DAP De Varing: 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 Varing
Largest movements
- Cash +€29,160
up €29,160 (+28.9%), from €100,862 to €130,021
mainly Depreciation (+€29,413) and Net result for the year (+€15,938)
- Tangible fixed assets -€20,591
down €20,591 (-26.7%), from €77,181 to €56,590
of which Furniture and vehicles: -€12,298
- Intangible fixed assets -€8,500
down €8,500 (-25.0%), from €34,000 to €25,500
- Deferred charges and accrued income -€7,221
down €7,221 (-29.9%), from €24,171 to €16,951
- Receivables within one year -€6,751
down €6,751 (-29.7%), from €22,728 to €15,976
of which Other amounts receivable: -€6,588
- Debts after one year -€18,074
down €18,074 (-27.1%), from €66,600 to €48,527
- Profit (loss) carried forward +€15,938
up €15,938 (+96.0%), from -€16,602 to -€664
- Other debts +€15,244
up €15,244 (+9.5%), from €161,100 to €176,344
- Reserves -€14,000
down €14,000 (-55.2%), from €25,360 to €11,360
of which Distributable reserves: -€14,000
- Trade debts -€7,394
down €7,394 (-49.3%), from €15,011 to €7,617
- Gross operating margin +€42,286
up €42,286 (+97.1%), from €43,566 to €85,852
- Financial charges +€4,505
up €4,505 (+233%), from €1,934 to €6,440
- Depreciation +€2,004
up €2,004 (+7.3%), from €27,408 to €29,413
- Taxes +€1,779
up €1,779 (+1,173%), from €152 to €1,931
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,253 | €289,250 | -€9,003 | -3.0% |
| Fixed assets | 21/28 | €111,181 | €82,090 | -€29,091 | -26.2% |
| Intangible fixed assets | 21 | €34,000 | €25,500 | -€8,500 | -25.0% |
| Tangible fixed assets | 22/27 | €77,181 | €56,590 | -€20,591 | -26.7% |
| Plant, machinery and equipment | 23 | €19,813 | €13,149 | -€6,664 | -33.6% |
| Furniture and vehicles | 24 | €39,945 | €27,646 | -€12,298 | -30.8% |
| Other tangible fixed assets | 26 | €17,424 | €15,795 | -€1,629 | -9.3% |
| Current assets | 29/58 | €187,072 | €207,160 | +€20,088 | +10.7% |
| Stocks and contracts in progress | 3 | €39,312 | €44,212 | +€4,900 | +12.5% |
| Stocks | 30/36 | €39,312 | €44,212 | +€4,900 | +12.5% |
| Amounts receivable within one year | 40/41 | €22,728 | €15,976 | -€6,751 | -29.7% |
| Trade receivables | 40 | €16,097 | €15,933 | -€164 | -1.0% |
| Other amounts receivable | 41 | €6,630 | €43 | -€6,588 | -99.4% |
| Cash at bank and in hand | 54/58 | €100,862 | €130,021 | +€29,160 | +28.9% |
| Deferred charges and accrued income | 490/1 | €24,171 | €16,951 | -€7,221 | -29.9% |
| Total equity and liabilities | 10/49 | €298,253 | €289,250 | -€9,003 | -3.0% |
| Equity | 10/15 | €21,158 | €23,096 | +€1,938 | +9.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,360 | €11,360 | -€14,000 | -55.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,500 | €9,500 | -€14,000 | -59.6% |
| Profit (loss) carried forward | 14 | -€16,602 | -€664 | +€15,938 | +96.0% |
| Amounts payable | 17/49 | €277,095 | €266,154 | -€10,941 | -3.9% |
| Amounts payable after more than one year | 17 | €66,600 | €48,527 | -€18,074 | -27.1% |
| Financial debts | 170/4 | €66,600 | €48,527 | -€18,074 | -27.1% |
| Amounts payable within one year | 42/48 | €210,425 | €214,090 | +€3,665 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €21,538 | €21,985 | +€446 | +2.1% |
| Trade debts | 44 | €15,011 | €7,617 | -€7,394 | -49.3% |
| Suppliers | 440/4 | €15,011 | €7,617 | -€7,394 | -49.3% |
| Taxes, remuneration and social security | 45 | €12,776 | €8,144 | -€4,631 | -36.3% |
| Taxes | 450/3 | €6,117 | €3,643 | -€2,474 | -40.4% |
| Remuneration and social security | 454/9 | €6,659 | €4,502 | -€2,157 | -32.4% |
| Other amounts payable | 47/48 | €161,100 | €176,344 | +€15,244 | +9.5% |
| Accrued charges and deferred income | 492/3 | €69 | €3,537 | +€3,468 | +4,996% |
| Non-recurring operating income | 76A | €3,127 | - | -€3,127 | |
| Remuneration, social security and pensions | 62 | €32,183 | €31,486 | -€697 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,408 | €29,413 | +€2,004 | +7.3% |
| Other operating charges | 640/8 | €748 | €649 | -€99 | -13.3% |
| Gross operating margin | 9900 | €43,566 | €85,852 | +€42,286 | +97.1% |
| Operating profit (loss) | 9901 | -€16,773 | €24,304 | +€41,078 | |
| Financial income | 75/76B | €0 | €4 | +€3 | +717% |
| Recurring financial income | 75 | €0 | €4 | +€3 | +717% |
| Financial charges | 65/66B | €1,934 | €6,440 | +€4,505 | +233% |
| Recurring financial charges | 65 | €1,934 | €6,440 | +€4,505 | +233% |
| Profit (loss) for the period before taxes | 9903 | -€18,707 | €17,869 | +€36,576 | |
| Income taxes | 67/77 | €152 | €1,931 | +€1,779 | +1,173% |
| Profit (loss) for the period | 9904 | -€18,859 | €15,938 | +€34,797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,859 | €15,938 | +€34,797 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.