Din-vest: 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.
Din-vest
Largest movements
- Stocks and contracts +€129,950
up €129,950 (+872%), from €14,900 to €144,850
- Tangible fixed assets +€111,900
up €111,900 (+4.6%), from €2.4m to €2.5m
of which Land and buildings: +€99,766
- Cash +€42,025
up €42,025 (+161%), from €26,090 to €68,115
mainly Net result for the year (+€458,031) and Other debts (+€74,816)
- Reserves +€258,031
up €258,031 (+32.1%), from €803,418 to €1.1m
of which Distributable reserves: +€258,031
- Debts after one year -€142,331
down €142,331 (-7.8%), from €1.8m to €1.7m
- Other debts +€74,816
up €74,816 (+51.1%), from €146,272 to €221,088
- Tax, wage and social debts +€49,359
up €49,359 (+47.2%), from €104,616 to €153,975
- Current portion of long-term debt +€42,136
up €42,136 (+29.7%), from €141,951 to €184,088
- Gross operating margin -€147,716
down €147,716 (-16.0%), from €920,371 to €772,655
- Depreciation -€64,759
down €64,759 (-49.7%), from €130,175 to €65,416
- Financial charges +€15,519
up €15,519 (+21.6%), from €71,855 to €87,374
- Other operating charges +€11,533
up €11,533 (+1,071%), from €1,077 to €12,610
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 | €3,030,537 | €3,313,582 | +€283,046 | +9.3% |
| Fixed assets | 21/28 | €2,409,293 | €2,521,194 | +€111,900 | +4.6% |
| Tangible fixed assets | 22/27 | €2,409,293 | €2,521,194 | +€111,900 | +4.6% |
| Land and buildings | 22 | €2,407,185 | €2,506,951 | +€99,766 | +4.1% |
| Plant, machinery and equipment | 23 | €2,108 | €3,317 | +€1,209 | +57.3% |
| Furniture and vehicles | 24 | - | €10,926 | +€10,926 | |
| Current assets | 29/58 | €621,243 | €792,388 | +€171,145 | +27.5% |
| Stocks and contracts in progress | 3 | €14,900 | €144,850 | +€129,950 | +872% |
| Stocks | 30/36 | €14,900 | €144,850 | +€129,950 | +872% |
| Amounts receivable within one year | 40/41 | €580,253 | €579,423 | -€830 | -0.1% |
| Trade receivables | 40 | €552,406 | €566,179 | +€13,774 | +2.5% |
| Other amounts receivable | 41 | €27,847 | €13,243 | -€14,604 | -52.4% |
| Cash at bank and in hand | 54/58 | €26,090 | €68,115 | +€42,025 | +161% |
| Total equity and liabilities | 10/49 | €3,030,537 | €3,313,582 | +€283,046 | +9.3% |
| Equity | 10/15 | €822,018 | €1,080,049 | +€258,031 | +31.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €803,418 | €1,061,449 | +€258,031 | +32.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €801,558 | €1,059,589 | +€258,031 | +32.2% |
| Amounts payable | 17/49 | €2,208,519 | €2,233,533 | +€25,014 | +1.1% |
| Amounts payable after more than one year | 17 | €1,815,680 | €1,673,349 | -€142,331 | -7.8% |
| Financial debts | 170/4 | €1,815,680 | €1,673,349 | -€142,331 | -7.8% |
| Amounts payable within one year | 42/48 | €392,839 | €560,184 | +€167,345 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €141,951 | €184,088 | +€42,136 | +29.7% |
| Trade debts | 44 | €0 | €1,033 | +€1,033 | |
| Suppliers | 440/4 | €0 | €1,033 | +€1,033 | |
| Taxes, remuneration and social security | 45 | €104,616 | €153,975 | +€49,359 | +47.2% |
| Taxes | 450/3 | €104,616 | €153,975 | +€49,359 | +47.2% |
| Other amounts payable | 47/48 | €146,272 | €221,088 | +€74,816 | +51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,175 | €65,416 | -€64,759 | -49.7% |
| Other operating charges | 640/8 | €1,077 | €12,610 | +€11,533 | +1,071% |
| Gross operating margin | 9900 | €920,371 | €772,655 | -€147,716 | -16.0% |
| Operating profit (loss) | 9901 | €789,119 | €694,629 | -€94,490 | -12.0% |
| Financial income | 75/76B | €544 | - | -€544 | |
| Recurring financial income | 75 | €544 | - | -€544 | |
| Financial charges | 65/66B | €71,855 | €87,374 | +€15,519 | +21.6% |
| Recurring financial charges | 65 | €71,855 | €87,374 | +€15,519 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €717,808 | €607,255 | -€110,553 | -15.4% |
| Income taxes | 67/77 | €151,016 | €149,224 | -€1,792 | -1.2% |
| Profit (loss) for the period | 9904 | €566,792 | €458,031 | -€108,761 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €566,792 | €458,031 | -€108,761 | -19.2% |
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 20 October 2026 via checked.be.