DPN Belgium: 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.
DPN Belgium
Largest movements
- Tangible fixed assets +€28,654
up €28,654 (+19.1%), from €149,811 to €178,466
of which Furniture and vehicles: +€57,433
- Deferred charges and accrued income +€8,507
new in 2025: €8,507
- Cash -€8,077
down €8,077 (-27.2%), from €29,717 to €21,640
mainly Contributions, distributions and other (-€150,000) and Investment in fixed assets (net) (-€81,645)
- Receivables within one year +€7,671
up €7,671 (+1.7%), from €449,479 to €457,150
of which Other amounts receivable: +€21,000
- Trade debts +€52,733
up €52,733 (+88.2%), from €59,755 to €112,489
- Tax, wage and social debts -€19,121
down €19,121 (-10.9%), from €176,125 to €157,005
of which Taxes: -€15,090
- Profit (loss) carried forward -€12,378
down €12,378 (-23.8%), from €52,109 to €39,731
- Current portion of long-term debt +€11,031
up €11,031 (+18.4%), from €59,939 to €70,970
- Gross operating margin -€177,779
down €177,779 (-24.3%), from €731,468 to €553,689
- Staff costs -€54,201
down €54,201 (-14.8%), from €365,331 to €311,130
- Taxes -€29,687
down €29,687 (-42.7%), from €69,597 to €39,910
- Depreciation +€8,108
up €8,108 (+18.1%), from €44,883 to €52,991
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 | €664,136 | €694,931 | +€30,795 | +4.6% |
| Fixed assets | 21/28 | €150,171 | €178,826 | +€28,654 | +19.1% |
| Tangible fixed assets | 22/27 | €149,811 | €178,466 | +€28,654 | +19.1% |
| Plant, machinery and equipment | 23 | €102,438 | €73,660 | -€28,778 | -28.1% |
| Furniture and vehicles | 24 | €47,373 | €104,806 | +€57,433 | +121% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €513,965 | €516,105 | +€2,140 | +0.4% |
| Amounts receivable after more than one year | 29 | €3,900 | €3,900 | = | 0.0% |
| Other amounts receivable | 291 | €3,900 | €3,900 | = | 0.0% |
| Stocks and contracts in progress | 3 | €30,869 | €24,909 | -€5,960 | -19.3% |
| Stocks | 30/36 | €30,869 | €24,909 | -€5,960 | -19.3% |
| Amounts receivable within one year | 40/41 | €449,479 | €457,150 | +€7,671 | +1.7% |
| Trade receivables | 40 | €399,479 | €386,150 | -€13,329 | -3.3% |
| Other amounts receivable | 41 | €50,000 | €71,000 | +€21,000 | +42.0% |
| Cash at bank and in hand | 54/58 | €29,717 | €21,640 | -€8,077 | -27.2% |
| Deferred charges and accrued income | 490/1 | - | €8,507 | +€8,507 | |
| Total equity and liabilities | 10/49 | €664,136 | €694,931 | +€30,795 | +4.6% |
| Equity | 10/15 | €194,673 | €182,295 | -€12,378 | -6.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €122,564 | €122,564 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Tax-exempt reserves | 132 | €564 | €564 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €122,000 | +€2,000 | +1.7% |
| Profit (loss) carried forward | 14 | €52,109 | €39,731 | -€12,378 | -23.8% |
| Amounts payable | 17/49 | €469,464 | €512,637 | +€43,173 | +9.2% |
| Amounts payable after more than one year | 17 | €63,851 | €57,243 | -€6,608 | -10.3% |
| Financial debts | 170/4 | €63,851 | €57,243 | -€6,608 | -10.3% |
| Amounts payable within one year | 42/48 | €405,613 | €455,394 | +€49,781 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €59,939 | €70,970 | +€11,031 | +18.4% |
| Trade debts | 44 | €59,755 | €112,489 | +€52,733 | +88.2% |
| Suppliers | 440/4 | €59,755 | €112,489 | +€52,733 | +88.2% |
| Taxes, remuneration and social security | 45 | €176,125 | €157,005 | -€19,121 | -10.9% |
| Taxes | 450/3 | €133,098 | €118,008 | -€15,090 | -11.3% |
| Remuneration and social security | 454/9 | €43,028 | €38,997 | -€4,031 | -9.4% |
| Other amounts payable | 47/48 | €109,794 | €114,931 | +€5,137 | +4.7% |
| Non-recurring operating income | 76A | €18,000 | - | -€18,000 | |
| Remuneration, social security and pensions | 62 | €365,331 | €311,130 | -€54,201 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,883 | €52,991 | +€8,108 | +18.1% |
| Other operating charges | 640/8 | €2,436 | €2,037 | -€399 | -16.4% |
| Non-recurring operating charges | 66A | €8,765 | - | -€8,765 | |
| Gross operating margin | 9900 | €731,468 | €553,689 | -€177,779 | -24.3% |
| Operating profit (loss) | 9901 | €310,053 | €187,531 | -€122,522 | -39.5% |
| Financial income | 75/76B | €45 | €1 | -€44 | -98.3% |
| Recurring financial income | 75 | €45 | €1 | -€44 | -98.3% |
| Non-recurring financial income | 76B | €45 | €1 | -€44 | -98.3% |
| Financial charges | 65/66B | €10,196 | €10,001 | -€196 | -1.9% |
| Recurring financial charges | 65 | €6,996 | €7,475 | +€479 | +6.8% |
| Non-recurring financial charges | 66B | €3,200 | €2,526 | -€675 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €299,902 | €177,532 | -€122,371 | -40.8% |
| Income taxes | 67/77 | €69,597 | €39,910 | -€29,687 | -42.7% |
| Profit (loss) for the period | 9904 | €230,306 | €137,622 | -€92,684 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €230,306 | €137,622 | -€92,684 | -40.2% |
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 30 October 2026 via checked.be.