CAO - DAO: 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.
CAO - DAO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€23,152
down €23,152 (-79.6%), from €29,084 to €5,932
- Taxes -€6,459
down €6,459 (-82.7%), from €7,813 to €1,354
- Other operating charges +€410
up €410 (+106%), from €387 to €797
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 | €725,854 | €725,878 | +€24 | 0.0% |
| Fixed assets | 21/28 | €725,000 | €725,000 | = | 0.0% |
| Financial fixed assets | 28 | €725,000 | €725,000 | = | 0.0% |
| Current assets | 29/58 | €854 | €878 | +€24 | +2.8% |
| Amounts receivable within one year | 40/41 | €850 | €850 | = | 0.0% |
| Other amounts receivable | 41 | €850 | €850 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4 | €28 | +€24 | +600% |
| Total equity and liabilities | 10/49 | €725,854 | €725,878 | +€24 | 0.0% |
| Equity | 10/15 | €670,804 | €674,556 | +€3,752 | +0.6% |
| Contributions | 10/11 | €72,500 | €72,500 | = | 0.0% |
| Reserves | 13 | €7,250 | €7,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,250 | €7,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,250 | €7,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €591,054 | €594,806 | +€3,752 | +0.6% |
| Amounts payable | 17/49 | €55,050 | €51,322 | -€3,728 | -6.8% |
| Amounts payable within one year | 42/48 | €55,050 | €51,322 | -€3,728 | -6.8% |
| Trade debts | 44 | €1,286 | - | -€1,286 | |
| Suppliers | 440/4 | €1,286 | - | -€1,286 | |
| Taxes, remuneration and social security | 45 | €11,614 | €9,176 | -€2,438 | -21.0% |
| Taxes | 450/3 | €11,614 | €9,176 | -€2,438 | -21.0% |
| Other amounts payable | 47/48 | €42,150 | €42,146 | -€4 | 0.0% |
| Other operating charges | 640/8 | €387 | €797 | +€410 | +106% |
| Gross operating margin | 9900 | €29,084 | €5,932 | -€23,152 | -79.6% |
| Operating profit (loss) | 9901 | €28,697 | €5,135 | -€23,562 | -82.1% |
| Financial charges | 65/66B | €24 | €29 | +€5 | +20.8% |
| Recurring financial charges | 65 | €24 | €29 | +€5 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €28,673 | €5,106 | -€23,567 | -82.2% |
| Income taxes | 67/77 | €7,813 | €1,354 | -€6,459 | -82.7% |
| Profit (loss) for the period | 9904 | €20,860 | €3,752 | -€17,108 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,860 | €3,752 | -€17,108 | -82.0% |
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 22 October 2026 via checked.be.