DPHI: 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.
DPHI
Largest movements
- Receivables within one year +€140,915
up €140,915 (+50.4%), from €279,605 to €420,521
of which Trade receivables: +€131,095
- Tangible fixed assets -€25,145
down €25,145 (-53.9%), from €46,687 to €21,542
of which Furniture and vehicles: -€24,128
- Cash +€17,007
up €17,007 (+7.6%), from €222,372 to €239,379
mainly Trade debts (+€66,652) and Accrued charges and deferred income (+€39,626)
- Trade debts +€66,652
up €66,652 (+57.3%), from €116,302 to €182,954
- Current portion of long-term debt -€45,379
down €45,379 (-89.7%), from €50,589 to €5,210
- Accrued charges and deferred income +€39,626
up €39,626 (+20.1%), from €196,767 to €236,394
- Profit (loss) carried forward +€38,708
up €38,708 (+29.8%), from €129,992 to €168,700
- Tax, wage and social debts +€30,633
up €30,633 (+39.3%), from €78,015 to €108,648
of which Remuneration and social security: +€15,325
- Gross operating margin +€48,650
up €48,650 (+9.8%), from €497,472 to €546,121
- Staff costs +€25,591
up €25,591 (+6.1%), from €420,380 to €445,972
- Taxes +€6,727
up €6,727 (+45.0%), from €14,937 to €21,665
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 | €593,233 | €718,428 | +€125,195 | +21.1% |
| Fixed assets | 21/28 | €75,605 | €46,659 | -€28,945 | -38.3% |
| Intangible fixed assets | 21 | €28,917 | €25,117 | -€3,800 | -13.1% |
| Tangible fixed assets | 22/27 | €46,687 | €21,542 | -€25,145 | -53.9% |
| Plant, machinery and equipment | 23 | €1,017 | - | -€1,017 | |
| Furniture and vehicles | 24 | €45,670 | €21,542 | -€24,128 | -52.8% |
| Current assets | 29/58 | €517,628 | €671,769 | +€154,140 | +29.8% |
| Amounts receivable within one year | 40/41 | €279,605 | €420,521 | +€140,915 | +50.4% |
| Trade receivables | 40 | €277,505 | €408,600 | +€131,095 | +47.2% |
| Other amounts receivable | 41 | €2,100 | €11,920 | +€9,820 | +467.5% |
| Cash at bank and in hand | 54/58 | €222,372 | €239,379 | +€17,007 | +7.6% |
| Deferred charges and accrued income | 490/1 | €15,651 | €11,869 | -€3,782 | -24.2% |
| Total equity and liabilities | 10/49 | €593,233 | €718,428 | +€125,195 | +21.1% |
| Equity | 10/15 | €138,052 | €176,760 | +€38,708 | +28.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,992 | €168,700 | +€38,708 | +29.8% |
| Amounts payable | 17/49 | €455,181 | €541,668 | +€86,487 | +19.0% |
| Amounts payable after more than one year | 17 | €13,426 | €8,216 | -€5,210 | -38.8% |
| Financial debts | 170/4 | €13,426 | €8,216 | -€5,210 | -38.8% |
| Amounts payable within one year | 42/48 | €244,987 | €297,058 | +€52,071 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €50,589 | €5,210 | -€45,379 | -89.7% |
| Trade debts | 44 | €116,302 | €182,954 | +€66,652 | +57.3% |
| Suppliers | 440/4 | €116,302 | €182,954 | +€66,652 | +57.3% |
| Taxes, remuneration and social security | 45 | €78,015 | €108,648 | +€30,633 | +39.3% |
| Taxes | 450/3 | €38,305 | €53,612 | +€15,307 | +40.0% |
| Remuneration and social security | 454/9 | €39,711 | €55,036 | +€15,325 | +38.6% |
| Other amounts payable | 47/48 | €81 | €246 | +€165 | +205.3% |
| Accrued charges and deferred income | 492/3 | €196,767 | €236,394 | +€39,626 | +20.1% |
| Remuneration, social security and pensions | 62 | €420,380 | €445,972 | +€25,591 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,091 | €28,945 | -€2,146 | -6.9% |
| Other operating charges | 640/8 | €9,162 | €5,644 | -€3,518 | -38.4% |
| Gross operating margin | 9900 | €497,472 | €546,121 | +€48,650 | +9.8% |
| Operating profit (loss) | 9901 | €36,839 | €65,561 | +€28,722 | +78.0% |
| Financial income | 75/76B | €353 | €21 | -€332 | -94.1% |
| Recurring financial income | 75 | €353 | €21 | -€332 | -94.1% |
| Financial charges | 65/66B | €3,567 | €5,209 | +€1,642 | +46.0% |
| Recurring financial charges | 65 | €3,567 | €5,209 | +€1,642 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €33,625 | €60,373 | +€26,748 | +79.5% |
| Income taxes | 67/77 | €14,937 | €21,665 | +€6,727 | +45.0% |
| Profit (loss) for the period | 9904 | €18,687 | €38,708 | +€20,021 | +107.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,687 | €38,708 | +€20,021 | +107.1% |
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.