DAD GOLD & SILVER: 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.
DAD GOLD & SILVER
Largest movements
- Stocks and contracts -€534,638
down €534,638 (-92.4%), from €578,788 to €44,150
- Receivables within one year +€54,171
up €54,171 (+226%), from €23,985 to €78,155
of which Trade receivables: +€52,555
- Cash -€24,609
down €24,609 (-14.9%), from €165,118 to €140,509
mainly Advances received (-€617,167) and Receivables within one year (-€54,171)
- Advances received -€617,167
no longer reported in 2025 (was €617,167)
- Profit (loss) carried forward +€52,179
up €52,179 (+77.9%), from €66,967 to €119,146
- Trade debts +€44,066
up €44,066 (+241%), from €18,266 to €62,333
- Tax, wage and social debts +€18,748
up €18,748 (+59.4%), from €31,549 to €50,297
of which Remuneration and social security: +€10,736
- Gross operating margin +€94,223
up €94,223 (+54.9%), from €171,776 to €265,999
- Staff costs +€78,450
up €78,450 (+73.3%), from €107,004 to €185,455
- Taxes +€5,392
up €5,392 (+34.2%), from €15,744 to €21,136
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 | €791,788 | €288,027 | -€503,761 | -63.6% |
| Fixed assets | 21/28 | €15,946 | €21,064 | +€5,117 | +32.1% |
| Tangible fixed assets | 22/27 | €15,946 | €21,064 | +€5,117 | +32.1% |
| Plant, machinery and equipment | 23 | €8,555 | €11,635 | +€3,080 | +36.0% |
| Furniture and vehicles | 24 | €7,391 | €9,428 | +€2,037 | +27.6% |
| Current assets | 29/58 | €775,842 | €266,964 | -€508,878 | -65.6% |
| Stocks and contracts in progress | 3 | €578,788 | €44,150 | -€534,638 | -92.4% |
| Stocks | 30/36 | €578,788 | €44,150 | -€534,638 | -92.4% |
| Amounts receivable within one year | 40/41 | €23,985 | €78,155 | +€54,171 | +226% |
| Trade receivables | 40 | €22,730 | €75,285 | +€52,555 | +231% |
| Other amounts receivable | 41 | €1,254 | €2,870 | +€1,616 | +129% |
| Cash at bank and in hand | 54/58 | €165,118 | €140,509 | -€24,609 | -14.9% |
| Deferred charges and accrued income | 490/1 | €7,952 | €4,150 | -€3,802 | -47.8% |
| Total equity and liabilities | 10/49 | €791,788 | €288,027 | -€503,761 | -63.6% |
| Equity | 10/15 | €87,507 | €139,686 | +€52,179 | +59.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €539 | €539 | = | 0.0% |
| Distributable reserves | 133 | €539 | €539 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,967 | €119,146 | +€52,179 | +77.9% |
| Amounts payable | 17/49 | €704,282 | €148,342 | -€555,940 | -78.9% |
| Amounts payable within one year | 42/48 | €704,282 | €148,342 | -€555,940 | -78.9% |
| Trade debts | 44 | €18,266 | €62,333 | +€44,066 | +241% |
| Suppliers | 440/4 | €18,266 | €62,333 | +€44,066 | +241% |
| Advances received on contracts in progress | 46 | €617,167 | - | -€617,167 | |
| Taxes, remuneration and social security | 45 | €31,549 | €50,297 | +€18,748 | +59.4% |
| Taxes | 450/3 | €16,974 | €24,986 | +€8,012 | +47.2% |
| Remuneration and social security | 454/9 | €14,576 | €25,311 | +€10,736 | +73.7% |
| Other amounts payable | 47/48 | €37,299 | €35,712 | -€1,587 | -4.3% |
| Remuneration, social security and pensions | 62 | €107,004 | €185,455 | +€78,450 | +73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,176 | €3,862 | +€686 | +21.6% |
| Other operating charges | 640/8 | €634 | €858 | +€224 | +35.3% |
| Gross operating margin | 9900 | €171,776 | €265,999 | +€94,223 | +54.9% |
| Operating profit (loss) | 9901 | €60,961 | €75,825 | +€14,864 | +24.4% |
| Financial income | 75/76B | €860 | €813 | -€46 | -5.4% |
| Recurring financial income | 75 | €860 | €813 | -€46 | -5.4% |
| Financial charges | 65/66B | €1,398 | €3,323 | +€1,926 | +138% |
| Recurring financial charges | 65 | €1,398 | €3,323 | +€1,926 | +138% |
| Profit (loss) for the period before taxes | 9903 | €60,423 | €73,315 | +€12,892 | +21.3% |
| Income taxes | 67/77 | €15,744 | €21,136 | +€5,392 | +34.2% |
| Profit (loss) for the period | 9904 | €44,679 | €52,179 | +€7,500 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,679 | €52,179 | +€7,500 | +16.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.