Da-No: 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-No
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+823%), from €136,334 to €1.3m
of which Land and buildings: +€1.1m
- Short-term financial debts +€550,000
new in 2025: €550,000
- Debts after one year +€461,613
new in 2025: €461,613
- Other debts +€249,803
up €249,803 (+377%), from €66,293 to €316,096
- Reserves -€103,237
down €103,237 (-100%), from €103,237 to €0
- Profit (loss) carried forward -€56,526
new in 2025: -€56,526
- Depreciation +€175,753
up €175,753 (+49,203%), from €357 to €176,110
- Gross operating margin +€103,125
up €103,125 (+191%), from €54,125 to €157,250
- Financial charges +€35,002
up €35,002 (+15,688%), from €223 to €35,225
- Taxes -€10,816
down €10,816 (-100%), from €10,816 to €0
- Other operating charges +€1,885
up €1,885 (+339%), from €555 to €2,440
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 | €200,405 | €1,319,014 | +€1.1m | +558% |
| Fixed assets | 21/28 | €136,334 | €1,257,989 | +€1.1m | +823% |
| Tangible fixed assets | 22/27 | €136,334 | €1,257,989 | +€1.1m | +823% |
| Land and buildings | 22 | €136,000 | €1,255,710 | +€1.1m | +823% |
| Plant, machinery and equipment | 23 | €334 | €2,279 | +€1,945 | +583% |
| Current assets | 29/58 | €64,071 | €61,024 | -€3,047 | -4.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €59,580 | €56,761 | -€2,819 | -4.7% |
| Trade receivables | 40 | €54,600 | €47,781 | -€6,819 | -12.5% |
| Other amounts receivable | 41 | €4,980 | €8,980 | +€4,000 | +80.3% |
| Cash at bank and in hand | 54/58 | €4,491 | €1,531 | -€2,961 | -65.9% |
| Deferred charges and accrued income | 490/1 | €0 | €2,733 | +€2,733 | |
| Total equity and liabilities | 10/49 | €200,405 | €1,319,014 | +€1.1m | +558% |
| Equity | 10/15 | €108,237 | -€51,526 | -€159,762 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €103,237 | €0 | -€103,237 | -100% |
| Distributable reserves | 133 | €103,237 | €0 | -€103,237 | -100% |
| Profit (loss) carried forward | 14 | - | -€56,526 | -€56,526 | |
| Amounts payable | 17/49 | €92,168 | €1,370,539 | +€1.3m | +1,387% |
| Amounts payable after more than one year | 17 | - | €461,613 | +€461,613 | |
| Financial debts | 170/4 | - | €461,613 | +€461,613 | |
| Amounts payable within one year | 42/48 | €92,168 | €901,951 | +€809,783 | +879% |
| Current portion of amounts payable after more than one year | 42 | - | €25,829 | +€25,829 | |
| Financial debts | 43 | - | €550,000 | +€550,000 | |
| Credit institutions | 430/8 | - | €550,000 | +€550,000 | |
| Trade debts | 44 | €0 | €3,450 | +€3,450 | |
| Suppliers | 440/4 | €0 | €3,450 | +€3,450 | |
| Taxes, remuneration and social security | 45 | €25,875 | €6,577 | -€19,298 | -74.6% |
| Taxes | 450/3 | €25,875 | €6,577 | -€19,298 | -74.6% |
| Other amounts payable | 47/48 | €66,293 | €316,096 | +€249,803 | +377% |
| Accrued charges and deferred income | 492/3 | - | €6,975 | +€6,975 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €357 | €176,110 | +€175,753 | +49,203% |
| Other operating charges | 640/8 | €555 | €2,440 | +€1,885 | +339% |
| Gross operating margin | 9900 | €54,125 | €157,250 | +€103,125 | +191% |
| Operating profit (loss) | 9901 | €53,212 | -€21,300 | -€74,512 | |
| Financial income | 75/76B | €1,038 | €0 | -€1,038 | -100% |
| Recurring financial income | 75 | €1,038 | €0 | -€1,038 | -100% |
| Financial charges | 65/66B | €223 | €35,225 | +€35,002 | +15,688% |
| Recurring financial charges | 65 | €223 | €35,225 | +€35,002 | +15,688% |
| Profit (loss) for the period before taxes | 9903 | €54,027 | -€56,526 | -€110,552 | |
| Income taxes | 67/77 | €10,816 | €0 | -€10,816 | -100% |
| Profit (loss) for the period | 9904 | €43,210 | -€56,526 | -€99,736 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,210 | -€56,526 | -€99,736 |
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 24 October 2026 via checked.be.