DAENEN FRERES: 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.
DAENEN FRERES
Largest movements
- Tangible fixed assets -€82,581
down €82,581 (-21.8%), from €378,528 to €295,947
- Cash +€19,518
up €19,518 (+42.7%), from €45,723 to €65,240
mainly Depreciation (+€82,581) and Contributions, distributions and other (+€10,456)
- Receivables within one year +€9,723
up €9,723 (+7.9%), from €123,317 to €133,040
of which Trade receivables: +€10,188
- Debts after one year -€50,058
down €50,058 (-16.1%), from €311,219 to €261,161
- Investment grants +€10,456
up €10,456 (+1,874%), from €558 to €11,014
- Current portion of long-term debt -€9,046
down €9,046 (-15.3%), from €59,104 to €50,058
- Reserves -€7,269
down €7,269 (-18.5%), from €39,313 to €32,044
- Trade debts +€5,552
up €5,552 (+87.6%), from €6,336 to €11,889
- Depreciation -€10,593
down €10,593 (-11.4%), from €93,174 to €82,581
- Financial charges -€9,677
down €9,677 (-43.1%), from €22,468 to €12,791
- Gross operating margin -€8,047
down €8,047 (-9.6%), from €84,203 to €76,156
- Financial income +€5,203
up €5,203 (+596%), from €873 to €6,076
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 | €549,410 | €494,228 | -€55,182 | -10.0% |
| Fixed assets | 21/28 | €378,528 | €295,947 | -€82,581 | -21.8% |
| Tangible fixed assets | 22/27 | €378,528 | €295,947 | -€82,581 | -21.8% |
| Plant, machinery and equipment | 23 | €378,528 | €295,947 | -€82,581 | -21.8% |
| Current assets | 29/58 | €170,882 | €198,281 | +€27,399 | +16.0% |
| Amounts receivable within one year | 40/41 | €123,317 | €133,040 | +€9,723 | +7.9% |
| Trade receivables | 40 | €118,089 | €128,277 | +€10,188 | +8.6% |
| Other amounts receivable | 41 | €5,229 | €4,763 | -€465 | -8.9% |
| Cash at bank and in hand | 54/58 | €45,723 | €65,240 | +€19,518 | +42.7% |
| Deferred charges and accrued income | 490/1 | €1,842 | - | -€1,842 | |
| Total equity and liabilities | 10/49 | €549,410 | €494,228 | -€55,182 | -10.0% |
| Equity | 10/15 | €96,747 | €96,814 | +€67 | +0.1% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Contributions outside capital | 11 | €49,579 | - | -€49,579 | |
| Other | 1109/19 | €49,579 | - | -€49,579 | |
| Reserves | 13 | €39,313 | €32,044 | -€7,269 | -18.5% |
| Tax-exempt reserves | 132 | €39,313 | €32,044 | -€7,269 | -18.5% |
| Profit (loss) carried forward | 14 | €7,297 | €4,177 | -€3,120 | -42.8% |
| Investment grants | 15 | €558 | €11,014 | +€10,456 | +1,874% |
| Provisions and deferred taxes | 16 | €14,211 | €15,046 | +€834 | +5.9% |
| Deferred taxes | 168 | €14,211 | €15,046 | +€834 | +5.9% |
| Amounts payable | 17/49 | €438,452 | €382,369 | -€56,084 | -12.8% |
| Amounts payable after more than one year | 17 | €311,219 | €261,161 | -€50,058 | -16.1% |
| Financial debts | 170/4 | €311,219 | €261,161 | -€50,058 | -16.1% |
| Amounts payable within one year | 42/48 | €127,233 | €121,208 | -€6,026 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €59,104 | €50,058 | -€9,046 | -15.3% |
| Trade debts | 44 | €6,336 | €11,889 | +€5,552 | +87.6% |
| Suppliers | 440/4 | €6,336 | €11,889 | +€5,552 | +87.6% |
| Advances received on contracts in progress | 46 | €2,532 | - | -€2,532 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €59,261 | €59,261 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,174 | €82,581 | -€10,593 | -11.4% |
| Other operating charges | 640/8 | €387 | €573 | +€186 | +48.0% |
| Gross operating margin | 9900 | €84,203 | €76,156 | -€8,047 | -9.6% |
| Operating profit (loss) | 9901 | -€9,359 | -€6,998 | +€2,361 | +25.2% |
| Financial income | 75/76B | €873 | €6,076 | +€5,203 | +596% |
| Recurring financial income | 75 | €873 | €6,076 | +€5,203 | +596% |
| Financial charges | 65/66B | €22,468 | €12,791 | -€9,677 | -43.1% |
| Recurring financial charges | 65 | €22,468 | €12,791 | -€9,677 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,954 | -€13,713 | +€17,241 | +55.7% |
| Transfer from deferred taxes | 780 | €2,944 | €3,324 | +€380 | +12.9% |
| Profit (loss) for the period | 9904 | -€28,010 | -€10,389 | +€17,621 | +62.9% |
| Transfer from tax-exempt reserves | 789 | €7,269 | €7,269 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,741 | -€3,120 | +€17,621 | +85.0% |
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.