DAP Katrien Bleyen: 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 Katrien Bleyen
Largest movements
- Tangible fixed assets -€8,961
down €8,961 (-33.7%), from €26,574 to €17,613
of which Plant, machinery and equipment: -€4,936
- Cash -€3,377
down €3,377 (-6.4%), from €53,061 to €49,684
mainly Contributions, distributions and other (-€68,081) and Trade debts (-€3,248)
- Stocks and contracts +€3,176
up €3,176 (+18.8%), from €16,891 to €20,067
- Profit (loss) carried forward -€35,151
down €35,151 (-53.1%), from €66,221 to €31,070
- Other debts +€25,699
up €25,699 (+4,946%), from €520 to €26,219
- Tax, wage and social debts +€4,793
up €4,793 (+53.1%), from €9,030 to €13,823
- Trade debts -€3,248
down €3,248 (-99.8%), from €3,256 to €8
- Reserves -€1,860
no longer reported in 2025 (was €1,860)
- Gross operating margin -€2,379
down €2,379 (-4.2%), from €57,166 to €54,786
- Depreciation -€1,884
down €1,884 (-14.6%), from €12,911 to €11,027
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 | €99,485 | €89,719 | -€9,766 | -9.8% |
| Fixed assets | 21/28 | €26,574 | €17,613 | -€8,961 | -33.7% |
| Tangible fixed assets | 22/27 | €26,574 | €17,613 | -€8,961 | -33.7% |
| Plant, machinery and equipment | 23 | €16,124 | €11,188 | -€4,936 | -30.6% |
| Furniture and vehicles | 24 | €7,041 | €3,623 | -€3,418 | -48.5% |
| Other tangible fixed assets | 26 | €3,409 | €2,802 | -€607 | -17.8% |
| Current assets | 29/58 | €72,912 | €72,106 | -€805 | -1.1% |
| Stocks and contracts in progress | 3 | €16,891 | €20,067 | +€3,176 | +18.8% |
| Stocks | 30/36 | €16,891 | €20,067 | +€3,176 | +18.8% |
| Amounts receivable within one year | 40/41 | €1,983 | €1,344 | -€639 | -32.2% |
| Trade receivables | 40 | €1,983 | €1,344 | -€639 | -32.2% |
| Cash at bank and in hand | 54/58 | €53,061 | €49,684 | -€3,377 | -6.4% |
| Deferred charges and accrued income | 490/1 | €976 | €1,011 | +€34 | +3.5% |
| Total equity and liabilities | 10/49 | €99,485 | €89,719 | -€9,766 | -9.8% |
| Equity | 10/15 | €86,681 | €49,670 | -€37,011 | -42.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €66,221 | €31,070 | -€35,151 | -53.1% |
| Amounts payable | 17/49 | €12,805 | €40,049 | +€27,245 | +213% |
| Amounts payable within one year | 42/48 | €12,805 | €40,049 | +€27,245 | +213% |
| Trade debts | 44 | €3,256 | €8 | -€3,248 | -99.8% |
| Suppliers | 440/4 | €3,256 | €8 | -€3,248 | -99.8% |
| Taxes, remuneration and social security | 45 | €9,030 | €13,823 | +€4,793 | +53.1% |
| Taxes | 450/3 | €9,030 | €13,823 | +€4,793 | +53.1% |
| Other amounts payable | 47/48 | €520 | €26,219 | +€25,699 | +4,946% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,911 | €11,027 | -€1,884 | -14.6% |
| Other operating charges | 640/8 | €1,021 | €1,001 | -€19 | -1.9% |
| Gross operating margin | 9900 | €57,166 | €54,786 | -€2,379 | -4.2% |
| Operating profit (loss) | 9901 | €43,234 | €42,758 | -€476 | -1.1% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.3% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.3% |
| Financial charges | 65/66B | €209 | €50 | -€159 | -76.0% |
| Recurring financial charges | 65 | €209 | €50 | -€159 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | €43,027 | €42,708 | -€319 | -0.7% |
| Income taxes | 67/77 | €11,824 | €11,638 | -€186 | -1.6% |
| Profit (loss) for the period | 9904 | €31,203 | €31,070 | -€133 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,203 | €31,070 | -€133 | -0.4% |
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 22 October 2026 via checked.be.