DAP MUYSERT: 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 MUYSERT
Largest movements
- Tangible fixed assets +€44,395
up €44,395 (+173%), from €25,717 to €70,112
of which Furniture and vehicles: +€41,703
- Cash +€32,508
up €32,508 (+177%), from €18,352 to €50,860
mainly Debts after one year (+€36,063) and Net result for the year (+€30,611)
- Receivables within one year -€6,194
down €6,194 (-56.3%), from €11,009 to €4,815
- Deferred charges and accrued income +€2,086
new in 2025: €2,086
- Debts after one year +€36,063
new in 2025: €36,063
- Reserves +€30,000
up €30,000 (+71.4%), from €42,000 to €72,000
- Current portion of long-term debt +€8,490
new in 2025: €8,490
- Tax, wage and social debts -€4,127
down €4,127 (-40.2%), from €10,256 to €6,129
of which Taxes: -€5,332
- Gross operating margin -€10,517
down €10,517 (-18.4%), from €57,224 to €46,706
- Depreciation +€2,562
up €2,562 (+69.2%), from €3,701 to €6,263
- Taxes -€2,365
down €2,365 (-21.7%), from €10,894 to €8,530
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 | €55,078 | €127,873 | +€72,795 | +132% |
| Fixed assets | 21/28 | €25,717 | €70,112 | +€44,395 | +173% |
| Tangible fixed assets | 22/27 | €25,717 | €70,112 | +€44,395 | +173% |
| Plant, machinery and equipment | 23 | €1,190 | €5,383 | +€4,192 | +352% |
| Furniture and vehicles | 24 | €10,098 | €51,801 | +€41,703 | +413% |
| Other tangible fixed assets | 26 | €14,429 | €12,929 | -€1,500 | -10.4% |
| Current assets | 29/58 | €29,361 | €57,761 | +€28,400 | +96.7% |
| Amounts receivable within one year | 40/41 | €11,009 | €4,815 | -€6,194 | -56.3% |
| Other amounts receivable | 41 | €11,009 | €4,815 | -€6,194 | -56.3% |
| Cash at bank and in hand | 54/58 | €18,352 | €50,860 | +€32,508 | +177% |
| Deferred charges and accrued income | 490/1 | - | €2,086 | +€2,086 | |
| Total equity and liabilities | 10/49 | €55,078 | €127,873 | +€72,795 | +132% |
| Equity | 10/15 | €44,762 | €75,373 | +€30,611 | +68.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €42,000 | €72,000 | +€30,000 | +71.4% |
| Distributable reserves | 133 | €42,000 | €72,000 | +€30,000 | +71.4% |
| Profit (loss) carried forward | 14 | €262 | €873 | +€611 | +233% |
| Amounts payable | 17/49 | €10,316 | €52,500 | +€42,184 | +409% |
| Amounts payable after more than one year | 17 | - | €36,063 | +€36,063 | |
| Financial debts | 170/4 | - | €36,063 | +€36,063 | |
| Amounts payable within one year | 42/48 | €10,316 | €16,437 | +€6,121 | +59.3% |
| Current portion of amounts payable after more than one year | 42 | - | €8,490 | +€8,490 | |
| Trade debts | 44 | €60 | €900 | +€839 | +1,394% |
| Suppliers | 440/4 | €60 | €900 | +€839 | +1,394% |
| Taxes, remuneration and social security | 45 | €10,256 | €6,129 | -€4,127 | -40.2% |
| Taxes | 450/3 | €10,256 | €4,924 | -€5,332 | -52.0% |
| Remuneration and social security | 454/9 | - | €1,205 | +€1,205 | |
| Other amounts payable | 47/48 | - | €919 | +€919 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,701 | €6,263 | +€2,562 | +69.2% |
| Other operating charges | 640/8 | €597 | €739 | +€142 | +23.8% |
| Gross operating margin | 9900 | €57,224 | €46,706 | -€10,517 | -18.4% |
| Operating profit (loss) | 9901 | €52,926 | €39,705 | -€13,221 | -25.0% |
| Financial income | 75/76B | €334 | - | -€334 | |
| Recurring financial income | 75 | €334 | - | -€334 | |
| Financial charges | 65/66B | €103 | €564 | +€460 | +446% |
| Recurring financial charges | 65 | €103 | €564 | +€460 | +446% |
| Profit (loss) for the period before taxes | 9903 | €53,156 | €39,141 | -€14,015 | -26.4% |
| Income taxes | 67/77 | €10,894 | €8,530 | -€2,365 | -21.7% |
| Profit (loss) for the period | 9904 | €42,262 | €30,611 | -€11,651 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,262 | €30,611 | -€11,651 | -27.6% |
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 1 November 2026 via checked.be.