DISPO: 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.
DISPO
Largest movements
- Receivables within one year -€69,579
down €69,579 (-19.1%), from €363,767 to €294,189
of which Other amounts receivable: -€38,234
- Tangible fixed assets -€42,609
down €42,609 (-6.2%), from €683,242 to €640,633
of which Land and buildings: -€31,119
- Trade debts -€32,835
down €32,835 (-97.4%), from €33,716 to €882
- Profit (loss) carried forward -€31,387
down €31,387 (-25.9%), from -€121,321 to -€152,709
- Current portion of long-term debt -€26,282
no longer reported in 2025 (was €26,282)
- Reserves -€24,687
down €24,687 (-5.9%), from €416,714 to €392,028
of which Tax-exempt reserves: -€24,687
- Gross operating margin -€63,042
down €63,042, from €56,765 to -€6,277
- Depreciation -€20,029
down €20,029 (-32.0%), from €62,637 to €42,609
- Financial charges -€5,764
down €5,764 (-40.3%), from €14,286 to €8,522
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 | €1,063,103 | €950,430 | -€112,673 | -10.6% |
| Fixed assets | 21/28 | €683,974 | €641,365 | -€42,609 | -6.2% |
| Tangible fixed assets | 22/27 | €683,242 | €640,633 | -€42,609 | -6.2% |
| Land and buildings | 22 | €647,864 | €616,744 | -€31,119 | -4.8% |
| Plant, machinery and equipment | 23 | €1,588 | €1,270 | -€318 | -20.0% |
| Furniture and vehicles | 24 | €33,791 | €22,619 | -€11,172 | -33.1% |
| Financial fixed assets | 28 | €732 | €732 | = | 0.0% |
| Current assets | 29/58 | €379,130 | €309,065 | -€70,065 | -18.5% |
| Amounts receivable within one year | 40/41 | €363,767 | €294,189 | -€69,579 | -19.1% |
| Trade receivables | 40 | €299,482 | €268,137 | -€31,345 | -10.5% |
| Other amounts receivable | 41 | €64,285 | €26,052 | -€38,234 | -59.5% |
| Cash at bank and in hand | 54/58 | €113 | €2,459 | +€2,346 | +2,085% |
| Deferred charges and accrued income | 490/1 | €15,250 | €12,418 | -€2,832 | -18.6% |
| Total equity and liabilities | 10/49 | €1,063,103 | €950,430 | -€112,673 | -10.6% |
| Equity | 10/15 | €358,993 | €302,919 | -€56,074 | -15.6% |
| Contributions | 10/11 | €63,600 | €63,600 | = | 0.0% |
| Reserves | 13 | €416,714 | €392,028 | -€24,687 | -5.9% |
| Non-distributable reserves | 130/1 | €16,220 | €16,220 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,220 | €16,220 | = | 0.0% |
| Tax-exempt reserves | 132 | €319,591 | €294,904 | -€24,687 | -7.7% |
| Distributable reserves | 133 | €80,903 | €80,903 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,321 | -€152,709 | -€31,387 | -25.9% |
| Provisions and deferred taxes | 16 | €78,616 | €73,726 | -€4,890 | -6.2% |
| Deferred taxes | 168 | €78,616 | €73,726 | -€4,890 | -6.2% |
| Amounts payable | 17/49 | €625,494 | €573,785 | -€51,709 | -8.3% |
| Amounts payable after more than one year | 17 | €435,907 | €435,907 | = | 0.0% |
| Financial debts | 170/4 | €435,907 | €435,907 | = | 0.0% |
| Amounts payable within one year | 42/48 | €189,588 | €137,879 | -€51,709 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €26,282 | - | -€26,282 | |
| Financial debts | 43 | €2,145 | - | -€2,145 | |
| Credit institutions | 430/8 | €2,145 | - | -€2,145 | |
| Trade debts | 44 | €33,716 | €882 | -€32,835 | -97.4% |
| Suppliers | 440/4 | €33,716 | €882 | -€32,835 | -97.4% |
| Taxes, remuneration and social security | 45 | €37,655 | €39,669 | +€2,014 | +5.3% |
| Taxes | 450/3 | €111 | - | -€111 | |
| Remuneration and social security | 454/9 | €37,543 | €39,669 | +€2,125 | +5.7% |
| Other amounts payable | 47/48 | €89,790 | €97,328 | +€7,538 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,637 | €42,609 | -€20,029 | -32.0% |
| Other operating charges | 640/8 | €3,402 | €3,556 | +€154 | +4.5% |
| Gross operating margin | 9900 | €56,765 | -€6,277 | -€63,042 | |
| Operating profit (loss) | 9901 | -€9,274 | -€52,442 | -€43,167 | -465% |
| Financial income | 75/76B | €129 | - | -€129 | |
| Recurring financial income | 75 | €129 | - | -€129 | |
| Financial charges | 65/66B | €14,286 | €8,522 | -€5,764 | -40.3% |
| Recurring financial charges | 65 | €14,286 | €8,522 | -€5,764 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | -€23,431 | -€60,964 | -€37,533 | -160% |
| Transfer from deferred taxes | 780 | €26,711 | €4,890 | -€21,821 | -81.7% |
| Income taxes | 67/77 | €379 | - | -€379 | |
| Profit (loss) for the period | 9904 | €2,901 | -€56,074 | -€58,975 | |
| Transfer from tax-exempt reserves | 789 | €106,842 | €24,687 | -€82,156 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €109,743 | -€31,387 | -€141,130 |
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 29 October 2026 via checked.be.