DA-RO: 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-RO
Largest movements
- Cash -€31,224
down €31,224 (-68.5%), from €45,575 to €14,351
mainly Net result for the year (-€44,612) and Investment in fixed assets (net) (-€13,419)
- Tangible fixed assets -€14,611
down €14,611 (-25.5%), from €57,248 to €42,637
of which Furniture and vehicles: -€12,425
- Receivables within one year -€5,576
down €5,576 (-26.6%), from €20,986 to €15,411
of which Trade receivables: -€11,169
- Stocks and contracts +€4,461
up €4,461 (+9.6%), from €46,577 to €51,039
- Profit (loss) carried forward -€44,612
down €44,612, from €20,420 to -€24,192
- Trade debts +€17,541
up €17,541 (+163.3%), from €10,742 to €28,283
- Accrued charges and deferred income -€9,459
down €9,459 (-69.4%), from €13,626 to €4,167
- Debts after one year -€5,204
down €5,204 (-85.4%), from €6,096 to €892
- Advances received -€3,797
down €3,797 (-100.0%), from €3,797 to €0
- Gross operating margin -€58,228
down €58,228, from €45,686 to -€12,543
- Taxes -€5,212
down €5,212 (-85.5%), from €6,094 to €881
- Depreciation +€693
up €693 (+2.4%), from €28,624 to €29,317
- Financial charges -€460
down €460 (-34.1%), from €1,349 to €889
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.
Cash bridge derived
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 | €173,889 | €125,653 | -€48,236 | -27.7% |
| Fixed assets | 21/28 | €60,750 | €44,852 | -€15,898 | -26.2% |
| Intangible fixed assets | 21 | €2,842 | €1,405 | -€1,436 | -50.5% |
| Tangible fixed assets | 22/27 | €57,248 | €42,637 | -€14,611 | -25.5% |
| Plant, machinery and equipment | 23 | €8,881 | €6,695 | -€2,186 | -24.6% |
| Furniture and vehicles | 24 | €48,367 | €35,942 | -€12,425 | -25.7% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €660 | €810 | +€150 | +22.7% |
| Current assets | 29/58 | €113,139 | €80,801 | -€32,338 | -28.6% |
| Stocks and contracts in progress | 3 | €46,577 | €51,039 | +€4,461 | +9.6% |
| Stocks | 30/36 | €46,577 | €51,039 | +€4,461 | +9.6% |
| Amounts receivable within one year | 40/41 | €20,986 | €15,411 | -€5,576 | -26.6% |
| Trade receivables | 40 | €16,580 | €5,411 | -€11,169 | -67.4% |
| Other amounts receivable | 41 | €4,406 | €10,000 | +€5,594 | +126.9% |
| Cash at bank and in hand | 54/58 | €45,575 | €14,351 | -€31,224 | -68.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €173,889 | €125,653 | -€48,236 | -27.7% |
| Equity | 10/15 | €96,962 | €52,351 | -€44,612 | -46.0% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €62,542 | €62,542 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €60,442 | €60,442 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,420 | -€24,192 | -€44,612 | |
| Amounts payable | 17/49 | €76,927 | €73,302 | -€3,624 | -4.7% |
| Amounts payable after more than one year | 17 | €6,096 | €892 | -€5,204 | -85.4% |
| Financial debts | 170/4 | €6,096 | €892 | -€5,204 | -85.4% |
| Amounts payable within one year | 42/48 | €57,205 | €68,243 | +€11,038 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €7,081 | €5,204 | -€1,877 | -26.5% |
| Trade debts | 44 | €10,742 | €28,283 | +€17,541 | +163.3% |
| Suppliers | 440/4 | €10,742 | €28,283 | +€17,541 | +163.3% |
| Advances received on contracts in progress | 46 | €3,797 | €0 | -€3,797 | -100.0% |
| Taxes, remuneration and social security | 45 | €988 | €3,845 | +€2,857 | +289.1% |
| Taxes | 450/3 | €988 | €3,845 | +€2,857 | +289.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €34,596 | €30,911 | -€3,685 | -10.7% |
| Accrued charges and deferred income | 492/3 | €13,626 | €4,167 | -€9,459 | -69.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,624 | €29,317 | +€693 | +2.4% |
| Other operating charges | 640/8 | €561 | €570 | +€9 | +1.6% |
| Non-recurring operating charges | 66A | €3,360 | €786 | -€2,575 | -76.6% |
| Gross operating margin | 9900 | €45,686 | -€12,543 | -€58,228 | |
| Operating profit (loss) | 9901 | €13,139 | -€43,216 | -€56,356 | |
| Financial income | 75/76B | €94 | €375 | +€281 | +298.4% |
| Recurring financial income | 75 | €94 | €375 | +€281 | +298.4% |
| Financial charges | 65/66B | €1,349 | €889 | -€460 | -34.1% |
| Recurring financial charges | 65 | €1,349 | €889 | -€460 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €11,884 | -€43,730 | -€55,615 | |
| Income taxes | 67/77 | €6,094 | €881 | -€5,212 | -85.5% |
| Profit (loss) for the period | 9904 | €5,791 | -€44,612 | -€50,402 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,791 | -€44,612 | -€50,402 |
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 9 October 2026 via checked.be.