DAP SOENEN: 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 SOENEN
Largest movements
- Tangible fixed assets -€13,220
down €13,220 (-4.0%), from €330,571 to €317,351
of which Plant, machinery and equipment: -€36,564
- Cash -€11,658
down €11,658 (-49.0%), from €23,801 to €12,143
mainly Investment in fixed assets (net) (-€55,868) and Contributions, distributions and other (-€31,980)
- Receivables within one year +€11,164
up €11,164 (+13.8%), from €81,042 to €92,206
of which Trade receivables: +€10,135
- Reserves +€22,100
up €22,100 (+18.2%), from €121,500 to €143,600
of which Distributable reserves: +€22,100
- Contributions -€18,414
down €18,414 (-99.0%), from €18,600 to €186
- Debts after one year -€13,964
down €13,964 (-8.3%), from €169,251 to €155,286
- Other debts +€5,621
up €5,621 (+7.7%), from €72,762 to €78,382
- Financial income +€8,722
up €8,722 (+456667.0%), from €2 to €8,724
of which Non-recurring financial income: +€8,678
- Gross operating margin +€5,992
up €5,992 (+5.0%), from €119,750 to €125,742
- Depreciation +€5,407
up €5,407 (+8.5%), from €63,680 to €69,088
- Taxes +€2,750
up €2,750 (+24.0%), from €11,447 to €14,197
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 | €461,652 | €448,969 | -€12,683 | -2.7% |
| Fixed assets | 21/28 | €330,571 | €317,351 | -€13,220 | -4.0% |
| Tangible fixed assets | 22/27 | €330,571 | €317,351 | -€13,220 | -4.0% |
| Land and buildings | 22 | €101,194 | €88,705 | -€12,489 | -12.3% |
| Plant, machinery and equipment | 23 | €158,688 | €122,124 | -€36,564 | -23.0% |
| Furniture and vehicles | 24 | €15,389 | €59,122 | +€43,734 | +284.2% |
| Other tangible fixed assets | 26 | €55,300 | €47,400 | -€7,900 | -14.3% |
| Current assets | 29/58 | €131,082 | €131,618 | +€537 | +0.4% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €81,042 | €92,206 | +€11,164 | +13.8% |
| Trade receivables | 40 | €81,042 | €91,177 | +€10,135 | +12.5% |
| Other amounts receivable | 41 | - | €1,029 | +€1,029 | |
| Cash at bank and in hand | 54/58 | €23,801 | €12,143 | -€11,658 | -49.0% |
| Deferred charges and accrued income | 490/1 | €6,238 | €7,269 | +€1,031 | +16.5% |
| Total equity and liabilities | 10/49 | €461,652 | €448,969 | -€12,683 | -2.7% |
| Equity | 10/15 | €140,100 | €144,117 | +€4,017 | +2.9% |
| Contributions | 10/11 | €18,600 | €186 | -€18,414 | -99.0% |
| Reserves | 13 | €121,500 | €143,600 | +€22,100 | +18.2% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €111,500 | €133,600 | +€22,100 | +19.8% |
| Profit (loss) carried forward | 14 | - | €331 | +€331 | |
| Amounts payable | 17/49 | €321,552 | €304,852 | -€16,700 | -5.2% |
| Amounts payable after more than one year | 17 | €169,251 | €155,286 | -€13,964 | -8.3% |
| Financial debts | 170/4 | €169,251 | €155,286 | -€13,964 | -8.3% |
| Amounts payable within one year | 42/48 | €148,355 | €145,417 | -€2,938 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €59,633 | €58,068 | -€1,565 | -2.6% |
| Trade debts | 44 | €7,126 | €4,117 | -€3,009 | -42.2% |
| Suppliers | 440/4 | €7,126 | €4,117 | -€3,009 | -42.2% |
| Taxes, remuneration and social security | 45 | €8,835 | €4,850 | -€3,985 | -45.1% |
| Taxes | 450/3 | €8,835 | €4,850 | -€3,985 | -45.1% |
| Other amounts payable | 47/48 | €72,762 | €78,382 | +€5,621 | +7.7% |
| Accrued charges and deferred income | 492/3 | €3,946 | €4,149 | +€202 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,680 | €69,088 | +€5,407 | +8.5% |
| Other operating charges | 640/8 | €4,378 | €4,087 | -€291 | -6.6% |
| Gross operating margin | 9900 | €119,750 | €125,742 | +€5,992 | +5.0% |
| Operating profit (loss) | 9901 | €51,691 | €52,567 | +€876 | +1.7% |
| Financial income | 75/76B | €2 | €8,724 | +€8,722 | +456667.0% |
| Recurring financial income | 75 | €2 | €47 | +€45 | +2338.2% |
| Non-recurring financial income | 76B | - | €8,678 | +€8,678 | |
| Financial charges | 65/66B | €10,777 | €11,097 | +€320 | +3.0% |
| Recurring financial charges | 65 | €10,777 | €11,097 | +€320 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €40,916 | €50,194 | +€9,278 | +22.7% |
| Income taxes | 67/77 | €11,447 | €14,197 | +€2,750 | +24.0% |
| Profit (loss) for the period | 9904 | €29,469 | €35,997 | +€6,528 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,469 | €35,997 | +€6,528 | +22.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.