DISPERSYN: 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.
DISPERSYN
Largest movements
- Current investments -€107,000
no longer reported in 2025 (was €107,000)
- Receivables within one year +€45,004
up €45,004 (+23.5%), from €191,818 to €236,822
of which Other amounts receivable: +€45,297
- Cash +€43,610
up €43,610 (+325.3%), from €13,404 to €57,014
mainly Current investments (+€107,000) and Net result for the year (+€11,511)
- Tangible fixed assets -€7,818
down €7,818 (-2.6%), from €295,918 to €288,101
- Debts after one year -€30,164
down €30,164 (-28.5%), from €105,915 to €75,751
- Reserves +€11,511
up €11,511 (+2.6%), from €442,317 to €453,828
of which Distributable reserves: +€11,511
- Current portion of long-term debt -€8,750
down €8,750 (-22.5%), from €38,914 to €30,164
- Gross operating margin +€14,978
up €14,978 (+9716.4%), from €154 to €15,132
- Taxes +€6,374
up €6,374 (+1189.8%), from €536 to €6,910
- Financial income +€5,079
up €5,079 (+50.7%), from €10,021 to €15,100
- Financial charges -€966
down €966 (-31.3%), from €3,086 to €2,120
- Other operating charges -€206
down €206 (-9.9%), from €2,079 to €1,873
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 | €608,141 | €581,937 | -€26,204 | -4.3% |
| Fixed assets | 21/28 | €295,918 | €288,101 | -€7,818 | -2.6% |
| Tangible fixed assets | 22/27 | €295,918 | €288,101 | -€7,818 | -2.6% |
| Land and buildings | 22 | €295,918 | €288,101 | -€7,818 | -2.6% |
| Current assets | 29/58 | €312,223 | €293,836 | -€18,386 | -5.9% |
| Amounts receivable within one year | 40/41 | €191,818 | €236,822 | +€45,004 | +23.5% |
| Trade receivables | 40 | €293 | - | -€293 | |
| Other amounts receivable | 41 | €191,525 | €236,822 | +€45,297 | +23.7% |
| Current investments | 50/53 | €107,000 | - | -€107,000 | |
| Cash at bank and in hand | 54/58 | €13,404 | €57,014 | +€43,610 | +325.3% |
| Total equity and liabilities | 10/49 | €608,141 | €581,937 | -€26,204 | -4.3% |
| Equity | 10/15 | €462,777 | €474,288 | +€11,511 | +2.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €442,317 | €453,828 | +€11,511 | +2.6% |
| Tax-exempt reserves | 132 | €196 | €196 | = | 0.0% |
| Distributable reserves | 133 | €442,121 | €453,632 | +€11,511 | +2.6% |
| Amounts payable | 17/49 | €145,364 | €107,649 | -€37,715 | -25.9% |
| Amounts payable after more than one year | 17 | €105,915 | €75,751 | -€30,164 | -28.5% |
| Financial debts | 170/4 | €105,915 | €75,751 | -€30,164 | -28.5% |
| Amounts payable within one year | 42/48 | €39,449 | €31,898 | -€7,551 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €38,914 | €30,164 | -€8,750 | -22.5% |
| Trade debts | 44 | - | €872 | +€872 | |
| Suppliers | 440/4 | - | €872 | +€872 | |
| Taxes, remuneration and social security | 45 | €535 | €862 | +€327 | +61.0% |
| Taxes | 450/3 | €535 | €862 | +€327 | +61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,818 | €7,818 | = | 0.0% |
| Other operating charges | 640/8 | €2,079 | €1,873 | -€206 | -9.9% |
| Gross operating margin | 9900 | €154 | €15,132 | +€14,978 | +9716.4% |
| Operating profit (loss) | 9901 | -€9,742 | €5,441 | +€15,183 | |
| Financial income | 75/76B | €10,021 | €15,100 | +€5,079 | +50.7% |
| Recurring financial income | 75 | €10,021 | €15,100 | +€5,079 | +50.7% |
| Financial charges | 65/66B | €3,086 | €2,120 | -€966 | -31.3% |
| Recurring financial charges | 65 | €3,086 | €2,120 | -€966 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,807 | €18,421 | +€21,228 | |
| Income taxes | 67/77 | €536 | €6,910 | +€6,374 | +1189.8% |
| Profit (loss) for the period | 9904 | -€3,343 | €11,511 | +€14,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,343 | €11,511 | +€14,854 |
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 8 October 2026 via checked.be.