DAAD: what changed
Two fiscal 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.
DAAD
Largest movements
- Receivables within one year +€22,718
up €22,718 (+35.8%), from €63,494 to €86,212
of which Trade receivables: +€22,587
- Reserves +€38,518
up €38,518 (+59.8%), from €64,404 to €102,923
- Tax, wage and social debts -€13,354
down €13,354 (-71.3%), from €18,736 to €5,382
- Accrued charges and deferred income -€3,749
down €3,749 (-79.3%), from €4,725 to €976
- Other debts +€1,439
up €1,439 (+10.7%), from €13,504 to €14,943
- Gross operating margin -€30,243
down €30,243 (-33.9%), from €89,216 to €58,973
- Taxes -€3,354
down €3,354 (-17.9%), from €18,736 to €15,382
- Depreciation -€2,536
down €2,536 (-76.2%), from €3,329 to €792
- Financial charges +€1,161
up €1,161 (+306.2%), from €379 to €1,541
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 | €104,425 | €126,204 | +€21,780 | +20.9% |
| Fixed assets | 21/28 | €1,072 | €279 | -€792 | -73.9% |
| Tangible fixed assets | 22/27 | €1,072 | €279 | -€792 | -73.9% |
| Furniture and vehicles | 24 | €1,072 | €279 | -€792 | -73.9% |
| Current assets | 29/58 | €103,353 | €125,925 | +€22,572 | +21.8% |
| Amounts receivable within one year | 40/41 | €63,494 | €86,212 | +€22,718 | +35.8% |
| Trade receivables | 40 | €63,494 | €86,081 | +€22,587 | +35.6% |
| Other amounts receivable | 41 | - | €131 | +€131 | |
| Cash at bank and in hand | 54/58 | €39,859 | €39,713 | -€146 | -0.4% |
| Total equity and liabilities | 10/49 | €104,425 | €126,204 | +€21,780 | +20.9% |
| Equity | 10/15 | €65,404 | €103,923 | +€38,518 | +58.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €64,404 | €102,923 | +€38,518 | +59.8% |
| Distributable reserves | 133 | €64,404 | €102,923 | +€38,518 | +59.8% |
| Amounts payable | 17/49 | €39,021 | €22,282 | -€16,739 | -42.9% |
| Amounts payable within one year | 42/48 | €34,296 | €21,305 | -€12,990 | -37.9% |
| Trade debts | 44 | €2,055 | €980 | -€1,075 | -52.3% |
| Suppliers | 440/4 | €2,055 | €980 | -€1,075 | -52.3% |
| Taxes, remuneration and social security | 45 | €18,736 | €5,382 | -€13,354 | -71.3% |
| Taxes | 450/3 | €18,736 | €5,382 | -€13,354 | -71.3% |
| Other amounts payable | 47/48 | €13,504 | €14,943 | +€1,439 | +10.7% |
| Accrued charges and deferred income | 492/3 | €4,725 | €976 | -€3,749 | -79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,329 | €792 | -€2,536 | -76.2% |
| Other operating charges | 640/8 | €1,002 | €1,073 | +€72 | +7.1% |
| Gross operating margin | 9900 | €89,216 | €58,973 | -€30,243 | -33.9% |
| Operating profit (loss) | 9901 | €84,885 | €57,107 | -€27,778 | -32.7% |
| Financial income | 75/76B | €300 | - | -€300 | |
| Recurring financial income | 75 | €300 | - | -€300 | |
| Financial charges | 65/66B | €379 | €1,541 | +€1,161 | +306.2% |
| Recurring financial charges | 65 | €379 | €1,541 | +€1,161 | +306.2% |
| Profit (loss) for the period before taxes | 9903 | €84,806 | €55,566 | -€29,240 | -34.5% |
| Income taxes | 67/77 | €18,736 | €15,382 | -€3,354 | -17.9% |
| Profit (loss) for the period | 9904 | €66,070 | €40,184 | -€25,886 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,070 | €40,184 | -€25,886 | -39.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.