BO DARE: 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.
BO DARE
Largest movements
- Receivables within one year -€40,506
down €40,506 (-36.5%), from €111,059 to €70,553
of which Trade receivables: -€47,121
- Cash -€8,471
down €8,471 (-32.0%), from €26,467 to €17,996
mainly Advances received (-€67,421) and Investment in fixed assets (net) (-€4,233)
- Advances received -€67,421
no longer reported in 2025 (was €67,421)
- Profit (loss) carried forward +€17,788
up €17,788 (+78.7%), from €22,598 to €40,386
- Trade debts +€5,172
up €5,172 (+21.4%), from €24,217 to €29,389
- Gross operating margin -€14,648
down €14,648 (-32.9%), from €44,518 to €29,870
- Taxes -€5,947
down €5,947 (-48.8%), from €12,176 to €6,229
- Depreciation +€846
up €846 (+32.8%), from €2,581 to €3,427
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 | €148,446 | €101,478 | -€46,968 | -31.6% |
| Fixed assets | 21/28 | €6,589 | €7,395 | +€806 | +12.2% |
| Tangible fixed assets | 22/27 | €6,589 | €7,395 | +€806 | +12.2% |
| Plant, machinery and equipment | 23 | €3,212 | €4,310 | +€1,098 | +34.2% |
| Furniture and vehicles | 24 | €3,377 | €3,085 | -€292 | -8.6% |
| Current assets | 29/58 | €141,857 | €94,083 | -€47,774 | -33.7% |
| Stocks and contracts in progress | 3 | €4,331 | €4,548 | +€217 | +5.0% |
| Stocks | 30/36 | €4,331 | €4,548 | +€217 | +5.0% |
| Amounts receivable within one year | 40/41 | €111,059 | €70,553 | -€40,506 | -36.5% |
| Trade receivables | 40 | €56,325 | €9,204 | -€47,121 | -83.7% |
| Other amounts receivable | 41 | €54,734 | €61,349 | +€6,615 | +12.1% |
| Cash at bank and in hand | 54/58 | €26,467 | €17,996 | -€8,471 | -32.0% |
| Deferred charges and accrued income | 490/1 | - | €986 | +€986 | |
| Total equity and liabilities | 10/49 | €148,446 | €101,478 | -€46,968 | -31.6% |
| Equity | 10/15 | €43,049 | €60,837 | +€17,788 | +41.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,598 | €40,386 | +€17,788 | +78.7% |
| Amounts payable | 17/49 | €105,397 | €40,641 | -€64,756 | -61.4% |
| Amounts payable within one year | 42/48 | €104,046 | €40,641 | -€63,405 | -60.9% |
| Trade debts | 44 | €24,217 | €29,389 | +€5,172 | +21.4% |
| Suppliers | 440/4 | €24,217 | €29,389 | +€5,172 | +21.4% |
| Advances received on contracts in progress | 46 | €67,421 | - | -€67,421 | |
| Taxes, remuneration and social security | 45 | €12,408 | €11,252 | -€1,156 | -9.3% |
| Taxes | 450/3 | €12,408 | €11,252 | -€1,156 | -9.3% |
| Accrued charges and deferred income | 492/3 | €1,351 | - | -€1,351 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,581 | €3,427 | +€846 | +32.8% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Non-recurring operating charges | 66A | €1,280 | €1,157 | -€123 | -9.6% |
| Gross operating margin | 9900 | €44,518 | €29,870 | -€14,648 | -32.9% |
| Operating profit (loss) | 9901 | €40,270 | €24,886 | -€15,384 | -38.2% |
| Financial charges | 65/66B | €1,169 | €869 | -€300 | -25.7% |
| Recurring financial charges | 65 | €1,169 | €869 | -€300 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €39,101 | €24,017 | -€15,084 | -38.6% |
| Income taxes | 67/77 | €12,176 | €6,229 | -€5,947 | -48.8% |
| Profit (loss) for the period | 9904 | €26,925 | €17,788 | -€9,137 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,925 | €17,788 | -€9,137 | -33.9% |
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 23 October 2026 via checked.be.