Dae Infra: 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.
Dae Infra
Largest movements
- Stocks and contracts +€50,000
new in 2025: €50,000
- Tangible fixed assets -€48,544
down €48,544 (-53.2%), from €91,270 to €42,726
of which Leasing and similar rights: -€53,545
- Receivables within one year +€11,538
up €11,538 (+16.4%), from €70,438 to €81,976
of which Other amounts receivable: +€27,589
- Debts after one year -€33,434
down €33,434 (-83.8%), from €39,890 to €6,455
- Trade debts +€27,780
up €27,780 (+56.1%), from €49,550 to €77,331
- Current portion of long-term debt -€14,673
down €14,673 (-69.7%), from €21,041 to €6,369
- Reserves +€12,909
up €12,909 (+48.2%), from €26,772 to €39,682
- Tax, wage and social debts +€11,421
up €11,421 (+51.0%), from €22,377 to €33,799
of which Remuneration and social security: +€6,718
- Gross operating margin +€80,547
up €80,547 (+115%), from €69,819 to €150,366
- Staff costs +€59,884
up €59,884 (+311%), from €19,232 to €79,116
- Depreciation +€14,149
up €14,149 (+127%), from €11,109 to €25,258
- Financial charges +€3,124
up €3,124 (+83.5%), from €3,744 to €6,868
- Taxes -€1,752
down €1,752 (-25.6%), from €6,844 to €5,092
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 | €165,831 | €177,434 | +€11,603 | +7.0% |
| Fixed assets | 21/28 | €91,270 | €42,726 | -€48,544 | -53.2% |
| Tangible fixed assets | 22/27 | €91,270 | €42,726 | -€48,544 | -53.2% |
| Plant, machinery and equipment | 23 | €7,704 | €3,904 | -€3,800 | -49.3% |
| Furniture and vehicles | 24 | €9,402 | €18,203 | +€8,801 | +93.6% |
| Leasing and similar rights | 25 | €74,164 | €20,619 | -€53,545 | -72.2% |
| Current assets | 29/58 | €74,562 | €134,709 | +€60,147 | +80.7% |
| Stocks and contracts in progress | 3 | - | €50,000 | +€50,000 | |
| Contracts in progress | 37 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €70,438 | €81,976 | +€11,538 | +16.4% |
| Trade receivables | 40 | €46,803 | €30,752 | -€16,051 | -34.3% |
| Other amounts receivable | 41 | €23,635 | €51,224 | +€27,589 | +117% |
| Cash at bank and in hand | 54/58 | €22 | €3 | -€19 | -87.3% |
| Deferred charges and accrued income | 490/1 | €4,102 | €2,730 | -€1,372 | -33.4% |
| Total equity and liabilities | 10/49 | €165,831 | €177,434 | +€11,603 | +7.0% |
| Equity | 10/15 | €32,972 | €45,882 | +€12,909 | +39.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,772 | €39,682 | +€12,909 | +48.2% |
| Distributable reserves | 133 | €26,772 | €39,682 | +€12,909 | +48.2% |
| Amounts payable | 17/49 | €132,859 | €131,553 | -€1,306 | -1.0% |
| Amounts payable after more than one year | 17 | €39,890 | €6,455 | -€33,434 | -83.8% |
| Financial debts | 170/4 | €39,890 | €6,455 | -€33,434 | -83.8% |
| Amounts payable within one year | 42/48 | €92,969 | €125,097 | +€32,128 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €21,041 | €6,369 | -€14,673 | -69.7% |
| Trade debts | 44 | €49,550 | €77,331 | +€27,780 | +56.1% |
| Suppliers | 440/4 | €49,550 | €77,331 | +€27,780 | +56.1% |
| Taxes, remuneration and social security | 45 | €22,377 | €33,799 | +€11,421 | +51.0% |
| Taxes | 450/3 | €6,844 | €11,548 | +€4,704 | +68.7% |
| Remuneration and social security | 454/9 | €15,533 | €22,251 | +€6,718 | +43.2% |
| Other amounts payable | 47/48 | - | €7,599 | +€7,599 | |
| Non-recurring operating income | 76A | €2,065 | - | -€2,065 | |
| Remuneration, social security and pensions | 62 | €19,232 | €79,116 | +€59,884 | +311% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,109 | €25,258 | +€14,149 | +127% |
| Other operating charges | 640/8 | €2,609 | €2,925 | +€316 | +12.1% |
| Non-recurring operating charges | 66A | - | €19,412 | +€19,412 | |
| Gross operating margin | 9900 | €69,819 | €150,366 | +€80,547 | +115% |
| Operating profit (loss) | 9901 | €36,870 | €23,656 | -€13,214 | -35.8% |
| Financial income | 75/76B | €490 | €1,213 | +€723 | +148% |
| Recurring financial income | 75 | €490 | €1,213 | +€723 | +148% |
| Financial charges | 65/66B | €3,744 | €6,868 | +€3,124 | +83.5% |
| Recurring financial charges | 65 | €3,744 | €6,868 | +€3,124 | +83.5% |
| Profit (loss) for the period before taxes | 9903 | €33,616 | €18,001 | -€15,615 | -46.5% |
| Income taxes | 67/77 | €6,844 | €5,092 | -€1,752 | -25.6% |
| Profit (loss) for the period | 9904 | €26,772 | €12,909 | -€13,863 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,772 | €12,909 | -€13,863 | -51.8% |
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 20 October 2026 via checked.be.