Da-Niels: 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-Niels
Largest movements
- Receivables after one year +€250,000
new in 2025: €250,000
- Debts after one year +€311,497
up €311,497 (+22.4%), from €1.4m to €1.7m
of which Other amounts payable: +€370,000
- Other debts -€40,360
down €40,360 (-80.3%), from €50,241 to €9,881
- Trade debts -€30,949
down €30,949 (-98.0%), from €31,582 to €633
- Financial income -€19,632
down €19,632 (-39.0%), from €50,280 to €30,649
- Financial charges -€7,244
down €7,244 (-13.7%), from €52,852 to €45,608
- Gross operating margin -€1,869
down €1,869 (-8.8%), from €21,128 to €19,260
- Other operating charges -€1,109
down €1,109 (-80.9%), from €1,370 to €261
- Depreciation +€575
new in 2025: €575
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 | €1,800,464 | €2,039,375 | +€238,911 | +13.3% |
| Fixed assets | 21/28 | €1,765,000 | €1,766,503 | +€1,503 | +0.1% |
| Tangible fixed assets | 22/27 | - | €1,503 | +€1,503 | |
| Furniture and vehicles | 24 | - | €1,503 | +€1,503 | |
| Financial fixed assets | 28 | €1,765,000 | €1,765,000 | = | 0.0% |
| Current assets | 29/58 | €35,464 | €272,872 | +€237,408 | +669% |
| Amounts receivable after more than one year | 29 | - | €250,000 | +€250,000 | |
| Other amounts receivable | 291 | - | €250,000 | +€250,000 | |
| Amounts receivable within one year | 40/41 | €22,614 | €16,982 | -€5,632 | -24.9% |
| Trade receivables | 40 | €2,504 | - | -€2,504 | |
| Other amounts receivable | 41 | €20,110 | €16,982 | -€3,129 | -15.6% |
| Cash at bank and in hand | 54/58 | €12,394 | €5,404 | -€6,990 | -56.4% |
| Deferred charges and accrued income | 490/1 | €456 | €486 | +€30 | +6.6% |
| Total equity and liabilities | 10/49 | €1,800,464 | €2,039,375 | +€238,911 | +13.3% |
| Equity | 10/15 | €248,418 | €251,740 | +€3,323 | +1.3% |
| Contributions | 10/11 | €451,000 | €451,000 | = | 0.0% |
| Reserves | 13 | €296,774 | €296,774 | = | 0.0% |
| Distributable reserves | 133 | €296,774 | €296,774 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€499,356 | -€496,033 | +€3,323 | +0.7% |
| Amounts payable | 17/49 | €1,552,046 | €1,787,635 | +€235,589 | +15.2% |
| Amounts payable after more than one year | 17 | €1,392,267 | €1,703,763 | +€311,497 | +22.4% |
| Financial debts | 170/4 | €177,267 | €118,763 | -€58,503 | -33.0% |
| Other amounts payable | 178/9 | €1,215,000 | €1,585,000 | +€370,000 | +30.5% |
| Amounts payable within one year | 42/48 | €158,780 | €82,872 | -€75,908 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €57,925 | €58,503 | +€578 | +1.0% |
| Trade debts | 44 | €31,582 | €633 | -€30,949 | -98.0% |
| Suppliers | 440/4 | €31,582 | €633 | -€30,949 | -98.0% |
| Taxes, remuneration and social security | 45 | €19,032 | €13,855 | -€5,177 | -27.2% |
| Taxes | 450/3 | €19,032 | €13,855 | -€5,177 | -27.2% |
| Other amounts payable | 47/48 | €50,241 | €9,881 | -€40,360 | -80.3% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €575 | +€575 | |
| Other operating charges | 640/8 | €1,370 | €261 | -€1,109 | -80.9% |
| Gross operating margin | 9900 | €21,128 | €19,260 | -€1,869 | -8.8% |
| Operating profit (loss) | 9901 | €19,759 | €18,423 | -€1,335 | -6.8% |
| Financial income | 75/76B | €50,280 | €30,649 | -€19,632 | -39.0% |
| Recurring financial income | 75 | €50,280 | €30,649 | -€19,632 | -39.0% |
| Financial charges | 65/66B | €52,852 | €45,608 | -€7,244 | -13.7% |
| Recurring financial charges | 65 | €52,852 | €45,608 | -€7,244 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €17,187 | €3,464 | -€13,724 | -79.8% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €17,048 | €3,323 | -€13,725 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,048 | €3,323 | -€13,725 | -80.5% |
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 18 October 2026 via checked.be.