DAARTHOF: 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.
DAARTHOF
Largest movements
- Receivables within one year +€122,342
up €122,342 (+718%), from €17,041 to €139,383
of which Trade receivables: +€76,758
- Cash -€51,114
down €51,114 (-43.8%), from €116,790 to €65,676
mainly Receivables within one year (-€122,342) and Debts after one year (-€26,800)
- Tangible fixed assets -€33,404
down €33,404 (-19.2%), from €173,830 to €140,426
of which Land and buildings: -€19,284
- Stocks and contracts +€6,820
up €6,820 (+11.1%), from €61,295 to €68,115
- Other debts +€39,510
up €39,510 (+52.7%), from €74,949 to €114,458
- Reserves +€33,000
up €33,000 (+74.4%), from €44,360 to €77,360
- Debts after one year -€26,800
down €26,800 (-13.7%), from €196,089 to €169,288
- Contributions -€18,480
down €18,480 (-99.4%), from €18,600 to €120
- Trade debts +€11,357
up €11,357 (+107%), from €10,638 to €21,995
- Gross operating margin +€26,862
up €26,862 (+35.1%), from €76,612 to €103,473
- Depreciation +€6,660
up €6,660 (+24.9%), from €26,744 to €33,404
- Taxes +€5,440
up €5,440 (+49.3%), from €11,041 to €16,481
- Financial charges -€2,393
down €2,393 (-15.1%), from €15,897 to €13,504
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 | €380,981 | €425,625 | +€44,644 | +11.7% |
| Fixed assets | 21/28 | €183,830 | €150,426 | -€33,404 | -18.2% |
| Tangible fixed assets | 22/27 | €173,830 | €140,426 | -€33,404 | -19.2% |
| Land and buildings | 22 | €119,602 | €100,318 | -€19,284 | -16.1% |
| Plant, machinery and equipment | 23 | €15,701 | €6,251 | -€9,450 | -60.2% |
| Other tangible fixed assets | 26 | €38,528 | €33,858 | -€4,670 | -12.1% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €197,151 | €275,199 | +€78,048 | +39.6% |
| Stocks and contracts in progress | 3 | €61,295 | €68,115 | +€6,820 | +11.1% |
| Stocks | 30/36 | €61,295 | €68,115 | +€6,820 | +11.1% |
| Amounts receivable within one year | 40/41 | €17,041 | €139,383 | +€122,342 | +718% |
| Trade receivables | 40 | - | €76,758 | +€76,758 | |
| Other amounts receivable | 41 | €17,041 | €62,625 | +€45,583 | +267% |
| Cash at bank and in hand | 54/58 | €116,790 | €65,676 | -€51,114 | -43.8% |
| Deferred charges and accrued income | 490/1 | €2,025 | €2,025 | = | 0.0% |
| Total equity and liabilities | 10/49 | €380,981 | €425,625 | +€44,644 | +11.7% |
| Equity | 10/15 | €62,960 | €80,280 | +€17,320 | +27.5% |
| Contributions | 10/11 | €18,600 | €120 | -€18,480 | -99.4% |
| Reserves | 13 | €44,360 | €77,360 | +€33,000 | +74.4% |
| Distributable reserves | 133 | €44,360 | €77,360 | +€33,000 | +74.4% |
| Profit (loss) carried forward | 14 | - | €2,800 | +€2,800 | |
| Amounts payable | 17/49 | €318,021 | €345,345 | +€27,324 | +8.6% |
| Amounts payable after more than one year | 17 | €196,089 | €169,288 | -€26,800 | -13.7% |
| Financial debts | 170/4 | €196,089 | €169,288 | -€26,800 | -13.7% |
| Amounts payable within one year | 42/48 | €116,247 | €171,554 | +€55,307 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €25,700 | €26,800 | +€1,101 | +4.3% |
| Trade debts | 44 | €10,638 | €21,995 | +€11,357 | +107% |
| Suppliers | 440/4 | €10,638 | €21,995 | +€11,357 | +107% |
| Taxes, remuneration and social security | 45 | €4,960 | €8,300 | +€3,340 | +67.3% |
| Taxes | 450/3 | €4,960 | €8,300 | +€3,340 | +67.3% |
| Other amounts payable | 47/48 | €74,949 | €114,458 | +€39,510 | +52.7% |
| Accrued charges and deferred income | 492/3 | €5,685 | €4,502 | -€1,183 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,744 | €33,404 | +€6,660 | +24.9% |
| Other operating charges | 640/8 | €2,722 | €2,864 | +€142 | +5.2% |
| Gross operating margin | 9900 | €76,612 | €103,473 | +€26,862 | +35.1% |
| Operating profit (loss) | 9901 | €47,145 | €67,205 | +€20,060 | +42.5% |
| Financial income | 75/76B | €114 | €247 | +€133 | +117% |
| Recurring financial income | 75 | €114 | €247 | +€133 | +117% |
| Financial charges | 65/66B | €15,897 | €13,504 | -€2,393 | -15.1% |
| Recurring financial charges | 65 | €15,897 | €13,504 | -€2,393 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €31,362 | €53,947 | +€22,586 | +72.0% |
| Income taxes | 67/77 | €11,041 | €16,481 | +€5,440 | +49.3% |
| Profit (loss) for the period | 9904 | €20,321 | €37,466 | +€17,146 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,321 | €37,466 | +€17,146 | +84.4% |
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 26 October 2026 via checked.be.