DAP VANHEULE BERT: 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 VANHEULE BERT
Largest movements
- Tangible fixed assets +€219,614
up €219,614 (+7.1%), from €3.1m to €3.3m
of which Land and buildings: +€231,296
- Cash +€65,730
up €65,730 (+204.7%), from €32,104 to €97,834
mainly Debts after one year (+€804,377) and Depreciation (+€162,557)
- Debts after one year +€804,377
up €804,377 (+50.9%), from €1.6m to €2.4m
- Other debts -€572,130
down €572,130 (-58.4%), from €979,594 to €407,464
- Profit (loss) carried forward +€66,229
up €66,229, from -€66,229 to €0
- Gross operating margin +€89,841
up €89,841 (+33.4%), from €269,256 to €359,097
- Depreciation +€44,781
up €44,781 (+38.0%), from €117,776 to €162,557
- Taxes +€16,411
up €16,411, from €0 to €16,411
- Financial charges +€11,920
up €11,920 (+17.9%), from €66,524 to €78,444
- Other operating charges +€3,797
up €3,797 (+23.5%), from €16,185 to €19,982
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 | €3,187,672 | €3,471,143 | +€283,472 | +8.9% |
| Fixed assets | 21/28 | €3,111,990 | €3,335,188 | +€223,199 | +7.2% |
| Tangible fixed assets | 22/27 | €3,111,990 | €3,331,604 | +€219,614 | +7.1% |
| Land and buildings | 22 | €3,049,946 | €3,281,243 | +€231,296 | +7.6% |
| Plant, machinery and equipment | 23 | €4,189 | €2,249 | -€1,940 | -46.3% |
| Furniture and vehicles | 24 | €57,854 | €48,112 | -€9,742 | -16.8% |
| Financial fixed assets | 28 | - | €3,584 | +€3,584 | |
| Current assets | 29/58 | €75,682 | €135,955 | +€60,273 | +79.6% |
| Amounts receivable within one year | 40/41 | €34,075 | €37,561 | +€3,487 | +10.2% |
| Trade receivables | 40 | €19,728 | €37,200 | +€17,472 | +88.6% |
| Other amounts receivable | 41 | €14,347 | €361 | -€13,985 | -97.5% |
| Cash at bank and in hand | 54/58 | €32,104 | €97,834 | +€65,730 | +204.7% |
| Deferred charges and accrued income | 490/1 | €9,504 | €560 | -€8,944 | -94.1% |
| Total equity and liabilities | 10/49 | €3,187,672 | €3,471,143 | +€283,472 | +8.9% |
| Equity | 10/15 | €401,321 | €483,054 | +€81,732 | +20.4% |
| Contributions | 10/11 | €269,520 | €269,520 | = | 0.0% |
| Reserves | 13 | €198,030 | €213,534 | +€15,503 | +7.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €198,030 | €213,534 | +€15,503 | +7.8% |
| Profit (loss) carried forward | 14 | -€66,229 | €0 | +€66,229 | |
| Amounts payable | 17/49 | €2,786,351 | €2,988,090 | +€201,739 | +7.2% |
| Amounts payable after more than one year | 17 | €1,580,966 | €2,385,344 | +€804,377 | +50.9% |
| Financial debts | 170/4 | €1,580,966 | €2,385,344 | +€804,377 | +50.9% |
| Amounts payable within one year | 42/48 | €1,144,789 | €571,900 | -€572,888 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €142,386 | €159,625 | +€17,239 | +12.1% |
| Trade debts | 44 | €11,145 | €4,618 | -€6,527 | -58.6% |
| Suppliers | 440/4 | €11,145 | €4,618 | -€6,527 | -58.6% |
| Advances received on contracts in progress | 46 | €9,980 | €0 | -€9,980 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,684 | €194 | -€1,490 | -88.5% |
| Taxes | 450/3 | €184 | €194 | +€10 | +5.6% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100.0% |
| Other amounts payable | 47/48 | €979,594 | €407,464 | -€572,130 | -58.4% |
| Accrued charges and deferred income | 492/3 | €60,595 | €30,846 | -€29,750 | -49.1% |
| Non-recurring operating income | 76A | - | €12,670 | +€12,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,776 | €162,557 | +€44,781 | +38.0% |
| Other operating charges | 640/8 | €16,185 | €19,982 | +€3,797 | +23.5% |
| Non-recurring operating charges | 66A | €135,000 | €0 | -€135,000 | -100.0% |
| Gross operating margin | 9900 | €269,256 | €359,097 | +€89,841 | +33.4% |
| Operating profit (loss) | 9901 | €295 | €176,558 | +€176,262 | +59701.4% |
| Financial income | 75/76B | €0 | €30 | +€30 | |
| Recurring financial income | 75 | €0 | €30 | +€30 | |
| Financial charges | 65/66B | €66,524 | €78,444 | +€11,920 | +17.9% |
| Recurring financial charges | 65 | €66,524 | €78,444 | +€11,920 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | -€66,229 | €98,143 | +€164,373 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €0 | €16,411 | +€16,411 | |
| Profit (loss) for the period | 9904 | -€66,229 | €81,732 | +€147,961 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€66,229 | €81,732 | +€147,961 |
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 6 October 2026 via checked.be.