D.P. - Coating: 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.P. - Coating
Largest movements
- Current investments +€160,000
new in 2026: €160,000
- Receivables within one year -€154,352
down €154,352 (-39.6%), from €389,639 to €235,287
of which Trade receivables: -€133,761
- Cash -€148,724
down €148,724 (-48.6%), from €306,151 to €157,427
mainly Debts after one year (-€193,762) and Current investments (-€160,000)
- Tangible fixed assets -€95,668
down €95,668 (-10.8%), from €885,513 to €789,845
of which Leasing and similar rights: -€62,781
- Stocks and contracts +€49,568
up €49,568 (+20.0%), from €248,011 to €297,579
- Debts after one year -€193,762
down €193,762 (-57.1%), from €339,232 to €145,470
- Trade debts +€123,192
up €123,192 (+227.5%), from €54,158 to €177,350
- Other debts -€77,500
down €77,500 (-29.8%), from €260,000 to €182,500
- Current portion of long-term debt -€39,500
down €39,500 (-16.9%), from €233,262 to €193,762
- Accrued charges and deferred income -€29,006
down €29,006 (-96.7%), from €30,000 to €994
- Gross operating margin -€251,800
down €251,800 (-22.5%), from €1.1m to €865,418
- Staff costs -€64,677
down €64,677 (-12.1%), from €533,306 to €468,629
- Taxes -€49,213
down €49,213 (-55.0%), from €89,407 to €40,194
- Other operating charges +€12,467
up €12,467 (+105.4%), from €11,831 to €24,298
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,879,529 | €1,658,956 | -€220,573 | -11.7% |
| Fixed assets | 21/28 | €887,508 | €793,673 | -€93,835 | -10.6% |
| Intangible fixed assets | 21 | €1,995 | €3,828 | +€1,833 | +91.9% |
| Tangible fixed assets | 22/27 | €885,513 | €789,845 | -€95,668 | -10.8% |
| Plant, machinery and equipment | 23 | €550,530 | €512,087 | -€38,443 | -7.0% |
| Furniture and vehicles | 24 | €15,157 | €20,713 | +€5,556 | +36.7% |
| Leasing and similar rights | 25 | €319,826 | €257,045 | -€62,781 | -19.6% |
| Current assets | 29/58 | €992,020 | €865,283 | -€126,738 | -12.8% |
| Stocks and contracts in progress | 3 | €248,011 | €297,579 | +€49,568 | +20.0% |
| Stocks | 30/36 | €248,011 | €297,579 | +€49,568 | +20.0% |
| Amounts receivable within one year | 40/41 | €389,639 | €235,287 | -€154,352 | -39.6% |
| Trade receivables | 40 | €367,392 | €233,630 | -€133,761 | -36.4% |
| Other amounts receivable | 41 | €22,248 | €1,657 | -€20,591 | -92.6% |
| Current investments | 50/53 | - | €160,000 | +€160,000 | |
| Cash at bank and in hand | 54/58 | €306,151 | €157,427 | -€148,724 | -48.6% |
| Deferred charges and accrued income | 490/1 | €48,219 | €14,990 | -€33,230 | -68.9% |
| Total equity and liabilities | 10/49 | €1,879,529 | €1,658,956 | -€220,573 | -11.7% |
| Equity | 10/15 | €872,784 | €870,597 | -€2,187 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €245,659 | €245,659 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,799 | €18,799 | = | 0.0% |
| Distributable reserves | 133 | €225,000 | €225,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €583,632 | €586,645 | +€3,013 | +0.5% |
| Investment grants | 15 | €24,893 | €19,693 | -€5,200 | -20.9% |
| Amounts payable | 17/49 | €1,006,745 | €788,359 | -€218,386 | -21.7% |
| Amounts payable after more than one year | 17 | €339,232 | €145,470 | -€193,762 | -57.1% |
| Financial debts | 170/4 | €339,232 | €145,470 | -€193,762 | -57.1% |
| Amounts payable within one year | 42/48 | €637,512 | €641,895 | +€4,382 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €233,262 | €193,762 | -€39,500 | -16.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €54,158 | €177,350 | +€123,192 | +227.5% |
| Suppliers | 440/4 | €54,158 | €177,350 | +€123,192 | +227.5% |
| Taxes, remuneration and social security | 45 | €90,092 | €88,282 | -€1,810 | -2.0% |
| Taxes | 450/3 | €12,912 | €20,766 | +€7,853 | +60.8% |
| Remuneration and social security | 454/9 | €77,180 | €67,516 | -€9,664 | -12.5% |
| Other amounts payable | 47/48 | €260,000 | €182,500 | -€77,500 | -29.8% |
| Accrued charges and deferred income | 492/3 | €30,000 | €994 | -€29,006 | -96.7% |
| Non-recurring operating income | 76A | - | €3,100 | +€3,100 | |
| Remuneration, social security and pensions | 62 | €533,306 | €468,629 | -€64,677 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,366 | €172,109 | +€5,743 | +3.5% |
| Other operating charges | 640/8 | €11,831 | €24,298 | +€12,467 | +105.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,117,218 | €865,418 | -€251,800 | -22.5% |
| Operating profit (loss) | 9901 | €405,715 | €200,382 | -€205,333 | -50.6% |
| Financial income | 75/76B | €3,223 | €3,727 | +€504 | +15.6% |
| Recurring financial income | 75 | €3,223 | €3,727 | +€504 | +15.6% |
| Financial charges | 65/66B | €51,302 | €45,902 | -€5,401 | -10.5% |
| Recurring financial charges | 65 | €51,302 | €45,902 | -€5,401 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €357,636 | €158,207 | -€199,429 | -55.8% |
| Income taxes | 67/77 | €89,407 | €40,194 | -€49,213 | -55.0% |
| Profit (loss) for the period | 9904 | €268,229 | €118,013 | -€150,216 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €268,229 | €118,013 | -€150,216 | -56.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.