DAP Inge Vanhove: 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 Inge Vanhove
Largest movements
- Cash +€29,968
up €29,968 (+16.3%), from €183,507 to €213,475
mainly Stocks and contracts (+€26,500) and Investment in fixed assets (net) (+€20,737)
- Stocks and contracts -€26,500
down €26,500 (-100%), from €26,500 to €0
- Tangible fixed assets -€21,017
down €21,017 (-96.7%), from €21,724 to €707
of which Plant, machinery and equipment: -€18,384
- Receivables within one year +€19,856
up €19,856 (+174%), from €11,407 to €31,263
of which Trade receivables: +€13,709
- Reserves +€8,058
up €8,058 (+4.0%), from €200,260 to €208,318
of which Distributable reserves: +€8,058
- Other debts -€4,292
down €4,292 (-29.3%), from €14,645 to €10,353
- Gross operating margin -€35,617
down €35,617 (-56.6%), from €62,975 to €27,358
- Taxes -€13,786
down €13,786 (-78.2%), from €17,639 to €3,854
- Depreciation -€5,754
down €5,754 (-95.4%), from €6,034 to €280
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 | €246,576 | €247,099 | +€524 | +0.2% |
| Fixed assets | 21/28 | €21,724 | €707 | -€21,017 | -96.7% |
| Tangible fixed assets | 22/27 | €21,724 | €707 | -€21,017 | -96.7% |
| Plant, machinery and equipment | 23 | €19,091 | €707 | -€18,384 | -96.3% |
| Furniture and vehicles | 24 | €2,633 | €0 | -€2,633 | -100% |
| Current assets | 29/58 | €224,852 | €246,392 | +€21,541 | +9.6% |
| Stocks and contracts in progress | 3 | €26,500 | €0 | -€26,500 | -100% |
| Stocks | 30/36 | €26,500 | €0 | -€26,500 | -100% |
| Amounts receivable within one year | 40/41 | €11,407 | €31,263 | +€19,856 | +174% |
| Trade receivables | 40 | €11,407 | €25,116 | +€13,709 | +120% |
| Other amounts receivable | 41 | €0 | €6,146 | +€6,146 | |
| Cash at bank and in hand | 54/58 | €183,507 | €213,475 | +€29,968 | +16.3% |
| Deferred charges and accrued income | 490/1 | €3,438 | €1,655 | -€1,783 | -51.9% |
| Total equity and liabilities | 10/49 | €246,576 | €247,099 | +€524 | +0.2% |
| Equity | 10/15 | €218,860 | €226,918 | +€8,058 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200,260 | €208,318 | +€8,058 | +4.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €198,400 | €206,458 | +€8,058 | +4.1% |
| Amounts payable | 17/49 | €27,716 | €20,182 | -€7,534 | -27.2% |
| Amounts payable within one year | 42/48 | €23,258 | €15,051 | -€8,208 | -35.3% |
| Trade debts | 44 | €2,399 | €686 | -€1,713 | -71.4% |
| Suppliers | 440/4 | €2,399 | €686 | -€1,713 | -71.4% |
| Taxes, remuneration and social security | 45 | €6,215 | €4,012 | -€2,203 | -35.4% |
| Taxes | 450/3 | €6,215 | €4,012 | -€2,203 | -35.4% |
| Other amounts payable | 47/48 | €14,645 | €10,353 | -€4,292 | -29.3% |
| Accrued charges and deferred income | 492/3 | €4,457 | €5,131 | +€674 | +15.1% |
| Non-recurring operating income | 76A | - | €20,826 | +€20,826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,034 | €280 | -€5,754 | -95.4% |
| Other operating charges | 640/8 | €919 | €769 | -€151 | -16.4% |
| Non-recurring operating charges | 66A | - | €13,593 | +€13,593 | |
| Gross operating margin | 9900 | €62,975 | €27,358 | -€35,617 | -56.6% |
| Operating profit (loss) | 9901 | €56,022 | €12,716 | -€43,306 | -77.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,101 | €805 | -€297 | -26.9% |
| Recurring financial charges | 65 | €1,101 | €805 | -€297 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €54,920 | €11,911 | -€43,009 | -78.3% |
| Income taxes | 67/77 | €17,639 | €3,854 | -€13,786 | -78.2% |
| Profit (loss) for the period | 9904 | €37,281 | €8,058 | -€29,223 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,281 | €8,058 | -€29,223 | -78.4% |
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 21 October 2026 via checked.be.