D.A.I.: what changed
Two fiscal 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.
D.A.I.
Largest movements
- Current investments -€175,000
down €175,000 (-25.9%), from €675,000 to €500,000
- Tangible fixed assets -€116,708
down €116,708 (-3.4%), from €3.5m to €3.3m
of which Land and buildings: -€110,763
- Other debts -€366,422
down €366,422 (-37.0%), from €991,232 to €624,810
- Gross operating margin +€14,024
up €14,024 (+8.4%), from €166,484 to €180,507
- Financial income -€8,627
down €8,627 (-42.1%), from €20,495 to €11,868
- Depreciation -€6,316
down €6,316 (-5.1%), from €123,024 to €116,708
- Taxes +€2,069
up €2,069 (+19.2%), from €10,777 to €12,845
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.
Cash bridge derived
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 | €4,668,311 | €4,328,959 | -€339,352 | -7.3% |
| Fixed assets | 21/28 | €3,528,255 | €3,411,547 | -€116,708 | -3.3% |
| Tangible fixed assets | 22/27 | €3,451,589 | €3,334,881 | -€116,708 | -3.4% |
| Land and buildings | 22 | €3,125,645 | €3,014,881 | -€110,763 | -3.5% |
| Plant, machinery and equipment | 23 | €320,000 | €320,000 | = | 0.0% |
| Furniture and vehicles | 24 | €5,944 | €0 | -€5,944 | -100.0% |
| Financial fixed assets | 28 | €76,666 | €76,666 | = | 0.0% |
| Current assets | 29/58 | €1,140,056 | €917,412 | -€222,644 | -19.5% |
| Stocks and contracts in progress | 3 | €324,214 | €324,214 | = | 0.0% |
| Stocks | 30/36 | €324,214 | €324,214 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,197 | €16,037 | -€35,160 | -68.7% |
| Trade receivables | 40 | €51,197 | €14,538 | -€36,660 | -71.6% |
| Other amounts receivable | 41 | €0 | €1,500 | +€1,500 | |
| Current investments | 50/53 | €675,000 | €500,000 | -€175,000 | -25.9% |
| Cash at bank and in hand | 54/58 | €85,104 | €74,778 | -€10,326 | -12.1% |
| Deferred charges and accrued income | 490/1 | €4,541 | €2,382 | -€2,158 | -47.5% |
| Total equity and liabilities | 10/49 | €4,668,311 | €4,328,959 | -€339,352 | -7.3% |
| Equity | 10/15 | €3,668,742 | €3,701,636 | +€32,894 | +0.9% |
| Contributions | 10/11 | €2,095,000 | €2,095,000 | = | 0.0% |
| Reserves | 13 | €90,085 | €90,085 | = | 0.0% |
| Non-distributable reserves | 130/1 | €90,085 | €90,085 | = | 0.0% |
| Reserves not available under the articles | 1311 | €90,085 | €90,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,483,656 | €1,516,550 | +€32,894 | +2.2% |
| Amounts payable | 17/49 | €999,569 | €627,324 | -€372,246 | -37.2% |
| Amounts payable within one year | 42/48 | €999,569 | €627,324 | -€372,246 | -37.2% |
| Trade debts | 44 | €2,459 | €2,513 | +€54 | +2.2% |
| Suppliers | 440/4 | €2,459 | €2,513 | +€54 | +2.2% |
| Taxes, remuneration and social security | 45 | €5,878 | €0 | -€5,878 | -100.0% |
| Taxes | 450/3 | €5,878 | €0 | -€5,878 | -100.0% |
| Other amounts payable | 47/48 | €991,232 | €624,810 | -€366,422 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,024 | €116,708 | -€6,316 | -5.1% |
| Other operating charges | 640/8 | €28,606 | €29,887 | +€1,281 | +4.5% |
| Gross operating margin | 9900 | €166,484 | €180,507 | +€14,024 | +8.4% |
| Operating profit (loss) | 9901 | €14,854 | €33,913 | +€19,059 | +128.3% |
| Financial income | 75/76B | €20,495 | €11,868 | -€8,627 | -42.1% |
| Recurring financial income | 75 | €20,495 | €11,868 | -€8,627 | -42.1% |
| Financial charges | 65/66B | €139 | €41 | -€98 | -70.3% |
| Recurring financial charges | 65 | €139 | €41 | -€98 | -70.3% |
| Profit (loss) for the period before taxes | 9903 | €35,210 | €45,739 | +€10,530 | +29.9% |
| Income taxes | 67/77 | €10,777 | €12,845 | +€2,069 | +19.2% |
| Profit (loss) for the period | 9904 | €24,433 | €32,894 | +€8,461 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,433 | €32,894 | +€8,461 | +34.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.