DAP 'T VALVEKEN: 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 'T VALVEKEN
Largest movements
- Tangible fixed assets +€64,831
up €64,831 (+133%), from €48,653 to €113,484
of which Furniture and vehicles: +€66,377
- Cash -€56,595
down €56,595 (-23.6%), from €239,589 to €182,994
mainly Investment in fixed assets (net) (-€84,406) and Contributions, distributions and other (-€59,678)
- Current investments +€50,000
up €50,000 (+25.0%), from €200,000 to €250,000
- Receivables after one year -€19,345
down €19,345 (-100%), from €19,345 to €0
- Receivables within one year +€10,570
up €10,570 (+101%), from €10,443 to €21,013
of which Trade receivables: +€15,103
- Reserves +€31,420
up €31,420 (+6.2%), from €503,095 to €534,515
- Tax, wage and social debts +€16,143
up €16,143 (+244%), from €6,605 to €22,748
of which Taxes: +€16,143
- Gross operating margin +€57,092
up €57,092 (+59.3%), from €96,310 to €153,403
- Taxes +€7,791
up €7,791 (+30.0%), from €25,936 to €33,727
- Financial income -€4,199
down €4,199 (-61.7%), from €6,805 to €2,606
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 | €518,731 | €569,239 | +€50,508 | +9.7% |
| Fixed assets | 21/28 | €48,653 | €113,484 | +€64,831 | +133% |
| Tangible fixed assets | 22/27 | €48,653 | €113,484 | +€64,831 | +133% |
| Land and buildings | 22 | €2,991 | €819 | -€2,172 | -72.6% |
| Plant, machinery and equipment | 23 | €748 | €1,375 | +€626 | +83.7% |
| Furniture and vehicles | 24 | €44,913 | €111,290 | +€66,377 | +148% |
| Current assets | 29/58 | €470,078 | €455,755 | -€14,323 | -3.0% |
| Amounts receivable after more than one year | 29 | €19,345 | €0 | -€19,345 | -100% |
| Other amounts receivable | 291 | €19,345 | €0 | -€19,345 | -100% |
| Amounts receivable within one year | 40/41 | €10,443 | €21,013 | +€10,570 | +101% |
| Trade receivables | 40 | €1,364 | €16,467 | +€15,103 | +1,107% |
| Other amounts receivable | 41 | €9,079 | €4,546 | -€4,533 | -49.9% |
| Current investments | 50/53 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €239,589 | €182,994 | -€56,595 | -23.6% |
| Deferred charges and accrued income | 490/1 | €700 | €1,748 | +€1,047 | +149% |
| Total equity and liabilities | 10/49 | €518,731 | €569,239 | +€50,508 | +9.7% |
| Equity | 10/15 | €509,295 | €540,715 | +€31,420 | +6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €503,095 | €534,515 | +€31,420 | +6.2% |
| Distributable reserves | 133 | €503,095 | €534,515 | +€31,420 | +6.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,436 | €28,524 | +€19,088 | +202% |
| Amounts payable within one year | 42/48 | €9,436 | €28,524 | +€19,088 | +202% |
| Trade debts | 44 | €2,830 | €5,776 | +€2,945 | +104% |
| Suppliers | 440/4 | €2,830 | €5,776 | +€2,945 | +104% |
| Taxes, remuneration and social security | 45 | €6,605 | €22,748 | +€16,143 | +244% |
| Taxes | 450/3 | €6,605 | €22,748 | +€16,143 | +244% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €8,500 | +€8,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,641 | €19,574 | -€67 | -0.3% |
| Other operating charges | 640/8 | €2,753 | €2,569 | -€185 | -6.7% |
| Non-recurring operating charges | 66A | €2,059 | €8,843 | +€6,785 | +330% |
| Gross operating margin | 9900 | €96,310 | €153,403 | +€57,092 | +59.3% |
| Operating profit (loss) | 9901 | €71,858 | €122,416 | +€50,559 | +70.4% |
| Financial income | 75/76B | €6,805 | €2,606 | -€4,199 | -61.7% |
| Recurring financial income | 75 | €6,805 | €2,606 | -€4,199 | -61.7% |
| Financial charges | 65/66B | €197 | €197 | +€1 | +0.3% |
| Recurring financial charges | 65 | €197 | €197 | +€1 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €78,466 | €124,825 | +€46,359 | +59.1% |
| Income taxes | 67/77 | €25,936 | €33,727 | +€7,791 | +30.0% |
| Profit (loss) for the period | 9904 | €52,530 | €91,098 | +€38,568 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,530 | €91,098 | +€38,568 | +73.4% |
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 16 October 2026 via checked.be.