DACAR: 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.
DACAR
Largest movements
- Receivables within one year +€337,299
up €337,299 (+70.2%), from €480,582 to €817,881
of which Other amounts receivable: +€316,994
- Deferred charges and accrued income -€19,140
down €19,140 (-100%), from €19,140 to €0
- Reserves +€225,344
up €225,344 (+103%), from €218,673 to €444,017
of which Distributable reserves: +€120,094
- Other debts +€84,517
up €84,517 (+19.4%), from €435,543 to €520,060
- Gross operating margin +€200,516
up €200,516 (+212%), from €94,466 to €294,982
- Taxes +€65,110
up €65,110 (+342%), from €19,020 to €84,130
- Depreciation -€43,470
down €43,470 (-100.0%), from €43,472 to €2
- Financial income +€26,205
up €26,205 (+326%), from €8,028 to €34,233
- Financial charges +€11,376
up €11,376 (+173%), from €6,594 to €17,970
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €679,724 | €994,071 | +€314,347 | +46.2% |
| Fixed assets | 21/28 | €145,856 | €145,854 | -€2 | 0.0% |
| Tangible fixed assets | 22/27 | €145,856 | €145,854 | -€2 | 0.0% |
| Furniture and vehicles | 24 | €145,856 | €145,854 | -€2 | 0.0% |
| Current assets | 29/58 | €533,869 | €848,218 | +€314,349 | +58.9% |
| Amounts receivable within one year | 40/41 | €480,582 | €817,881 | +€337,299 | +70.2% |
| Trade receivables | 40 | - | €20,305 | +€20,305 | |
| Other amounts receivable | 41 | €480,582 | €797,576 | +€316,994 | +66.0% |
| Cash at bank and in hand | 54/58 | €34,146 | €30,337 | -€3,809 | -11.2% |
| Deferred charges and accrued income | 490/1 | €19,140 | €0 | -€19,140 | -100% |
| Total equity and liabilities | 10/49 | €679,724 | €994,071 | +€314,347 | +46.2% |
| Equity | 10/15 | €224,873 | €450,217 | +€225,344 | +100% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €218,673 | €444,017 | +€225,344 | +103% |
| Non-distributable reserves | 130/1 | €407 | €407 | = | 0.0% |
| Reserves not available under the articles | 1311 | €407 | €407 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €105,250 | +€105,250 | |
| Distributable reserves | 133 | €218,266 | €338,360 | +€120,094 | +55.0% |
| Amounts payable | 17/49 | €454,851 | €543,854 | +€89,003 | +19.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €454,851 | €543,854 | +€89,003 | +19.6% |
| Financial debts | 43 | €2,125 | €6,739 | +€4,614 | +217% |
| Credit institutions | 430/8 | €2,125 | €6,739 | +€4,614 | +217% |
| Trade debts | 44 | €390 | €410 | +€20 | +5.0% |
| Suppliers | 440/4 | €390 | €410 | +€20 | +5.0% |
| Taxes, remuneration and social security | 45 | €16,793 | €16,646 | -€147 | -0.9% |
| Taxes | 450/3 | €16,793 | €16,646 | -€147 | -0.9% |
| Other amounts payable | 47/48 | €435,543 | €520,060 | +€84,517 | +19.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,472 | €2 | -€43,470 | -100.0% |
| Other operating charges | 640/8 | €1,719 | €1,768 | +€49 | +2.8% |
| Gross operating margin | 9900 | €94,466 | €294,982 | +€200,516 | +212% |
| Operating profit (loss) | 9901 | €49,275 | €293,211 | +€243,937 | +495% |
| Financial income | 75/76B | €8,028 | €34,233 | +€26,205 | +326% |
| Recurring financial income | 75 | €8,028 | €34,233 | +€26,205 | +326% |
| Financial charges | 65/66B | €6,594 | €17,970 | +€11,376 | +173% |
| Recurring financial charges | 65 | €6,594 | €17,970 | +€11,376 | +173% |
| Profit (loss) for the period before taxes | 9903 | €50,709 | €309,474 | +€258,766 | +510% |
| Income taxes | 67/77 | €19,020 | €84,130 | +€65,110 | +342% |
| Profit (loss) for the period | 9904 | €31,688 | €225,344 | +€193,656 | +611% |
| Transfer to tax-exempt reserves | 689 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,688 | €120,094 | +€88,406 | +279% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.