DAKRAEM: 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.
DAKRAEM
Largest movements
- Cash +€78,274
up €78,274 (+70.7%), from €110,675 to €188,949
mainly Stocks and contracts (+€47,970) and Net result for the year (+€36,644)
- Stocks and contracts -€47,970
down €47,970 (-15.4%), from €311,590 to €263,620
of which Contracts in progress: -€62,960
- Receivables within one year +€18,431
up €18,431 (+7.2%), from €256,483 to €274,914
of which Other amounts receivable: +€33,245
- Tangible fixed assets -€11,270
down €11,270 (-26.4%), from €42,635 to €31,365
of which Furniture and vehicles: -€7,780
- Deferred charges and accrued income +€9,932
up €9,932 (+13350.9%), from €74 to €10,006
- Reserves +€36,644
up €36,644 (+6.0%), from €609,638 to €646,283
of which Distributable reserves: +€36,644
- Trade debts +€17,290
up €17,290 (+206.0%), from €8,391 to €25,682
- Current portion of long-term debt +€8,679
up €8,679 (+159.2%), from €5,451 to €14,130
- Tax, wage and social debts -€8,319
down €8,319 (-56.2%), from €14,793 to €6,474
of which Taxes: -€8,319
- Gross operating margin +€5,093
up €5,093 (+1.7%), from €294,552 to €299,645
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 | €722,364 | €770,995 | +€48,631 | +6.7% |
| Fixed assets | 21/28 | €43,542 | €33,506 | -€10,036 | -23.0% |
| Tangible fixed assets | 22/27 | €42,635 | €31,365 | -€11,270 | -26.4% |
| Land and buildings | 22 | €15,428 | €12,560 | -€2,868 | -18.6% |
| Plant, machinery and equipment | 23 | €2,192 | €1,570 | -€623 | -28.4% |
| Furniture and vehicles | 24 | €25,015 | €17,235 | -€7,780 | -31.1% |
| Financial fixed assets | 28 | €907 | €2,141 | +€1,234 | +136.2% |
| Current assets | 29/58 | €678,822 | €737,489 | +€58,667 | +8.6% |
| Stocks and contracts in progress | 3 | €311,590 | €263,620 | -€47,970 | -15.4% |
| Stocks | 30/36 | €222,850 | €237,840 | +€14,990 | +6.7% |
| Contracts in progress | 37 | €88,740 | €25,780 | -€62,960 | -70.9% |
| Amounts receivable within one year | 40/41 | €256,483 | €274,914 | +€18,431 | +7.2% |
| Trade receivables | 40 | €254,016 | €239,201 | -€14,814 | -5.8% |
| Other amounts receivable | 41 | €2,468 | €35,713 | +€33,245 | +1347.3% |
| Cash at bank and in hand | 54/58 | €110,675 | €188,949 | +€78,274 | +70.7% |
| Deferred charges and accrued income | 490/1 | €74 | €10,006 | +€9,932 | +13350.9% |
| Total equity and liabilities | 10/49 | €722,364 | €770,995 | +€48,631 | +6.7% |
| Equity | 10/15 | €634,638 | €671,283 | +€36,644 | +5.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €609,638 | €646,283 | +€36,644 | +6.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €609,638 | €646,283 | +€36,644 | +6.0% |
| Amounts payable | 17/49 | €87,726 | €99,713 | +€11,987 | +13.7% |
| Amounts payable after more than one year | 17 | €15,176 | €9,494 | -€5,682 | -37.4% |
| Financial debts | 170/4 | €15,176 | €9,494 | -€5,682 | -37.4% |
| Amounts payable within one year | 42/48 | €72,550 | €90,219 | +€17,669 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €5,451 | €14,130 | +€8,679 | +159.2% |
| Trade debts | 44 | €8,391 | €25,682 | +€17,290 | +206.0% |
| Suppliers | 440/4 | €8,391 | €25,682 | +€17,290 | +206.0% |
| Taxes, remuneration and social security | 45 | €14,793 | €6,474 | -€8,319 | -56.2% |
| Taxes | 450/3 | €9,317 | €998 | -€8,319 | -89.3% |
| Remuneration and social security | 454/9 | €5,476 | €5,476 | = | 0.0% |
| Other amounts payable | 47/48 | €43,914 | €43,933 | +€20 | 0.0% |
| Remuneration, social security and pensions | 62 | €247,309 | €245,077 | -€2,232 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,023 | €11,270 | -€753 | -6.3% |
| Other operating charges | 640/8 | €986 | €935 | -€52 | -5.2% |
| Gross operating margin | 9900 | €294,552 | €299,645 | +€5,093 | +1.7% |
| Operating profit (loss) | 9901 | €34,234 | €42,364 | +€8,130 | +23.7% |
| Financial income | 75/76B | €8,072 | €8,329 | +€257 | +3.2% |
| Recurring financial income | 75 | €8,072 | €8,329 | +€257 | +3.2% |
| Financial charges | 65/66B | €2,638 | €1,403 | -€1,235 | -46.8% |
| Recurring financial charges | 65 | €2,638 | €1,403 | -€1,235 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €39,669 | €49,290 | +€9,621 | +24.3% |
| Income taxes | 67/77 | €12,895 | €12,646 | -€249 | -1.9% |
| Profit (loss) for the period | 9904 | €26,774 | €36,644 | +€9,870 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,774 | €36,644 | +€9,870 | +36.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.