DAP PAPERODE: 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 PAPERODE
Largest movements
- Cash +€83,551
up €83,551 (+248.8%), from €33,579 to €117,129
mainly Net result for the year (+€97,992) and Depreciation (+€31,778)
- Current investments +€60,000
new in 2025: €60,000
- Tangible fixed assets -€31,778
down €31,778 (-17.0%), from €186,670 to €154,893
of which Land and buildings: -€17,814
- Reserves +€97,992
up €97,992 (+83.5%), from €117,367 to €215,359
- Tax, wage and social debts +€29,735
up €29,735 (+82.9%), from €35,883 to €65,617
- Debts after one year -€15,000
down €15,000 (-27.3%), from €55,000 to €40,000
- Gross operating margin -€24,875
down €24,875 (-13.5%), from €184,751 to €159,876
- Taxes -€6,345
down €6,345 (-19.6%), from €32,352 to €26,007
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 | €233,303 | €347,204 | +€113,901 | +48.8% |
| Fixed assets | 21/28 | €187,170 | €155,393 | -€31,778 | -17.0% |
| Tangible fixed assets | 22/27 | €186,670 | €154,893 | -€31,778 | -17.0% |
| Land and buildings | 22 | €149,578 | €131,765 | -€17,814 | -11.9% |
| Plant, machinery and equipment | 23 | €10,072 | €4,349 | -€5,723 | -56.8% |
| Furniture and vehicles | 24 | €27,020 | €18,779 | -€8,241 | -30.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €46,133 | €191,811 | +€145,679 | +315.8% |
| Stocks and contracts in progress | 3 | €5,941 | €8,564 | +€2,623 | +44.2% |
| Stocks | 30/36 | €5,941 | €8,564 | +€2,623 | +44.2% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €33,579 | €117,129 | +€83,551 | +248.8% |
| Deferred charges and accrued income | 490/1 | €6,613 | €6,119 | -€495 | -7.5% |
| Total equity and liabilities | 10/49 | €233,303 | €347,204 | +€113,901 | +48.8% |
| Equity | 10/15 | €122,367 | €220,359 | +€97,992 | +80.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €117,367 | €215,359 | +€97,992 | +83.5% |
| Distributable reserves | 133 | €117,367 | €215,359 | +€97,992 | +83.5% |
| Amounts payable | 17/49 | €110,936 | €126,845 | +€15,909 | +14.3% |
| Amounts payable after more than one year | 17 | €55,000 | €40,000 | -€15,000 | -27.3% |
| Financial debts | 170/4 | €55,000 | €40,000 | -€15,000 | -27.3% |
| Amounts payable within one year | 42/48 | €54,207 | €86,708 | +€32,501 | +60.0% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €2,331 | €3,883 | +€1,552 | +66.6% |
| Suppliers | 440/4 | €2,331 | €3,883 | +€1,552 | +66.6% |
| Taxes, remuneration and social security | 45 | €35,883 | €65,617 | +€29,735 | +82.9% |
| Taxes | 450/3 | €35,883 | €65,617 | +€29,735 | +82.9% |
| Other amounts payable | 47/48 | €993 | €2,208 | +€1,214 | +122.2% |
| Accrued charges and deferred income | 492/3 | €1,729 | €137 | -€1,592 | -92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,726 | €31,778 | +€1,052 | +3.4% |
| Other operating charges | 640/8 | €1,770 | €2,143 | +€373 | +21.0% |
| Gross operating margin | 9900 | €184,751 | €159,876 | -€24,875 | -13.5% |
| Operating profit (loss) | 9901 | €152,255 | €125,956 | -€26,300 | -17.3% |
| Financial income | 75/76B | €30 | €219 | +€188 | +623.5% |
| Recurring financial income | 75 | €30 | €219 | +€188 | +623.5% |
| Financial charges | 65/66B | €2,567 | €2,175 | -€392 | -15.3% |
| Recurring financial charges | 65 | €2,567 | €2,175 | -€392 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €149,719 | €124,000 | -€25,719 | -17.2% |
| Income taxes | 67/77 | €32,352 | €26,007 | -€6,345 | -19.6% |
| Profit (loss) for the period | 9904 | €117,367 | €97,992 | -€19,375 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €117,367 | €97,992 | -€19,375 | -16.5% |
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 3 October 2026 via checked.be.