DAB Management: 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.
DAB Management
Largest movements
- Current investments +€105,069
up €105,069 (+30.5%), from €344,377 to €449,446
- Cash +€51,532
up €51,532 (+50.9%), from €101,330 to €152,862
mainly Net result for the year (+€122,570) and Receivables within one year (+€39,026)
- Receivables within one year -€39,026
down €39,026 (-58.8%), from €66,404 to €27,378
- Tangible fixed assets -€6,842
down €6,842 (-15.3%), from €44,757 to €37,916
- Reserves +€89,270
up €89,270 (+17.8%), from €501,356 to €590,627
- Tax, wage and social debts +€23,754
up €23,754 (+64.8%), from €36,661 to €60,415
- Gross operating margin +€4,987
up €4,987 (+2.8%), from €175,120 to €180,108
- Taxes +€3,890
up €3,890 (+8.0%), from €48,558 to €52,448
- Depreciation +€2,653
up €2,653 (+30.3%), from €8,746 to €11,400
- Financial income +€2,083
up €2,083 (+27.1%), from €7,695 to €9,779
of which Non-recurring financial income: +€1,412
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 | €558,966 | €669,839 | +€110,873 | +19.8% |
| Fixed assets | 21/28 | €44,802 | €37,961 | -€6,842 | -15.3% |
| Tangible fixed assets | 22/27 | €44,757 | €37,916 | -€6,842 | -15.3% |
| Furniture and vehicles | 24 | €44,757 | €37,916 | -€6,842 | -15.3% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €514,164 | €631,878 | +€117,715 | +22.9% |
| Amounts receivable within one year | 40/41 | €66,404 | €27,378 | -€39,026 | -58.8% |
| Trade receivables | 40 | €66,404 | €27,378 | -€39,026 | -58.8% |
| Current investments | 50/53 | €344,377 | €449,446 | +€105,069 | +30.5% |
| Cash at bank and in hand | 54/58 | €101,330 | €152,862 | +€51,532 | +50.9% |
| Deferred charges and accrued income | 490/1 | €2,053 | €2,193 | +€140 | +6.8% |
| Total equity and liabilities | 10/49 | €558,966 | €669,839 | +€110,873 | +19.8% |
| Equity | 10/15 | €513,756 | €603,027 | +€89,270 | +17.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €501,356 | €590,627 | +€89,270 | +17.8% |
| Distributable reserves | 133 | €501,356 | €590,627 | +€89,270 | +17.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,210 | €66,812 | +€21,602 | +47.8% |
| Amounts payable within one year | 42/48 | €45,144 | €66,745 | +€21,601 | +47.8% |
| Trade debts | 44 | €4,485 | €590 | -€3,895 | -86.8% |
| Suppliers | 440/4 | €4,485 | €590 | -€3,895 | -86.8% |
| Taxes, remuneration and social security | 45 | €36,661 | €60,415 | +€23,754 | +64.8% |
| Taxes | 450/3 | €36,661 | €60,415 | +€23,754 | +64.8% |
| Other amounts payable | 47/48 | €3,998 | €5,740 | +€1,741 | +43.6% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,746 | €11,400 | +€2,653 | +30.3% |
| Other operating charges | 640/8 | €3,389 | €1,849 | -€1,540 | -45.4% |
| Gross operating margin | 9900 | €175,120 | €180,108 | +€4,987 | +2.8% |
| Operating profit (loss) | 9901 | €162,986 | €166,859 | +€3,874 | +2.4% |
| Financial income | 75/76B | €7,695 | €9,779 | +€2,083 | +27.1% |
| Recurring financial income | 75 | €7,695 | €8,366 | +€671 | +8.7% |
| Non-recurring financial income | 76B | - | €1,412 | +€1,412 | |
| Financial charges | 65/66B | €99 | €1,620 | +€1,521 | +1537.7% |
| Recurring financial charges | 65 | €99 | €1,620 | +€1,521 | +1537.7% |
| Profit (loss) for the period before taxes | 9903 | €170,582 | €175,018 | +€4,436 | +2.6% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €48,558 | €52,448 | +€3,890 | +8.0% |
| Profit (loss) for the period | 9904 | €122,024 | €122,570 | +€546 | +0.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €122,024 | €122,570 | +€546 | +0.4% |
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 3 October 2026 via checked.be.