DAP Equi-Valent: what changed
What changed
DAP Equi-Valent
NACE 75.000, Veterinary services
filed annual accounts (NBB)
Net result for the year
€35,511
2024 · €34,458+€1,053
Equity
€79,547
2024 · €43,907+€35,641
Cash
€6,632
2024 · €7,488-€856
Balance sheet total
€173,061
2024 · €134,687+€38,374
Largest movements
Assets
- Current investments +€29,769
up €29,769 (+135%), from €22,046 to €51,815
- Tangible fixed assets +€7,369
up €7,369 (+8.1%), from €90,548 to €97,917
of which Furniture and vehicles: +€15,685
- Receivables within one year +€4,222
up €4,222 (+145%), from €2,911 to €7,133
of which Other amounts receivable: +€2,380
Equity and liabilities
- Reserves +€35,511
up €35,511 (+85.5%), from €41,536 to €77,047
- Current portion of long-term debt +€4,464
up €4,464 (+31.9%), from €14,006 to €18,471
- Tax, wage and social debts -€3,316
down €3,316 (-25.4%), from €13,038 to €9,722
of which Taxes: -€3,316
- Debts after one year +€2,489
up €2,489 (+7.3%), from €34,176 to €36,666
- Accrued charges and deferred income -€1,788
down €1,788 (-59.5%), from €3,004 to €1,216
Income statement
- Financial charges -€2,587
down €2,587 (-41.8%), from €6,188 to €3,602
- Depreciation +€2,446
up €2,446 (+9.4%), from €25,987 to €28,433
- Taxes -€1,275
down €1,275 (-10.5%), from €12,145 to €10,871
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.
Result 2024
€34,458
Gross operating margin
+€360
Depreciation
-€2,446
Other operating charges
-€790
Financial income
+€68
Financial charges
+€2,587
Taxes
+€1,275
Result 2025
€35,511
raises the resultlowers the result
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.
From operations
+€57,632
Investment
-€65,571
Financing
+€7,083
Cash 2024
€7,488
From operations (derived)
+€57,632
Net result for the year
+€35,511
Depreciation
+€28,433
Stocks and contracts
+€1,480
Receivables within one year
-€4,222
Deferred charges and accrued income
+€650
Trade debts
-€161
Tax, wage and social debts
-€3,316
Other debts
+€1,044
Accrued charges and deferred income
-€1,788
Investment (derived)
-€65,571
Investment in fixed assets (net)
-€35,802
Current investments
-€29,769
Financing
+€7,083
Debts after one year
+€2,489
Current portion of long-term debt
+€4,464
Contributions, distributions and other
+€130
Cash 2025
€6,632
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,687 | €173,061 | +€38,374 | +28.5% |
| Fixed assets | 21/28 | €90,548 | €97,917 | +€7,369 | +8.1% |
| Tangible fixed assets | 22/27 | €90,548 | €97,917 | +€7,369 | +8.1% |
| Land and buildings | 22 | €26,331 | €28,752 | +€2,420 | +9.2% |
| Plant, machinery and equipment | 23 | €55,083 | €51,220 | -€3,863 | -7.0% |
| Furniture and vehicles | 24 | - | €15,685 | +€15,685 | |
| Leasing and similar rights | 25 | €9,133 | €2,260 | -€6,873 | -75.3% |
| Current assets | 29/58 | €44,139 | €75,144 | +€31,005 | +70.2% |
| Stocks and contracts in progress | 3 | €10,375 | €8,895 | -€1,480 | -14.3% |
| Stocks | 30/36 | €10,375 | €8,895 | -€1,480 | -14.3% |
| Amounts receivable within one year | 40/41 | €2,911 | €7,133 | +€4,222 | +145% |
| Trade receivables | 40 | €2,852 | €4,693 | +€1,841 | +64.6% |
| Other amounts receivable | 41 | €59 | €2,439 | +€2,380 | +4,037% |
| Current investments | 50/53 | €22,046 | €51,815 | +€29,769 | +135% |
| Cash at bank and in hand | 54/58 | €7,488 | €6,632 | -€856 | -11.4% |
| Deferred charges and accrued income | 490/1 | €1,319 | €669 | -€650 | -49.3% |
| Total equity and liabilities | 10/49 | €134,687 | €173,061 | +€38,374 | +28.5% |
| Equity | 10/15 | €43,907 | €79,547 | +€35,641 | +81.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €41,536 | €77,047 | +€35,511 | +85.5% |
| Distributable reserves | 133 | €41,536 | €77,047 | +€35,511 | +85.5% |
| Profit (loss) carried forward | 14 | -€130 | - | +€130 | |
| Amounts payable | 17/49 | €90,780 | €93,513 | +€2,733 | +3.0% |
| Amounts payable after more than one year | 17 | €34,176 | €36,666 | +€2,489 | +7.3% |
| Financial debts | 170/4 | €34,176 | €36,666 | +€2,489 | +7.3% |
| Amounts payable within one year | 42/48 | €53,600 | €55,632 | +€2,032 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €14,006 | €18,471 | +€4,464 | +31.9% |
| Trade debts | 44 | €1,807 | €1,646 | -€161 | -8.9% |
| Suppliers | 440/4 | €1,807 | €1,646 | -€161 | -8.9% |
| Taxes, remuneration and social security | 45 | €13,038 | €9,722 | -€3,316 | -25.4% |
| Taxes | 450/3 | €11,038 | €7,722 | -€3,316 | -30.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €24,749 | €25,793 | +€1,044 | +4.2% |
| Accrued charges and deferred income | 492/3 | €3,004 | €1,216 | -€1,788 | -59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,987 | €28,433 | +€2,446 | +9.4% |
| Other operating charges | 640/8 | €640 | €1,431 | +€790 | +123% |
| Gross operating margin | 9900 | €79,322 | €79,683 | +€360 | +0.5% |
| Operating profit (loss) | 9901 | €52,695 | €49,819 | -€2,876 | -5.5% |
| Financial income | 75/76B | €96 | €165 | +€68 | +71.0% |
| Recurring financial income | 75 | €96 | €165 | +€68 | +71.0% |
| Financial charges | 65/66B | €6,188 | €3,602 | -€2,587 | -41.8% |
| Recurring financial charges | 65 | €6,188 | €3,602 | -€2,587 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €46,603 | €46,382 | -€221 | -0.5% |
| Income taxes | 67/77 | €12,145 | €10,871 | -€1,275 | -10.5% |
| Profit (loss) for the period | 9904 | €34,458 | €35,511 | +€1,053 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,458 | €35,511 | +€1,053 | +3.1% |
Next steps
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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 4 November 2026 via checked.be.