DAP URSUS: 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 URSUS
Largest movements
- Cash +€51,793
up €51,793 (+46.4%), from €111,507 to €163,300
mainly Net result for the year (+€87,688) and Stocks and contracts (+€13,932)
- Current investments +€50,000
up €50,000 (+25.0%), from €200,000 to €250,000
- Stocks and contracts -€13,932
down €13,932 (-26.2%), from €53,214 to €39,282
- Tangible fixed assets -€11,381
down €11,381 (-27.4%), from €41,499 to €30,118
- Receivables within one year +€8,211
up €8,211 (+55.0%), from €14,918 to €23,129
of which Trade receivables: +€10,295
- Reserves +€87,688
up €87,688 (+23.1%), from €378,860 to €466,548
- Tax, wage and social debts -€6,741
down €6,741 (-28.2%), from €23,876 to €17,135
of which Remuneration and social security: -€3,965
- Trade debts +€6,016
up €6,016 (+73.4%), from €8,200 to €14,216
- Turnover +€668,255
new in 2025: €668,255
- Purchases and services +€529,242
new in 2025: €529,242
- Staff costs -€58,240
down €58,240 (-86.1%), from €67,613 to €9,373
- Gross operating margin -€51,923
down €51,923 (-27.0%), from €192,204 to €140,282
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 | €451,649 | €536,260 | +€84,612 | +18.7% |
| Fixed assets | 21/28 | €71,499 | €60,118 | -€11,381 | -15.9% |
| Tangible fixed assets | 22/27 | €41,499 | €30,118 | -€11,381 | -27.4% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €24,329 | €18,738 | -€5,592 | -23.0% |
| Furniture and vehicles | 24 | €5,252 | €2,374 | -€2,878 | -54.8% |
| Other tangible fixed assets | 26 | €11,917 | €9,006 | -€2,911 | -24.4% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €380,150 | €476,143 | +€95,993 | +25.3% |
| Stocks and contracts in progress | 3 | €53,214 | €39,282 | -€13,932 | -26.2% |
| Stocks | 30/36 | €53,214 | €39,282 | -€13,932 | -26.2% |
| Amounts receivable within one year | 40/41 | €14,918 | €23,129 | +€8,211 | +55.0% |
| Trade receivables | 40 | €7,794 | €18,089 | +€10,295 | +132% |
| Other amounts receivable | 41 | €7,124 | €5,040 | -€2,084 | -29.3% |
| Current investments | 50/53 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €111,507 | €163,300 | +€51,793 | +46.4% |
| Deferred charges and accrued income | 490/1 | €511 | €432 | -€78 | -15.4% |
| Total equity and liabilities | 10/49 | €451,649 | €536,260 | +€84,612 | +18.7% |
| Equity | 10/15 | €406,219 | €493,907 | +€87,688 | +21.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €378,860 | €466,548 | +€87,688 | +23.1% |
| Distributable reserves | 133 | €378,860 | €466,548 | +€87,688 | +23.1% |
| Profit (loss) carried forward | 14 | €14,959 | €14,959 | = | 0.0% |
| Amounts payable | 17/49 | €45,430 | €42,353 | -€3,076 | -6.8% |
| Amounts payable within one year | 42/48 | €45,430 | €41,603 | -€3,826 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €2,339 | - | -€2,339 | |
| Financial debts | 43 | €10,152 | €10,132 | -€19 | -0.2% |
| Credit institutions | 430/8 | €10,152 | €10,132 | -€19 | -0.2% |
| Trade debts | 44 | €8,200 | €14,216 | +€6,016 | +73.4% |
| Suppliers | 440/4 | €8,200 | €14,216 | +€6,016 | +73.4% |
| Taxes, remuneration and social security | 45 | €23,876 | €17,135 | -€6,741 | -28.2% |
| Taxes | 450/3 | €17,243 | €14,466 | -€2,777 | -16.1% |
| Remuneration and social security | 454/9 | €6,633 | €2,669 | -€3,965 | -59.8% |
| Other amounts payable | 47/48 | €862 | €120 | -€742 | -86.1% |
| Accrued charges and deferred income | 492/3 | - | €750 | +€750 | |
| Turnover | 70 | - | €668,255 | +€668,255 | |
| Non-recurring operating income | 76A | - | €1,269 | +€1,269 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €529,242 | +€529,242 | |
| Remuneration, social security and pensions | 62 | €67,613 | €9,373 | -€58,240 | -86.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,715 | €11,381 | -€334 | -2.9% |
| Other operating charges | 640/8 | €978 | €2,050 | +€1,072 | +110% |
| Gross operating margin | 9900 | €192,204 | €140,282 | -€51,923 | -27.0% |
| Operating profit (loss) | 9901 | €111,899 | €117,478 | +€5,579 | +5.0% |
| Financial income | 75/76B | €1,607 | €8,033 | +€6,426 | +400% |
| Recurring financial income | 75 | €1,607 | €8,033 | +€6,426 | +400% |
| Financial charges | 65/66B | €5,474 | €1,938 | -€3,536 | -64.6% |
| Recurring financial charges | 65 | €5,474 | €1,938 | -€3,536 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €108,031 | €123,573 | +€15,542 | +14.4% |
| Income taxes | 67/77 | €30,567 | €35,885 | +€5,319 | +17.4% |
| Profit (loss) for the period | 9904 | €77,465 | €87,688 | +€10,224 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €77,465 | €87,688 | +€10,224 | +13.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.