DAP DE HOEVE: 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 DE HOEVE
Largest movements
- Receivables within one year -€98,847
down €98,847 (-32.0%), from €308,864 to €210,018
of which Other amounts receivable: -€82,547
- Cash +€59,866
up €59,866 (+27,004%), from €222 to €60,087
mainly Net result for the year (+€180,893) and Receivables within one year (+€98,847)
- Current investments +€28,080
up €28,080 (+112%), from €25,000 to €53,080
- Tangible fixed assets -€19,295
down €19,295 (-20.5%), from €94,122 to €74,827
- Financial fixed assets +€8,000
new in 2025: €8,000
- Other debts +€24,749
up €24,749 (+13.3%), from €185,661 to €210,410
- Trade debts -€18,252
down €18,252 (-64.3%), from €28,386 to €10,134
- Debts after one year -€14,209
down €14,209 (-23.2%), from €61,280 to €47,071
- Advances received -€13,464
down €13,464 (-100%), from €13,464 to €0
- Tax, wage and social debts +€6,663
up €6,663 (+27.1%), from €24,550 to €31,213
of which Remuneration and social security: +€3,825
- Gross operating margin +€61,940
up €61,940 (+23.9%), from €259,113 to €321,053
- Financial income -€21,829
down €21,829 (-99.8%), from €21,872 to €44
- Taxes +€12,445
up €12,445 (+25.2%), from €49,365 to €61,810
- Staff costs +€10,452
up €10,452 (+28.8%), from €36,246 to €46,698
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 | €452,691 | €432,938 | -€19,753 | -4.4% |
| Fixed assets | 21/28 | €94,122 | €82,827 | -€11,295 | -12.0% |
| Tangible fixed assets | 22/27 | €94,122 | €74,827 | -€19,295 | -20.5% |
| Plant, machinery and equipment | 23 | €7,623 | €3,574 | -€4,049 | -53.1% |
| Furniture and vehicles | 24 | €9,037 | €981 | -€8,055 | -89.1% |
| Other tangible fixed assets | 26 | €77,463 | €70,272 | -€7,191 | -9.3% |
| Financial fixed assets | 28 | - | €8,000 | +€8,000 | |
| Current assets | 29/58 | €358,569 | €350,111 | -€8,458 | -2.4% |
| Stocks and contracts in progress | 3 | €24,483 | €26,926 | +€2,443 | +10.0% |
| Stocks | 30/36 | €24,483 | €26,926 | +€2,443 | +10.0% |
| Amounts receivable within one year | 40/41 | €308,864 | €210,018 | -€98,847 | -32.0% |
| Trade receivables | 40 | €55,661 | €39,361 | -€16,300 | -29.3% |
| Other amounts receivable | 41 | €253,203 | €170,656 | -€82,547 | -32.6% |
| Current investments | 50/53 | €25,000 | €53,080 | +€28,080 | +112% |
| Cash at bank and in hand | 54/58 | €222 | €60,087 | +€59,866 | +27,004% |
| Total equity and liabilities | 10/49 | €452,691 | €432,938 | -€19,753 | -4.4% |
| Equity | 10/15 | €106,416 | €106,416 | = | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €94,016 | €94,016 | = | 0.0% |
| Distributable reserves | 133 | €94,016 | €94,016 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €346,276 | €326,523 | -€19,753 | -5.7% |
| Amounts payable after more than one year | 17 | €61,280 | €47,071 | -€14,209 | -23.2% |
| Financial debts | 170/4 | €61,280 | €47,071 | -€14,209 | -23.2% |
| Amounts payable within one year | 42/48 | €284,995 | €279,452 | -€5,543 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €13,722 | €14,209 | +€488 | +3.6% |
| Financial debts | 43 | €19,213 | €13,485 | -€5,728 | -29.8% |
| Credit institutions | 430/8 | €12,443 | €0 | -€12,443 | -100% |
| Other loans | 439 | €6,770 | €13,485 | +€6,715 | +99.2% |
| Trade debts | 44 | €28,386 | €10,134 | -€18,252 | -64.3% |
| Suppliers | 440/4 | €28,386 | €10,134 | -€18,252 | -64.3% |
| Advances received on contracts in progress | 46 | €13,464 | €0 | -€13,464 | -100% |
| Taxes, remuneration and social security | 45 | €24,550 | €31,213 | +€6,663 | +27.1% |
| Taxes | 450/3 | €15,681 | €18,520 | +€2,839 | +18.1% |
| Remuneration and social security | 454/9 | €8,868 | €12,693 | +€3,825 | +43.1% |
| Other amounts payable | 47/48 | €185,661 | €210,410 | +€24,749 | +13.3% |
| Remuneration, social security and pensions | 62 | €36,246 | €46,698 | +€10,452 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,551 | €23,653 | -€897 | -3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €321 | €431 | +€111 | +34.5% |
| Other operating charges | 640/8 | €3,607 | €3,782 | +€175 | +4.9% |
| Gross operating margin | 9900 | €259,113 | €321,053 | +€61,940 | +23.9% |
| Operating profit (loss) | 9901 | €194,389 | €246,489 | +€52,099 | +26.8% |
| Financial income | 75/76B | €21,872 | €44 | -€21,829 | -99.8% |
| Recurring financial income | 75 | €21,872 | €44 | -€21,829 | -99.8% |
| Financial charges | 65/66B | €4,250 | €3,829 | -€420 | -9.9% |
| Recurring financial charges | 65 | €4,250 | €3,829 | -€420 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €212,012 | €242,703 | +€30,691 | +14.5% |
| Income taxes | 67/77 | €49,365 | €61,810 | +€12,445 | +25.2% |
| Profit (loss) for the period | 9904 | €162,647 | €180,893 | +€18,245 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €162,647 | €180,893 | +€18,245 | +11.2% |
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 23 October 2026 via checked.be.