Daisy Express: 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.
Daisy Express
Largest movements
- Tangible fixed assets -€248,184
down €248,184 (-47.5%), from €522,276 to €274,092
of which Leasing and similar rights: -€146,642
- Receivables within one year +€154,618
up €154,618 (+39.1%), from €395,118 to €549,736
of which Trade receivables: +€158,783
- Cash +€19,446
up €19,446 (+20.4%), from €95,180 to €114,626
mainly Depreciation (+€170,214) and Trade debts (+€98,758)
- Deferred charges and accrued income -€13,964
down €13,964 (-22.3%), from €62,604 to €48,640
- Debts after one year -€162,791
down €162,791 (-56.7%), from €286,925 to €124,134
- Trade debts +€98,758
up €98,758 (+28.2%), from €350,471 to €449,230
- Current portion of long-term debt -€35,264
down €35,264 (-25.0%), from €140,848 to €105,584
- Profit (loss) carried forward +€14,964
up €14,964 (+6.7%), from -€224,322 to -€209,358
- Gross operating margin +€310,750
up €310,750 (+24.5%), from €1.3m to €1.6m
- Depreciation -€91,133
down €91,133 (-34.9%), from €261,347 to €170,214
- Other operating charges +€20,259
up €20,259 (+6.1%), from €333,068 to €353,327
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 | €1,080,611 | €993,869 | -€86,742 | -8.0% |
| Fixed assets | 21/28 | €523,806 | €276,667 | -€247,139 | -47.2% |
| Tangible fixed assets | 22/27 | €522,276 | €274,092 | -€248,184 | -47.5% |
| Plant, machinery and equipment | 23 | €8,275 | €4,652 | -€3,623 | -43.8% |
| Furniture and vehicles | 24 | €172,373 | €74,454 | -€97,919 | -56.8% |
| Leasing and similar rights | 25 | €341,629 | €194,986 | -€146,642 | -42.9% |
| Financial fixed assets | 28 | €1,530 | €2,575 | +€1,045 | +68.3% |
| Current assets | 29/58 | €556,805 | €717,202 | +€160,398 | +28.8% |
| Stocks and contracts in progress | 3 | €3,903 | €4,199 | +€297 | +7.6% |
| Stocks | 30/36 | €3,903 | €4,199 | +€297 | +7.6% |
| Amounts receivable within one year | 40/41 | €395,118 | €549,736 | +€154,618 | +39.1% |
| Trade receivables | 40 | €356,072 | €514,855 | +€158,783 | +44.6% |
| Other amounts receivable | 41 | €39,046 | €34,881 | -€4,165 | -10.7% |
| Cash at bank and in hand | 54/58 | €95,180 | €114,626 | +€19,446 | +20.4% |
| Deferred charges and accrued income | 490/1 | €62,604 | €48,640 | -€13,964 | -22.3% |
| Total equity and liabilities | 10/49 | €1,080,611 | €993,869 | -€86,742 | -8.0% |
| Equity | 10/15 | €155,302 | €170,266 | +€14,964 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €361,024 | €361,024 | = | 0.0% |
| Distributable reserves | 133 | €361,024 | €361,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€224,322 | -€209,358 | +€14,964 | +6.7% |
| Amounts payable | 17/49 | €925,309 | €823,604 | -€101,706 | -11.0% |
| Amounts payable after more than one year | 17 | €286,925 | €124,134 | -€162,791 | -56.7% |
| Financial debts | 170/4 | €286,925 | €124,134 | -€162,791 | -56.7% |
| Amounts payable within one year | 42/48 | €634,590 | €697,374 | +€62,784 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €140,848 | €105,584 | -€35,264 | -25.0% |
| Financial debts | 43 | €53,600 | €49,833 | -€3,766 | -7.0% |
| Credit institutions | 430/8 | €53,600 | €49,833 | -€3,766 | -7.0% |
| Trade debts | 44 | €350,471 | €449,230 | +€98,758 | +28.2% |
| Suppliers | 440/4 | €350,471 | €449,230 | +€98,758 | +28.2% |
| Taxes, remuneration and social security | 45 | €89,102 | €92,727 | +€3,625 | +4.1% |
| Taxes | 450/3 | €478 | €689 | +€211 | +44.3% |
| Remuneration and social security | 454/9 | €88,624 | €92,038 | +€3,414 | +3.9% |
| Other amounts payable | 47/48 | €569 | - | -€569 | |
| Accrued charges and deferred income | 492/3 | €3,794 | €2,096 | -€1,698 | -44.8% |
| Non-recurring operating income | 76A | €56,245 | €15,037 | -€41,208 | -73.3% |
| Remuneration, social security and pensions | 62 | €961,552 | €976,600 | +€15,048 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261,347 | €170,214 | -€91,133 | -34.9% |
| Other operating charges | 640/8 | €333,068 | €353,327 | +€20,259 | +6.1% |
| Non-recurring operating charges | 66A | €16,310 | €35,592 | +€19,283 | +118.2% |
| Gross operating margin | 9900 | €1,269,600 | €1,580,350 | +€310,750 | +24.5% |
| Operating profit (loss) | 9901 | -€302,677 | €44,615 | +€347,293 | |
| Financial income | 75/76B | €906 | €390 | -€516 | -56.9% |
| Recurring financial income | 75 | €906 | €390 | -€516 | -56.9% |
| Financial charges | 65/66B | €35,834 | €29,331 | -€6,503 | -18.1% |
| Recurring financial charges | 65 | €35,834 | €29,331 | -€6,503 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€337,605 | €15,675 | +€353,280 | |
| Income taxes | 67/77 | €749 | €711 | -€39 | -5.1% |
| Profit (loss) for the period | 9904 | -€338,354 | €14,964 | +€353,318 | |
| Profit (loss) for the period to be appropriated | 9905 | -€338,354 | €14,964 | +€353,318 |
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 5 October 2026 via checked.be.