DADEF: 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.
DADEF
Largest movements
- Cash +€13,804
up €13,804 (+80.3%), from €17,184 to €30,989
mainly Net result for the year (+€35,583) and Depreciation (+€13,372)
- Tangible fixed assets -€12,464
down €12,464 (-19.2%), from €64,831 to €52,367
- Receivables within one year -€1,466
down €1,466 (-2.4%), from €60,128 to €58,661
of which Trade receivables: -€14,688
- Reserves +€35,583
up €35,583 (+79.5%), from €44,771 to €80,355
- Debts after one year -€32,352
down €32,352 (-58.1%), from €55,682 to €23,330
- Current portion of long-term debt -€6,066
down €6,066 (-34.0%), from €17,857 to €11,791
- Trade debts +€4,291
up €4,291 (+327%), from €1,310 to €5,601
- Accrued charges and deferred income -€2,591
no longer reported in 2025 (was €2,591)
- Depreciation +€12,035
up €12,035 (+900%), from €1,338 to €13,372
- Gross operating margin +€6,802
up €6,802 (+10.0%), from €68,246 to €75,048
- Taxes +€3,119
up €3,119 (+14.4%), from €21,597 to €24,717
- Financial charges +€1,507
up €1,507 (+705%), from €214 to €1,721
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 | €146,551 | €144,980 | -€1,571 | -1.1% |
| Fixed assets | 21/28 | €64,831 | €52,367 | -€12,464 | -19.2% |
| Tangible fixed assets | 22/27 | €64,831 | €52,367 | -€12,464 | -19.2% |
| Furniture and vehicles | 24 | €64,831 | €52,367 | -€12,464 | -19.2% |
| Current assets | 29/58 | €81,721 | €92,613 | +€10,893 | +13.3% |
| Amounts receivable within one year | 40/41 | €60,128 | €58,661 | -€1,466 | -2.4% |
| Trade receivables | 40 | €54,066 | €39,378 | -€14,688 | -27.2% |
| Other amounts receivable | 41 | €6,062 | €19,284 | +€13,221 | +218% |
| Cash at bank and in hand | 54/58 | €17,184 | €30,989 | +€13,804 | +80.3% |
| Deferred charges and accrued income | 490/1 | €4,409 | €2,963 | -€1,445 | -32.8% |
| Total equity and liabilities | 10/49 | €146,551 | €144,980 | -€1,571 | -1.1% |
| Equity | 10/15 | €46,771 | €82,355 | +€35,583 | +76.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €44,771 | €80,355 | +€35,583 | +79.5% |
| Distributable reserves | 133 | €44,771 | €80,355 | +€35,583 | +79.5% |
| Amounts payable | 17/49 | €99,780 | €62,626 | -€37,155 | -37.2% |
| Amounts payable after more than one year | 17 | €55,682 | €23,330 | -€32,352 | -58.1% |
| Financial debts | 170/4 | €55,682 | €23,330 | -€32,352 | -58.1% |
| Amounts payable within one year | 42/48 | €41,507 | €39,296 | -€2,211 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €17,857 | €11,791 | -€6,066 | -34.0% |
| Financial debts | 43 | - | €705 | +€705 | |
| Credit institutions | 430/8 | - | €705 | +€705 | |
| Trade debts | 44 | €1,310 | €5,601 | +€4,291 | +327% |
| Suppliers | 440/4 | €1,310 | €5,601 | +€4,291 | +327% |
| Taxes, remuneration and social security | 45 | €22,340 | €21,198 | -€1,142 | -5.1% |
| Taxes | 450/3 | €22,340 | €21,198 | -€1,142 | -5.1% |
| Accrued charges and deferred income | 492/3 | €2,591 | - | -€2,591 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,338 | €13,372 | +€12,035 | +900% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €68,246 | €75,048 | +€6,802 | +10.0% |
| Operating profit (loss) | 9901 | €66,520 | €61,276 | -€5,245 | -7.9% |
| Financial income | 75/76B | €62 | €745 | +€683 | +1,100% |
| Recurring financial income | 75 | €62 | €745 | +€683 | +1,100% |
| Financial charges | 65/66B | €214 | €1,721 | +€1,507 | +705% |
| Recurring financial charges | 65 | €214 | €1,721 | +€1,507 | +705% |
| Profit (loss) for the period before taxes | 9903 | €66,369 | €60,300 | -€6,069 | -9.1% |
| Income taxes | 67/77 | €21,597 | €24,717 | +€3,119 | +14.4% |
| Profit (loss) for the period | 9904 | €44,771 | €35,583 | -€9,188 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,771 | €35,583 | -€9,188 | -20.5% |
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 20 October 2026 via checked.be.