DAP Douwen: what changed
Two fiscal 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 Douwen
Largest movements
- Intangible fixed assets -€12,500
down €12,500 (-11.1%), from €112,398 to €99,898
- Cash -€12,183
down €12,183 (-38.4%), from €31,747 to €19,564
mainly Debts after one year (-€24,956) and Investment in fixed assets (net) (-€10,160)
- Receivables within one year +€5,669
up €5,669 (+189.1%), from €2,998 to €8,667
of which Other amounts receivable: +€5,003
- Deferred charges and accrued income +€3,579
up €3,579 (+257.8%), from €1,388 to €4,968
- Debts after one year -€24,956
down €24,956 (-31.9%), from €78,120 to €53,164
- Reserves +€15,395
up €15,395 (+61.1%), from €25,188 to €40,583
- Other debts -€7,965
no longer reported in 2025 (was €7,965)
- Trade debts +€7,044
up €7,044 (+171.5%), from €4,106 to €11,151
- Current portion of long-term debt -€3,304
down €3,304 (-11.7%), from €28,260 to €24,956
- Gross operating margin -€12,327
down €12,327 (-19.4%), from €63,579 to €51,252
- Taxes -€2,788
down €2,788 (-24.8%), from €11,232 to €8,443
- Depreciation +€2,375
up €2,375 (+12.5%), from €19,077 to €21,452
- Financial charges -€1,693
down €1,693 (-28.5%), from €5,935 to €4,242
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.
Cash bridge derived
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 | €167,964 | €154,384 | -€13,580 | -8.1% |
| Fixed assets | 21/28 | €123,979 | €112,686 | -€11,293 | -9.1% |
| Intangible fixed assets | 21 | €112,398 | €99,898 | -€12,500 | -11.1% |
| Tangible fixed assets | 22/27 | €10,382 | €11,589 | +€1,207 | +11.6% |
| Plant, machinery and equipment | 23 | €5,417 | €3,962 | -€1,455 | -26.9% |
| Furniture and vehicles | 24 | - | €7,627 | +€7,627 | |
| Leasing and similar rights | 25 | €4,965 | - | -€4,965 | |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €43,984 | €41,698 | -€2,287 | -5.2% |
| Stocks and contracts in progress | 3 | €7,851 | €8,498 | +€647 | +8.2% |
| Stocks | 30/36 | €7,851 | €8,498 | +€647 | +8.2% |
| Amounts receivable within one year | 40/41 | €2,998 | €8,667 | +€5,669 | +189.1% |
| Trade receivables | 40 | €2,998 | €3,664 | +€666 | +22.2% |
| Other amounts receivable | 41 | - | €5,003 | +€5,003 | |
| Cash at bank and in hand | 54/58 | €31,747 | €19,564 | -€12,183 | -38.4% |
| Deferred charges and accrued income | 490/1 | €1,388 | €4,968 | +€3,579 | +257.8% |
| Total equity and liabilities | 10/49 | €167,964 | €154,384 | -€13,580 | -8.1% |
| Equity | 10/15 | €30,188 | €45,583 | +€15,395 | +51.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,188 | €40,583 | +€15,395 | +61.1% |
| Distributable reserves | 133 | €25,188 | €40,583 | +€15,395 | +61.1% |
| Amounts payable | 17/49 | €137,775 | €108,801 | -€28,975 | -21.0% |
| Amounts payable after more than one year | 17 | €78,120 | €53,164 | -€24,956 | -31.9% |
| Financial debts | 170/4 | €78,120 | €53,164 | -€24,956 | -31.9% |
| Amounts payable within one year | 42/48 | €59,656 | €55,637 | -€4,018 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €28,260 | €24,956 | -€3,304 | -11.7% |
| Trade debts | 44 | €4,106 | €11,151 | +€7,044 | +171.5% |
| Suppliers | 440/4 | €4,106 | €11,151 | +€7,044 | +171.5% |
| Taxes, remuneration and social security | 45 | €19,324 | €19,530 | +€206 | +1.1% |
| Taxes | 450/3 | €19,324 | €19,530 | +€206 | +1.1% |
| Other amounts payable | 47/48 | €7,965 | - | -€7,965 | |
| Remuneration, social security and pensions | 62 | €64 | €73 | +€9 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,077 | €21,452 | +€2,375 | +12.5% |
| Other operating charges | 640/8 | €2,104 | €1,926 | -€178 | -8.5% |
| Gross operating margin | 9900 | €63,579 | €51,252 | -€12,327 | -19.4% |
| Operating profit (loss) | 9901 | €42,334 | €27,801 | -€14,533 | -34.3% |
| Financial income | 75/76B | €21 | €280 | +€258 | +1217.2% |
| Recurring financial income | 75 | €21 | €280 | +€258 | +1217.2% |
| Financial charges | 65/66B | €5,935 | €4,242 | -€1,693 | -28.5% |
| Recurring financial charges | 65 | €5,935 | €4,242 | -€1,693 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €36,420 | €23,838 | -€12,582 | -34.5% |
| Income taxes | 67/77 | €11,232 | €8,443 | -€2,788 | -24.8% |
| Profit (loss) for the period | 9904 | €25,188 | €15,395 | -€9,793 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,188 | €15,395 | -€9,793 | -38.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.