DNP+: what changed
DNP+
Largest movements
- Tangible fixed assets +€374,181
up €374,181 (+73.4%), from €509,877 to €884,058
of which Other tangible fixed assets: +€400,737
- Receivables within one year +€180,507
up €180,507 (+68.5%), from €263,487 to €443,993
of which Other amounts receivable: +€99,331
- Cash -€115,015
down €115,015 (-71.5%), from €160,825 to €45,811
mainly Investment in fixed assets (net) (-€436,652) and Receivables within one year (-€180,507)
- Stocks and contracts +€24,944
new in 2025: €24,944
- Intangible fixed assets -€24,500
down €24,500 (-12.8%), from €192,118 to €167,618
- Debts after one year +€239,087
up €239,087 (+67.9%), from €352,016 to €591,103
- Reserves +€118,685
new in 2025: €118,685
- Short-term financial debts +€50,000
up €50,000 (+100%), from €50,000 to €100,000
- Trade debts -€40,129
down €40,129 (-17.5%), from €228,801 to €188,672
- Tax, wage and social debts +€39,428
up €39,428 (+57.9%), from €68,108 to €107,536
- Depreciation +€13,967
up €13,967 (+19.2%), from €72,868 to €86,835
- Other operating charges +€11,461
up €11,461 (+271%), from €4,234 to €15,694
- Gross operating margin -€9,191
down €9,191 (-3.0%), from €304,475 to €295,284
- Write-downs -€9,091
no longer reported in 2025 (was €9,091)
- Financial charges +€7,751
up €7,751 (+40.7%), from €19,029 to €26,780
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,199,404 | €1,638,435 | +€439,031 | +36.6% |
| Fixed assets | 21/28 | €702,130 | €1,051,946 | +€349,816 | +49.8% |
| Intangible fixed assets | 21 | €192,118 | €167,618 | -€24,500 | -12.8% |
| Tangible fixed assets | 22/27 | €509,877 | €884,058 | +€374,181 | +73.4% |
| Plant, machinery and equipment | 23 | - | €3,201 | +€3,201 | |
| Furniture and vehicles | 24 | €73,050 | €43,293 | -€29,757 | -40.7% |
| Other tangible fixed assets | 26 | €436,826 | €837,564 | +€400,737 | +91.7% |
| Financial fixed assets | 28 | €135 | €270 | +€135 | +100% |
| Current assets | 29/58 | €497,274 | €586,489 | +€89,214 | +17.9% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €24,944 | +€24,944 | |
| Stocks | 30/36 | - | €24,944 | +€24,944 | |
| Amounts receivable within one year | 40/41 | €263,487 | €443,993 | +€180,507 | +68.5% |
| Trade receivables | 40 | €161,073 | €242,249 | +€81,176 | +50.4% |
| Other amounts receivable | 41 | €102,414 | €201,744 | +€99,331 | +97.0% |
| Cash at bank and in hand | 54/58 | €160,825 | €45,811 | -€115,015 | -71.5% |
| Deferred charges and accrued income | 490/1 | €2,962 | €1,741 | -€1,222 | -41.2% |
| Total equity and liabilities | 10/49 | €1,199,404 | €1,638,435 | +€439,031 | +36.6% |
| Equity | 10/15 | €477,662 | €596,347 | +€118,685 | +24.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €118,685 | +€118,685 | |
| Distributable reserves | 133 | - | €118,685 | +€118,685 | |
| Profit (loss) carried forward | 14 | €476,662 | €476,662 | = | 0.0% |
| Amounts payable | 17/49 | €721,743 | €1,042,088 | +€320,346 | +44.4% |
| Amounts payable after more than one year | 17 | €352,016 | €591,103 | +€239,087 | +67.9% |
| Financial debts | 170/4 | €352,016 | €591,103 | +€239,087 | +67.9% |
| Amounts payable within one year | 42/48 | €367,014 | €447,459 | +€80,445 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €13,105 | €26,251 | +€13,145 | +100% |
| Financial debts | 43 | €50,000 | €100,000 | +€50,000 | +100% |
| Other loans | 439 | €50,000 | €100,000 | +€50,000 | +100% |
| Trade debts | 44 | €228,801 | €188,672 | -€40,129 | -17.5% |
| Suppliers | 440/4 | €228,801 | €188,672 | -€40,129 | -17.5% |
| Advances received on contracts in progress | 46 | €7,000 | - | -€7,000 | |
| Taxes, remuneration and social security | 45 | €68,108 | €107,536 | +€39,428 | +57.9% |
| Taxes | 450/3 | €68,108 | €107,536 | +€39,428 | +57.9% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Accrued charges and deferred income | 492/3 | €2,712 | €3,526 | +€814 | +30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,868 | €86,835 | +€13,967 | +19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,091 | - | -€9,091 | |
| Other operating charges | 640/8 | €4,234 | €15,694 | +€11,461 | +271% |
| Gross operating margin | 9900 | €304,475 | €295,284 | -€9,191 | -3.0% |
| Operating profit (loss) | 9901 | €218,282 | €192,755 | -€25,527 | -11.7% |
| Financial income | 75/76B | €1,284 | €6,507 | +€5,223 | +407% |
| Recurring financial income | 75 | €1,284 | €6,507 | +€5,223 | +407% |
| Financial charges | 65/66B | €19,029 | €26,780 | +€7,751 | +40.7% |
| Recurring financial charges | 65 | €19,029 | €26,780 | +€7,751 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €200,538 | €172,482 | -€28,056 | -14.0% |
| Income taxes | 67/77 | €46,665 | €53,797 | +€7,132 | +15.3% |
| Profit (loss) for the period | 9904 | €153,873 | €118,685 | -€35,188 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €153,873 | €118,685 | -€35,188 | -22.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.