LA DINANTAISE: 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.
What changed
LA DINANTAISE
NACE 68.202, Real estate activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€363,842
2024 · -€34,128-€329,714
Equity
€21.5m
2024 · €26.4m-€4.9m
Cash
€5.9m
2024 · €3.8m+€2.1m
Balance sheet total
€62.8m
2024 · €59.4m+€3.3m
Largest movements
Assets
- Tangible fixed assets +€5.2m
up €5.2m (+11.0%), from €47.3m to €52.5m
of which Assets under construction and advance payments: +€3.1m
- Cash +€2.1m
up €2.1m (+54.6%), from €3.8m to €5.9m
mainly Accrued charges and deferred income (+€5.4m) and Debts after one year (+€2.4m)
- Receivables within one year -€1.9m
down €1.9m (-45.1%), from €4.2m to €2.3m
of which Other amounts receivable: -€2.0m
- Receivables after one year -€957,233
down €957,233 (-38.8%), from €2.5m to €1.5m
- Stocks and contracts -€907,482
down €907,482 (-84.8%), from €1.1m to €162,783
Equity and liabilities
- Accrued charges and deferred income +€5.4m
up €5.4m (+4,929%), from €110,398 to €5.6m
- Investment grants -€4.5m
down €4.5m (-16.5%), from €27.6m to €23.0m
- Debts after one year +€2.4m
up €2.4m (+10.4%), from €22.9m to €25.3m
of which Financial debts: +€2.4m
Income statement
- Provisions +€250,000
new in 2025: €250,000
- Gross operating margin +€175,906
up €175,906 (+6.0%), from €2.9m to €3.1m
- Staff costs +€111,194
up €111,194 (+8.8%), from €1.3m to €1.4m
- Depreciation +€67,470
up €67,470 (+5.7%), from €1.2m to €1.2m
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.
Result 2024
-€34,128
Gross operating margin
+€175,906
Staff costs
-€111,194
Depreciation
-€67,470
Write-downs
-€82
Provisions
-€250,000
Other operating charges
+€8,667
Other operating items
-€128,928
Financial income
+€20,670
Financial charges
+€22,770
Taxes
-€53
Result 2025
-€363,842
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€10.4m
Investment
-€6.4m
Financing
-€1.9m
Cash 2024
€3.8m
From operations (derived)
+€10.4m
Net result for the year
-€363,842
Depreciation
+€1.2m
Receivables after one year
+€957,233
Stocks and contracts
+€907,482
Receivables within one year
+€1.9m
Deferred charges and accrued income
+€209,922
Provisions
+€247,576
Trade debts
-€49,531
Tax, wage and social debts
-€21,777
Other debts
-€7,248
Accrued charges and deferred income
+€5.4m
Investment (derived)
-€6.4m
Investment in fixed assets (net)
-€6.4m
Financing
-€1.9m
Debts after one year
+€2.4m
Current portion of long-term debt
+€163,187
Short-term financial debts
+€77,340
Contributions, distributions and other
-€4.5m
Cash 2025
€5.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,449,885 | €62,786,582 | +€3.3m | +5.6% |
| Fixed assets | 21/28 | €47,282,734 | €52,481,040 | +€5.2m | +11.0% |
| Tangible fixed assets | 22/27 | €47,279,241 | €52,477,286 | +€5.2m | +11.0% |
| Land and buildings | 22 | €42,586,124 | €44,640,471 | +€2.1m | +4.8% |
| Plant, machinery and equipment | 23 | €3,880 | €7,144 | +€3,264 | +84.1% |
| Furniture and vehicles | 24 | €8,036 | €6,758 | -€1,278 | -15.9% |
| Assets under construction and advance payments | 27 | €4,681,202 | €7,822,913 | +€3.1m | +67.1% |
| Financial fixed assets | 28 | €3,493 | €3,754 | +€261 | +7.5% |
| Current assets | 29/58 | €12,167,152 | €10,305,542 | -€1.9m | -15.3% |
| Amounts receivable after more than one year | 29 | €2,464,675 | €1,507,442 | -€957,233 | -38.8% |
| Other amounts receivable | 291 | €2,464,675 | €1,507,442 | -€957,233 | -38.8% |
| Stocks and contracts in progress | 3 | €1,070,265 | €162,783 | -€907,482 | -84.8% |
| Stocks | 30/36 | €1,070,265 | €162,783 | -€907,482 | -84.8% |
| Amounts receivable within one year | 40/41 | €4,156,586 | €2,280,823 | -€1.9m | -45.1% |
| Trade receivables | 40 | €47,264 | €214,762 | +€167,498 | +354% |
