payable | 47/48 | €13,443 | €24,869 | +€11,427 | +85.0% |
| Remuneration, social security and pensions | 62 | €3,997 | - | -€3,997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,141 | €39,299 | +€2,158 | +5.8% |
| Other operating charges | 640/8 | €5,606 | €2,245 | -€3,362 | -60.0% |
| Non-recurring operating charges | 66A | €150 | - | -€150 | |
| Gross operating margin | 9900 | €106,910 | €110,648 | +€3,738 | +3.5% |
| Operating profit (loss) | 9901 | €60,016 | €69,104 | +€9,089 | +15.1% |
| Financial income | 75/76B | €147 | €701 | +€554 | +377.6% |
| Recurring financial income | 75 | €147 | €701 | +€554 | +377.6% |
| Financial charges | 65/66B | €4,020 | €3,068 | -€952 | -23.7% |
| Recurring financial charges | 65 | €4,020 | €3,068 | -€952 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €56,142 | €66,737 | +€10,595 | +18.9% |
| Income taxes | 67/77 | €18,044 | €20,679 | +€2,635 | +14.6% |
| Profit (loss) for the period | 9904 | €38,098 | €46,058 | +€7,960 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,098 | €46,058 | +€7,960 | +20.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.