DAN: 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.
DAN
Largest movements
- Tangible fixed assets +€315,554
up €315,554 (+15.2%), from €2.1m to €2.4m
of which Land and buildings: +€321,578
- Cash +€126,475
up €126,475 (+900.6%), from €14,043 to €140,518
mainly Other debts (+€582,239) and Depreciation (+€103,895)
- Receivables within one year +€30,972
new in 2025: €30,972
of which Trade receivables: +€29,402
- Other debts +€582,239
up €582,239 (+40.6%), from €1.4m to €2.0m
- Profit (loss) carried forward -€104,888
down €104,888 (-841.7%), from -€12,461 to -€117,349
- Debts after one year -€28,390
down €28,390 (-6.0%), from €476,467 to €448,077
- Trade debts +€25,765
up €25,765 (+936.9%), from €2,750 to €28,515
- Turnover -€130,730
no longer reported in 2025 (was €130,730)
- Purchases and services -€71,852
no longer reported in 2025 (was €71,852)
- Gross operating margin -€51,000
down €51,000 (-74.0%), from €68,882 to €17,882
- Depreciation +€23,413
up €23,413 (+29.1%), from €80,482 to €103,895
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 | €2,099,050 | €2,573,379 | +€474,329 | +22.6% |
| Fixed assets | 21/28 | €2,083,136 | €2,398,371 | +€315,235 | +15.1% |
| Intangible fixed assets | 21 | €1,278 | €959 | -€320 | -25.0% |
| Tangible fixed assets | 22/27 | €2,081,858 | €2,397,412 | +€315,554 | +15.2% |
| Land and buildings | 22 | €2,056,525 | €2,378,104 | +€321,578 | +15.6% |
| Furniture and vehicles | 24 | €25,332 | €19,308 | -€6,024 | -23.8% |
| Current assets | 29/58 | €15,914 | €175,009 | +€159,095 | +999.7% |
| Amounts receivable within one year | 40/41 | - | €30,972 | +€30,972 | |
| Trade receivables | 40 | - | €29,402 | +€29,402 | |
| Other amounts receivable | 41 | - | €1,569 | +€1,569 | |
| Cash at bank and in hand | 54/58 | €14,043 | €140,518 | +€126,475 | +900.6% |
| Deferred charges and accrued income | 490/1 | €1,871 | €3,518 | +€1,648 | +88.1% |
| Total equity and liabilities | 10/49 | €2,099,050 | €2,573,379 | +€474,329 | +22.6% |
| Equity | 10/15 | €155,559 | €50,671 | -€104,888 | -67.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €149,420 | €149,420 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,258 | €63,258 | = | 0.0% |
| Distributable reserves | 133 | €86,162 | €86,162 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,461 | -€117,349 | -€104,888 | -841.7% |
| Amounts payable | 17/49 | €1,943,491 | €2,522,708 | +€579,217 | +29.8% |
| Amounts payable after more than one year | 17 | €476,467 | €448,077 | -€28,390 | -6.0% |
| Financial debts | 170/4 | €476,467 | €448,077 | -€28,390 | -6.0% |
| Amounts payable within one year | 42/48 | €1,467,024 | €2,074,631 | +€607,607 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €28,572 | €28,390 | -€182 | -0.6% |
| Trade debts | 44 | €2,750 | €28,515 | +€25,765 | +936.9% |
| Suppliers | 440/4 | €2,750 | €28,515 | +€25,765 | +936.9% |
| Taxes, remuneration and social security | 45 | €399 | €185 | -€215 | -53.8% |
| Taxes | 450/3 | €399 | €185 | -€215 | -53.8% |
| Other amounts payable | 47/48 | €1,435,302 | €2,017,542 | +€582,239 | +40.6% |
| Turnover | 70 | €130,730 | - | -€130,730 | |
| Goods, raw materials, services and sundry goods | 60/61 | €71,852 | - | -€71,852 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,482 | €103,895 | +€23,413 | +29.1% |
| Gross operating margin | 9900 | €68,882 | €17,882 | -€51,000 | -74.0% |
| Operating profit (loss) | 9901 | -€11,600 | -€86,013 | -€74,413 | -641.5% |
| Financial income | 75/76B | €425 | €756 | +€331 | +77.8% |
| Recurring financial income | 75 | €425 | €756 | +€331 | +77.8% |
| Financial charges | 65/66B | €20,203 | €19,446 | -€757 | -3.7% |
| Recurring financial charges | 65 | €20,203 | €19,446 | -€757 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€31,378 | -€104,703 | -€73,325 | -233.7% |
| Income taxes | 67/77 | €189 | €185 | -€5 | -2.4% |
| Profit (loss) for the period | 9904 | -€31,567 | -€104,888 | -€73,321 | -232.3% |
| Transfer from tax-exempt reserves | 789 | €2,041 | - | -€2,041 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,526 | -€104,888 | -€75,361 | -255.2% |
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 8 October 2026 via checked.be.