DAPA: 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.
DAPA
Largest movements
- Receivables within one year +€70,749
up €70,749 (+119.5%), from €59,186 to €129,935
of which Trade receivables: +€69,332
- Tangible fixed assets +€58,901
up €58,901 (+95.3%), from €61,800 to €120,701
of which Furniture and vehicles: +€80,303
- Deferred charges and accrued income +€6,044
up €6,044 (+29.6%), from €20,386 to €26,430
- Trade debts +€59,710
up €59,710 (+235.5%), from €25,353 to €85,063
- Debts after one year +€42,748
up €42,748 (+110.3%), from €38,750 to €81,498
of which Financial debts: +€44,498
- Tax, wage and social debts +€25,620
up €25,620 (+129.4%), from €19,806 to €45,426
of which Remuneration and social security: +€22,481
- Reserves +€6,307
up €6,307 (+4.8%), from €132,119 to €138,426
of which Distributable reserves: +€10,969
- Staff costs +€110,225
up €110,225 (+59.6%), from €184,982 to €295,207
- Gross operating margin +€73,175
up €73,175 (+24.1%), from €303,059 to €376,234
- Depreciation -€26,340
down €26,340 (-33.7%), from €78,139 to €51,799
- Other operating charges +€5,134
up €5,134 (+52.9%), from €9,704 to €14,838
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 | €255,474 | €390,115 | +€134,641 | +52.7% |
| Fixed assets | 21/28 | €67,800 | €126,701 | +€58,901 | +86.9% |
| Tangible fixed assets | 22/27 | €61,800 | €120,701 | +€58,901 | +95.3% |
| Land and buildings | 22 | €19,824 | €9,383 | -€10,441 | -52.7% |
| Plant, machinery and equipment | 23 | €687 | €372 | -€315 | -45.9% |
| Furniture and vehicles | 24 | €30,643 | €110,946 | +€80,303 | +262.1% |
| Leasing and similar rights | 25 | €10,646 | - | -€10,646 | |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €187,674 | €263,414 | +€75,740 | +40.4% |
| Amounts receivable within one year | 40/41 | €59,186 | €129,935 | +€70,749 | +119.5% |
| Trade receivables | 40 | €59,087 | €128,419 | +€69,332 | +117.3% |
| Other amounts receivable | 41 | €99 | €1,516 | +€1,417 | +1431.3% |
| Cash at bank and in hand | 54/58 | €108,102 | €107,049 | -€1,053 | -1.0% |
| Deferred charges and accrued income | 490/1 | €20,386 | €26,430 | +€6,044 | +29.6% |
| Total equity and liabilities | 10/49 | €255,474 | €390,115 | +€134,641 | +52.7% |
| Equity | 10/15 | €150,719 | €157,026 | +€6,307 | +4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,119 | €138,426 | +€6,307 | +4.8% |
| Tax-exempt reserves | 132 | €8,563 | €3,901 | -€4,662 | -54.4% |
| Distributable reserves | 133 | €123,556 | €134,525 | +€10,969 | +8.9% |
| Provisions and deferred taxes | 16 | €2,146 | €981 | -€1,165 | -54.3% |
| Deferred taxes | 168 | €2,146 | €981 | -€1,165 | -54.3% |
| Amounts payable | 17/49 | €102,609 | €232,108 | +€129,499 | +126.2% |
| Amounts payable after more than one year | 17 | €38,750 | €81,498 | +€42,748 | +110.3% |
| Financial debts | 170/4 | - | €44,498 | +€44,498 | |
| Other amounts payable | 178/9 | €38,750 | €37,000 | -€1,750 | -4.5% |
| Amounts payable within one year | 42/48 | €62,309 | €149,130 | +€86,821 | +139.3% |
| Current portion of amounts payable after more than one year | 42 | €16,357 | €14,331 | -€2,026 | -12.4% |
| Trade debts | 44 | €25,353 | €85,063 | +€59,710 | +235.5% |
| Suppliers | 440/4 | €25,353 | €85,063 | +€59,710 | +235.5% |
| Taxes, remuneration and social security | 45 | €19,806 | €45,426 | +€25,620 | +129.4% |
| Taxes | 450/3 | €3,303 | €6,442 | +€3,139 | +95.0% |
| Remuneration and social security | 454/9 | €16,503 | €38,984 | +€22,481 | +136.2% |
| Other amounts payable | 47/48 | €793 | €4,310 | +€3,517 | +443.5% |
| Accrued charges and deferred income | 492/3 | €1,550 | €1,480 | -€70 | -4.5% |
| Remuneration, social security and pensions | 62 | €184,982 | €295,207 | +€110,225 | +59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,139 | €51,799 | -€26,340 | -33.7% |
| Other operating charges | 640/8 | €9,704 | €14,838 | +€5,134 | +52.9% |
| Non-recurring operating charges | 66A | €1,064 | €488 | -€576 | -54.1% |
| Gross operating margin | 9900 | €303,059 | €376,234 | +€73,175 | +24.1% |
| Operating profit (loss) | 9901 | €29,170 | €13,902 | -€15,268 | -52.3% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €4,030 | €3,063 | -€967 | -24.0% |
| Recurring financial charges | 65 | €4,030 | €3,063 | -€967 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €25,140 | €10,851 | -€14,289 | -56.8% |
| Transfer from deferred taxes | 780 | €884 | €1,165 | +€281 | +31.8% |
| Transfer to deferred taxes | 680 | €2,100 | - | -€2,100 | |
| Income taxes | 67/77 | €6,702 | €5,709 | -€993 | -14.8% |
| Profit (loss) for the period | 9904 | €17,222 | €6,307 | -€10,915 | -63.4% |
| Transfer from tax-exempt reserves | 789 | €3,555 | €4,662 | +€1,107 | +31.1% |
| Transfer to tax-exempt reserves | 689 | €8,400 | - | -€8,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,377 | €10,969 | -€1,408 | -11.4% |
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 12 October 2026 via checked.be.