DAP LDB: 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 LDB
Largest movements
- Cash +€97,543
up €97,543 (+101.7%), from €95,929 to €193,472
mainly Net result for the year (+€86,432) and Tax, wage and social debts (+€24,462)
- Tangible fixed assets +€11,300
up €11,300 (+4.5%), from €252,129 to €263,429
of which Plant, machinery and equipment: +€25,306
- Reserves +€85,599
up €85,599 (+244.6%), from €35,000 to €120,599
- Tax, wage and social debts +€24,462
up €24,462 (+118.4%), from €20,662 to €45,124
of which Taxes: +€26,475
- Gross operating margin +€74,813
up €74,813 (+103.5%), from €72,277 to €147,090
- Taxes +€12,526
up €12,526 (+136.2%), from €9,197 to €21,723
- Depreciation +€6,144
up €6,144 (+35.8%), from €17,159 to €23,302
- Financial charges +€3,366
up €3,366 (+38.9%), from €8,655 to €12,021
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 | €357,621 | €473,862 | +€116,242 | +32.5% |
| Formation expenses | 20 | €135 | €0 | -€135 | -100.0% |
| Fixed assets | 21/28 | €252,529 | €263,829 | +€11,300 | +4.5% |
| Tangible fixed assets | 22/27 | €252,129 | €263,429 | +€11,300 | +4.5% |
| Land and buildings | 22 | €197,634 | €187,330 | -€10,304 | -5.2% |
| Plant, machinery and equipment | 23 | €46,659 | €71,966 | +€25,306 | +54.2% |
| Furniture and vehicles | 24 | €7,238 | €4,015 | -€3,223 | -44.5% |
| Leasing and similar rights | 25 | €598 | €118 | -€480 | -80.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €104,957 | €210,033 | +€105,077 | +100.1% |
| Stocks and contracts in progress | 3 | €7,698 | €12,202 | +€4,504 | +58.5% |
| Stocks | 30/36 | €7,698 | €12,202 | +€4,504 | +58.5% |
| Amounts receivable within one year | 40/41 | €830 | €3,029 | +€2,200 | +265.2% |
| Trade receivables | 40 | €830 | €3,029 | +€2,200 | +265.2% |
| Cash at bank and in hand | 54/58 | €95,929 | €193,472 | +€97,543 | +101.7% |
| Deferred charges and accrued income | 490/1 | €500 | €1,330 | +€830 | +165.9% |
| Total equity and liabilities | 10/49 | €357,621 | €473,862 | +€116,242 | +32.5% |
| Equity | 10/15 | €38,000 | €123,599 | +€85,599 | +225.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €120,599 | +€85,599 | +244.6% |
| Distributable reserves | 133 | €35,000 | €120,599 | +€85,599 | +244.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €319,621 | €350,263 | +€30,643 | +9.6% |
| Amounts payable after more than one year | 17 | €247,174 | €246,387 | -€787 | -0.3% |
| Financial debts | 170/4 | €247,174 | €246,387 | -€787 | -0.3% |
| Amounts payable within one year | 42/48 | €70,662 | €101,502 | +€30,839 | +43.6% |
| Current portion of amounts payable after more than one year | 42 | €21,521 | €25,411 | +€3,891 | +18.1% |
| Trade debts | 44 | €3,321 | €4,594 | +€1,273 | +38.3% |
| Suppliers | 440/4 | €3,321 | €4,594 | +€1,273 | +38.3% |
| Taxes, remuneration and social security | 45 | €20,662 | €45,124 | +€24,462 | +118.4% |
| Taxes | 450/3 | €18,649 | €45,124 | +€26,475 | +142.0% |
| Remuneration and social security | 454/9 | €2,013 | €0 | -€2,013 | -100.0% |
| Other amounts payable | 47/48 | €25,159 | €26,372 | +€1,213 | +4.8% |
| Accrued charges and deferred income | 492/3 | €1,784 | €2,375 | +€591 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,159 | €23,302 | +€6,144 | +35.8% |
| Other operating charges | 640/8 | €2,288 | €2,542 | +€254 | +11.1% |
| Non-recurring operating charges | 66A | - | €1,470 | +€1,470 | |
| Gross operating margin | 9900 | €72,277 | €147,090 | +€74,813 | +103.5% |
| Operating profit (loss) | 9901 | €52,830 | €119,775 | +€66,945 | +126.7% |
| Financial income | 75/76B | €22 | €401 | +€379 | +1722.4% |
| Recurring financial income | 75 | €22 | €401 | +€379 | +1722.4% |
| Financial charges | 65/66B | €8,655 | €12,021 | +€3,366 | +38.9% |
| Recurring financial charges | 65 | €8,655 | €12,021 | +€3,366 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €44,197 | €108,155 | +€63,958 | +144.7% |
| Income taxes | 67/77 | €9,197 | €21,723 | +€12,526 | +136.2% |
| Profit (loss) for the period | 9904 | €35,000 | €86,432 | +€51,432 | +146.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,000 | €86,432 | +€51,432 | +146.9% |
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 4 October 2026 via checked.be.