VOP DAKPROJECT: 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.
VOP DAKPROJECT
Largest movements
- Receivables within one year -€44,491
down €44,491 (-52.2%), from €85,206 to €40,715
of which Trade receivables: -€27,220
- Tangible fixed assets -€8,132
down €8,132 (-34.7%), from €23,416 to €15,284
of which Furniture and vehicles: -€7,387
- Cash +€4,183
up €4,183 (+64.2%), from €6,518 to €10,701
mainly Receivables within one year (+€44,491) and Other debts (+€25,423)
- Trade debts -€69,894
down €69,894 (-97.9%), from €71,415 to €1,520
- Other debts +€25,423
up €25,423 (+499%), from €5,093 to €30,516
- Tax, wage and social debts -€3,995
down €3,995 (-94.4%), from €4,230 to €236
- Gross operating margin -€9,240
down €9,240 (-48.5%), from €19,052 to €9,812
- Taxes -€3,170
down €3,170 (-93.1%), from €3,403 to €234
- Depreciation +€1,276
up €1,276 (+18.6%), from €6,855 to €8,132
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 | €118,140 | €69,972 | -€48,168 | -40.8% |
| Fixed assets | 21/28 | €26,416 | €18,284 | -€8,132 | -30.8% |
| Tangible fixed assets | 22/27 | €23,416 | €15,284 | -€8,132 | -34.7% |
| Plant, machinery and equipment | 23 | €2,978 | €2,233 | -€744 | -25.0% |
| Furniture and vehicles | 24 | €20,438 | €13,051 | -€7,387 | -36.1% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €91,725 | €51,688 | -€40,037 | -43.6% |
| Amounts receivable within one year | 40/41 | €85,206 | €40,715 | -€44,491 | -52.2% |
| Trade receivables | 40 | €67,935 | €40,715 | -€27,220 | -40.1% |
| Other amounts receivable | 41 | €17,271 | €0 | -€17,271 | -100% |
| Cash at bank and in hand | 54/58 | €6,518 | €10,701 | +€4,183 | +64.2% |
| Deferred charges and accrued income | 490/1 | €0 | €272 | +€272 | |
| Total equity and liabilities | 10/49 | €118,140 | €69,972 | -€48,168 | -40.8% |
| Equity | 10/15 | €37,402 | €37,701 | +€298 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,802 | €19,101 | +€298 | +1.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,749 | €2,749 | = | 0.0% |
| Distributable reserves | 133 | €14,193 | €14,492 | +€298 | +2.1% |
| Amounts payable | 17/49 | €80,738 | €32,272 | -€48,466 | -60.0% |
| Amounts payable within one year | 42/48 | €80,738 | €32,272 | -€48,466 | -60.0% |
| Trade debts | 44 | €71,415 | €1,520 | -€69,894 | -97.9% |
| Suppliers | 440/4 | €71,415 | €1,520 | -€69,894 | -97.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,230 | €236 | -€3,995 | -94.4% |
| Taxes | 450/3 | €4,230 | €236 | -€3,995 | -94.4% |
| Other amounts payable | 47/48 | €5,093 | €30,516 | +€25,423 | +499% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,855 | €8,132 | +€1,276 | +18.6% |
| Other operating charges | 640/8 | €659 | €839 | +€180 | +27.3% |
| Non-recurring operating charges | 66A | €1,381 | €0 | -€1,381 | -100% |
| Gross operating margin | 9900 | €19,052 | €9,812 | -€9,240 | -48.5% |
| Operating profit (loss) | 9901 | €10,157 | €842 | -€9,315 | -91.7% |
| Financial charges | 65/66B | €396 | €310 | -€86 | -21.7% |
| Recurring financial charges | 65 | €396 | €310 | -€86 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €9,761 | €532 | -€9,229 | -94.6% |
| Income taxes | 67/77 | €3,403 | €234 | -€3,170 | -93.1% |
| Profit (loss) for the period | 9904 | €6,358 | €298 | -€6,060 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,358 | €298 | -€6,060 | -95.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.