DAIE'S CAPITAL: 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.
DAIE'S CAPITAL
Largest movements
- Receivables within one year +€231,751
up €231,751 (+374%), from €62,005 to €293,756
of which Trade receivables: +€158,028
- Cash -€83,860
down €83,860 (-62.7%), from €133,789 to €49,929
mainly Receivables within one year (-€231,751) and Investment in fixed assets (net) (-€56,833)
- Tangible fixed assets +€47,022
up €47,022 (+8.9%), from €526,674 to €573,697
of which Assets under construction and advance payments: +€56,833
- Stocks and contracts +€44,995
new in 2025: €44,995
- Trade debts +€169,296
up €169,296 (+722%), from €23,433 to €192,729
- Profit (loss) carried forward +€55,407
up €55,407 (+260%), from €21,279 to €76,686
- Other debts -€25,598
down €25,598 (-99.7%), from €25,677 to €79
- Debts after one year +€25,530
up €25,530 (+11.3%), from €225,000 to €250,530
- Short-term financial debts +€12,000
up €12,000 (+6.1%), from €196,000 to €208,000
of which Other loans: +€12,000
- Gross operating margin -€169,377
down €169,377 (-62.2%), from €272,193 to €102,816
- Taxes -€48,271
down €48,271 (-74.5%), from €64,784 to €16,513
- Other operating charges -€21,909
down €21,909 (-81.7%), from €26,832 to €4,923
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 | €724,148 | €963,143 | +€238,995 | +33.0% |
| Formation expenses | 20 | €935 | €602 | -€333 | -35.6% |
| Fixed assets | 21/28 | €526,674 | €573,697 | +€47,022 | +8.9% |
| Tangible fixed assets | 22/27 | €526,674 | €573,697 | +€47,022 | +8.9% |
| Land and buildings | 22 | €373,499 | €363,688 | -€9,811 | -2.6% |
| Assets under construction and advance payments | 27 | €153,175 | €210,008 | +€56,833 | +37.1% |
| Current assets | 29/58 | €196,539 | €388,845 | +€192,306 | +97.8% |
| Stocks and contracts in progress | 3 | - | €44,995 | +€44,995 | |
| Stocks | 30/36 | - | €44,995 | +€44,995 | |
| Amounts receivable within one year | 40/41 | €62,005 | €293,756 | +€231,751 | +374% |
| Trade receivables | 40 | €41,325 | €199,353 | +€158,028 | +382% |
| Other amounts receivable | 41 | €20,680 | €94,403 | +€73,722 | +356% |
| Cash at bank and in hand | 54/58 | €133,789 | €49,929 | -€83,860 | -62.7% |
| Deferred charges and accrued income | 490/1 | €744 | €165 | -€580 | -77.9% |
| Total equity and liabilities | 10/49 | €724,148 | €963,143 | +€238,995 | +33.0% |
| Equity | 10/15 | €161,827 | €217,235 | +€55,407 | +34.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €128,049 | €128,049 | = | 0.0% |
| Distributable reserves | 133 | €128,049 | €128,049 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,279 | €76,686 | +€55,407 | +260% |
| Amounts payable | 17/49 | €562,321 | €745,908 | +€183,588 | +32.6% |
| Amounts payable after more than one year | 17 | €225,000 | €250,530 | +€25,530 | +11.3% |
| Financial debts | 170/4 | €225,000 | €250,530 | +€25,530 | +11.3% |
| Amounts payable within one year | 42/48 | €337,321 | €495,379 | +€158,058 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €25,357 | +€7,357 | +40.9% |
| Financial debts | 43 | €196,000 | €208,000 | +€12,000 | +6.1% |
| Credit institutions | 430/8 | €6,000 | €6,000 | = | 0.0% |
| Other loans | 439 | €190,000 | €202,000 | +€12,000 | +6.3% |
| Trade debts | 44 | €23,433 | €192,729 | +€169,296 | +722% |
| Suppliers | 440/4 | €23,433 | €192,729 | +€169,296 | +722% |
| Taxes, remuneration and social security | 45 | €74,211 | €69,213 | -€4,997 | -6.7% |
| Taxes | 450/3 | €74,211 | €69,213 | -€4,997 | -6.7% |
| Other amounts payable | 47/48 | €25,677 | €79 | -€25,598 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,675 | €10,144 | +€468 | +4.8% |
| Other operating charges | 640/8 | €26,832 | €4,923 | -€21,909 | -81.7% |
| Gross operating margin | 9900 | €272,193 | €102,816 | -€169,377 | -62.2% |
| Operating profit (loss) | 9901 | €235,685 | €87,749 | -€147,936 | -62.8% |
| Financial income | 75/76B | €82 | €2,357 | +€2,275 | +2,783% |
| Recurring financial income | 75 | €82 | €2,357 | +€2,275 | +2,783% |
| Financial charges | 65/66B | €17,934 | €18,186 | +€252 | +1.4% |
| Recurring financial charges | 65 | €17,934 | €18,186 | +€252 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €217,833 | €71,920 | -€145,913 | -67.0% |
| Income taxes | 67/77 | €64,784 | €16,513 | -€48,271 | -74.5% |
| Profit (loss) for the period | 9904 | €153,049 | €55,407 | -€97,641 | -63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €153,049 | €55,407 | -€97,641 | -63.8% |
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 25 October 2026 via checked.be.