DAP Verbiest: 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 Verbiest
Largest movements
- Current investments -€146,792
down €146,792 (-34.7%), from €423,590 to €276,799
- Cash +€109,314
up €109,314 (+217.7%), from €50,210 to €159,524
mainly Current investments (+€146,792) and Net result for the year (+€114,397)
- Other debts -€41,952
down €41,952 (-26.7%), from €157,159 to €115,207
- Tax, wage and social debts +€7,314
up €7,314 (+437.6%), from €1,671 to €8,986
of which Taxes: +€7,314
- Gross operating margin -€53,611
down €53,611 (-29.0%), from €184,819 to €131,207
- Taxes -€15,052
down €15,052 (-34.8%), from €43,289 to €28,237
- Financial income -€2,906
down €2,906 (-15.6%), from €18,602 to €15,695
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 | €510,710 | €473,969 | -€36,741 | -7.2% |
| Fixed assets | 21/28 | €3,968 | €1,179 | -€2,790 | -70.3% |
| Tangible fixed assets | 22/27 | €3,968 | €1,179 | -€2,790 | -70.3% |
| Plant, machinery and equipment | 23 | €3,968 | €1,179 | -€2,790 | -70.3% |
| Current assets | 29/58 | €506,742 | €472,790 | -€33,952 | -6.7% |
| Stocks and contracts in progress | 3 | €27,824 | €27,058 | -€766 | -2.8% |
| Stocks | 30/36 | €27,824 | €27,058 | -€766 | -2.8% |
| Amounts receivable within one year | 40/41 | €4,151 | €9,096 | +€4,945 | +119.1% |
| Trade receivables | 40 | €858 | €0 | -€858 | -100.0% |
| Other amounts receivable | 41 | €3,293 | €9,096 | +€5,803 | +176.2% |
| Current investments | 50/53 | €423,590 | €276,799 | -€146,792 | -34.7% |
| Cash at bank and in hand | 54/58 | €50,210 | €159,524 | +€109,314 | +217.7% |
| Deferred charges and accrued income | 490/1 | €966 | €313 | -€653 | -67.6% |
| Total equity and liabilities | 10/49 | €510,710 | €473,969 | -€36,741 | -7.2% |
| Equity | 10/15 | €347,781 | €347,781 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €329,181 | €329,181 | = | 0.0% |
| Distributable reserves | 133 | €329,181 | €329,181 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €162,929 | €126,188 | -€36,741 | -22.6% |
| Amounts payable within one year | 42/48 | €162,929 | €126,188 | -€36,741 | -22.6% |
| Trade debts | 44 | €4,099 | €1,995 | -€2,104 | -51.3% |
| Suppliers | 440/4 | €4,099 | €1,995 | -€2,104 | -51.3% |
| Taxes, remuneration and social security | 45 | €1,671 | €8,986 | +€7,314 | +437.6% |
| Taxes | 450/3 | €1,671 | €8,986 | +€7,314 | +437.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €157,159 | €115,207 | -€41,952 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,728 | €2,790 | +€62 | +2.3% |
| Other operating charges | 640/8 | €538 | €505 | -€33 | -6.2% |
| Gross operating margin | 9900 | €184,819 | €131,207 | -€53,611 | -29.0% |
| Operating profit (loss) | 9901 | €181,552 | €127,913 | -€53,639 | -29.5% |
| Financial income | 75/76B | €18,602 | €15,695 | -€2,906 | -15.6% |
| Recurring financial income | 75 | €18,602 | €15,695 | -€2,906 | -15.6% |
| Financial charges | 65/66B | €113 | €974 | +€861 | +762.9% |
| Recurring financial charges | 65 | €113 | €974 | +€861 | +762.9% |
| Profit (loss) for the period before taxes | 9903 | €200,041 | €142,634 | -€57,407 | -28.7% |
| Income taxes | 67/77 | €43,289 | €28,237 | -€15,052 | -34.8% |
| Profit (loss) for the period | 9904 | €156,752 | €114,397 | -€42,354 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €156,752 | €114,397 | -€42,354 | -27.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.