DAP.BE: 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.
DAP.BE
Largest movements
- Receivables within one year +€308,027
up €308,027 (+121%), from €254,422 to €562,449
of which Other amounts receivable: +€287,340
- Cash -€103,626
down €103,626 (-51.5%), from €201,361 to €97,735
mainly Receivables within one year (-€308,027) and Investment in fixed assets (net) (-€160,591)
- Tangible fixed assets -€41,966
down €41,966 (-9.3%), from €451,379 to €409,413
- Stocks and contracts +€22,862
up €22,862 (+72.9%), from €31,356 to €54,218
- Trade debts +€172,276
up €172,276 (+1,467%), from €11,744 to €184,020
- Profit (loss) carried forward +€78,329
up €78,329 (+11.5%), from €680,166 to €758,496
- Debts after one year -€37,948
down €37,948 (-34.9%), from €108,847 to €70,899
- Current portion of long-term debt -€27,383
down €27,383 (-42.3%), from €64,673 to €37,290
- Gross operating margin +€56,375
up €56,375 (+12.3%), from €458,754 to €515,129
- Taxes +€14,700
up €14,700 (+108%), from €13,570 to €28,271
- Staff costs +€6,852
up €6,852 (+4.7%), from €146,603 to €153,455
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 | €945,859 | €1,129,756 | +€183,897 | +19.4% |
| Fixed assets | 21/28 | €458,720 | €415,354 | -€43,366 | -9.5% |
| Tangible fixed assets | 22/27 | €451,379 | €409,413 | -€41,966 | -9.3% |
| Land and buildings | 22 | €661 | €330 | -€330 | -50.0% |
| Plant, machinery and equipment | 23 | €374,689 | €357,429 | -€17,260 | -4.6% |
| Furniture and vehicles | 24 | €48,021 | €29,966 | -€18,055 | -37.6% |
| Leasing and similar rights | 25 | €28,009 | €21,689 | -€6,320 | -22.6% |
| Financial fixed assets | 28 | €7,341 | €5,941 | -€1,400 | -19.1% |
| Current assets | 29/58 | €487,139 | €714,402 | +€227,263 | +46.7% |
| Stocks and contracts in progress | 3 | €31,356 | €54,218 | +€22,862 | +72.9% |
| Stocks | 30/36 | €31,356 | €54,218 | +€22,862 | +72.9% |
| Amounts receivable within one year | 40/41 | €254,422 | €562,449 | +€308,027 | +121% |
| Trade receivables | 40 | €21,153 | €41,840 | +€20,687 | +97.8% |
| Other amounts receivable | 41 | €233,269 | €520,608 | +€287,340 | +123% |
| Cash at bank and in hand | 54/58 | €201,361 | €97,735 | -€103,626 | -51.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €945,859 | €1,129,756 | +€183,897 | +19.4% |
| Equity | 10/15 | €699,368 | €777,697 | +€78,329 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €601 | €601 | = | 0.0% |
| Non-distributable reserves | 130/1 | €601 | €601 | = | 0.0% |
| Reserves not available under the articles | 1311 | €601 | €601 | = | 0.0% |
| Profit (loss) carried forward | 14 | €680,166 | €758,496 | +€78,329 | +11.5% |
| Amounts payable | 17/49 | €246,491 | €352,059 | +€105,568 | +42.8% |
| Amounts payable after more than one year | 17 | €108,847 | €70,899 | -€37,948 | -34.9% |
| Financial debts | 170/4 | €108,847 | €70,899 | -€37,948 | -34.9% |
| Amounts payable within one year | 42/48 | €134,869 | €278,385 | +€143,515 | +106% |
| Current portion of amounts payable after more than one year | 42 | €64,673 | €37,290 | -€27,383 | -42.3% |
| Trade debts | 44 | €11,744 | €184,020 | +€172,276 | +1,467% |
| Suppliers | 440/4 | €11,744 | €184,020 | +€172,276 | +1,467% |
| Taxes, remuneration and social security | 45 | €16,099 | €21,075 | +€4,976 | +30.9% |
| Taxes | 450/3 | €243 | €9,454 | +€9,210 | +3,785% |
| Remuneration and social security | 454/9 | €15,856 | €11,621 | -€4,235 | -26.7% |
| Other amounts payable | 47/48 | €42,353 | €36,000 | -€6,353 | -15.0% |
| Accrued charges and deferred income | 492/3 | €2,775 | €2,775 | = | 0.0% |
| Non-recurring operating income | 76A | €1,799 | €9,559 | +€7,760 | +431% |
| Remuneration, social security and pensions | 62 | €146,603 | €153,455 | +€6,852 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207,647 | €203,956 | -€3,691 | -1.8% |
| Other operating charges | 640/8 | €3,294 | €3,139 | -€155 | -4.7% |
| Non-recurring operating charges | 66A | €13,703 | €488 | -€13,215 | -96.4% |
| Gross operating margin | 9900 | €458,754 | €515,129 | +€56,375 | +12.3% |
| Operating profit (loss) | 9901 | €87,507 | €154,090 | +€66,584 | +76.1% |
| Financial income | 75/76B | €741 | €84 | -€657 | -88.7% |
| Recurring financial income | 75 | €741 | €84 | -€657 | -88.7% |
| Financial charges | 65/66B | €12,956 | €11,575 | -€1,381 | -10.7% |
| Recurring financial charges | 65 | €12,956 | €11,575 | -€1,381 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €75,292 | €142,600 | +€67,308 | +89.4% |
| Income taxes | 67/77 | €13,570 | €28,271 | +€14,700 | +108% |
| Profit (loss) for the period | 9904 | €61,722 | €114,329 | +€52,607 | +85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,722 | €114,329 | +€52,607 | +85.2% |
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 22 October 2026 via checked.be.