DAED: 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.
DAED
Largest movements
- Cash +€64,030
up €64,030 (+130.5%), from €49,056 to €113,086
mainly Net result for the year (+€59,408) and Depreciation (+€12,486)
- Tangible fixed assets -€12,486
down €12,486 (-21.1%), from €59,131 to €46,645
of which Furniture and vehicles: -€10,612
- Receivables within one year -€10,227
down €10,227 (-34.4%), from €29,726 to €19,499
of which Trade receivables: -€10,246
- Reserves +€59,408
up €59,408 (+84.7%), from €70,126 to €129,534
- Other debts -€20,474
down €20,474 (-99.7%), from €20,533 to €58
- Tax, wage and social debts +€2,792
up €2,792 (+6.2%), from €44,975 to €47,767
of which Taxes: +€7,562
- Depreciation +€9,069
up €9,069 (+265.5%), from €3,416 to €12,486
- Gross operating margin -€3,216
down €3,216 (-3.4%), from €94,449 to €91,233
- Taxes -€1,740
down €1,740 (-8.9%), from €19,619 to €17,878
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 | €139,791 | €181,210 | +€41,419 | +29.6% |
| Fixed assets | 21/28 | €59,131 | €46,645 | -€12,486 | -21.1% |
| Tangible fixed assets | 22/27 | €59,131 | €46,645 | -€12,486 | -21.1% |
| Land and buildings | 22 | €17,229 | €15,356 | -€1,873 | -10.9% |
| Furniture and vehicles | 24 | €41,902 | €31,289 | -€10,612 | -25.3% |
| Current assets | 29/58 | €80,660 | €134,565 | +€53,905 | +66.8% |
| Amounts receivable within one year | 40/41 | €29,726 | €19,499 | -€10,227 | -34.4% |
| Trade receivables | 40 | €29,721 | €19,475 | -€10,246 | -34.5% |
| Other amounts receivable | 41 | €5 | €24 | +€19 | +383.9% |
| Cash at bank and in hand | 54/58 | €49,056 | €113,086 | +€64,030 | +130.5% |
| Deferred charges and accrued income | 490/1 | €1,878 | €1,980 | +€102 | +5.4% |
| Total equity and liabilities | 10/49 | €139,791 | €181,210 | +€41,419 | +29.6% |
| Equity | 10/15 | €72,626 | €132,034 | +€59,408 | +81.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €70,126 | €129,534 | +€59,408 | +84.7% |
| Distributable reserves | 133 | €70,126 | €129,534 | +€59,408 | +84.7% |
| Amounts payable | 17/49 | €67,165 | €49,176 | -€17,989 | -26.8% |
| Amounts payable within one year | 42/48 | €67,165 | €49,176 | -€17,989 | -26.8% |
| Financial debts | 43 | - | €390 | +€390 | |
| Credit institutions | 430/8 | - | €390 | +€390 | |
| Trade debts | 44 | €1,658 | €961 | -€696 | -42.0% |
| Suppliers | 440/4 | €1,658 | €961 | -€696 | -42.0% |
| Taxes, remuneration and social security | 45 | €44,975 | €47,767 | +€2,792 | +6.2% |
| Taxes | 450/3 | €40,205 | €47,767 | +€7,562 | +18.8% |
| Remuneration and social security | 454/9 | €4,770 | €0 | -€4,770 | -100.0% |
| Other amounts payable | 47/48 | €20,533 | €58 | -€20,474 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,416 | €12,486 | +€9,069 | +265.5% |
| Other operating charges | 640/8 | €1,055 | €1,077 | +€23 | +2.1% |
| Gross operating margin | 9900 | €94,449 | €91,233 | -€3,216 | -3.4% |
| Operating profit (loss) | 9901 | €89,978 | €77,670 | -€12,308 | -13.7% |
| Financial income | 75/76B | €24 | €236 | +€212 | +886.1% |
| Recurring financial income | 75 | €24 | €236 | +€212 | +886.1% |
| Financial charges | 65/66B | €257 | €619 | +€362 | +140.9% |
| Recurring financial charges | 65 | €257 | €619 | +€362 | +140.9% |
| Profit (loss) for the period before taxes | 9903 | €89,745 | €77,287 | -€12,458 | -13.9% |
| Income taxes | 67/77 | €19,619 | €17,878 | -€1,740 | -8.9% |
| Profit (loss) for the period | 9904 | €70,126 | €59,408 | -€10,718 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,126 | €59,408 | -€10,718 | -15.3% |
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 1 October 2026 via checked.be.