DIPRI: 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.
DIPRI
Largest movements
- Cash -€176,042
down €176,042 (-94.6%), from €186,143 to €10,101
mainly Current portion of long-term debt (-€892,946) and Trade debts (-€9,437)
- Receivables within one year -€172,021
down €172,021 (-27.0%), from €636,372 to €464,350
- Stocks and contracts -€62,277
down €62,277 (-33.2%), from €187,301 to €125,025
- Current portion of long-term debt -€892,946
down €892,946 (-91.2%), from €978,877 to €85,931
- Debts after one year +€343,638
up €343,638 (+712.8%), from €48,210 to €391,848
- Advances received +€84,000
new in 2025: €84,000
- Tax, wage and social debts +€28,655
up €28,655 (+447.0%), from €6,410 to €35,065
- Provisions +€28,070
up €28,070 (+21.1%), from €133,327 to €161,397
of which Provisions for liabilities and charges: +€46,906
- Provisions +€71,289
up €71,289, from -€21,289 to €50,000
- Gross operating margin +€52,546
up €52,546 (+95.7%), from €54,933 to €107,480
- Financial charges -€28,792
down €28,792 (-74.7%), from €38,566 to €9,774
- Taxes +€27,987
up €27,987 (+393.2%), from €7,117 to €35,104
- Financial income +€1,132
up €1,132 (+1772.9%), from €64 to €1,196
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 | €2,179,869 | €1,766,895 | -€412,975 | -18.9% |
| Fixed assets | 21/28 | €1,135,966 | €1,129,921 | -€6,045 | -0.5% |
| Tangible fixed assets | 22/27 | €164,418 | €158,373 | -€6,045 | -3.7% |
| Other tangible fixed assets | 26 | €164,418 | €158,373 | -€6,045 | -3.7% |
| Financial fixed assets | 28 | €971,548 | €971,548 | = | 0.0% |
| Current assets | 29/58 | €1,043,904 | €636,974 | -€406,930 | -39.0% |
| Stocks and contracts in progress | 3 | €187,301 | €125,025 | -€62,277 | -33.2% |
| Stocks | 30/36 | €187,301 | €125,025 | -€62,277 | -33.2% |
| Amounts receivable within one year | 40/41 | €636,372 | €464,350 | -€172,021 | -27.0% |
| Other amounts receivable | 41 | €636,372 | €464,350 | -€172,021 | -27.0% |
| Current investments | 50/53 | €34,087 | €37,497 | +€3,410 | +10.0% |
| Cash at bank and in hand | 54/58 | €186,143 | €10,101 | -€176,042 | -94.6% |
| Total equity and liabilities | 10/49 | €2,179,869 | €1,766,895 | -€412,975 | -18.9% |
| Equity | 10/15 | €597,953 | €609,029 | +€11,076 | +1.9% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €535,340 | €546,416 | +€11,076 | +2.1% |
| Non-distributable reserves | 130/1 | €6,629 | €6,629 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Other | 1319 | €379 | €379 | = | 0.0% |
| Tax-exempt reserves | 132 | €242,167 | €185,659 | -€56,508 | -23.3% |
| Distributable reserves | 133 | €286,545 | €354,129 | +€67,584 | +23.6% |
| Profit (loss) carried forward | 14 | €112 | €112 | -€0 | 0.0% |
| Provisions and deferred taxes | 16 | €133,327 | €161,397 | +€28,070 | +21.1% |
| Provisions for liabilities and charges | 160/5 | €52,605 | €99,510 | +€46,906 | +89.2% |
| Major repairs and maintenance | 162 | - | €50,000 | +€50,000 | |
| Environmental obligations | 163 | - | €49,510 | +€49,510 | |
| Other liabilities and charges | 164/5 | €52,605 | - | -€52,605 | |
| Deferred taxes | 168 | €80,722 | €61,886 | -€18,836 | -23.3% |
| Amounts payable | 17/49 | €1,448,590 | €996,469 | -€452,120 | -31.2% |
| Amounts payable after more than one year | 17 | €48,210 | €391,848 | +€343,638 | +712.8% |
| Financial debts | 170/4 | €48,210 | €391,848 | +€343,638 | +712.8% |
| Amounts payable within one year | 42/48 | €1,400,380 | €604,621 | -€795,758 | -56.8% |
| Current portion of amounts payable after more than one year | 42 | €978,877 | €85,931 | -€892,946 | -91.2% |
| Trade debts | 44 | €25,297 | €15,859 | -€9,437 | -37.3% |
| Suppliers | 440/4 | €25,297 | €15,859 | -€9,437 | -37.3% |
| Advances received on contracts in progress | 46 | - | €84,000 | +€84,000 | |
| Taxes, remuneration and social security | 45 | €6,410 | €35,065 | +€28,655 | +447.0% |
| Taxes | 450/3 | €6,410 | €35,065 | +€28,655 | +447.0% |
| Other amounts payable | 47/48 | €389,796 | €383,766 | -€6,030 | -1.5% |
| Remuneration, social security and pensions | 62 | €968 | €998 | +€31 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,675 | €6,045 | +€370 | +6.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€21,289 | €50,000 | +€71,289 | |
| Other operating charges | 640/8 | €14,393 | €14,513 | +€120 | +0.8% |
| Gross operating margin | 9900 | €54,933 | €107,480 | +€52,546 | +95.7% |
| Operating profit (loss) | 9901 | €55,186 | €35,923 | -€19,264 | -34.9% |
| Financial income | 75/76B | €64 | €1,196 | +€1,132 | +1772.9% |
| Recurring financial income | 75 | €64 | €1,196 | +€1,132 | +1772.9% |
| Financial charges | 65/66B | €38,566 | €9,774 | -€28,792 | -74.7% |
| Recurring financial charges | 65 | €38,566 | €9,774 | -€28,792 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | €16,684 | €27,345 | +€10,660 | +63.9% |
| Transfer from deferred taxes | 780 | - | €18,836 | +€18,836 | |
| Income taxes | 67/77 | €7,117 | €35,104 | +€27,987 | +393.2% |
| Profit (loss) for the period | 9904 | €9,567 | €11,076 | +€1,509 | +15.8% |
| Transfer from tax-exempt reserves | 789 | - | €56,508 | +€56,508 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,567 | €67,584 | +€58,017 | +606.4% |
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 4 October 2026 via checked.be.