DACO: 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.
DACO
Largest movements
- Tangible fixed assets -€22,611
down €22,611 (-34.1%), from €66,384 to €43,773
of which Leasing and similar rights: -€11,833
- Receivables within one year -€20,416
down €20,416 (-35.7%), from €57,241 to €36,825
of which Trade receivables: -€20,199
- Stocks and contracts +€6,660
up €6,660 (+9.4%), from €70,693 to €77,353
- Cash -€3,186
down €3,186 (-14.2%), from €22,477 to €19,291
mainly Net result for the year (-€14,935) and Debts after one year (-€13,725)
- Reserves -€14,935
down €14,935 (-31.0%), from €48,145 to €33,210
- Debts after one year -€13,725
down €13,725 (-56.4%), from €24,333 to €10,608
- Trade debts -€10,622
down €10,622 (-53.2%), from €19,967 to €9,346
- Gross operating margin -€9,113
down €9,113 (-3.2%), from €286,857 to €277,743
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 | €219,184 | €178,361 | -€40,823 | -18.6% |
| Fixed assets | 21/28 | €66,384 | €43,773 | -€22,611 | -34.1% |
| Tangible fixed assets | 22/27 | €66,384 | €43,773 | -€22,611 | -34.1% |
| Plant, machinery and equipment | 23 | €5,025 | €4,827 | -€197 | -3.9% |
| Furniture and vehicles | 24 | €6,570 | €3,878 | -€2,691 | -41.0% |
| Leasing and similar rights | 25 | €31,058 | €19,225 | -€11,833 | -38.1% |
| Other tangible fixed assets | 26 | €23,732 | €15,843 | -€7,889 | -33.2% |
| Current assets | 29/58 | €152,800 | €134,588 | -€18,212 | -11.9% |
| Stocks and contracts in progress | 3 | €70,693 | €77,353 | +€6,660 | +9.4% |
| Stocks | 30/36 | €70,693 | €77,353 | +€6,660 | +9.4% |
| Amounts receivable within one year | 40/41 | €57,241 | €36,825 | -€20,416 | -35.7% |
| Trade receivables | 40 | €55,014 | €34,815 | -€20,199 | -36.7% |
| Other amounts receivable | 41 | €2,226 | €2,009 | -€217 | -9.7% |
| Cash at bank and in hand | 54/58 | €22,477 | €19,291 | -€3,186 | -14.2% |
| Deferred charges and accrued income | 490/1 | €2,390 | €1,120 | -€1,270 | -53.1% |
| Total equity and liabilities | 10/49 | €219,184 | €178,361 | -€40,823 | -18.6% |
| Equity | 10/15 | €75,413 | €60,479 | -€14,935 | -19.8% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €48,145 | €33,210 | -€14,935 | -31.0% |
| Distributable reserves | 133 | €48,145 | €33,210 | -€14,935 | -31.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €143,771 | €117,883 | -€25,888 | -18.0% |
| Amounts payable after more than one year | 17 | €24,333 | €10,608 | -€13,725 | -56.4% |
| Financial debts | 170/4 | €24,333 | €10,608 | -€13,725 | -56.4% |
| Amounts payable within one year | 42/48 | €119,438 | €107,275 | -€12,163 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €14,738 | €13,725 | -€1,013 | -6.9% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €19,967 | €9,346 | -€10,622 | -53.2% |
| Suppliers | 440/4 | €19,967 | €9,346 | -€10,622 | -53.2% |
| Taxes, remuneration and social security | 45 | €11,366 | €11,540 | +€174 | +1.5% |
| Taxes | 450/3 | €1,703 | €396 | -€1,307 | -76.8% |
| Remuneration and social security | 454/9 | €9,663 | €11,144 | +€1,481 | +15.3% |
| Other amounts payable | 47/48 | €23,367 | €22,665 | -€702 | -3.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €258,957 | €258,401 | -€556 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,932 | €25,620 | -€1,312 | -4.9% |
| Other operating charges | 640/8 | €4,793 | €2,871 | -€1,922 | -40.1% |
| Gross operating margin | 9900 | €286,857 | €277,743 | -€9,113 | -3.2% |
| Operating profit (loss) | 9901 | -€3,826 | -€9,149 | -€5,323 | -139.1% |
| Financial income | 75/76B | €6 | €29 | +€23 | +398.6% |
| Recurring financial income | 75 | €6 | €29 | +€23 | +398.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €6,139 | €5,646 | -€493 | -8.0% |
| Recurring financial charges | 65 | €6,139 | €5,646 | -€493 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,959 | -€14,766 | -€4,807 | -48.3% |
| Income taxes | 67/77 | €185 | €169 | -€16 | -8.9% |
| Profit (loss) for the period | 9904 | -€10,145 | -€14,935 | -€4,790 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,145 | -€14,935 | -€4,790 | -47.2% |
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 3 October 2026 via checked.be.