DP MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets +€404,726
up €404,726 (+24.4%), from €1.7m to €2.1m
of which Land and buildings: +€418,089
- Cash +€60,407
up €60,407 (+221.4%), from €27,284 to €87,690
mainly Net result for the year (+€225,980) and Debts after one year (+€225,430)
- Receivables within one year +€34,957
up €34,957 (+24.3%), from €144,127 to €179,084
of which Trade receivables: +€46,734
- Debts after one year +€225,430
up €225,430 (+25.6%), from €880,691 to €1.1m
- Reserves +€142,929
up €142,929 (+22.4%), from €638,542 to €781,471
of which Tax-exempt reserves: +€175,624
- Other debts +€73,050
up €73,050 (+682.7%), from €10,700 to €83,750
- Provisions +€58,542
new in 2025: €58,542
- Tax, wage and social debts -€31,351
down €31,351 (-58.5%), from €53,605 to €22,254
of which Taxes: -€36,256
- Gross operating margin +€185,294
up €185,294 (+64.6%), from €286,984 to €472,278
- Depreciation +€37,949
up €37,949 (+39.8%), from €95,415 to €133,365
- Taxes -€22,234
down €22,234 (-44.6%), from €49,865 to €27,631
- Other operating charges -€15,806
down €15,806 (-59.9%), from €26,367 to €10,560
- Financial charges +€7,334
up €7,334 (+57.8%), from €12,697 to €20,031
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 | €2,128,571 | €2,620,183 | +€491,612 | +23.1% |
| Fixed assets | 21/28 | €1,939,255 | €2,343,981 | +€404,726 | +20.9% |
| Tangible fixed assets | 22/27 | €1,660,255 | €2,064,981 | +€404,726 | +24.4% |
| Land and buildings | 22 | €1,630,806 | €2,048,895 | +€418,089 | +25.6% |
| Plant, machinery and equipment | 23 | €5,252 | €3,588 | -€1,663 | -31.7% |
| Furniture and vehicles | 24 | €10,797 | €692 | -€10,105 | -93.6% |
| Other tangible fixed assets | 26 | €13,400 | €11,806 | -€1,594 | -11.9% |
| Financial fixed assets | 28 | €279,000 | €279,000 | = | 0.0% |
| Current assets | 29/58 | €189,316 | €276,202 | +€86,886 | +45.9% |
| Amounts receivable after more than one year | 29 | €10,500 | €3,000 | -€7,500 | -71.4% |
| Other amounts receivable | 291 | €10,500 | €3,000 | -€7,500 | -71.4% |
| Amounts receivable within one year | 40/41 | €144,127 | €179,084 | +€34,957 | +24.3% |
| Trade receivables | 40 | €71,387 | €118,121 | +€46,734 | +65.5% |
| Other amounts receivable | 41 | €72,739 | €60,963 | -€11,777 | -16.2% |
| Cash at bank and in hand | 54/58 | €27,284 | €87,690 | +€60,407 | +221.4% |
| Deferred charges and accrued income | 490/1 | €7,406 | €6,427 | -€978 | -13.2% |
| Total equity and liabilities | 10/49 | €2,128,571 | €2,620,183 | +€491,612 | +23.1% |
| Equity | 10/15 | €1,007,542 | €1,150,471 | +€142,929 | +14.2% |
| Contributions | 10/11 | €369,000 | €369,000 | = | 0.0% |
| Reserves | 13 | €638,542 | €781,471 | +€142,929 | +22.4% |
| Non-distributable reserves | 130/1 | €21,250 | €21,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,250 | €21,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €217,724 | +€175,624 | +417.2% |
| Distributable reserves | 133 | €575,192 | €542,497 | -€32,695 | -5.7% |
| Provisions and deferred taxes | 16 | - | €58,542 | +€58,542 | |
| Deferred taxes | 168 | - | €58,542 | +€58,542 | |
| Amounts payable | 17/49 | €1,121,029 | €1,411,170 | +€290,141 | +25.9% |
| Amounts payable after more than one year | 17 | €880,691 | €1,106,121 | +€225,430 | +25.6% |
| Financial debts | 170/4 | €880,691 | €1,106,121 | +€225,430 | +25.6% |
| Amounts payable within one year | 42/48 | €233,152 | €295,570 | +€62,418 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €156,580 | €179,953 | +€23,373 | +14.9% |
| Trade debts | 44 | €12,268 | €9,613 | -€2,654 | -21.6% |
| Suppliers | 440/4 | €12,268 | €9,613 | -€2,654 | -21.6% |
| Taxes, remuneration and social security | 45 | €53,605 | €22,254 | -€31,351 | -58.5% |
| Taxes | 450/3 | €53,605 | €17,349 | -€36,256 | -67.6% |
| Remuneration and social security | 454/9 | - | €4,905 | +€4,905 | |
| Other amounts payable | 47/48 | €10,700 | €83,750 | +€73,050 | +682.7% |
| Accrued charges and deferred income | 492/3 | €7,186 | €9,479 | +€2,293 | +31.9% |
| Non-recurring operating income | 76A | - | €247,075 | +€247,075 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,415 | €133,365 | +€37,949 | +39.8% |
| Other operating charges | 640/8 | €26,367 | €10,560 | -€15,806 | -59.9% |
| Gross operating margin | 9900 | €286,984 | €472,278 | +€185,294 | +64.6% |
| Operating profit (loss) | 9901 | €165,202 | €328,353 | +€163,151 | +98.8% |
| Financial income | 75/76B | €3,264 | €3,830 | +€566 | +17.3% |
| Recurring financial income | 75 | €3,264 | €3,830 | +€566 | +17.3% |
| Financial charges | 65/66B | €12,697 | €20,031 | +€7,334 | +57.8% |
| Recurring financial charges | 65 | €12,697 | €20,031 | +€7,334 | +57.8% |
| Profit (loss) for the period before taxes | 9903 | €155,769 | €312,152 | +€156,383 | +100.4% |
| Transfer from deferred taxes | 780 | - | €32 | +€32 | |
| Transfer to deferred taxes | 680 | - | €58,574 | +€58,574 | |
| Income taxes | 67/77 | €49,865 | €27,631 | -€22,234 | -44.6% |
| Profit (loss) for the period | 9904 | €105,904 | €225,980 | +€120,076 | +113.4% |
| Transfer from tax-exempt reserves | 789 | - | €96 | +€96 | |
| Transfer to tax-exempt reserves | 689 | €42,100 | €175,721 | +€133,621 | +317.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,804 | €50,355 | -€13,449 | -21.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.