DISPAR VULGO: 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.
DISPAR VULGO
Largest movements
- Receivables within one year -€26,850
down €26,850 (-30.3%), from €88,626 to €61,775
of which Trade receivables: -€28,754
- Tangible fixed assets +€10,436
up €10,436 (+4.4%), from €236,964 to €247,400
of which Furniture and vehicles: +€31,693
- Cash -€8,225
down €8,225 (-24.4%), from €33,773 to €25,548
mainly Investment in fixed assets (net) (-€39,177) and Debts after one year (-€22,872)
- Debts after one year -€22,872
down €22,872 (-21.2%), from €107,816 to €84,944
- Trade debts -€18,434
down €18,434 (-34.8%), from €53,007 to €34,573
- Reserves +€12,827
up €12,827 (+7.8%), from €163,490 to €176,316
- Current portion of long-term debt +€6,188
up €6,188 (+18.1%), from €34,139 to €40,327
- Tax, wage and social debts -€3,893
down €3,893 (-100%), from €3,893 to €0
- Gross operating margin +€91,073
up €91,073 (+77.5%), from €117,508 to €208,581
- Staff costs +€73,387
up €73,387 (+96.6%), from €75,969 to €149,356
- Depreciation +€7,718
up €7,718 (+37.8%), from €20,427 to €28,145
- Taxes +€3,529
up €3,529 (+86.3%), from €4,091 to €7,620
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 | €368,544 | €342,360 | -€26,184 | -7.1% |
| Fixed assets | 21/28 | €238,707 | €249,739 | +€11,032 | +4.6% |
| Tangible fixed assets | 22/27 | €236,964 | €247,400 | +€10,436 | +4.4% |
| Land and buildings | 22 | €22,117 | €18,308 | -€3,810 | -17.2% |
| Plant, machinery and equipment | 23 | €66,433 | €59,371 | -€7,062 | -10.6% |
| Furniture and vehicles | 24 | €6,310 | €38,003 | +€31,693 | +502% |
| Other tangible fixed assets | 26 | €142,104 | €131,718 | -€10,386 | -7.3% |
| Financial fixed assets | 28 | €1,743 | €2,339 | +€596 | +34.2% |
| Current assets | 29/58 | €129,837 | €92,620 | -€37,216 | -28.7% |
| Stocks and contracts in progress | 3 | €5,297 | €5,297 | = | 0.0% |
| Stocks | 30/36 | €5,297 | €5,297 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €88,626 | €61,775 | -€26,850 | -30.3% |
| Trade receivables | 40 | €71,547 | €42,793 | -€28,754 | -40.2% |
| Other amounts receivable | 41 | €17,079 | €18,983 | +€1,904 | +11.1% |
| Cash at bank and in hand | 54/58 | €33,773 | €25,548 | -€8,225 | -24.4% |
| Deferred charges and accrued income | 490/1 | €2,141 | €0 | -€2,141 | -100% |
| Total equity and liabilities | 10/49 | €368,544 | €342,360 | -€26,184 | -7.1% |
| Equity | 10/15 | €169,690 | €182,516 | +€12,827 | +7.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €163,490 | €176,316 | +€12,827 | +7.8% |
| Distributable reserves | 133 | €163,490 | €176,316 | +€12,827 | +7.8% |
| Amounts payable | 17/49 | €198,854 | €159,843 | -€39,010 | -19.6% |
| Amounts payable after more than one year | 17 | €107,816 | €84,944 | -€22,872 | -21.2% |
| Financial debts | 170/4 | €107,816 | €84,944 | -€22,872 | -21.2% |
| Amounts payable within one year | 42/48 | €91,038 | €74,900 | -€16,139 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €34,139 | €40,327 | +€6,188 | +18.1% |
| Trade debts | 44 | €53,007 | €34,573 | -€18,434 | -34.8% |
| Suppliers | 440/4 | €53,007 | €34,573 | -€18,434 | -34.8% |
| Taxes, remuneration and social security | 45 | €3,893 | €0 | -€3,893 | -100% |
| Taxes | 450/3 | €3,893 | €0 | -€3,893 | -100% |
| Remuneration, social security and pensions | 62 | €75,969 | €149,356 | +€73,387 | +96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,427 | €28,145 | +€7,718 | +37.8% |
| Other operating charges | 640/8 | €2,090 | €4,068 | +€1,978 | +94.6% |
| Gross operating margin | 9900 | €117,508 | €208,581 | +€91,073 | +77.5% |
| Operating profit (loss) | 9901 | €19,022 | €27,013 | +€7,990 | +42.0% |
| Financial income | 75/76B | €1,480 | €843 | -€637 | -43.0% |
| Recurring financial income | 75 | €1,480 | €843 | -€637 | -43.0% |
| Financial charges | 65/66B | €5,967 | €7,409 | +€1,442 | +24.2% |
| Recurring financial charges | 65 | €5,967 | €7,409 | +€1,442 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €14,535 | €20,446 | +€5,912 | +40.7% |
| Income taxes | 67/77 | €4,091 | €7,620 | +€3,529 | +86.3% |
| Profit (loss) for the period | 9904 | €10,444 | €12,827 | +€2,383 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,444 | €12,827 | +€2,383 | +22.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.