DAENENS IT: 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.
DAENENS IT
Largest movements
- Receivables within one year +€497,561
up €497,561 (+127%), from €390,950 to €888,511
of which Other amounts receivable: +€697,920
- Tangible fixed assets +€489,123
up €489,123 (+6,592%), from €7,420 to €496,544
of which Assets under construction and advance payments: +€480,688
- Intangible fixed assets -€305,538
down €305,538 (-54.9%), from €557,008 to €251,470
- Cash -€125,508
down €125,508 (-33.2%), from €377,823 to €252,314
mainly Receivables within one year (-€497,561) and Investment in fixed assets (net) (-€238,609)
- Stocks and contracts +€60,783
new in 2025: €60,783
- Other debts +€466,392
up €466,392 (+110%), from €422,946 to €889,338
- Tax, wage and social debts +€59,145
up €59,145 (+145%), from €40,927 to €100,071
of which Remuneration and social security: +€35,910
- Debts after one year +€38,268
up €38,268 (+6.5%), from €589,884 to €628,152
- Trade debts +€34,860
up €34,860 (+116%), from €30,140 to €65,000
- Turnover -€599,641
no longer reported in 2025 (was €599,641)
- Purchases and services -€330,248
no longer reported in 2025 (was €330,248)
- Staff costs +€289,688
up €289,688 (+283%), from €102,227 to €391,914
- Gross operating margin +€237,828
up €237,828 (+87.3%), from €272,539 to €510,367
- Depreciation -€22,518
down €22,518 (-29.0%), from €77,542 to €55,024
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 | €1,334,463 | €1,950,953 | +€616,490 | +46.2% |
| Fixed assets | 21/28 | €564,813 | €748,398 | +€183,585 | +32.5% |
| Intangible fixed assets | 21 | €557,008 | €251,470 | -€305,538 | -54.9% |
| Tangible fixed assets | 22/27 | €7,420 | €496,544 | +€489,123 | +6,592% |
| Plant, machinery and equipment | 23 | €4,337 | €13,491 | +€9,154 | +211% |
| Furniture and vehicles | 24 | €3,083 | €2,365 | -€719 | -23.3% |
| Assets under construction and advance payments | 27 | - | €480,688 | +€480,688 | |
| Financial fixed assets | 28 | €384 | €384 | = | 0.0% |
| Current assets | 29/58 | €769,651 | €1,202,555 | +€432,905 | +56.2% |
| Stocks and contracts in progress | 3 | - | €60,783 | +€60,783 | |
| Contracts in progress | 37 | - | €60,783 | +€60,783 | |
| Amounts receivable within one year | 40/41 | €390,950 | €888,511 | +€497,561 | +127% |
| Trade receivables | 40 | €249,823 | €49,464 | -€200,359 | -80.2% |
| Other amounts receivable | 41 | €141,127 | €839,047 | +€697,920 | +495% |
| Cash at bank and in hand | 54/58 | €377,823 | €252,314 | -€125,508 | -33.2% |
| Deferred charges and accrued income | 490/1 | €878 | €947 | +€69 | +7.9% |
| Total equity and liabilities | 10/49 | €1,334,463 | €1,950,953 | +€616,490 | +46.2% |
| Equity | 10/15 | €124,017 | €144,729 | +€20,711 | +16.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | - | €6,150 | +€6,150 | |
| Non-distributable reserves | 130/1 | - | €6,150 | +€6,150 | |
| Legal reserve | 130 | - | €6,150 | +€6,150 | |
| Profit (loss) carried forward | 14 | €62,517 | €77,079 | +€14,561 | +23.3% |
| Amounts payable | 17/49 | €1,210,446 | €1,806,224 | +€595,779 | +49.2% |
| Amounts payable after more than one year | 17 | €589,884 | €628,152 | +€38,268 | +6.5% |
| Financial debts | 170/4 | €589,884 | €628,152 | +€38,268 | +6.5% |
| Amounts payable within one year | 42/48 | €611,069 | €1,177,725 | +€566,657 | +92.7% |
| Current portion of amounts payable after more than one year | 42 | €117,056 | €121,732 | +€4,676 | +4.0% |
| Financial debts | 43 | €0 | €1,584 | +€1,584 | |
| Other loans | 439 | €0 | €1,584 | +€1,584 | |
| Trade debts | 44 | €30,140 | €65,000 | +€34,860 | +116% |
| Suppliers | 440/4 | €30,140 | €65,000 | +€34,860 | +116% |
| Taxes, remuneration and social security | 45 | €40,927 | €100,071 | +€59,145 | +145% |
| Taxes | 450/3 | €26,374 | €49,609 | +€23,235 | +88.1% |
| Remuneration and social security | 454/9 | €14,552 | €50,462 | +€35,910 | +247% |
| Other amounts payable | 47/48 | €422,946 | €889,338 | +€466,392 | +110% |
| Accrued charges and deferred income | 492/3 | €9,493 | €348 | -€9,146 | -96.3% |
| Turnover | 70 | €599,641 | - | -€599,641 | |
| Non-recurring operating income | 76A | - | €30,247 | +€30,247 | |
| Goods, raw materials, services and sundry goods | 60/61 | €330,248 | - | -€330,248 | |
| Remuneration, social security and pensions | 62 | €102,227 | €391,914 | +€289,688 | +283% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,542 | €55,024 | -€22,518 | -29.0% |
| Other operating charges | 640/8 | €898 | €528 | -€370 | -41.2% |
| Gross operating margin | 9900 | €272,539 | €510,367 | +€237,828 | +87.3% |
| Operating profit (loss) | 9901 | €91,873 | €62,901 | -€28,972 | -31.5% |
| Financial income | 75/76B | €12 | €3 | -€9 | -71.4% |
| Recurring financial income | 75 | €12 | €3 | -€9 | -71.4% |
| Financial charges | 65/66B | €7,204 | €26,381 | +€19,177 | +266% |
| Recurring financial charges | 65 | €7,204 | €26,381 | +€19,177 | +266% |
| Profit (loss) for the period before taxes | 9903 | €84,682 | €36,524 | -€48,158 | -56.9% |
| Income taxes | 67/77 | €22,164 | €15,813 | -€6,352 | -28.7% |
| Profit (loss) for the period | 9904 | €62,517 | €20,711 | -€41,806 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,517 | €20,711 | -€41,806 | -66.9% |
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 17 October 2026 via checked.be.