DA-INVEST: 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-INVEST
Largest movements
- Tangible fixed assets -€42,500
down €42,500 (-4.9%), from €865,000 to €822,500
- Cash -€11,079
down €11,079 (-82.8%), from €13,384 to €2,305
mainly Debts after one year (-€45,531) and Trade debts (-€12,492)
- Debts after one year -€45,531
down €45,531 (-5.6%), from €818,862 to €773,331
of which Financial debts: -€45,531
- Trade debts -€12,492
no longer reported in 2025 (was €12,492)
- Reserves +€9,664
up €9,664 (+2,657%), from €364 to €10,028
- Gross operating margin -€10,283
down €10,283 (-11.6%), from €88,888 to €78,606
- Financial charges -€4,821
down €4,821 (-18.4%), from €26,240 to €21,419
- Taxes +€4,340
up €4,340 (+2,557%), from €170 to €4,510
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 | €891,849 | €841,802 | -€50,046 | -5.6% |
| Fixed assets | 21/28 | €865,000 | €822,500 | -€42,500 | -4.9% |
| Tangible fixed assets | 22/27 | €865,000 | €822,500 | -€42,500 | -4.9% |
| Land and buildings | 22 | €865,000 | €822,500 | -€42,500 | -4.9% |
| Current assets | 29/58 | €26,849 | €19,302 | -€7,546 | -28.1% |
| Amounts receivable within one year | 40/41 | €13,465 | €16,997 | +€3,532 | +26.2% |
| Trade receivables | 40 | €13,465 | €16,757 | +€3,292 | +24.5% |
| Other amounts receivable | 41 | - | €240 | +€240 | |
| Cash at bank and in hand | 54/58 | €13,384 | €2,305 | -€11,079 | -82.8% |
| Total equity and liabilities | 10/49 | €891,849 | €841,802 | -€50,046 | -5.6% |
| Equity | 10/15 | €5,364 | €15,028 | +€9,664 | +180% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €364 | €10,028 | +€9,664 | +2,657% |
| Distributable reserves | 133 | €364 | €10,028 | +€9,664 | +2,657% |
| Amounts payable | 17/49 | €886,485 | €826,775 | -€59,710 | -6.7% |
| Amounts payable after more than one year | 17 | €818,862 | €773,331 | -€45,531 | -5.6% |
| Financial debts | 170/4 | €641,862 | €596,331 | -€45,531 | -7.1% |
| Other amounts payable | 178/9 | €177,000 | €177,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €61,182 | €46,771 | -€14,411 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €44,350 | €45,531 | +€1,181 | +2.7% |
| Trade debts | 44 | €12,492 | - | -€12,492 | |
| Suppliers | 440/4 | €12,492 | - | -€12,492 | |
| Taxes, remuneration and social security | 45 | €4,310 | €1,210 | -€3,100 | -71.9% |
| Taxes | 450/3 | €4,310 | €1,210 | -€3,100 | -71.9% |
| Other amounts payable | 47/48 | €30 | €30 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,442 | €6,673 | +€231 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,500 | €42,500 | = | 0.0% |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Gross operating margin | 9900 | €88,888 | €78,606 | -€10,283 | -11.6% |
| Operating profit (loss) | 9901 | €45,889 | €35,592 | -€10,296 | -22.4% |
| Financial charges | 65/66B | €26,240 | €21,419 | -€4,821 | -18.4% |
| Recurring financial charges | 65 | €26,240 | €21,419 | -€4,821 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €19,649 | €14,174 | -€5,476 | -27.9% |
| Income taxes | 67/77 | €170 | €4,510 | +€4,340 | +2,557% |
| Profit (loss) for the period | 9904 | €19,479 | €9,664 | -€9,816 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,479 | €9,664 | -€9,816 | -50.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.