DAP Polfliet: 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 Polfliet
Largest movements
- Cash -€46,172
down €46,172 (-59.3%), from €77,849 to €31,677
mainly Contributions, distributions and other (-€50,000) and Debts after one year (-€26,517)
- Tangible fixed assets -€22,643
down €22,643 (-26.7%), from €84,716 to €62,072
of which Plant, machinery and equipment: -€13,432
- Receivables within one year +€7,125
up €7,125 (+216%), from €3,306 to €10,431
of which Trade receivables: +€6,679
- Reserves -€45,828
down €45,828 (-59.2%), from €77,398 to €31,571
- Debts after one year -€26,517
down €26,517 (-43.0%), from €61,641 to €35,125
- Short-term financial debts +€4,997
new in 2025: €4,997
- Tax, wage and social debts +€2,482
up €2,482 (+306%), from €811 to €3,293
- Trade debts +€2,300
up €2,300 (+179%), from €1,287 to €3,587
- Gross operating margin +€6,100
up €6,100 (+22.3%), from €27,378 to €33,478
- Taxes +€1,157
up €1,157, from -€102 to €1,055
- Financial charges -€713
down €713 (-21.4%), from €3,328 to €2,615
- Depreciation +€391
up €391 (+1.6%), from €24,491 to €24,882
- Other operating charges -€364
down €364 (-31.9%), from €1,144 to €779
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 | €167,064 | €105,509 | -€61,555 | -36.8% |
| Fixed assets | 21/28 | €84,716 | €62,072 | -€22,643 | -26.7% |
| Tangible fixed assets | 22/27 | €84,716 | €62,072 | -€22,643 | -26.7% |
| Plant, machinery and equipment | 23 | €43,581 | €30,149 | -€13,432 | -30.8% |
| Furniture and vehicles | 24 | €40,132 | €29,945 | -€10,188 | -25.4% |
| Other tangible fixed assets | 26 | €1,002 | €1,978 | +€976 | +97.4% |
| Current assets | 29/58 | €82,348 | €43,437 | -€38,911 | -47.3% |
| Amounts receivable within one year | 40/41 | €3,306 | €10,431 | +€7,125 | +216% |
| Trade receivables | 40 | €1,806 | €8,486 | +€6,679 | +370% |
| Other amounts receivable | 41 | €1,500 | €1,945 | +€445 | +29.7% |
| Cash at bank and in hand | 54/58 | €77,849 | €31,677 | -€46,172 | -59.3% |
| Deferred charges and accrued income | 490/1 | €1,193 | €1,329 | +€135 | +11.3% |
| Total equity and liabilities | 10/49 | €167,064 | €105,509 | -€61,555 | -36.8% |
| Equity | 10/15 | €84,898 | €39,071 | -€45,828 | -54.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €77,398 | €31,571 | -€45,828 | -59.2% |
| Distributable reserves | 133 | €77,398 | €31,571 | -€45,828 | -59.2% |
| Amounts payable | 17/49 | €82,166 | €66,439 | -€15,727 | -19.1% |
| Amounts payable after more than one year | 17 | €61,641 | €35,125 | -€26,517 | -43.0% |
| Financial debts | 170/4 | €61,641 | €35,125 | -€26,517 | -43.0% |
| Amounts payable within one year | 42/48 | €19,604 | €29,679 | +€10,074 | +51.4% |
| Current portion of amounts payable after more than one year | 42 | €16,011 | €16,651 | +€640 | +4.0% |
| Financial debts | 43 | - | €4,997 | +€4,997 | |
| Other loans | 439 | - | €4,997 | +€4,997 | |
| Trade debts | 44 | €1,287 | €3,587 | +€2,300 | +179% |
| Suppliers | 440/4 | €1,287 | €3,587 | +€2,300 | +179% |
| Taxes, remuneration and social security | 45 | €811 | €3,293 | +€2,482 | +306% |
| Taxes | 450/3 | €811 | €3,293 | +€2,482 | +306% |
| Other amounts payable | 47/48 | €1,495 | €1,151 | -€345 | -23.0% |
| Accrued charges and deferred income | 492/3 | €920 | €1,635 | +€716 | +77.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,491 | €24,882 | +€391 | +1.6% |
| Other operating charges | 640/8 | €1,144 | €779 | -€364 | -31.9% |
| Gross operating margin | 9900 | €27,378 | €33,478 | +€6,100 | +22.3% |
| Operating profit (loss) | 9901 | €1,743 | €7,817 | +€6,074 | +348% |
| Financial income | 75/76B | €23 | €25 | +€2 | +9.5% |
| Recurring financial income | 75 | €23 | €25 | +€2 | +9.5% |
| Financial charges | 65/66B | €3,328 | €2,615 | -€713 | -21.4% |
| Recurring financial charges | 65 | €3,328 | €2,615 | -€713 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,562 | €5,227 | +€6,789 | |
| Income taxes | 67/77 | -€102 | €1,055 | +€1,157 | |
| Profit (loss) for the period | 9904 | -€1,459 | €4,172 | +€5,632 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,459 | €4,172 | +€5,632 |
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 14 October 2026 via checked.be.