DAP DESAEVER - THEYS: what changed
DAP DESAEVER - THEYS
Largest movements
- Cash +€318,357
up €318,357 (+325%), from €97,877 to €416,235
mainly Net result for the year (+€175,647) and Receivables within one year (+€122,096)
- Receivables within one year -€122,096
down €122,096 (-33.0%), from €369,843 to €247,747
of which Trade receivables: -€102,787
- Tangible fixed assets -€37,266
down €37,266 (-34.2%), from €108,897 to €71,631
of which Furniture and vehicles: -€35,676
- Reserves +€175,647
up €175,647 (+231%), from €75,988 to €251,635
- Other debts -€37,871
down €37,871 (-14.1%), from €268,983 to €231,113
- Tax, wage and social debts +€35,914
up €35,914 (+265%), from €13,546 to €49,460
of which Taxes: +€33,147
- Debts after one year -€18,073
down €18,073 (-26.6%), from €68,034 to €49,962
- Current portion of long-term debt -€7,672
down €7,672 (-29.8%), from €25,744 to €18,073
- Gross operating margin +€163,785
up €163,785 (+125%), from €131,551 to €295,336
- Taxes +€38,672
up €38,672 (+227%), from €17,043 to €55,716
- Depreciation +€8,474
up €8,474 (+28.6%), from €29,657 to €38,131
- Staff costs +€5,101
up €5,101 (+30.6%), from €16,676 to €21,777
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 | €590,067 | €742,362 | +€152,296 | +25.8% |
| Fixed assets | 21/28 | €108,897 | €71,631 | -€37,266 | -34.2% |
| Tangible fixed assets | 22/27 | €108,897 | €71,631 | -€37,266 | -34.2% |
| Plant, machinery and equipment | 23 | €4,043 | €2,453 | -€1,590 | -39.3% |
| Furniture and vehicles | 24 | €104,854 | €69,178 | -€35,676 | -34.0% |
| Current assets | 29/58 | €481,170 | €670,732 | +€189,562 | +39.4% |
| Stocks and contracts in progress | 3 | €13,450 | €6,750 | -€6,700 | -49.8% |
| Stocks | 30/36 | €13,450 | €6,750 | -€6,700 | -49.8% |
| Amounts receivable within one year | 40/41 | €369,843 | €247,747 | -€122,096 | -33.0% |
| Trade receivables | 40 | €350,535 | €247,747 | -€102,787 | -29.3% |
| Other amounts receivable | 41 | €19,308 | €0 | -€19,308 | -100% |
| Cash at bank and in hand | 54/58 | €97,877 | €416,235 | +€318,357 | +325% |
| Total equity and liabilities | 10/49 | €590,067 | €742,362 | +€152,296 | +25.8% |
| Equity | 10/15 | €94,588 | €270,235 | +€175,647 | +186% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,988 | €251,635 | +€175,647 | +231% |
| Distributable reserves | 133 | €75,988 | €251,635 | +€175,647 | +231% |
| Amounts payable | 17/49 | €495,479 | €472,128 | -€23,351 | -4.7% |
| Amounts payable after more than one year | 17 | €68,034 | €49,962 | -€18,073 | -26.6% |
| Financial debts | 170/4 | €68,034 | €49,962 | -€18,073 | -26.6% |
| Amounts payable within one year | 42/48 | €427,445 | €422,166 | -€5,278 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €25,744 | €18,073 | -€7,672 | -29.8% |
| Financial debts | 43 | €1,085 | €3,934 | +€2,849 | +262% |
| Credit institutions | 430/8 | €1,085 | €3,934 | +€2,849 | +262% |
| Trade debts | 44 | €118,085 | €119,587 | +€1,501 | +1.3% |
| Suppliers | 440/4 | €118,085 | €119,587 | +€1,501 | +1.3% |
| Taxes, remuneration and social security | 45 | €13,546 | €49,460 | +€35,914 | +265% |
| Taxes | 450/3 | €7,218 | €40,365 | +€33,147 | +459% |
| Remuneration and social security | 454/9 | €6,328 | €9,095 | +€2,767 | +43.7% |
| Other amounts payable | 47/48 | €268,983 | €231,113 | -€37,871 | -14.1% |
| Remuneration, social security and pensions | 62 | €16,676 | €21,777 | +€5,101 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,657 | €38,131 | +€8,474 | +28.6% |
| Other operating charges | 640/8 | €950 | €968 | +€19 | +2.0% |
| Gross operating margin | 9900 | €131,551 | €295,336 | +€163,785 | +125% |
| Operating profit (loss) | 9901 | €84,268 | €234,460 | +€150,191 | +178% |
| Financial income | 75/76B | €2,038 | €223 | -€1,816 | -89.1% |
| Recurring financial income | 75 | €2,038 | €223 | -€1,816 | -89.1% |
| Financial charges | 65/66B | €2,420 | €3,320 | +€900 | +37.2% |
| Recurring financial charges | 65 | €2,420 | €3,320 | +€900 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €83,886 | €231,362 | +€147,476 | +176% |
| Income taxes | 67/77 | €17,043 | €55,716 | +€38,672 | +227% |
| Profit (loss) for the period | 9904 | €66,843 | €175,647 | +€108,804 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | €66,843 | €175,647 | +€108,804 | +163% |
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 5 November 2026 via checked.be.