DACAPO INVEST: 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.
DACAPO INVEST
Largest movements
- Cash +€338,465
up €338,465 (+22.1%), from €1.5m to €1.9m
mainly Net result for the year (+€539,097) and Other debts (+€159,571)
- Receivables after one year +€250,000
up €250,000 (+25.0%), from €1.0m to €1.3m
- Current investments -€122,146
down €122,146 (-4.0%), from €3.1m to €2.9m
- Profit (loss) carried forward +€539,097
up €539,097 (+41.2%), from €1.3m to €1.8m
- Reserves -€171,000
down €171,000 (-4.3%), from €4.0m to €3.8m
- Other debts +€159,571
up €159,571 (+1,396%), from €11,429 to €171,000
- Financial income +€502,927
up €502,927 (+325%), from €154,585 to €657,512
- Gross operating margin +€9,312
up €9,312 (+39.1%), from -€23,822 to -€14,510
- Depreciation +€2,554
up €2,554 (+3.6%), from €70,222 to €72,777
- Financial charges +€2,382
up €2,382 (+14.6%), from €16,288 to €18,670
- Other operating charges -€1,435
down €1,435 (-10.0%), from €14,413 to €12,978
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 | €7,468,563 | €7,992,841 | +€524,277 | +7.0% |
| Fixed assets | 21/28 | €1,852,662 | €1,876,279 | +€23,617 | +1.3% |
| Tangible fixed assets | 22/27 | €1,185,787 | €1,210,654 | +€24,867 | +2.1% |
| Land and buildings | 22 | €1,167,824 | €1,195,896 | +€28,072 | +2.4% |
| Furniture and vehicles | 24 | €17,963 | €14,758 | -€3,205 | -17.8% |
| Financial fixed assets | 28 | €666,875 | €665,625 | -€1,250 | -0.2% |
| Current assets | 29/58 | €5,615,902 | €6,116,562 | +€500,660 | +8.9% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €1,250,000 | +€250,000 | +25.0% |
| Other amounts receivable | 291 | €1,000,000 | €1,250,000 | +€250,000 | +25.0% |
| Amounts receivable within one year | 40/41 | €1,238 | - | -€1,238 | |
| Other amounts receivable | 41 | €1,238 | - | -€1,238 | |
| Current investments | 50/53 | €3,050,266 | €2,928,120 | -€122,146 | -4.0% |
| Cash at bank and in hand | 54/58 | €1,534,397 | €1,872,862 | +€338,465 | +22.1% |
| Deferred charges and accrued income | 490/1 | €30,000 | €65,579 | +€35,579 | +119% |
| Total equity and liabilities | 10/49 | €7,468,563 | €7,992,841 | +€524,277 | +7.0% |
| Equity | 10/15 | €7,441,605 | €7,809,702 | +€368,097 | +4.9% |
| Contributions | 10/11 | €2,168,100 | €2,168,100 | = | 0.0% |
| Reserves | 13 | €3,963,775 | €3,792,775 | -€171,000 | -4.3% |
| Distributable reserves | 133 | €3,963,775 | €3,792,775 | -€171,000 | -4.3% |
| Profit (loss) carried forward | 14 | €1,309,730 | €1,848,827 | +€539,097 | +41.2% |
| Amounts payable | 17/49 | €26,959 | €183,139 | +€156,180 | +579% |
| Amounts payable within one year | 42/48 | €26,959 | €183,139 | +€156,180 | +579% |
| Trade debts | 44 | €12,713 | €9,728 | -€2,985 | -23.5% |
| Suppliers | 440/4 | €12,713 | €9,728 | -€2,985 | -23.5% |
| Taxes, remuneration and social security | 45 | €2,817 | €2,411 | -€406 | -14.4% |
| Taxes | 450/3 | €2,140 | €2,411 | +€271 | +12.7% |
| Remuneration and social security | 454/9 | €677 | - | -€677 | |
| Other amounts payable | 47/48 | €11,429 | €171,000 | +€159,571 | +1,396% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,222 | €72,777 | +€2,554 | +3.6% |
| Other operating charges | 640/8 | €14,413 | €12,978 | -€1,435 | -10.0% |
| Gross operating margin | 9900 | -€23,822 | -€14,510 | +€9,312 | +39.1% |
| Operating profit (loss) | 9901 | -€108,457 | -€100,264 | +€8,193 | +7.6% |
| Financial income | 75/76B | €154,585 | €657,512 | +€502,927 | +325% |
| Recurring financial income | 75 | €154,585 | €657,512 | +€502,927 | +325% |
| Financial charges | 65/66B | €16,288 | €18,670 | +€2,382 | +14.6% |
| Recurring financial charges | 65 | €16,288 | €18,670 | +€2,382 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €29,840 | €538,578 | +€508,738 | +1,705% |
| Income taxes | 67/77 | - | -€519 | -€519 | |
| Profit (loss) for the period | 9904 | €29,840 | €539,097 | +€509,257 | +1,707% |
| Profit (loss) for the period to be appropriated | 9905 | €29,840 | €539,097 | +€509,257 | +1,707% |
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 26 October 2026 via checked.be.