DAN INVEST: what changed
DAN INVEST
Largest movements
- Receivables after one year -€47,500
no longer reported in 2025 (was €47,500)
- Deferred charges and accrued income +€17,750
up €17,750 (+85.4%), from €20,776 to €38,526
- Receivables within one year -€8,740
down €8,740 (-31.7%), from €27,561 to €18,820
- Cash -€2,287
down €2,287 (-4.4%), from €52,396 to €50,109
mainly Contributions, distributions and other (-€139,167) and Deferred charges and accrued income (-€17,750)
- Reserves -€87,131
down €87,131 (-61.0%), from €142,847 to €55,717
- Other debts +€36,829
new in 2025: €36,829
- Tax, wage and social debts +€10,591
up €10,591 (+389%), from €2,720 to €13,311
of which Taxes: +€13,077
- Short-term financial debts -€3,351
no longer reported in 2025 (was €3,351)
- Trade debts +€3,271
up €3,271 (+248%), from €1,320 to €4,591
- Gross operating margin +€43,959
up €43,959 (+73.6%), from €59,730 to €103,689
- Taxes +€18,662
up €18,662 (+403%), from €4,630 to €23,291
- Staff costs +€18,174
up €18,174 (+3,613%), from €503 to €18,677
- Financial income -€1,159
no longer reported in 2025 (was €1,159)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,097 | €129,761 | -€39,336 | -23.3% |
| Fixed assets | 21/28 | €20,864 | €22,305 | +€1,441 | +6.9% |
| Tangible fixed assets | 22/27 | €20,864 | €22,305 | +€1,441 | +6.9% |
| Land and buildings | 22 | €589 | - | -€589 | |
| Furniture and vehicles | 24 | €6,136 | €8,789 | +€2,653 | +43.2% |
| Other tangible fixed assets | 26 | €14,139 | €13,516 | -€623 | -4.4% |
| Current assets | 29/58 | €148,233 | €107,456 | -€40,777 | -27.5% |
| Amounts receivable after more than one year | 29 | €47,500 | - | -€47,500 | |
| Other amounts receivable | 291 | €47,500 | - | -€47,500 | |
| Amounts receivable within one year | 40/41 | €27,561 | €18,820 | -€8,740 | -31.7% |
| Other amounts receivable | 41 | €27,561 | €18,820 | -€8,740 | -31.7% |
| Cash at bank and in hand | 54/58 | €52,396 | €50,109 | -€2,287 | -4.4% |
| Deferred charges and accrued income | 490/1 | €20,776 | €38,526 | +€17,750 | +85.4% |
| Total equity and liabilities | 10/49 | €169,097 | €129,761 | -€39,336 | -23.3% |
| Equity | 10/15 | €142,847 | €55,717 | -€87,131 | -61.0% |
| Reserves | 13 | €142,847 | €55,717 | -€87,131 | -61.0% |
| Distributable reserves | 133 | €142,847 | €55,717 | -€87,131 | -61.0% |
| Amounts payable | 17/49 | €26,250 | €74,044 | +€47,795 | +182% |
| Amounts payable within one year | 42/48 | €26,250 | €74,044 | +€47,795 | +182% |
| Current portion of amounts payable after more than one year | 42 | €18,859 | €19,313 | +€454 | +2.4% |
| Financial debts | 43 | €3,351 | - | -€3,351 | |
| Credit institutions | 430/8 | €3,351 | - | -€3,351 | |
| Trade debts | 44 | €1,320 | €4,591 | +€3,271 | +248% |
| Suppliers | 440/4 | €1,320 | €4,591 | +€3,271 | +248% |
| Taxes, remuneration and social security | 45 | €2,720 | €13,311 | +€10,591 | +389% |
| Taxes | 450/3 | - | €13,077 | +€13,077 | |
| Remuneration and social security | 454/9 | €2,720 | €234 | -€2,486 | -91.4% |
| Other amounts payable | 47/48 | - | €36,829 | +€36,829 | |
| Remuneration, social security and pensions | 62 | €503 | €18,677 | +€18,174 | +3,613% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,738 | €4,105 | -€633 | -13.4% |
| Other operating charges | 640/8 | €890 | €577 | -€313 | -35.1% |
| Gross operating margin | 9900 | €59,730 | €103,689 | +€43,959 | +73.6% |
| Operating profit (loss) | 9901 | €53,599 | €80,330 | +€26,731 | +49.9% |
| Financial income | 75/76B | €1,159 | - | -€1,159 | |
| Recurring financial income | 75 | €1,159 | - | -€1,159 | |
| Financial charges | 65/66B | €4,739 | €5,002 | +€264 | +5.6% |
| Recurring financial charges | 65 | €4,739 | €5,002 | +€264 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €50,019 | €75,328 | +€25,308 | +50.6% |
| Income taxes | 67/77 | €4,630 | €23,291 | +€18,662 | +403% |
| Profit (loss) for the period | 9904 | €45,390 | €52,037 | +€6,647 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,390 | €52,037 | +€6,647 | +14.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.