Dap Torvet: 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 Torvet
Largest movements
- Receivables within one year +€12,447
up €12,447 (+23.9%), from €52,035 to €64,482
of which Other amounts receivable: +€11,123
- Cash +€10,025
up €10,025 (+23.6%), from €42,421 to €52,446
mainly Trade debts (+€66,989) and Depreciation (+€10,181)
- Stocks and contracts +€6,721
up €6,721 (+24.5%), from €27,386 to €34,107
- Tangible fixed assets -€5,221
down €5,221 (-14.8%), from €35,351 to €30,130
of which Land and buildings: -€3,358
- Trade debts +€66,989
up €66,989 (+393%), from €17,044 to €84,032
- Accrued charges and deferred income -€37,452
down €37,452 (-65.8%), from €56,952 to €19,500
- Debts after one year -€4,613
down €4,613 (-51.1%), from €9,024 to €4,411
- Gross operating margin -€6,077
down €6,077 (-43.3%), from €14,019 to €7,942
- Financial income +€2,121
up €2,121 (+199%), from €1,064 to €3,185
- Financial charges -€1,761
down €1,761 (-91.4%), from €1,927 to €166
- Depreciation -€1,547
down €1,547 (-13.2%), from €11,728 to €10,181
- Write-downs -€428
down €428 (-100%), from €428 to €0
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 | €159,052 | €184,309 | +€25,258 | +15.9% |
| Fixed assets | 21/28 | €35,351 | €30,130 | -€5,221 | -14.8% |
| Tangible fixed assets | 22/27 | €35,351 | €30,130 | -€5,221 | -14.8% |
| Land and buildings | 22 | €10,621 | €7,262 | -€3,358 | -31.6% |
| Plant, machinery and equipment | 23 | €24,731 | €22,868 | -€1,863 | -7.5% |
| Current assets | 29/58 | €123,700 | €154,179 | +€30,479 | +24.6% |
| Stocks and contracts in progress | 3 | €27,386 | €34,107 | +€6,721 | +24.5% |
| Stocks | 30/36 | €27,386 | €34,107 | +€6,721 | +24.5% |
| Amounts receivable within one year | 40/41 | €52,035 | €64,482 | +€12,447 | +23.9% |
| Trade receivables | 40 | €49,748 | €51,072 | +€1,324 | +2.7% |
| Other amounts receivable | 41 | €2,287 | €13,410 | +€11,123 | +486% |
| Cash at bank and in hand | 54/58 | €42,421 | €52,446 | +€10,025 | +23.6% |
| Deferred charges and accrued income | 490/1 | €1,858 | €3,144 | +€1,286 | +69.2% |
| Total equity and liabilities | 10/49 | €159,052 | €184,309 | +€25,258 | +15.9% |
| Equity | 10/15 | €71,619 | €71,695 | +€76 | +0.1% |
| Contributions | 10/11 | €41,250 | €41,250 | = | 0.0% |
| Reserves | 13 | €30,369 | €30,445 | +€76 | +0.3% |
| Non-distributable reserves | 130/1 | €4,125 | €4,125 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,125 | €4,125 | = | 0.0% |
| Distributable reserves | 133 | €26,244 | €26,320 | +€76 | +0.3% |
| Amounts payable | 17/49 | €87,433 | €112,614 | +€25,182 | +28.8% |
| Amounts payable after more than one year | 17 | €9,024 | €4,411 | -€4,613 | -51.1% |
| Financial debts | 170/4 | €9,024 | €4,411 | -€4,613 | -51.1% |
| Amounts payable within one year | 42/48 | €21,457 | €88,703 | +€67,246 | +313% |
| Current portion of amounts payable after more than one year | 42 | €4,413 | €4,613 | +€199 | +4.5% |
| Trade debts | 44 | €17,044 | €84,032 | +€66,989 | +393% |
| Suppliers | 440/4 | €17,044 | €84,032 | +€66,989 | +393% |
| Taxes, remuneration and social security | 45 | - | €58 | +€58 | |
| Taxes | 450/3 | - | €58 | +€58 | |
| Accrued charges and deferred income | 492/3 | €56,952 | €19,500 | -€37,452 | -65.8% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €0 | €123 | +€123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,728 | €10,181 | -€1,547 | -13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €428 | €0 | -€428 | -100% |
| Other operating charges | 640/8 | €689 | €582 | -€107 | -15.6% |
| Gross operating margin | 9900 | €14,019 | €7,942 | -€6,077 | -43.3% |
| Operating profit (loss) | 9901 | €1,174 | -€2,943 | -€4,117 | |
| Financial income | 75/76B | €1,064 | €3,185 | +€2,121 | +199% |
| Recurring financial income | 75 | €1,064 | €3,185 | +€2,121 | +199% |
| Financial charges | 65/66B | €1,927 | €166 | -€1,761 | -91.4% |
| Recurring financial charges | 65 | €1,927 | €166 | -€1,761 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | €311 | €76 | -€235 | -75.5% |
| Income taxes | 67/77 | €33 | €0 | -€33 | -100% |
| Profit (loss) for the period | 9904 | €278 | €76 | -€202 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €278 | €76 | -€202 | -72.6% |
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 13 October 2026 via checked.be.