DA-HOLDING: 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.
DA-HOLDING
Largest movements
- Financial fixed assets +€3.4m
up €3.4m (+149%), from €2.3m to €5.7m
- Cash +€321,350
up €321,350 (+580%), from €55,396 to €376,746
mainly Net result for the year (+€2.3m) and Debts after one year (+€1.8m)
- Receivables within one year +€149,087
up €149,087 (+1,159%), from €12,867 to €161,954
- Profit (loss) carried forward +€1.9m
up €1.9m (+228%), from €852,310 to €2.8m
- Debts after one year +€1.8m
up €1.8m (+558%), from €314,286 to €2.1m
- Current portion of long-term debt +€330,922
up €330,922 (+105%), from €314,286 to €645,208
- Other debts -€139,241
down €139,241 (-18.9%), from €737,024 to €597,783
- Financial income +€2.1m
new in 2025: €2.1m
- Gross operating margin +€269,762
up €269,762 (+1,544%), from €17,472 to €287,234
- Financial charges +€16,162
up €16,162 (+102%), from €15,808 to €31,969
- Taxes +€13,280
new in 2025: €13,280
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 | €2,367,063 | €6,266,001 | +€3.9m | +165% |
| Fixed assets | 21/28 | €2,298,800 | €5,727,300 | +€3.4m | +149% |
| Financial fixed assets | 28 | €2,298,800 | €5,727,300 | +€3.4m | +149% |
| Current assets | 29/58 | €68,263 | €538,701 | +€470,438 | +689% |
| Amounts receivable within one year | 40/41 | €12,867 | €161,954 | +€149,087 | +1,159% |
| Other amounts receivable | 41 | €12,867 | €161,954 | +€149,087 | +1,159% |
| Cash at bank and in hand | 54/58 | €55,396 | €376,746 | +€321,350 | +580% |
| Total equity and liabilities | 10/49 | €2,367,063 | €6,266,001 | +€3.9m | +165% |
| Equity | 10/15 | €962,310 | €2,903,092 | +€1.9m | +202% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €852,310 | €2,793,092 | +€1.9m | +228% |
| Amounts payable | 17/49 | €1,404,753 | €3,362,908 | +€2.0m | +139% |
| Amounts payable after more than one year | 17 | €314,286 | €2,069,078 | +€1.8m | +558% |
| Other amounts payable | 178/9 | €314,286 | €2,069,078 | +€1.8m | +558% |
| Amounts payable within one year | 42/48 | €1,090,467 | €1,293,830 | +€203,363 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €314,286 | €645,208 | +€330,922 | +105% |
| Trade debts | 44 | €38,553 | €37,559 | -€994 | -2.6% |
| Suppliers | 440/4 | €38,553 | €37,559 | -€994 | -2.6% |
| Taxes, remuneration and social security | 45 | €604 | €13,280 | +€12,676 | +2,099% |
| Taxes | 450/3 | €604 | €13,280 | +€12,676 | +2,099% |
| Other amounts payable | 47/48 | €737,024 | €597,783 | -€139,241 | -18.9% |
| Other operating charges | 640/8 | €1,193 | €1,203 | +€10 | +0.8% |
| Gross operating margin | 9900 | €17,472 | €287,234 | +€269,762 | +1,544% |
| Operating profit (loss) | 9901 | €16,279 | €286,031 | +€269,752 | +1,657% |
| Financial income | 75/76B | - | €2,100,000 | +€2.1m | |
| Recurring financial income | 75 | - | €2,100,000 | +€2.1m | |
| Financial charges | 65/66B | €15,808 | €31,969 | +€16,162 | +102% |
| Recurring financial charges | 65 | €15,808 | €31,969 | +€16,162 | +102% |
| Profit (loss) for the period before taxes | 9903 | €472 | €2,354,062 | +€2.4m | +498,864% |
| Income taxes | 67/77 | - | €13,280 | +€13,280 | |
| Profit (loss) for the period | 9904 | €472 | €2,340,782 | +€2.3m | +496,049% |
| Profit (loss) for the period to be appropriated | 9905 | €472 | €2,340,782 | +€2.3m | +496,049% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.