DNAP: 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.
DNAP
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+96.6%), from €1.5m to €3.0m
of which Land and buildings: +€2.5m
- Cash +€35,400
up €35,400 (+88.9%), from €39,813 to €75,213
mainly Current portion of long-term debt (+€1.0m) and Debts after one year (+€878,375)
- Current portion of long-term debt +€1.0m
new in 2025: €1.0m
- Debts after one year +€878,375
up €878,375 (+74.5%), from €1.2m to €2.1m
of which Financial debts: +€880,100
- Short-term financial debts -€354,338
down €354,338 (-100.0%), from €354,338 to €0
- Profit (loss) carried forward -€34,206
down €34,206 (-42.8%), from -€79,887 to -€114,092
- Financial charges +€37,544
up €37,544 (+69.2%), from €54,217 to €91,761
- Depreciation +€36,936
up €36,936 (+422.3%), from €8,745 to €45,682
- Gross operating margin -€22,584
down €22,584 (-16.7%), from €135,358 to €112,774
- Other operating charges +€2,962
up €2,962 (+44.3%), from €6,687 to €9,649
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 | €1,597,775 | €3,083,064 | +€1.5m | +93.0% |
| Fixed assets | 21/28 | €1,527,866 | €3,003,855 | +€1.5m | +96.6% |
| Tangible fixed assets | 22/27 | €1,527,716 | €3,003,855 | +€1.5m | +96.6% |
| Land and buildings | 22 | €482,908 | €3,002,726 | +€2.5m | +521.8% |
| Furniture and vehicles | 24 | €2,315 | €1,129 | -€1,187 | -51.3% |
| Assets under construction and advance payments | 27 | €1,042,493 | €0 | -€1.0m | -100.0% |
| Financial fixed assets | 28 | €150 | €0 | -€150 | -100.0% |
| Current assets | 29/58 | €69,909 | €79,209 | +€9,300 | +13.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €28,631 | €0 | -€28,631 | -100.0% |
| Trade receivables | 40 | €28,631 | €0 | -€28,631 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €39,813 | €75,213 | +€35,400 | +88.9% |
| Deferred charges and accrued income | 490/1 | €1,465 | €3,996 | +€2,531 | +172.8% |
| Total equity and liabilities | 10/49 | €1,597,775 | €3,083,064 | +€1.5m | +93.0% |
| Equity | 10/15 | -€29,887 | -€64,092 | -€34,206 | -114.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,887 | -€114,092 | -€34,206 | -42.8% |
| Amounts payable | 17/49 | €1,627,662 | €3,147,156 | +€1.5m | +93.4% |
| Amounts payable after more than one year | 17 | €1,178,875 | €2,057,250 | +€878,375 | +74.5% |
| Financial debts | 170/4 | €1,174,900 | €2,055,000 | +€880,100 | +74.9% |
| Other amounts payable | 178/9 | €3,975 | €2,250 | -€1,725 | -43.4% |
| Amounts payable within one year | 42/48 | €441,328 | €1,080,289 | +€638,961 | +144.8% |
| Current portion of amounts payable after more than one year | 42 | - | €1,040,000 | +€1.0m | |
| Financial debts | 43 | €354,338 | €0 | -€354,338 | -100.0% |
| Credit institutions | 430/8 | €354,338 | €0 | -€354,338 | -100.0% |
| Trade debts | 44 | €24,281 | €8,354 | -€15,927 | -65.6% |
| Suppliers | 440/4 | €24,281 | €8,354 | -€15,927 | -65.6% |
| Other amounts payable | 47/48 | €62,708 | €31,935 | -€30,773 | -49.1% |
| Accrued charges and deferred income | 492/3 | €7,459 | €9,617 | +€2,158 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,745 | €45,682 | +€36,936 | +422.3% |
| Other operating charges | 640/8 | €6,687 | €9,649 | +€2,962 | +44.3% |
| Gross operating margin | 9900 | €135,358 | €112,774 | -€22,584 | -16.7% |
| Operating profit (loss) | 9901 | €119,926 | €57,444 | -€62,482 | -52.1% |
| Financial income | 75/76B | €1,142 | €112 | -€1,030 | -90.2% |
| Recurring financial income | 75 | €1,142 | €112 | -€1,030 | -90.2% |
| Financial charges | 65/66B | €54,217 | €91,761 | +€37,544 | +69.2% |
| Recurring financial charges | 65 | €54,217 | €91,761 | +€37,544 | +69.2% |
| Profit (loss) for the period before taxes | 9903 | €66,851 | -€34,206 | -€101,056 | |
| Profit (loss) for the period | 9904 | €66,851 | -€34,206 | -€101,056 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,851 | -€34,206 | -€101,056 |
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 5 October 2026 via checked.be.