DAPPS: 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.
DAPPS
Largest movements
- Tangible fixed assets +€199,505
up €199,505 (+5,334%), from €3,740 to €203,245
of which Land and buildings: +€201,956
- Receivables within one year +€41,373
up €41,373 (+417%), from €9,923 to €51,296
of which Trade receivables: +€33,945
- Cash -€10,353
down €10,353 (-17.9%), from €57,933 to €47,580
mainly Investment in fixed assets (net) (-€202,944) and Receivables within one year (-€41,373)
- Debts after one year +€165,108
new in 2025: €165,108
- Profit (loss) carried forward +€45,346
new in 2025: €45,346
- Trade debts +€9,804
up €9,804 (+338%), from €2,902 to €12,705
- Current portion of long-term debt +€9,138
new in 2025: €9,138
- Tax, wage and social debts +€7,605
up €7,605 (+36.2%), from €21,007 to €28,612
- Gross operating margin +€26,844
up €26,844 (+69.7%), from €38,537 to €65,381
- Taxes +€4,293
up €4,293 (+56.5%), from €7,597 to €11,890
- Other operating charges +€3,057
up €3,057 (+527%), from €580 to €3,637
- Financial charges +€987
up €987 (+1,077%), from €92 to €1,079
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 | €71,597 | €303,409 | +€231,812 | +324% |
| Fixed assets | 21/28 | €3,740 | €203,245 | +€199,505 | +5,334% |
| Tangible fixed assets | 22/27 | €3,740 | €203,245 | +€199,505 | +5,334% |
| Land and buildings | 22 | - | €201,956 | +€201,956 | |
| Furniture and vehicles | 24 | €3,740 | €1,290 | -€2,451 | -65.5% |
| Current assets | 29/58 | €67,857 | €100,164 | +€32,307 | +47.6% |
| Amounts receivable within one year | 40/41 | €9,923 | €51,296 | +€41,373 | +417% |
| Trade receivables | 40 | €8,217 | €42,162 | +€33,945 | +413% |
| Other amounts receivable | 41 | €1,706 | €9,134 | +€7,427 | +435% |
| Cash at bank and in hand | 54/58 | €57,933 | €47,580 | -€10,353 | -17.9% |
| Deferred charges and accrued income | 490/1 | - | €1,288 | +€1,288 | |
| Total equity and liabilities | 10/49 | €71,597 | €303,409 | +€231,812 | +324% |
| Equity | 10/15 | €42,500 | €87,846 | +€45,346 | +107% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €45,346 | +€45,346 | |
| Amounts payable | 17/49 | €29,097 | €215,563 | +€186,466 | +641% |
| Amounts payable after more than one year | 17 | - | €165,108 | +€165,108 | |
| Financial debts | 170/4 | - | €165,108 | +€165,108 | |
| Amounts payable within one year | 42/48 | €29,097 | €50,455 | +€21,358 | +73.4% |
| Current portion of amounts payable after more than one year | 42 | - | €9,138 | +€9,138 | |
| Trade debts | 44 | €2,902 | €12,705 | +€9,804 | +338% |
| Suppliers | 440/4 | €2,902 | €12,705 | +€9,804 | +338% |
| Taxes, remuneration and social security | 45 | €21,007 | €28,612 | +€7,605 | +36.2% |
| Taxes | 450/3 | €21,007 | €28,612 | +€7,605 | +36.2% |
| Other amounts payable | 47/48 | €5,188 | - | -€5,188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,856 | €3,439 | +€583 | +20.4% |
| Other operating charges | 640/8 | €580 | €3,637 | +€3,057 | +527% |
| Gross operating margin | 9900 | €38,537 | €65,381 | +€26,844 | +69.7% |
| Operating profit (loss) | 9901 | €35,101 | €58,305 | +€23,204 | +66.1% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €92 | €1,079 | +€987 | +1,077% |
| Recurring financial charges | 65 | €92 | €1,079 | +€987 | +1,077% |
| Profit (loss) for the period before taxes | 9903 | €35,010 | €57,237 | +€22,227 | +63.5% |
| Income taxes | 67/77 | €7,597 | €11,890 | +€4,293 | +56.5% |
| Profit (loss) for the period | 9904 | €27,412 | €45,346 | +€17,934 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,412 | €45,346 | +€17,934 | +65.4% |
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 13 October 2026 via checked.be.