DAP Ter Heide: 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 Ter Heide
Largest movements
- Cash +€102,285
up €102,285 (+198%), from €51,652 to €153,937
mainly Net result for the year (+€186,060) and Tax, wage and social debts (+€33,463)
- Receivables within one year +€90,049
up €90,049 (+101%), from €89,416 to €179,465
of which Trade receivables: +€92,080
- Stocks and contracts +€16,451
up €16,451 (+45.2%), from €36,422 to €52,874
- Tangible fixed assets -€12,705
down €12,705 (-36.7%), from €34,572 to €21,867
of which Plant, machinery and equipment: -€13,853
- Intangible fixed assets -€5,883
down €5,883 (-14.1%), from €41,661 to €35,778
- Reserves +€186,060
up €186,060 (+198%), from €93,903 to €279,963
- Tax, wage and social debts +€33,463
up €33,463 (+137%), from €24,421 to €57,884
- Trade debts -€21,826
down €21,826 (-29.4%), from €74,270 to €52,444
- Debts after one year -€9,920
down €9,920 (-29.8%), from €33,310 to €23,390
- Gross operating margin +€126,737
up €126,737 (+90.6%), from €139,854 to €266,590
- Taxes +€31,017
up €31,017 (+127%), from €24,421 to €55,439
- Depreciation +€3,569
up €3,569 (+19.7%), from €18,095 to €21,664
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 | €257,544 | €446,820 | +€189,276 | +73.5% |
| Fixed assets | 21/28 | €78,944 | €59,506 | -€19,439 | -24.6% |
| Intangible fixed assets | 21 | €41,661 | €35,778 | -€5,883 | -14.1% |
| Tangible fixed assets | 22/27 | €34,572 | €21,867 | -€12,705 | -36.7% |
| Plant, machinery and equipment | 23 | €33,995 | €20,143 | -€13,853 | -40.7% |
| Furniture and vehicles | 24 | €577 | €1,725 | +€1,148 | +199% |
| Financial fixed assets | 28 | €2,711 | €1,860 | -€851 | -31.4% |
| Current assets | 29/58 | €178,600 | €387,315 | +€208,715 | +117% |
| Stocks and contracts in progress | 3 | €36,422 | €52,874 | +€16,451 | +45.2% |
| Stocks | 30/36 | €36,422 | €52,874 | +€16,451 | +45.2% |
| Amounts receivable within one year | 40/41 | €89,416 | €179,465 | +€90,049 | +101% |
| Trade receivables | 40 | €87,384 | €179,465 | +€92,080 | +105% |
| Other amounts receivable | 41 | €2,032 | €0 | -€2,032 | -100% |
| Cash at bank and in hand | 54/58 | €51,652 | €153,937 | +€102,285 | +198% |
| Deferred charges and accrued income | 490/1 | €1,110 | €1,040 | -€70 | -6.3% |
| Total equity and liabilities | 10/49 | €257,544 | €446,820 | +€189,276 | +73.5% |
| Equity | 10/15 | €103,903 | €289,963 | +€186,060 | +179% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €93,903 | €279,963 | +€186,060 | +198% |
| Distributable reserves | 133 | €93,903 | €279,963 | +€186,060 | +198% |
| Amounts payable | 17/49 | €153,641 | €156,857 | +€3,216 | +2.1% |
| Amounts payable after more than one year | 17 | €33,310 | €23,390 | -€9,920 | -29.8% |
| Financial debts | 170/4 | €33,310 | €23,390 | -€9,920 | -29.8% |
| Amounts payable within one year | 42/48 | €120,331 | €132,248 | +€11,917 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €9,639 | €9,920 | +€281 | +2.9% |
| Trade debts | 44 | €74,270 | €52,444 | -€21,826 | -29.4% |
| Suppliers | 440/4 | €74,270 | €52,444 | -€21,826 | -29.4% |
| Taxes, remuneration and social security | 45 | €24,421 | €57,884 | +€33,463 | +137% |
| Taxes | 450/3 | €24,421 | €57,884 | +€33,463 | +137% |
| Other amounts payable | 47/48 | €12,000 | €12,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,219 | +€1,219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,095 | €21,664 | +€3,569 | +19.7% |
| Other operating charges | 640/8 | €623 | €605 | -€18 | -2.9% |
| Gross operating margin | 9900 | €139,854 | €266,590 | +€126,737 | +90.6% |
| Operating profit (loss) | 9901 | €121,135 | €244,321 | +€123,186 | +102% |
| Financial income | 75/76B | €1 | €14 | +€12 | +1,041% |
| Recurring financial income | 75 | €1 | €14 | +€12 | +1,041% |
| Financial charges | 65/66B | €2,813 | €2,836 | +€24 | +0.8% |
| Recurring financial charges | 65 | €2,813 | €2,836 | +€24 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €118,324 | €241,499 | +€123,175 | +104% |
| Income taxes | 67/77 | €24,421 | €55,439 | +€31,017 | +127% |
| Profit (loss) for the period | 9904 | €93,903 | €186,060 | +€92,158 | +98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,903 | €186,060 | +€92,158 | +98.1% |
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 24 October 2026 via checked.be.