DP&C: 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.
DP&C
Largest movements
- Cash -€94,118
down €94,118 (-89.1%), from €105,624 to €11,506
mainly Contributions, distributions and other (-€226,004) and Investment in fixed assets (net) (-€65,166)
- Tangible fixed assets +€55,729
up €55,729 (+362.9%), from €15,357 to €71,086
of which Leasing and similar rights: +€60,091
- Receivables within one year +€18,280
up €18,280 (+47.6%), from €38,377 to €56,657
of which Trade receivables: +€18,145
- Deferred charges and accrued income -€9,763
down €9,763 (-69.7%), from €14,000 to €4,238
- Reserves -€161,434
down €161,434 (-100.0%), from €161,434 to €0
- Other debts +€64,937
up €64,937, from €0 to €64,937
- Debts after one year +€47,821
new in 2025: €47,821
- Current portion of long-term debt +€12,330
new in 2025: €12,330
- Tax, wage and social debts +€6,055
up €6,055 (+70.0%), from €8,647 to €14,702
of which Remuneration and social security: +€9,685
- Gross operating margin +€9,119
up €9,119 (+10.8%), from €84,709 to €93,828
- Depreciation +€5,533
up €5,533 (+141.8%), from €3,903 to €9,436
- Taxes +€1,280
up €1,280 (+7.9%), from €16,162 to €17,442
- Financial charges +€952
up €952 (+301.2%), from €316 to €1,268
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 | €173,358 | €143,487 | -€29,871 | -17.2% |
| Fixed assets | 21/28 | €15,357 | €71,086 | +€55,729 | +362.9% |
| Tangible fixed assets | 22/27 | €15,357 | €71,086 | +€55,729 | +362.9% |
| Plant, machinery and equipment | 23 | €1,840 | €1,380 | -€460 | -25.0% |
| Furniture and vehicles | 24 | €7,224 | €4,082 | -€3,142 | -43.5% |
| Leasing and similar rights | 25 | - | €60,091 | +€60,091 | |
| Other tangible fixed assets | 26 | €6,293 | €5,533 | -€760 | -12.1% |
| Current assets | 29/58 | €158,001 | €72,400 | -€85,601 | -54.2% |
| Amounts receivable within one year | 40/41 | €38,377 | €56,657 | +€18,280 | +47.6% |
| Trade receivables | 40 | €36,954 | €55,099 | +€18,145 | +49.1% |
| Other amounts receivable | 41 | €1,423 | €1,558 | +€135 | +9.5% |
| Cash at bank and in hand | 54/58 | €105,624 | €11,506 | -€94,118 | -89.1% |
| Deferred charges and accrued income | 490/1 | €14,000 | €4,238 | -€9,763 | -69.7% |
| Total equity and liabilities | 10/49 | €173,358 | €143,487 | -€29,871 | -17.2% |
| Equity | 10/15 | €164,434 | €3,000 | -€161,434 | -98.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €161,434 | €0 | -€161,434 | -100.0% |
| Distributable reserves | 133 | €161,434 | €0 | -€161,434 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,924 | €140,487 | +€131,563 | +1474.2% |
| Amounts payable after more than one year | 17 | - | €47,821 | +€47,821 | |
| Financial debts | 170/4 | - | €47,821 | +€47,821 | |
| Amounts payable within one year | 42/48 | €8,924 | €92,666 | +€83,741 | +938.4% |
| Current portion of amounts payable after more than one year | 42 | - | €12,330 | +€12,330 | |
| Trade debts | 44 | €277 | €696 | +€420 | +151.6% |
| Suppliers | 440/4 | €277 | €696 | +€420 | +151.6% |
| Taxes, remuneration and social security | 45 | €8,647 | €14,702 | +€6,055 | +70.0% |
| Taxes | 450/3 | €8,647 | €5,017 | -€3,631 | -42.0% |
| Remuneration and social security | 454/9 | €0 | €9,685 | +€9,685 | |
| Other amounts payable | 47/48 | €0 | €64,937 | +€64,937 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,903 | €9,436 | +€5,533 | +141.8% |
| Other operating charges | 640/8 | €219 | €1,112 | +€893 | +408.0% |
| Gross operating margin | 9900 | €84,709 | €93,828 | +€9,119 | +10.8% |
| Operating profit (loss) | 9901 | €80,587 | €83,280 | +€2,693 | +3.3% |
| Financial income | 75/76B | €6 | €0 | -€6 | -98.8% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -98.8% |
| Financial charges | 65/66B | €316 | €1,268 | +€952 | +301.2% |
| Recurring financial charges | 65 | €316 | €1,268 | +€952 | +301.2% |
| Profit (loss) for the period before taxes | 9903 | €80,277 | €82,012 | +€1,735 | +2.2% |
| Income taxes | 67/77 | €16,162 | €17,442 | +€1,280 | +7.9% |
| Profit (loss) for the period | 9904 | €64,115 | €64,570 | +€455 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €64,115 | €64,570 | +€455 | +0.7% |
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 30 September 2026 via checked.be.