DAKS: 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.
What changed
DAKS
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€14,210
2024 · -€65,265+€79,475
Equity
€1.9m
2024 · €1.9m+€14,210
Cash
€7,149
2024 · €28,258-€21,109
Balance sheet total
€3.7m
2024 · €3.7m-€29,677
Largest movements
Assets
- Tangible fixed assets -€53,015
down €53,015 (-1.5%), from €3.6m to €3.6m
of which Land and buildings: -€128,114
Equity and liabilities
- Other debts -€98,867
down €98,867 (-6.4%), from €1.5m to €1.4m
- Debts after one year +€42,995
up €42,995 (+23.9%), from €180,037 to €223,032
Income statement
- Gross operating margin +€88,960
up €88,960 (+65.1%), from €136,555 to €225,515
- Financial charges +€8,149
up €8,149 (+58.3%), from €13,988 to €22,137
- Taxes +€4,193
up €4,193, from €0 to €4,193
- Depreciation -€2,540
down €2,540 (-1.5%), from €172,464 to €169,924
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.
Result 2024
-€65,265
Gross operating margin
+€88,960
Depreciation
+€2,540
Other operating charges
+€724
Financial income
-€407
Financial charges
-€8,149
Taxes
-€4,193
Result 2025
€14,210
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.
From operations
+€79,680
Investment
-€150,898
Financing
+€50,109
Cash 2024
€28,258
From operations (derived)
+€79,680
Net result for the year
+€14,210
Depreciation
+€169,924
Receivables within one year
-€9,207
Deferred charges and accrued income
-€1,250
Trade debts
+€766
Other debts
-€98,867
Accrued charges and deferred income
+€4,105
Investment (derived)
-€150,898
Investment in fixed assets (net)
-€116,909
Current investments
-€33,989
Financing
+€50,109
Debts after one year
+€42,995
Current portion of long-term debt
+€7,114
Cash 2025
€7,149
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,682,943 | €3,653,265 | -€29,677 | -0.8% |
| Fixed assets | 21/28 | €3,604,190 | €3,551,175 | -€53,015 | -1.5% |
| Tangible fixed assets | 22/27 | €3,604,128 | €3,551,113 | -€53,015 | -1.5% |
| Land and buildings | 22 | €3,029,718 | €2,901,604 | -€128,114 | -4.2% |
| Plant, machinery and equipment | 23 | €47,924 | €37,916 | -€10,008 | -20.9% |
| Other tangible fixed assets | 26 | €373,171 | €341,369 | -€31,802 | -8.5% |
| Assets under construction and advance payments | 27 | €153,315 | €270,224 | +€116,909 | +76.3% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €78,753 | €102,091 | +€23,337 | +29.6% |
| Amounts receivable within one year | 40/41 | €50,495 | €59,702 | +€9,207 | +18.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €50,495 | €59,702 | +€9,207 | +18.2% |
| Current investments | 50/53 | - | €33,989 | +€33,989 | |
| Cash at bank and in hand | 54/58 | €28,258 | €7,149 | -€21,109 | -74.7% |
| Deferred charges and accrued income | 490/1 | - | €1,250 | +€1,250 | |
| Total equity and liabilities | 10/49 | €3,682,943 | €3,653,265 | -€29,677 | -0.8% |
| Equity | 10/15 | €1,897,746 | €1,911,956 | +€14,210 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,879,000 | €1,893,000 | +€14,000 | +0.7% |
| Distributable reserves | 133 | €1,879,000 | €1,893,000 | +€14,000 | +0.7% |
| Profit (loss) carried forward | 14 | €154 | €364 | +€210 | +136.4% |
| Amounts payable | 17/49 | €1,785,197 | €1,741,310 | -€43,887 | -2.5% |
| Amounts payable after more than one year | 17 | €180,037 | €223,032 | +€42,995 | +23.9% |
| Financial debts | 170/4 | €180,037 | €223,032 | +€42,995 | +23.9% |
| Amounts payable within one year | 42/48 | €1,605,160 | €1,514,172 | -€90,987 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €59,970 | €67,084 | +€7,114 | +11.9% |
| Trade debts | 44 | €1,618 | €2,384 | +€766 | +47.3% |
| Suppliers | 440/4 | €1,618 | €2,384 | +€766 | +47.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,543,572 | €1,444,704 | -€98,867 | -6.4% |
| Accrued charges and deferred income | 492/3 | - | €4,105 | +€4,105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,464 | €169,924 | -€2,540 | -1.5% |
| Other operating charges | 640/8 | €18,686 | €17,962 | -€724 | -3.9% |
| Gross operating margin | 9900 | €136,555 | €225,515 | +€88,960 | +65.1% |
| Operating profit (loss) | 9901 | -€54,594 | €37,630 | +€92,224 | |
| Financial income | 75/76B | €3,318 | €2,910 | -€407 | -12.3% |
| Recurring financial income | 75 | €3,318 | €2,910 | -€407 | -12.3% |
| Financial charges | 65/66B | €13,988 | €22,137 | +€8,149 | +58.3% |
| Recurring financial charges | 65 | €13,988 | €22,137 | +€8,149 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | -€65,265 | €18,403 | +€83,668 | |
| Income taxes | 67/77 | €0 | €4,193 | +€4,193 | |
| Profit (loss) for the period | 9904 | -€65,265 | €14,210 | +€79,475 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,265 | €14,210 | +€79,475 |
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 30 September 2026 via checked.be.