DISPAL: 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.
DISPAL
Largest movements
- Financial fixed assets -€208,455
down €208,455 (-95.1%), from €219,274 to €10,819
- Receivables within one year +€77,075
up €77,075 (+78.1%), from €98,698 to €175,773
of which Trade receivables: +€82,828
- Tangible fixed assets -€19,265
down €19,265 (-18.5%), from €103,888 to €84,623
of which Plant, machinery and equipment: -€11,014
- Profit (loss) carried forward +€594,254
up €594,254, from -€574,594 to €19,660
- Reserves -€488,149
down €488,149 (-95.1%), from €513,099 to €24,950
of which Distributable reserves: -€488,149
- Trade debts -€170,481
down €170,481 (-37.6%), from €453,146 to €282,665
- Debts after one year -€42,860
no longer reported in 2025 (was €42,860)
- Tax, wage and social debts -€34,416
down €34,416 (-53.2%), from €64,713 to €30,297
of which Remuneration and social security: -€21,085
- Gross operating margin +€354,457
up €354,457 (+424%), from €83,525 to €437,983
- Depreciation -€93,313
down €93,313 (-87.3%), from €106,840 to €13,527
- Staff costs -€42,978
down €42,978 (-13.3%), from €321,974 to €278,997
- Other operating charges -€9,018
down €9,018 (-57.1%), from €15,798 to €6,780
- Financial charges +€5,918
up €5,918 (+22.0%), from €26,889 to €32,807
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 | €742,284 | €590,297 | -€151,987 | -20.5% |
| Formation expenses | 20 | €1,552 | €1,392 | -€159 | -10.3% |
| Fixed assets | 21/28 | €323,162 | €95,443 | -€227,719 | -70.5% |
| Tangible fixed assets | 22/27 | €103,888 | €84,623 | -€19,265 | -18.5% |
| Plant, machinery and equipment | 23 | €90,144 | €79,130 | -€11,014 | -12.2% |
| Furniture and vehicles | 24 | €13,745 | €5,493 | -€8,251 | -60.0% |
| Financial fixed assets | 28 | €219,274 | €10,819 | -€208,455 | -95.1% |
| Current assets | 29/58 | €417,571 | €493,463 | +€75,892 | +18.2% |
| Stocks and contracts in progress | 3 | €271,313 | €271,313 | = | 0.0% |
| Stocks | 30/36 | €271,313 | €271,313 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €98,698 | €175,773 | +€77,075 | +78.1% |
| Trade receivables | 40 | €47,560 | €130,388 | +€82,828 | +174% |
| Other amounts receivable | 41 | €51,139 | €45,386 | -€5,753 | -11.2% |
| Cash at bank and in hand | 54/58 | €37,968 | €36,102 | -€1,866 | -4.9% |
| Deferred charges and accrued income | 490/1 | €9,591 | €10,273 | +€682 | +7.1% |
| Total equity and liabilities | 10/49 | €742,284 | €590,297 | -€151,987 | -20.5% |
| Equity | 10/15 | €505 | €106,610 | +€106,105 | +21,019% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €513,099 | €24,950 | -€488,149 | -95.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €506,899 | €18,750 | -€488,149 | -96.3% |
| Profit (loss) carried forward | 14 | -€574,594 | €19,660 | +€594,254 | |
| Amounts payable | 17/49 | €741,780 | €483,687 | -€258,092 | -34.8% |
| Amounts payable after more than one year | 17 | €42,860 | - | -€42,860 | |
| Financial debts | 170/4 | €42,860 | - | -€42,860 | |
| Amounts payable within one year | 42/48 | €678,440 | €473,863 | -€204,576 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €60,511 | €42,860 | -€17,651 | -29.2% |
| Trade debts | 44 | €453,146 | €282,665 | -€170,481 | -37.6% |
| Suppliers | 440/4 | €453,146 | €282,665 | -€170,481 | -37.6% |
| Taxes, remuneration and social security | 45 | €64,713 | €30,297 | -€34,416 | -53.2% |
| Taxes | 450/3 | €13,331 | - | -€13,331 | |
| Remuneration and social security | 454/9 | €51,382 | €30,297 | -€21,085 | -41.0% |
| Other amounts payable | 47/48 | €100,069 | €118,041 | +€17,972 | +18.0% |
| Accrued charges and deferred income | 492/3 | €20,480 | €9,824 | -€10,656 | -52.0% |
| Non-recurring operating income | 76A | €11,952 | - | -€11,952 | |
| Remuneration, social security and pensions | 62 | €321,974 | €278,997 | -€42,978 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,840 | €13,527 | -€93,313 | -87.3% |
| Other operating charges | 640/8 | €15,798 | €6,780 | -€9,018 | -57.1% |
| Gross operating margin | 9900 | €83,525 | €437,983 | +€354,457 | +424% |
| Operating profit (loss) | 9901 | -€361,087 | €138,679 | +€499,766 | |
| Financial income | 75/76B | €980 | €233 | -€747 | -76.2% |
| Recurring financial income | 75 | €980 | €233 | -€747 | -76.2% |
| Financial charges | 65/66B | €26,889 | €32,807 | +€5,918 | +22.0% |
| Recurring financial charges | 65 | €26,889 | €32,807 | +€5,918 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | -€386,996 | €106,105 | +€493,101 | |
| Income taxes | 67/77 | €10 | - | -€10 | |
| Profit (loss) for the period | 9904 | -€387,006 | €106,105 | +€493,111 | |
| Profit (loss) for the period to be appropriated | 9905 | -€387,006 | €106,105 | +€493,111 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.