D.A.R.E.S: 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.
D.A.R.E.S
Largest movements
- Cash -€29,962
down €29,962 (-54.2%), from €55,326 to €25,364
mainly Receivables after one year (-€25,000) and Other debts (-€18,028)
- Receivables after one year +€25,000
new in 2025: €25,000
- Debts after one year +€20,000
up €20,000 (+100%), from €20,000 to €40,000
- Other debts -€18,028
down €18,028 (-37.7%), from €47,794 to €29,766
- Profit (loss) carried forward -€8,475
down €8,475 (-58.2%), from -€14,567 to -€23,042
- Trade debts +€1,227
up €1,227 (+453%), from €271 to €1,498
- Tax, wage and social debts +€593
up €593 (+105%), from €563 to €1,156
- Gross operating margin +€4,035
up €4,035 (+47.5%), from -€8,496 to -€4,460
- Financial charges +€984
up €984 (+40.3%), from €2,439 to €3,423
- Other operating charges -€104
down €104 (-18.2%), from €569 to €465
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 | €56,560 | €51,878 | -€4,682 | -8.3% |
| Current assets | 29/58 | €56,560 | €51,878 | -€4,682 | -8.3% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | - | €165 | +€165 | |
| Trade receivables | 40 | - | €165 | +€165 | |
| Cash at bank and in hand | 54/58 | €55,326 | €25,364 | -€29,962 | -54.2% |
| Deferred charges and accrued income | 490/1 | €1,234 | €1,349 | +€115 | +9.3% |
| Total equity and liabilities | 10/49 | €56,560 | €51,878 | -€4,682 | -8.3% |
| Equity | 10/15 | -€12,067 | -€20,542 | -€8,475 | -70.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,567 | -€23,042 | -€8,475 | -58.2% |
| Amounts payable | 17/49 | €68,627 | €72,420 | +€3,793 | +5.5% |
| Amounts payable after more than one year | 17 | €20,000 | €40,000 | +€20,000 | +100% |
| Financial debts | 170/4 | €20,000 | €40,000 | +€20,000 | +100% |
| Amounts payable within one year | 42/48 | €48,627 | €32,420 | -€16,207 | -33.3% |
| Trade debts | 44 | €271 | €1,498 | +€1,227 | +453% |
| Suppliers | 440/4 | €271 | €1,498 | +€1,227 | +453% |
| Taxes, remuneration and social security | 45 | €563 | €1,156 | +€593 | +105% |
| Taxes | 450/3 | €563 | €1,156 | +€593 | +105% |
| Other amounts payable | 47/48 | €47,794 | €29,766 | -€18,028 | -37.7% |
| Other operating charges | 640/8 | €569 | €465 | -€104 | -18.2% |
| Gross operating margin | 9900 | -€8,496 | -€4,460 | +€4,035 | +47.5% |
| Operating profit (loss) | 9901 | -€9,065 | -€4,926 | +€4,139 | +45.7% |
| Financial income | 75/76B | €213 | €175 | -€37 | -17.6% |
| Recurring financial income | 75 | €213 | €175 | -€37 | -17.6% |
| Financial charges | 65/66B | €2,439 | €3,423 | +€984 | +40.3% |
| Recurring financial charges | 65 | €2,439 | €3,423 | +€984 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,291 | -€8,174 | +€3,118 | +27.6% |
| Income taxes | 67/77 | €311 | €301 | -€10 | -3.3% |
| Profit (loss) for the period | 9904 | -€11,603 | -€8,475 | +€3,128 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,603 | -€8,475 | +€3,128 | +27.0% |
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 23 October 2026 via checked.be.