DAP Bart Heylen: 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.
What changed
DAP Bart Heylen
NACE 75.000, Veterinary services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€224,503
2024 · €210,002+€14,501
Equity
€901,196
2024 · €676,693+€224,503
Cash
€733,149
2024 · €513,243+€219,906
Balance sheet total
€1.2m
2024 · €958,791+€204,775
Largest movements
Assets
- Cash +€219,906
up €219,906 (+42.8%), from €513,243 to €733,149
mainly Net result for the year (+€224,503) and Depreciation (+€101,446)
- Intangible fixed assets -€32,000
down €32,000 (-33.7%), from €94,968 to €62,968
- Deferred charges and accrued income +€11,930
up €11,930 (+66.7%), from €17,888 to €29,818
Equity and liabilities
- Reserves +€224,503
up €224,503 (+34.1%), from €658,093 to €882,596
of which Distributable reserves: +€161,353
Income statement
- Gross operating margin +€31,998
up €31,998 (+7.7%), from €417,707 to €449,706
- Depreciation +€10,555
up €10,555 (+11.6%), from €90,892 to €101,446
- Staff costs +€5,354
up €5,354 (+17.2%), from €31,076 to €36,430
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.
Result 2024
€210,002
Gross operating margin
+€31,998
Staff costs
-€5,354
Depreciation
-€10,555
Other operating charges
-€35
Financial income
+€1,724
Financial charges
+€743
Taxes
-€4,021
Result 2025
€224,503
raises the resultlowers the result
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.
From operations
+€313,753
Investment
-€79,197
Financing
-€14,650
Cash 2024
€513,243
From operations (derived)
+€313,753
Net result for the year
+€224,503
Depreciation
+€101,446
Stocks and contracts
+€5,918
Receivables within one year
-€1,106
Deferred charges and accrued income
-€11,930
Trade debts
+€2,059
Tax, wage and social debts
-€11,166
Other debts
+€4,029
Investment (derived)
-€79,197
Investment in fixed assets (net)
-€79,197
Financing
-€14,650
Debts after one year
-€5,029
Current portion of long-term debt
-€9,621
Cash 2025
€733,149
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €958,791 | €1,163,565 | +€204,775 | +21.4% |
| Fixed assets | 21/28 | €371,017 | €348,767 | -€22,250 | -6.0% |
| Intangible fixed assets | 21 | €94,968 | €62,968 | -€32,000 | -33.7% |
| Tangible fixed assets | 22/27 | €276,050 | €285,800 | +€9,750 | +3.5% |
| Land and buildings | 22 | €142,810 | €147,280 | +€4,470 | +3.1% |
| Plant, machinery and equipment | 23 | €27,199 | €69,635 | +€42,437 | +156% |
| Furniture and vehicles | 24 | €92,243 | €60,274 | -€31,969 | -34.7% |
| Leasing and similar rights | 25 | €13,798 | €8,611 | -€5,187 | -37.6% |
| Current assets | 29/58 | €587,774 | €814,798 | +€227,024 | +38.6% |
| Stocks and contracts in progress | 3 | €16,786 | €10,868 | -€5,918 | -35.3% |
| Stocks | 30/36 | €16,786 | €10,868 | -€5,918 | -35.3% |
| Amounts receivable within one year | 40/41 | €39,856 | €40,962 | +€1,106 | +2.8% |
| Trade receivables | 40 | €39,856 | €40,962 | +€1,106 | +2.8% |
| Cash at bank and in hand | 54/58 | €513,243 | €733,149 | +€219,906 | +42.8% |
| Deferred charges and accrued income | 490/1 | €17,888 | €29,818 | +€11,930 | +66.7% |
| Total equity and liabilities | 10/49 | €958,791 | €1,163,565 | +€204,775 | +21.4% |
| Equity | 10/15 | €676,693 | €901,196 | +€224,503 | +33.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €658,093 | €882,596 | +€224,503 | +34.1% |
| Tax-exempt reserves | 132 | €101,040 | €164,190 | +€63,150 | +62.5% |
| Distributable reserves | 133 | €557,053 | €718,406 | +€161,353 | +29.0% |
| Amounts payable | 17/49 | €282,097 | €262,369 | -€19,728 | -7.0% |
| Amounts payable after more than one year | 17 | €8,069 | €3,040 | -€5,029 | -62.3% |
| Financial debts | 170/4 | €8,069 | €3,040 | -€5,029 | -62.3% |
| Amounts payable within one year | 42/48 | €274,028 | €259,330 | -€14,699 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €14,650 | €5,029 | -€9,621 | -65.7% |
| Trade debts | 44 | €1,519 | €3,578 | +€2,059 | +136% |
| Suppliers | 440/4 | €1,519 | €3,578 | +€2,059 | +136% |
| Taxes, remuneration and social security | 45 | €41,578 | €30,412 | -€11,166 | -26.9% |
| Taxes | 450/3 | €32,810 | €26,260 | -€6,550 | -20.0% |
| Remuneration and social security | 454/9 | €8,767 | €4,152 | -€4,615 | -52.6% |
| Other amounts payable | 47/48 | €216,282 | €220,310 | +€4,029 | +1.9% |
| Remuneration, social security and pensions | 62 | €31,076 | €36,430 | +€5,354 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,892 | €101,446 | +€10,555 | +11.6% |
| Other operating charges | 640/8 | €1,049 | €1,084 | +€35 | +3.3% |
| Gross operating margin | 9900 | €417,707 | €449,706 | +€31,998 | +7.7% |
| Operating profit (loss) | 9901 | €294,690 | €310,744 | +€16,054 | +5.4% |
| Financial income | 75/76B | €1 | €1,726 | +€1,724 | +132,643% |
| Recurring financial income | 75 | €1 | €1,726 | +€1,724 | +132,643% |
| Financial charges | 65/66B | €2,299 | €1,557 | -€743 | -32.3% |
| Recurring financial charges | 65 | €2,299 | €1,557 | -€743 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €292,392 | €310,914 | +€18,521 | +6.3% |
| Income taxes | 67/77 | €82,390 | €86,411 | +€4,021 | +4.9% |
| Profit (loss) for the period | 9904 | €210,002 | €224,503 | +€14,501 | +6.9% |
| Transfer to tax-exempt reserves | 689 | €50,520 | €63,150 | +€12,630 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €159,482 | €161,353 | +€1,871 | +1.2% |
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 19 October 2026 via checked.be.