DPV - FINANCE: 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.
DPV - FINANCE
Largest movements
- Current investments +€402,462
up €402,462 (+18.6%), from €2.2m to €2.6m
- Cash -€91,862
down €91,862 (-66.5%), from €138,078 to €46,215
mainly Current investments (-€402,462) and Contributions, distributions and other (-€121,400)
- Receivables within one year -€60,169
down €60,169 (-100%), from €60,169 to €0
of which Other amounts receivable: -€60,169
- Other debts +€95,899
new in 2025: €95,899
- Reserves +€91,209
up €91,209 (+4.7%), from €1.9m to €2.0m
of which Distributable reserves: +€91,209
- Financial income +€357,010
up €357,010 (+1,975%), from €18,072 to €375,082
of which Financial income: +€357,010
- Taxes +€30,142
up €30,142 (+154%), from €19,575 to €49,717
- Depreciation +€22,452
up €22,452 (+49.6%), from €45,240 to €67,692
- Financial charges +€14,821
up €14,821 (+126%), from €11,803 to €26,624
- Gross operating margin -€6,927
down €6,927 (-25.2%), from €27,484 to €20,558
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 | €3,472,731 | €3,718,056 | +€245,324 | +7.1% |
| Fixed assets | 21/28 | €1,101,785 | €1,096,011 | -€5,774 | -0.5% |
| Tangible fixed assets | 22/27 | €1,101,735 | €1,095,961 | -€5,774 | -0.5% |
| Land and buildings | 22 | €1,004,711 | €962,272 | -€42,439 | -4.2% |
| Furniture and vehicles | 24 | €74,849 | €111,514 | +€36,665 | +49.0% |
| Other tangible fixed assets | 26 | €22,174 | €22,174 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €2,370,946 | €2,622,045 | +€251,099 | +10.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €60,169 | €0 | -€60,169 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €60,169 | €0 | -€60,169 | -100% |
| Current investments | 50/53 | €2,168,108 | €2,570,570 | +€402,462 | +18.6% |
| Cash at bank and in hand | 54/58 | €138,078 | €46,215 | -€91,862 | -66.5% |
| Deferred charges and accrued income | 490/1 | €4,591 | €5,259 | +€669 | +14.6% |
| Total equity and liabilities | 10/49 | €3,472,731 | €3,718,056 | +€245,324 | +7.1% |
| Equity | 10/15 | €2,703,271 | €2,829,748 | +€126,476 | +4.7% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €1,938,539 | €2,029,748 | +€91,209 | +4.7% |
| Non-distributable reserves | 130/1 | €70,330 | €70,330 | = | 0.0% |
| Legal reserve | 130 | €70,330 | €70,330 | = | 0.0% |
| Distributable reserves | 133 | €1,868,208 | €1,959,417 | +€91,209 | +4.9% |
| Profit (loss) carried forward | 14 | -€35,267 | €0 | +€35,267 | |
| Amounts payable | 17/49 | €769,460 | €888,308 | +€118,848 | +15.4% |
| Amounts payable after more than one year | 17 | €750,000 | €750,000 | = | 0.0% |
| Financial debts | 170/4 | €750,000 | €750,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,995 | €130,002 | +€113,007 | +665% |
| Trade debts | 44 | €1,578 | €3,834 | +€2,256 | +143% |
| Suppliers | 440/4 | €1,578 | €3,834 | +€2,256 | +143% |
| Taxes, remuneration and social security | 45 | €15,416 | €30,269 | +€14,852 | +96.3% |
| Taxes | 450/3 | €15,416 | €30,269 | +€14,852 | +96.3% |
| Other amounts payable | 47/48 | - | €95,899 | +€95,899 | |
| Accrued charges and deferred income | 492/3 | €2,465 | €8,306 | +€5,841 | +237% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,240 | €67,692 | +€22,452 | +49.6% |
| Other operating charges | 640/8 | €4,205 | €3,730 | -€475 | -11.3% |
| Gross operating margin | 9900 | €27,484 | €20,558 | -€6,927 | -25.2% |
| Operating profit (loss) | 9901 | -€21,961 | -€50,865 | -€28,904 | -132% |
| Financial income | 75/76B | €18,072 | €375,082 | +€357,010 | +1,975% |
| Recurring financial income | 75 | €18,072 | €375,082 | +€357,010 | +1,975% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €11,803 | €26,624 | +€14,821 | +126% |
| Recurring financial charges | 65 | €11,803 | €26,624 | +€14,821 | +126% |
| Profit (loss) for the period before taxes | 9903 | -€15,692 | €297,593 | +€313,285 | |
| Income taxes | 67/77 | €19,575 | €49,717 | +€30,142 | +154% |
| Profit (loss) for the period | 9904 | -€35,267 | €247,876 | +€283,144 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,267 | €247,876 | +€283,144 |
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 18 October 2026 via checked.be.