DAP De Wolf: 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 Wolf
Largest movements
- Receivables within one year +€13,611
up €13,611 (+24.3%), from €56,079 to €69,690
of which Other amounts receivable: +€29,686
- Cash -€12,061
no longer reported in 2025 (was €12,061)
mainly Receivables within one year (-€13,611) and Current portion of long-term debt (-€10,602)
- Current investments +€928
new in 2025: €928
- Current portion of long-term debt -€10,602
no longer reported in 2025 (was €10,602)
- Trade debts +€6,941
new in 2025: €6,941
- Other debts +€4,410
new in 2025: €4,410
- Profit (loss) carried forward +€1,499
up €1,499 (+113%), from €1,330 to €2,828
- Gross operating margin -€29,490
down €29,490 (-77.2%), from €38,189 to €8,699
- Taxes -€8,193
down €8,193 (-76.0%), from €10,776 to €2,583
- Financial charges +€3,505
up €3,505 (+368%), from €952 to €4,457
- Other operating charges -€1,248
down €1,248 (-67.6%), from €1,846 to €598
- Financial income +€735
up €735 (+67.9%), from €1,083 to €1,818
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 | €69,780 | €71,457 | +€1,678 | +2.4% |
| Fixed assets | 21/28 | €1,058 | €648 | -€410 | -38.7% |
| Tangible fixed assets | 22/27 | €1,058 | €648 | -€410 | -38.7% |
| Plant, machinery and equipment | 23 | €1,058 | - | -€1,058 | |
| Furniture and vehicles | 24 | - | €648 | +€648 | |
| Current assets | 29/58 | €68,722 | €70,809 | +€2,088 | +3.0% |
| Amounts receivable within one year | 40/41 | €56,079 | €69,690 | +€13,611 | +24.3% |
| Trade receivables | 40 | €23,855 | €7,780 | -€16,074 | -67.4% |
| Other amounts receivable | 41 | €32,224 | €61,910 | +€29,686 | +92.1% |
| Current investments | 50/53 | - | €928 | +€928 | |
| Cash at bank and in hand | 54/58 | €12,061 | - | -€12,061 | |
| Deferred charges and accrued income | 490/1 | €581 | €191 | -€390 | -67.1% |
| Total equity and liabilities | 10/49 | €69,780 | €71,457 | +€1,678 | +2.4% |
| Equity | 10/15 | €37,662 | €39,161 | +€1,499 | +4.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €23,932 | €23,932 | = | 0.0% |
| Distributable reserves | 133 | €23,932 | €23,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,330 | €2,828 | +€1,499 | +113% |
| Amounts payable | 17/49 | €32,118 | €32,297 | +€179 | +0.6% |
| Amounts payable within one year | 42/48 | €32,118 | €32,297 | +€179 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €10,602 | - | -€10,602 | |
| Trade debts | 44 | - | €6,941 | +€6,941 | |
| Suppliers | 440/4 | - | €6,941 | +€6,941 | |
| Taxes, remuneration and social security | 45 | €21,516 | €20,945 | -€570 | -2.7% |
| Taxes | 450/3 | €21,516 | €18,295 | -€3,221 | -15.0% |
| Remuneration and social security | 454/9 | - | €2,651 | +€2,651 | |
| Other amounts payable | 47/48 | - | €4,410 | +€4,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,767 | €1,382 | -€385 | -21.8% |
| Other operating charges | 640/8 | €1,846 | €598 | -€1,248 | -67.6% |
| Gross operating margin | 9900 | €38,189 | €8,699 | -€29,490 | -77.2% |
| Operating profit (loss) | 9901 | €34,577 | €6,720 | -€27,857 | -80.6% |
| Financial income | 75/76B | €1,083 | €1,818 | +€735 | +67.9% |
| Recurring financial income | 75 | €1,083 | €1,818 | +€735 | +67.9% |
| Financial charges | 65/66B | €952 | €4,457 | +€3,505 | +368% |
| Recurring financial charges | 65 | €952 | €4,457 | +€3,505 | +368% |
| Profit (loss) for the period before taxes | 9903 | €34,708 | €4,081 | -€30,627 | -88.2% |
| Income taxes | 67/77 | €10,776 | €2,583 | -€8,193 | -76.0% |
| Profit (loss) for the period | 9904 | €23,932 | €1,499 | -€22,434 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,932 | €1,499 | -€22,434 | -93.7% |
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 17 October 2026 via checked.be.