DAP De Vroey: what changed
DAP De Vroey
Largest movements
- Tangible fixed assets -€20,735
down €20,735 (-14.2%), from €145,541 to €124,806
of which Furniture and vehicles: -€11,847
- Cash +€12,756
up €12,756 (+18.6%), from €68,703 to €81,460
mainly Net result for the year (+€37,598) and Depreciation (+€31,735)
- Intangible fixed assets -€11,000
down €11,000 (-34.4%), from €32,005 to €21,005
- Stocks and contracts +€10,108
up €10,108 (+80.0%), from €12,631 to €22,739
- Debts after one year -€42,603
down €42,603 (-36.0%), from €118,397 to €75,795
- Profit (loss) carried forward +€37,598
up €37,598 (+34.7%), from €108,286 to €145,883
- Trade debts +€7,894
up €7,894 (+95.7%), from €8,251 to €16,145
- Other debts -€6,327
down €6,327 (-76.2%), from €8,302 to €1,975
- Tax, wage and social debts -€5,184
down €5,184 (-36.2%), from €14,314 to €9,130
of which Taxes: -€4,800
- Staff costs +€6,620
up €6,620 (+17.1%), from €38,653 to €45,273
- Financial charges -€1,728
down €1,728 (-29.9%), from €5,785 to €4,057
- Other operating charges -€1,628
down €1,628 (-58.7%), from €2,772 to €1,144
- Gross operating margin -€1,577
down €1,577 (-1.2%), from €131,814 to €130,236
- Taxes -€1,397
down €1,397 (-11.8%), from €11,829 to €10,433
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €390,952 | €382,161 | -€8,790 | -2.2% |
| Fixed assets | 21/28 | €177,546 | €145,811 | -€31,735 | -17.9% |
| Intangible fixed assets | 21 | €32,005 | €21,005 | -€11,000 | -34.4% |
| Tangible fixed assets | 22/27 | €145,541 | €124,806 | -€20,735 | -14.2% |
| Land and buildings | 22 | €96,539 | €88,329 | -€8,210 | -8.5% |
| Plant, machinery and equipment | 23 | €12,781 | €12,104 | -€678 | -5.3% |
| Furniture and vehicles | 24 | €36,220 | €24,373 | -€11,847 | -32.7% |
| Current assets | 29/58 | €213,406 | €236,350 | +€22,944 | +10.8% |
| Stocks and contracts in progress | 3 | €12,631 | €22,739 | +€10,108 | +80.0% |
| Stocks | 30/36 | €12,631 | €22,739 | +€10,108 | +80.0% |
| Amounts receivable within one year | 40/41 | €127,722 | €129,128 | +€1,405 | +1.1% |
| Trade receivables | 40 | €36,462 | €38,565 | +€2,103 | +5.8% |
| Other amounts receivable | 41 | €91,261 | €90,563 | -€698 | -0.8% |
| Cash at bank and in hand | 54/58 | €68,703 | €81,460 | +€12,756 | +18.6% |
| Deferred charges and accrued income | 490/1 | €4,349 | €3,024 | -€1,325 | -30.5% |
| Total equity and liabilities | 10/49 | €390,952 | €382,161 | -€8,790 | -2.2% |
| Equity | 10/15 | €194,207 | €231,804 | +€37,598 | +19.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €73,521 | €73,521 | = | 0.0% |
| Distributable reserves | 133 | €73,521 | €73,521 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,286 | €145,883 | +€37,598 | +34.7% |
| Amounts payable | 17/49 | €196,745 | €150,357 | -€46,388 | -23.6% |
| Amounts payable after more than one year | 17 | €118,397 | €75,795 | -€42,603 | -36.0% |
| Financial debts | 170/4 | €118,397 | €75,795 | -€42,603 | -36.0% |
| Amounts payable within one year | 42/48 | €75,818 | €73,355 | -€2,463 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €44,951 | €46,104 | +€1,154 | +2.6% |
| Trade debts | 44 | €8,251 | €16,145 | +€7,894 | +95.7% |
| Suppliers | 440/4 | €8,251 | €16,145 | +€7,894 | +95.7% |
| Taxes, remuneration and social security | 45 | €14,314 | €9,130 | -€5,184 | -36.2% |
| Taxes | 450/3 | €8,360 | €3,560 | -€4,800 | -57.4% |
| Remuneration and social security | 454/9 | €5,954 | €5,570 | -€384 | -6.5% |
| Other amounts payable | 47/48 | €8,302 | €1,975 | -€6,327 | -76.2% |
| Accrued charges and deferred income | 492/3 | €2,530 | €1,208 | -€1,322 | -52.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €38,653 | €45,273 | +€6,620 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,464 | €31,735 | +€271 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€946 | €0 | +€946 | |
| Other operating charges | 640/8 | €2,772 | €1,144 | -€1,628 | -58.7% |
| Gross operating margin | 9900 | €131,814 | €130,236 | -€1,577 | -1.2% |
| Operating profit (loss) | 9901 | €59,871 | €52,085 | -€7,786 | -13.0% |
| Financial income | 75/76B | €78 | €2 | -€76 | -97.2% |
| Recurring financial income | 75 | €78 | €2 | -€76 | -97.2% |
| Financial charges | 65/66B | €5,785 | €4,057 | -€1,728 | -29.9% |
| Recurring financial charges | 65 | €5,785 | €4,057 | -€1,728 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €54,163 | €48,030 | -€6,133 | -11.3% |
| Income taxes | 67/77 | €11,829 | €10,433 | -€1,397 | -11.8% |
| Profit (loss) for the period | 9904 | €42,334 | €37,598 | -€4,737 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,334 | €37,598 | -€4,737 | -11.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.