| Other amounts receivable | 41 | €4,109,321 | €2,066,061 | -€2.0m | -49.7% |
| Cash at bank and in hand | 54/58 | €3,826,554 | €5,915,345 | +€2.1m | +54.6% |
| Deferred charges and accrued income | 490/1 | €649,071 | €439,149 | -€209,922 | -32.3% |
| Total equity and liabilities | 10/49 | €59,449,885 | €62,786,582 | +€3.3m | +5.6% |
| Equity | 10/15 | €26,435,491 | €21,531,407 | -€4.9m | -18.6% |
| Contributions | 10/11 | €9,486 | €8,246 | -€1,240 | -13.1% |
| Reserves | 13 | €662,028 | €651,657 | -€10,371 | -1.6% |
| Tax-exempt reserves | 132 | €661,394 | €651,022 | -€10,372 | -1.6% |
| Distributable reserves | 133 | €635 | €635 | +€0 | +0.1% |
| Profit (loss) carried forward | 14 | -€1,809,361 | -€2,162,831 | -€353,470 | -19.5% |
| Investment grants | 15 | €27,573,338 | €23,034,335 | -€4.5m | -16.5% |
| Provisions and deferred taxes | 16 | €120,553 | €368,129 | +€247,576 | +205% |
| Provisions for liabilities and charges | 160/5 | - | €250,000 | +€250,000 | |
| Major repairs and maintenance | 162 | - | €250,000 | +€250,000 | |
| Deferred taxes | 168 | €120,553 | €118,129 | -€2,424 | -2.0% |
| Amounts payable | 17/49 | €32,893,841 | €40,887,046 | +€8.0m | +24.3% |
| Amounts payable after more than one year | 17 | €22,944,530 | €25,333,817 | +€2.4m | +10.4% |
| Financial debts | 170/4 | €22,941,804 | €25,331,970 | +€2.4m | +10.4% |
| Other amounts payable | 178/9 | €2,727 | €1,847 | -€880 | -32.3% |
| Amounts payable within one year | 42/48 | €9,838,913 | €10,000,884 | +€161,971 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €1,509,716 | €1,672,903 | +€163,187 | +10.8% |
| Financial debts | 43 | €7,511,923 | €7,589,263 | +€77,340 | +1.0% |
| Credit institutions | 430/8 | €7,511,923 | €7,589,263 | +€77,340 | +1.0% |
| Trade debts | 44 | €434,818 | €385,287 | -€49,531 | -11.4% |
| Suppliers | 440/4 | €434,818 | €385,287 | -€49,531 | -11.4% |
| Taxes, remuneration and social security | 45 | €220,104 | €198,327 | -€21,777 | -9.9% |
| Taxes | 450/3 | €68,751 | €46,303 | -€22,448 | -32.7% |
| Remuneration and social security | 454/9 | €151,352 | €152,024 | +€672 | +0.4% |
| Other amounts payable | 47/48 | €162,352 | €155,104 | -€7,248 | -4.5% |
| Accrued charges and deferred income | 492/3 | €110,398 | €5,552,345 | +€5.4m | +4,929% |
| Non-recurring operating income | 76A | €14,637 | €57,052 | +€42,415 | +290% |
| Remuneration, social security and pensions | 62 | €1,269,382 | €1,380,576 | +€111,194 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,177,435 | €1,244,905 | +€67,470 | +5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €41,903 | €41,985 | +€82 | +0.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €250,000 | +€250,000 | |
| Other operating charges | 640/8 | €294,966 | €286,299 | -€8,667 | -2.9% |
| Non-recurring operating charges | 66A | €24,331 | €153,259 | +€128,928 | +530% |
| Gross operating margin | 9900 | €2,930,867 | €3,106,773 | +€175,906 | +6.0% |
| Operating profit (loss) | 9901 | €122,850 | -€250,251 | -€373,101 | |
| Financial income | 75/76B | €495,102 | €515,772 | +€20,670 | +4.2% |
| Recurring financial income | 75 | €495,102 | €515,772 | +€20,670 | +4.2% |
| Financial charges | 65/66B | €652,080 | €629,310 | -€22,770 | -3.5% |
| Recurring financial charges | 65 | €652,080 | €629,310 | -€22,770 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€34,128 | -€363,789 | -€329,661 | -966% |
| Income taxes | 67/77 | - | €53 | +€53 | |
| Profit (loss) for the period | 9904 | -€34,128 | -€363,842 | -€329,714 | -966% |
| Transfer from tax-exempt reserves | 789 | €10,372 | €10,372 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,756 | -€353,470 | -€329,714 | -1,388% |
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 31 October 2026 via checked.be.