DAN ET DAN: 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.
DAN ET DAN
Largest movements
- Tangible fixed assets -€104,790
down €104,790 (-47.0%), from €223,132 to €118,342
of which Land and buildings: -€104,829
- Receivables within one year -€78,986
down €78,986 (-45.3%), from €174,518 to €95,532
of which Trade receivables: -€74,142
- Stocks and contracts -€15,416
down €15,416 (-61.7%), from €24,966 to €9,550
- Profit (loss) carried forward -€186,067
down €186,067, from €46,116 to -€139,951
- Debts after one year -€49,952
no longer reported in 2025 (was €49,952)
- Trade debts +€46,989
up €46,989 (+139%), from €33,793 to €80,782
of which Bills of exchange payable: +€65,109
- Current portion of long-term debt -€16,642
no longer reported in 2025 (was €16,642)
- Tax, wage and social debts +€4,947
up €4,947 (+344%), from €1,439 to €6,386
- Write-downs +€60,133
new in 2025: €60,133
- Staff costs +€37,308
up €37,308, from -€97 to €37,211
- Other operating charges +€36,271
up €36,271 (+897%), from €4,043 to €40,314
- Depreciation -€4,906
down €4,906 (-40.2%), from €12,208 to €7,302
- Financial charges +€3,032
up €3,032 (+82.1%), from €3,694 to €6,726
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 | €444,176 | €242,121 | -€202,055 | -45.5% |
| Fixed assets | 21/28 | €223,319 | €118,529 | -€104,790 | -46.9% |
| Tangible fixed assets | 22/27 | €223,132 | €118,342 | -€104,790 | -47.0% |
| Land and buildings | 22 | €221,075 | €116,246 | -€104,829 | -47.4% |
| Plant, machinery and equipment | 23 | €1,520 | €607 | -€913 | -60.1% |
| Furniture and vehicles | 24 | €537 | €1,489 | +€952 | +177% |
| Financial fixed assets | 28 | €187 | €187 | = | 0.0% |
| Current assets | 29/58 | €220,857 | €123,592 | -€97,265 | -44.0% |
| Stocks and contracts in progress | 3 | €24,966 | €9,550 | -€15,416 | -61.7% |
| Stocks | 30/36 | €24,966 | €9,550 | -€15,416 | -61.7% |
| Amounts receivable within one year | 40/41 | €174,518 | €95,532 | -€78,986 | -45.3% |
| Trade receivables | 40 | €148,764 | €74,622 | -€74,142 | -49.8% |
| Other amounts receivable | 41 | €25,754 | €20,910 | -€4,844 | -18.8% |
| Cash at bank and in hand | 54/58 | €17,912 | €17,080 | -€832 | -4.6% |
| Deferred charges and accrued income | 490/1 | €3,461 | €1,430 | -€2,031 | -58.7% |
| Total equity and liabilities | 10/49 | €444,176 | €242,121 | -€202,055 | -45.5% |
| Equity | 10/15 | €158,247 | -€27,820 | -€186,067 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €93,539 | €93,539 | = | 0.0% |
| Distributable reserves | 133 | €93,539 | €93,539 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,116 | -€139,951 | -€186,067 | |
| Amounts payable | 17/49 | €285,929 | €269,941 | -€15,988 | -5.6% |
| Amounts payable after more than one year | 17 | €49,952 | - | -€49,952 | |
| Financial debts | 170/4 | €49,952 | - | -€49,952 | |
| Amounts payable within one year | 42/48 | €235,977 | €268,866 | +€32,889 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €16,642 | - | -€16,642 | |
| Trade debts | 44 | €33,793 | €80,782 | +€46,989 | +139% |
| Suppliers | 440/4 | €25,332 | €7,212 | -€18,120 | -71.5% |
| Bills of exchange payable | 441 | €8,461 | €73,570 | +€65,109 | +770% |
| Taxes, remuneration and social security | 45 | €1,439 | €6,386 | +€4,947 | +344% |
| Taxes | 450/3 | €1,439 | €6,386 | +€4,947 | +344% |
| Other amounts payable | 47/48 | €184,103 | €181,698 | -€2,405 | -1.3% |
| Accrued charges and deferred income | 492/3 | - | €1,075 | +€1,075 | |
| Remuneration, social security and pensions | 62 | -€97 | €37,211 | +€37,308 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,208 | €7,302 | -€4,906 | -40.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €60,133 | +€60,133 | |
| Other operating charges | 640/8 | €4,043 | €40,314 | +€36,271 | +897% |
| Non-recurring operating charges | 66A | - | €3,756 | +€3,756 | |
| Gross operating margin | 9900 | -€32,285 | -€30,729 | +€1,556 | +4.8% |
| Operating profit (loss) | 9901 | -€48,439 | -€179,445 | -€131,006 | -270% |
| Financial income | 75/76B | €34 | €104 | +€70 | +206% |
| Recurring financial income | 75 | €34 | €104 | +€70 | +206% |
| Financial charges | 65/66B | €3,694 | €6,726 | +€3,032 | +82.1% |
| Recurring financial charges | 65 | €3,694 | €6,726 | +€3,032 | +82.1% |
| Profit (loss) for the period before taxes | 9903 | -€52,099 | -€186,067 | -€133,968 | -257% |
| Profit (loss) for the period | 9904 | -€52,099 | -€186,067 | -€133,968 | -257% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,099 | -€186,067 | -€133,968 | -257% |
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 24 October 2026 via checked.be.