DAP VAVER: 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 VAVER
Largest movements
- Cash -€97,070
down €97,070 (-29.4%), from €330,209 to €233,139
mainly Contributions, distributions and other (-€1.6m) and Debts after one year (-€1.1m)
- Receivables within one year +€32,639
up €32,639 (+3.3%), from €996,821 to €1.0m
of which Trade receivables: +€24,154
- Stocks and contracts -€22,241
down €22,241 (-10.5%), from €212,487 to €190,246
- Deferred charges and accrued income -€20,487
down €20,487 (-95.2%), from €21,525 to €1,038
- Debts after one year -€1.1m
no longer reported in 2025 (was €1.1m)
- Other debts +€711,902
up €711,902 (+122.1%), from €583,105 to €1.3m
- Tax, wage and social debts +€288,925
up €288,925 (+1182.0%), from €24,443 to €313,368
of which Taxes: +€274,500
- Gross operating margin +€672,547
up €672,547 (+36.7%), from €1.8m to €2.5m
- Taxes +€137,355
up €137,355 (+35.3%), from €389,302 to €526,657
- Staff costs +€105,494
up €105,494 (+47.5%), from €222,002 to €327,497
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 | €2,040,872 | €1,958,474 | -€82,398 | -4.0% |
| Fixed assets | 21/28 | €439,829 | €454,589 | +€14,760 | +3.4% |
| Tangible fixed assets | 22/27 | €211,990 | €226,750 | +€14,760 | +7.0% |
| Plant, machinery and equipment | 23 | €21,854 | €55,500 | +€33,646 | +154.0% |
| Furniture and vehicles | 24 | €61,457 | €62,109 | +€652 | +1.1% |
| Other tangible fixed assets | 26 | €128,680 | €109,142 | -€19,538 | -15.2% |
| Financial fixed assets | 28 | €227,839 | €227,839 | = | 0.0% |
| Current assets | 29/58 | €1,601,043 | €1,503,884 | -€97,158 | -6.1% |
| Amounts receivable after more than one year | 29 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Trade receivables | 290 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Stocks and contracts in progress | 3 | €212,487 | €190,246 | -€22,241 | -10.5% |
| Stocks | 30/36 | €212,487 | €190,246 | -€22,241 | -10.5% |
| Amounts receivable within one year | 40/41 | €996,821 | €1,029,460 | +€32,639 | +3.3% |
| Trade receivables | 40 | €947,625 | €971,779 | +€24,154 | +2.5% |
| Other amounts receivable | 41 | €49,196 | €57,681 | +€8,485 | +17.2% |
| Cash at bank and in hand | 54/58 | €330,209 | €233,139 | -€97,070 | -29.4% |
| Deferred charges and accrued income | 490/1 | €21,525 | €1,038 | -€20,487 | -95.2% |
| Total equity and liabilities | 10/49 | €2,040,872 | €1,958,474 | -€82,398 | -4.0% |
| Equity | 10/15 | €25,654 | €25,644 | -€10 | 0.0% |
| Contributions | 10/11 | €25,641 | €25,641 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13 | €3 | -€10 | -76.0% |
| Amounts payable | 17/49 | €2,015,218 | €1,932,830 | -€82,388 | -4.1% |
| Amounts payable after more than one year | 17 | €1,080,250 | - | -€1.1m | |
| Other amounts payable | 178/9 | €1,080,250 | - | -€1.1m | |
| Amounts payable within one year | 42/48 | €934,968 | €1,932,830 | +€997,862 | +106.7% |
| Trade debts | 44 | €325,275 | €321,185 | -€4,090 | -1.3% |
| Suppliers | 440/4 | €325,275 | €321,185 | -€4,090 | -1.3% |
| Advances received on contracts in progress | 46 | €2,145 | €3,270 | +€1,125 | +52.4% |
| Taxes, remuneration and social security | 45 | €24,443 | €313,368 | +€288,925 | +1182.0% |
| Taxes | 450/3 | - | €274,500 | +€274,500 | |
| Remuneration and social security | 454/9 | €24,443 | €38,868 | +€14,425 | +59.0% |
| Other amounts payable | 47/48 | €583,105 | €1,295,007 | +€711,902 | +122.1% |
| Remuneration, social security and pensions | 62 | €222,002 | €327,497 | +€105,494 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,291 | €67,634 | +€8,344 | +14.1% |
| Other operating charges | 640/8 | €5,885 | €4,440 | -€1,445 | -24.6% |
| Gross operating margin | 9900 | €1,831,716 | €2,504,264 | +€672,547 | +36.7% |
| Operating profit (loss) | 9901 | €1,544,539 | €2,104,693 | +€560,154 | +36.3% |
| Financial income | 75/76B | €83 | €260 | +€177 | +212.8% |
| Recurring financial income | 75 | €83 | €260 | +€177 | +212.8% |
| Financial charges | 65/66B | €8,610 | €10,806 | +€2,196 | +25.5% |
| Recurring financial charges | 65 | €8,610 | €10,806 | +€2,196 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €1,536,012 | €2,094,147 | +€558,135 | +36.3% |
| Income taxes | 67/77 | €389,302 | €526,657 | +€137,355 | +35.3% |
| Profit (loss) for the period | 9904 | €1,146,710 | €1,567,490 | +€420,780 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,146,710 | €1,567,490 | +€420,780 | +36.7% |
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 12 October 2026 via checked.be.