DPO Construct: 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.
DPO Construct
Largest movements
- Cash +€80,910
up €80,910 (+89.5%), from €90,365 to €171,275
mainly Net result for the year (+€104,579) and Tax, wage and social debts (+€17,404)
- Receivables within one year +€38,256
up €38,256 (+94.7%), from €40,412 to €78,668
of which Other amounts receivable: +€38,206
- Profit (loss) carried forward +€104,579
new in 2025: €104,579
- Tax, wage and social debts +€17,404
up €17,404 (+38.5%), from €45,162 to €62,566
- Gross operating margin +€12,517
up €12,517 (+10.4%), from €120,143 to €132,660
- Taxes -€4,060
down €4,060 (-12.3%), from €32,989 to €28,929
- Depreciation -€2,152
down €2,152 (-83.0%), from €2,593 to €440
- Financial income +€1,733
up €1,733 (+855.0%), from €203 to €1,936
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 | €131,673 | €253,831 | +€122,158 | +92.8% |
| Formation expenses | 20 | €377 | - | -€377 | |
| Fixed assets | 21/28 | - | €1,632 | +€1,632 | |
| Tangible fixed assets | 22/27 | - | €1,632 | +€1,632 | |
| Furniture and vehicles | 24 | - | €1,632 | +€1,632 | |
| Current assets | 29/58 | €131,297 | €252,200 | +€120,903 | +92.1% |
| Amounts receivable within one year | 40/41 | €40,412 | €78,668 | +€38,256 | +94.7% |
| Trade receivables | 40 | €19,965 | €20,015 | +€50 | +0.3% |
| Other amounts receivable | 41 | €20,447 | €58,653 | +€38,206 | +186.9% |
| Cash at bank and in hand | 54/58 | €90,365 | €171,275 | +€80,910 | +89.5% |
| Deferred charges and accrued income | 490/1 | €520 | €2,257 | +€1,737 | +333.8% |
| Total equity and liabilities | 10/49 | €131,673 | €253,831 | +€122,158 | +92.8% |
| Equity | 10/15 | €84,314 | €188,893 | +€104,579 | +124.0% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €84,194 | €84,194 | = | 0.0% |
| Distributable reserves | 133 | €84,194 | €84,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €104,579 | +€104,579 | |
| Amounts payable | 17/49 | €47,359 | €64,938 | +€17,579 | +37.1% |
| Amounts payable within one year | 42/48 | €45,759 | €63,333 | +€17,574 | +38.4% |
| Trade debts | 44 | €597 | €767 | +€170 | +28.6% |
| Suppliers | 440/4 | €597 | €767 | +€170 | +28.6% |
| Taxes, remuneration and social security | 45 | €45,162 | €62,566 | +€17,404 | +38.5% |
| Taxes | 450/3 | €45,162 | €62,566 | +€17,404 | +38.5% |
| Accrued charges and deferred income | 492/3 | €1,600 | €1,605 | +€5 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,593 | €440 | -€2,152 | -83.0% |
| Other operating charges | 640/8 | €493 | €593 | +€101 | +20.4% |
| Gross operating margin | 9900 | €120,143 | €132,660 | +€12,517 | +10.4% |
| Operating profit (loss) | 9901 | €117,058 | €131,626 | +€14,569 | +12.4% |
| Financial income | 75/76B | €203 | €1,936 | +€1,733 | +855.0% |
| Recurring financial income | 75 | €203 | €1,936 | +€1,733 | +855.0% |
| Financial charges | 65/66B | €77 | €54 | -€23 | -29.9% |
| Recurring financial charges | 65 | €77 | €54 | -€23 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €117,183 | €133,508 | +€16,325 | +13.9% |
| Income taxes | 67/77 | €32,989 | €28,929 | -€4,060 | -12.3% |
| Profit (loss) for the period | 9904 | €84,194 | €104,579 | +€20,384 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €84,194 | €104,579 | +€20,384 | +24.2% |
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.