DIPACAVI: 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.
DIPACAVI
Largest movements
- Cash +€106,142
up €106,142 (+427.8%), from €24,810 to €130,952
mainly Net result for the year (+€169,397) and Current investments (+€58,037)
- Receivables within one year +€66,251
up €66,251 (+82.4%), from €80,377 to €146,628
of which Other amounts receivable: +€52,050
- Current investments -€58,037
down €58,037 (-27.5%), from €211,150 to €153,112
- Tangible fixed assets -€51,734
down €51,734 (-5.2%), from €987,899 to €936,166
of which Land and buildings: -€78,785
- Reserves +€168,170
up €168,170 (+33.7%), from €498,892 to €667,062
of which Distributable reserves: +€90,000
- Contributions -€94,181
down €94,181 (-11.6%), from €810,511 to €716,330
- Debts after one year -€43,734
down €43,734 (-8.9%), from €491,894 to €448,160
of which Financial debts: -€48,234
- Provisions +€26,057
new in 2025: €26,057
- Gross operating margin +€170,257
up €170,257 (+424.8%), from €40,075 to €210,332
- Financial income -€29,281
down €29,281 (-29.0%), from €101,143 to €71,862
- Financial charges -€27,499
down €27,499 (-76.0%), from €36,196 to €8,697
- Depreciation +€14,475
up €14,475 (+36.8%), from €39,344 to €53,818
- Taxes +€7,223
up €7,223 (+110.1%), from €6,559 to €13,782
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 | €1,580,498 | €1,643,042 | +€62,545 | +4.0% |
| Fixed assets | 21/28 | €1,264,084 | €1,212,351 | -€51,734 | -4.1% |
| Tangible fixed assets | 22/27 | €987,899 | €936,166 | -€51,734 | -5.2% |
| Land and buildings | 22 | €730,973 | €652,188 | -€78,785 | -10.8% |
| Plant, machinery and equipment | 23 | €256,926 | €283,978 | +€27,051 | +10.5% |
| Financial fixed assets | 28 | €276,185 | €276,185 | = | 0.0% |
| Current assets | 29/58 | €316,413 | €430,692 | +€114,278 | +36.1% |
| Amounts receivable within one year | 40/41 | €80,377 | €146,628 | +€66,251 | +82.4% |
| Trade receivables | 40 | €3,122 | €17,323 | +€14,201 | +454.9% |
| Other amounts receivable | 41 | €77,256 | €129,305 | +€52,050 | +67.4% |
| Current investments | 50/53 | €211,150 | €153,112 | -€58,037 | -27.5% |
| Cash at bank and in hand | 54/58 | €24,810 | €130,952 | +€106,142 | +427.8% |
| Deferred charges and accrued income | 490/1 | €77 | - | -€77 | |
| Total equity and liabilities | 10/49 | €1,580,498 | €1,643,042 | +€62,545 | +4.0% |
| Equity | 10/15 | €1,011,512 | €1,086,728 | +€75,216 | +7.4% |
| Contributions | 10/11 | €810,511 | €716,330 | -€94,181 | -11.6% |
| Reserves | 13 | €498,892 | €667,062 | +€168,170 | +33.7% |
| Tax-exempt reserves | 132 | - | €78,170 | +€78,170 | |
| Distributable reserves | 133 | €498,892 | €588,892 | +€90,000 | +18.0% |
| Profit (loss) carried forward | 14 | -€297,891 | -€296,663 | +€1,227 | +0.4% |
| Provisions and deferred taxes | 16 | - | €26,057 | +€26,057 | |
| Deferred taxes | 168 | - | €26,057 | +€26,057 | |
| Amounts payable | 17/49 | €568,985 | €530,257 | -€38,728 | -6.8% |
| Amounts payable after more than one year | 17 | €491,894 | €448,160 | -€43,734 | -8.9% |
| Financial debts | 170/4 | €308,094 | €259,860 | -€48,234 | -15.7% |
| Other amounts payable | 178/9 | €183,800 | €188,300 | +€4,500 | +2.4% |
| Amounts payable within one year | 42/48 | €67,209 | €72,132 | +€4,923 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €47,327 | €48,234 | +€907 | +1.9% |
| Trade debts | 44 | €14,755 | €15,518 | +€763 | +5.2% |
| Suppliers | 440/4 | €14,755 | €15,518 | +€763 | +5.2% |
| Taxes, remuneration and social security | 45 | €5,128 | €8,381 | +€3,252 | +63.4% |
| Taxes | 450/3 | €5,128 | €8,381 | +€3,252 | +63.4% |
| Accrued charges and deferred income | 492/3 | €9,883 | €9,966 | +€83 | +0.8% |
| Non-recurring operating income | 76A | - | €51,012 | +€51,012 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,344 | €53,818 | +€14,475 | +36.8% |
| Other operating charges | 640/8 | €10,506 | €10,443 | -€63 | -0.6% |
| Gross operating margin | 9900 | €40,075 | €210,332 | +€170,257 | +424.8% |
| Operating profit (loss) | 9901 | -€9,774 | €146,071 | +€155,846 | |
| Financial income | 75/76B | €101,143 | €71,862 | -€29,281 | -29.0% |
| Recurring financial income | 75 | €101,143 | €71,862 | -€29,281 | -29.0% |
| Financial charges | 65/66B | €36,196 | €8,697 | -€27,499 | -76.0% |
| Recurring financial charges | 65 | €36,196 | €8,697 | -€27,499 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | €55,173 | €209,236 | +€154,063 | +279.2% |
| Transfer from deferred taxes | 780 | - | €551 | +€551 | |
| Transfer to deferred taxes | 680 | - | €26,608 | +€26,608 | |
| Income taxes | 67/77 | €6,559 | €13,782 | +€7,223 | +110.1% |
| Profit (loss) for the period | 9904 | €48,613 | €169,397 | +€120,784 | +248.5% |
| Transfer from tax-exempt reserves | 789 | - | €1,653 | +€1,653 | |
| Transfer to tax-exempt reserves | 689 | - | €79,823 | +€79,823 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,613 | €91,227 | +€42,614 | +87.7% |
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 1 October 2026 via checked.be.