DAE: 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.
DAE
Largest movements
- Cash +€57,925
up €57,925 (+78.9%), from €73,440 to €131,365
mainly Net result for the year (+€99,962) and Depreciation (+€24,899)
- Tangible fixed assets +€41,525
up €41,525 (+40.4%), from €102,707 to €144,232
of which Furniture and vehicles: +€41,181
- Receivables within one year +€6,016
up €6,016 (+2.6%), from €228,167 to €234,183
of which Other amounts receivable: +€7,567
- Reserves +€99,962
up €99,962 (+29.0%), from €344,175 to €444,136
- Other debts +€15,282
up €15,282, from €0 to €15,282
- Tax, wage and social debts -€9,122
down €9,122 (-29.0%), from €31,446 to €22,324
of which Taxes: -€13,535
- Write-downs -€69,240
down €69,240, from €0 to -€69,240
- Taxes +€39,907
up €39,907 (+460.6%), from €8,663 to €48,571
- Gross operating margin +€25,636
up €25,636 (+14.7%), from €174,957 to €200,593
- Staff costs +€15,719
up €15,719 (+26.7%), from €58,823 to €74,542
- Other operating charges +€13,622
up €13,622 (+165.7%), from €8,220 to €21,842
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 | €404,314 | €509,781 | +€105,466 | +26.1% |
| Fixed assets | 21/28 | €102,707 | €144,232 | +€41,525 | +40.4% |
| Tangible fixed assets | 22/27 | €102,707 | €144,232 | +€41,525 | +40.4% |
| Land and buildings | 22 | €38,758 | €31,774 | -€6,984 | -18.0% |
| Plant, machinery and equipment | 23 | €5,192 | €10,713 | +€5,521 | +106.3% |
| Furniture and vehicles | 24 | €13,419 | €54,600 | +€41,181 | +306.9% |
| Other tangible fixed assets | 26 | €45,338 | €47,145 | +€1,807 | +4.0% |
| Current assets | 29/58 | €301,607 | €365,549 | +€63,941 | +21.2% |
| Amounts receivable within one year | 40/41 | €228,167 | €234,183 | +€6,016 | +2.6% |
| Trade receivables | 40 | €203,089 | €201,538 | -€1,551 | -0.8% |
| Other amounts receivable | 41 | €25,078 | €32,646 | +€7,567 | +30.2% |
| Cash at bank and in hand | 54/58 | €73,440 | €131,365 | +€57,925 | +78.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €404,314 | €509,781 | +€105,466 | +26.1% |
| Equity | 10/15 | €365,246 | €465,207 | +€99,962 | +27.4% |
| Contributions | 10/11 | €21,071 | €21,071 | = | 0.0% |
| Reserves | 13 | €344,175 | €444,136 | +€99,962 | +29.0% |
| Distributable reserves | 133 | €344,175 | €444,136 | +€99,962 | +29.0% |
| Amounts payable | 17/49 | €39,069 | €44,573 | +€5,505 | +14.1% |
| Amounts payable within one year | 42/48 | €39,069 | €44,573 | +€5,505 | +14.1% |
| Financial debts | 43 | €136 | €936 | +€800 | +589.1% |
| Credit institutions | 430/8 | €136 | €936 | +€800 | +589.1% |
| Trade debts | 44 | €7,486 | €6,031 | -€1,455 | -19.4% |
| Suppliers | 440/4 | €7,486 | €6,031 | -€1,455 | -19.4% |
| Taxes, remuneration and social security | 45 | €31,446 | €22,324 | -€9,122 | -29.0% |
| Taxes | 450/3 | €23,851 | €10,316 | -€13,535 | -56.7% |
| Remuneration and social security | 454/9 | €7,595 | €12,008 | +€4,412 | +58.1% |
| Other amounts payable | 47/48 | €0 | €15,282 | +€15,282 | |
| Remuneration, social security and pensions | 62 | €58,823 | €74,542 | +€15,719 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,657 | €24,899 | +€7,242 | +41.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€69,240 | -€69,240 | |
| Other operating charges | 640/8 | €8,220 | €21,842 | +€13,622 | +165.7% |
| Gross operating margin | 9900 | €174,957 | €200,593 | +€25,636 | +14.7% |
| Operating profit (loss) | 9901 | €90,257 | €148,550 | +€58,292 | +64.6% |
| Financial income | 75/76B | €188 | €384 | +€197 | +104.7% |
| Recurring financial income | 75 | €188 | €384 | +€197 | +104.7% |
| Financial charges | 65/66B | €767 | €402 | -€366 | -47.7% |
| Recurring financial charges | 65 | €767 | €402 | -€366 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €89,678 | €148,532 | +€58,855 | +65.6% |
| Income taxes | 67/77 | €8,663 | €48,571 | +€39,907 | +460.6% |
| Profit (loss) for the period | 9904 | €81,014 | €99,962 | +€18,947 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,014 | €99,962 | +€18,947 | +23.4% |
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 7 October 2026 via checked.be.