DPA: 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.
DPA
Largest movements
- Tangible fixed assets +€16,820
up €16,820 (+15.4%), from €109,440 to €126,260
of which Land and buildings: +€17,272
- Receivables within one year +€16,461
up €16,461 (+9.1%), from €180,825 to €197,287
of which Trade receivables: +€16,449
- Cash -€15,868
down €15,868 (-24.4%), from €65,108 to €49,239
mainly Investment in fixed assets (net) (-€29,280) and Trade debts (-€21,331)
- Reserves +€39,000
up €39,000 (+21.9%), from €178,000 to €217,000
- Trade debts -€21,331
down €21,331 (-58.5%), from €36,456 to €15,125
- Debts after one year -€11,750
down €11,750 (-42.9%), from €27,416 to €15,666
- Tax, wage and social debts +€10,915
up €10,915 (+65.3%), from €16,725 to €27,640
- Gross operating margin +€41,901
up €41,901 (+79.1%), from €52,985 to €94,886
- Taxes +€13,205
up €13,205 (+99.0%), from €13,334 to €26,540
- Financial charges -€3,142
down €3,142 (-34.4%), from €9,142 to €6,000
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 | €381,644 | €399,570 | +€17,926 | +4.7% |
| Fixed assets | 21/28 | €109,440 | €126,260 | +€16,820 | +15.4% |
| Tangible fixed assets | 22/27 | €109,440 | €126,260 | +€16,820 | +15.4% |
| Land and buildings | 22 | €108,987 | €126,260 | +€17,272 | +15.8% |
| Furniture and vehicles | 24 | €452 | - | -€452 | |
| Current assets | 29/58 | €272,204 | €273,310 | +€1,106 | +0.4% |
| Stocks and contracts in progress | 3 | €25,849 | €26,749 | +€900 | +3.5% |
| Stocks | 30/36 | €25,849 | €26,749 | +€900 | +3.5% |
| Amounts receivable within one year | 40/41 | €180,825 | €197,287 | +€16,461 | +9.1% |
| Trade receivables | 40 | €180,825 | €197,274 | +€16,449 | +9.1% |
| Other amounts receivable | 41 | - | €13 | +€13 | |
| Cash at bank and in hand | 54/58 | €65,108 | €49,239 | -€15,868 | -24.4% |
| Deferred charges and accrued income | 490/1 | €422 | €35 | -€387 | -91.6% |
| Total equity and liabilities | 10/49 | €381,644 | €399,570 | +€17,926 | +4.7% |
| Equity | 10/15 | €186,416 | €225,819 | +€39,404 | +21.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Outside capital | 11 | €8,060 | - | -€8,060 | |
| Other | 1109/19 | €8,060 | - | -€8,060 | |
| Reserves | 13 | €178,000 | €217,000 | +€39,000 | +21.9% |
| Distributable reserves | 133 | €178,000 | €217,000 | +€39,000 | +21.9% |
| Profit (loss) carried forward | 14 | €356 | €759 | +€404 | +113.5% |
| Amounts payable | 17/49 | €195,228 | €173,751 | -€21,477 | -11.0% |
| Amounts payable after more than one year | 17 | €27,416 | €15,666 | -€11,750 | -42.9% |
| Financial debts | 170/4 | €27,416 | €15,666 | -€11,750 | -42.9% |
| Amounts payable within one year | 42/48 | €167,812 | €158,085 | -€9,727 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €112,972 | €111,750 | -€1,222 | -1.1% |
| Trade debts | 44 | €36,456 | €15,125 | -€21,331 | -58.5% |
| Suppliers | 440/4 | €36,456 | €15,125 | -€21,331 | -58.5% |
| Advances received on contracts in progress | 46 | - | €2,015 | +€2,015 | |
| Taxes, remuneration and social security | 45 | €16,725 | €27,640 | +€10,915 | +65.3% |
| Taxes | 450/3 | €16,725 | €27,640 | +€10,915 | +65.3% |
| Other amounts payable | 47/48 | €1,660 | €1,555 | -€105 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,274 | €12,460 | +€186 | +1.5% |
| Other operating charges | 640/8 | €10,166 | €10,483 | +€317 | +3.1% |
| Gross operating margin | 9900 | €52,985 | €94,886 | +€41,901 | +79.1% |
| Operating profit (loss) | 9901 | €30,546 | €71,944 | +€41,398 | +135.5% |
| Financial income | 75/76B | €135 | €0 | -€135 | -99.9% |
| Recurring financial income | 75 | €135 | €0 | -€135 | -99.9% |
| Financial charges | 65/66B | €9,142 | €6,000 | -€3,142 | -34.4% |
| Recurring financial charges | 65 | €9,142 | €6,000 | -€3,142 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €21,538 | €65,943 | +€44,405 | +206.2% |
| Income taxes | 67/77 | €13,334 | €26,540 | +€13,205 | +99.0% |
| Profit (loss) for the period | 9904 | €8,204 | €39,404 | +€31,199 | +380.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,204 | €39,404 | +€31,199 | +380.3% |
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.