DNP Concept: 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.
DNP Concept
Largest movements
- Receivables within one year +€26,173
up €26,173 (+11.4%), from €230,175 to €256,348
of which Trade receivables: +€23,426
- Stocks and contracts -€21,870
down €21,870 (-85.6%), from €25,562 to €3,692
- Cash -€8,568
down €8,568 (-21.5%), from €39,879 to €31,312
mainly Net result for the year (-€125,519) and Investment in fixed assets (net) (-€46,506)
- Profit (loss) carried forward -€125,519
down €125,519 (-30.0%), from €419,005 to €293,485
- Debts after one year +€44,585
up €44,585 (+15.1%), from €294,418 to €339,003
- Trade debts +€40,457
up €40,457 (+73.7%), from €54,907 to €95,364
- Current portion of long-term debt +€24,569
up €24,569 (+54.9%), from €44,729 to €69,297
- Other debts +€14,200
up €14,200 (+927%), from €1,532 to €15,732
- Gross operating margin -€138,088
down €138,088 (-52.6%), from €262,645 to €124,557
- Staff costs -€27,350
down €27,350 (-13.7%), from €199,262 to €171,911
- Other operating charges -€8,068
down €8,068 (-41.4%), from €19,470 to €11,402
- Depreciation -€6,367
down €6,367 (-11.1%), from €57,226 to €50,859
- Write-downs +€3,315
new in 2025: €3,315
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 | €840,793 | €831,906 | -€8,887 | -1.1% |
| Fixed assets | 21/28 | €530,243 | €525,890 | -€4,353 | -0.8% |
| Tangible fixed assets | 22/27 | €530,084 | €525,732 | -€4,353 | -0.8% |
| Land and buildings | 22 | €431,883 | €410,250 | -€21,633 | -5.0% |
| Plant, machinery and equipment | 23 | €4,342 | €4,402 | +€60 | +1.4% |
| Furniture and vehicles | 24 | €26,150 | €33,948 | +€7,798 | +29.8% |
| Leasing and similar rights | 25 | €67,345 | €77,100 | +€9,755 | +14.5% |
| Other tangible fixed assets | 26 | €364 | €32 | -€332 | -91.2% |
| Financial fixed assets | 28 | €158 | €158 | = | 0.0% |
| Current assets | 29/58 | €310,550 | €306,016 | -€4,534 | -1.5% |
| Stocks and contracts in progress | 3 | €25,562 | €3,692 | -€21,870 | -85.6% |
| Stocks | 30/36 | €25,562 | €3,692 | -€21,870 | -85.6% |
| Amounts receivable within one year | 40/41 | €230,175 | €256,348 | +€26,173 | +11.4% |
| Trade receivables | 40 | €38,533 | €61,959 | +€23,426 | +60.8% |
| Other amounts receivable | 41 | €191,642 | €194,389 | +€2,747 | +1.4% |
| Cash at bank and in hand | 54/58 | €39,879 | €31,312 | -€8,568 | -21.5% |
| Deferred charges and accrued income | 490/1 | €14,934 | €14,664 | -€269 | -1.8% |
| Total equity and liabilities | 10/49 | €840,793 | €831,906 | -€8,887 | -1.1% |
| Equity | 10/15 | €426,107 | €300,587 | -€125,519 | -29.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €902 | €902 | = | 0.0% |
| Distributable reserves | 133 | €902 | €902 | = | 0.0% |
| Profit (loss) carried forward | 14 | €419,005 | €293,485 | -€125,519 | -30.0% |
| Amounts payable | 17/49 | €414,686 | €531,319 | +€116,633 | +28.1% |
| Amounts payable after more than one year | 17 | €294,418 | €339,003 | +€44,585 | +15.1% |
| Financial debts | 170/4 | €294,418 | €339,003 | +€44,585 | +15.1% |
| Amounts payable within one year | 42/48 | €120,268 | €192,316 | +€72,048 | +59.9% |
| Current portion of amounts payable after more than one year | 42 | €44,729 | €69,297 | +€24,569 | +54.9% |
| Trade debts | 44 | €54,907 | €95,364 | +€40,457 | +73.7% |
| Suppliers | 440/4 | €54,907 | €95,364 | +€40,457 | +73.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,101 | €11,923 | -€7,178 | -37.6% |
| Taxes | 450/3 | €3,151 | €984 | -€2,167 | -68.8% |
| Remuneration and social security | 454/9 | €15,950 | €10,939 | -€5,011 | -31.4% |
| Other amounts payable | 47/48 | €1,532 | €15,732 | +€14,200 | +927% |
| Remuneration, social security and pensions | 62 | €199,262 | €171,911 | -€27,350 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,226 | €50,859 | -€6,367 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,315 | +€3,315 | |
| Other operating charges | 640/8 | €19,470 | €11,402 | -€8,068 | -41.4% |
| Gross operating margin | 9900 | €262,645 | €124,557 | -€138,088 | -52.6% |
| Operating profit (loss) | 9901 | -€13,313 | -€112,930 | -€99,617 | -748% |
| Financial income | 75/76B | €2,883 | €261 | -€2,622 | -90.9% |
| Recurring financial income | 75 | €2,883 | €261 | -€2,622 | -90.9% |
| Financial charges | 65/66B | €14,778 | €12,655 | -€2,123 | -14.4% |
| Recurring financial charges | 65 | €14,778 | €12,655 | -€2,123 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,208 | -€125,325 | -€100,116 | -397% |
| Income taxes | 67/77 | €470 | €195 | -€275 | -58.5% |
| Profit (loss) for the period | 9904 | -€25,679 | -€125,519 | -€99,841 | -389% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,679 | -€125,519 | -€99,841 | -389% |
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 15 October 2026 via checked.be.