DIPESCO: 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.
DIPESCO
Largest movements
- Cash +€57,460
up €57,460 (+211.9%), from €27,119 to €84,579
mainly Net result for the year (+€51,785) and Other debts (+€5,505)
- Reserves +€51,785
up €51,785 (+135.1%), from €38,321 to €90,106
- Other debts +€5,505
up €5,505 (+482.4%), from €1,141 to €6,647
- Gross operating margin +€15,386
up €15,386 (+28.4%), from €54,109 to €69,494
- Depreciation +€2,765
up €2,765 (+1205.9%), from €229 to €2,995
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,085 | €167,234 | +€57,148 | +51.9% |
| Fixed assets | 21/28 | €63,231 | €61,816 | -€1,416 | -2.2% |
| Tangible fixed assets | 22/27 | €13,731 | €12,316 | -€1,416 | -10.3% |
| Plant, machinery and equipment | 23 | €8,379 | €7,880 | -€499 | -6.0% |
| Furniture and vehicles | 24 | €2,702 | €1,786 | -€917 | -33.9% |
| Other tangible fixed assets | 26 | €2,650 | €2,650 | = | 0.0% |
| Financial fixed assets | 28 | €49,500 | €49,500 | = | 0.0% |
| Current assets | 29/58 | €46,854 | €105,418 | +€58,564 | +125.0% |
| Amounts receivable within one year | 40/41 | €18,449 | €18,333 | -€116 | -0.6% |
| Trade receivables | 40 | €18,333 | €18,333 | = | 0.0% |
| Other amounts receivable | 41 | €116 | €0 | -€116 | -100.0% |
| Cash at bank and in hand | 54/58 | €27,119 | €84,579 | +€57,460 | +211.9% |
| Deferred charges and accrued income | 490/1 | €1,285 | €2,505 | +€1,220 | +94.9% |
| Total equity and liabilities | 10/49 | €110,085 | €167,234 | +€57,148 | +51.9% |
| Equity | 10/15 | €93,321 | €145,106 | +€51,785 | +55.5% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €38,321 | €90,106 | +€51,785 | +135.1% |
| Distributable reserves | 133 | €38,321 | €90,106 | +€51,785 | +135.1% |
| Amounts payable | 17/49 | €16,765 | €22,127 | +€5,363 | +32.0% |
| Amounts payable within one year | 42/48 | €16,765 | €22,127 | +€5,363 | +32.0% |
| Trade debts | 44 | €939 | €1,044 | +€104 | +11.1% |
| Suppliers | 440/4 | €939 | €1,044 | +€104 | +11.1% |
| Taxes, remuneration and social security | 45 | €14,684 | €14,437 | -€247 | -1.7% |
| Taxes | 450/3 | €14,684 | €14,437 | -€247 | -1.7% |
| Other amounts payable | 47/48 | €1,141 | €6,647 | +€5,505 | +482.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229 | €2,995 | +€2,765 | +1205.9% |
| Other operating charges | 640/8 | €772 | €487 | -€284 | -36.8% |
| Gross operating margin | 9900 | €54,109 | €69,494 | +€15,386 | +28.4% |
| Operating profit (loss) | 9901 | €53,108 | €66,012 | +€12,905 | +24.3% |
| Financial income | 75/76B | €74 | €375 | +€300 | +403.0% |
| Recurring financial income | 75 | €74 | €375 | +€300 | +403.0% |
| Financial charges | 65/66B | €155 | €116 | -€40 | -25.5% |
| Recurring financial charges | 65 | €155 | €116 | -€40 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €53,027 | €66,271 | +€13,244 | +25.0% |
| Income taxes | 67/77 | €14,706 | €14,486 | -€220 | -1.5% |
| Profit (loss) for the period | 9904 | €38,321 | €51,785 | +€13,465 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,321 | €51,785 | +€13,465 | +35.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.