DIS - APE: 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.
DIS - APE
Largest movements
- Receivables within one year -€57,678
down €57,678 (-34.1%), from €169,008 to €111,330
of which Trade receivables: -€63,680
- Tangible fixed assets -€32,138
down €32,138 (-15.0%), from €214,831 to €182,693
- Cash +€28,338
up €28,338 (+43.6%), from €65,021 to €93,358
mainly Receivables within one year (+€57,678) and Depreciation (+€32,138)
- Profit (loss) carried forward -€29,208
down €29,208 (-15.1%), from €193,480 to €164,272
- Debts after one year -€15,887
down €15,887 (-15.8%), from €100,829 to €84,941
- Trade debts -€9,402
down €9,402 (-29.1%), from €32,358 to €22,955
- Current portion of long-term debt -€6,145
down €6,145 (-27.9%), from €22,033 to €15,887
- Staff costs +€56,969
up €56,969 (+25.5%), from €223,678 to €280,647
- Taxes -€7,602
down €7,602 (-37.4%), from €20,320 to €12,718
- Financial charges +€6,307
up €6,307 (+102%), from €6,162 to €12,469
- Gross operating margin +€4,744
up €4,744 (+1.3%), from €376,875 to €381,619
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 | €475,779 | €415,758 | -€60,020 | -12.6% |
| Fixed assets | 21/28 | €214,831 | €182,693 | -€32,138 | -15.0% |
| Tangible fixed assets | 22/27 | €214,831 | €182,693 | -€32,138 | -15.0% |
| Land and buildings | 22 | €155,820 | €152,682 | -€3,138 | -2.0% |
| Plant, machinery and equipment | 23 | €22,477 | €16,024 | -€6,453 | -28.7% |
| Furniture and vehicles | 24 | €24,388 | €10,475 | -€13,913 | -57.0% |
| Leasing and similar rights | 25 | €7,492 | €161 | -€7,332 | -97.9% |
| Other tangible fixed assets | 26 | €4,654 | €3,350 | -€1,304 | -28.0% |
| Current assets | 29/58 | €260,948 | €233,066 | -€27,882 | -10.7% |
| Stocks and contracts in progress | 3 | €18,410 | €21,301 | +€2,891 | +15.7% |
| Stocks | 30/36 | €18,410 | €21,301 | +€2,891 | +15.7% |
| Amounts receivable within one year | 40/41 | €169,008 | €111,330 | -€57,678 | -34.1% |
| Trade receivables | 40 | €163,655 | €99,975 | -€63,680 | -38.9% |
| Other amounts receivable | 41 | €5,353 | €11,355 | +€6,002 | +112% |
| Cash at bank and in hand | 54/58 | €65,021 | €93,358 | +€28,338 | +43.6% |
| Deferred charges and accrued income | 490/1 | €8,509 | €7,076 | -€1,433 | -16.8% |
| Total equity and liabilities | 10/49 | €475,779 | €415,758 | -€60,020 | -12.6% |
| Equity | 10/15 | €268,993 | €239,785 | -€29,208 | -10.9% |
| Contributions | 10/11 | €64,452 | €64,452 | = | 0.0% |
| Reserves | 13 | €11,060 | €11,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €6,102 | €6,102 | = | 0.0% |
| Profit (loss) carried forward | 14 | €193,480 | €164,272 | -€29,208 | -15.1% |
| Amounts payable | 17/49 | €206,786 | €175,974 | -€30,813 | -14.9% |
| Amounts payable after more than one year | 17 | €100,829 | €84,941 | -€15,887 | -15.8% |
| Financial debts | 170/4 | €100,829 | €84,941 | -€15,887 | -15.8% |
| Amounts payable within one year | 42/48 | €105,957 | €91,032 | -€14,925 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €22,033 | €15,887 | -€6,145 | -27.9% |
| Trade debts | 44 | €32,358 | €22,955 | -€9,402 | -29.1% |
| Suppliers | 440/4 | €32,358 | €22,955 | -€9,402 | -29.1% |
| Taxes, remuneration and social security | 45 | €30,045 | €34,135 | +€4,090 | +13.6% |
| Taxes | 450/3 | €9,732 | €2,221 | -€7,511 | -77.2% |
| Remuneration and social security | 454/9 | €20,312 | €31,913 | +€11,601 | +57.1% |
| Other amounts payable | 47/48 | €21,522 | €18,055 | -€3,468 | -16.1% |
| Remuneration, social security and pensions | 62 | €223,678 | €280,647 | +€56,969 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,003 | €32,138 | -€1,865 | -5.5% |
| Other operating charges | 640/8 | €9,846 | €13,097 | +€3,251 | +33.0% |
| Non-recurring operating charges | 66A | €13,400 | €0 | -€13,400 | -100% |
| Gross operating margin | 9900 | €376,875 | €381,619 | +€4,744 | +1.3% |
| Operating profit (loss) | 9901 | €95,948 | €55,737 | -€40,211 | -41.9% |
| Financial income | 75/76B | €42 | €242 | +€200 | +473% |
| Recurring financial income | 75 | €42 | €242 | +€200 | +473% |
| Financial charges | 65/66B | €6,162 | €12,469 | +€6,307 | +102% |
| Recurring financial charges | 65 | €6,162 | €12,469 | +€6,307 | +102% |
| Profit (loss) for the period before taxes | 9903 | €89,829 | €43,511 | -€46,318 | -51.6% |
| Income taxes | 67/77 | €20,320 | €12,718 | -€7,602 | -37.4% |
| Profit (loss) for the period | 9904 | €69,509 | €30,792 | -€38,716 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,509 | €30,792 | -€38,716 | -55.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.