DAAN RAMAN: 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.
DAAN RAMAN
Largest movements
- Current investments +€200,000
up €200,000 (+377.4%), from €53,000 to €253,000
- Cash -€159,176
down €159,176 (-40.1%), from €397,148 to €237,972
mainly Current investments (-€200,000) and Receivables within one year (-€82,892)
- Receivables within one year +€82,892
up €82,892 (+12.2%), from €678,772 to €761,664
of which Other amounts receivable: +€66,113
- Tangible fixed assets -€30,133
down €30,133 (-5.8%), from €519,291 to €489,159
of which Furniture and vehicles: -€16,838
- Profit (loss) carried forward +€195,903
up €195,903 (+49.1%), from €398,670 to €594,572
- Tax, wage and social debts -€61,080
down €61,080 (-40.8%), from €149,739 to €88,659
of which Taxes: -€61,080
- Debts after one year -€31,314
down €31,314 (-9.7%), from €322,548 to €291,234
- Gross operating margin -€83,627
down €83,627 (-18.3%), from €457,640 to €374,013
- Taxes -€22,713
down €22,713 (-27.6%), from €82,191 to €59,478
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 | €1,673,544 | €1,763,826 | +€90,282 | +5.4% |
| Fixed assets | 21/28 | €519,441 | €489,309 | -€30,133 | -5.8% |
| Tangible fixed assets | 22/27 | €519,291 | €489,159 | -€30,133 | -5.8% |
| Land and buildings | 22 | €461,328 | €448,033 | -€13,295 | -2.9% |
| Furniture and vehicles | 24 | €57,963 | €41,125 | -€16,838 | -29.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €1,154,103 | €1,274,518 | +€120,415 | +10.4% |
| Amounts receivable within one year | 40/41 | €678,772 | €761,664 | +€82,892 | +12.2% |
| Trade receivables | 40 | €8,954 | €25,733 | +€16,779 | +187.4% |
| Other amounts receivable | 41 | €669,818 | €735,931 | +€66,113 | +9.9% |
| Current investments | 50/53 | €53,000 | €253,000 | +€200,000 | +377.4% |
| Cash at bank and in hand | 54/58 | €397,148 | €237,972 | -€159,176 | -40.1% |
| Deferred charges and accrued income | 490/1 | €25,183 | €21,882 | -€3,301 | -13.1% |
| Total equity and liabilities | 10/49 | €1,673,544 | €1,763,826 | +€90,282 | +5.4% |
| Equity | 10/15 | €449,130 | €645,032 | +€195,903 | +43.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Distributable reserves | 133 | €31,860 | €31,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €398,670 | €594,572 | +€195,903 | +49.1% |
| Amounts payable | 17/49 | €1,224,415 | €1,118,794 | -€105,621 | -8.6% |
| Amounts payable after more than one year | 17 | €322,548 | €291,234 | -€31,314 | -9.7% |
| Financial debts | 170/4 | €322,548 | €291,234 | -€31,314 | -9.7% |
| Amounts payable within one year | 42/48 | €898,987 | €824,023 | -€74,964 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €32,438 | €32,834 | +€396 | +1.2% |
| Financial debts | 43 | €108 | €117 | +€9 | +8.1% |
| Credit institutions | 430/8 | €108 | €117 | +€9 | +8.1% |
| Trade debts | 44 | €1,580 | €251 | -€1,329 | -84.1% |
| Suppliers | 440/4 | €1,580 | €251 | -€1,329 | -84.1% |
| Taxes, remuneration and social security | 45 | €149,739 | €88,659 | -€61,080 | -40.8% |
| Taxes | 450/3 | €146,239 | €85,159 | -€61,080 | -41.8% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 47/48 | €715,122 | €702,162 | -€12,960 | -1.8% |
| Accrued charges and deferred income | 492/3 | €2,880 | €3,537 | +€658 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,521 | €30,133 | -€388 | -1.3% |
| Other operating charges | 640/8 | €4,691 | €3,354 | -€1,336 | -28.5% |
| Gross operating margin | 9900 | €457,640 | €374,013 | -€83,627 | -18.3% |
| Operating profit (loss) | 9901 | €422,428 | €340,526 | -€81,902 | -19.4% |
| Financial income | 75/76B | €32,100 | €30,342 | -€1,759 | -5.5% |
| Recurring financial income | 75 | €32,100 | €30,342 | -€1,759 | -5.5% |
| Financial charges | 65/66B | €111,593 | €115,487 | +€3,895 | +3.5% |
| Recurring financial charges | 65 | €111,593 | €115,487 | +€3,895 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €342,936 | €255,380 | -€87,555 | -25.5% |
| Income taxes | 67/77 | €82,191 | €59,478 | -€22,713 | -27.6% |
| Profit (loss) for the period | 9904 | €260,745 | €195,903 | -€64,843 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €260,745 | €195,903 | -€64,843 | -24.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.